Economy
UAE’s non-oil sector growth slows to 52.9 in July amid geopolitical tensions
In July 2025, the United Arab Emirates (UAE) experienced a notable slowdown in its non-oil business sector, with the S&P Global Purchasing Managers'...
UK’s Low Pay Commission forecasts 4.1% rise in minimum wage to £12.71 by 2026
The UK's Low Pay Commission (LPC) has projected a 4.1% increase in the National Living Wage (NLW) to £12.71 per hour by April...
Thailand’s Finance Minister Announces New 19% Tariff Rate with U.S., Aiming to Boost Global Competitiveness and Attract Investor Confidence
Thailand's Finance Minister, Pichai Chunhavajira, announced a new 19% tariff rate on imports from the United States, effective August 7, 2025. This rate...
Swiss Government Expresses Shock Over U.S. Imposition of 39% Tariff on Imports
The Swiss government has expressed profound shock and disappointment following the United States' announcement of a 39% tariff on Swiss imports, effective August...
President Trump confirms August 1 deadline for 25% tariff on Indian goods over Russian oil purchases
President Donald Trump announced the imposition of a 25% tariff on Indian imports, effective August 1. This decision was driven by concerns over...
Singapore’s central bank maintains monetary policy amid improved global trade conditions and stronger-than-expected economic growth in Q2 2025
Singapore's central bank, the Monetary Authority of Singapore (MAS), has decided to maintain its current monetary policy settings, keeping the rate of appreciation...
U.S. and EU Rush to Finalize Trade Deal Before Tariff Deadline
The United States and the European Union have finalized a trade agreement just days before the impending tariff deadline. The deal establishes a...
Portugal Appoints OECD’s Álvaro Santos Pereira as New Central Bank Governor Amid Political Tensions
Portugal's center-right government has appointed Álvaro Santos Pereira, former OECD chief economist and ex-economy minister, as the new central bank governor, replacing Mário...
Pakistan’s ISI Targets Black Market Dollar Trade to ilize Rupee, Says Forex Association President
Pakistan's Inter-Services Intelligence (ISI) agency has intensified efforts to stabilize the nation's currency by targeting the illicit dollar trade. Malik Muhammad Bostan, chairman...
Nigeria’s economy grows by 30% after GDP recalculation, incorporating digital services and informal sector
Nigeria's economy has experienced a significant transformation following a comprehensive recalculation of its Gross Domestic Product (GDP), leading to a 30% increase in...
