Economy

Iran’s economy is barely holding together. In fact, it was collapsing before the war even began.As missile strikes with Israel escalate, and global tensions keep rising, a question gets overlooked.…

The UK’s high-speed rail project HS2 will not meet its scheduled 2033 completion date or stay within budget, Transport Secretary Heidi Alexander told Parliament on Tuesday, citing systemic failures, mismanagement,…

US markets closed largely unchanged on Wednesday after the US Federal Reserve kept interest rates unchanged. The central bank opted to maintain its benchmark interest rate at its current level,…

Nippon Steel’s CEO stated on Thursday that the US government’s golden share in US Steel will not impede the Japanese steelmaker from taking any management actions it deems appropriate.Confirming the…

Hong Kong stocks tumbled sharply on Thursday as rising geopolitical tensions in the Middle East and the US Federal Reserve’s cautious stance on interest rates triggered a wave of risk…

The Switzerland National Bank (SNB) cut interest rates by 25 basis points to 0% on Thursday, deepening its dovish stance amid renewed concerns over deflation and persistent strength in the…

The World Bank has reported that foreign direct investment (FDI) flows into developing economies plummeted to $435 billion in 2023, marking the lowest level since 2005.This alarming decline, detailed in…

With growing momentum to bridge the gap between traditional banking systems and the world of cryptocurrencies, global stablecoin adoption is at an inflection point.According to the World Economic Forum, stablecoin…

The International Energy Agency (IEA) announced on Tuesday that global oil demand is projected to continue increasing until approximately 2030. Demand growth is anticipated even with China, the leading oil importer,…