Fed raises interest rates ahead of US midterms, Warsh calls it ‘right decision’
The decision taken by the apex bank has effectively put a stamp of acknowledgement on the Trump administration's inability to control inflation...
Category : Economy
China’s two-speed economy, record exports and a consumer who will not spend
Shipments are growing at 25% a year while retail sales barely move. Beijing now has a dedicated plan for the gap, but the fixes are slow...
Powered by oil boom, Nigerian economy expands at its fastest pace in five years
Real GDP grew 4.43% in the three months through June, accelerating from 3.89% in the Q1, according to the Nigeria's National Bureau of Statistics...
Geopolitical blues: Selling Dubai to the people who already live there
The UAE insists its tourism economy is on the mend amid the Iran war, but its incentive schemes, and its central bank tell a more complicated story...
US debt tops USD 40 trillion, Trump again calls for lower interest rates
In a headache for the White House, the debt, that was below USD 20 trillion in 2016, has more than doubled in roughly a decade...
Weak consumer demand, slumping investment drag on China’s economic growth
Retail sales rose just 0.6% year on year in July, slowing from 1% in June and missing the 1.5% increase that economists had expected...
Singapore doubles down on AI boom, raises forecast after Q2 GDP growth
In its second GDP upgrade of the year, Singapore's Ministry of Trade and Industry lifted its forecast to 4.5%-5.5%, from the previous range of 2%-4%...
AI offers lifeline to developing economies against weak growth, says World Bank
World Bank has urged countries to invest in power, connectivity and digital skills, warning the cost of delaying AI adoption could outweigh the risks...
Gibraltar-Spain: The last wall in continental Europe falls
The EU’s new biometric Entry-Exit System, which has been generating long queues at airports across the bloc since it went live, will not apply at the land border itself...
Amid USMCA uncertainties, Trump imposes fresh tariffs on 60 economies
While the new tariffs cover 99.4% of US imports, products like oil and gas, fertilizer, and certain food items have been excluded from the updated regime...