Chinese President Xi Jinping announced ambitious plans to accelerate the creation of a development bank and establish an international energy cooperation platform at the largest-ever summit of the Shanghai Cooperation Organization (SCO) in Tianjin, China. The historic gathering on September 1, 2025, brought together leaders from Russia, India, and eight other nations in what represents […]

The plan to restart India-China direct flights was announced by PM Modi after he met Chinese President Xi Jinping on the sidelines of the SCO Summit in Tianjin. India and China are set to resume direct flights for the first time since the pandemic, in signs of a thaw in relations amid rising global trade […]

Key Takeaway: The European Commission’s proposal to eliminate tariffs on US industrial goods represents a crucial step in implementing the historic July trade framework that avoided a devastating tariff war, but creates an asymmetric arrangement where Europe makes most concessions while facing continued challenges in key export sectors. BRUSSELS – The European Commission proposed on […]

Russia has drastically cut its 2025 economic growth forecast to 1.5% from an earlier projection of 2.5%, Finance Minister Anton Siluanov announced to President Vladimir Putin on Wednesday, marking a significant acknowledgment that the country’s war-driven economic model is beginning to falter under the weight of restrictive monetary policy and structural constraints. The dramatic downgrade […]

The United States has imposed crushing 50% tariffs on Indian goods, dealing a severe blow to the world’s fastest-growing large economy and marking the deepest rupture in US-India relations in decades. The punitive levies, which took effect at 12:01 AM US Eastern time on Wednesday, represent among the highest tariff rates imposed by the United […]

President Donald Trump has dramatically escalated tensions with America’s allies by threatening comprehensive tariffs and export controls on countries whose taxes, rules, or laws “discriminate” against US technology companies. In a late Monday post on Truth Social, Trump warned of “substantial” retaliatory measures against nations that maintain digital services taxes while allegedly exempting Chinese tech […]

Syria will issue new banknotes in December 2025, removing two zeros from its currency in an ambitious attempt to restore public confidence in the severely devalued Syrian pound, according to seven sources familiar with the matter and documents reviewed by Reuters. The move represents both a practical economic necessity and a powerful symbol of the […]

Pakistan and China have pledged to significantly expand economic cooperation and investment under the China-Pakistan Economic Corridor (CPEC), marking what officials describe as a pivotal moment in the flagship program of China’s Belt and Road Initiative. The announcement came during high-level talks between Chinese Foreign Minister Wang Yi and his Pakistani counterpart, Deputy Prime Minister […]

Executive Summary Japan’s Prime Minister Shigeru Ishiba on Wednesday proposed an ambitious economic zone connecting the Indian Ocean to Africa as the country seeks to play a greater role in the African continent while America’s presence there decreases and China’s influence rapidly grows. Speaking at the opening of the Tokyo International Conference on African Development […]

As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates, investors are weighing the risk of “fiscal dominance,” a scenario where keeping government financing cheap eclipses the fight against inflation. A budget bill passed last month by the Republican-controlled Congress is set to pile trillions onto the swelling […]