Latest news and articles about economy from NEX English
The International Monetary Fund has warned that Sri Lanka's recovery from its worst economic crisis is under significant threat due to the impacts of the ongoing war in the Middle East. This warning follows the IMF's approval of a new disbursement of <strong>$695 million</strong> as part of a <strong>$2.9 billion</strong> rescue program for the country.
The United States has warned Oman against engaging in any efforts to impose fees in the Strait of Hormuz, emphasizing that it will penalize any partners involved in such a system. This statement was made by US Treasury Secretary Scott Bissent.
Charles Evans, former president of the Federal Reserve Bank of Chicago, emphasized that China has a unique opportunity to internationalize its currency, the yuan, by enhancing its local financial markets. This comes amid growing discussions on how to elevate the yuan to a global currency status.
Iran has partially restored internet access after an 88-day outage, but communication with the outside world remains challenging. The disruption has significantly impacted the economy and society.
Economic data from the U.S. Department of Commerce reveals that core inflation increased by <strong>3.3%</strong> year-on-year in April, indicating ongoing inflationary pressures on consumers. These figures may influence the Federal Reserve's monetary policy decisions.
Turkey intends to borrow more than <strong>1.8 trillion lira</strong>, equivalent to <strong>$40 billion</strong>, over the next three months. This decision comes as the government seeks to address its increasing financial requirements amid economic challenges.
Kohl's, the American retail giant, has reported a significant improvement in its comparable sales, achieving its best performance in four years. This comes despite a decline in revenue, as detailed in its first-quarter financial report.
Recent reports from Ned Davis Research indicate signs of a new economic cycle for semiconductors, despite ongoing debates about a potential bubble in the sector. This comes at a time when the global market is experiencing a significant shift in demand for these essential components.
American billionaire Peter Thiel has announced his settlement in Argentina, reflecting his concerns about the future of the United States. This move aligns with his ideological proximity to the right-wing leadership in Argentina.
Nomura Holdings, Japan's largest investment bank, announced a 50% increase in its profit targets for the fiscal year 2030/31, demonstrating confidence in its ability to adapt to market fluctuations. The group aims to achieve a pre-tax income of at least <strong>750 billion yen</strong> (approximately <strong>4.7 billion USD</strong>).
Palm oil farmers in Indonesia are urging the government to intervene swiftly to restore declining prices, which have dropped significantly due to market volatility. This call comes from the Indonesian Palm Oil Farmers Association (Apkasindo) in Jakarta.
Economic relations between the European Union and China are entering a new phase of complexity as Brussels seeks to reduce reliance on Beijing amid escalating trade and technological disputes. China responds with accusations of disguised protectionism against the EU.
Iranian President Masoud Bezhakian has ordered the activation of the country's logistical and commercial capabilities. This initiative aims to stabilize the Iranian market by developing alternative trade corridors in response to restrictions on southern outlets.
Stefan Siegen, Vice President of the European Commission, emphasized the need for decisive measures to tackle the trade challenges posed by China, warning of potential economic risks for Europe if effective steps are not taken.
Data from Fidelity's first-quarter report reveals a decrease in the number of millionaires with 401(k) accounts in the U.S. However, workers are saving at record rates, indicating improved financial behavior among Americans.
Kaja Kallas, the EU's chief diplomat, expressed concerns over the increasing dependency on China, suggesting that ending this reliance may require painful measures. This comes as Chinese imports rise, threatening the European manufacturing sector.
Oil prices fell today, heading towards their largest weekly loss since early April 2026. This decline follows reports of an agreement between Washington and Tehran to extend the ceasefire, although the agreement has not yet been ratified.
The dollar stabilized against major currencies on Friday but is on track for a weekly loss due to news of a potential agreement between the US and Iran to extend a ceasefire. This development has implications for geopolitical tensions and market stability.
Air travel in the Middle East saw a significant decline in April 2023, with a notable drop in passenger numbers. This downturn reflects major challenges facing the aviation sector in the region.
On May 29, 2026, the world witnessed a series of significant events impacting numerous countries. This article summarizes the key news shaping the global landscape on this day.
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, emphasized that combating inflation remains a top priority, warning that consumer prices are still 'very high.' This statement was made during a conference in Japan, where he noted that the labor market is currently in good shape.
Gardenia, a Malaysian company, has announced the relocation of its production from Singapore to Johor, resulting in the layoff of 141 employees in Singapore. This move aims to improve efficiency and maintain competitiveness in a changing global market.
Toyota has reported a significant decline in sales during April 2026, with a year-on-year drop of 3.1%. This downturn is attributed to weak demand in the Middle East and China, negatively impacting the company's performance.
Last week, the United States experienced a significant drop in crude oil, gasoline, and distillate inventories, reflecting global market fluctuations. This decline occurs at a sensitive time when the U.S. economy faces multiple challenges.
Postal services in Hong Kong are experiencing a significant decline, with reports indicating that the post office in the busy Causeway Bay area received very few customers during peak hours. This downturn reflects a global crisis facing traditional postal services.
U.S. stocks experienced mixed movements on Wednesday, with strategists raising their year-end forecasts for the S&P 500 following a strong earnings season. This comes as traders consider the possibility of a peace agreement to end the ongoing conflict in Iran.
Iranian state television reports an unofficial draft of a peace agreement indicating that the Strait of Hormuz will return to normal within a month. This comes alongside the end of the U.S. maritime blockade, leading to a drop in global oil prices.
Iran is facing increasing economic pressures following over a month and a half of the US maritime blockade, leading to dwindling oil revenues and worsening inflation. The situation is critical for the Iranian government as it grapples with these challenges.
Al-Ghad newspaper has released a new edition focusing on the topic of installments and their impact on the local economy. This issue includes in-depth analyses of the current situation and market trends.
This year, Syrians are welcoming Eid al-Adha with optimism, as shops are bustling with shoppers and family visits continue, despite the economic pressures they face.