World Economy

RBA Surprise Rate Hold Sparks Market Rally and Shifts Cut Timetable

Australia’s central bank stunned investors on July 8 by holding its cash rate at 3.85%, defying nearly unanimous forecasts for a cut. The Reserve Bank of

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Race to Respond: U.S. Allies Scramble as Trump’s Tariff Deadline Approaches

As the August 1 tariff deadline looms, tensions are mounting globally following President Donald Trump’s latest round of tariff notices targeting key U.S. allies. The

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Asian Markets Dip As Trump Flags BRICS Tariff Surge

Asian markets opened lower today in response to President Trump’s directive to impose additional 10% tariffs on countries aligning with BRICS’ “anti‑American policies”. Key currencies

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Germany Urges Quick Deal as EU Rift Grows Over U.S. Tariffs

Germany has stepped forward as a vocal advocate for swift action. Chancellor Friedrich Merz stressed that a timely tariff resolution is essential to preserve Europe’s economic

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Turbulence Ahead: Supply Chain Strains Fail to Ground Aviation Industry’s Growth Trajectory

As global markets contend with economic slowdowns, high interest rates, and geopolitical tensions, one sector appears to be flying above the turbulence: aviation. Despite industry-wide

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Legal Showdown Over Trump-Era Tariffs Deepens Amid Appeals Court Stay

A judicial back-and-forth over President Donald Trump’s controversial “Liberation Day” tariffs took another turn this week, as a U.S. federal appeals court issued a temporary

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Surat’s Diamond Industry Faces Crisis Amid U.S. Tariffs and Global Market Challenges

Surat, India—long hailed as the world’s diamond polishing hub—is grappling with an unprecedented crisis. The U.S. government’s imposition of a 10% import duty on polished

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Navigating Tariffs: Legal Implications of the First Sale Rule for Importers

As U.S. tariffs on imported goods rise, companies are increasingly exploring the First Sale Rule to manage costs. This legal provision permits the calculation of

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April Inflation Spike Hits UK Households as Energy, Water, and Travel Costs Soar

In April 2025, UK households saw their budgets stretched even further as inflation surged to 3.5%, a notable jump from 2.6% the previous month. This

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China’s Tariff Counterpunch Sparks Global Economic Anxiety

China has responded forcefully to the U.S.’s latest tariff hike by announcing a 34% levy on all American imports and restricting the export of key

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