Global Economy

Assorted banknotes arranged near a currency exchange workspace

October 5, 2026

Iranian Rial Plunges to Record Low as Central Bank Deploys $2B

Iranian Rial Hits New Low: Central Bank Intervenes as Currency Falters The Iranian rial plunged to a new record low against the U.S. dollar, trading at approximately 2.688 million rials per dollar,

Gordie Howe International Bridge connecting Windsor, Ontario and Detroit, Michigan, representing international trade and infrastructure cooperation

Business·News·Policy·World

WTO trade report: Fragmentation could cut global GDP 6.9% while cooperation adds 2.9% by 2050

The WTO’s 2026 World Trade Report does not predict a catastrophe. It models three futures — and the differences between them are large enough to matter for every exporting economy, including Australia. Three Scenarios, Not One Forecast The World Trade

September 16, 2026

OPEC Revises Oil Demand: What Shifting Forecasts Mean for Energy Prices

Business·Energy

OPEC, the Organization of the Petroleum Exporting Countries, released updated projections on global oil demand that highlight shifting consumption patterns across developed and developing

RBA Rate Hold at 4.10% Sparks 95% Cut Odds as Borrowing Power May Jump $100,600 in Coming Months

Australia·News

The Reserve Bank of Australia (RBA) holds its cash rate at 4.10% as of April 2025, with markets pricing a 95% chance of a

Flag of Usa. Photo Source- David Dibert.

News·USA

US Credit Downgrade as Moody’s Cuts AAA and Debt Hits $36T With $1T in Interest Payments Coming

The United States lost its last perfect credit rating as Moody’s Investors Service lowered the nation’s rating to Aa1 from Aaa on May 16, 2025. The downgrade comes as federal debt reaches

Sunita Somvanshi

May 17, 2025

China Shipping. Photo Source: Keith Skipper (CC BY-SA 2.0)

Business·China·News

China Exports Surge 12.4% Despite 145% US Tariffs: ASEAN Markets Up 11.6% as Supply Chains Shift

The numbers tell quite a story. China’s exports surged 12.4% in March 2025, with first-quarter growth hitting 6.9%. But beneath these headline figures lies a massive shift in global trade flows driven

Sunita Somvanshi

May 9, 2025

Global economy depending on the consumption of raw materials is trapping the whole world into challenging efforts to be taken in accordance with CGR 2024. Photo Source: Royce Bair (CC BY-NC-ND 2.0)

News·Space

Global Circularity Falls to 7.2% as Material Use Nears 20th Century Total in Six Years

The global economy’s voracious appetite for raw materials has reached unprecedented levels, consuming nearly as much in the past six years as during the entire 20th century. Between 2016 and 2021, we

Rahul Somvanshi

April 19, 2025