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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Massive bailout for Australia’s largest aluminium smelter expected to be announced by PM and NSW premier

The Guardian – World · Europe

Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contractFollow our Australia ne…

Geopolitics

UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

The Guardian – World · Europe

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilit…

Geopolitics

Oil prices rise as attacks dent hopes for Strait of Hormuz reopening

Al Jazeera – News · Middle East

Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.

Geopolitics

Zambia to vote as economic hardship tests government reforms

Al Jazeera – News · Middle East

Debt restructuring, inflation and copper revenues are emerging as key issues in the vote.

Geopolitics

UPI MDR: What is being proposed, and who pays the final cost? Explained

Times of India – World · India

The government has clarified that UPI will continue to remain free for consumers and no transaction charges will be applicable to person-to-person payments. Th…

Geopolitics

Watch: India’s Russian oil imports hit 48% as U.S. readies 100% tariffs

The Hindu – World · India

Russia’s share of India’s crude oil imports hit an all-time high of 48% in June 2026, even as the United States moves closer to imposing tariffs of up to 100% …

Geopolitics

New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: minister

South China Morning Post – World · China

Hong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and position the city …

Geopolitics

Hotel prices in Europe jump before total solar eclipse

The Guardian – World · Europe

Rooms in Icelandic capital Reykjavík cost double usual rate and Spain also enjoying strong bookingsEurope’s total solar eclipse: the best place to see itHotel …

Geopolitics

Wharf firms up balance sheet as Hong Kong home sales cushion profit slump

South China Morning Post – World · China

Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments a…

Geopolitics

Australia news live: Bullock warns more hikes possible after RBA holds cash rate at 4.35%; PM faces Coalition questions on ‘classless’ melon comment

The Guardian – World · Europe

Follow today’s news liveGet our breaking news email, free app or daily news podcastTed O’Brien says that just because the Japanese government has downplayed me…

Startups

6 Books to explore the relationship between money & emotions

Your Story · India

Discover 6 insightful books that explore the emotional side of money, revealing how fear, desire, habits, identity, and happiness shape finances.

Geopolitics

Oil prices hold near one-week high as Strait of Hormuz reopening remains in limbo

Times of India – World · India

Oil prices are hovering near recent highs as prospects for a US-Iran agreement fade. On Tuesday morning, both WTI and Brent crude benchmarks experienced slight…

Geopolitics

Ethanol or EVs? India needs both for cleaner mobility, says IFGE

Times of India – World · India

- Calculate loan installments and SIP returns for investment planning. - Estimate PPF and FD maturity amounts with interest calculations. - Determine NPS p…

Geopolitics

Oil prices, stocks surge as Hormuz closure drags on

Al Jazeera – News · Middle East

US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn.

Geopolitics

Australia’s falling house prices are actually a good thing for mortgage holders. Here’s why

The Guardian – World · Europe

The RBA’s governor, Michele Bullock, has made it clear that the ‘easing’ property market is on her mindGet our breaking news email, free app or daily news podc…

Geopolitics

Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’

South China Morning Post – World · China

Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the h…

Geopolitics

Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices

Times of India – World · India

China has accumulated as much as 1.4 billion barrels in strategic and enterprise-controlled inventories, according to a new RAND study. That is more than three…

Geopolitics

UK water firm gives US$1.35 million payout to finance boss despite massive debt

South China Morning Post – World · China

Thames Water has handed a delayed £1 million (US$1.35 million) “golden handshake” payment to its chief financial officer and agreed controversial retention pay…

Geopolitics

She opened her piggy bank for her brother; 5 years later, it changed his life

Times of India – World · India

In Burhanpur, Madhya Pradesh, Mohammad Sohail Ansari’s journey from working for others to running his own clothes shop began with an unexpected investment from…

Geopolitics

Hong Kong hotel sector recovery elusive for unprepared investors

South China Morning Post – World · China

Signs of recovery in Hong Kong’s real estate industry are becoming more apparent, so much so that key indicators in parts of the sector are experiencing some o…

Geopolitics

Despite geopolitical tensions, China’s rare earth producers have profitable first half

South China Morning Post – World · China

China’s rare earth producers have reported or anticipated hefty first-half profits, with Beijing’s use of the strategically critical minerals as leverage in tr…

Geopolitics

Iran War: Is Iran’s middle class being pushed into poverty?

Deutsche Welle (DW) – World · Europe

The war has intensified Iran’s economic crisis, squeezing household budgets, hurting businesses and raising fears that millions of middle-income families are s…

Geopolitics

As mainland China tightens its tax rules, can Hong Kong remain a magnet for billionaires?

