European Commission President Ursula von der Leyen has announced that the European Union and the Philippines have agreed on a free trade deal following talks with Philippine President Ferdinand Marcos Jr. Von
by Our Economic Affairs Editor The annual Container Port Performance Index issued by the World Bank yesterday offers a blunt reminder of how fragile, yet indispensable, the global maritime system has become.
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Apple on Tuesday unveiled its slimmest iPhone to date, the iPhone Air, marking the biggest design update in years while keeping prices steady despite global economic pressures. The new smartphone, which measures
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Analysis of World Bank bilateral lending data is leading some observers to conclude that China is no longer a net provider of bilateral credit to the Global South. Repayments and debt servicing
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Japan’s SoftBank has agreed to invest $2 billion in Intel, the troubled US chipmaker, as the Trump administration considers taking its own stake in the company, the Financial Times reports. Under the
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Self-described “Spac King” Chamath Palihapitiya is making a high-profile return to special purpose acquisition companies (SPACs), launching a new blank-cheque vehicle after helping drive the pandemic-era SPAC boom that later fizzled. Palihapitiya,
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Indian refiner Nayara Energy Ltd. has carried out one of its first ship-to-ship fuel transfers since being hit by European Union sanctions, in an apparent effort to maintain exports despite mounting restrictions,
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The United Nations Conference on Trade and Development (UNCTAD) has sounded a stark warning about the continuing fall in global foreign direct investment (FDI), calling for urgent international action to prevent long-term
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PricewaterhouseCoopers LLP (PwC) is facing escalating turmoil in Hong Kong, as the global accounting giant grapples with the aftershocks of its controversial audits of China Evergrande Group, one of the country’s most
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China’s BYD, the world’s leading electric vehicle (EV) manufacturer, is preparing to make a bold move into one of the most distinct corners of Japan’s car industry — the $18 billion kei
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The decade-long shale boom that made the United States the world’s top oil producer is showing signs of faltering as Donald Trump’s renewed trade tariffs and falling crude prices squeeze the industry’s
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As diplomatic tensions between India and Pakistan flare once again following a deadly attack in Indian-administered Kashmir, a striking reality lies beneath the surface: informal trade between the two nations remains robust
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In the past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to 99% of
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Hong Kong billionaire Li Ka-shing’s CK Hutchison is at the center of renewed scrutiny after the U.S. President Donald Trump claimed that “China is operating the Panama Canal.” The remark has reignited
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Gold prices soared to an all-time high on Wednesday as investors sought safe-haven assets amid worsening trade tensions between the United States and China. Spot gold climbed 1% to reach $2,858.12 per
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Honda’s recent proposal to turn Nissan into a fully owned subsidiary could bring the $58 billion merger talks between the two Japanese automakers to a standstill, potentially jeopardizing plans to create the
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