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World economy
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Tit for Tat: China slaps 125% duty on imports from US
12 Apr 2025
China on Friday announced a hike in import duty on US goods and services from 84 per cent to 125 per cent, effective Saturday (12 April 2025), after US President Donald Trump
Trump signs orders to revive U.S. coal industry amid rising energy demand
09 Apr 2025
In a move that underscores his commitment to traditional energy sectors, former President Donald Trump signed a series of executive orders Tuesday aimed at reviving the U.S. coal industry
China seeks compensation from Taiwan after navy ship collides with fishing trawler
By Cygnus | 04 Apr 2025
China has demanded compensation from Taiwan after a Taiwanese navy landing ship collided with a Chinese fishing trawler outside restricted waters last week.
ECB cuts rates by 25 bps, leaves little space for further cuts
10 Mar 2025
The European Central Bank (ECB) on Thursday announced a 25 basis point reduction in key policy interest rates, on the basis of inflation outlook in the Euro zone
Ukraine's mineral deal dead as Trump shows Zelenskyy the door after shout-out
02 Mar 2025
A billion-dollar meeting on a minerals-for-arms deal between US president Donald Trump and Ukrainian President Vladimir Zelenskyy at the White House’s Oval Office
Trump vows 25% tax on Canadian, Mexican goods, additional 10% on Chinese goods
28 Feb 2025
US President Donald Trump said on Thursday that he would move ahead with the proposed 25 per cent tax on all imports from Canada and Mexico beginning 4 March 2025
Ukraine announces minerals-for-arms deal with US
27 Feb 2025
Ukraine on Wednesday announced that it has reached a framework agreement with the United States on joint exploitation of its natural resources in return for arms to fight warring Russians.
Conservatives win as Germans vote for change
24 Feb 2025
A Conservative bloc led by Friedrich Merz of the Christian Democratic Union (CDU) and the CSU has won German Federal Election
Japanese PM Ishiba, Trump concur on keeping US Steel American
09 Feb 2025
Japanese Prime Minister Shigeru Ishiba and US President Donald Trump have agreed that US Steel Corporation will remain American
Trump, Zelenskyy mull arms for minerals deal: report
09 Feb 2025
Ukraine’s President Volodymyr Zelenskyy is reported to be open for a deal with US President Donald Trump that would allow the United States to exploit rare minerals in Ukraine
US Fed keeps policy rates unchanged, for now
30 Jan 2025
The US Federal Reserve has decided to keep its policy rates unchanged, as the central bank saw no need for an immediate reduction in interest rates.
Trump takes US out of climate pact, WHO as he takes oath as 47th US President
21 Jan 2025
Donald Trump took oath as the 47th president of the United States on Tuesday, vowing to deport millions of illegal immigrants
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
Oil edges upward, but ambiguity over sanctions restrains momentum
15 Jan 2025
Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers
Biden administration delays enforcement of order blocking Nippon Steel and U.S. Steel deal
By Axel Miller | 13 Jan 2025
The Biden administration has delayed enforcing its order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel until June
Supreme Court leaning toward supporting TikTok ban in the U.S. amid national security concerns
By Axel Miller | 11 Jan 2025
The United States Supreme Court signaled on Friday that it may uphold a controversial law mandating a ban or a forced sale of the popular short-video app TikTok by 19th January 2025.
At least 10 dead, as California wildfires burn down thousands of homes and over 17,500 hectares of forest
10 Jan 2025
Raging wildfires, the worst to hit Los Angeles, California devoured 13,750 hectares of forest, burned down about 10,000 homes and other structures
European business leaders criticize U.S. protectionism under Trump administration
By Axel Miller | 09 Jan 2025
European business leaders, including Airbus CEO Guillaume Faury, have expressed concerns about the rise in U.S. protectionist policies during the administration of former President Donald Trump
Russian gas supply to Europe via Ukraine halts as transit deal ends
01 Jan 2025
Russia has been forced to halt gas supplies to Europe as a five-year gas transit deal with Ukraine expired on 1 January 2025 and Kiev refused to extend it any further.
Russia claims its 'Kalinka' system can locate and disrupt Starlink signals
21 Dec 2024
Russia is reported to have developed a system that can locate, track and destroy signals from SpaceX’s Starlink satellites that helped Ukraine accurately locate and destroy Russian targets during the ongoing conflict.
US Fed cuts Federal funds rate by 0.25% despite high inflation
20 Dec 2024
The Federal Open Market Committee on Wednesday announced a 0.25 per cent reduction in the target interest rate, bringing the federal funds rate to 4.25-4.50 per cent
Australia enacts law to bar children up to 16 years from accessing social media
29 Nov 2024
Australia on Thursday announced the passage of a bill to ban social media use by children up to the age of 16, after the bill was passed by both houses of parliament.
Climate talks end with a blunt $300 bn deal; fossil fuels not going any soon
24 Nov 2024
The UN climate summit COP29 in Baku, Azerbaijan took an extra 33 hours to hammer out a deal on climate financing and save the annual summit from certain collapse.
Americans need minimum annual income of $107,700 to afford a house, says new study
20 Nov 2024
Housing prices in the United States have skyrocketed, reaching unsustainable levels at current income levels of Americans.
India and Russia: a strategic economic partnership
By Venkatachari Jagannathan | 20 Nov 2024
Russian President Vladimir Putin is expected to visit India soon while the exact dates have not been finalised.
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