South China Morning Post – World · China

For decades, Hong Kong has been a magnet for the rich. From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all …

Geopolitics

Indonesia’s strong GDP data prompts ‘resilient but uneven’ growth forecasts

South China Morning Post – World · China

Indonesia’s faster-than-expected economic growth in the second quarter has offered a ray of hope for a sustainable turnaround after months of negative news ove…

Geopolitics

UK’s Burnham vows to end ‘subscription traps’ amid cost-of-living crisis

South China Morning Post – World · China

British Prime Minister Andy Burnham has vowed to crack down on hard-to-cancel subscriptions and fake discounts as part of measures to tackle the cost-of-living…

Geopolitics

Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living

The Guardian – World · Europe

First of PM’s ‘everyday fixes’ to be banning fake discounts and making it easier to cancel unwanted subscriptionsAndy Burnham: I’ll end the rip-offs that peopl…

Geopolitics

Chinese EV sales surge to new high in Europe putting tariffs under scrutiny

The Guardian – World · Europe

Imports this year now account for 14% of the market amid claims vehicles are being dumped in the EU and UKChinese electric car sales have risen across Europe t…

Geopolitics

‘The wealthy poor’: Soaring food prices hurt Iranian families

Al Jazeera – News · Middle East

Iranians from all walks of life struggle under the weight of rising inflation and war pressure.

Geopolitics

Gold, silver prices may rise next week as US inflation data, Gulf tensions guide markets

Times of India – World · India

Gold and silver prices are expected to remain firm next week. Investors will track inflation data from major economies and West Asia developments. Upcoming Chi…

Geopolitics

Centre weighs 200% increase in foreign investment approval threshold

Times of India – World · India

India's government is considering raising the foreign investment approval threshold significantly. This move aims to attract larger overseas investments and si…

Geopolitics

Mega-events drive HK$5.8 billion visitor spend in first half of year: Paul Chan

South China Morning Post – World · China

Hong Kong visitors spent HK$5.8 billion (US$739 million) during major events in the first half of the year, averaging HK$3,314 per traveller, the city’s financ…

Geopolitics

Vietnam pays the price at home for sending workers abroad

South China Morning Post – World · China

Vietnam’s seafood and garment sectors are facing a labour shortfall even with raised wages, as Hanoi expands a drive to send more workers overseas for higher-p…

Geopolitics

Super-rich complain but experts welcome Mamdani’s pied-à-terre tax

The Guardian – World · Europe

New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters New York City’s introduction of a pied-à-terre tax h…

Geopolitics

Hong Kong employer groups call for helper wage freeze, warn of mass sackings

South China Morning Post – World · China

A coalition of Hong Kong employers has called on the government to freeze the pay of foreign domestic workers this year, warning that any wage increases may re…

Geopolitics

Signs of Economic Recovery While Greater Uncertainty Looms

The New York Times – World · US

Jobs and trade numbers released this week show that Canada is recovering from trade turmoil, but another round of tariffs may arrive this month.

Geopolitics

US announces $400m investment in Australian rare earth mine

Al Jazeera – News · Middle East

Deal aims to secure scandium supply as China restricts exports for defence products.

Geopolitics

Behind the AI stock market bubble lies a weak yen

South China Morning Post – World · China

The world might be dividing into rival camps and competing trade blocs, but international capital flows remain footloose and fancy free. In so doing, they pose…

Geopolitics

India wary of potential 100% US tariffs over Russian oil

Deutsche Welle (DW) – World · Europe

The US Senate passed a sanctions bill that could result in tariffs on India as a major consumer of Russian oil. Follow DW for more.

Geopolitics

Union calls for robust review of OBR over fears it holds back economic growth

The Guardian – World · Europe

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefitsThe TUC is urging the new cha…

Geopolitics

100% tariffs on India? US Senate clears Russia sanctions bill; 10 things to know

Times of India – World · India

The US Senate approved a bill allowing President Trump to impose tariffs on nations buying Russian energy. India could face up to 100% tariffs on its goods if …

Geopolitics

Canada Offers U.S. Concessions in Trade Talks but Demands a Comprehensive Deal

The New York Times – World · US

Prime Minister Mark Carney is attempting to prevent 50 percent tariffs against many Canadian goods scheduled for this month.

Geopolitics

UnionPay to plug Chinese payment apps into Brazil’s Pix after US tariffs over the system

South China Morning Post – World · China

China’s UnionPay International plans to connect Chinese payment apps to Pix, the Brazilian payment system at the centre of Washington’s trade case against Bras…

Geopolitics

Berlin clubs struggle as drink sales dry up and costs rise

Deutsche Welle (DW) – World · Europe

Berlin's clubs are still drawing crowds, but shorter nights, fewer alcohol sales and rising costs have changed their business model. Door fees, rather than bar…

Geopolitics

US overtakes Gulf as India's biggest LPG supplier after Hormuz disruptions: Report

Times of India – World · India

Supplies from Kuwait also fell sharply to 33,000 tonnes, down 43 per cent from June, while Qatar supplied just 19,000 tonnes. The contrast with the pre-conflic…

Geopolitics

US airfares expected to stay high even if Iran ceasefire drops oil prices, experts say

The Guardian – World · Europe

Domestic flights cost 26.5% more than last year, data shows, amid demand for travel and reduced oil refining capacityEven if a lasting ceasefire between the US…

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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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