The Strait of Hormuz is a narrow waterway crucial for global oil transport, handling about 20% of the world's supply. Its strategic location makes it a geopolitical flashpoint, impacting energy security and international trade.
Economist Peter Schiff argues China's efforts to internationalize the yuan through currency swaps, oil trade, and payment systems mark a strategic shift away from dollar dependence, potentially reshaping global finance.
Asian equities traded mixed on Wednesday with tech losses weighing on sentiment. Hong Kong and Japan declined, while South Korea's Kospi rose. Gold and silver prices rebounded sharply amid safe-haven demand.
Key economic indicators like stock markets, consumer spending, and debt levels, traditionally reliable for forecasting, are now proving deeply fallible, creating uncertainty in global economic predictions.
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As global economic volatility rises, India must enhance State capability to drive manufacturing-led growth, navigating fragmentation for sustainable development.
Experts warn that traditional warning signals for the global economy are malfunctioning, creating uncertainty and risks for policymakers and markets worldwide.
World Population Review reveals top 10 billionaire countries for 2026. United States dominates with 902 billionaires, China follows with 450, India ranks third with 205 billionaires. Analysis of wealth sources and key figures.
Nisha Biswal, Deputy CEO of the US International Development Finance Corporation, discusses India's strategic economic pivot towards the West, emphasizing trade deals and partnerships.
A new report reveals 72% of US workers now rely on secondary income, driven by inflation and financial pressures, transforming side hustles from supplements to essential components of modern employment.
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Explore the latest IMF projections for 2026, revealing the top 10 countries by nominal GDP. India is set to surpass Japan, securing the fourth-largest economy globally with a $4.51 trillion GDP.
Asian stock markets opened February on a weaker note with Hong Kong, Shanghai, and South Korea leading declines. Gold and silver extended losses while the dollar strengthened. Global sentiment remains muted ahead of key central bank decisions and US data.
China's engineering-focused approach helped it overcome US tariffs and achieve record trade surplus. India can learn from China's scale, infrastructure, and import strategy while maintaining its consumption-led growth model.
OPEC and allies led by Saudi Arabia and Russia extend crude oil production pause through March amid Iran tensions and market volatility, deferring post-quarter strategy decisions.
The IMF projects India's economy to outpace the United States in global growth contributions for 2026, sparking reactions from tech mogul Elon Musk and highlighting India's rising economic prominence on the world stage.
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Indian rupee, Pakistani rupee, and Philippine peso trading near multi-year lows against UAE dirham create favorable remittance conditions for expatriates in UAE. Experts advise strategic timing and partial transfers.
The United Arab Emirates achieves historic milestone with non-oil foreign trade exceeding $1 trillion in 2025, reaching economic targets set for 2031 five years ahead of schedule.
The UAE-Kuwait Economic Forum will convene to discuss enhancing trade and investment relations between the two Gulf nations, focusing on economic cooperation and regional growth.
Fitch Ratings warns that escalating geopolitical tensions could significantly increase credit risks for emerging markets by 2026, impacting global economic stability.
Prime Minister Shehbaz Sharif expressed deep shame over Pakistan's reliance on foreign loans, highlighting the burden on national honor while detailing crucial support from allies like China and Saudi Arabia.
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Elon Musk highlights China and India as key drivers of global economic growth, contributing 43% to the world's expansion. He emphasizes the shifting balance of power towards these nations.
The UAE has announced reduced fuel prices for February 2026, with all petrol variants and diesel seeing slight decreases effective from February 1, offering modest relief to motorists.
China's manufacturing PMI fell to 49.3 in January, below expansion threshold, reflecting weak domestic demand and seasonal factors as economy faces consumer slump.
Emerging market assets decline for second session as dollar strengthens post-Trump's Fed nomination and AI investment sustainability concerns hit Asian tech stocks.
Canadian Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem have congratulated Kevin Warsh on his nomination to lead the US Federal Reserve, highlighting the importance of central bank independence.
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US West Texas Intermediate crude dropped $1.25 to $64.17 a barrel after recent gains, as former President Donald Trump's signals of potential dialogue with Iran over its nuclear program eased geopolitical tensions.
Former Federal Reserve Governor Kevin Warsh has become the frontrunner to replace Jerome Powell as Fed Chair, with President Trump expected to announce his choice soon. This development has sparked intense market speculation and debates about central bank
Numbeo's 2026 Cost of Living Index reveals Zurich as the world's most expensive city, with Swiss cities taking six top spots. Indian cities rank among the most affordable globally.
Saudi Arabia has begun implementing its National Privatization Strategy, approved by the Cabinet, to enhance infrastructure, public services, and private sector involvement across 18 priority sectors.
Venezuela has passed a comprehensive oil law reform aimed at opening its doors to foreign companies, seeking to revitalize its struggling energy sector through international investment and partnerships.
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Brent crude futures surged to a near six-month high on Thursday, driven by escalating fears of a potential US military strike on Iran. The geopolitical tensions sent oil prices soaring, with Brent up 3.8% and WTI gaining 4%.
