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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Can the West really decouple from China?

South China Morning Post – World · China

Over the past 10 years, Washington, Brussels and London have made decreasing economic reliance on China a strategic goal. Western economic plans now stress sup…

Geopolitics

Extend fuel subsidy or watch costs go up, Hong Kong taxi, minibus drivers warn

South China Morning Post – World · China

Hong Kong taxi and minibus drivers have called for a two-month liquefied petroleum gas (LPG) subsidy scheme to be extended amid uncertainty over war in the Mid…

Geopolitics

Amazon sells $25 bn in bonds for what CEO calls 'once in a lifetime opportunity'

Times of India – World · India

Amazon has raised twenty-five billion dollars through a bond sale. This funding supports significant expansion of the company's AI data centers. CEO Andy Jas…

Geopolitics

Cuba says nearly three-quarters of hotels have shut as travel plunges

South China Morning Post – World · China

Nearly three-quarters of Cuba’s hotels have been closed and the island’s tourism sector has been brought to “almost total paralysis” by US sanctions and fuel s…

Geopolitics

Japan turns to Canadian crude as Asia feels Hormuz supply pinch

Al Jazeera – News · Middle East

Uncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada's TMX crude oil.

Geopolitics

New yacht travel scheme makes waves but can Hong Kong cash in on marine economy?

South China Morning Post – World · China

For the first time, veteran sailor Thomas Wong Kam-chuen and his partners set sail from Hong Kong on their 46-foot yacht on a two-day trip earlier this month t…

Geopolitics

HKMA warns of interest-rate risk as traders bet on September rate rise

South China Morning Post – World · China

The Hong Kong Monetary Authority (HKMA) has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged, but US traders…

Geopolitics

Brazil becomes world’s top buyer of Chinese cars as imports jump 147%

South China Morning Post – World · China

Brazil overtook Russia and Belgium in the first five months of this year to become the world’s largest importer of Chinese cars, buying US$5.2 billion worth of…

Geopolitics

Canada’s Answer to Trump’s Tariffs: More Energy Deals With Europe

The New York Times – World · US

The Carney government’s agreement with a German natural gas company will also reduce Europe’s dependence on a Qatari supply made more uncertain by war.

Geopolitics

Iran signals gas price hike as fuel crisis looms

Deutsche Welle (DW) – World · Europe

Iranian authorities want to dampen fuel consumption, but a sudden increase in gasoline prices risks social unrest as many Iranian households are already under …

Geopolitics

GST boost: Maharashtra emerges as India’s top state tax contributor

Times of India – World · India

Maharashtra now leads states in tax revenue after the Goods and Services Tax implementation. This growth is supported by high domestic consumption and a large…

Geopolitics

The CXMT shock: how China’s viable alternatives punch Nvidia, Micron, SK Hynix shares

South China Morning Post – World · China

China’s increasing clout in the global semiconductor supply chain is accelerating the unravelling of the artificial-intelligence trade, as expectations grow th…

Geopolitics

Payday winners: India’s salary hikes projected at 8.6%-10.2%; who gets the most?

Times of India – World · India

Professionals in electric vehicles, fintech, healthcare, and engineering can expect brighter salary outlooks. Fast-growing sectors and technical roles will li…

Geopolitics

Why has the China-US profit gap widened on the Fortune Global 500?

South China Morning Post – World · China

China’s unaddressed economic structural problems are swallowing profits and leaving its multinationals falling far behind their US peers in the latest Fortune …

Geopolitics

Singapore signals housing market stability by scrapping 15-month HDB wait

South China Morning Post – World · China

Singapore has signalled stability in the public housing market by scrapping a 15-month waiting period that barred private property owners from buying resale HD…

Geopolitics

Rupee gains for fourth straight session as dollar weakens, oil prices remain below $90

Times of India – World · India

The Indian Rupee strengthened for a fourth straight session on Wednesday. It gained five paise against the US dollar, reaching 95.77. This rise was supported b…

Geopolitics

Industrial output grows 7.3% in June, fastest in 22 months

Times of India – World · India

Industrial production surged 7.3% in June, a 22-month high, driven by manufacturing and electricity growth. This strong performance occurred despite global un…

Geopolitics

For ease of liquidity & business, government to amend MSME Act

Times of India – World · India

New amendments to the MSME Development Act will ensure faster payments for small businesses. Mandatory digital invoicing and stronger protections against dela…

Geopolitics

Shanghai Clearing House targets global growth with expanded offshore yuan push

South China Morning Post – World · China

China is pushing a new model to boost international sales of its domestic bonds, with the Shanghai Clearing House (SHCH) leveraging global financial networks t…

Geopolitics

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

The Guardian – World · Europe

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of…

Geopolitics

Can China and Indonesia’s strong financial ties withstand ‘resource nationalism’?

