News
Oil crisis stokes inflation risks for Mideast as Iran war exposes importers
3+ hour, 32+ min ago (550+ words) A surge in global oil prices triggered by the war involving the United States, Israel and Iran is raising alarms about a fresh inflation shock that could ripple through the global economy while hitting vulnerable markets across the Middle East…...
War in Middle East raises stagflation fears in Europe and beyond
3+ day, 10+ hour ago (650+ words) Global energy prices have shot upwards after the US and Israel unleashed war in the Middle East, but just how far those shocks will ripple across the economy remains unclear. Still, the spectre of "stagflation" -- high inflation coupled with stagnant…...
Equities mixed as Mideast crisis rages, though oil dips
3+ day, 17+ hour ago (725+ words) Asian markets were mixed Friday as the war in the Middle East showed no sign of ending, though there was some reprieve from the surge in oil prices after the United States looked to ease supply concerns. After a torrid…...
Mideast war risks sending global economy into stagflation
1+ week, 8+ hour ago (638+ words) An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation -- a troublesome blend of high inflation and anaemic growth -- due to spiking oil and gas prices, economists warned. - Will there…...
Iran currency plunges to historic low amid factional blame game
2+ mon, 2+ week ago (137+ words) As Iran's judiciary publicly rebukes the central bank over the rial's collapse, the currency crisis is no longer economic and is fast becoming a test of political accountability and regime stability. Iran currency plunges to historic low amid factional blame…...
Iranians celebrate Yalda festival as economic woes bite
2+ mon, 2+ week ago (654+ words) Iranians of all religions and walks of life mark the ancient Persian festival of Yalda Sunday, though many say economic hardships fanned by international sanctions will put a damper on this year's celebrations. Yalda falls on the winter solstice and…...
Famed Jerusalem stone still sells despite West Bank economic woes
2+ mon, 3+ week ago (730+ words) Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the occupied West Bank, proudly points to an armada of machines busy eating away at sheer walls of dusty white rock that stretch into the…...
G20 countries' medium-term growth to be weakest since 2009 crisis, IMF says
3+ mon, 2+ week ago (416+ words) WASHINGTON (Reuters) -The world's 20 largest economies will grow by just 2.9% in 2030 amid headwinds from protectionism and policy uncertainty, their weakest medium-term outlook since the global financial crisis of 2009, the International Monetary Fund said on Wednesday. In a report to the…...
IMF lifts 2025 global growth forecast, warns of ongoing trade 'uncertainty"
4+ mon, 3+ week ago (621+ words) The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead. In its flagship World Economic Outlook (WEO) report -- compiled before…...
IMF raises 2025 global growth forecast on 'modest' US trade shock
4+ mon, 3+ week ago (678+ words) The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead. In its flagship World Economic Outlook (WEO) report -- compiled before…...