Economy
The United States and Europe could require an estimated $23.6 trillion in additional investment by 2050 to reduce their economic and technological dependence on China, according to recent economic analysis highlighting the scale of the challenge facing Western economies. The projected investment would......
The International Monetary Fund (IMF) has slightly lowered its global economic growth forecast for 2026, citing the impact of renewed geopolitical uncertainty while maintaining that stronger activity next year should offset much of the current slowdown. In its latest update to the World Economic Outlook......
Global air passenger traffic declined again in May 2026, marking a second consecutive monthly contraction, according to the latest data released by the International Air Transport Association (IATA). The downturn comes amid rising operational costs, geopolitical instability, and increasing ticket prices......
Central banks around the world are expected to gradually reduce the share of the US dollar in their foreign exchange reserves over the next decade, marking a significant shift in global reserve management strategies, according to a recent survey conducted by financial think tank OMFIF. The study suggests......
A coalition of leading financial and technology companies, including Visa, Mastercard, Coinbase, and more than 140 other partners, has announced the launch of a new US dollar-backed stablecoin designed to expand the use of digital assets in global commerce and cross-border payments. The new stablecoin,......
Global personal wealth experienced its strongest annual growth in years during 2025, with nearly one million people joining the ranks of millionaires as rising financial markets and stronger asset values fueled a sharp increase in household wealth, according to the latest UBS Global Wealth Report. The......
HSBC has warned that a sustained appreciation of the US dollar could become one of the most significant risks facing global financial markets during the second half of the year, potentially triggering sharp declines in higher-risk assets and reshaping investor strategies worldwide. In a recent research......
Global spending on fossil fuel subsidies is expected to rise again in 2026, reaching an estimated $1.1 trillion, according to a new United Nations report. The increase reflects growing government efforts to shield households and businesses from volatile energy prices amid continuing geopolitical tensions......
Global airlines are expected to face a significant increase in carbon compliance costs over the next decade as demand for carbon credits continues to outpace supply. Industry estimates suggest that cumulative spending on carbon offsets could exceed $127 billion between 2024 and 2035, placing growing......
The International Monetary Fund (IMF) has called on countries across the Middle East and North Africa (MENA) to seize the current period of global uncertainty as an opportunity to accelerate structural reforms and build stronger, more resilient economies. Speaking at the opening of the second annual......
Standard Chartered has expressed optimism about the outlook for global financial markets during the second half of 2026, predicting that risk assets could continue to benefit from improving economic conditions and resilient investor sentiment. According to the bank’s latest investment outlook,......
Global maritime transport costs have climbed to their highest level in two years, according to financial data cited by the Financial Times, reflecting growing pressure on international supply chains amid renewed trade uncertainty. Industry analysts report that freight rates have risen sharply on major......
The global economy continues to face significant downside risks despite the successful use of strategic oil reserves to limit recent spikes in energy prices, according to the International Monetary Fund's (IMF) Chief Economist, Pierre-Olivier Gourinchas. Speaking about the recent volatility in global......
