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Global Economy

  • 'K-Shaped' Credit Crisis: $1.26 Trillion Debt Highlights Widening US Financial Divide
    'K-Shaped' Credit Crisis: $1.26 Trillion Debt Highlights Widening US Financial Divide

    US credit card debt climbed to nearly $1.26 trillion in Q2, while a rise in late payments shows that more households are struggling to manage their debt.

    • Aug 12, 2026 04:50 am IST
    • Author:  Nikhil Tiwari
    • Edited by:  Mohammed Uzair Shaikh
  • Hormuz Deadlock Results In Windfall For This MENA Nation; Export Revenue Doubles To $18 Billion
    Hormuz Deadlock Results In Windfall For This MENA Nation; Export Revenue Doubles To $18 Billion

    Libya's oil earnings surge as Hormuz disruption lifts crude prices, offering a windfall to the war-torn economy.

    • Aug 12, 2026 03:57 am IST
    • Author:  Noor Ul Haq
  • India-US Trade: Parliamentary Panel Makes These  14 Recommendations To Boost Trade
    India-US Trade: Parliamentary Panel Makes These 14 Recommendations To Boost Trade

    Parliamentary panel urges early India-US trade deal and measures to shield exporters from higher tariffs

    • Aug 11, 2026 20:48 pm IST
    • Author:  Rishabh Bhatnagar
    • Edited by:  Anirudh Saligrama
  • China's Two Pronged Stealth Move: Leap Ahead On AI, Slip Lesser On Crude
    China's Two Pronged Stealth Move: Leap Ahead On AI, Slip Lesser On Crude

    China has rattled the AI technology sphere, especially Silicon Valley, with one breakthrough after another in the past three months.

    • Aug 10, 2026 19:57 pm IST
    • Author:  Khushi Maheshwari
    • Edited by:  Abhishek Jha
  • US Deploys 20 Warships In Hormuz Amid 'Semi-negotiations’ With Iran, Redirects 55 Commercial Vessels
    US Deploys 20 Warships In Hormuz Amid 'Semi-negotiations’ With Iran, Redirects 55 Commercial Vessels

    The deployment comes as Washington and Tehran remain locked in a tense standoff over the Strait of Hormuz, a critical corridor for global oil shipments.

    • Aug 10, 2026 16:10 pm IST
    • Author:  Vaishnavi Mishra
  • Berkshire Hathaway Buys Back $4.5 Billion Of Shares As Operating Profit Jumps 16%
    Berkshire Hathaway Buys Back $4.5 Billion Of Shares As Operating Profit Jumps 16%

    Berkshire Hathaway repurchased about $4.5 billion of its own shares in Q2, its biggest quarterly buyback since 2021, as operating earnings rose 16% to nearly $13 billion.

    • Aug 09, 2026 04:15 am IST
    • Author:  Nikhil Tiwari
  • Trump Touts $3 Billion in Minerals Projects To Counter China
    Trump Touts $3 Billion in Minerals Projects To Counter China

    Trump said the projects would "create thousands of jobs and promote our economic stability and security," at an event at the State Department.

    • Aug 08, 2026 13:09 pm IST
    • Author:  Bloomberg News
  • Fresh Tariffs On India? US Senate Passes Bill Slapping 100% Duty On Russian Oil Buyers
    Fresh Tariffs On India? US Senate Passes Bill Slapping 100% Duty On Russian Oil Buyers

    The bill seeks to penalise countries buying Russian gas, oil, and other exports that allegedly fund Ukraine war.

    • Aug 08, 2026 05:07 am IST
    • Author:  Riya Alex
  • SpaceX Shares Rocket 13% As Argus Sets $160 Target Price: Should You Buy?
    SpaceX Shares Rocket 13% As Argus Sets $160 Target Price: Should You Buy?

    SpaceX shares advanced 13.4% to $130.33 apiece, while the benchmark Nasdaq was up 1.21%.

    • Aug 08, 2026 03:40 am IST
    • Author:  Riya Alex
  • Boost For Trilateral Highway: Thailand PM, Myanmar President Discuss Upgrading Project
    Boost For Trilateral Highway: Thailand PM, Myanmar President Discuss Upgrading Project

    The highway is a 1,360-kilometre strategically important road project connecting Moreh (Manipur, India) to Mae Sot (Thailand) via Myanmar.

    • Aug 08, 2026 02:49 am IST
    • Author:  Saurabh Gupta
    • Edited by:  Hemarghya Bal
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