Oil, which accounts for approximately 3% of global GDP, is regarded as one of the most important commodities in the world, as it powers everything from everyday items such as crayons, credit cards, paints, and pens to high-end items such as...
Luiz Inácio Lula da Silva, a member of the Workers' Party, presided over Brazil as its 35th president from 2003 to 2011. The first incumbent president to lose an election to a challenger, Lula is also the first Brazilian president to be ele...
An attempted "assassination" left former Pakistani Prime Minister Imran Khan injured "when a shooter started firing at his rally in the Wazirabad region of Punjab province. According to a spokeswoman for his party, Imran Khan was immediatel...
Even at times of high global uncertainty, Bangladesh has a good track record of growth and development. Over the last two decades, rapid economic growth has been supported by a robust demographic dividend, strong ready-made garment (RMG) ex...
Recently, Saudi Arabia and its OPEC Plus allies, including Russia, agreed to an unexpected drop in the oil supplies, which will result in the soaring up of oil prices worldwide. The move is seen as a rebuke to the statement made by United S...
Liz Truss, the UK's foreign minister, was elected as the new leader of the country's Conservative Party. She will now be responsible for navigating the country's economic crisis. She will also be responsible for addressing the country's for...
Several Southeast Asian countries have started to address the energy crisis by developing clean energy transition plans. Although they were initially regarded as slow starters in the global effort to reduce greenhouse gas emissions, they ha...
In the past decade, China has lost growth in double-digits. In comparison to previous months, the GDP went down from April to June although it barely topped in the same quarter too. In this regard, economists are of the view that factories ...
After the withdrawal of the United States from the Iran nuclear deal or the Joint Comprehensive Plan of Action (JCPOA), fresh indirect negotiations are taking place between the US and Iran with the mediation of the European Union. President...
In September 2021, China applied to join the Trans-Pacific Partnership, a free trade agreement among 11 countries. It was the country's first attempt to join a major trade pact since the US exited the project four years earlier. Although Ch...
During a speech at the US-Arab summit in Jeddah, Crown Prince Mohammed bin Salman stated that Saudi Arabia will not have any more ability to boost its oil output beyond 13 million barrels per day. Saudi Arabia now has an oil production capa...
Many South Asian countries are currently experiencing an economic crisis. The economies of Sri Lanka, Pakistan, Bangladesh, and Nepal have been facing severe trouble. The number of South Asian economies in turmoil only increases if we inclu...
