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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Trump accuses oil companies of ‘making too much money’ from his war on Iran

The Guardian – World · Europe

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’Business live – latest updatesDonald Trump has critic…

Geopolitics

Hong Kong retail sales rise 4.6% in June as growth streak extends to 14 months

South China Morning Post – World · China

Hong Kong’s retail sales rose by 4.6 per cent year on year in June, extending the growth streak to 14 months, with the government expecting continued economic …

Geopolitics

Friendship with benefits: Why Trump is helping Japan rescue the yen

Times of India – World · India

The United States and Japan have jointly intervened to support the Japanese yen's value. This unprecedented action aims to stabilize the currency after its sig…

Geopolitics

JPMorgan Again Entangled in a Soccer Fiasco

The New York Times – World · US

After promising to learn from its role in a failed “Super League” that fueled fan anger, the Wall Street bank is involved in FIFA’s latest meltdown.

Geopolitics

US stocks near record high, oil falls as Trump claims Iran talks under way

Al Jazeera – News · Middle East

Benchmark S&P 500 approaches all-time peak as Washington, Tehran offer conflicting accounts of status of talks.

Geopolitics

Why Chinese brokers forecast an A-share tech and chip rebound

South China Morning Post – World · China

Leading Chinese brokerages have expressed optimism for domestic tech shares traded in August, distinguishing them from the sharp sell-off that has rattled Sout…

Geopolitics

Yen hits three-month high after Trump helps prop up currency

The Guardian – World · Europe

US and Japanese governments confirm they carried out a rare joint intervention late last weekWhy has Trump stepped in to prop up Japan’s currency?Business live…

Geopolitics

Rupee rises 31 paise on weaker dollar, lower oil prices and continued FII inflows

Times of India – World · India

The Indian rupee strengthened against the US dollar on Monday morning. Falling global crude oil prices and a weaker US dollar supported the rupee's rise. Forei…

Geopolitics

Chinese rethink investments, Malaysian PM’s political strategy: 5 weekend reads you missed

South China Morning Post – World · China

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our r…

Geopolitics

Japan, US step in to support yen, Tokyo keeps door open for more action

Times of India – World · India

Japan and the United States intervened in currency markets to address yen volatility. This joint action followed a September 2025 finance ministers' statement…

Geopolitics

Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal

The Hindu – World · India

On Sunday, August 2, OPEC+ approved an oil production quota increase of around 188,000 barrels ⁠per day from September, the producer group said, in a move that…

Geopolitics

Japan confirms joint yen intervention with U.S., signals readiness for more action

The Hindu – World · India

The joint intervention is the first since 2011’s coordinated action to weaken ‌the yen after the devastating earthquake in eastern Japan

Geopolitics

US and Japan take action to prop up yen in rare joint move

BBC News – World · Europe

Both countries have said that they will not hesitate to conduct joint interventions in the future.

Geopolitics

South Korean graduates look to Japan to beat job shortage at home

South China Morning Post – World · China

When Japanese entrepreneur Moe Kasugai was a student at Seoul’s Yonsei University, she was struck by how some of the prestigious South Korean college’s brighte…

Geopolitics

How likely is Beijing to walk the talk on boosting consumption?

South China Morning Post – World · China

Chinese officials tend to report only good news and bury bad news for propaganda purposes and career advancement. That is why it came as a genuine surprise whe…

Geopolitics

Price war fears grip China’s EV market after woeful July sales figures

South China Morning Post – World · China

The bearish sentiment surrounding China’s electric vehicle (EV) sector has intensified after three premium carmakers reported weak sales for July, further heig…

Geopolitics

House prices slide across Australia as Middle East conflict and tax changes begin to bite

The Guardian – World · Europe

Cotality data shows a drop in Brisbane, Adelaide and Perth, as nation’s median home price falls about $19,000 below its March peakGet our breaking news email, …

Geopolitics

Dalal Street outlook: RBI policy, earnings and other cues to drive market this week

Times of India – World · India

The stock market faces a crucial week with key domestic and global events. The Reserve Bank of India's interest rate decision is a major focus for investors. G…

Geopolitics

Why Hong Kong’s elites must become risk-takers again

South China Morning Post – World · China

Hong Kong is drafting its first‑ever five‑year plan, a historic blueprint to chart long‑term development. Much has been said about reforms and paradigm shifts,…

Geopolitics

Hong Kong to raise annual GDP forecast after robust growth in first half of 2026

South China Morning Post – World · China

Hong Kong authorities will raise the city’s full-year economic growth forecast after a stronger-than-expected performance in the first half of 2026, the financ…

Geopolitics

Passenger vehicle sales hit top gear as dispatches jump 33%; Maruti, Hyundai set records

Times of India – World · India

India's passenger vehicle sales saw robust growth in July. Leading manufacturers like Maruti Suzuki and Hyundai reported record monthly dispatches. Tata Moto…

Geopolitics

Growing like ‘gangbusters’: Can Taiwan maintain its economic momentum?

Al Jazeera – News · Middle East

Taiwan's GDP is soaring on back of US imports of AI chips, but experts warn that problems could arise with Trump, China.

