Pakistan and the International Monetary Fund have finalized a crucial agreement for the disbursement of $1.2 billion in funding, aimed at bolstering the nation's economic stability and addressing fiscal challenges.
The International Monetary Fund has finalized a staff-level agreement with Pakistan for the third review of its Extended Fund Facility, authorizing a $1.2 billion disbursement to support the nation's economic stability.
In a world marked by geopolitical tensions and economic fragmentation, the World Trade Organization (WTO) is more crucial than ever for fostering cooperation, resolving disputes, and ensuring stable global trade.
Petrol price increases following the Iran conflict are accelerating demand for used electric vehicles across Europe, with online platforms reporting significant shifts in consumer preferences away from conventional fuel vehicles.
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Russian President Vladimir Putin has reportedly called on oligarchs to contribute to the state budget, as the financial burden of the Ukraine war escalates, signaling a prolonged conflict.
Oil prices cooled by 2% on Friday after US President Donald Trump signaled positive negotiations with Iran and extended a deadline for strikes. Brent crude eased to $105.75 per barrel amid easing tensions in the Middle East conflict.
OECD and ADB caution that the West Asia conflict could dampen global growth and spike inflation, with India's GDP projection trimmed and energy price impacts highlighted.
WTO Director-General Ngozi Okonjo-Iweala warns that the multilateral trade system has irrevocably changed, citing risks from conflicts, tariffs, and transparency issues at the 14th WTO conference.
The OECD warns that escalating Middle East tensions could drive US inflation to 4.2% in 2024, the highest among G7 economies, while slowing global growth due to energy price shocks and supply-chain disruptions.
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Rising war tensions, market crashes, and economic uncertainty spark fears of a global collapse. Kashinath Mishra explains the bigger picture behind these events and their potential impact on your future.
The escalating conflict in the Middle East has severely disrupted petrochemical supplies from Iran, causing a sharp surge in prices for key plastics like polyethylene and polypropylene globally.
Russia's oil and gas revenues surge to $760 million daily amid Iran conflict, with monthly earnings potentially doubling to $24 billion due to price spikes and temporary sanctions relief.
The US-Iran conflict has severely disrupted global LNG markets, with prices surging 143% in Asia. Damage to Qatar's infrastructure and Strait of Hormuz closures could reduce supply by 35 million tonnes, forcing price-sensitive buyers to seek alternatives.
Larry Fink of BlackRock warns oil could hit $150 a barrel, triggering a global recession if Iran continues to threaten supply routes post-conflict, amid escalating US troop deployments and damaged energy infrastructure.
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Amid global economic uncertainty and market turbulence, financial experts advise investors on key strategies to manage portfolios, including diversification and long-term planning.
As the global fuel crisis intensifies, China is implementing a comprehensive masterplan to secure its energy supply and remain unaffected. This strategy includes diversifying sources and boosting domestic production.
The escalating Middle East conflict is severely impacting Pakistan's fragile economy, with soaring fuel prices, rising inflation, and strain on aviation and government finances. Experts warn of potential collapse if the crisis persists.
Oil prices fell as US President Donald Trump announced progress in negotiating an end to the Iran war, easing concerns over supply disruptions in the Middle East.
US stocks declined on Tuesday, reversing previous gains, while oil prices surged due to ongoing airstrikes in Iran and missile attacks across the Middle East, heightening investor anxiety over geopolitical risks.
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Damage to Qatar's gas infrastructure, supplying 20% of global demand, could lead to sustained higher energy costs worldwide due to the unique nature of methane-based LNG.
The West Asia conflict has sparked a severe energy shock, forcing countries worldwide into emergency mode with coal reliance, fuel rationing, and work curbs. Disruptions in key oil routes are impacting daily life from Asia to Africa.
European Commission President Ursula von der Leyen announces the conclusion of the EU-Australia Free Trade Agreement, promising tariff savings and growth in exports.
Chevron CEO Mike Wirth states the US-Iran conflict has caused greater damage to global oil and gas markets than the Russia-Ukraine war, disrupting supply chains and raising prices.
Global oil prices climbed on Tuesday, recovering from a sharp drop, as Middle East conflict escalation fears and unclear US-Iran diplomacy keep markets volatile, with Brent crude near $104.
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A new report warns that European natural gas prices could spike to 2022 record levels due to the ongoing West Asia conflict, threatening energy security and economic stability in the region.
Harvard economist Gita Gopinath warns geopolitics is a transformative, permanent force in global policy, driven by de-risking and defense shifts post-Cold War.
Asian stock markets climbed Tuesday, tracking Wall Street gains after US President Donald Trump mentioned talks with Iran to end Middle East conflict, though Tehran denied discussions. Oil prices rebounded amid Strait of Hormuz concerns.
The European Union and Australia have signed a comprehensive free trade agreement and new defense cooperation, ending years of deadlock. This pact aims to boost economic ties, reduce tariffs, and enhance security collaboration in the Indo-Pacific region.
International Energy Agency chief Dr. Fatih Birol warns the Middle East conflict has created a 'very severe' energy crisis surpassing the 1970s oil shocks and Russia-Ukraine war impacts combined.
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On World Meteorological Day, WMO President Dr. Abdullah Al Mandous highlights that meteorological and climate observation systems are crucial for protecting lives, supporting economic stability, and advancing sustainability. He calls for strengthened moni
