Economy

Global defence spending hit a record $2.72 trillion in 2024, marking the sharpest annual increase since 1988. More than 100 countries raised their defence budgets, with Europe, Asia, and the Middle…

The trade war between the US and China escalated fast this year. And just as quickly, both sides returned to the table. Over one weekend in Geneva, top officials from…

Oil prices are not likely to recover much as a significant surplus is looming on the market, according to analysts. Brent crude oil prices fell below $60 at the beginning of…

Over the past year, more than $1 billion in Venezuelan oil shipments to China has been relabeled as Brazilian crude by traders, according to tanker tracking firms, company documents, and…

President Donald Trump announced on Sunday evening that he would sign an executive order aimed at reducing prescription drug prices in the United States by linking them to prices paid…

Tensions between India and Pakistan continued to escalate for a third day after India’s retaliatory military operation, dubbed Operation Sindoor, following a terror attack in Pahalgam that killed 26 civilians.Late…

To accelerate the UK’s energy transition and efficiently increase capacity, King Charles III’s Crown Estate, owner of Britain’s seabed, has approved the expansion of high-density wind farms on existing seabed…

CoreWeave, the fast-growing US-based AI data centre company, is planning to raise at least $1.5 billion in fresh debt to refinance a portion of its sizeable liabilities and support further…

India is preparing to cut its average tariff differential with the US by nearly 9 percentage points—bringing it down from 13% to under 4%—in a major step toward securing exemptions…