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Economy
India outpaces China, Europe to emerge with strongest growth outlook globally: WEF survey
India’s growth outlook has strengthened sharply even as China’s prospects weaken and Europe remains subdued, making it the strongest growth story in the latest WEF chief economists’ survey. India has emerged as the global growth standout,…
Hong Kong’s Democratic Spirit Under Siege: Beijing’s Iron Grip and the Looming Economic Fallout
Hong Kong, once hailed as Asia’s most vibrant financial hub and a symbol of freedom, is now enduring an unprecedented assault on its democratic foundations. Since the imposition of the National Security Law in 2020, the Chinese Communist…
US interest rates raised for first time in three years
US interest rates have been raised for the first time in more than three years and could be increased further in a bid to slow rising prices.
Rates were hiked to 3.75%-4% from 3.5%-3.75% by the Federal Reserve in a unanimous decision,…
Global oil prices hit $101 per barrel as US-Iran tensions escalate in Middle East
Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.
Brent crude, the global oil benchmark, rose 3.36% Wednesday and settled at $101.21 per barrel. It…
Oil prices near $100 as fresh Middle East strikes raise supply risks
Oil prices jumped for the fourth straight session, gaining more than $1 in early trade on Wednesday after Iran launched fresh attacks on U.S. military assets in the Gulf as the war between Washington and Tehran continued to spill out across…
Oil prices rise after US, Iran trade fire in Strait of Hormuz
Oil prices have extended their gains as renewed strikes between the US and Iran on ships transiting the Strait of Hormuz raise concerns of prolonged supply disruptions, according to Reuters.
Brent crude futures climbed 0.54 percent to…
IMF team to visit Sri Lanka next week for EFF review and Article IV talks
An International Monetary Fund (IMF) staff team will visit Sri Lanka from September 10 to 23 to hold discussions with government authorities on the combined Seventh Review of the Extended Fund Facility (EFF) programme and the 2026 Article…
Nepal flood losses estimated at $2.56 billion, official says
Property, housing and infrastructure worth at least 387.5 billion Nepalese rupees ($2.56 billion) was lost in Nepal's catastrophic floods last week, the country's disaster authority chief told Reuters on Friday.
In the first four…
Trump renames Lake Ontario as ‘Lake America’ amid Canada trade war
U.S. President Donald Trump renamed Lake Ontario "Lake America" on Thursday, escalating a feud with Canada that has already spawned tariffs on tens of billions of dollars in cross-border trade.
Trump's executive order on Lake Ontario,…
How UPI becomes an instrument of India’s digital infrastructure diplomacy
"UPI transactions have witnessed rapid growth over the past five years, while 12 countries have adopted India’s digital payment system. How has this massive operating scale laid the ground for India’s emerging digital infrastructure…