The global economy is confronting an unprecedented debt crisis as total worldwide debt has surged to a record-breaking $337.7 trillion at the end of the second quarter, according to a bombshell report released Thursday by the Institute of International Finance (IIF). This staggering increase of over $21 trillion in just six months represents a debt […]

China announced groundbreaking climate commitments on Wednesday, pledging to cut greenhouse gas emissions by 7-10% from peak levels by 2035, marking the first time the world’s largest emitter has committed to absolute emission reductions rather than merely limiting growth. The announcement came during a UN climate summit that highlighted the stark divergence in global climate […]

Russia’s finance ministry announced Wednesday its proposal to raise the value-added tax rate to 22% from 20% beginning in 2026, marking a desperate attempt to finance military expenditures as the war in Ukraine enters its fourth year. The tax increase represents the most significant fiscal adjustment since the conflict began, exposing the mounting financial pressure […]

France’s economy is experiencing its most severe contraction in five months, with both manufacturing and services sectors declining sharply in September 2025, according to the latest S&P Global Purchasing Managers’ Index (PMI) data released on Tuesday. The deterioration marks a sobering end to what had appeared to be tentative stabilization over the summer months, raising […]

President Donald Trump has enacted one of the most dramatic overhauls of American immigration policy in decades, signing two executive orders on Friday that fundamentally transform how the United States approaches both skilled worker visas and high-net-worth immigration. The sweeping changes impose a $100,000 application fee on H-1B visas while simultaneously launching the “Trump Gold […]

Gulf Cooperation Council central banks moved swiftly to cut their key interest rates on Wednesday, following the Federal Reserve’s decision to lower U.S. interest rates by 25 basis points for the first time this year. The coordinated monetary policy response reflects the region’s currency pegging mechanisms and underscores the strategic importance of maintaining competitive borrowing […]

The Federal Reserve announced its first interest rate reduction of 2025 on Wednesday, cutting its benchmark rate by a quarter percentage point to a range of 4.00%-4.25% as growing concerns about labor market weakness took precedence over persistent inflation challenges, marking a significant shift in monetary policy direction amid unprecedented political pressure. The decision, which […]

The U.S. dollar tumbled to its lowest levels in over two months against major currencies on Tuesday, as investors positioned for the Federal Reserve’s first interest rate cut of 2025 scheduled for Wednesday’s policy meeting. The dollar index fell to 97.121, marking its weakest performance since July 7, as markets priced in a 25 basis […]

In a landmark announcement that signals Britain’s emergence as a global AI powerhouse, Google has unveiled its £5 billion investment in the UK’s digital infrastructure, officially opening its state-of-the-art data centre in Waltham Cross, Hertfordshire, today. The facility, inaugurated by Chancellor Rachel Reeves, represents far more than just another tech investment – it’s a strategic […]

China’s economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and Beijing’s campaign against industrial overcapacity curbed output. The disappointing data released Monday by the National Bureau of Statistics underscores the mounting challenges facing the world’s second-largest economy as it struggles to reignite growth momentum. One […]