Fed keeps rates unchanged, Warsh to review central bank’s “working pattern”
With inflation running at an above-target 3.8% and uncertainty surrounding the Iran deal, Fed's rate-setting committee unanimously decided to keep...
Saudi Arabia’s nominal GDP rises 6.3% in Q1 2026, finds report
Inflationary conditions within the Saudi economy remained stable, with the Consumer Price Index (CPI) remaining at 1.7% in April 2026...
South Africa to meet fiscal targets despite Iran war, says government
National Treasury Director-General Duncan Pieterse said there have been significant improvements in debt management and fiscal discipline...
Hong Kong surpasses Switzerland, becomes top cross-border wealth hub
Wealth from China and an IPO boom in 2025 helped Hong Kong rise to a USD 2.95 trillion offshore behemoth...
China witnesses growth loss due to Iran war disruptions
China's factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in...
Iran war shoots up global food prices at their three-year high
The FAO's April index rose to its highest since July 2022 as a result of the increased prices of soy,...