Latest Articles
Egypt–UAE Trade Surges 475% to $9.68bn in 2025 as Ministers Deepen Investment Ties
Bilateral trade jumped from $3.68bn in 2021 to $9.68bn in 2025, with Egyptian exports to the UAE soaring to $6.99bn. Min...
China’s Services Trade Grows 8.3% in H1 2026, with Travel and IP Exports Surging
China’s services imports and exports hit nearly 3.78 trillion yuan in the first half of 2026. Travel services exports ju...
Bulgaria Leads EU in Services Output Growth, Posts 8.1% Surge in May
Bulgaria’s services production grew 8.1% year-on-year in May, the fastest in the EU, far outpacing the bloc’s average of...
Bulgaria's Economy Has Grown Three Times Faster Than the EU Since 2007, Doubling Its Share
Eurostat data shows Bulgaria's GDP jumped 257% from 2007 to 2025, dwarfing the EU's 74% growth and doubling its share of...
US Payrolls Shock Crushes September Rate Hike Odds, Sends Dollar Tumbling
A much weaker than expected US nonfarm payrolls report slashed market-implied odds of a Fed rate hike in September, send...
Parliamentary Panel Urges Swift India-US Trade Deal, Exemption for Generic Drugs and Smartphones
A Rajya Sabha committee wants the government to quickly seal a bilateral trade pact with the US that grants blanket tari...
India's Union Budget 2026: Key Takeaways for Economy and Citizens
The 2026 Union Budget prioritises manufacturing, MSMEs and infrastructure, sets a fiscal deficit target of 4.6% of GDP, ...
Record-Low SOI Signals 'Very Strong' El Niño, Threatening African Economies
The Southern Oscillation Index sank to its lowest July level in four decades, raising the likelihood of an El Niño as se...
African Sovereign Bond Issuance Surges 70% in 2026 as Demand Defies Iran Fears
Citibank says it has helped African governments raise $6.2bn in debt so far this year, 70% more than in 2025. Improving ...
PM Takaichi Pledges Two-Year Food Tax Holiday, Stands Firm on Non-Nuclear Principles
Prime Minister Sanae Takaichi announces a plan to slash food consumption tax to near zero for two years, paired with a n...
Fed's Cook Warns She's Prepared to Hike Rates if Inflation Stays High
Federal Reserve Governor Lisa Cook said inflation at 3.7% is far above target and the balance of risks has shifted towar...
ISM Services PMI Rises to 54.1 in July as Business Activity Jumps, Employment Weakens
The ISM Services PMI edged up to 54.1 in July, marking a 25th straight month of expansion, as business activity surged a...
U.S. Services Sector Growth Accelerates Slightly in July, ISM Data Shows
The ISM Services PMI inched up to 54.1, marking 25 months of expansion. Business activity and new orders surged, but emp...
Russia’s Weekly Deflation Returns as Gasoline and Food Prices Dip, Annual Inflation at 6.13%
A 0.02% weekly drop in consumer prices—the first since May—offered temporary relief, but year-on-year inflation accelera...
Russia to Allow Broader Tax Deductions for Corporate Defense Spending
The Ministry of Finance is reviewing whether companies can deduct certain defense-related costs from their taxable profi...
Healey’s Defence Funding Gap: The Chancellor’s Fiscal Tightrope
As chancellor, John Healey must find an extra £1.2bn a year to meet interim defence spending targets he long demanded—wi...
Rare Earths Could Add R$192 Billion to Brazil’s GDP and Create 750,000 Jobs by 2050, Says Amcham Study
Foreign investment and onshore processing would unlock an extra R$63.4 billion in GDP, with industrial states reaping th...
Lula Government Weighs Scrapping CNPJ and Invoice Rules for Nanoentrepreneurs
The Brazilian administration is reconsidering a decree that forced nanoentrepreneurs—informal workers earning up to R$40...
China's H1 2026 Trade Boom: AI Chips and Precious Metals Mask Strong Organic Growth
China’s imports and exports surged 21.2% in the first half of 2026, with most of the gain from soaring prices for AI har...
Bulgaria Reports EU’s Fastest Annual Producer Price Surge at 18.2% in June
Producer prices in Bulgaria jumped 18.2% year-on-year in June, nearly four times the EU average, even as monthly figures...
French Economists Propose Broader Income Tax Base and Flat Withholding Rate to Fix Public Finances
Guillaume Allègre and Xavier Timbeau argue France must tax currently exempt revenues to fund growing climate and demogra...
Argentina’s BCRA Reserves Top US$50bn for First Time Since 2019—But the Real Driver Is Gold, Not Dollars
Gross international reserves surged past US$50bn under President Milei, propelled by a 4% gold price jump. A mere US$8m ...
Luxury CEO and Treasury Say the K-Shaped Economy Is Over, but the Data Tells a Different Story
Hilton’s CEO and Treasury Secretary Bessent claim the gap between rich and poor is narrowing into a ‘C-shaped’ recovery,...
Eurostat: Minimum Wages Stagnate Across Europe as Inflation Cuts Real Pay
Only eight of 29 European countries raised nominal minimum wages in the first half of 2026, while eurozone inflation hit...
Bosnia Credit Rating Held at B+ by S&P, but Election Spending Seen Widening Deficit
S&P Global Ratings affirmed Bosnia’s B+ sovereign rating with a stable outlook, yet warned that pre-election handouts co...
RBI Keeps Repo Rate Unchanged at 5.25%, Neutral Stance in August Review
India's central bank holds rates for the fifth consecutive meeting as inflation breaches the 4% target for the first tim...
Japan’s Minimum Wage ‘Chicken Race’ Fades as Central Council Calls for Realism
After prefectures vied to avoid the shame of being the lowest-paying, leading to oversized hikes and delayed enforcement...
Tanzania’s Mining Boom Lifts GDP Share to 10.3% as Gold Exports Soar to $4.7bn
Record gold prices and a pipeline of critical mineral projects have propelled mining past tourism to become Tanzania’s l...
UN Food Agency Warns: War, Oil, Fertilizers and El Niño Set to Spark New Inflation Spike
FAO chief economist Máximo Torero says the convergence of the Iran-Israel conflict, the Ukraine war, climbing energy and...
Brazil Cuts Selic Rate to 14% in Fourth Straight Move, Warns of Global Risks
Brazil's central bank trimmed its benchmark interest rate by a quarter-point to 14%, the lowest in over a year, but caut...