India has emerged as the world's leading ship recycling nation, overtaking traditional rivals to claim the top spot in the global industry. The milestone underscores India's growing dominance in maritime recycling and its expanding role in the global shipping economy.

India Overtakes Rivals to Become World's Top Ship Recycler 

India has become the world's largest recipient of remittances for the fourth year running. Indians abroad sent home $135.4 billion in FY25, nearly ₹13 trillion. That's up 14 percent from the previous year's $129 billion. This single inflow is bigger than India's foreign direct investment and larger than foreign portfolio investment.

India's Remittance Power: $135 Billion and Counting

America's billionaires now collectively hold $9.2 trillion in wealth, up 32 percent in a single year. To put that into context, the U.S. economy grew by just 6 percent over the same period. Billionaire wealth expanded at more than five times the pace of the broader economy.

$9.2 Trillion: Who's Winning America's Economy?

Freedom of expression is a key feature of democracy, and Nigeria’s 2026 democracy day celebrations across the country were marked by demonstrations and public protests as citizens voiced concern over rising insecurity, economic hardship, and what many described as poor governance.


Democracy Day Celebration Marred by Protests Over Insecurity, Poor Governance

Traditionally, the world cup may have offered a welcome reprieve from global uncertainty and heavy headlines. Still, there are moments when even the world’s most popular distraction falls short. In this next report, we dive into the global economic outlook as the near-closure of the Strait of Hormuz plays into extra time and central banks grapple with the fallout.


Can World Cup Euphoria Outrun the Global Storm? 

The arrival of the world's first trillionaire marks a historic moment for global economy. Elon Musk's fortune has surged past the one-trillion-dollar mark, but the milestone is also fueling a broader debate over inequality, taxation and the concentration of wealth in the hands of a few. Here's the story behind the trillion-dollar era.


World's First Trillionaire Reignites Inequality Debate

Pakistan's 2026-27 federal budget outlines an 87.49 billion (18.77 trillion PKR) outlay, with a primary focus on maintaining IMF targets, tackling massive debt, and addressing regional security pressures. Out of the total spending, nearly 43% is consumed by interest payments, while defense spending has been bumped up significantly.


Pakistan Budget 2026: Debt, Defence Dominate Pakistan's Budget Priorities

America spends nearly twice what it earns in a single month. The latest US Treasury released its may monthly statement, with the numbers showing stark deficit figures. 


US Borrows $5 Billion Daily as Deficits Spiral 

A new study shows the war in West Asia could become a global economic meltdown. The P-I-I-E paper dives into the impact of the war beyond the region.


West Asia War: A Global Economic Meltdown in the Making? 

Finding a first job is becoming increasingly difficult for young people across several major economies. In the United States, unemployment among teenagers aged 16 to 19 rose to 14.7 percent in may, up from 13.4 percent a year ago. The increase comes just as the summer hiring season begins, traditionally a period when retailers, restaurants, camps and entertainment venues add temporary workers.


Youth Job Crisis Deepens Across Economies

The closure of the Strait of Hormuz has triggered one of the biggest disruptions in modern energy markets, but one industry has emerged as a clear winner…oil shipping. The disruption has sent tanker freight rates soaring. Industry profits hit a record 36 billion dollars in the first quarter of the year, surpassing the previous peak set during the energy crisis of 2022.


Iran War Fuels Shipping's Biggest Payday

India’s economy closed FY26 on a strong note, with GDP growth for the January to march quarter coming in at 7.8%, while full-year growth stood at 7.7%.


Can India Sustain Its Growth Momentum This Year?

Pakistan’s fragile economy is facing a fresh setback. A new IPSOS survey shows public confidence in the country's direction has fallen sharply to 22 percent, down from a peak of 40 percent earlier this year.


Pakistan's Economy Faces a Confidence Crisis

Bolivia is facing growing unrest as nationwide road blockades disrupt the supply of fuel, food and essential medicines across the country. The escalating crisis has raised concerns about shortages, economic disruption and public hardship. Amid mounting pressure, Ernesto Justiniano is set to replace Marcelo Salinas as Defence Minister, adding a new political dimension to an already tense situation. 


Bolivia Anti-Govt Protests: Fuel & Food Shortages Deepen Amid Blockade

Bolivia: Mass Protests Demand President Rodrigo Paz's Resignation

A growing loneliness crisis in China is fueling the rapid rise of a new industry: paid companionship. From hiring someone to chat over coffee to virtual emotional support services, more people are turning to companionship platforms to combat isolation in fast-paced urban life. Analysts estimate China's companionship economy could be worth $7.4 billion in 2025, reflecting changing social habits, delayed marriage trends, and the pressures of modern living. The phenomenon is reshaping how many people seek connection in the digital age.


China’s $7.4 Billion Loneliness Economy: Why Millions Are Paying for Companionship 

Donald Trump is facing intense scrutiny over both his broad economic and foreign policy promises—such as tariff disputes and international conflicts—and his controversial East Wing renovation project.


