India’s largest refiner has executed a strategic pivot in its crude oil sourcing strategy, purchasing approximately 7 million barrels of crude for March delivery from suppliers across Africa, the Middle East, and Latin America. This significant transaction by Indian Oil Corporation marks the latest chapter in India’s accelerating shift away from Russian oil supplies, driven […]

Turkey’s Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its benchmark interest rate on Thursday, lowering the one-week repo rate to 37% in its first policy meeting of 2026 and marking the fifth consecutive easing move since the bank resumed its rate-cutting cycle last summer. […]

US Treasury Secretary Scott Bessent has identified Taiwan’s overwhelming dominance in advanced semiconductor manufacturing as the gravest single threat to the global economy, warning that any disruption to the island’s production capabilities would trigger catastrophic consequences that could destabilize international commerce and national security across the developed world. Speaking at the World Economic Forum in […]

President Donald Trump is expected to meet with global business leaders during a high-stakes visit to Davos on Wednesday, as his controversial demands regarding Greenland and accompanying tariff threats cast a shadow over the World Economic Forum’s annual gathering in the Swiss Alps. Business leaders from financial services, cryptocurrency, and consulting sectors have been invited […]

The World Economic Forum began its 56th Annual Meeting in Davos, Switzerland on January 19, 2026, launching discussions under the theme “A Spirit of Dialogue” at a moment when global cooperation faces severe tests from geopolitical conflicts, supply-chain realignments, and sharply diverging economic policies among major economies. The annual gathering of approximately 3,000 cross-sector leaders […]

Ukrainian President Volodymyr Zelensky has declared a state of emergency for Ukraine’s energy sector as temperatures plummeted to minus 20 degrees Celsius in Kyiv and ongoing Russian missile and drone attacks continue to devastate the nation’s critical infrastructure. The declaration comes as hundreds of thousands of residents across the capital and beyond endure prolonged periods […]

The European Union has officially removed South Africa from its list of “High-Risk Third Country Jurisdictions,” marking a significant milestone in the nation’s efforts to rehabilitate its financial compliance reputation and restore international confidence in its anti-money laundering and counter-terrorism financing frameworks. The decision, published on January 9, 2026, will take effect on January 29, […]

The Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell has intensified debate among global investors about the need to diversify portfolios beyond United States assets, as concerns mount over the ongoing independence of the central bank and broader American institutional stability. While many market participants view the probe as political theater likely […]

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 […]