Economic News

By Harshit, MUMBAI — October 16, 2025 India’s Unified Payments Interface (UPI) is emerging as a global force in digital payments, as the country showcases its technological and economic prowess at the Global Fintech Fest (GFF) 2025 in Mumbai. Delegates navigating traffic in the financial capital were treated to demonstrations showing that moving money is […]

By Harshit, WASHINGTON — October 15, 2025 As the U.S. government shutdown stretches on, millions of federal employees are beginning to miss paychecks, forcing households and businesses to adjust spending and raising concerns about broader economic impacts. Michael Galletly, an IT management specialist in Utah and president of American Federation of Government Employees Local 4016,

By Harshit, WASHINGTON — October 15, 2025 The United Kingdom is set to be one of the fastest-growing economies among advanced nations this year, according to new projections from the International Monetary Fund (IMF), but faces the highest inflation rate among G7 countries due to rising energy and utility costs. The IMF’s twice-yearly outlook notes

By Harshit WASHINGTON — October 14, 2025 Global artificial intelligence spending is projected to soar to $375 billion in 2025 and surpass $500 billion by 2026, fueling GDP growth and investor optimism across markets. But beneath the surface, economists are warning that this AI-driven boom may be propping up an otherwise fragile global economy, raising

By Harshit LONDON — October 14, 2025 European stocks fell to two-week lows on Tuesday, reversing early-week optimism as investors grappled with renewed trade tensions between the United States and China. The declines came after U.S. President Donald Trump threatened new tariffs in response to China’s export controls on rare earth minerals, reigniting fears of

By Harshit, WASHINGTON, D.C. — October 13, 2025 The U.S. Treasury Department has extended a $20 billion currency swap line to Argentina in a bid to stabilize the South American nation’s financial system and prevent potential ripple effects in global markets. Treasury Secretary Scott Bessent announced the intervention Thursday via social media platform X, describing

By Harshit, LONDON — October 13, 2025 – 8:30 AM EDT European markets opened the week on a stronger note Monday, led by a sharp rebound in mining and semiconductor stocks, even as traders remained cautious over the escalating trade dispute between the United States and China. Mining Sector Leads Recovery The pan-European Stoxx 600

By Harshit Washington, D.C., October 12, 2025 – 8:30 AM EDT China has issued a strong response to U.S. President Donald Trump’s latest escalation in the ongoing trade conflict, declaring that it “is not afraid of” a trade war. The statement came after Trump vowed to impose an additional 100% tariff on Chinese imports in

By Harshit | October 12, 2025 | Washington, D.C. Just two days after International Monetary Fund (IMF) chief Kristalina Georgieva warned that “uncertainty is the new normal,” U.S. President Donald Trump reignited global tensions with a new wave of 100% tariffs on Chinese goods, plunging financial markets into chaos and rekindling fears of a global

By Harshit | October 11, 2025 | New York, NY The head of JPMorgan Chase, Jamie Dimon, has issued a stern warning to investors worldwide, cautioning that the likelihood of a sharp downturn in U.S. stocks is much higher than most market participants anticipate. In an exclusive interview with the BBC, the CEO of America’s