Curated headlines, concise summaries, and trusted source links — built for students, educators, and exam aspirants tracking what matters.
Stay updated with educational news, policy shifts, and global developments from reputable RSS sources — filtered by category, region, and topic.
Each brief links to the original publisher. Shalyam adds summaries and context to help you read faster and remember more.
Domain: Economics: Understanding Economic Systems
×
Current affairs articles
Geopolitics
Cigarettes after tax: Smokers left fuming, tobacco black market lights up
Times of India – World
· India
India's recent steep cigarette tax hike has triggered immediate chaos, with prices soaring and supplies dwindling. Retailers are struggling, and consumers face…
Hong Kong’s home prices reach 19-month high as rise gathers pace
South China Morning Post – World
· China
Hong Kong’s lived-in home prices opened the year with a 0.53 per cent month-on-month gain in January, according to official data, sustaining a recovery that be…
Hong Kong seeks to hone edge as offshore yuan hub, digital-asset front runner
South China Morning Post – World
· China
Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner under Financ…
Catch a falling diamond! Indians wants solitaires as price falls by 30%
Times of India – World
· India
Diamond prices have dropped significantly, making solitaires more affordable and boosting demand among consumers aged 28-40. This trend, driven by improved aff…
China’s yuan strengthens to near 3-year high as US dollar uncertainty grows
South China Morning Post – World
· China
China’s yuan has strengthened to its highest level against the US dollar in nearly three years, with its official fixing rate also firming amid growing uncerta…
How ‘little giants’ help China defend its manufacturing dominance
South China Morning Post – World
· China
Against the news of China’s record trade surplus of US$1.19 trillion last year, some have warned it is making trade impossible, arguing that the rest of the wo…
IMF urges China to prioritise consumption-led rebalancing, curb industrial policy
South China Morning Post – World
· China
The International Monetary Fund (IMF) has called on China to make the shift to a consumption-led growth model an “overarching priority”, while urging the count…
Hong Kong budget sweeteners for residents and businesses climb to HK$22 billion
South China Morning Post – World
· China
Hong Kong authorities will offer sweeteners of about HK$22 billion (US$2.8 billion) to residents and businesses, up from HK$7.8 billion last year, as public co…
Energy bills will fall by £117 for millions of households in Great Britain from April
The Guardian – World
· Europe
Ofgem cap drops by 7% to £1,641 a year for consumers’ average gas and electricity costsBusiness live – latest updatesAnnual energy bills will fall by £117 for …
Gold price prediction: Will gold, silver be able to hold on to gains this week?
Times of India – World
· India
Gold price prediction today: Gold prices are moving up but the lack of any major positive catalyst may limit the upside this week, says Maneesh Sharma, AVP - C…
US announces duties on Indian solar imports; stocks of Waaree Energies, Premier drop 15%
Times of India – World
· India
Indian solar equipment manufacturers experienced a sharp decline in share prices following the US announcement of countervailing duties on imports from India, …
‘Strong rebound’ for UK housing market with 6% more homes for sale than a year ago
The Guardian – World
· Europe
Zoopla says it is on target for highest number of new listings on its site in any February in a decade Spring has come early to the UK housing market, with a s…
Reserve Bank could hike cash rate twice in 2026 as Australia’s inflation stays stubbornly high
The Guardian – World
· Europe
End of government subsidies drives electricity costs up by 19% in the month and leaves power bills nearly a third higher than they were a year earlierFollow ou…
Budget 2026-27: Paul Chan to lead tax policy review as incentives unveiled
South China Morning Post – World
· China
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing.
Hong Kong finance ch…
Woolworths reports 16% jump in profits as ACCC prepares legal action over ‘illusory’ discounts
The Guardian – World
· Europe
Earnings report released on Wednesday shows supermarket made $859m net profit in past six months as higher prices hit shoppersFollow our Australia news live bl…
'Drill, baby, drill': Trump hails US oil boost, calls Venezuela 'new friend and partner'
Times of India – World
· India
President Trump touted record-high American natural gas and oil production, attributing it to his "drill, baby, drill" policy. He also highlighted a significan…
IPs, superyachts and more: can budget spark Hong Kong’s purple patch?
