Bank of Japan Raises Interest Rate to 31-Year High of 1%
The Bank of Japan has raised its policy interest rate from 0.75% to around 1%, the highest level since 1995. The increase follows a rise in global energy prices and…
Spain Tourism Heads For Another Record As Housing Tensions Grow
Spain could receive 100 million international tourists in 2026 as geopolitical instability redirects some travellers from the Middle East and eastern Mediterranean. The expected growth is also adding pressure to…
Bank Of England Holds Interest Rates As Energy Costs Raise Prospect Of An Increase
The Bank of England has kept its benchmark interest rate at 3.75% for a third consecutive meeting, leaving borrowing costs at their lowest level since February 2023. Further cuts had…
Investment And Energy Help U.S. Economy Withstand Global Shocks
The U.S. economy has continued to grow despite tariffs, immigration restrictions, energy disruption, and persistent inflation, supported by business investment, productivity gains, domestic energy production, and flexible financing markets. The…
Caribbean beachfronts face privatization as developers ringfence local access
Local beach access in parts of the Caribbean is shrinking as large resort developers build exclusive complexes that restrict shorelines historically used by residents, campaigners, lawyers and local officials say.…
Airlines and booking sites list Western Sahara as Morocco amid tourism boost and legal concerns
Airlines and travel platforms are increasingly marketing destinations in Western Sahara as part of Morocco, even as rights groups and legal experts warn this risks legitimising Morocco’s occupation and misinforming…
East Africa’s mitumba trade persists as governments weigh taxes and local industry support
Second-hand clothing markets across East Africa remain crowded despite policy moves to curb imports, and governments face a tension between protecting local garment makers and preserving livelihoods tied to the…
Former World Bank President Urges China To Release Food And Fertiliser Stockpiles Amid Global Supply Crisis
Former World Bank president David Malpass has urged China to reduce its stockpiling of food and fertiliser, arguing that the country could help ease growing global shortages linked to disruptions…
US Economy Adds 115,000 Jobs In April Despite Energy Shock From Iran Conflict
The United States economy added 115,000 jobs in April, exceeding economist expectations despite rising energy costs and economic uncertainty linked to the US-Israel conflict with Iran. Data released by the…
Bank Of England Warns Global Stock Markets May Fall As Risks Outpace Current Valuations
The Bank of England has signaled expectations of a potential global stock market decline, with deputy governor Sarah Breeden stating that current asset prices do not reflect the scale of…
Dubai Tourism And Hospitality Sector Hit By War As Visitor Numbers Collapse And Revenues Drop
The ongoing conflict involving the United States, Israel, and Iran has sharply reduced tourism activity in Dubai, leading to steep revenue declines across restaurants, hotels, and travel-related businesses. Hospitality operators…
Gold Prices Pull Back After Record Highs As Volatility Raises Investor Questions
Gold prices have declined sharply after reaching record highs earlier this year, introducing new volatility into a market that had attracted strong investor demand. The precious metal, which surged above…
US Hiring Rebounds In March With 178,000 Jobs Added As Unemployment Falls
U.S. employers added 178,000 jobs in March, marking a rebound after a sharp decline the previous month, according to new data from the Department of Labor. The increase exceeded consensus…
China Cuts Fuel Price Hike As Iran Conflict Drives Global Oil Surge
China has reduced planned increases in fuel prices as global energy costs rise amid the Iran conflict, aiming to ease pressure on drivers while managing domestic supply concerns. The price…
Weight Loss Drug Price Cuts In US Spur Direct To Consumer Sales Shift
Falling prices for GLP-1 weight-loss drugs in the United States are reshaping how pharmaceutical companies sell treatments, with more patients paying out of pocket and drugmakers turning to direct-to-consumer channels.…
Oil Prices Fall And Global Stocks Rise After Trump Delays Potential Strikes On Iran
Global financial markets shifted sharply after Donald Trump said the US would postpone potential strikes on Iranian energy infrastructure, citing what he described as constructive discussions about ending the conflict.…
Why Gas Prices Are Climbing After Qatar LNG Disruption And How It Could Affect You
A major gas facility in Qatar has been hit by missile strikes, causing extensive damage and disrupting global energy markets, according to QatarEnergy. The attack targeted Ras Laffan Industrial City,…