United States President Donald Trump announced Monday that any country engaging in commercial activity with Iran will face an immediate 25 percent tariff on all trade with the United States, dramatically escalating Washington’s economic pressure campaign against Tehran amid the largest anti-government demonstrations to convulse the Islamic Republic in years. “Effective immediately, any Country doing […]

The global economy is projected to grow by just 2.7% in 2026, marking a modest deceleration from the 2.8% estimated for 2025 and falling well short of the 3.2% pre-pandemic average that characterized the decade leading up to COVID-19, according to the United Nations’ World Economic Situation and Prospects 2026 report released on Thursday. The […]

The United States trade deficit collapsed to its lowest level in more than 16 years during October 2025, delivering a dramatic validation of President Donald Trump’s tariff-centric trade strategy while simultaneously raising questions about the sustainability and broader economic implications of this historic trade policy transformation. According to data released Thursday by the Department of […]

India’s economic trajectory continues to demonstrate resilience and momentum, with the National Statistics Office projecting that the country’s economy will grow at 7.4% in the fiscal year 2025/26, significantly exceeding the government’s initial projection range of 6.3%-6.8%. The forecast, released on Wednesday, January 7, 2026, marks a substantial acceleration from the 6.5% growth recorded in […]

Precious metals markets experienced a dramatic resurgence on Monday, January 6, 2026, as gold prices sprinted to more than a one-week high, edging closer to their record peak amid geopolitical turmoil sparked by the United States’ capture of Venezuelan President Nicolás Maduro over the weekend. The dramatic development sent shockwaves through global financial markets, triggering […]

The Organisation for Economic Cooperation and Development has finalised a landmark agreement on international corporate taxation, but the deal comes with a significant caveat that has drawn sharp criticism from tax transparency advocates: large US-based multinational corporations will be exempt from the 15 percent global minimum tax that the framework was designed to enforce. The […]

Saudi Arabia has entered a new phase in its ambitious digital transformation journey with the launch of the Hexagon Data Center in Riyadh, marking a strategic assertion of technological sovereignty and positioning the Kingdom as a formidable player in the global race for advanced digital infrastructure. Described as the world’s largest government data center and […]

The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%, but a deeply divided vote among its nine-member monetary policy committee (MPC) signals lingering concerns about persistent inflation and the uncertain path ahead for monetary policy. The quarter-point reduction from 4% to 3.75%, approved by […]

Vice Chairman of the Standing Committee of the National People’s Congress of the People’s Republic of China, Wang Dongming, has pledged China’s full support to the Government of Sri Lanka’s comprehensive efforts to rebuild lives and overcome the devastating challenges posed by Cyclone Ditwah, expressing confidence that the island nation will recover rapidly under the […]

Japan’s exports rose for a third straight month in November, government data showed on Wednesday, as shipments to the United States rebounded for the first time in eight months, bolstering the case for the central bank to continue raising interest rates in response to improving economic conditions and resilient external demand despite ongoing trade tensions […]