Economy
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Global
UK economy contracts again in May despite government growth push
Published on 11/07/2025 – 8:56 GMT+2•Updated 8:57 ADVERTISEMENT The UK economy contracted by 0.1% in May, following a drop of…
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Middle East
Trump slaps 35 percent tariff on Canada starting August 1 | Business and Economy News
US president also eyes blanket tariffs of 15 to 20 percent on other trading partners as his trade war widens.…
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Middle East
Malaysia’s Anwar warns of weaponised trade as Trump’s tariffs loom | Business and Economy
Malaysian leader says trade being used to ‘pressure, isolate and contain’ as top US diplomat Rubio set to visit region.…
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Global Economy Trends
The global economy is suffering from the Rashomon effect
I have marvelled over the past few years, and continue to marvel, at how markets shrug off the most dramatic…
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Global Economy Trends
How trade tensions are really affecting the global economy
When the UK became the first country to reach a trade agreement with the US in May, after President Donald…
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Middle East
Will Trump’s ‘Big Beautiful Bill’ help grow the US economy? | Politics
Donald Trump says his sweeping tax cuts will grow the economy. But, critics say the bill will increase national debt.…
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Middle East
Solid US job numbers mask weakness underneath | Business and Economy News
The United States economy has added 147,000 jobs in June, beating analyst expectations, as the labour market remains stable despite…
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Global Economy Trends
US economy surpasses expectations to add 147,000 jobs
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Middle East
Trump says Powell should resign ‘immediately’ in latest attack on Fed chair | Business and Economy News
The US president has repeatedly called on the top central banker to step down amid disagreement over interest rates. United…
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Middle East
As Thailand does U-turn on legal cannabis, businesses scramble to survive | Business and Economy News
Bangkok, Thailand – Even at the Nana intersection, a pulsating mecca of this megacity’s seamy nightlife scene, the Wonderland cannabis…
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Global Economy Trends
A new front in Trump’s war on the global economy
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and…
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Middle East
What is Canada’s digital tax and why is Trump killing trade talks over it? | Business and Economy News
As Canada pushes ahead with a new digital services tax on foreign and domestic technology companies, United States President Donald…
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Local (Saudi Arabia & GCC)
Saudi economy demonstrates strong resilient to global shocks; IMF asserts
WASHINGTON — Saudi Arabia’s economy has demonstrated strong resilience to global economic shocks, with non-oil activities expanding, inflation contained, and…
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Middle East
Putin says Russian recession must not happen ‘under any circumstances’ | Business and Economy News
Russia’s economy must not slide into recession, President Vladimir Putin said, after economists warned for months of a slowdown in…
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Global Economy Trends
Russia on brink of recession, says economy minister
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Global Economy Trends
The economy in an uncertain world
In the third of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel…
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Middle East
Purdue Pharma $7.4bn opioid settlement wins broad support from US states | Business and Economy
The suit, brought by 55 attorneys general, will help compensate victims and fund addiction treatment programmes. The attorneys general of…
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Middle East
G7 leaders push Trump on trade as talks continue | Economy News
Leaders are also torn on a statement calling for de-escalation between Iran and Israel World leaders assembled at this week’s Group…
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Middle East
China’s Xi Jinping meets Central Asian leaders: Why their summit matters | Business and Economy News
Chinese President Xi Jinping reached Kazakhstan on Monday to attend the second China–Central Asia Summit, a high-stakes diplomatic gathering aimed…
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Breaking News
Trump’s investment claims – are tariffs boosting the US economy?
