Goldman Sachs has raised its odds of a U.S. recession to 45%—up from 35% just a week ago. This marks the second consecutive hike in recession probability by the influential investment bank, reflecting growing anxiety over escalating trade tensions, a volatile global economy, and the uncertain outlook for U.S. economic growth. The revised forecast comes […]

In a dramatic statement that underscores the rising tensions between Washington and Tokyo, Japanese Prime Minister Shigeru Ishiba has described U.S. President Donald Trump’s tariffs on Japanese goods as a “national crisis.” Speaking ahead of cross-party talks aimed at mitigating the economic fallout, Ishiba’s comments came on Friday, as Japan’s economic landscape reels from sweeping […]

In a dramatic turn for one of the world’s most vital industries, India’s gems and jewellery sector – valued at approximately $32 billion – is bracing for a severe setback as the United States imposes a 26% reciprocal tariff on its exports. This decision, announced as part of a broader US trade strategy, has sent […]

In a powerful demonstration of international economic collaboration, the China-Brazil Economic and Trade Forum convened in São Paulo on March 28, 2025. The high-profile event brought together government officials, industry leaders, and business delegations from both countries, setting the stage for a new era of strengthened bilateral ties. Against a backdrop of evolving global trade […]

In a bold and calculated move that could reshape international trade dynamics, President Donald Trump is reportedly considering a two-step approach to imposing a new tariff regime. Sources familiar with the discussions reveal that the administration is exploring rarely used legal provisions to deploy emergency duties immediately, while simultaneously launching in-depth investigations into its trading […]

In a move that has sent shockwaves through global markets and reignited simmering trade tensions, U.S. President Donald Trump announced a sweeping 25% tariff on imported vehicles, effective April 3, 2025. The measure, unveiled against a backdrop of escalating global economic uncertainty, has ignited fears of a broader trade war and is already prompting retaliatory […]

In a statement that underscores Indonesia’s proactive monetary policy, Bank Indonesia (BI) has declared its readiness to intervene and stabilise the rupiah, which is flirting with its lowest levels in 27 years. Despite the currency’s recent slide—hitting levels last seen during the Asian Financial Crisis of 1998—domestic market sentiment remains upbeat, bolstered by robust fundamentals […]

In a decisive move aimed at reinforcing the country’s ongoing economic recovery, Sri Lanka’s central bank kept its key overnight policy rate unchanged at 8% for the second consecutive meeting on Wednesday. This decision, aligned with the views of a majority of economists polled by Reuters, comes at a time when the South Asian nation […]

The latest data from the euro zone is painting a cautiously optimistic picture for Europe’s economic landscape. According to a preliminary composite Purchasing Managers’ Index (PMI) compiled by S&P Global and reported by Reuters, business activity in the common currency bloc grew at its fastest pace in seven months in March. The composite PMI rose […]

In a landmark move aimed at stabilizing a pivotal ally in the Arab world, the European Union has unveiled a €7.4 billion aid package for Egypt. Announced on March 24, 2025, this multifaceted financial package—comprising both grants and loans—comes at a time when Egypt faces mounting economic pressures and regional instability. The initiative, set to […]