Geopolitics
Trump slaps 50% tariffs on Canada and Carney vows to 'intensify' trade talks
BBC News – World · Europe
The duties mark a major escalation in trade tensions between the North American neighbours.
Current Affairs
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Domain: Economics: Understanding Economic Systems
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Current affairs articles
Geopolitics
US imposes new 50% tariff on many Canadian goods
Deutsche Welle (DW) – World · Europe
The tariffs will cover products including wine and hockey sticks, but not energy or fish. The move is the latest trade escalation between the US and its northe…
Geopolitics
Trump imposes 50% tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
Indian Express – World · India
- Trump imposes 50% tariffs on most Canadian goods, citing unfair trade practices, risking renewed US-Canada economic tensions. - Section 338 of the 1930 Tra…
Geopolitics
‘We need to be careful’: Andy Burnham’s team keenly aware of fiscal tightrope
The Guardian – World · Europe
Chancellor pick and early policies avoid market meltdown but next week remains ‘moment of real peril’ Andy Burnham has not quite gone for Keir Starmer’s extrem…
Geopolitics
Ukraine War Momentum Helps Spur Interest in Postwar Investment
The New York Times – World · US
At a conference on reconstruction, the focus shifted to private investment, not donor assistance.
Geopolitics
As EU’s China trade deficit widens, Germany changes tack to join France’s Beijing pushback
South China Morning Post – World · China
Facing Europe’s ever-widening trade deficit with Beijing, Berlin is increasingly singing the same tune as Paris. The two nations displayed a united front at th…
Geopolitics
Ryanair profits drop as Iran war puts off passengers and lifts fuel costs
BBC News – World · Europe
The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.
Geopolitics
China’s EV industry rose with the aid of tax breaks. What happens when they end?
South China Morning Post – World · China
As China is ending tax exemptions that helped fuel the rise of its electric-vehicle (EV) and solar industries, analysts said it could add to the cost of produc…
Geopolitics
Rupee tumbles 12 paise against US dollar as Middle East tensions lift crude prices
Times of India – World · India
The Indian Rupee opened lower against the US dollar on Monday. Rising crude oil prices and Middle East tensions fueled dollar demand. Foreign capital outflows …
Geopolitics
Dim sum and bubble tea at 3am: football fans pack Hong Kong malls for World Cup final
South China Morning Post – World · China
Hong Kong football fans swapped their living rooms for shopping centres to watch the World Cup final, enjoying dim sum, snacks and milk tea as vendors set up p…
Geopolitics
Is Hong Kong doing enough to lose its top spot for expensive housing?
South China Morning Post – World · China
Hong Kong has come out on top again, but not in a good way. After earning the distinction of having the highest petrol prices in the world, we have again been …
Geopolitics
Beggar’s banquet: South Korea’s young consumers turn extreme budgeting into a game
South China Morning Post – World · China
For South Korea’s young budget-conscious consumers, finding a meal for less than 8,000 won (US$5.40) – at a time when a typical meal out in major cities can ea…
Geopolitics
Pay gap widens as UK bosses get 130 times average worker’s salary
The Guardian – World · Europe
In its final report the High Pay Centre says the median remuneration of a FTSE 100 CEO has risen to a record £5.06mThe bosses of Britain’s largest listed compa…
Geopolitics
Thames Water creditors seek talks with Burnham as nationalisation looms
The Guardian – World · Europe
Consortium preparing for potential legal battle amid reports new PM could put the company into temporary public ownershipThe group of investors pursuing a resc…
Geopolitics
Bank of England to stop accepting bonds linked to coal for key loans
The Guardian – World · Europe
Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuelClimate campaigners have declared a victory after the Bank…
Geopolitics
Malaysia investigates state pension’s failed eFishery investment
South China Morning Post – World · China
Malaysia’s anti-corruption agency has opened an investigation into losses tied to state pension fund Kumpulan Wang Persaraan Diperbadankan’s investment in fail…
Geopolitics
Hong Kong’s 5-year plan must focus on what the city does best
South China Morning Post – World · China
Hong Kong has embarked on the path of drawing up its first five-year plan – a significant moment in its history. Hong Kong’s first five-year plan should be mor…
Geopolitics
Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief
South China Morning Post – World · China
Indonesia’s Danantara must outlive political administrations to prove its worth to investors and most importantly to the people, according to the sovereign wea…
Geopolitics
Russians turn to cash, putting more strain on slowing wartime economy
BBC News – World · Europe
Russians have been hit by mobile internet shutdowns and more businesses are seeking to dodge tax after more than four years of war with Ukraine.
Geopolitics
Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories project
South China Morning Post – World · China
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, has sold out the first batch of units at its Garden Regency project in …
Geopolitics
Bali’s ‘big leap’: from holiday paradise to international financial centre
South China Morning Post – World · China
Indonesia is pushing ahead to transform the holiday island of Bali into an international financial centre, with its parliament set to debate new laws this week…
Geopolitics
Why Japan should be able to weather a US market crash
South China Morning Post – World · China
What if Wall Street stock prices were to collapse from their current pinnacles under the sheer weight of excessive investment in artificial intelligence (AI)? …
Geopolitics
Can Philippines turn reforms into gains in Southeast Asia’s FDI race?
