In a dramatic late-night session, the U.S. Senate Republicans have narrowly passed President Donald Trump’s colossal tax-cut and spending bill, setting the stage for a contentious final battle in the House of Representatives. The legislation, a cornerstone of the Trump administration’s economic agenda, aims to slash taxes, significantly reduce social safety net programs, and boost […]

The European Central Bank (ECB) finds itself navigating a precarious economic landscape, caught between a strengthening euro and the looming threat of punitive U.S. tariffs. At the ECB’s annual Forum on Central Banking in Sintra, Portugal, two prominent policymakers issued stark warnings on Tuesday, highlighting the potential “hit” from a further appreciation of the euro […]

The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed the “One Big Beautiful Bill Act” by President Donald Trump. This legislation is a cornerstone of the Trump administration’s agenda, aiming to reshape the nation’s fiscal policy through extensive tax breaks and significant cuts to […]

In a significant diplomatic and trade breakthrough, China on Friday officially signaled its approval for the export of critical rare earth minerals to the United States. This announcement came just hours after top White House officials confirmed that a deal had been struck, marking a crucial de-escalation following weeks of intense negotiations over US access […]

In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred to as the “central bank for central banks,” has issued a stark warning against stablecoins. In its highly anticipated 2025 annual economic report, the venerable institution paints a decidedly unflattering picture of these digital tokens, […]

In an era defined by persistent global uncertainties, from geopolitical flashpoints to shifting trade dynamics, India’s economy continues to stand out, demonstrating remarkable resilience across its diverse sectors. The latest Monthly Economic Bulletin for June 2025 from the Reserve Bank of India (RBI) paints a comprehensive picture of robust economic momentum. The central bank’s assessment […]

The financial landscape of the United Arab Emirates (UAE) continues to demonstrate remarkable strength and strategic foresight, as evidenced by the latest statistical bulletin from the Central Bank of the UAE (CBUAE). During the first quarter of 2025, the CBUAE significantly boosted its gold reserves by an impressive 19.3%, underscoring a deliberate move to reinforce […]

The International Monetary Fund (IMF) has sounded a clear alarm: escalating military action by the United States against Iran carries the serious risk of amplifying global economic uncertainty, with potential reverberations extending far beyond the immediate sphere of energy markets. Speaking to Bloomberg on Monday, June 23, 2025, IMF Managing Director Kristalina Georgieva emphasized that […]

A deepening crisis in the Middle East, fueled by recent US military strikes on Iran’s nuclear facilities, has brought the world to the brink of a potentially devastating economic shock. Iran’s renewed threat to close the Strait of Hormuz, one of the planet’s most vital maritime chokepoints, could send global oil and gas prices spiraling, […]

Benchmark Chicago Board of Trade (CBOT) wheat futures experienced a significant rally on Wednesday, surging by more than 4%. This sharp upward movement was primarily driven by mounting weather concerns impacting key growing regions in the United States and Europe, coupled with fresh signals of robust global export demand. The confluence of these factors triggered […]