‘Very, very optimistic’: Scott Bessent downplays 2026 recession fears; admits some US sectors remain weak
File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent has insisted the…
Falling stock markets and high shop prices hit US consumer confidence; rate cut hopes lift Wall Street – as it happened | Business
US consumer sentiment weakens amid high prices and falling markets US consumer sentiment fell in November to one…
With a million young people locked out of work, the UK’s hidden jobs crisis is only growing | John Harris
Another week, another set of sobering economic numbers. Last Thursday, the Office for National Statistics published its latest…
After two years, Bank of Israel set to cut rates in warning to greedy banks
After nearly two years of holding steady, the Bank of Israel is expected to cut its benchmark interest…
Time for Rachel Reeves to resign, says Shadow Chancellor Sir Mel Stride
SHADOW Chancellor Sir Mel Stride has said that Rachel Reeves should resign for misleading people and breaking manifesto…
Dubai unveils record three-year budget with $82bn in spending
Dubai has unveiled a record government budget for 2026-2028, pegging spending during the three-year cycle at Dh302.7 billion…
US can’t overcome manufacturing gap with China
The United States should not kid itself. It will not recover its manufacturing position from China in any…
India Turns to U.S. Energy to Shield Itself From Massive Tariffs
India has agreed to deepen its energy trade with the United States in a bid to avoid the…
John Dumelo calls for increased production in oil and palm oil sectors
He urged government to prioritise increased production in both crude oil and oil palm The Member of Parliament…
Exclusive | Why US economist Nicholas Lardy thinks the ‘peak China’ theory has peaked
Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of…
Experts sound alarm over nation’s dire economic future: ‘Across various sectors’
In Kuwait, scientists and economic experts gathered to discuss the country’s need to address climate-related challenges that are…
In Depth: China’s Steelmakers Look Abroad as Domestic Pressures Mount
China’s steel industry is experiencing a period of acute imbalance between supply and demand. In 2025, domestic crude…