South China Morning Post – World · China
Not so long ago, the Philippines was bedevilled by warning signs to investors, from its corruption to its groaning infrastructure and a fuel crisis born of a w…
Geopolitics
Dubai job crisis: How the Iran war is hitting Indian and migrant workers
Indian Express – World · India
- Dubai migrant workers face job losses, reduced pay, and limited opportunities due to ongoing US-Iran conflict disrupting tourism and business. - UAE offici…
Geopolitics
UAE’s Hormuz workaround tries to bypass its trillion-dollar economic heart
South China Morning Post – World · China
Geography has handed the United Arab Emirates quite the quandary: its government wants to cut dependence on the Strait of Hormuz to “zero”, yet the ports that …
Geopolitics
‘Made in EU’: How Europe plans to use China’s tech to pull level with its EV rival by 2028
South China Morning Post – World · China
European policymakers have watched Chinese carmakers roll in like a slow but unstoppable tide over the past few years: affordable, polished and threatening one…
Geopolitics
Pakistan PM Shehbaz Sharif says renewed tensions in West Asia could hit economy again
Indian Express – World · India
- Pakistan faces economic risks from escalating West Asia conflict; PM warns of impacts and holds meeting to assess regional tensions. - Austerity measures a…
Geopolitics
Rupee rises 14 paise in early trade as Dalal Street cheers; oil adds limited gains
Times of India – World · India
The rupee opened stronger against the US dollar on Friday, gaining fourteen paise in early trade. Upbeat equity markets provided support for the domestic curre…
Geopolitics
Hydrogen train, Rs 25K cr in projects: PM Modi's agenda in Haryana, Chandigarh & Punjab
Times of India – World · India
Prime Minister Narendra Modi will launch development projects exceeding twenty-four thousand eight hundred crore rupees. These initiatives span highways, rail…
Geopolitics
IEA chief warns Strait of Hormuz crisis threatens global energy security
Al Jazeera – News · Middle East
Fatih Birol says 'oil security is still a critical issue' and world should be 'worried' if situation does not improve.
Geopolitics
How three Ivorian firms are competing with global brands
Al Jazeera – News · Middle East
Homegrown firms are gaining ground in Ivory Coast's fuel, finance and cosmetics sectors.
Geopolitics
‘Trump Accounts’ are symbolic, not effective at closing wealth gap
Al Jazeera – News · Middle East
The wealth gap is wider than it’s been in three decades.
Geopolitics
Retail rift: Hong Kong shops plead for rent relief, landlords see improving market
South China Morning Post – World · China
Although retail sales in Hong Kong rose more than 10 per cent year on year in the first five months of 2026, a wave of shop closures continues, leaving tenants…
Geopolitics
Why Gulf states are investing billions in Africa
Deutsche Welle (DW) – World · Europe
Wealthy Gulf states are investing billions in African countries. But the nations involved all have different objectives. What's behind the investments and what…
Geopolitics
US gas prices edge up again as US-Iran tensions heighten over strait of Hormuz
The Guardian – World · Europe
Diesel tops $5 a gallon as regular gas reaches almost $4, nearly a dollar and a quarter more than a year agoThe average price of diesel fuel in the US has incr…
Geopolitics
Short-haul tourist arrivals fall 15% amid strong Hong Kong dollar, fewer flights
South China Morning Post – World · China
Hong Kong’s short-haul visitor arrivals plunged by 15 per cent in June despite an overall growth in traffic, as higher fuel costs linked to the Middle East con…
Geopolitics
US slaps 25% tariffs on Brazil with election looming
Deutsche Welle (DW) – World · Europe
The US will impose a 25% tariff on most imports from Brazil starting later this month. It's the first action in the Trump administration's new tariff strategy,…
Geopolitics
China vows helium-trade policy changes as global tightening squeezes gas supplies
South China Morning Post – World · China
China will adjust its export controls on helium in response to changes in domestic and global supply conditions, after temporarily suspending overseas shipment…
Geopolitics
New Johor rail link: a US$815m challenge for Singapore’s retail and F&B
South China Morning Post – World · China
Singapore consumers are expected to spend an additional S$1.05 billion (US$815 million) annually in Malaysia’s Johor state once a cross-border rail link connec…
Geopolitics
Will gold prices extend their record-breaking run?
Deutsche Welle (DW) – World · Europe
Predictions suggest the price of the precious metal will keep hitting new record highs as investors seek a safe bet in turbulent times. Some forecasts say pric…
Geopolitics
Ex-World Bank official warns of need to diversify away from US markets: people will suffer
South China Morning Post – World · China
A coordinated push towards global market diversification is urgently needed to shield savers from a potentially dangerous valuation correction in highly concen…
Geopolitics
UK economy grew by 0.1% in May despite impact of Iran war
The Guardian – World · Europe
Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics showThe UK economy returned to growth in May, despite the impact o…
Geopolitics
U.S. imposing 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices
The Hindu – World · India
The order exempts some goods that are not produced in the U.S. or that officials worry would disrupt supply chains
Geopolitics
Rubio says 25% US tariffs on some Brazilian goods price for Lula’s ‘ego’
South China Morning Post – World · China
The US will begin charging 25 per cent tariff on imports of certain goods from Brazil following an investigation alleging that the country engaged in unfair tr…
Geopolitics
US Fed enlists ex-RBI guv Rajan, 2 other Indians for massive policy overhaul
Times of India – World · India
Former RBI governor Raghuram Rajan will help shape US monetary policy. He joins a Federal Reserve task force reviewing its policy framework. Rajan will examine…
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