Tag: #GlobalEconomy
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US-Iran Peace Deal Welcomed Worldwide as Historic Breakthrough for Regional Stability and Economic Recovery
US-Iran Peace Deal Marks a New Chapter in West Asia The recently announced US-Iran Peace Deal has been welcomed by world leaders as a historic diplomatic breakthrough that could transform the geopolitical landscape of West Asia. The agreement, announced by United States President Donald Trump and supported by international mediators led by Pakistan, has generated…
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World Bank Cuts Global Growth Forecast to 2.5% as Middle East Conflict Sparks Global Economic Concerns
New Delhi, June 13, 2026: The World Bank cuts the global growth forecast to 2.5% for 2026, citing escalating tensions in the Middle East, surging energy prices, renewed inflationary pressures, and increasing uncertainty in global financial markets. The latest report has raised concerns among policymakers, investors, and businesses worldwide as the global economy faces another…
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Major Boost: India New Zealand FTA Marks Powerful New Chapter in Trade & Strategic Ties
New Delhi | April 27 India New Zealand: In a landmark development for global trade and diplomacy, Piyush Goyal and Todd McClay hailed the India New Zealand Free Trade Agreement (FTA) as a “comprehensive” and forward-looking framework, opening a new era of economic cooperation between the two nations. The agreement, signed in New Delhi, is…
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US Extends Waiver on Russian Oil Sales Amid Global Energy Market Turmoil
Washington, April 18, 2026 — The U.S. Department of the Treasury has issued a new temporary waiver that allows the sale and transport of sanctioned Russian oil stranded at sea. Officials took this step to calm global energy markets, which remain under pressure due to ongoing tensions in West Asia. Fresh Waiver to Stabilise Oil…
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RBI May Raise Inflation Forecast, Warns of GDP Downside Risks Amid Global Uncertainty
New Delhi, April 7, 2026:The Reserve Bank of India (RBI) is likely to revise its inflation projections upward while flagging downside risks to GDP growth in its upcoming monetary policy review, according to a report by PhillipCapital. Inflation Projections Likely to Rise The report highlighted that the current inflation projection for the first half of…
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Jaishankar Discusses West Asia Crisis Impact on Global Economy, MEA Highlights Diplomatic Outreach
New Delhi, India | March 24:India has intensified its diplomatic efforts amid the ongoing West Asia conflict. The Ministry of External Affairs (MEA) confirmed that S Jaishankar held multiple high-level discussions with global and regional leaders. The talks focused on the conflict’s impact on the international economy, especially energy security. Talks with US Focus on…
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Rupee Hits Record Low, Falls Past 93 Against Dollar Amid West Asia Tensions
Mumbai, March 20: The Indian rupee fell to a historic low on Friday. It crossed the 93 mark against the US dollar during early trade. Rising global tensions and foreign outflows continue to pressure the currency. The Indian Rupee opened at 92.89 per dollar. It soon weakened further and traded around 93.15, marking a new…
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Qatar LNG Output Drops 17% After Missile Attack; India Faces Major Energy Risk
New Delhi, March 20: A missile attack on Qatar’s Ras Laffan Industrial City has disrupted global energy supplies. The attack has reduced Qatar’s liquefied natural gas (LNG) export capacity by 17%, raising serious concerns for countries like India. Massive Impact on Qatar’s LNG Production QatarEnergy confirmed that the attacks on March 18 and 19 caused…
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WFP Warns Middle East War Could Push Global Hunger to Record Levels
Rome, March 18, 2026: The World Food Programme (WFP) has warned that the ongoing Middle East conflict could push global hunger to record levels, affecting millions worldwide. Global Hunger Crisis Deepens Firstly, the WFP revealed that around 320 million people are already facing acute food insecurity. The situation has worsened due to a combination of…
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Oil Prices Cross $90 Per Barrel Amid Rising West Asia Conflict Fears
New Delhi, March 7: Global crude oil prices surged above $90 per barrel on Friday as tensions in West Asia escalated. The increase followed strong statements from US President Donald Trump demanding what he called “unconditional surrender” from Iran. The sharp rise in prices has raised concerns about a prolonged conflict in the Middle East…