Fed keeps rates unchanged, Warsh to review central bank’s “working pattern”
With inflation running at an above-target 3.8% and uncertainty surrounding the Iran deal, Fed’s rate-setting committee unanimously decided to keep…
Category: Economy
Saudi Arabia’s nominal GDP rises 6.3% in Q1 2026, finds report
Inflationary conditions within the Saudi economy remained stable, with the Consumer Price Index (CPI) remaining at 1.7% in April 2026…
South Africa to meet fiscal targets despite Iran war, says government
National Treasury Director-General Duncan Pieterse said there have been significant improvements in debt management and fiscal discipline Despite the ongoing…
Hong Kong surpasses Switzerland, becomes top cross-border wealth hub
Wealth from China and an IPO boom in 2025 helped Hong Kong rise to a USD 2.95 trillion offshore behemoth…
China witnesses growth loss due to Iran war disruptions
China’s factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in…
Iran war shoots up global food prices at their three-year high
The FAO’s April index rose to its highest since July 2022 as a result of the increased prices of soy,…
Global economy slows as Iran war energy shock drives inflation surge
Delivery times and output prices hit their highest levels since the post-COVID supply chain snarls and inflation wave peaked around…
Despite 0.5% growth, twin reports anticipate recession for UK economy
As per Deloitte, confidence among chief financial officers dropped to a net -57% in late March, down from -13% in…
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker…
Oman ends FY 2025 with stable growth, non-oil GDP hits USD 74.6 billion
Oman’s inflation remained contained at an average of 1.69% during January-February 2025/2026, indicating stable price levels that supported household consumption…