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,...
Global economy slows as Iran war energy shock drives inflation surge
Delivery times and output prices hit their highest levels since the post-COVID supply chain snarls and inflation wave peaked around...
Despite 0.5% growth, twin reports anticipate recession for UK economy
As per Deloitte, confidence among chief financial officers dropped to a net -57% in late March, down from -13% in...
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker...