Tag: global economy

US National Debt Surpasses $40 Trillion Amid Rising Borrowing, Interest Costs

US national debt hits $40.05 trillion, more than doubling since 2017. Rising…

Global Oil Prices Spike as US-Iran Stalemate Deepens Over Strait of Hormuz

Global crude oil prices extended a strong rally on Tuesday, climbing significantly…

US, Japan Conduct Historic Joint Intervention to Rescue Weakening Yen

The United States and Japan have executed their first coordinated currency market…

Trump Threatens EU with Heavy Tariffs, Trade Probe Over €890 Million Google Fine

United States President Donald Trump has threatened the European Union with substantial…

Mandela Day 2026: UN Chief António Guterres Rallies Global Action Against Poverty, Inequality

UN Secretary-General António Guterres marked Nelson Mandela International Day with a strong…

World Bank Eyes $100bn Aid for Developing Nations

The announcement followed the release of the bank’s latest economic outlook Bank…

Isaac Adegboye

Lagarde Warns Against Erosion of Central Bank Independence

Lagarde said the challenge facing monetary institutions today is no longer simply…

Isaac Adegboye

Tensions Escalate As Iran Warns US Over Strait of Hormuz Naval Escorts

Iran has warned that any United States interference in the Strait of…

Middle East War To Trigger 24% Surge In Global Energy Prices — World Bank

Tensions in the Middle East, particularly around the Strait of Hormuz, have…