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News
Japan inflation accelerates on higher oil price, weak yen
59+ min ago (479+ words) | Gulf Times Gulf Times Japan inflation accelerates on higher oil price, weak yen Core inflation accelerated in Japan in June, official data showed on Friday as the Middle East war and a weak yen pushed up prices for consumers in…...
China's exports ride AI boom as domestic economy struggles
1+ week, 3+ day ago (488+ words) | Gulf Times Gulf Times China's exports ride AI boom as domestic economy struggles China's exports surged in June, buoyed by orders for chips to fuel the global AI boom and automobiles, deepening producers' reliance on overseas buyers as policymakers in…...
Fed chief vows to 'do my job' if challenged by Trump
1+ week, 2+ day ago (345+ words) | Gulf Times Gulf Times Fed chief vows to 'do my job' if challenged by Trump US Federal Reserve Chairman Kevin Warsh on Tuesday vowed to "do my job" if challenged by President Donald Trump, his most direct comment so far…...
Republic of Korea hikes 2026 growth outlook to 3% on AI chip boom
1+ week, 3+ day ago (356+ words) Republic of Korea raised its 2026 growth forecast by one percentage point to 3% on Tuesday, buoyed by strong performances from memory chipmakers as artificial intelligence demand soars. Record profits from semiconductor giants Samsung Electronics and SK Hynix — whose advanced memory chips…...
Egypt current account deficit widens to $5.1bn
1+ week, 4+ day ago (155+ words) | Gulf Times Gulf Times Egypt current account deficit widens to $5.1bn Egypt’s current account deficit more than doubled to $5.1bn in the January-March quarter from $2.3bn a year earlier, central bank data showed on Sunday, reports Reuters. Net foreign direct investment inflows edged…...
Debt, AI boom and fragilities raise global risks, says BIS
3+ week, 4+ day ago (383+ words) | Gulf Times Gulf Times Debt, AI boom and fragilities raise global risks, says BIS Debt strains, inflation, AI uncertainty and financial vulnerabilities are pressures; higher inflation expectations could become entrenched despite Iran ceasefire; record-high public debt has created new ‘sovereign-financial…...
Outgoing IMF chief economist sees continued uncertainty on global outlook
3+ week, 4+ day ago (498+ words) Gulf Times Outgoing IMF chief economist sees continued uncertainty on global outlook Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside…...
Oil slide softens dollar's inflationary bite
4+ week, 17+ hour ago (742+ words) When the US dollar jumps, the rest of the world holds its breath, awaiting the bout of imported inflation that often follows. The sound you hear now, however, may be a collective sigh of relief. The dollar, boosted by rising…...
Fed's preferred inflation gauge hits fresh three-year high
4+ week, 18+ hour ago (390+ words) Gulf Times Fed's preferred inflation gauge hits fresh three-year high The US Federal Reserve's preferred inflation measure hit a three-year high in May, as elevated energy prices from President Donald Trump's Iran war pose a key test to his Republican…...
Money is not a strategy
1+ mon, 2+ week ago (767+ words) | Gulf Times Gulf Times Money is not a strategy The Gulf was built by the whole world. A Brazilian engineer, a stonemason from Upper Egypt, a young lawyer from Beirut, a truck driver from Kerala — the list circles the globe…...