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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

US sanctions 9 mainland China and Hong Kong entities over alleged Iran military links

South China Morning Post – World · China

The United States has sanctioned a total of nine mainland Chinese and Hong Kong companies and individuals accused of helping Iran’s military. The decision, whi…

Geopolitics

Trump appeals latest court loss on tariffs as chaos and uncertainty amp up

South China Morning Post – World · China

US President Donald Trump filed an appeal on Friday after the latest legal setback to his signature tariff policy, piling on more chaos and global uncertainty …

Geopolitics

Hungary's new government pushes for euro by 2030

Deutsche Welle (DW) – World · Europe

Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and …

Geopolitics

Prices surge, jobs disappear as war strains Iran’s economy

Al Jazeera – News · Middle East

New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as we

Geopolitics

Jobs are up, but so is the gap: Decoding India’s wage reality

Times of India – World · India

While India's workforce participation has increased, a deeper look reveals significant disparities. More people are working, but many are in self-employment or…

Geopolitics

Where in the World Is All That Gold Stored?

The New York Times – World · US

As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.

Geopolitics

US economy grows 2% in January–March; Iran war clouds outlook

South China Morning Post – World · China

The US economy accelerated at the start of 2026, expanding at a modest 2 per cent pace from January through March after recovering from last fall’s 43-day fede…

Geopolitics

Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive

South China Morning Post – World · China

Operating costs for Hong Kong’s industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, accordi…

Geopolitics

Oil price tops $120 a barrel after Trump warns Iran blockade could last ‘months’

The Guardian – World · Europe

Oil markets spooked as US president appears willing to maintain US Navy blockade and Iran keeps strait of Hormuz all but shut The price of Brent oil soared abo…

Geopolitics

Why China may benefit from the UAE’s Opec withdrawal amid Iran war oil crisis

South China Morning Post – World · China

China may gain from the United Arab Emirates (UAE) withdrawing from the Organisation of Petroleum Exporting Countries (Opec), benefiting from additional supply…

Geopolitics

Trump warns US naval blockade against Iran could last months, sending oil soaring

South China Morning Post – World · China

US President Donald Trump said that a US naval blockade against Iran could last months, leading oil prices Wednesday to spike to their highest in more than fou…

Geopolitics

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

The Guardian – World · Europe

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflictBritain is facing a £35bn economic hit and the …

Geopolitics

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

The Guardian – World · Europe

Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next TuesdayFollow our Australia news live blog for latest…

Geopolitics

China’s Economy Starts to Show Cracks From Iran War

The New York Times – World · US

China’s strategic reserves of oil and natural gas have insulated it somewhat, but its manufacturing-based economy is beginning to falter.

Geopolitics

The cost of bringing down inflation in India, U.S. and U.K. | Data

The Hindu – World · India

While the Fed pulled it off at near-zero cost to the U.S. economy, Britain paid with a recession; India avoided a downturn but now faces a currency crisis

Geopolitics

For the US dollar, a subtler shift than a ‘petroyuan’ order is underfoot

South China Morning Post – World · China

In the span of a few days earlier this month, developments that usually sit in separate policy compartments began to converge. Abu Dhabi’s crown prince arrived…

Tech & Startups

Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’

TechCrunch · US

Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that's befalling him as an investor.

Geopolitics

As Putin Orders That the Economy Be Fixed, Russia Grasps for Solutions

The New York Times – World · US

Another interest-rate cut highlights the narrowing path for the country’s central bank amid the strains of immense wartime spending.

Geopolitics

German economy growth forecasts halved

Deutsche Welle (DW) – World · Europe

Germany's economy continues to falter under the shock of soaring energy prices. In the wake of the Iran war, the German economy minister has had to cut her own…

Geopolitics

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

The Guardian – World · Europe

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different viewGet our breaking news email, free app…

Geopolitics

China weathered Trump's tariffs - but the Iran war is taking a toll

BBC News – World · Europe

The Middle East conflict is putting pressure on factory orders, costs and jobs in China's export-driven economy.

Geopolitics

Ukraine restarts Russian oil to Europe, unblocking 90-billion-euro EU loan

Al Jazeera – News · Middle East

Resumption of oil deliveries enables Hungary to lift veto, with EU's 27 members now on track to formally approve loan.