South China Morning Post – World
· China
Hong Kong Financial Secretary Paul Chan Mo-po will deliver his annual budget on Wednesday, unveiling measures to accelerate the city’s economic recovery after …
Why Brics can’t do away with US dollar even as currency cooperation rises
South China Morning Post – World
· China
Brazil’s dismissal of the idea of a Brics currency signals that the bloc may continue to pursue less politically fraught monetary cooperation that stops short …
‘Huge funds’ for tech hub, incentives for aerospace sector in Hong Kong budget: sources
South China Morning Post – World
· China
Hong Kong’s finance chief will earmark substantial funds for a new innovation hub near the border with mainland China and include incentives to attract more ae…
China boss offers US$26 million bonus; staff can take as many bills as possible within set time
South China Morning Post – World
· China
A Chinese company and its boss have gone viral on mainland social media for distributing 180 million yuan (US$26 million) in year-end bonuses out of 270 millio…
Cuba is facing its worst economic crisis in 67 years. Blackouts and fuel shortages have worsened after President Trump tightened restrictions on oil. Our inter…
Watch: New U.S. tariffs go live today, marking Trump’s fresh trade push after court ruling
The Hindu – World
· India
The new tariffs, initially set at 10%, are justified as a means “to deal with the large and serious United States balance-of-payments deficits,” according to a…
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
South China Morning Post – World
· China
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK poun…
IBM’s rout, 'ghost' GDP: Why AI doom loop may be just a 'scary bedtime story'
Times of India – World
· India
Markets were rattled after a report projected a 2028 worldwide intelligence crisis, claiming AI would decimate professional roles and spark economic freefall, …
Hong Kong visitor numbers jump for Chinese New Year holiday as gold sales shine
South China Morning Post – World
· China
Visitor numbers in Hong Kong rose about 14 per cent during the Chinese New Year holiday but more residents left the city, while local retailers reported bumper…
China weighs response as Trump imposes new global tariff after court ruling
South China Morning Post – World
· China
China is reviewing its trade countermeasures against the United States as Washington’s new global tariffs take effect, following a Supreme Court ruling that st…
Trump's new global tariff aims to balance payments, but is it even needed?
Times of India – World
· India
New 10% US import duties took effect Tuesday, following the Supreme Court's rejection of President Trump's previous tariff framework. While the administration …
Donald Trump’s new 10% global tariff comes into effect
The Guardian – World
· Europe
US president had said he would raise levy to 15% after last week’s supreme court rulingBusiness live – latest updatesDonald Trump’s new global tariffs have tak…
Oil prices hit seven-month highs as tensions rise before US-Iran talks
The Guardian – World
· Europe
Traders appear to be hedging against worst-case scenario of a conflict between the two nations, analyst saysBusiness live – latest updatesOil prices have reach…
Trump’s new global tariffs kick in at 10% – business live
The Guardian – World
· Europe
Rolling coverage of the latest economic and financial newsBitcoin has continued to drop this morning, down 2% to $63,149, as the cautious mood in markets rippl…
Trump's tariff game might not be over just yet, here's what US is planning
Times of India – World
· India
Following a Supreme Court setback, the US is launching new national security probes into sectors like batteries and telecom equipment, potentially leading to f…
FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms
Times of India – World
· India
Finance Minister Nirmala Sitharaman stated there is no roadmap for public sector bank mergers, indicating consolidation is not actively considered. A new banki…
US-Indonesia deal threatens China’s ‘entrenched position’ in nickel market: analysts
South China Morning Post – World
· China
China will accelerate investment in alternative nickel supply sources and strengthen its role across the metal’s wider supply chain, analysts said, after the U…
Trump’s scramble to fix his crumbling tariff strategy sows global chaos and confusion
The Guardian – World
· Europe
