News
G7 ready to act on economic risks from Iran war, France's Lescure says
4+ day, 7+ hour ago (911+ words) Finance leaders from the Group of Seven(G7) have indicatedthey are prepared to step in if needed, to shield the global economy from the fallout of the war involving Iran, as concerns grow over rising energy prices and supply disruptions. They…...
Eurozone consumer confidence drops as Iran war fuels economic strain
3+ week, 6+ day ago (745+ words) Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U. S. and Israeli war with Iran, with inflation rising and growth slowing. "The economic…...
What the Middle East war means for T'rkiye's economy
1+ mon, 1+ week ago (1250+ words) The economic consequences of war rarely remain confined to the battlefield. They ripple through markets, supply chains and investor confidence. For T'rkiye, at the crossroads of Europe, the Middle East and Eurasia, the economic shockwaves from the latest Middle East…...
China targets 4. 5-5% growth as Two Sessions set economic agenda
1+ mon, 1+ week ago (1199+ words) China's annual "Two Sessions" in Beijing have again drawn global attention, as lawmakers and advisers gather to set the country's economic and social agenda. Premier Li Qiang presented the Government Work Report on 5 March, outlining recent progress and targets for…...
Global debt hits record $348 trillion in 2025
1+ mon, 3+ week ago (719+ words) Global debt surged to a record $348. 3trillion at the end of 2025, after nearly $29trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday. Debt climbed across…...
Wall Street ends sharply down as traders fret about AI disruption
2+ mon, 2+ week ago (861+ words) Wall Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week. Investors in recent months have become pickier…...
China posts record $1. 2 T trade surplus in 2025
3+ mon, 6+ day ago (682+ words) China recorded the world's largest-ever trade surplus in 2025, reaching $1. 2 trillion as exporters shifted focus away from the U. S. amid ongoing trade tensions. The surplus, up 20% from 2024, reflects Beijing's pivot toward emerging markets in Southeast Asia, Africa, and Latin America as exports…...
Armenia to allocate $400 million to develop defence industry
3+ mon, 1+ week ago (557+ words) This decision, revealed by Armenian Defence Minister Suren Papikyan, marks a major step towards improving the country's military capabilities and fostering local defence production. The allocation comes as part of a broader strategy to diversify Armenia's military procurement markets and…...
U. S. dollar's role in global reserves falls as gold rises
3+ mon, 1+ week ago (985+ words) The U. S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above…...