From Tariffs to Wars, Trump Made Big Promises, Trump Faces Criticism on Ballroom Renovation

Amid growing protests and economic unrest in Bolivia, President Rodrigo Paz has announced a 50% salary cut for himself and his ministers in an effort to ease public anger and show solidarity with struggling citizens. The move comes as demonstrations intensify across the country over inflation, rising living costs, and political tensions. While supporters call it a symbolic step, critics argue deeper economic reforms are urgently needed to calm the crisis.


Bolivia Protest: President Rodrigo Paz Halves Salary Amid Growing Unrest

U.S. economic confidence has plummeted to near four-year lows, driven by surging inflation and higher gas prices. Major indicators reveal households are grappling with severe pessimism regarding the cost of living, with the Gallup Economic Confidence Index dropping to -45, its lowest reading since late 2022. 

Confidence in US Economy Drops Sharply, Economic Pessimism Grips US Households

Global interest rate hikes are looming as persistent inflation and Middle East energy shocks force central banks to pivot to hawkish stances. Markets are pricing in further tightening to anchor price pressures, pushing conventional bond yields higher globally and triggering a shift toward floating-rate debt.


Will Energy Crisis Force Global Rate Hikes?

The economic fallout of the Iran war is beginning to ripple across developing economies. According to an internal World Bank document viewed by Reuters, 27 countries have moved to activate crisis financing instruments that would allow them to quickly access funds from existing World Bank programs. 


World Bank Rapid Response Window Sees Rising Demand

Prime Minister Narendra Modi’s five nation diplomatic tour has delivered a major economic boost for India. Reports suggest the visits secured an investment pipeline estimated at nearly $40 billion across sectors including, semiconductors, clean energy, logistics, defence and digital infrastructure. 


India Gains Big From PM Modi’s 5-nation Tour

Violence has erupted in Bolivia’s capital as protesters and police clashed amid escalating unrest. Explosions were reported during confrontations in the streets, with tensions rapidly intensifying as demonstrations spread across key areas. Authorities have moved to contain the chaos while concerns grow over political instability, public anger, and worsening security conditions in the country. The clashes mark another major flashpoint in Bolivia’s ongoing unrest crisis.

Explosions In Bolivian Capital As Protesters And Police Engage In Clashes

Several Asian currencies have weakened significantly against the U.S. dollar over the past two years, with some hitting record lows. This data-driven breakdown explores which currencies fell the most and what it means for regional economies, trade balances, and inflation pressures across Asia.


Asian Currencies Over 2 Years: Dollar Strength & FX Breakdown

China’s manufacturing sector has contracted for the seventh consecutive month, the longest downturn in nearly a decade.
Despite a recent Trump–Xi trade truce, weak global demand and mounting tariffs have dragged factory activity below expectations.
Analysts warn of the slowest quarter since the pandemic as Beijing races to inject fresh stimulus and defend its growth target.

China Economic Data Signals A Sharp Slowdown

Prime Minister Narendra Modi is set to meet Swedish leaders and top CEOs in Gothenburg as part of his five-nation tour. The visit is expected to focus on strengthening economic ties, innovation partnerships, technology cooperation, and investment opportunities between India and Sweden. PM Modi’s meetings with business leaders are also aimed at boosting trade and strategic collaboration across key sectors.


PM Modi's 5 Nation Tour: PM Modi Wraps Up Netherlands Visit, Set to Arrive in Sweden

Lebanon’s economy is under intense pressure as renewed conflict deepens the country’s long-running financial crisis.
From small shop owners to restaurants and local markets, businesses are struggling to survive amid falling demand and soaring costs.
Here’s a report on how war is reshaping daily life in Lebanon. Take a look.

Lebanon Faces War & Price Shock

Indian Rupee hits a record low as global fuel crisis intensifies pressure on emerging market currencies. Rising crude oil prices, dollar strength, and widening import bills are shaking investor confidence and adding strain on India’s forex reserves.


Indian Rupee Slides to Record Low Amid Global Fuel Crisis 

As oil stays above 100 dollars a barrel, bond yields and inflation expectations around the world are rising as well.
Few advanced economies are feeling the pain more than Japan, and fewer still are as poorly equipped to handle it.

Will Japan Be Forced to Intervene in FX Markets?

In Russia, a widening crackdown on internet services and messaging apps like Telegram is disrupting how thousands of businesses operate. From online orders to client communication, small firms say repeated restrictions, outages, and VPN dependency are costing them time, money, and customers, with no clear alternative in sight.


Russia's Internet Crackdown Disrupts Businesses

The economic shockwaves of the Iran war have spread beyond the average American consumer cursing under their breath at the pump.

Now, businesses that would have pocketed that additional dollar being spent on each gallon of gas are sounding the alarm.

Fuel Costs Hot Topic for Consumer Firms

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