Economies such as the UK, India, Japan and the EU raced to hammer out agreements, but the blanket rate has left them wondering where they stand“America is WINN…
Tax expert worried Australia on path to neo-feudal society as housing wealth drives inequality
The Guardian – World
· Europe
Real inequality is between those who have assets and those without in same generation, not young versus old, says ANU academicFollow our Australia news live bl…
US tariff ruling points to steadier US–China ties ahead of April summit: analysts
South China Morning Post – World
· China
As US President Donald Trump prepares for a high-stakes summit with Chinese leader Xi Jinping in Beijing from March 31 to April 2, analysts say recent US polic…
More banks catch on to Hong Kong’s housing rebound, upgrade market forecast
South China Morning Post – World
· China
Global investment banks are rallying behind a more bullish view of Hong Kong’s housing market, with JPMorgan Chase and Goldman Sachs joining Morgan Stanley in …
Hong Kong budget to target IP economy boost with new academy, patent evaluation support
South China Morning Post – World
· China
Hong Kong’s finance chief will unveil new measures in his budget to strengthen the city’s growing intellectual property (IP) economy, focusing on nurturing top…
Inoperative EPF accounts with up to Rs 1,000 to settle automatically
Times of India – World
· India
- EPFO to automatically refund ₹1.3 crore from 7 lakh unclaimed small-balance accounts.
- Refunds will be issued to prevent misuse and ensure rightful benefi…
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.
FAQ
Answers to the questions you might have in mind
Frequently asked questions
What is Shalyam Current Affairs?+
A curated feed of educational and general news with summaries and links to trusted sources, sorted by publication date.
How often is news updated?+
RSS feeds are fetched regularly and AI summaries may be generated for selected articles when enabled.
Can I filter news by region or category?+
Yes. Use category, region, and tag filters on the current affairs page.
Cigarettes after tax: Smokers left fuming, tobacco black market lights up
Source: Times of India – World
·
- India raised cigarette prices in early February, causing immediate and chaotic effects.
- Smokers faced varying prices due to regional and retail disparities.
- The price hike led to confusion and inconsistent pricing across the country.
- Authorities are monitoring the situation to assess its market impact.
Hong Kong’s home prices reach 19-month high as rise gathers pace
Source: South China Morning Post – World
·
- CBRE predicts Hong Kong’s residential market to remain resilient and positive in 2026.
- Rents rose 0.3% monthly, hitting a new peak, with second-hand prices at 301.4 (highest since June 2024).
- Prices stabilized for 10 months, rebounding 5.79% from March’s low to surpass 300 for first time in over 18 months.
- Consecutive 8-month price rise saw a 5.2% cumulative increase.
Hong Kong seeks to hone edge as offshore yuan hub, digital-asset front runner
Source: South China Morning Post – World
·
- Hong Kong's push to strengthen its role as an international financial hub, welcomed by market participants.
- Beijing's opening-up drive amid de-dollarization and rising demand for alternative assets.
- Hong Kong prioritizes offshore yuan settlements (75%) and yuan-denominated investment products.
- Plans to issue yuan bonds, attract high-quality issuers, and boost cross-border yuan transactions.
Zimbabwe imposes ban on exports of all raw minerals and lithium concentrate
Source: Al Jazeera – News
·
- Zimbabwe suspends raw mineral and lithium concentrate exports immediately, including in-transit shipments, pending further notice.
- Government aims to prioritize local processing, transparency, and reduce export leaks to boost in-country value.
- Export ban originally scheduled for 2027 was accelerated due to concerns over malpractices and supply chain inefficiencies.
- Zimbabwe’s lithium reserves are critical for global clean energy, with Chinese firms investing in local processing facilities.
Catch a falling diamond! Indians wants solitaires as price falls by 30%
Source: Times of India – World
·
- TOI Business Desk delivers global business news, analysis, and insights to keep readers informed about economic trends and market dynamics.
- Focuses on industries, markets, economic trends, in-depth analysis, exclusive reports, and breaking business stories.
