Asian markets reversed early gains on Thursday, with Japan's Nikkei briefly hitting 60,000 before falling 1.5%. Rising oil prices and stalled US-Iran peace talks dampened investor sentiment across the region.
US Treasury Secretary Scott Bessent reveals Gulf nations are seeking dollar swap lines to bolster financial stability, aligning with the US's growth-focused budget strategy to strengthen global economic ties.
Pope Leo XIV criticizes the global 'economy of exclusion' driven by resource exploitation, warning it fuels conflict and inequality worldwide.
India and China face mounting energy supply challenges as the prolonged Middle East conflict disrupts trade via the Strait of Hormuz. India's exposure is greater due to heavy Gulf dependence, while China's reserves provide some buffer but face rising pric
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The UK's unemployment rate unexpectedly fell to 4.9% in early 2024, while wage growth slowed to its weakest pace in over five years, amid rising economic inactivity and global energy price concerns.
Bundesbank President Joachim Nagel warns Europe must prevent misuse of Anthropic's AI models like Claude, calling for robust regulation to ensure ethical use and avoid financial risks.
American businesses can now file for billions in tariff refunds after a Supreme Court ruling declared Trump-era import taxes unconstitutional. The US Customs system launches this week.
A viral Instagram video by veggiwander shows a woman trying to buy groceries in London with a 100-rupee note, revealing the stark cost-of-living differences between India and the UK.
The UAE, a key U.S. Gulf ally, is reportedly evaluating the use of China's yuan for oil trade due to concerns about dollar liquidity amid the economic fallout from the U.S. war against Iran.
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The UAE is reportedly exploring a shift to the Chinese yuan for oil payments, moving away from the US dollar, as tensions with Iran escalate, potentially reshaping global trade dynamics.
Export controls aimed at preventing technological advancements may inadvertently accelerate capability-building, requiring a strategic rethink in global tech policy.
Pakistan has committed to repaying a $1.5 billion loan from the UAE by April 2026, as part of efforts to manage its external debt and stabilize the economy amid financial challenges.
Iran's geopolitical strategies and internal policies are creating ripple effects across international markets and impacting household economies worldwide, from energy prices to consumer goods.
China's declining birth rate and rapidly aging population are creating significant economic risks, including labor shortages and increased social welfare costs, threatening long-term growth.
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Pakistan has repaid $2 billion to the UAE, while Saudi Arabia extended its $3 billion deposit maturity, easing Islamabad's financial pressures amid regional tensions.
Pakistan's central bank has confirmed the repayment of a $2 billion loan to the United Arab Emirates, a move that highlights the country's ongoing efforts to manage its external debt obligations amid economic challenges.
Global oil prices fell sharply while stock markets rallied after the US and Iran agreed to a ceasefire, easing geopolitical tensions and boosting investor confidence in economic stability.
The United States has reversed its stance by renewing a sanction waiver that permits countries, including India, to purchase Russian oil, easing global energy supply concerns.
Global oil and European natural gas prices tumbled significantly after Iran announced the Strait of Hormuz is 'completely open,' raising hopes for an end to the critical shipping disruption that has strained energy markets for weeks.
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Pakistan's cotton production faces severe decline as policy failures and substandard seed quality exacerbate the crisis, impacting the textile industry and economy.
Oil prices declined in early Friday trading as optimism grew over a Middle East ceasefire and potential US-Iran negotiations, easing supply disruption fears but concerns persist.
The United States nearly became a net crude exporter last week for the first time since World War II, with exports hitting a seven-month high of 5.2 million barrels per day as Asian and European buyers seek alternatives to disrupted West Asian supplies.
China's GDP grew 5% year-on-year in Q1 2024, the fastest in three quarters, fueled by strong manufacturing and exports, but retail sales missed forecasts, indicating persistent consumer weakness.
The International Energy Agency warns Europe has only about 6 weeks of jet fuel remaining due to Iran war disruptions. Flight cancellations could begin soon, with developing nations facing the worst impacts.
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The EU plans to expand its carbon border tax to 180+ steel/aluminum products from 2028, raising costs for Indian exports. GTRI report warns of wider impact on engineering goods, auto parts.
The World Economic Forum forecasts global GDP will increase by $56 trillion over the next five years, driven by AI, quantum computing, and other transformative technologies.
The US has terminated temporary waivers allowing sales of Russian and Iranian oil at sea, tightening sanctions. This move pressures countries like India to reshape energy strategies amid global supply disruptions from the Middle East war.
Brent crude and WTI futures declined on Thursday amid optimism over potential diplomatic progress between the US and Iran, though supply disruptions and ongoing negotiations continue to fuel market volatility.
Pakistan secures $3 billion from Saudi Arabia to bolster foreign exchange reserves and repay a UAE loan, with an existing $5 billion deposit extended without annual rollover requirements.
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Chevron executive Andy Walz advises Americans to drive less and conserve energy to save money as global oil prices spike due to Middle East tensions affecting the Strait of Hormuz.
