Current Affairs
Latest Insights & Stories from Around the World
Source: South China Morning Post – World ·
GeopoliticsMainland Chinese firms on Hong Kong-led trip to Central Asia eye city listing: John Lee
Many mainland Chinese businesses that joined a Hong Kong-led delegation to Central Asia last month are preparing to list in the city to raise capital for global expansion, Chief E…
Source: Indian Express – World ·
GeopoliticsTrump’s blockade, oil shock, toll: Key questions answered on renewed Iran war
- **US-Iran conflict escalates** with strikes for three nights, US reimposes naval blockade and 20% Hormuz levy, citing compensation for securing oil routes. - **Oil prices surg…
Source: The Guardian – World ·
GeopoliticsFourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week
Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hikeResurgent oil and fuel prices could cement a fourth in…
Source: Al Jazeera – News ·
GeopoliticsOil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.
Source: Times of India – World ·
GeopoliticsAsian stocks fall over 2% as US-Iran tensions escalate in Hormuz; oil prices record jump
- TOI Business Desk provides global business news, covering markets, trends, and analysis to keep readers informed about economic developments. - Focuses on delivering in-depth …
Source: South China Morning Post – World ·
GeopoliticsAppetite for yuan assets sees London Clearing House accept dim sum bonds as collateral
The London Clearing House (LCH) has begun accepting offshore yuan-denominated Chinese government bonds as eligible non-cash collateral, marking a structural milestone in Beijing’s…
Source: Indian Express – World ·
GeopoliticsTrump’s 20% Hormuz cargo charge: What it means for India’s oil bill and trade
- **US imposes 20% levy on cargo through Strait of Hormuz**, citing security costs, raising concerns for India’s energy imports (40% crude, 60% LNG, 90% LPG via the route). - **…
Source: Times of India – World ·
GeopoliticsIndia's trade deficit hits 5-month high as imports surge
India's trade deficit reached a five-month high as imports surged significantly. Exports showed continued growth, but were overshadowed by increased import costs. Crude oil and fe…
Source: South China Morning Post – World ·
GeopoliticsDollar risks rising but Plaza Accord-style coordination not feasible now: ex-IMF adviser
With central banks prioritising domestic objectives, Plaza Accord-style exchange-rate coordination is now out of reach despite growing concerns over the dollar-centred monetary sy…
Source: Al Jazeera – News ·
GeopoliticsArgentina vs England World Cup tickets more expensive than France vs Spain
Prices for the Argentina vs England semifinal have seen a 34 percent increase over the past three days.
Source: NBC News – World ·
GeneralOil surges more than 9% after Trump reimposes Iran blockade
Trump said the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. Crude oil hit its highest price in about a month.
Source: Deutsche Welle (DW) – World ·
GeopoliticsKenya: What impact will Dangote's new refinery have on the region?
Is Kenya Africa's next major energy hub? A plan from Dangote Industries to build a massive refinery off the country's coast could reshape fuel supply, trade and economic growth ac…
Source: South China Morning Post – World ·
GeopoliticsHongkongers spend record HK$2,000 per month on cats as ‘silver’ feline market grows
Hongkongers are spending a record HK$2,062 (US$263) a month on pet cats, driven by a rapidly emerging “cat silver economy”, according to a survey. The Exhibition Group, organiser …
Source: Al Jazeera – News ·
GeopoliticsHow former Emir Sheikh Hamad bin Khalifa Al Thani built Qatar’s economy
Sheikh Hamad, who passed away aged 74 on Sunday, reshaped Qatar's economy by building lasting wealth and growth.
Source: Times of India – World ·
GeopoliticsRupee slips 39 paise against US dollar as oil prices soar again
The Indian rupee opened lower against the US dollar on Monday. Soaring crude oil prices and Middle East tensions dampened market sentiment. Brent crude prices surged after Iran de…
Source: South China Morning Post – World ·
GeopoliticsSouth Korea’s foreigner-only casinos hit jackpot as Chinese tourists return
South Korea’s foreigner-only casinos are gaining renewed momentum this year, triggered by a steady recovery in inbound tourism and expectations of a surge in Chinese group travel …
Source: The New York Times – World ·
GeopoliticsAt World Cup Ticket Prices, Even Messi Can’t Fill a Stadium
The Argentine team and its superstar, Lionel Messi, have been among the biggest draws at the World Cup, but that was not enough to prevent vacant seats at its quarterfinal on Satu…
Source: South China Morning Post – World ·
GeopoliticsHong Kong developers ready new home launches amid forecasts of muted price increases
Some of Hong Kong’s largest developers, including Sun Hung Kai Properties (SHKP) and Wheelock Properties, are set to release new units in residential projects this month amid an e…
Source: The Hindu – World ·
GeopoliticsThe unfulfilled solar promise of India and Germany
Three years after both countries signed a landmark agreement to facilitate the migration of Indian solar technicians to Germany, not a single such technician has made the journey;…
Source: The Guardian – World ·
GeopoliticsCoal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investorFollow our Australia news live blog …
Source: South China Morning Post – World ·
Geopolitics‘Overcapacity’ talk reflects a West irked by China’s industrial rise
There is something odd about the debate on China’s “overcapacity”. Europe says the world needs cheaper and faster clean energy deployment, yet complains when China produces the so…
Source: South China Morning Post – World ·
GeopoliticsBlaming China won’t bring jobs back to ‘post-industrial’ economies
Almost anywhere you look these days, you can find claims from political, academic and other various sources that China’s supposed overproduction and exports of manufactured goods …
Source: The Guardian – World ·
GeopoliticsBurnham’s funding gap: what state are UK finances in for the PM-in-waiting?