- Provides financial calculators for loan installments, SIP returns, PPF, FD, NPS, and mutual fund future value estimates.
- Aims to help readers navigate business complexities with real-time updates and actionable financial insights.
Income Tax out, Import Tax in? Trump’s tariff torment rolls on
Source: Times of India – World
·
- Rajghatta authored "Kamala Harris: Phenomenal Woman"
- Calculate loan installments, SIP returns, and PPF/FD maturity/interest
- Estimate NPS pension corpus and mutual fund future value
- Determine FD maturity and interest earned
China’s yuan strengthens to near 3-year high as US dollar uncertainty grows
Source: South China Morning Post – World
·
- Offshore yuan hits 6.867, strongest since April 2023.
- PBOC sets fixing at 6.9321, highest since May 2023.
- Appreciation driven by eased trade tensions and Fed rate cuts.
- Trump’s policy volatility also boosts yuan’s strength.
How ‘little giants’ help China defend its manufacturing dominance
Source: South China Morning Post – World
·
- China's strategy supports 'little giants' and specialized SMEs to strengthen global manufacturing.
- Since 2011, a multi-tier framework identifies high-performing SMEs for targeted support.
- Beijing views SME support as a subtle compliment, affirming its long-term manufacturing goals.
- Tech-driven SMEs are vital for advancing China's global manufacturing capabilities.
IMF urges China to prioritise consumption-led rebalancing, curb industrial policy
Source: South China Morning Post – World
·
- IMF urges China to adopt stronger fiscal stimulus to boost domestic demand amid record trade surplus.
- China needs to shift toward consumption-led growth, according to IMF mission chief Sonali Jain-Chandra.
- Record trade surplus highlights imbalance between exports and domestic demand.
- Statement from South China Morning Post interview with IMF officials.
Hong Kong budget sweeteners for residents and businesses climb to HK$22 billion
Source: South China Morning Post – World
·
- HK$22 billion in sweeteners (up from HK$7.8 billion) to residents/businesses as public finances shift from deficit to surplus.
- Tax concessions and allowances announced, nearly triple last year’s support, to address economic imbalances.
- Economy shows steady progress but faces challenges; authorities aim to aid residents and SMEs prudently.
- Financial Secretary emphasizes balancing support with fiscal responsibility amid improved public finances.
Germany’s Merz arrives in China for two-day visit with focus on trade
Source: Al Jazeera – News
·
- Chinese and German leaders pledged to deepen economic ties, emphasizing free trade and strategic partnership amid global challenges.
- Both sides discussed Ukraine, agreeing to support a political solution through dialogue and UN principles.
- Trade tensions highlighted, with Germany citing a €90bn deficit and urging China to address market distortions.
- Joint statement emphasized fair competition, climate cooperation, and mutual market access for sustained economic growth.
Energy bills will fall by £117 for millions of households in Great Britain from April
Source: The Guardian – World
·
- Ofgem cuts energy price cap by 7% to £1,641/year, reducing average bills by £117 for households on direct debit.
- Savings are smaller for variable tariff users due to rising network costs, while fixed-rate customers see larger reductions.
- Energy bills remain 1/3 higher than pre-Ukraine crisis levels, with network charges rising £66 since last cap.
- Political debate continues over balancing net-zero goals and affordability, as bills stay high despite falling wholesale prices.
Gold price prediction: Will gold, silver be able to hold on to gains this week?
Source: Times of India – World
·
- TOI Business Desk provides global business news, market trends, and economic analysis for informed readers.
- Focuses on industries, markets, and in-depth reports to track business and economic impacts.
- Offers financial calculators for loans, SIPs, PPF, FD, NPS, and mutual funds.
- Aids readers in estimating returns, maturity amounts, and investment corpus for planning.
US announces duties on Indian solar imports; stocks of Waaree Energies, Premier drop 15%
Source: Times of India – World
·
- TOI Business Desk delivers global business news, covering industries, markets, trends, analysis, and breaking stories.
