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Economy



Vegetable prices surge in France as extreme weather drives annual inflation

French consumers are facing significantly higher vegetable prices this summer as adverse weather conditions across France and key European supplier countries continue to disrupt agricultural production, according to the latest annual market survey by consumer advocacy group Familles Rurales. The report......

Global trade continues to expand despite rising price pressures, UNCTAD says

Global trade maintained its growth momentum during the first half of 2026, supported largely by strong demand for high-technology products and services, according to the latest Global Trade Update published by the United Nations Conference on Trade and Development (UNCTAD). The report estimates that......

Bolivia moves closer to IMF financing package worth up to $2.8 billion

Bolivia is on the verge of securing a major financial support package from the International Monetary Fund (IMF), a development that could strengthen the country's foreign currency reserves and unlock additional funding from international lenders. Economy Minister Gabriel Espinoza said an agreement......

Kenya expects budget deficit to narrow to 3.6% of GDP in 2027/28 fiscal year

Kenya expects its budget deficit to decline significantly in the 2027/28 fiscal year, as the government projects improved fiscal management and stronger economic performance, according to a senior official from the Finance Ministry. Chris Kiptoo, Principal Secretary at the Finance Ministry, said the......

United States prepares broader tariff strategy as new trade measures take effect

The United States is preparing to expand its tariff strategy by introducing new import duties targeting several of its major trading partners, signaling that higher tariffs are set to remain a central feature of the country's trade policy. The expected announcement follows the implementation of......

Imagicaaworld plans $104 million expansion as India’s experience economy accelerates

Indian entertainment park operator Imagicaaworld Entertainment is planning a major expansion programme worth up to 10 billion rupees ($103.6 million) over the next five to six years, as the company seeks to capitalize on growing demand for leisure and experience-based activities across the country. The......

UK house prices rise 2.7% annually as rental growth remains steady, ONS data shows

House prices across the United Kingdom increased by 2.7% in the year to May 2026, according to new data from the Office for National Statistics (ONS), indicating continued growth in the property market despite ongoing affordability pressures. The annual increase followed a revised 3.9% rise recorded......

Britain to cap bus fares at £2 as Prime Minister Andy Burnham targets living costs

Britain's new Prime Minister, Andy Burnham, has announced a nationwide plan to cap the price of single bus tickets at £2 from January 2027, marking one of the first major affordability measures of his new administration. The initiative is designed to reduce everyday transport costs for millions......

IEA Releases 290 Million Barrels From Strategic Reserves To Stabilize Global Oil Markets

The International Energy Agency (IEA) has reported that its member countries have released approximately 290 million barrels of oil from strategic reserves as part of an emergency response aimed at easing pressure on global energy markets. The move comes amid heightened geopolitical uncertainty and......

JPMorgan CEO warns investors may be underestimating growing risks in global markets

JPMorgan Chase CEO Jamie Dimon has warned that investors may be overlooking a number of risks that could threaten financial market stability, arguing that current asset valuations do not fully reflect growing geopolitical and economic uncertainty. Dimon said he does not currently see U.S. stocks or......

London Stock Exchange prepares 24-hour trading platform to meet global demand

The London Stock Exchange is preparing to expand its trading hours with the launch of a new platform designed to give investors greater access to financial markets outside traditional session times. The new service, known as LSE 24, is expected to allow trading from 5:00 p.m. until 7:50 a.m. London......

Washington signals possible new tariff measures against dozens of countries

The United States is preparing for the possibility of a new round of tariffs targeting several trading partners, raising concerns that global trade tensions could intensify under President Donald Trump’s administration. U.S. Trade Representative Jamieson Greer indicated that new trade measures......

Canada and US agree to intensify trade talks after Trump tariff warning

Canadian Prime Minister Mark Carney said he and US President Donald Trump have agreed to accelerate trade negotiations following renewed tariff tensions between the two countries. The discussions come as Ottawa seeks to prevent further trade disruptions while keeping diplomatic channels open with its......

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