US Budget Deficit Approaches $2 Trillion as Government Spending Outpaces Revenue
WASHINGTON: The United States recorded a federal budget deficit of approximately $1.993 trillion in fiscal year 2026, highlighting growing concerns...
Economic News
India’s Foreign Exchange Reserves Decline for Fourth Consecutive Week
India's foreign exchange reserves have declined for a fourth consecutive week, reflecting changes in the country's external financial position amid...
Global Food Prices Rise to Highest Level in Nearly Four Years, FAO Data Shows
Rome: Global food commodity prices increased again in September, reaching their highest level in nearly four years as transportation disruptions,...
UN Data Warns Global Growth Remains Weak as Energy Shock Fuels Inflation Risks
New York: The global economy is facing renewed pressure from geopolitical tensions, higher energy costs and persistent uncertainty, with the...
US Borrowing Costs Rise as Treasury Yields Put Pressure on Financial Markets
New York: Borrowing costs in the United States are coming under renewed pressure as government bond yields rise, creating a...
Oil Prices and Rising Bond Yields Put Fresh Pressure on Global Markets
New York: Global financial markets faced renewed pressure as rising crude oil prices and higher government bond yields increased concerns...
OECD Inflation Remains Broadly Stable as Energy Prices Stay Elevated
Paris: Inflation across the Organisation for Economic Co-operation and Development (OECD) remained broadly stable in July 2026, but persistent pressure...
IMF Warns Lebanon Faces Deep Economic Pressure as Reform Efforts Continue
Washington/Beirut: Lebanon’s economy continues to face severe pressure amid regional security developments, high inflation, infrastructure damage and significant displacement, according...
IMF Says Lebanon Maintains Macroeconomic Stability as Economic Reform Efforts Continue
Lebanon has maintained some signs of macroeconomic stability while continuing to face major challenges in rebuilding its financial system and...
Global Economic Growth Slows Slightly as Second-Quarter GDP Expansion Eases
Global Economy: The world economy recorded a modest slowdown in growth during the second quarter of 2026, according to newly...
UK Faces Inflation Pressure as Bank of England Weighs Interest-Rate Decision
London, SeptemberThe United Kingdom is facing renewed inflation pressure as markets await the Bank of England's latest monetary-policy decision, with...
Trump Dividend Proposal Puts $5,000 Payment Promise at Center of U.S. Economic Debate
The White House has highlighted a new proposal from President Donald Trump that would potentially provide a $5,000 cash dividend...
Peru Keeps Interest Rate at 4.25% as Inflation Remains Above Target
Peru’s central bank has kept its benchmark interest rate unchanged at 4.25%, extending its pause for a 13th consecutive month...
Chile Raises Fuel Prices as Oil Shock Hits Consumers Before National Holidays
SANTIAGO — Fuel prices in Chile are rising sharply from Thursday, September adding pressure on consumers just days before the...
South African Rand Rises as Investors Await Key Economic Data
JOHANNESBURG — The South African rand strengthened modestly in early trading on Thursday as investors prepared for the release of...
Portugal’s Food Basket Becomes More Expensive Again as Fuel Costs Rise
LISBON — Portugal’s food basket is becoming more expensive again as higher fuel costs add pressure to household budgets, according...
Brazil Moves to Shield Consumers From Rising Global Oil Costs
The government has moved to reduce some fuel-related taxes and introduce measures aimed at easing pressure on diesel prices. The...
NEW DELHI — India’s currency market is facing renewed pressure as elevated crude oil prices increase concerns over the country’s import bill and external financial position.
The rupee has come under strain as international oil prices remain above the $100-a-barrel mark. Because India imports a substantial...
Japan’s Foreign Reserves Suffer Record Drop After Massive Yen Intervention
TOKYO — Japan’s foreign-exchange reserves recorded their largest monthly decline ever in August after authorities launched an unprecedented campaign to...
Thailand Inflation Accelerates to 2.53% as Fuel and Food Costs Rise
BANGKOK — Thailand’s inflation rate accelerated sharply in August, moving above market expectations as higher fuel and food-related costs put...
