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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Oil prices jump as Hormuz, Red Sea crises deepen

Deutsche Welle (DW) – World · Europe

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else…

Geopolitics

Shanghai to launch ‘choke point’ tech funds, relax pre-profit listing rules in key sectors

South China Morning Post – World · China

Shanghai is exploring dedicated funds to tackle “choke point” technologies and new channels for offshore yuan capital to invest in China’s tech board, while al…

General

Oil surges to $100 per barrel after Red Sea attacks

NBC News – World · US

European and U.S. crude oil both jumped, hitting their highest levels in weeks.

Geopolitics

Path opened for Malaysian firms to pursue secondary share listings in Hong Kong

South China Morning Post – World · China

Hong Kong is reaping rewards from a charm offensive with Malaysia as it works to enhance its attractiveness to global fundraising activities, with deals reache…

Startups

Backed by Maersk and ₹10,000 crore, India challenges China’s 95% monopoly

Your Story · India

India’s first Maersk-approved EXIM box and 1,000-unit order signal a bold opening challenge to China’s global container dominance.

Geopolitics

Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live

The Guardian – World · Europe

Live, rolling coverage of business, economics and financial markets as government says it will review reliefs for ‘anti-social’ businessesPubs and restaurants …

Geopolitics

More pulp, less tax: Govt hits sweet spot with 'aam' proposal to help Totapuri farmers

Times of India – World · India

The government proposes a 5% GST rate for mango drinks with 22-25% real pulp. This move aims to revive Totapuri mango pulp demand and improve beverage quality.…

Geopolitics

Oil prices touch six week high as Strait of Hormuz is 'completely closed'

Times of India – World · India

Crude oil prices surged as Middle East conflict escalated on Thursday. Brent crude rose above $96 a barrel and WTI climbed past $88. Fresh attacks on oil tanke…

Geopolitics

AI, China, ‘dark factories’ and the future of the US auto industry

Al Jazeera – News · Middle East

Economist Mary Lovely dismisses the claims that getting automakers to produce more cars in America proves tariffs work.

Geopolitics

Chinese investors rush into private funds, pouring US$1.2 trillion into securities

South China Morning Post – World · China

China’s private securities investment funds surpassed 8 trillion yuan (US$1.2 trillion) for the first time at the end of June, emerging as the core engine driv…

Geopolitics

Russia's businesses under strain from Ukraine's attacks on Wildberries

BBC News – World · Europe

Ukrainian drones have hit several retail warehouses belonging to Russia's biggest online retailer Wildberries in a matter of days.

Geopolitics

Chile hunts for copper buyers beyond China with US$100 billion mining plan

South China Morning Post – World · China

Chile wants to widen the group of countries buying its copper and attract about US$100 billion in mining investment over the next decade, its foreign minister …

Geopolitics

Israeli Banks Threaten to Cut Off Palestinian Economy

The New York Times – World · US

Two Israeli financial firms have long served as partners to Palestinian banks, handling transactions that make possible the West Bank’s imports and exports.

Geopolitics

Trump’s 50% Tariffs on Canada: What to Know, and What’s Next

The New York Times – World · US

The president said punishing 50 percent tariffs would begin by Aug. 19, a significant escalation of the trade war between Canada and the U.S. that he started o…

Geopolitics

'Brokerage fee': Pakistan seeks $10bn lifeline, after mediation role between US & Iran

Times of India – World · India

Pakistan seeks a ten billion dollar financial lifeline from the Trump administration. This facility aims to strengthen its foreign exchange reserves and ease r…

Geopolitics

Hong Kong millionaires look to GBA living as retirement planning gaps emerge

South China Morning Post – World · China

[The content of this article has been produced by our advertising partner.] For a growing number of Hong Kong millionaire respondents, the mainland Greater Bay…

General

Oil surges past $95 as U.S. downplays Iran diplomacy and 2nd trade route is disrupted

NBC News – World · US

The international benchmark Brent crude rose almost 5% to hit more than $95 per barrel for the first time in almost six weeks.

Geopolitics

Will surge in German business bankruptcies hit growth?

Deutsche Welle (DW) – World · Europe

Company insolvencies in Germany are rising sharply. Is this a sign of deeper economic weakness, or just a market correction that could ultimately benefit futur…

Geopolitics

Why Pakistan is asking the US for a $10-billion lifeline after its Iran diplomacy

Indian Express – World · India

- Pakistan seeks $10 billion U.S. facility to stabilize currency, reduce IMF reliance, and ease rupee pressure. - Request follows Pakistan’s role in Iran tal…

Geopolitics

UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

The Guardian – World · Europe

Annual June figure comes after new PM pledges to reduce cost of living and improve economyBusiness live – latest updatesUK inflation dropped by more than expec…

Geopolitics

Indonesia steps up market reforms to avert MSCI downgrade

South China Morning Post – World · China

When global index provider MSCI warned in January that Indonesia risked being demoted from emerging to frontier market status, it unleashed a wave of volatilit…

Geopolitics

China-dominated central bank digital currency platform touts largest transactions to date

South China Morning Post – World · China

A leading Chinese bank has processed the largest cross-border transactions yet via mBridge, a multilateral central bank digital currency (CBDC) platform, marki…

Geopolitics

Donald Trump reveals 200% tariff plan for generic medicines. Will India exports be hit?

