News
Indonesia weighs response to price pressures from ME war
7+ hour, 12+ min ago (451+ words) But that may change. As Prabowo seeks to raise the economic growth rate from 5.1 percent last year to eight percent by 2029, powered by high public spending, Jakarta has limited options for offsetting the impact of rising oil prices, according to…...
China’s retail and industrial sectors pick up pace in 2026 as growth slows
1+ day, 7+ hour ago (370+ words) But in a positive start to 2026, figures from the National Bureau of Statistics (NBS) on Monday showed retail sales grew 2.8 percent on-year in January and February combined. The figure topped a forecast of 2.5 percent in a Bloomberg survey of economists....
Oil price surge aids Kuwait, but Hormuz stability vital for long-term gain: Expert
2+ day, 7+ hour ago (475+ words) KUWAIT: As regional tensions escalate and uncertainty grips global energy markets, oil prices and supply routes have come under intense scrutiny in Kuwait. In an interview, oil expert and the independent researcher in energy and economic affairs, Tareq J Alwazzan,…...
Why is the dollar profiting from Middle East war?
3+ day, 8+ hour ago (377+ words) LONDON: The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump's economic objectives. AFP looks at the reasons behind the greenback's rise against rivals. The dollar,…...
Egypt raises fuel prices by up to 30%
1+ week, 7+ hour ago (285+ words) Egypt raises fuel prices by up to 30%Kuwait Times Egypt raises fuel prices by up to 30% CAIRO: Egypt raised domestic fuel prices by up to 30 percent on Tuesday, blaming "exceptional" global energy pressures caused by the Middle East war, which…...
British finance minister warns of higher inflation
1+ week, 7+ hour ago (416+ words) British finance minister warns of higher inflation'Kuwait Times British finance minister warns of higher inflation LONDON: UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Zionist entity's…...
Iran conflict forces Asian central banks into sharp policy rethink
1+ week, 1+ day ago (319+ words) The Reserve Bank of India, for one, expects to focus more on supporting growth by keeping interest rates low, sources have told Reuters. But a rush towards the safe-haven dollar, which is intensifying from the US-Iran war, may force it…...
India’s economy is booming, but uneven growth poses risks
1+ week, 2+ day ago (488+ words) MUMBAI: For years India's economy was driven by its vast services sector that saw millions of people working away in low-cost back offices providing consultancy for predominantly western companies. But over the past decade they have given way to centers…...
Brazil’s economy slows as high rates curb growth
1+ week, 6+ day ago (209+ words) RIO DE JANEIRO: Brazil's economy grew 2.3 percent in 2025, cooling from the previous year as its interest rates remained among the highest in the world, official data showed Tuesday. The slowdown'in line with market expectations'comes seven months before Latin America's largest…...
Hormuz shutdown worsens as US hits Iranian warship; oil, gas prices surge
1+ week, 6+ day ago (412+ words) LONDON/DUBAI: The US-Iran war widened on Wednesday after a US strike hit an Iranian warship off Sri Lanka, killing 80 people and deepening a crisis that has paralyzed shipping through the Strait of Hormuz for a fifth day and choked…...