China Unveils New Funding Drive to Strengthen Food Security and Modernize Rural Areas
BEIJING — China has unveiled a new financial support framework aimed at strengthening food security and accelerating rural modernization through...
Japan Rate Hike Bets Rise as PM Adviser Predicts Bank of Japan Move in September
Expectations of a Bank of Japan interest-rate increase this month have strengthened after an economic adviser to Prime Minister Sanae...
Austria Faces Fresh Debate Over Rising Cost of Living
Date: September 4, 2026Country: AustriaCategory: Austria News / Economy Inflation and Household Expenses Remain Key Concern for Austrian Families Global...
Israel Cuts Interest Rate to 3.25% as Inflation Moderates
Israel's central bank has reduced its benchmark interest rate to 3.25%, citing moderating inflation and the continued recovery of economic...
Belgium Reports Day Five Progress in September State Bond Campaign
Belgium's Federal Debt Agency has released an interim update on the country's September State Bond campaign, providing investors with the...
Croatia Inflation Rises to 4.1% as Energy Costs Drive August Price Growth
Croatia's annual inflation rate increased to 4.1% in August 2026, according to preliminary figures released by the country's statistics office,...
Israel Central Bank Cuts Interest Rate to 3.25% as Economy Shows Stronger Growth
The Bank of Israel has reduced its benchmark interest rate by 0.25 percentage points to 3.25%, citing moderating inflation and...
IMF Warns Global Economy Faces Uneven Growth as War and AI Reshape Outlook
IMF Washington,The International Monetary Fund (IMF) says the global economy has remained more resilient than expected despite major geopolitical and...
Global Trade Heads Toward Record Year as UNCTAD Warns of Rising Price Pressures
Geneva, Global trade remained on a strong growth path during the first half of 2026, but rising prices, geopolitical tensions...
G20 Trade Gains Momentum in Second Quarter as Imports and Services Activity Accelerate
International trade across the G20 economies gathered pace in the second quarter of 2026, with merchandise imports recording a particularly...
India Seeks WTO Consultations With US Over New Quartz Surface Import Tariffs
National War Memorial in New Delhi, India. Original public domain image from Flickr India has approached the World Trade Organization...
MCX Sets Historic Trading Record With ₹62.93 Lakh Crore Turnover in One Day
The Multi Commodity Exchange of India (MCX) has achieved a new milestone after recording its highest-ever single-day turnover of ₹62.93...
MCX Sets New Daily Turnover Record at ₹62.93 Lakh Crore as Commodity Options Trading Surges
The Multi Commodity Exchange of India (MCX) has recorded its highest-ever single-day turnover, marking a major milestone for India's organised...
India’s Forex Reserves Hit Record $729.3 Billion as Dollar Inflows Strengthen External Finances
Mumbai, August 28, 2026: India’s foreign-exchange reserves have reached a historic high, giving the country a larger financial cushion against...
India Inc Enters FY27 on Stronger Footing as Corporate Sales Growth Jumps to 19.4%
New Delhi, August 28, 2026: India’s corporate sector began the new financial year with a notable improvement in business activity,...
Global Economy Set for 3% Growth in 2026 as AI Momentum Offsets War-Related Pressures
Global growth is projected at 3.0% in 2026 and 3.4% in 2027, according to the IMF's latest World Economic Outlook...
India’s Merchandise Exports Cross $200 Billion as Global Demand Strengthens
India has crossed an important milestone in its international trade performance, with merchandise exports exceeding US$200 billion during the current...
Global Markets Navigate Inflation Pressure, Middle East Uncertainty and AI Optimism
Global financial markets are moving through another period of uncertainty as investors balance persistent inflation in the United States, developments...
Global Commodity Markets Show Sharp Divergence in July as Beverage Prices Surge and Precious Metals Retreat
Commodity Global commodity markets delivered a mixed performance in July, with prices moving sharply in different directions across energy, agriculture,...
OECD Inflation Eases in June as Food and Core Price Pressures Moderate
Inflation across the OECD showed signs of easing in June, offering some relief to households and policymakers after years of...
