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Keywords: Global Economy


Freeport confirms seven deaths after Grasberg mine disaster in Indonesia

Freeport-McMoRan has confirmed the deaths of all seven workers who went missing following a catastrophic mudflow at its Grasberg copper and gold mine in Indonesia. The discovery of the remaining five bodies on October 5 marked the end of a nearly month-long search and rescue mission that followed the......

Global boycott campaigns hit major brands over ties to Israel amid Gaza war

A growing international boycott movement is significantly impacting multinational corporations with alleged ties to Israel, as global outrage continues over the war in Gaza. From fast food giants to global apparel and beverage brands, companies are reporting falling sales and reputational damage, particularly......

Bond yields surge to multi-decade highs amid global sell-off

Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......

Lagarde sounds alarm over Trump controlling U.S. monetary policy

Christine Lagarde, President of the European Central Bank (ECB), warned on Monday that if former U.S. President Donald Trump were to gain control over American monetary policy, it would pose “a very serious danger” to both the U.S. and global economies. Speaking on Radio Classique, Lagarde......

Global FDI falls 11% in 2024, UNCTAD report shows

Foreign direct investment (FDI) fell by 11% worldwide in 2024, according to the World Investment Report 2025 published by the United Nations Conference on Trade and Development (UNCTAD). This marks the second consecutive year of decline in global FDI, the report highlighted, noting that investments......

US and China extend tariff truce, averting trade escalation

The United States and China have agreed to extend their tariff truce for an additional 90 days, preventing a sharp rise in duties that risked further straining trade relations between the two economic superpowers. US President Donald Trump announced the decision on Monday, revealing an executive order......

EU and South Korea seek urgent trade deals to avoid Trump’s looming tariffs

The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......

Euro's potential rise amid shifting global economic landscape

European Central Bank President Christine Lagarde recently underscored a significant transformation in the global economic order, one that has relied heavily on the leadership of the United States and the dominance of the US dollar. Speaking at the Hertie School in Berlin, she articulated concerns over......

Oil prices plummet to four-year low amid escalating US-China trade tensions

Oil prices have fallen to their lowest levels in four years as escalating trade tensions between the United States and China create alarming fears over the global economy. The latest developments were triggered by Washington's implementation of extensive new tariffs, which have reverberated across......