Some of the world’s leading central banks are set to meet this week against the backdrop of rising geopolitical tensions and a renewed surge in energy prices, with policymakers facing a familiar dilemma: whether to prioritise growth or respond to the risk of resurgent inflation.The Federal Reserve, European Central Bank,…
Cuba’s fragile economy is facing renewed strain as US pressure intensifies, raising concerns about how far the situation could escalate.President Donald Trump said on Monday he expected to have the “honour of taking Cuba”, adding that he could do anything he wants with the island.The remarks come as Cuba deals…
Oil prices surged past $100 last week as flows through the Strait of Hormuz slowed. Tankers hesitated, insurers raised premiums, and traders began adjusting portfolios. The US asked its allies to secure the passage — a straightforward request in any previous crisis. This time, the response was almost universally negative.That refusal…
Nearly one-third of domestic digital payment transactions in India are now credit-driven, executed through credit cards or EMI-based financing, according to a study analysing transactions across more than 20,000 merchants.The finding reflects a broader shift underway in how Indian households manage money. Credit, once associated largely with buying homes or…
US stocks opened higher on Monday as Wall Street attempted to rebound from a difficult week, while oil prices retreated after a sharp rally driven by escalating tensions in the Middle East.The Dow Jones Industrial Average climbed 305 points, or 0.66%, while the S&P 500 gained 0.9%. The Nasdaq Composite…
After rising 2.3% in January, Canada’s Consumer Price Index (CPI) increased 1.8% year over year in February, pointing to easing price pressures.The slowdown in annual inflation largely reflects base-year effects.According to Statistics Canada, the main factor behind the lower headline CPI was price increases recorded in February 2025, when the…
European financial markets saw a mix of developments on Monday as investors navigated easing oil prices, corporate deals, and significant business disruptions across the region. The pan-European STOXX 600 rebounded after early losses as crude prices pulled back, offering relief to markets rattled by the escalating Middle East conflict. Meanwhile,…
US stocks closed higher on Monday as investors returned to equities after several weeks of pressure linked to the escalating Iran conflict, while oil prices declined from recent highs.The Dow Jones Industrial Average gained 387.94 points, or 0.83%, to close at 46,946.41. The S&P 500 rose 1.01% to 6,699.38, marking…
Global markets opened on Tuesday, navigating a mix of monetary tightening, geopolitical tensions, and rapid advances in the AI space.Australia’s central bank pushed interest rates higher as inflation risks persist, while oil prices surged amid uncertainty around the US-Iran war.In technology, Samsung and Nvidia signalled deeper collaboration in AI chip…
Oil prices surged past $100 last week as flows through the Strait of Hormuz slowed. Tankers hesitated, insurers raised premiums, and traders began adjusting portfolios. The US asked its allies to secure the passage — a straightforward request in any previous crisis. This time, the response was almost universally negative.That refusal…