Geopolitics

China’s next export is the world’s factory itself

South China Morning Post – World · China

China’s export boom is reaching its limits. The country’s next phase of growth will come not from shipping more goods abroad, but from exporting its factories,…

Geopolitics

California announces minimum wage increase as governor taunts Trump

The Guardian – World · Europe

Gavin Newsom says new pay floor of $17.40, set to become highest of any US state, will go into effect on 1 JanuaryCalifornia governor Gavin Newsom announced th…

Geopolitics

Samudra Manthan explained: How India’s offshore oil push can be a game-changer

Times of India – World · India

The Samudra Manthan – National Offshore Exploration Scheme aims to unlock India’s offshore oil and gas potential. This will be done through large-scale seismic…

Geopolitics

India’s balancing act to attract more investment from China, U.S. and boost trade

The Hindu – World · India

This balancing act has seen gradual and incremental relaxations in several long-held policies of the government — whether it has to do with FDI in e-commerce, …

Geopolitics

Nathula pass border trade resumes after 6 years; traders seek expansion of goods list

Times of India – World · India

- India resumes border trade at Nathula Pass after six-year hiatus, boosting economic ties with China. - Traders urge India to update permitted goods list to…

Geopolitics

Germany weighs the future of minijobs

Deutsche Welle (DW) – World · Europe

Germany's popular minijob system allows millions of workers, including students, to avoid paying income tax or social security contributions. But a reform is o…

Geopolitics

'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency

Times of India – World · India

The United States Treasury is reportedly considering buying Japanese yen. This move follows reports of potential intervention in the currency market. Japanese …

Geopolitics

Petrol prices on track to top $2 a litre as Bowen sounds death knell for fuel excise relief

The Guardian – World · Europe

Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litreGet our breaking news email, free app or daily news…

Geopolitics

Japan’s ruling party MPs form group to protect US$2.1 billion trading card market

South China Morning Post – World · China

Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) have launched a group aimed at promoting the rapidly growing trading card industry, seeing its pot…

Geopolitics

Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen

The Guardian – World · Europe

Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plansDuring a cabinet meeting at Camp David on Friday, the U…

Geopolitics

Chinese buyers acquire US soybeans for October-November, traders say

South China Morning Post – World · China

Chinese ⁠government buyers bought at least eight ⁠cargoes of US soybeans on Friday for shipment from US Gulf Coast terminals and six cargoes for shipment from …

Geopolitics

FTSE 100 on track for best month since first US attacks on Iran five months ago – as it happened

The Guardian – World · Europe

Live, rolling coverage as London’s biggest companies defy Middle East disruption and UK petrol prices rise to around £1.60 per litre, the highest since Donald …

Geopolitics

Cambodian jobseekers fear debt trap over Thailand’s border reinforcement

South China Morning Post – World · China

Vin Lors used to earn about US$20 a day working on construction sites in Bangkok, nearly twice what he now makes in Cambodia. After the border conflict between…

Geopolitics

Germany news: Unemployment tops 3 million as industry slumps

Deutsche Welle (DW) – World · Europe

Over three million people are currently unemployed in Germany, with 1.1 million drawing unemployment checks, authorities say. Also, sales of air conditioners h…

Geopolitics

Pakistan, Bangladesh face economic squeeze as US-Iran crisis widens

South China Morning Post – World · China

Pakistan and Bangladesh are entering the latest phase of the US-Iran conflict with thinner cushions than many Asian economies, raising the risk that another oi…

Geopolitics

Russia extends diesel, gasoline export bans until end of January 2027

The Hindu – World · India

Some fuel exports will still take place under intergovernmental agreements and in the form of humanitarian aid, the statement said

Geopolitics

Mileage drop due to E20? 2-6%, says 1 minister, 3-5%, says another

Times of India – World · India

Government ministries have offered varied figures regarding fuel efficiency changes. Older vehicles using E20 fuel may see a slight mileage reduction. The Ro…

Geopolitics

China, Its Economy Stumbling, Signals Only Cautious Support

The New York Times – World · US

The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.

Geopolitics

BMW to Volkswagen: How deep is Germany's auto industry cull?

Deutsche Welle (DW) – World · Europe

BMW joins VW, Porsche and Mercedes-Benz in cutting thousands of jobs, as Chinese rivals erode their market share. DW recaps the major reforms German automakers…

Geopolitics

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

The Guardian – World · Europe

Consumer spending remained resilient even as policymakers kept interest rates on holdThe US economy expanded at a sluggish 1.5% pace from April through June as…

Geopolitics

Eurozone sees GDP growth of 0.4%, most since early 2025

Deutsche Welle (DW) – World · Europe

Eurozone economies expanded by 0.4% in the second quarter of 2026, exceeding expectations and marking the strongest quarterly growth since early 2025.

Geopolitics

US economic growth slows in second quarter but domestic demand robust

South China Morning Post – World · China

US economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment i…

Geopolitics

Only the Middle East crisis is preventing a drop in UK interest rates

The Guardian – World · Europe

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of hi…

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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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