India’s budget for the fiscal year 2026-27 presented in parliament today (1 February) slashed developmental aid to Bangladesh by 50%, amid a sharp downturn in bilateral ties post-Sheikh Hasina’s ouster from power. This marks the steepest reduction in regional aid, triggered by a diplomatic freeze, allegations of attacks on minorities, and Dhaka’s tilt toward Pakistan. […]
Read MoreNEW DELHI: India’s latest budget has emerged as one of its most technology-focused, with new measures to utilize artificial intelligence, semiconductor manufacturing, and expand digital infrastructure aimed at offsetting the impact of global tariff wars. Finance Minister Nirmala Sitharaman presented the 2026-27 budget in parliament on Sunday, saying it would “accelerate and sustain economic growth […]
Read MoreGlobal inflation is expected to fall to 3.8% this year and to 3.4% in 2027, helped by softer demand and lower energy prices, the IMF chief said on Monday. Managing Director Kristalina Georgieva said in a speech in the Annual Arab Fiscal Forum in Dubai that global growth has held up ‘remarkably well’ amid profound […]
Read MoreThe European Bank for Reconstruction and Development has sharply expanded its footprint in Central Asia and Mongolia, committing nearly $2 billion in investment in 2025. In an article posted by Anton Usov, the scale of the funding is presented as a clear signal of the EBRD’s growing confidence in the region’s economic potential, as well […]
Read MoreISLAMABAD: Pakistan and Saudi Arabia have agreed to enhance cooperation in energy and mineral sectors, the Pakistani information ministry said on Friday, as the two sides seek to deepen economic ties and promote joint investment. The development comes weeks after Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Arabia’s Minister of Industry and Mineral Resources […]
Read MoreMANILA: Over ten years ago, when Fatima Macud brought home roughly 30,000 pesos ($509) a month, the money was enough to cover her expenses and still leave room for savings. Though she now earns 45,000 pesos, Macud finds herself unable to save any money as she struggles with rising prices to cover daily spending. “Yes, […]
Read MoreBy Biman Mukherji Remarks by a prominent economist about India’s air quality have raised a debate on whether New Delhi should prioritise tackling pollution over tariff talks, as the country continues to transition towards a green economy. Former International Monetary Fund chief economist Gita Gopinath made the comments at the recent World Economic Forum in […]
Read MoreTürkiye’s Unemployment Rate Dropped to a Historic Low of 7.7% in December, According to Official Data Released by the Country’s Statistical Authority on Thursday. The rate was down 0.8 percentage points from November’s 8.5%, according to data by the Turkish Statistical Institute (TurkStat) and was the lowest rate since the records began in January 2005, […]
Read MoreThe Korea Times At the training centre for KD Transport Group, South Korea’s largest bus operator, in Seongnam, Gyeonggi Province, boyish-looking men stood out among about 100 drivers gathered for safety training on January 20. According to the company, 47 of the 460 drivers at its Pangyo branch are in their 20s or 30s, accounting […]
Read MoreBy Resty Woro Yuniar The appointment of President Prabowo Subianto’s nephew to the leadership of Bank Indonesia (BI) has reignited debate over whether Southeast Asia’s largest economy can preserve the central bank’s independence – a question closely watched by foreign investors and currency markets. While some analysts warned that any perception the central bank could […]
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