- Offers tools to calculate loan installments, SIP returns, PPF/FD maturity, NPS pension, and mutual fund future value.
- Focuses on economic insights to help readers navigate business complexities and stay informed.
- Ensures comprehensive coverage of global commerce and financial planning resources for readers.
‘Strong rebound’ for UK housing market with 6% more homes for sale than a year ago
Source: The Guardian – World
·
- Zoopla reports record February home listings (highest in a decade), signaling renewed market confidence and a strong rebound in 2026.
- Rics notes tentative market recovery, with Halifax and Nationwide reporting 0.7% and 0.3% price rises in January.
- First-time buyers face best low-deposit mortgage options in 18 years, alongside increased property supply driving affordability.
- 40% of UK homes now cheaper to buy than rent, but young buyers struggle with deposits, student loans, and high living costs.
Reserve Bank could hike cash rate twice in 2026 as Australia’s inflation stays stubbornly high
Source: The Guardian – World
·
- End of subsidies caused 19% electricity cost surge, lifting power bills 33% YoY, driving inflation to 3.8% in January.
- Underlying inflation hit 3.4%, with RBA governor denying inflation is accelerating, though rate hikes remain likely.
- Markets raised rate hike bets after data, but confidence wavered post-governor’s cautious remarks.
- Persistent inflation pressures linked to subsidies and low productivity; economists warn of further rate hikes needed.
Budget 2026-27: Paul Chan to lead tax policy review as incentives unveiled
Source: South China Morning Post – World
·
- Financial secretary leads tax policy review, seeking HK$20B for cross-border I&T hub and tech zone.
- Fiscal improvements from stock market boom, but caution on reserves for geopolitical risks and long-term growth.
- New measures to boost global financial standing, innovation, IP economy, and aerospace development.
- Aligns with 15th five-year plan to strengthen Hong Kong’s strategic roles in tech and innovation.
Woolworths reports 16% jump in profits as ACCC prepares legal action over ‘illusory’ discounts
Source: The Guardian – World
·
- Woolworths reported a 16.4% profit surge to $859m, driven by margin expansion amid inflation, despite rising grocery costs.
- Legal case against Woolworths and Coles over "illusory" discounts begins, spotlighting pricing practices amid reputational damage.
- Sales rose 3.6% to $27.6bn, with grocery margins expanding to 5.5%, while $485m was set aside for underpaid staff.
- Shares surged 11% post-results, with CEO emphasizing price cuts, though groceries fueled 3.4% of annual inflation.
'Drill, baby, drill': Trump hails US oil boost, calls Venezuela 'new friend and partner'
Source: Times of India – World
·
- TOI Business Desk delivers global business news, analysis, and insights to inform readers about economic trends and market dynamics.
- Focuses on industries, markets, and breaking stories impacting businesses and economies.
- Aims to empower readers with actionable information to navigate complex commercial landscapes.
- Offers calculators for loans, SIPs, PPF, FD, pension, NPS, and mutual fund returns.
IPs, superyachts and more: can budget spark Hong Kong’s purple patch?
Source: South China Morning Post – World
·
- Hong Kong's 2026-27 budget marks its first major alignment with mainland China's 15th five-year plan and long-term growth initiatives.
- Financial Secretary Paul Chan aims to accelerate economic recovery post-balancing, amid expectations for additional fiscal incentives.
- The budget features a purple cover symbolizing Hong Kong's economic resilience amid global volatility and geopolitical tensions.
- US tariffs and rising geopolitical risks add complexity to the budget, influencing economic and political strategies for Hong Kong.
Why Brics can’t do away with US dollar even as currency cooperation rises
Source: South China Morning Post – World
·
- Brazil denies Brics discussions on a common currency, stating no proposal or draft exists.
- Lula emphasizes bilateral trade between India and Brazil can use their own currencies.
- No internal Brics talks or plans to replace US dollar reliance for trade.
- Brazil clarifies no formal steps are underway for a shared currency within the bloc.
