Economy

Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens…

China looked unstoppable a decade ago. Its economy roared. Cities grew. Factories churned.A familiar story was told that China would overtake the US and a new world order would begin.But…

Indian refiners may find it difficult to replace Russian crude oil volumes completely, which is likely to drive up crude prices, according to Commerzbank AG. US President Donald Trump of the…

When President Vladimir Putin launched the full-scale invasion of Ukraine in early 2022, most Western analysts predicted swift economic collapse. Sanctions were sweeping. Companies were fleeing. Russian banks were cut off…

North America’s UAV (drone) market is undergoing a rapid transformation, fuelled by breakthroughs in AI, autonomous flight, and regulatory shifts aimed at reducing dependence on Chinese technology.In a bold move…

The US Fed meeting is all set to begin on Tuesday, and investors are certain that the central bank will keep the federal funds rate unchanged in the 4.25% to…

President Donald Trump said Tuesday that India could be subject to tariffs ranging between 20% and 25% as the US moves toward imposing reciprocal levies on trading partners who have…

Three vessels chartered by India’s Nayara Energy have sought to terminate their contracts, pressured by EU sanctions imposed on the Russian-owned refiner, according to a Reuters report on Wednesday. Nayara Energy,…

For two years, the American consumer has carried the economy. Even with interest rates at their highest level in two decades, spending kept climbing, job losses never came, and talk…