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Kuwait reports deficit of $23.09bln in FY 2025-2026, finance ministry says
The GCC country reported total revenues of 16.457 billion dinars, down 9.7% from the preliminary forecasts at 18.231 billion dinars. Kuwait’s deficit widened 13.2% to 7.1 billion Kuwaiti dinars ($23.09 billion) in the 2025-2026 fiscal year, the country’s finance ministry said in a statement on Tuesday. * The GCC country reported total revenues of
When France’s Légion d’honneur awards move stock prices: A market signal of political access
How higher pensions shape work after retirement: Lessons from Germany’s Earned Income Pension Credit
Gold falls over 1% as oil jumps after Trump says Iran peace deal ‘over’
Among other metals, spot silver fell 2.6% to $58.45 per ounce, platinum slipped 4.1% to $1,574.03. Gold prices fell more than 1% on Wednesday after U.S. President Donald Trump said an interim peace deal with Iran was “over”, sending oil prices higher and reviving fears of inflation and higher interest rates. Spot gold fell 1.4% […]
Oil surges, stocks tumble as Trump declares Iran MOU ‘over’
Samsung slides for a second session amid earnings worries. Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after U.S. President Donald Trump said the memorandum of understanding signed with Iran to end the Gulf conflict was “over”. Trump, who was speaking in Ankara […]
IMF lowers 2026 global growth forecast to 3%, sees rebound in 2027
IMF raises headline inflation forecast to 4.7% for 2026. The International Monetary Fund on Wednesday inched its 2026 global growth forecast lower again to a sluggish 3.0%, warning of ongoing risks linked to the war in the Middle East, trade fragmentation and potential corrections in market expectations for AI. The global lender said the world […]
Shared prosperity constitutes both income growth and inequality reduction
The vision of the World Bank is to end extreme poverty and boost shared prosperity on a livable planet. The number of people who live in extreme poverty — i.e., less than $3 a day — is an important indicator to track the first part of this vision. To capture shared prosperity, the second part, requires a measure that includes not […]
Small AI, big bets: How the world’s most impactful AI startups will be built in emerging markets
Walk into a hospital in Nigeria, where one doctor serves every 9,000 patients–fifteen times the WHO-recommended ratio. Every minute that a doctor spends on administrative work is a minute taken from a patient who may have waited hours to be seen. A Nigerian startup decided to do something about it. They built a voice-based tool […]
Beverage prices retreat as supplies recover
The global internet gap: What the data tells us
How households reason and behave when deposit rates become negative
Housing affordability is reshaping Europe’s social fabric
The EU’s Recovery and Resilience Facility: Experience and lessons for the next multiannual financial framework
Africa attracts $70bln in FDI in 2025, the third-highest level since 1990
Africa attracted less foreign direct investment in 2025 than in the previous year. Yet the bigger story is that investors continue to position themselves in sectors that are becoming increasingly important to the global economy. According to the World Investment Report 2026 by UN Trade and Development (UNCTAD), FDI inflows to Africa reached about $70 […]
OECD-wide employment expected to grow by 0.3% in 2026, 0.6% in 2027
OECD-wide unemployment rate stood at 4.9% in May 2026. OECD job markets have remained resilient, with total employment in OECD countries at an all-time high and projected to continue to grow this year and next. However, real wages remain below their levels five years ago in around one-third of OECD countries, and this year’s energy […]
Global FDI rises 6% to $1.6trln last year: UNCTAD
Inflows to developed economies rose 11%, while developing economies recorded only 2% growth, reaching $901 billion. Global foreign direct investment rose 6% to $1.6 trillion in 2025, ending two years of decline, but the recovery remains narrow, fragile and uneven, according to the World Investment Report 2026 by UN Trade and Development (UNCTAD). Inflows to