Indian Express – World · India

- Trump announced phased tariffs on US generic drugs, starting at 0% and rising to 200% by 2027 to incentivize domestic manufacturing. - India, the top US ge…

Geopolitics

Petrol pumps across Pakistan set for nationwide strike after pricing talks fail

Indian Express – World · India

- APPPOA declares nationwide strike from Wednesday over failed talks on daily fuel pricing with the government. - Dealers demand monthly price revisions and …

Geopolitics

Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude

Times of India – World · India

The Indian rupee opened lower on Wednesday, facing pressure from rising crude oil prices. Geopolitical tensions and demand for safe-haven assets also weighed o…

Geopolitics

China’s policy playbook took its EV sector from zero to hero – can other countries follow?

South China Morning Post – World · China

China’s electric vehicle (EV) industry sits at the centre of numerous economic and geopolitical trends: consumer spending, environmental protection, trade poli…

Geopolitics

Why China is rapidly expanding its land trade routes to Central Asia

South China Morning Post – World · China

Over the past year, China’s Belt and Road Initiative has seen rapid development in Central Asia. This has been evidenced by the launch of several railway and r…

Geopolitics

Carney says he and Trump have agreed to ‘intensify’ trade negotiations

Al Jazeera – News · Middle East

Relations between Canada and its largest trading partner have been tested by Trump's repeated jibes, threats and tariffs

Geopolitics

Andy Burnham urges cabinet to examine ‘all possible ways’ to tackle cost of living crisis

The Guardian – World · Europe

As new prime minister briefs cabinet on ‘cost of living government’, critics ask where money will come fromAndy Burnham is under mounting pressure to explain h…

Geopolitics

Fiscal hawk or big spender – what kind of chancellor will John Healey be?

The Guardian – World · Europe

Diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding PM’s policy promisesOn the frequent occasions that J…

Geopolitics

Trump Escalates Canada Tariffs as Mark Carney Holds Firm

The New York Times – World · US

The president’s new tariffs on a top U.S. trading partner aim at gaining concessions, but the Canadian government, and the public, have been bracing for the es…

Geopolitics

Spanish hotel chain ceases operations in Cuba under pressure from Washington

The Guardian – World · Europe

Meliá group says Donald Trump’s sanctions make it ‘impossible’ to keep any of its 34 sites openA Spanish hotel chain is to cease all operations in Cuba at the …

Geopolitics

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

The Guardian – World · Europe

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economyFollow ou…

Geopolitics

Asia’s oil buyers face US$100-per-barrel risk as Houthis threaten Saudi blockade

South China Morning Post – World · China

Asia’s oil buyers are facing the risk of a second maritime chokepoint being disrupted after Iran-aligned Houthi militants threatened to impose a naval blockade…

Geopolitics

UK’s Burnham eyes lower energy bills in first move as PM

South China Morning Post – World · China

British Prime Minister Andy Burnham said on Tuesday he would cut taxes ⁠on electricity bills, the first of several early moves to signal his intent to ease a c…

Geopolitics

Indonesia further cuts budget of president’s free meals scheme

South China Morning Post – World · China

Indonesia ⁠has further reduced its ⁠budget for President Prabowo Subianto’s ⁠signature free school meals programme to 229 trillion rupiah (US$12.81 billion) fr…

Geopolitics

Burnham, UK’s New Prime Minister, Starts With Electricity Tax Cut

The New York Times – World · US

Prime Minister Andy Burnham moved quickly to confront the high cost of living. And President Trump wished him well after a phone call between the two leaders.

Geopolitics

Does money buy happiness? What India's spending power reveals about how we live

Times of India – World · India

Indian households now spend more on experiences and lifestyle choices. Average monthly spending has risen across both rural and urban areas. Food now constit…

Geopolitics

Why the youth jobs crisis is becoming global

Deutsche Welle (DW) – World · Europe

Young people in much of the world face growing competition for entry-level jobs as graduate numbers rise, hiring slows and AI-driven disruption adds uncertaint…

Tech & Startups

Etsy Is In Its Flop Era, and Sellers Are Fleeing

Wired · Global

Once a quirky bastion of amateur vulva jewelry and pet portraits, Etsy is now deluged with mass-produced goods and AI knockoffs. Some customers don’t seem to m…

Geopolitics

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

The Guardian – World · Europe

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie DimonBusiness live – latest updatesThe boss of JP Morgan, Jamie Dimon, h…

Geopolitics

UK employers cut job vacancies as Burnham aims to lift living standards

The Guardian – World · Europe

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime ministerBusiness live – latest updatesEmployers cut the number of job vacanci…

Geopolitics

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

South China Morning Post – World · China

BYD has rolled out its 100,000th new-energy vehicle from its Brazilian assembly line, underscoring the growth potential for Chinese products in South America, …

Geopolitics

'Direct violation': Canada vows to protect workers after Trump slaps 50% tariffs on select goods

Times of India – World · India

Canadian Prime Minister Carney stated new US tariffs violate the CUSMA trade agreement. He affirmed continued government support for Canadian workers and busi…

Geopolitics

Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told

The Guardian – World · Europe

New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealthA wealth tax on the UK’s super-rich households could raise …

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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