Getty Images US President Donald Trump may have called tariffs his favourite word in the dictionary. But when it comes…
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Middle East
Iran-Israel tensions and an unpredictable Trump to dominate G7 | Business and Economy News
The unfolding Israel-Iran conflict will “immensely” dominate the upcoming gathering of the leaders of the Group of Seven, not just…
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Global Economy Trends
Middle East upheaval comes at a bad time for the global economy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Middle East
Will the US-China ‘framework’ agreement defuse trade tension? | Business and Economy
The US and China have agreed to a framework that restores a truce in their trade war after two days…
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Global Economy Trends
An ever riskier world economy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Middle East
US-China trade talks: Is a thaw on the cards after Trump-Xi call? | Business and Economy News
Top US and Chinese officials are meeting in London in a bid to defuse trade tensions over rare earth minerals…
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Global Economy Trends
Syria to reconnect to global economy after 14 years as pariah state
Syria will be fully reconnected to the Swift international payment system “in a matter of weeks”, the country’s new central…
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Middle East
India-Pakistan conflict claims an unlikely victim: Himalayan pink salt | Business and Economy
For the past three decades, Vipan Kumar has been importing Himalayan pink salt from Pakistan to sell in India. However,…
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Middle East
‘Open prison’: The forced labour driving India’s $5 trillion economy dream | Labour Rights
Amid the relentless clatter of machinery, Ravi Kumar Gupta feeds a roaring steel furnace with scrap, blown metal and molten…
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Global
Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut
ADVERTISEMENT The eurozone economy posted a stronger-than-expected performance in the first quarter of 2025, with growth largely driven by investments…
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Global Economy Trends
India cuts rates more than expected to boost economy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Middle East
Procter & Gamble to cut 7,000 jobs over the next two years | Business and Economy
The cuts will represent 6 percent of its total workforce. Procter & Gamble has said it will cut six percent…
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Global Economy Trends
Donald Trump tells Jay Powell to cut rates as data raises concern for US economy
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and…
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Middle East
Can India become an economic superpower? | Business and Economy
India’s economy grew by 7.4 percent in the first quarter, beating expectations. Prime Minister Narendra Modi aims to transform India…
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Global Economy Trends
Friedrich Merz plans €46bn corporate tax breaks to revive German economy
Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox.…
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Middle East
US factory orders slump in April as spending on tariff anticipation fades | Business and Economy
Orders tumble by 3.7 percent after a rise in March when businesses increased purchases in anticipation of tariffs. Orders from…
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Global Economy Trends
Global economy set for weakest growth since Covid, OECD warns
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Middle East
PBS sues Trump for stripping its funds | Business and Economy News
The lawsuit came three days after a similar case by NPR, which also saw its funds cut. PBS has filed…
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Local (Saudi Arabia & GCC)
Islamic economy originated in Madinah, says Abdullah Saleh Kamel at Istanbul summit attended by Erdoğan
Saudi Gazette report ISTANBUL — The second Global Islamic Economy Summit kicked off in Istanbul on Friday in the presence…
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Global
Trust in EU at 18-year high but fears for economy rising
By Euronews Published on 29/05/2025 – 14:30 GMT+2 ADVERTISEMENT More than half of Europeans – 52% – tend to trust the…
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Global
US economy falls 0.2% in the first quarter, hit by Trump’s trade war
By AP Published on 29/05/2025 – 16:48 GMT+2 ADVERTISEMENT The US economy shrank at a 0.2% annual pace from January through…
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Global Economy Trends
US economy shrank at 0.2% rate in first quarter
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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Global Economy Trends
Fed feared that loss of ‘haven’ status would hit US economy
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and…
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Local (Saudi Arabia & GCC)
Saudi, Syrian ministers explore digital economy cooperation in virtual meeting
Saudi Gazette report RIYADH — Saudi Minister of Communications and Information Technology Abdullah Al-Swaha held a virtual meeting with his…
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Middle East
Will Southeast Asian nations pick sides between the US and China? | Business and Economy
They’ve long been hedging their bets.But Southeast Asian nations are caught in the dispute between the United States and China.The…
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Middle East
Why are the US and EU struggling to reach a trade deal? | Business and Economy News
US President Donald Trump has backed away — for now — from imposing steep levies on the European Union, two…
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Local (Saudi Arabia & GCC)
Saudi Arabia’s digital economy grows to 15.6% of GDP in 2023, GASTAT says
Saudi Gazette report RIYADH — Saudi Arabia’s digital economy accounted for 15.6% of the Kingdom’s gross domestic product (GDP)…
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Middle East
Volvo to cut 3,000 jobs amid trade uncertainty | Business and Economy
The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods. Swedish automaker Volvo is…
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Middle East
US Steel shares soar on Trump’s apparent blessing for deal with Nippon | Business and Economy News
Investors interpreted Trump’s comments to mean Nippon Steel had received his approval for its takeover of US Steel. United States…
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Middle East
US investment Firm RedBird to buy UK’s Daily Telegraph newspaper | Business and Economy
Abu Dhabi’s IMI will take a minority stake in the company of no more than 15 percent. A consortium led…
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Middle East
JPMorgan’s Dimon warns of US stagflation risk: Report | Business and Economy
Economists echo Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue. JPMorgan Chase CEO Jamie Dimon has warned that…
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