Russian Ruble Jumps 45%, Tops Major Currencies in 2023
The Russian Ruble has soared 45% against the US Dollar this year, defying sanctions and low oil prices. Discover the factors behind this unexpected strength and its economic impact.
Category : Global Economy
World's 10 Most Miserable Countries in 2024
Hanke's Annual Misery Index 2024 reveals the most difficult nations to live in, with Sudan and Argentina facing severe economic hardship. Discover the full list and key factors.
UAE Tops Global Indices in 2025 for Competitiveness & Safety
The UAE has achieved top global positions in 2025 for economic competitiveness, safety, digital governance, and healthcare. Discover how the nation is setting new international benchmarks.
2025 Review: A Dispiriting Year for Global Order
A look back at 2025 reveals a year of anxiety, rising populism, and technological challenges that tested the post-war liberal order. Can hope prevail in 2026? Read the analysis.
UAE's Overproduction Threatens OPEC's Future
The UAE is reportedly flouting OPEC+ quotas, producing up to 3.4 million barrels daily. This internal conflict could unravel the 65-year-old oil cartel. Read the full analysis.
Pakistan Sells State-Owned PIA for Rs 135 Billion
Pakistan sells its national carrier PIA for Rs 135 billion, highlighting a severe economic crisis. The sale follows government absorption of over Rs 650 billion in liabilities. Read more.
Euro's Moment? Can It Challenge the Dollar as Reserve Currency
As the dollar faces instability, European policymakers see a historic opportunity to elevate the euro's global role. Explore the four key reasons why the euro could gain ground in international finance.
EM currencies climb to near two-month high
Emerging market currencies and stocks rose 0.4% each, reaching levels last seen in late October, buoyed by a softer dollar and local policy cues amid thin holiday trading. Key moves seen in South Korea, Israel, Turkey, China, and Vietnam.
Top 10 Richest Countries in 2025: IMF Ranking
Discover the top 10 wealthiest nations for 2025 based on GDP per capita (PPP). See which countries lead in prosperity and the key factors behind their economic success.
White House Barriers to Hit Asia's Economy Hardest in 2026
Bloomberg Opinion analysis reveals the real economic impact of recent US trade barriers on Asia will be felt in 2026, marking an end to the 'easy money' era. Read the full report.
10-Year JGB Yield Hits 26-Year High After BOJ Move
Japan's 10-year government bond yield surged to a 26-year peak of 2.1% as markets anticipate more rate hikes from the Bank of Japan following its recent increase. Explore the global market implications.
UAE's Circular Economy Strategy Aims for $2 Billion Savings
The UAE's innovative circular economy policies are creating new pathways for sustainable growth, aiming to generate $2 billion in savings by 2030. Discover how the nation is leading the green transition.
Denmark Ends 400-Year-Old Postal Letter Delivery Service
Denmark's historic postal service, PostNord, ceases physical letter delivery after four centuries, marking a digital shift. Read about the impact and future plans.
Denmark ends 400-year-old postal letter delivery service
Denmark's historic postal service halts home letter delivery after four centuries, shifting focus to parcels. A digital revolution ends an era. Read the full story.
PIA Privatisation Bidder Exits, Sale Process in Jeopardy
Pakistan International Airlines' privatisation hits a major roadblock as the only remaining bidder withdraws. The airline's financial crisis and future are now in question. Read the full analysis.
Yunus vows to carry forward ideals at Hadis funeral
Nobel laureate Muhammad Yunus pledges to continue the legacy of his late colleague, economist Dr. M. A. Hadi, at an emotional funeral in Dhaka. Read about his vision for a poverty-free world.
World Bank OKs $700M Aid for Pakistan's Stability
The World Bank approves a $700 million financing package for Pakistan to boost macroeconomic stability and public services. Learn about the program's goals and impact.
World Bank Approves $700 Million Aid for Pakistan
The World Bank approves $700 million financing for Pakistan to boost macroeconomic stability and public services. The program aims to improve tax systems, education, and healthcare delivery. Read more about the funding details and goals.
BOJ Rate Hits 0.75%, First Time Since 1995
The Bank of Japan raises its key rate to 0.75%, the highest in 30 years. Discover how this move impacts global markets, the carry trade, and borrowing costs worldwide, including potential effects on India.
Saudi Arabia Revokes Expat Fees to Empower Factories
Saudi Arabia cancels fees for expatriate workers in licensed industrial units, a major push under Vision 2030 to strengthen national factories and global competitiveness. Read more.
Bank of Japan Raises Key Rate to 30-Year High of 0.75%
The Bank of Japan ends its negative rate era, raising its key policy rate to 0.75% in a historic shift. This move aims to combat a weak yen and inflation, with major implications for global capital flows and markets. Follow for live updates.
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.
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.
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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