Economy
The currency of South Africa weakened slightly as investors reacted cautiously to ongoing geopolitical uncertainty and assessed key domestic economic indicators. The South African rand came under pressure as doubts persisted over the durability of a fragile ceasefire in the Middle East involving the......
U.S. stock markets posted sharp gains Wednesday, their strongest session in a year, after the United States and Iran agreed to a two-week ceasefire. The truce raised hopes of easing an oil shortage that had stalled the economy. The Dow Jones Industrial Average climbed 1,325 points, or 2.85 percent. The......
The World Bank has cautioned that risks surrounding India’s projected economic growth remain tilted to the downside, despite a generally stable macroeconomic environment. India’s economy is expected to grow by around 6.6% in the 2026–2027 fiscal year, maintaining its position among......
Economic prospects for the Western Balkans are expected to strengthen in the coming years, supported by rising exports and increased public investment, according to projections from the World Bank. The region—comprising Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and......
Emerging and developing economies across Europe and Central Asia are expected to experience slower growth this year, according to a new assessment by the World Bank. The report highlights the impact of rising energy prices, driven in part by geopolitical tensions in the Middle East, which have disrupted......
Türkiye’s main stock index posted a strong recovery at midweek, reflecting renewed investor confidence after a previous session marked by losses. On Wednesday morning, the benchmark BIST 100 index opened at 13,353.43 points, recording a notable increase of 3.34%, equivalent to a gain of 431.87......
Spanish Prime Minister Pedro Sánchez is scheduled to visit China from April 11 to April 15, according to official announcements. The trip marks another step in Spain’s efforts to reinforce its relationship with one of the world’s leading economic powers. This will be Sánchez’s......
Finance ministers from Germany, Italy, Spain, Portugal, and Austria have urged the European Commission to introduce an EU-wide windfall tax on energy companies, as fuel prices surge בעקבות geopolitical tensions. In a joint letter dated April 3 and addressed to climate commissioner Wopke Hoekstra,......
ING, the largest Dutch bank by total assets, announced Tuesday it had terminated its agreement to sell its Russian subsidiary to Moscow-based Global Development JSC, more than 14 months after the deal was first announced. The bank said there was "no realistic prospect" that the buyer would......
Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly......
As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable......
Tesla registered 11,134 vehicles in South Korea in March, a 330% increase compared to the same month last year, according to data from market research firm Carisyou cited by Reuters. The result makes Tesla the first imported automotive brand ever to exceed 10,000 monthly sales in the country, a milestone......
Ruchir Sharma, chairman of Rockefeller International, warned this weekend that the world has never entered a crisis carrying such a heavy debt burden, leaving the United States, despite being the world's largest oil producer, particularly exposed to the energy shock triggered by the Iran war. In......
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