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The IMF warns that ongoing conflict in the Middle East, especially the closure of the Strait of Hormuz, is causing the largest disruption to the global oil market in history. This is leading to higher energy and food prices, impacting economies worldwide and slowing growth, with vulnerable countries most at risk.
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Recent winter storms in California have caused severe flooding, mudslides, and road closures, especially in Santa Barbara and the Bay Area. Heavy rain, high tides, and thunderstorms have led to fatalities, airport closures, and widespread infrastructure damage amid ongoing heavy rainfall.
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As of January 2026, China reported a record $1.19 trillion trade surplus for 2025, driven by a 5.5% rise in exports to $3.77 trillion despite US tariffs. Chinese firms shifted focus to Southeast Asia, Africa, and Europe amid sluggish domestic demand and a moribund property market. EV exports doubled, with China surpassing Tesla as the top EV maker in 2025.
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Lebanese military reports the completion of the first phase of a plan to disarm Hezbollah and other non-state groups, asserting full sovereignty and control over borders, airports, and smuggling activities. The move follows recent conflict and economic crisis, with ongoing debates over security and reforms.
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New York City saw a net decline in business formation in Q2 2025, with more closures than startups, reflecting economic challenges post-pandemic and impacts from tariffs. The city’s labor market also slowed, raising concerns about future growth and recovery.
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The global economy remains resilient in 2026, with steady growth projected at 3.3%. Experts highlight private sector strength, AI investment, and strong institutions as key drivers, despite ongoing trade tensions, high debt levels, and inequality concerns. Policymakers warn against complacency.
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The Dubai-based Al Habtoor Group announced it will cease operations in Lebanon, citing ongoing instability, legal disputes, and losses exceeding $1.7 billion. The decision follows years of economic meltdown, conflict damage, and restrictions on access to funds, with legal action imminent amid deteriorating business conditions.
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Russian oil revenues have fallen to their lowest levels since the COVID-19 pandemic, due to US and EU sanctions, tariff pressures, and a crackdown on sanctions-dodging tankers. President Putin is borrowing and raising taxes to maintain finances, but economic strains persist amid slowing growth and inflation. The situation highlights the impact of Western sanctions on Russia's war economy.
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Sri Lanka's parliament passed a bill to stop pension payments to lawmakers who already receive or qualify for pensions, fulfilling President Dissanayake's campaign promise amid ongoing economic crisis. The move aims to reduce government spending as the country recovers from bankruptcy and debt restructuring.
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The US economy shows steady growth with IMF forecasts, while Egypt's reforms lead to economic recovery and debt relief. Both countries face challenges in structural reforms and external pressures, but recent data indicates progress in stability and growth.
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Recent geopolitical tensions and energy shocks are reshaping global markets. Europe faces potential gas shortages amid conflicts in the Middle East, while falling renewable costs offer developing countries new energy options. These shifts could influence prices, security, and economic stability worldwide.