In a monumental development for the Indian economy, S&P Global Ratings has officially upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-“. This significant revision, which also saw the short-term ratings rise to ‘A-2’ from ‘A-3’, reflects a powerful endorsement of India’s sustained economic resilience and prudent fiscal management. The outlook on the […]

A recent report by Bank of Baroda has brought into sharp focus the complex dynamics of the global energy market, suggesting that while the global economy could face significant headwinds from a potential full embargo on Russian oil exports, India’s direct exposure remains surprisingly limited. The analysis estimates that India’s additional oil import expenditure would […]

The Organization of the Petroleum Exporting Countries (OPEC) has slightly increased its global oil demand forecast for 2026, expecting a tighter market amid economic momentum that is projected to continue next year. Demand for crude is now expected to grow by 1.4 million barrels per day (bpd), a slight upward revision from its previous forecast. […]

In a move that has brought a temporary sigh of relief to global markets and supply chains, the United States and China have once again extended their tariff truce. U.S. President Donald Trump, via his social media platform Truth Social, announced an executive order suspending the imposition of higher duties for another 90 days, until […]

The Bank of England has announced its fifth consecutive interest rate cut in a year, lowering the base rate from 4.25% to 4%. This decision, announced on a Thursday, marks a significant moment for the UK economy, signaling a shift in the central bank’s focus from taming inflation to stimulating growth. For millions of households, […]

In a significant revision to its economic outlook, J.P. Morgan now expects the U.S. Federal Reserve to cut interest rates at its September meeting. This new forecast, which brings the anticipated action forward by several months, is a direct response to recent shifts in both the economic and political spheres. The brokerage had previously predicted […]

The first half of 2025 has delivered a stark wake-up call to the global insurance industry. According to preliminary estimates from the Swiss Re Institute, global insured losses from natural catastrophes hit an unprecedented $80 billion. This figure nearly doubles the 10-year average and serves as a powerful indicator of the escalating risks posed by […]

In a significant development for global commerce, a 15% tariff has been formally applied to a wide array of European Union goods entering the United States. This move, confirmed by a senior EU official on Tuesday, marks a crucial juncture in the often-strained trade relationship between the two economic powerhouses. Unlike more selective agreements Washington […]

The European Commission has officially launched a comprehensive public consultation and call for evidence for its eagerly anticipated Circular Economy Act. This pivotal initiative marks a significant stride in the European Union’s ambitious journey towards a more sustainable, resilient, and competitive future. With feedback open until November 2025, the EU is inviting a broad spectrum […]

The influential OPEC+ alliance has announced a significant decision to increase its collective oil production by 547,000 barrels per day (bpd) in September. This move, confirmed in a statement released on Sunday, signals the group’s confidence in improved global economic prospects and what it describes as “stable market fundamentals.” The decision marks the final stage […]