In a stark warning that underscores the mounting financial toll of climate change, Moody’s Insurance Solutions has released a comprehensive analysis projecting that climate-related physical risks could devastate the global economy to the tune of $41.4 trillion by mid-century, representing a catastrophic 14.5% reduction in global GDP. This sobering forecast arrives as the world grapples […]

The United States federal government officially entered a complete shutdown at 12:01 a.m. Eastern Time on Wednesday, October 1, 2025, after congressional leaders from both major political parties and President Donald Trump failed to reach agreement on even a short-term funding measure to keep federal operations running past the end of the fiscal year. The […]

Britain’s economy delivered a resilient 0.3% growth in the second quarter of 2025, maintaining its position as the Group of Seven’s fastest-growing economy in the first half of the year, according to data released Tuesday by the Office for National Statistics (ONS). However, beneath this positive headline lurks a concerning development: the current account deficit […]

Global financial markets opened the week on a cautiously optimistic note, with equity indices across major economies registering gains and the U.S. dollar retreating, even as political uncertainty in Washington threatens to disrupt the world’s largest economy. American lawmakers find themselves in a familiar but increasingly precarious position—racing against time to secure a funding agreement […]