‘Huge funds’ for tech hub, incentives for aerospace sector in Hong Kong budget: sources
Source: South China Morning Post – World
·
- Hong Kong’s 2026-27 budget allocates significant funds for a tech innovation hub (San Tin Technopole) and aerospace sector incentives.
- Innovation is prioritized, with plans to train talent and support patent evaluation for tech firms.
- Public concerns focus on managing surplus funds, arriving earlier than expected amid past deficits.
- Policy analysts monitor alignment with the 15th five-year plan’s national priorities.
China boss offers US$26 million bonus; staff can take as many bills as possible within set time
Source: South China Morning Post – World
·
- Chinese company distributes 180M yuan in bonuses, sparking envy.
- Boss admits not loving to give money but understands workers' struggles.
- Annual gala on Feb 13 saw 60M yuan cash bonuses distributed via counting.
- Employees' reactions show widespread admiration and envy online.
How the U.S. Is Crippling Cuba’s Economy
Source: The New York Times – World
·
- Cuba faces its worst economic crisis in 67 years, marked by severe blackouts and fuel shortages.
- Trump's tightened oil sanctions exacerbate energy shortages and power outages.
- Fuel shortages worsen due to U.S. restrictions on oil imports.
- Correspondent Frances Robles discusses Cuba's crisis with Katrin Bennhold.
Watch: New U.S. tariffs go live today, marking Trump’s fresh trade push after court ruling
Source: The Hindu – World
·
- New U.S. tariffs (10%) target $1.2T imports, addressing balance-of-payments deficits.
- Tariffs, lasting 150 days, follow Supreme Court’s rejection of earlier Trump duties.
- Effective immediately, tariffs cover 1.2T in imports, unless Congress extends.
- Published Feb 24, 2026, after White House announcement on Feb 20.
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
Source: South China Morning Post – World
·
- Yuan's internationalization began in 2009, establishing Hong Kong as an offshore hub.
- The yuan is now a major currency in global trade finance.
- Hong Kong acts as a stepping stone for mainland firms to raise funds.
- These initiatives support Beijing's financial ambitions globally.
Three myths about the Russia economic war
Source: Al Jazeera – News
·
- Russia's economic strain from lost gas exports, frozen assets, and dwindling funds.
- US sanctions disrupt Russia's oil exports, causing discounts and storage delays.
- EU delays sanctions and aid due to internal disputes, including Hungary's veto.
- Economic war's role in conflict resolution outweighs military battlefield.
IBM’s rout, 'ghost' GDP: Why AI doom loop may be just a 'scary bedtime story'
Source: Times of India – World
·
- GPU owners accumulate wealth amid layoffs, yet new jobs emerge from technological revolutions.
- Historical pattern: tech advances → deflation → demand shifts → job creation.
- Human desires drive innovation, fueling new economic opportunities.
- TOI Tech Desk covers tech news, trends, and innovations for readers.
Hong Kong visitor numbers jump for Chinese New Year holiday as gold sales shine
Source: South China Morning Post – World
·
- Hong Kong residents made 3.95 million outbound trips (up 10% YoY) during Feb 13–23, causing a net outflow despite rising visitor numbers.
- Visitor numbers rose 14% during Chinese New Year, driven by 14% growth in cross-border travelers.
- Local retailers reported strong gold sales, with some purchases exceeding millions of HKD in watches and jewelry.
- Broader retail recovery remained uneven, though outbound trips surged, leading to a net population outflow.
China weighs response as Trump imposes new global tariff after court ruling
Source: South China Morning Post – World
·
- Beijing remains alert but ready for trade talks and Trump's visit amid U.S.-China tensions.
- China reviews trade countermeasures against U.S. as new tariffs take effect following Supreme Court's reversal of Trump-era levies.
- Supreme Court invalidates Trump's 2022 tariffs, prompting China's reassessment of retaliatory measures.
- China urges U.S. to remove all unilateral tariffs, opposing such measures.
Trump's new global tariff aims to balance payments, but is it even needed?
