The bloc currently imports more than half of its crude oil from the Middle East. Published On 8 May 20268 May 2026 Southeast Asian leaders have agreed on measures aimed at reducing the impact of the Iran war on their economies, but conceded that the initiatives will take considerable time to come into effect. On … Read more
For decades, the World Economic Forum in Davos was a symbol of global cooperation. Today, its relevance is questioned. The annual pilgrimage of the world’s political and corporate elite to the World Economic Forum in Davos has come at a critical point.Geopolitical tensions are at fever pitch. The US is led by a president openly … Read more
BOGOTA, Colombia — BOGOTA, Colombia (AP) — Colombia ’s government has declared an economic state of emergency that enables President Gustavo Petro’s administration to issue taxes by decree, as the nation struggles to finance hospitals and the military while paying off record debts. Petro issued the decree late Monday. His leftist government recently failed to … Read more
STOCKHOLM — Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for “having explained innovation-driven economic growth.” Mokyr is from Northwestern University, Aghion from the College de France and the London School of Economics, and Howitt from Brown University. The Nobel committee said Mokyr “demonstrated that if innovations are … Read more
PM Benjamin Netanyahu admits Israel’s growing isolation and urges Israelis to brace for a self-sufficient economy. From a start-up nation to “Super Sparta”. For years, Israel’s high-tech industry has transformed the country into a global economic powerhouse. But Prime Minister Benjamin Netanyahu has now warned it may soon be forced to become economically self-sufficient and … Read more
Global financial institutions meet as turmoil brings fears worldwide. Global financial turmoil tops the agenda as the International Monetary Fund and World Bank hold meetings in Washington, DC. The organisations face significant challenges, and criticism, too. Can they help vulnerable countries, or will Western interests take priority? Presenter: Nick Clark Guests: Ali Hasanain – Associate … Read more
Chancellor says she’ll go ‘further and faster’ on growth planpublished at 13:35 Greenwich Mean Time 13:35 GMT Faisal IslamEconomics editor Media caption, Rachel Reeves: Need to go further and faster to kickstart growth The key line was the chancellor said the government will go “further and faster” on its growth plan. She said market volatility … Read more
President-elect Donald J. Trump refused on Tuesday to rule out the use of military or economic coercion to force Panama to give up control of the canal that America built more than a century ago and to push Denmark to sell Greenland to the United States. In a rambling, hourlong news conference, Mr. Trump repeatedly … Read more
Nations and companies around the world are weighing up AI’s costs and benefits. Almost one trillion dollars, that’s how much tech companies are estimated to be spending on building up the artificial intelligence industry over the coming years. Supporters of the technology say AI will increase productivity, boost incomes and revolutionise the global economy. But, … Read more
The outlook for Europe’s economy has been disappointing. Last week — after Donald J. Trump’s presidential election — it got worse. Deep uncertainty about the Trump administration’s policies on trade, technology, Ukraine, climate change and more is expected to chill investment and hamstring growth. The launch of a possible tariff war by the United States, … Read more