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Current Affairs

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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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

Zimbabwe imposes ban on exports of all raw minerals and lithium concentrate

Al Jazeera – News · Middle East

The immediate ban covers all raw minerals already in transit and will remain in place until further notice.

Geopolitics

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…

Geopolitics

Income Tax out, Import Tax in? Trump’s tariff torment rolls on

Times of India – World · India

- Rajghatta authored "Kamala Harris: Phenomenal Woman" - Calculate loan installments, SIP returns, and PPF/FD maturity/interest - Estimate NPS pension corp…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

Germany’s Merz arrives in China for two-day visit with focus on trade

Al Jazeera – News · Middle East

Merz says he wants to deepen trade relationship while making it fairer during visit where several agreements are signed.

Geopolitics

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 …

Geopolitics

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…

Geopolitics

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, …

Geopolitics

‘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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

'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…

Geopolitics

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 …

Geopolitics

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 …

Geopolitics

‘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…

Geopolitics

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…

Geopolitics

How the U.S. Is Crippling Cuba’s Economy

The New York Times – World · US

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

Three myths about the Russia economic war

Al Jazeera – News · Middle East

Has Moscow really overcome the sanctions regime? It is time to talk facts, not fiction.

Geopolitics

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, …

Geopolitics

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…

Geopolitics

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…

Geopolitics

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 …

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

How Russia Put Its Future at Risk by Remaking Its Economy for War

The New York Times – World · US

About half of the country’s federal budget goes toward the fight in Ukraine, money that does little to support its long-term development.

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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…

Geopolitics

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 …

Geopolitics

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…

Geopolitics

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…

Geopolitics

Lebanon’s tax hikes draw anger from economically frustrated public

Al Jazeera – News · Middle East

Prime Minister Nawaf Salam has announced hikes on petrol and sales taxes. Analysts say it is a regressive policy.

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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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