South China Morning Post – World · China

Back in 2009, when China’s economy was expanding at about twice today’s pace, a little-known private firm made a quiet bet on uncharted territory: Indonesia. T…

Geopolitics

Germany: Low Rhine River levels could push economy into stagnation

Deutsche Welle (DW) – World · Europe

Record-low water levels on the Rhine are forcing cargo vessels to run with sharply reduced loads, driving up transport costs. Economists warn the disruption co…

Geopolitics

Singapore growth to hold firm but AI boom a ‘major uncertainty’: central bank

South China Morning Post – World · China

Singapore’s economic growth should remain firm in the second half of 2026 although a major uncertainty is the sustainability of the AI investment boom, the hea…

Geopolitics

Indonesian central banker’s exit signals dilemma over rate policy, growth target

South China Morning Post – World · China

The sudden resignation of Bank Indonesia’s governor highlights a dilemma that he and his central bank peers in the region have faced in calibrating interest ra…

Geopolitics

Hong Kong Shopping Festival eyes Asean expansion, with Singapore, Malaysia first

South China Morning Post – World · China

An annual e-commerce shopping festival supporting Hong Kong’s small and medium-sized enterprises will expand into the Asean region for the first time via Singa…

Geopolitics

Hong Kong’s Exchange Fund first-half earnings fall 37% on equity slump, softer bond income

South China Morning Post – World · China

The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and w…

Geopolitics

Hong Kong’s Asean charm offensive bags US$1.5 billion Malaysian bond listing

South China Morning Post – World · China

Hong Kong’s push to draw Southeast Asian companies and markets into its financing orbit has scored a milestone, with the Malaysian government preparing to list…

Geopolitics

Barclays increases bonus pool by nearly 30% as calls grow for UK bank tax

The Guardian – World · Europe

TUC leader says lender’s ‘bonanza’ quarterly profits of £3.3bn mean it ‘can easily afford to pay more tax’Business live – latest updatesBarclays has increased …

Geopolitics

The Iran War Is Making Asia’s Street Food More Expensive

The New York Times – World · US

Some staple dishes in Asia are no longer as affordable to purchase or prepare. Customers and food sellers alike are feeling the pinch.

Geopolitics

Mamdani tackles cost of living crisis in New York with 30% discounts

Al Jazeera – News · Middle East

New York City Mayor Zohran Mamdani has announced a new plan to sell discounted grocery baskets at city-run stores.

Geopolitics

Southeast Asian Resort Towns Suffer as Iran War Keeps European Tourists Away

The New York Times – World · US

Soaring airfares and disruptions to Middle Eastern travel hubs are keeping many travelers away from destinations in Cambodia, Thailand and Indonesia.

Geopolitics

Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

Times of India – World · India

Oil prices extended losses as diplomatic talks eased supply disruption concerns. Brent crude futures and WTI crude touched their lowest levels since July. The …

Geopolitics

UK PM Andy Burnham rules out stamp duty changes in next Budget; what it means

Times of India – World · India

In a recent statement, Prime Minister Andy Burnham announced that there will be no changes to stamp duty this year, meaning homebuyers and investors will not b…

Startups

Cracking the economics of rocket science; Indians with income above Rs 100 Cr

Your Story · India

Skyroot’s success isn’t the climax of India’s space story but the start of its commercial phase. In other news, the number of people reporting an annual income…

Geopolitics

Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis

The Guardian – World · Europe

The Houthi threat to Saudi oil exports comes as Japan, South Korea and the Philippines are still reeling from the closure of the strait of HormuzGovernments in…

Geopolitics

A tale of two markets: Wall Street cheers record highs while Beijing deflates bubbles

South China Morning Post – World · China

When the S&P 500, Nasdaq and Dow Jones Industrial Average hit record highs in early July, US President Donald Trump hailed it as evidence of America’s econ…

Geopolitics

Trump takes economic message to Michigan amid dwindling popularity

Al Jazeera – News · Middle East

US president is suffering from low approval ratings in state that has become 'ground zero' for his trade policies.

Geopolitics

Oil price dives as US and Iran pause attacks

BBC News – World · Europe

The US says attacks on Iran have been halted to give "talks some space", raising hopes of a resolution to the conflict.

Geopolitics

Hong Kong to offer 5% shopping and dining discounts for major event participants

South China Morning Post – World · China

Residents and visitors in Hong Kong can enjoy discounts on dining, shopping and attractions in August by presenting tickets for five major events, including an…

Geopolitics

Germany’s drive to compete with China collides with long-standing tradition of Sunday rest

South China Morning Post – World · China

Germany’s drive to compete with Chinese imports is colliding with its long-standing tradition of Sunday rest, with policymakers and retailers now asking whethe…

Geopolitics

Profits in China’s chipmaking sector soar 2,500% in first half amid AI boom

South China Morning Post – World · China

China’s major chip manufacturers saw their profits skyrocket a staggering 2,579.5 per cent in the first half of 2026, fuelled by unprecedented demand for artif…

General

Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy

NBC News – World · US

The two sides halted fire over the weekend, following 13 nights of attacks that threatened new pain for the global economy.

Geopolitics

Singapore tightens monetary policy for second time in 3 months

South China Morning Post – World · China

Singapore tightened monetary policy on Monday for the second time in three months, as the fallout from the US war against Iran keeps global energy markets vola…

Geopolitics

Apple leak in India, China eyes Indonesia for mineral access: 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

Rupee jumps 28 paise against US dollar as crude price drops to $92 per barrel

Times of India – World · India

The Indian Rupee opened stronger against the US dollar on Monday. This rise was supported by declining crude oil prices and a weaker dollar. Easing Middle East…

Disclaimer

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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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