UN Warns Supersized El Nino Threatens Global Economy With Extreme Weather
United Nations Secretary-General Antonio Guterres issued a stark warning on Thursday regarding the current El Nino phenomenon. He described …
Economy
303 articles
Asia seeks to boost oil and gas storage to reduce reliance on Strait of Hormuz
Asian economies are accelerating efforts to expand domestic oil and gas storage capacity in response to growing concerns over potential disr…
Russia’s Oil Revenue Sinks to Six-Month Low as Urals Price Drops
Russia’s oil export earnings fell to their lowest level in six months during August, according to recent data, as the price of its flagship …
China-Nepal Trade Corridor Faces Repeated Disruptions After Flooding
A severe flood event has once again severed the vital trade route between China and Nepal, disrupting cross-border commerce that sustains th…
Iranian Rial Plummets Past 2.1 Million to the Dollar
Tehran, Iran — September 2, 2026 — The Iranian rial has entered a freefall, with the US dollar surpassing 2.1 million rials for the first ti…
Australia's Economy Grows 2.1% in Q2, Exceeding Forecasts
Australia's gross domestic product expanded by 2.1% in the second quarter of 2026, surpassing the anticipated 1.8% growth rate. The quarterl…
Palo Alto Networks Lifts Price Target Amid Surging AI Cybersecurity Demand
Palo Alto Networks concluded its fiscal 2026 quarter with strong financial results, signaling continued growth for the coming year. Analysts…
Taiwan Finalizes 2026 Budget After Nine-Month Delay
The Republic of China has officially adopted its fiscal plan for 2026. This legislative milestone arrived nearly nine months behind schedule…
Organized Crime Floods Europe With Counterfeit Goods Worth Billions
European markets face a silent invasion by organized crime networks. Investigators report that nearly five percent of all goods entering the…
Eurozone Inflation Spikes to 3.3 Percent Amid Energy Price Surge
Inflation in the Eurozone climbed sharply to 3.3 percent in August. This marked a significant increase from previous months. The primary dri…
U.S. Calls on Allies to Join Economic Pressure Against Iran
On September 1, 2024, the United States urged other countries to take part in a new economic pressure campaign targeting Iran, as Leila Fade…
Mercedes China Dealer’s Dollar Bond Slumps, Trades Like Junk
A major Mercedes-Benz dealership in China is facing severe financial strain as its dollar-denominated bond plummets in value, trading at lev…
UK Retail Inflation Reaches Two-Year Peak Amid Energy Surge
Retail prices in the United Kingdom climbed at their quickest pace in over two years during the recent reporting period. This sharp increase…
Trump’s Economic Pressure Plan for Iran Faces Major Gap Due to China
The Trump administration is urging global partners to voluntarily halt business dealings with Iran. This move aims to create an economic tur…
Cairo Waste Value Rises While Collectors Earn Less
The war against Iran has disrupted global supply chains, causing a spike in demand for recycled materials from Cairo. This shift increases t…
German inflation rises to 2.9% in August, coming in below expectations
In August, Germany's annual inflation rate reached 2.9%, according to the harmonised index monitored by the Bundesbank. This figure marks a …
Wall Street Slides as Oil Prices Surge on Middle East Tensions
US equity markets closed lower on Monday, with the S&P 500 index falling amid a sharp spike in crude oil prices. The decline was driven by e…
US-Canada Trade Tensions Escalate as Both Sides Impose Retaliatory Tariffs
US-Canada Trade War: Impact on Both Sides of the Border The United States and Canada have not yet reached a solution to their trade dispute,…
Asian Stocks Fall as Hawkish Warsh Comments Lift Dollar and Oil
Asian equities slipped lower on Tuesday while the dollar held its gains and oil prices advanced, as investors digested hawkish remarks from …
How has life changed for Iranians six months into the war?
Six months after the conflict began, ordinary Iranians face mounting economic strain and social uncertainty. Inflation continues to erode pu…
Warsh Raises Stakes for Fed's Next Meeting, Highlights Risks at Jackson Hole
At the Federal Reserve’s annual Jackson Hole conference, senior economist Warsh warned that upcoming policy decisions face heightened uncert…
K, C or E? Why economists can’t agree on the shape of today’s economy
As of August 29, 2026, economists are debating the shape of the post-pandemic economic recovery, moving beyond the once-dominant „K„-shaped …
Trade tensions between the United States and Canada have intensified, raising serious concerns about economic stability in North America. Analysts warn that the ongoing dispute could trigger a significant downturn for the Canadian economy. The core of the conflict involves new tariffs imposed by Washington on key Canadian exports. These measures are already disrupting supply chains and business confidence across the border
The primary fear is that the current tariff regime will cause substantial job losses in Canada. Economic models suggest that one hundred tho…
Former Federal Reserve Vice Chairman Richard Clarida now views every monetary policy meeting as a critical decision point. Speaking on August 28, 2026, he emphasized that the central bank must remain ready to raise interest rates. This stance follows recent remarks by Fed Chair Kevin Warsh at the Jackson Hole symposium. The shift signals a hawkish approach to managing persistent inflation pressures across the economy
Clarida, who currently serves as a global economic adviser at Pimco, outlined the changing dynamics of Federal Reserve strategy. He noted th…