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’An economy rattled by a global energy shock, jittery bond m…
Source: Al Jazeera – News ·
GeopoliticsState of emergency: Bolivia’s currency plummets as anger simmers
Bolivia’s President Paz declared a state of emergency after 50 days of protests against his policies.
Source: Indian Express – World ·
GeopoliticsWhy Pakistan has created a petroleum price stabilisation fund
Here are four clear bullet points summarizing the article: • Pakistan has created a Petroleum Prices Stabilisation Fund to cushion consumers from fuel price fluctuations. • The f…
Source: BBC News – World ·
GeopoliticsWhat to know about the looming deadline on North American free trade
The US, Canada and Mexico were to reach an agreement on whether to extend their free trade pact by 1 July. All signs point to them blowing past that deadline.
Source: South China Morning Post – World ·
GeopoliticsIran survived 3 months of war. Can it survive the aftermath?
Three months of war with the United States and Israel may not have broken Iran’s resistance, but its economy has been brought to its knees. Forty days of American and Israeli bomb…
Source: BBC News – World ·
GeopoliticsJust how much trouble is Canada's economy in?
Five charts help illustrate the state of Canada's economy - and how it's performing compared to other wealthy nations.
Source: The Guardian – World ·
GeopoliticsCalifornia’s proposed billionaire tax: what you need to know
Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposedFull story: California billionaire tax heads to ballotThe …
Source: South China Morning Post – World ·
GeopoliticsWhat fuels global trade imbalances: China’s overcapacity or America’s failure to adapt?
China’s industrial overcapacity should not be singled out for blame amid trade imbalances, as economies worldwide are struggling to adapt to shifts in the global economy, contribu…
Source: The Guardian – World ·
GeopoliticsUS Senate passes bipartisan bill to lower housing costs
21st Century Road to Housing Act, which aims to boost supply and stop investors buying up homes, heads to HouseSign up for the Breaking News US email to get newsletter alerts in y…
Source: Deutsche Welle (DW) – World ·
GeopoliticsHow inflation undermines Nigeria's sugar tax
Nigeria's sugary drinks tax was meant to stop rising diabetes rates, but soaring inflation has eroded its impact. Experts say the levy is too small to change behavior and urge hig…
Source: The Guardian – World ·
GeopoliticsAlan Greenspan, longtime head of the US federal reserve, dies aged 100 – reports
Greenspan served under the presidencies of Ronald Reagan, George HW Bush, Bill Clinton and George W BushAlan Greenspan, the influential economist who steered US monetary policy …
Source: The Guardian – World ·
GeopoliticsThames Water nationalisation moves closer as government ‘objects to rescue deal’
Environment secretary reportedly raises concerns that customers would face ‘undue burden’ from £10bn planThames Water should be nationalised, says BurnhamBusiness live – latest up…
Source: The New York Times – World ·
GeopoliticsThe Iran War Permanently Altered the Global Economy
The global order has been altered, and economies are unlikely to simply pick up where they left off before the U.S. and Israel began bombing Iran.
Source: South China Morning Post – World ·
GeopoliticsEU carbon tariff sows havoc in China as steel firms grapple with ‘absurd’ rules
As trade tensions between Beijing and Brussels continue to rise, China’s firms in the European Union have been forced to walk a delicate tightrope: expanding their presence in the…
Source: South China Morning Post – World ·
GeopoliticsWriting’s on the wall for the bond market – for those who can read it
There is a good deal more to the rapid rise in bond yields around the world, not least in Asia, than meets the eye. It suggests a recognition by financial markets that governments…
Source: South China Morning Post – World ·
GeopoliticsChasing billions: Indonesia’s commodity export crackdown sows confusion
Indonesia lost nearly US$1 trillion in resource wealth over a 34-year period due to deceptive trade practices, President Prabowo Subianto declared in parliament on May 20. That sa…
Source: Al Jazeera – News ·
GeopoliticsOil prices fall amid mixed signals on US-Iran peace deal
Japan's stock market surges to record high on hopes of an end to US-Israel war on Iran.
Source: The Guardian – World ·
GeopoliticsWith oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recessionIf a US-Iran deal is about to be reached, three months on from the l…
Source: The Guardian – World ·
GeopoliticsAustralian government plans for ‘worst-case scenario’ retail fuel rationing, documents reveal
Exclusive: With warnings world oil supplies are expected to hit ‘red zone’ by August, the Albanese government has considered its powers to enforce daily purchase limits for motori…
Source: The New York Times – World ·
GeopoliticsChina’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
Source: South China Morning Post – World ·
GeopoliticsChinese investment in Europe surges to 7-year high despite rising trade tensions
Chinese investment in Europe hit a seven-year high of €16.8 billion (US$19.5 billion) in 2025, driven by a strong rebound in mergers and acquisitions (M&A) and record greenfie…
Source: The New York Times – World ·
GeopoliticsInflation Fears Cloud G7 Economic Agenda as Iran War Persists
The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Source: The Hindu – World ·
GeopoliticsRupee falls to record low of 96.90 against U.S. dollar in early trade
At the interbank foreign exchange market, the Rupee opened at 96.89 against the U.S. dollar, then slipped further to 96.90, registering a fall of 20 paise from its previous close
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At Shalyam, our Current Affairs section curates headlines and brief excerpts from publicly available RSS feeds of reputed publications. Each item links back to the original source for full reading, ensuring that the rights of the respective publishers are respected under the Indian Copyright Act, 1957. We do not reproduce full articles; instead, we provide short snippets for reference along with our own commentary, insights, and fact-based analysis to support students, educators, and researchers in understanding the broader context. This approach combines trusted news reporting with Shalyam’s educational perspective, making the content both informative and value-added. All copyrights remain with the original publishers, and proper attribution is maintained for every article displayed.
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