Global economy
Rosneft CEO Igor Sechin has reaffirmed his confidence in Russia's economy, stating that despite unprecedented external pressure, the country will overcome it and emerge victorious. Speaking at the XXVIII St. Petersburg International Economic Forum, Sechin referenced a World War II-era phrase, "Our cause is just, the enemy
International trade
The United Arab Emirates (UAE) has seen a record-breaking surge in foreign direct investment (FDI), with a 48% annual increase reaching AED 167 billion in 2024, according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. This significant development is driven by the UAE's
International trade
Poland and China have taken a step forward in enhancing economic cooperation and mutual understanding between the two nations. A recent forum held in Warsaw, featuring high-profile representatives from both countries, has emphasized the importance of maintaining an open and cooperative global environment. China's charge d'affaires,
International trade
The Organisation of the Petroleum Exporting Countries (OPEC) has expressed confidence in the global economy's ability to maintain its resilience through 2025, despite growing concerns over international trade disputes. The oil cartel has reduced its projection for crude supply growth from non-OPEC+ producers in 2026, while maintaining its
Tariffs
As the global economy grapples with rising uncertainty, investors are flocking to gold as a safe haven asset. The metal has surpassed the euro to become the world's second-largest reserve asset among central banks, passing a record buying spree. Central banks hold gold as a kind of rainy
Tariffs
As world leaders gather in the Canadian Rockies for the G7 summit, the global economy will be on high alert as discussion of the U.S. trade war, sparked by President Donald Trump's combative tariffs, is expected to dominate the sidelines rather than the official agenda. Despite Canada
Tariffs
As the G7 summit in Kananaskis, Alberta, gets underway, world leaders are preparing to navigate the complex terrain of U.S. President Donald Trump's trade policies, which have severely disrupted the global economy. While the official agenda focuses on security, critical-mineral supply chains, artificial intelligence, and private-sector investment
Economic growth
Rising interest rates and elevated spending pressures are causing fiscal headaches worldwide, as governments' grand plans for borrowing bump up against hardening resistance in sovereign bond markets. The US remains firmly in the eye of the brewing storm, with President Donald Trump's tax bill expected to push
Economic growth
Vietnam is positioning itself at the forefront of the Fourth Industrial Revolution, with the country's strategic technologies and AI-driven economy projected to contribute significantly to global economic growth. According to the report 'Vietnam's AI Economy 2025', the nation has the potential to unlock a
Economic growth
The World Bank has revised its global economic growth forecast down to 2.3% for 2025, marking the slowest pace in 17 years. The forecast is impacted by global uncertainties, natural disasters, and trade-related disruptions. According to the World Bank's Global Economic Prospects report, this would be the
Economic growth
The World Bank has sustained its prediction for Nigeria's economic growth, estimating it to reach 3.6 percent in 2025, driven by advancements in the services sector. This forecast comes as the institution reduced its estimate for global economic growth to 2.3 percent in 2025 due to
Tariffs
Top officials from the US and China are meeting in London on Monday to negotiate a trade truce and resolve differences over tariffs and supply chains. The delicate talks come at a critical juncture for the global economy, slowed by uncertainty and supply chain disruptions. The US delegation, led by