Source: Times of India – World
·
- TOI Business Desk provides global business news, covering industries, markets, and economic trends with in-depth analysis and breaking stories.
- Focuses on delivering real-time updates to help readers navigate dynamic commerce and economic complexities.
- Offers tools to estimate loan installments, SIP returns, PPF/FD maturity, pension corpus, and mutual fund values.
- Aims to empower readers with insights for informed financial decisions through exclusive reports and market analysis.
Donald Trump’s new 10% global tariff comes into effect
Source: The Guardian – World
·
- Trump imposed 10% global tariffs after SCOTUS struck down prior tariffs, threatening 15% under Section 122 without congressional approval.
- FedEx sues for refund, first major challenge to Trump’s tariffs, with potential for more legal battles over the 10% levy.
- UK firms face uncertainty as 10% rate provides temporary relief but lacks clarity, impacting sales and export planning.
- EU pauses trade deal ratification but Trump assures commitment; experts warn of ongoing legal challenges to new tariffs.
Oil prices hit seven-month highs as tensions rise before US-Iran talks
Source: The Guardian – World
·
- Oil prices hit seven-month highs as US-Iran tensions drive market fears of supply disruptions and conflict risks.
- Analysts note prices reflect anticipation of potential escalation, not actual supply loss, amid nuclear talks in Geneva.
- US military moves, including carrier deployments, signal readiness to counter Iran, with Trump warning of severe consequences.
- Embassy evacuation in Beirut underscores heightened security concerns amid escalating regional tensions.
Trump’s new global tariffs kick in at 10% – business live
Source: The Guardian – World
·
- Trump's 10% global tariffs (up from 10% to 15%) aim to offset Supreme Court's rejection of prior tariffs, offering "relief" to UK businesses.
- Meta secures $60bn AI chip deal with AMD, plus 10% stake, amid rising AI industry demand for processors.
- US stock market rises despite AI-related concerns, with Citrini Research warning of potential economic disruption from autonomous systems.
- UK committee avoids inquiry into Mountbatten-Windsor's trade role to prevent interfering with ongoing legal investigations.
Trump's tariff game might not be over just yet, here's what US is planning
Source: Times of India – World
·
- TOI Business Desk provides global business news, covering industries, markets, and economic trends with in-depth analysis and exclusive reports.
- The team focuses on delivering insights to help readers navigate the dynamic business landscape and economic complexities.
- Financial calculators are available for loans, SIPs, PPF, FD, NPS, and mutual funds to estimate returns and maturity amounts.
- The desk aims to keep readers informed about business impacts on economies and companies through timely updates and analysis.
How Russia Put Its Future at Risk by Remaking Its Economy for War
Source: The New York Times – World
·
- Russia allocates ~50% of its federal budget to Ukraine war, neglecting long-term development.
- Putin’s war focus has cost 1.2M Russian lives and strained the economy.
- Economic stagnation, resource dependence, and declining population worsen under war strain.
- War accelerates militarization, deepening societal and economic crises.
FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms
Source: Times of India – World
·
- TOI Business Desk delivers global business news, covering markets, industries, and economic trends with in-depth analysis.
- Focuses on exclusive reports, breaking stories, and insights to inform readers about economic impacts and business dynamics.
- Aims to equip readers with knowledge to navigate complex commerce through timely and relevant updates.
- Provides financial calculators for loans, SIPs, PPF, FD, NPS, and mutual fund returns estimation.
US-Indonesia deal threatens China’s ‘entrenched position’ in nickel market: analysts
Source: South China Morning Post – World
·
- US-Indonesia deal grants unrestricted nickel access, challenging China’s market dominance.
- Analysts predict China will boost alternative nickel investments and strengthen supply chain control.
- China may retaliate by slowing tech transfers or reducing investments in Indonesian mines.
- Indonesia supplies over 60% of global nickel, solidifying its role as a key market player.
Trump’s scramble to fix his crumbling tariff strategy sows global chaos and confusion
Source: The Guardian – World
·
- US Supreme Court invalidates Trump's tariffs, imposing 15% global rate, creating uncertainty for trade deals.
