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Economy – Latest & Breaking Updates
Get the inside scoop on the global economy with the latest news and analysis from experts in the field. Keep up to date on financial markets, economic trends, government policies, and more. Find the insights you need to make smart decisions in the ever-changing economy.
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Business
Fed rate cut signals deepening Economic slowdown and labor market concerns
New York — The Federal Reserve on September 17, 2025, announced a Fed rate cut, reducing its benchmark interest rates by a quarter percentage...
Economy
Trump pressures EU to join reckless tariff war against China and India to hurt Russia
Brussels — US President Donald Trump has urged the European Union to impose tariffs of up to 100 percent on imports from China and...
OPEC+ modest oil hike exposes West hypocrisy while Russia supply fears...
Singapore — Oil prices inched higher on Tuesday after OPEC+ approved a modest production increase, a carefully calibrated move that signaled the group’s intent...
China parade highlights perils of Trump’s reckless trade war
Beijing — China staged a sweeping military parade this week to mark the 80th anniversary of the end of World War II, a show...
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India rejects US accusations of being a ‘laundromat’ for Russian oil,...
New Delhi — India’s oil minister Hardeep Singh Puri has strongly rejected accusations from Washington that New Delhi is turning itself into a "laundromat"...
ECB chief Christine Lagarde warns of ‘very serious danger’ if Trump...
Frankfurt — European Central Bank chief Christine Lagarde delivered a stark warning on Monday, cautioning that US President Donald Trump’s repeated attacks on the...
SCO and BRICS emerge as counterweights to Western unilateralism
Tianjin — Iran’s defense minister, Amir Aziz Nasirzadeh, declared on Monday that global blocs such as the Shanghai Cooperation Organization (SCO) and BRICS have...
Trump’s tariff fiasco ruled illegal, America’s double standards exposed
Washington — A federal appeals court has ruled that Donald Trump’s sweeping tariff measures were unlawful, delivering a damning rebuke to the former president’s...
Hungary says EU’s Ukraine policy has cost the country over €22.5...
Budapest — Hungary’s government said that the Ukraine conflict and the European Union’s rigid sanctions policies have inflicted staggering economic losses on the country,...
Egypt signs $340 million oil and gas exploration deals with global...
Cairo — Egypt has signed four oil and gas exploration agreements worth more than $340 million, marking a renewed push to revive its struggling...
Russian president Putin says BRICS is cornerstone of new global architecture
Moscow — Russian President Vladimir Putin declared that BRICS has become a defining pillar of the modern global architecture, challenging the supremacy of Western...
U.S. tariffs on steel and aluminum imports trigger global ripple effects
Washington, D.C., August 21, 2025 — In a sweeping escalation of protectionist trade policy, President Donald Trump's administration has announced a 50% tariff on...
Norway’s wealth fund expels Caterpillar and five Israeli banks for aiding...
Oslo — Norway’s sovereign wealth fund, the world’s largest with assets exceeding $1.6 trillion, announced Monday that it has excluded US heavy equipment giant...
Trump weaponizes tariffs to bend EU, shattering Europe’s rules-based trade stance
Brussels — Europe has long styled itself as the last champion of global rules-based trade. But the new deal struck with the United States...
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Just In
Fed rate cut signals deepening Economic slowdown and labor market concerns
New York — The Federal Reserve on September 17, 2025, announced a Fed rate cut, reducing its benchmark interest rates by a quarter percentage...
Flying cars collide mid-air at China’s Changchun airshow rehearsal
Changchun, Jilin Province — Two flying cars collided during a rehearsal for the Changchun Airshow in China on Tuesday, leaving one pilot injured and...
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