In a landmark announcement that signals Britain’s emergence as a global AI powerhouse, Google has unveiled its £5 billion investment in the UK’s digital infrastructure, officially opening its state-of-the-art data centre in Waltham Cross, Hertfordshire, today. The facility, inaugurated by Chancellor Rachel Reeves, represents far more than just another tech investment – it’s a strategic […]

China’s economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and Beijing’s campaign against industrial overcapacity curbed output. The disappointing data released Monday by the National Bureau of Statistics underscores the mounting challenges facing the world’s second-largest economy as it struggles to reignite growth momentum. One […]

Turkey’s central bank delivered a measured 250 basis point reduction in its policy interest rate to 40.5% on Thursday, marking a cautious continuation of its monetary easing cycle amid mounting political risks and persistent inflation pressures. The Central Bank of the Republic of Turkey (CBRT) opted for a smaller cut than the 300 basis points […]

The Japanese government announced Wednesday that it will permanently close all six of its economic centers in Russia, ending a 31-year program designed to foster business relations and support market reforms in the post-Soviet era, as bilateral relations deteriorate to their lowest point since World War II following Russia’s invasion of Ukraine. Push boundaries, reach […]

China has returned to deflationary territory as the world’s second-largest economy continues to grapple with mounting challenges that threaten its growth trajectory. The official consumer price index contracted 0.4% year-on-year in August, marking a sharper decline than the 0.2% drop economists had forecast and representing the country’s slip back into deflation after remaining flat in […]

The UAE’s economic diversification strategy has reached a historic milestone, with real Gross Domestic Product growing by 3.9% to total AED 455 billion ($123.89 billion) in the first quarter of 2025, compared to the same period in 2024. More significantly, non-oil activities have achieved an unprecedented 77.3% contribution to real GDP—the highest in the country’s […]

Turkey’s medium-term economic programme forecasts inflation to hit 28.5% in 2025 and 16% in 2026, before reaching single digits from 2027, as the government maintains its commitment to orthodox monetary policy following years of unconventional economic experiments under President Erdogan. Turkey’s newly published medium-term economic roadmap represents a critical test of the government’s commitment to […]

U.S. President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan’s export-heavy economy while formally cementing what Trump called “perhaps the largest Deal ever made” with America’s key Asian ally. Formalizing the deal between the U.S. […]

Turkey’s central bank is likely to scale back planned interest rate cuts, beginning with only 200 basis points next week, after inflation in August came in above expectations, driven by surging food and services, JPMorgan said on Wednesday. The revised forecast reflects growing concerns about persistent price pressures and the need to maintain monetary credibility […]

UK government long-term borrowing costs have reached their highest level since 1998, adding unprecedented pressure on Chancellor Rachel Reeves ahead of what promises to be a defining autumn Budget. The interest rate on 30-year government bonds, known as the yield, jumped to 5.72%, making it significantly more expensive for the government to borrow money and […]