AfDB to elect new president amid funding challenges
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, as…
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global economy
Oil prices rise on Monday
Oil prices edged higher on Monday after US President Donald Trump extended a deadline for trade talks with the…
Egypt lauds BRICS role in global trade stability
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib emphasised the BRICS group's important role in…
Global growth set for ‘weakest’ year since 2009 – excluding pandemic, Fitch warns
Fitch Ratings has downgraded its global growth forecast for 2025, warning that the intensifying trade war between…
EU readies countermeasures against US tariffs – Von der Leyen
European Commission President Ursula von der Leyen condemned US President Donald Trump’s universal tariffs as a…
Global unemployment remains at record low of 5% in ’24
Global unemployment stayed at an all-time low of 5 per cent last year and is expected to remain at that level in…
FinMin urges Russia to shield citizens from Trump’s economic impact
Russia must protect its citizens from potential economic impacts under Donald Trump’s presidency, Finance Minister…
Putin: Dollar’s global influence wanes amid Trump’s tariff threats
Russian President Vladimir Putin criticised US President-elect Donald Trump’s proposal to impose 100 per cent…
OECD forecasts resilient global growth in ’25, ’26
The global economy is expected to grow at 3.3 per cent in 2025 and 2026, slightly up from 3.2 per cent in 2024,…
US-EU trade war “Lose-Lose” situation – ECB’s De Guindos
A trade war sparked by retaliatory tariffs between the US and Europe would harm the global economy, European…