Geopolitics

China’s battery makers stand to gain as Iran war reshapes energy storage demand: Fitch

South China Morning Post – World · China

Chinese battery cell manufacturers are poised to benefit from the US-Israeli war in Iran, according to Fitch Ratings, even as fierce competition, overcapacity …

Geopolitics

Hoarding Is Driving Energy Prices Higher Everywhere

The New York Times – World · US

As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.

Geopolitics

America First Fed? Trump nominee Kevin Warsh signals ‘monetary sovereignty’ push: analysts

South China Morning Post – World · China

US Federal Reserve chair nominee Kevin Warsh’s policy vision – outlined during his Senate confirmation hearing – signals an extension of “America First” into m…

Geopolitics

UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years

The Guardian – World · Europe

Bank of England expected to keep interest rates on hold as Iran war casts shadow over labour marketBusiness live – latest updatesUnemployment in the UK unexpec…

Geopolitics

Businesses can claim refunds for Trump tariffs ruled unconstitutional from April 20

The Hindu – World · India

Importers and their brokers will be able to begin claiming refunds through an online portal beginning at 8 a.m., according to U.S. Customs and Border Protectio…

Geopolitics

Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

The Guardian – World · Europe

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidenceA quarter of a million people could lose thei…

Geopolitics

The Iran War Sent Shock Waves Through Asia That Are Likely to Spread

The New York Times – World · US

The Asia-Pacific was hit hard and quick by the war in Iran and its energy bottlenecks. Scenes of crisis there indicate that problems are multiplying and spread…

Geopolitics

Canada PM Carney calls U.S. economic ties a ‘weakness’ that needs correction

The Hindu – World · India

Mark Carney said tariffs imposed by U.S. President Donald Trump have affected workers in the auto and steel industries

Geopolitics

Messy War, Happy Stock Markets

The New York Times – World · US

On the surface, the recent rally doesn’t seem to make sense: Oil prices are high and a peace deal with Iran remains elusive. Here’s what’s going on.

Geopolitics

Australia scrambles to secure energy as war on Iran fuels uncertainty

Al Jazeera – News · Middle East

Heavily dependent on imported oil, Australia looks for quick fixes from regional diplomacy to free train rides.

Geopolitics

China’s PBOC raises leverage ratios for foreign lenders to support outbound investment

South China Morning Post – World · China

Beijing has raised the limit on banks’ overseas lending – a move that analysts say will support Chinese firms in outbound investment expansions while helping t…

Geopolitics

Why biggest threat to US’ global dollar dominance may well be Washington itself

South China Morning Post – World · China

China has crafted markets, mechanisms and incentives as the world’s largest buyer of commodities in a bid to free itself from its dependence on the US dollar, …

Geopolitics

Weaker rupee makes India 6th largest economy: IMF data

Times of India – World · India

Here are four clear bullet points summarizing the article: • Determine monthly loan installments using a calculator. • Estimate returns on investments made th…

Geopolitics

Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures

The New York Times – World · US

The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts.

Geopolitics

Economic shock from Iran war risks driving up global debt levels, says IMF

The Guardian – World · Europe

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recess…

Geopolitics

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

The Guardian – World · Europe

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loserIran war escalation could trigger global recession, IMF w…

General

Oil prices may be starting to come down for a worrisome reason

NBC News – World · US

Oil prices have started to slip — but not necessarily for reasons that suggest a return to market normalcy

Geopolitics

Middle East War Will Slow Global Economic Growth, I.M.F. Warns

The New York Times – World · US

The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

Geopolitics

Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar credibility teeters

South China Morning Post – World · China

Faltering confidence in the US dollar has handed China a “golden window of opportunity” to promote the global use of its currency, according to a former head o…

Geopolitics

Iran war could plunge 32 million into poverty, says United Nations

The Guardian – World · Europe

‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growthMore than 32 million people worldwide could be plunged i…

Geopolitics

Why Investing in Wind and Solar to Avoid Gas Shocks Hasn’t Added Up for Some

The New York Times – World · US

Renewable energy is cheaper to run than fossil fuels, especially with war choking oil supply. But it hasn’t turned out that way for some European countries, an…

Geopolitics

I.M.F. Says Iran War Will Drag Global Growth Lower

The New York Times – World · US

Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest …

Geopolitics

Venezuela Approves New Law to Open Mining to Foreign Investors

The New York Times – World · US

The move opens the country’s coveted mineral fortune up to foreign investors, the latest move that Venezuela’s leadership has taken to satisfy the Trump admini…

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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. All copyrights remain with the original publishers, and proper attribution is maintained for every article displayed.

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