Economy

China is considering allowing yuan-backed stablecoins for the first time in a move aimed at boosting international adoption of its currency, Reuters reported citing people familiar with the matter. The…

Australia’s economy looks very conflicting on paper. The headline economy feels slow. Interest rates have come down and markets are expecting a more favorable environment.National indicators point to soft momentum…

Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1%…

The world’s biggest tech companies are tearing up the rulebook in their pursuit of AI. Energy, infrastructure, talent. It’s about who gets there first.What started as a race to build…

Brent crude prices remained largely unchanged over the past fortnight, hovering between $65 and $66 per barrel, as anticipation of Russian oil re-entering global markets due to ongoing Russia-Ukraine peace…

Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. The disruption in supply was attributed to a Ukrainian drone strike…

A nasty summer surprise has dealt a significant blow to the UK economy, as official data revealed on Wednesday. UK inflation unexpectedly accelerated in July, stoking fresh fears about the…

The US economy is sending mixed signals. Growth has slowed, job creation has weakened, yet prices keep rising in stubborn ways. Consumers feel squeezed, investors are riding a stock market…

To boost the competitiveness of its cotton sector, India has exempted import duties on cotton. This measure, effective from August 19 to September 30, addresses a key demand from industry…