- Countries like China/India gain tariff cuts without concessions; UK/Canada face higher rates despite agreements.
- Trump seeks legal tools (Section 301) to sustain tariffs amid weakened leverage and economic fallout.
- Global exports remain stable for China, India, Japan, despite US trade tensions and record trade deficits.
Tax expert worried Australia on path to neo-feudal society as housing wealth drives inequality
Source: The Guardian – World
·
- Real inequality in Australia stems from asset ownership gaps within the same generation, not age-based divides, according to ANU expert Bob Breunig.
- The 50% capital gains tax discount exacerbates housing affordability by favoring older generations over younger ones.
- Tax and transfer systems increasingly benefit older Australians, requiring reforms to target assistance to those genuinely in need.
- Reducing CGT discounts may modestly help, but systemic under-taxation of homes and superannuation poses a larger equity challenge.
US tariff ruling points to steadier US–China ties ahead of April summit: analysts
Source: South China Morning Post – World
·
- Court lowers effective duties, easing tensions and steering Xi-Trump talks toward stability over escalation.
- China’s negotiating leverage grows via reduced tariffs, control over critical minerals, and emboldened countermeasures.
- Both sides express confidence in economic models; US prioritizes stable supply chains for key materials.
- Summit likely to extend fragile truce, avoiding major concessions, with tariffs as a central focus.
More banks catch on to Hong Kong’s housing rebound, upgrade market forecast
Source: South China Morning Post – World
·
- JPMorgan, Goldman Sachs, and Morgan Stanley raise market outlook to double digits due to outperforming price gains.
- Fresh data strengthens recovery signals, prompting banks to adjust 2026 forecasts.
- Price increases exceed prior expectations, boosting confidence in market recovery.
- Additional banks revise 2026 estimates amid improved economic indicators.
Hong Kong budget to target IP economy boost with new academy, patent evaluation support
Source: South China Morning Post – World
·
- Hong Kong’s Financial Secretary to announce IP-focused initiatives in budget speech, aiming to diversify the economy and boost innovation.
- Measures target nurturing talent, aiding tech firms with patent evaluation, and leveraging surplus for long-term growth.
- Aligns with national priorities, including Mainland China’s plan to position Hong Kong as a global IP trading hub.
- Budget aims to ease business pressures and improve livelihoods through sector-specific incentives and strategic investments.
Inoperative EPF accounts with up to Rs 1,000 to settle automatically
Source: Times of India – World
·
- EPFO to automatically refund ₹1.3 crore from 7 lakh unclaimed small-balance accounts.
- Refunds will be issued to prevent misuse and ensure rightful beneficiaries receive funds.
- Process targets dormant accounts with minimal balances in EPFO schemes.
- Initiative aims to streamline financial recovery and improve transparency in pension systems.
Lebanon’s tax hikes draw anger from economically frustrated public
Source: Al Jazeera – News
·
- **Tax Hikes Announced**: PM Nawaf Salam raised petrol prices and VAT by 1% to fund salaries, facing criticism as regressive and exacerbating poverty.
- **Public Outcry and Protests**: Protests erupted in Beirut, with citizens blaming the government for worsening economic crisis and daily hardships.
- **Analyst Criticism**: Experts warn VAT and fuel taxes disproportionately harm the poor, widening inequality amid Lebanon’s collapsing economy.
- **Context of Crisis**: The move echoes 2019 protests, which forced tax reversals, but current measures lack broad support amid deepening financial despair.
Get Exclusive Insightswith Every Issue
Join Shalyam Newsletter
Stay ahead in education, research, and innovation—straight to your inbox.
Ask us anything – we’ll reply via WhatsApp or Telegram within 24 hours.
We use cookies to run Shalyam and, only if you allow it, to understand how the site is used so we can improve it.
Analytics cookies stay off until you choose Accept analytics; you can change your mind at any time from
"Cookie settings" in the footer.
Privacy policy