CPTPP: UK has joined Asia’s trade club but what is it?
The UK has joined a trade pact with several countries in Asia and the Pacific, including Japan and Australia. The name of this pact – CPTPP – is a mouthful,…
Economy
US gives $20bn to Ukraine funded by seized Russian assets
The US has given $20bn (£15bn) to Ukraine, funded by the profits of seized Russian assets. The economic support forms a significant part of a $50bn (£39bn) package agreed by…
US jobs bounce back after hurricanes and strikes
Hiring in the US jumped in November, extending a long-running streak of gains that has bolstered the world’s largest economy. The report from the Labor Department showed employers added 227,000…
Trump threatens 100% tariff on Brics nations if they try to replace dollar
US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. “The idea…
Stock markets plunge as weak US jobs fuel fears
Stock markets were hit by a global sell-off on Friday as weak US jobs growth stoked fears of a sudden downturn in the world’s largest economy. The tech-heavy Nasdaq index…
India’s economy: The good, bad and ugly in six charts
In January, thousands braved the freezing cold at Delhi’s Red Fort to hear Prime Minister Narendra Modi speak. His message was “Viksit Bharat 2047”, a promise to make India a…
What do Red Sea assaults mean for global trade?
Global supply chains are facing severe disruption as a result of the world’s biggest shipping companies diverting journeys away from the Red Sea. Attacks by Houthis in Yemen on commercial…
Brics summit: Is a new bloc emerging to rival US leadership?
The announced expansion of the five-nation Brics club of emerging economies was described as “historic” by Chinese President Xi Jinping, but it is still not clear how far the countries’…
Travel recovery to boost global economy, says IMF
The International Monetary Fund (IMF) increased its forecast of how much the global economy will grow this year to 3%. The 0.2% improvement from April’s forecast was partly driven by…
India’s Russia oil imports jumped tenfold in 2022, bank says
India’s imports of Russian oil rose tenfold last year, according to Indian state-controlled lender Bank of Baroda. The figures show Asia’s third largest economy saved around $5bn (£4bn) as it…