The Federal Reserve kept its benchmark interest rate unchanged at 3.5%-3.75%, citing economic expansion despite geopolitical tensions and inflation concerns. Policymakers are monitoring data, with expectations shifting away from rate hikes this year. Bitcoin dipped slightly following the announcement.
Australian property market activity has significantly slowed due to interest rate hikes, Labor's tax reforms, and global economic uncertainty. Investor and first home-buyer applications have dropped, leading to a 'buyer's strike' and a 'recalibration period' for the market.
Australia's housing market is experiencing a significant slowdown in investor activity following recent interest rate hikes and Labor's tax reforms, including the abolishment of negative gearing, leading to decreased buyer confidence and a sharp drop in auction clearance rates.
Australia's housing market experiences a significant slowdown in investor activity following recent interest rate hikes and Labor's tax reforms, including the abolishment of negative gearing, leading to decreased buyer confidence and a sharp decline in sales.
South Korean President Lee Jae-myung stated that South Korea and Italy are optimal partners to navigate global economic uncertainty, highlighting potential cooperation in AI, semiconductors, aerospace, bio, healthcare, and cosmetics.
A survey by Ipsos for Allianz Partners reveals a shift towards domestic travel for summer holidays, with 41% of Italians and 42% globally preferring local destinations due to economic and geopolitical tensions. Travelers are adapting by choosing closer locations and prioritizing experience-driven trips.
UK companies are increasingly hiring temporary workers over permanent staff due to economic uncertainty, higher costs, and political turbulence, leading to a 10-month low in permanent recruitment and modest salary growth.
The US added 172,000 jobs in May with an unchanged unemployment rate of 4.3%, indicating a resilient labor market. Despite this, US stocks fell sharply due to a sell-off in AI chip stocks, with the Nasdaq down 4%.
Broadway's 2025-2026 season achieved a record $1.91 billion in ticket sales, with a 3.5% increase in grosses, 1.8% in attendance, and 1.7% in average ticket prices, despite economic concerns, highlighting the resilience of live entertainment demand.
Russia's St. Petersburg International Economic Forum, often dubbed Russia's Davos, commences today under the dual pressures of Ukrainian drone attacks and increasing economic instability.
German households are expected to save less in 2026, with the savings rate dropping to 10.2% due to higher energy prices linked to the Iran conflict. DZ Bank forecasts slower growth in household assets and anticipates better prospects in 2027 if the conflict de-escalates.
The Ifo Business Climate Index rose to 84.9 points in May from 84.5 in April, defying expectations of a decline. While companies are slightly more satisfied with current business, the overall economic situation remains fragile, with stagnation expected for Q2 and 0.6% growth for the year.
Rents in Tehran have surged 30-40% year-on-year, outpacing wage growth and straining tenants. Despite government caps and loans, affordability remains a major issue, exacerbated by economic instability and the lingering threat of conflict.
G7 finance ministers and central bankers convene in Paris to discuss the Middle East conflict's economic impact, rising inflation, and energy supply concerns. Discussions also include Australia's foreign investment review and the US Federal Reserve's leadership change.
New US college graduates are entering a challenging job market marked by economic uncertainty, government funding cuts, and the growing impact of AI, leading to increased competition and dampened job prospects.
Foreign investors have withdrawn Rs 27,048 crore from Indian equities this month, continuing a trend that has seen Rs 2.2 lakh crore exit in 2026. Global macroeconomic uncertainty, geopolitical tensions, and a strong US dollar are cited as key drivers.
Asia sees a 20-year high in capital expenditures across sectors like defense, AI, and energy, driven by geopolitical crises and trade disputes. Morgan Stanley predicts a 'super cycle,' boosting economic power and jobs in the region.
The escalating US-China legal arms race, amid the US-Iran conflict disrupting global energy and economies, forces businesses worldwide to navigate conflicting regulatory regimes, risking non-compliance with one side while adhering to the other.
US President Donald Trump meets Chinese leader Xi Jinping in Beijing amidst a fragile trade truce, strategic rivalry, and global disruption from the US-Iran war, focusing on stability and practical outcomes.
Uline, owned by billionaire Trump supporters Richard and Elizabeth Uihlein, pauses construction of a 1m sq ft distribution facility in Kenosha, Wisconsin, citing economic uncertainty, with plans to reassess by 2027 or later.
US President Donald Trump's visit to China amid US-Iran war and global energy uncertainty, with China diversifying trade relationships to minimize external vulnerabilities
The Indian Rupee hit a record low of 95.63 against the US dollar amid escalating geopolitical tensions and fragile investor sentiment. Intensifying Middle East conflict, rising oil prices, and sustained foreign fund outflows are pressuring the currency. This economic uncertainty is also reflected in a significant dip in domestic stock markets.
US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In this story, part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we examine how artificial intelligence (AI), chip controls and competing technology ecosystems are redefining US-China rivalry. Nvidia CEO Jensen Huang was the...
US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the latest instalment of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, Amber Wang looks at the prospects for joint progress on military use of AI. China and the United States are facing calls to discuss the safe military use of...
