Israel OKs Natural Gas Deal with Egypt, Netanyahu Announces
Israel's cabinet greenlights a landmark natural gas agreement with Egypt, boosting regional energy security and economic cooperation. Read the full details and implications here.
Category : Global Economy
EU Parliament Approves Phase-Out of Russian Gas
The European Parliament has formally approved a plan to end all imports of Russian gas by 2027. This landmark vote strengthens the EU's energy independence strategy. Read the full details and implications.
Venezuela Oil Blocked, Chevron Exempt Amid US Crackdown
Trump's naval blockade paralyzes Venezuela's sanctioned oil shipments to China. Chevron, however, continues exports to US Gulf Coast, operating under a special license. Details inside.
China's November Economic Data Shows Broad Weakness
China's economic recovery falters as retail sales growth plunges to 1.3% in November, the weakest since 2022. Industrial output slows, property crisis deepens, and global trade headwinds rise. Analysis inside.
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EU's Plan to Use Frozen Russian Assets Triggers Legal Storm
Europe's controversial move to fund Ukraine using seized Russian assets faces fierce opposition from financial giants and Moscow, threatening global financial stability. Read the full analysis.
Kelowna's 11% Unemployment Rate Defies Canada's Job Growth
Kelowna's unemployment rate hits 11%, a sharp contrast to Canada's addition of 54,000 jobs. Explore the local economic downturn and its causes. Read more for insights.
Kabul coal prices surge despite ample local supply
Residents of Kabul decry a 50% surge in coal prices amid harsh winter, blaming middlemen and corruption despite Afghanistan's vast domestic reserves. Read more.
US Inflation Data Bolsters Case for December Fed Rate Cut
The Federal Reserve's preferred inflation measure showed muted price pressures in September, strengthening the case for an interest rate cut in December. Explore the data and its implications for the US and global economy.
IMF Mulls More Support for Sri Lanka After Cyclone Ditwah
IMF is assessing options to aid Sri Lanka's recovery from Cyclone Ditwah's devastation. Read about the economic impact and the crucial $3 billion bailout's next steps.
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Pakistan to Sell Loss-Making PIA via Bidding
Pakistan initiates bidding to privatise loss-making Pakistan International Airlines (PIA), a key step under its $7 billion IMF programme. Read the full details and implications.
Sachs Warns West Against Underestimating Russia, China
Top economist Jeffrey Sachs slams US & European policies, warns against underestimating Russia & China's power. Watch his full speech on global conflicts.
Greek Farmers Block Borders Over EU Subsidy Delays
Greek farmers escalate protests, blocking key border crossings over delayed EU subsidy payments linked to a major corruption scandal. Read about the crisis and government response.
Europe's Green Transition Backfires, High Costs Cripple Industry
Europe's aggressive shift to renewables slashed emissions by 30% but caused soaring electricity prices, crippling industry and fracturing political consensus. Key lessons for India's energy future.
Global Oil Glut: Why Prices May Not Collapse in 2026
Global oil surplus could push prices lower in 2026, but geopolitical tensions from Ukraine to Venezuela may provide a floor. Experts analyse OPEC's role and market balance.
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US AI Spending Offsets Trump Tariff Pain, Boosts Global GDP
Trump's tariffs hit global trade, but a $400 billion AI investment surge by US tech giants is driving growth. Discover how this is saving economies from recession.
AI Boom Counters Tariff Shock, Lifts Global Economy
President Trump's tariffs threatened global trade, but a $400bn AI investment surge by US tech giants is revising growth forecasts upward. Explore the uneven impact and future risks.
Uganda restricts refugee entry as US aid declines
Uganda joins Egypt and Kenya in tightening refugee policies due to funding shortages. Learn how aid cuts are impacting vulnerable populations across Africa.
Sachs: BRICS New Power Centre as US Fails Reality Check
Renowned economist Jeffrey Sachs exposes US-Europe delusion on China-Russia, declares BRICS as emerging global power centre. Watch his explosive analysis.
European Stocks Achieve Fifth Consecutive Monthly Gain
European stocks extend gains for a fifth month, driven by resilient earnings and economic growth. Mining and energy shares lead the rally. Discover key market movers and expert insights.
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European Stocks Extend Rally to Fifth Consecutive Month
European stocks advance 0.3% as mining and energy shares outperform. Delivery Hero surges 16% amid shareholder pressure for strategic review. Discover key market drivers.
South Korea Industrial Output Drops 6.5%, Worst in 6 Years
South Korea's industrial production crashes 6.5% in October, marking the steepest decline in nearly six years. Manufacturing and retail sectors show significant contraction.
Dubai's Public Markets Reshaped by Listings and Reforms
Dubai's capital markets undergo transformation through new listings, investor demand, and structural reforms. Discover how these changes are reshaping the financial landscape in our latest analysis.
Putin Mocks Europe's Economy, Cites Russia-China Success
Russian President Vladimir Putin delivers scathing critique of Europe's economy, highlights Russia-China growth while EU faces recession. Read his full assessment.
EM Currencies Steady as Latin America Underperforms
Emerging market currencies took a breather on Thursday amid thin US holiday trading. Latin American currencies led declines while Asian markets showed mixed signals. Read analysis.
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ECB Keeps Rates Steady, Eyes Potential 2026 Cuts
European Central Bank maintains 2% deposit rate, sees inflation under control but remains open to potential rate cuts in 2026. Fresh economic projections due December 18.
Pakistan's Growth Model Unsustainable: Central Bank
Pakistan's central bank governor warns current economic model cannot sustain 250 million population. Urgent reforms needed to address structural weaknesses and boost investment.
Thousands Protest Bulgaria's Tax Hike Budget Approval
Thousands protest in Bulgaria as parliament approves budget with significant tax increases. Demonstrators demand government resignation amid economic concerns. Latest updates.
UK Announces £26 Billion Tax Increases in New Budget
Britain's Chancellor Rachel Reeves unveils £26 billion tax increases targeting wealthier individuals while protecting low-income families. Key budget decisions focus on economic stability.
Israel Doubles VAT Exemption Limit on Personal Imports
Israel increases VAT exemption threshold for personal imports from $75 to $500 starting July 1. Major relief for international shoppers and Israeli consumers.
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UK's £26BN Tax Shock: Reeves Announces New Budget
UK Chancellor Rachel Reeves unveils £26 billion tax plan freezing brackets and hiking wealth taxes. Learn how this impacts millions of families and the economic outlook.
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