Economy & Trade
Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.
Federal Reserve Hikes Rates for First Time in Three Years to Combat Persistent Inflation
3 weeks ago
Federal Reserve Hikes Rates for First Time in Three Years to Combat Persistent Inflation
The decision, which markets had widely anticipated with a better-than-90% probability, was driven by a confluence of economic pressures. In…
Singapore Airlines and Air India Remove Booking Restrictions for 126 Weekly Flights
3 weeks ago
Singapore Airlines and Air India Remove Booking Restrictions for 126 Weekly Flights
Deepening Commercial Integration This operational shift marks the first set of initiatives launched under a Commercial Cooperation Framework Agreement signed…
Crystal Jade shuts four Singapore outlets, cuts 120 jobs in pre-sale restructuring
3 weeks ago
Crystal Jade shuts four Singapore outlets, cuts 120 jobs in pre-sale restructuring
Advisory firm Kroll, whose representatives were appointed receivers over the holding companies for Crystal Jade’s Singapore and Hong Kong operations…
Singapore and Malaysia Align on Ambition to Make ASEAN a Green Energy Powerhouse
3 weeks ago
Singapore and Malaysia Align on Ambition to Make ASEAN a Green Energy Powerhouse
The statement, made by President Tharman, underscores a strategic alignment between Singapore and Malaysia, two of the region’s most economically…
One in nine French fuel stations face supply shortages as diesel prices hit record
3 weeks ago
One in nine French fuel stations face supply shortages as diesel prices hit record
The supply constraints coincide with a surge in fuel costs. Diesel prices have climbed above €2.39 per litre, reaching a…
MTA projects $1 billion in added costs for NYC transit from US tariffs
3 weeks ago
MTA projects $1 billion in added costs for NYC transit from US tariffs
The agency’s estimate highlights the direct economic ripple effects of trade policy on municipal infrastructure. By raising the cost of…
Dangote Refinery cuts diesel price by N80 to N1,700 as import costs fall
3 weeks ago
Dangote Refinery cuts diesel price by N80 to N1,700 as import costs fall
The price adjustment coincides with a significant drop in international diesel import costs. Data from the Major Energies Marketers Association…
Gulf Central Banks Synchronize 25-Basis-Point Hikes Following Federal Reserve Decision
3 weeks ago
Gulf Central Banks Synchronize 25-Basis-Point Hikes Following Federal Reserve Decision
The Federal Open Market Committee (FOMC) voted unanimously to lift the federal funds target range to 3.75%–4%. In response, the…
Algerian Dinar Suffers Sharp Decline as Euro Exchange Rate Breaches 290 Mark
3 weeks ago
Algerian Dinar Suffers Sharp Decline as Euro Exchange Rate Breaches 290 Mark
The currency’s value has eroded at an accelerated pace, with the euro gaining more than 10 dinars against the Algerian…
U.S. to Send $90 Medicare Checks to 20 Million Seniors Starting Early October
3 weeks ago
U.S. to Send $90 Medicare Checks to 20 Million Seniors Starting Early October
According to a White House fact sheet, most eligible recipients will receive the funds via direct deposit in early October,…