Section
Economy
US Consumer Confidence Falls to Lowest Level in 7 Months With Gas Above $4
Consumer confidence in the U.S. economy declined to its lowest level in seven months in August, driven by persistent high gasoline prices and geopolitical tensions…
Higher production costs seen to weigh on inflation
Malaysia’s inflation is projected to rise modestly in the coming months due to increased production costs amid geopolitical tensions, but government subsidies and controlled demand…
Iran's economy minister outlines offensive strategy against US sanctions
Iran’s Economic Affairs Minister Seyed Ali Madanizadeh announced a multi-agency strategy to mitigate the effects of U.S. sanctions, including improved customs efficiency, alternative trade routes,…
Resilience likely for export growth in 2H26
Malaysia’s exports are projected to maintain strong growth in the latter half of 2026, driven mainly by sustained demand for electrical and electronics products and…
Turkey Reports $10 Billion in Public-Sector Savings
Turkey’s Treasury and Finance Minister Mehmet Şimşek announced public-sector savings of approximately 484 billion lira ($10 billion) for 2024-2025, exceeding the combined budgets of six…
China Plans Additional Fiscal Support to Boost Growth
China announced it will implement new fiscal policies focused on boosting household consumption and coordinating fiscal, monetary, and industrial measures to support economic growth amid…
China 'to achieve annual economic targets'
China’s official media conveyed confidence that the economy will achieve its growth targets this year despite sluggish domestic demand and structural challenges. The commentaries highlighted…
Japan Inflation Picked Up in July Amid Middle East Conflict and Weak Yen
Japan's inflation rose in July, driven by a weaker yen and higher import costs amid the Middle East conflict, prompting expectations of further Bank of…
Higher Rates Could Pose Big Obstacle To Economy
Interest rates on long-term U.S. government debt have risen to their highest point in nearly 20 years due to inflation, increased borrowing, and changing market…
PM blames Middle East conflict as UK inflation rises to four-month high
The UK's inflation rate climbed to 2.9% in July, driven largely by a surge in energy costs and the geopolitical conflict in the Middle East.…
Data shows workers’ real wages drop for 4th month
Consumer prices in the U.S. rose 3.4% in July year-over-year, outpacing the 3.2% increase in average hourly wages and marking a fourth straight month of…
Growth holds firm, but likely to slow in 2H
Malaysia's economy grew by 6% in the second quarter of 2026, driven primarily by strong manufacturing and exports in the electrical and electronic sector fueled…
New growth plan targets quality with capital, tech and talent priorities
Malaysia is shifting its economic strategy towards attracting higher-quality investments and boosting domestic capabilities to enhance productivity and create better-paying jobs. This approach, emphasized by…
Iran War Threatens to Crush UK Economy
The UK Treasury warns that a prolonged closure of the Strait of Hormuz due to US-Iran tensions could slow UK economic growth to 0.3 percent…
Rate Reprieve for Fed as US Prices Cool
U.S. consumer inflation slowed slightly in July, with the annual Consumer Price Index rising 3.4%, easing pressure on the Federal Reserve to increase interest rates.…
Families feel the pinch from sustained high oil prices: Tombe
Alberta is benefiting from high oil prices with reduced provincial deficits but faces significant risks due to its heavy dependence on volatile energy revenues. This…
Indonesia nominates new central bank governor after stock market turmoil
President Prabowo Subianto has nominated economist Destry Damayanti to permanently lead Indonesia’s central bank following the sudden resignation of former Governor Perry Warjiyo. If confirmed…
Eurozone Inflation Rises as Energy Prices Surge
Inflation in the eurozone rose to 2.9 percent in July, driven largely by a 10 percent surge in energy prices linked to escalating Middle East…
Renewed Gulf War to ‘Slow UK Economy for Two Years’
The renewed Middle East conflict has caused UK economic growth forecasts to decline, with the EY Item Club predicting slower GDP growth and higher inflation…
GEOGRAPHY PLAYS PART IN 'K-SHAPED' ECONOMY
China’s economic growth in the first half of 2026 showed a clear divide, with hi-tech and export-oriented provinces like Zhejiang and Anhui expanding rapidly while…
Burnham’s cost of living boost likely to require higher taxes
Prime Minister Andy Burnham has introduced measures to reduce household electricity VAT as part of a broader effort to ease cost of living pressures. Economists…
UK borrowing falls sharply easing early pressure on Chancellor Healey
The UK public sector borrowing fell to £16 billion in June, a 33.1 percent decrease from the previous year and below economists' forecasts, easing early…
A Historic Worker Shortage Is Looming
The United States is facing its largest labor shortage ever, driven primarily by demographic changes and a mismatch between workers' skills and employer needs across…
Wholesale Inflation Drops in June During Cease-Fire
Wholesale inflation in the United States fell by 0.3 percent in June, primarily due to a 12 percent drop in gasoline prices, marking the largest…
IMF Downgrades Its Global Outlook
The International Monetary Fund lowered its global growth forecast to 3% for 2026 due to economic disruptions caused by Iran's closure of the Strait of…
‘Oil capital Aberdeen was the place to be – but now it’s a ghost town’
Aberdeen is facing economic decline due to the shrinking North Sea oil and gas industry, compounded by rising unemployment and business closures since the 2014…
The Great Depression: Crisis and Resilience in America
The Great Depression, triggered by the 1929 stock market crash, led to widespread bank failures, massive unemployment, and severe social hardship across the United States.…
Sri Lanka cuts fuel prices, inflation rises
Sri Lanka’s state-owned Petroleum Corporation reduced petrol and diesel prices by up to six percent on July 1, the first cut since fuel costs surged…
UK families hit by biggest global drop in wealth
British households have seen their wealth decline by over 20% since the pandemic, the largest drop among 37 advanced economies, driven by high inflation and…
China retail sales sink for first time in three years
China's retail sales fell 0.6 percent year-on-year in May, marking the first decline in over three years amid ongoing investment slumps and economic challenges. This…