Luxembourg has introduced a new solar subsidy scheme designed to accelerate the transition to renewable energy by reducing the upfront costs faced by households. Under the new pre-financing system, which came into force on January […]
China ended 2025 with the largest trade surplus ever recorded, underscoring how resilient its export-led growth model has been — even in a year dominated by tariff threats and trade tensions under U.S. President Donald […]
Mexico has announced a 156% tariff on imported sugar, a major protectionist move aimed at shielding local producers from falling global prices and a potential domestic oversupply. The decision, signed into law by President Claudia […]
New York City has a new mayor, and his signature promise fits on a protest sign: Freeze the Rent. Zohran Mamdani, a democratic socialist and former state assembly member from Queens, swept into office by […]
The Philippines has announced that it will reopen rice imports in January 2026, allowing 300,000 tonnes of rice to enter the country after several months of import restrictions. The move comes as local rice stocks […]
McDonald’s latest quarterly results reveal how even one of the world’s most iconic brands is struggling to balance growth, affordability, and customer perception in a challenging economic climate. While the fast-food giant’s revenue rose by […]
Canada’s Prime Minister Mark Carney has unveiled his first federal budget — a bold plan that leans heavily on government spending and investment-led growth to counter the economic pressures of U.S. tariffs and global uncertainty. […]
After months of escalating tariffs and political friction, U.S. President Donald Trump and Chinese leader Xi Jinping have signalled a tentative step toward easing trade tensions following a high-profile meeting at the Pacific Rim summit […]
In the latest twist of U.S. trade policy, President Donald Trump has announced plans to quadruple beef imports from Argentina in an effort to drive down soaring domestic prices. The move has angered U.S. cattle […]
Beer lovers in Trinidad and Tobago are feeling the sting of a new government policy — a doubling of the excise duty on alcoholic drinks. The 2025–2026 National Budget has raised the tax from TT$5.14 […]
China’s economy looks set to record its slowest growth in a year, with GDP expected to rise just 4.8% in the third quarter of 2025. Analysts say a slumping property sector, weak domestic demand, and […]
While most carmakers are racing toward electric vehicles (EVs), Lamborghini is pressing pause. The Italian supercar brand has confirmed it will keep using internal combustion engines (ICEs) in its cars for at least another decade […]
India is gearing up for its biggest shopping season of the year — and the government is giving consumers a reason to celebrate. A wide range of Goods and Services Tax (GST) cuts have just […]
Shanghai has just unveiled a bold new plan to become a global leader in artificial intelligence (AI). The city’s Zhangjiang AI Innovation Town, located in the heart of the Pudong New Area, aims to attract […]
South Korea’s export growth slowed to just 1.3% in August, well below market expectations, as new U.S. tariffs took a major toll on trade — especially in automobiles, steel, and machinery. Shipments to the United […]
The Bank of England has lowered interest rates to 4%, the fifth cut since August last year and the lowest level since early 2023, in a move aimed at giving the UK economy a much-needed […]
The price of everyday essentials like chocolate, butter and eggs continues to climb, pushing UK food inflation to its highest rate in 18 months. According to the British Retail Consortium (BRC), food prices rose by […]
China’s electric vehicle (EV) industry is accelerating into international territory, investing more overseas in 2024 than at home for the first time on record. A new report from the Rhodium Group reveals a significant shift: […]
BP has announced its largest oil and gas discovery in a quarter of a century, this time in deep waters off Brazil. The “Bumerangue” field could become a major new production hub and marks BP’s […]
Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […]
President Trump has called his new trade pact with the UK a “maxed out deal.” But behind the headlines, the fine print reveals something less exciting for economists and trade experts: a 10% baseline tariff […]
The UK government has launched a consultation to extend the soft drinks industry levy (SDIL)—commonly known as the sugar tax—to milkshakes, milk-based drinks, and their plant-based substitutes like oat and rice milk. The move follows […]
China’s economy started 2025 with stronger-than-expected momentum, growing by 5.4% in Q1—comfortably above forecasts of 5.1%. It’s a solid showing for the world’s second-largest economy, especially as the full impact of U.S. tariffs under President […]
It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]
A new chapter in the U.S.-China trade war is unfolding—and it’s one that economists fear could bring widespread economic pain. President Trump has announced tariffs of at least 104% on Chinese goods, the most severe […]
The U.K. economy is still stuck in low gear. The Office for Budget Responsibility (OBR) has halved its GDP growth forecast for 2025 from 2% to just 1%, forcing Finance Minister Rachel Reeves to make […]
PepsiCo is planning to acquire prebiotic soda brand Poppi for $1.95 billion, marking a major shift toward health-conscious beverages. With traditional soda sales declining, functional sodas—which include prebiotics and lower sugar content—have emerged as a […]
South Africa has announced a three-year, 1 trillion rand ($54.5 billion) public infrastructure plan aimed at reviving economic growth. The ambitious strategy, unveiled by Finance Minister Enoch Godongwana, focuses on transport (402B rand), energy (219.2B […]
The U.S.-Canada trade war is spilling over—literally. In response to Trump’s 25% tariffs on Canadian goods, several Canadian provinces, including Ontario, have removed U.S.-made alcohol from store shelves. The Liquor Control Board of Ontario (LCBO), […]
Early 2025 economic data suggests the U.S. economy may be slowing down faster than expected. The Federal Reserve Bank of Atlanta’s GDPNow model has slashed its first-quarter growth forecast from +2.3% to -1.5%, signaling a […]
India’s consumer market is far smaller than its population suggests, with only about 130-140 million people able to spend on non-essential goods, according to a report by Blume Ventures. Despite a population of 1.4 billion, […]
Google is battling a lawsuit from Canada’s Competition Bureau, which accuses the tech giant of abusing its market power in digital advertising. The bureau claims Google unlawfully linked its ad tech tools to dominate the […]
President Donald Trump has reignited his trade war strategy, imposing sweeping 25% tariffs on all steel and aluminum imports. Unlike his first administration’s tariffs, which were justified on national security grounds, this time Trump is […]
In a swift and strategic response to new U.S. tariffs, China has imposed its own levies on American goods while launching an antitrust investigation into Google. The move underscores the intensifying economic rivalry between the […]
In a bold move to accelerate economic growth, the UK government has unveiled plans to limit legal challenges to major infrastructure projects. The policy targets judicial reviews – often used to delay projects such as […]
Greenland might not seem like a typical focus for the United States, yet it became a surprising headline when former President Donald Trump floated the idea of purchasing the vast Arctic territory. While the suggestion […]
BRICS, the bloc of major developing economies, has welcomed Nigeria as its newest partner country. Originally formed in 2009 by Brazil, Russia, India, and China—later joined by South Africa in 2010—BRICS was established as a […]
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Saudi Arabia has unveiled a $100 billion investment to supercharge its mining sector, targeting critical minerals like lithium, nickel, and rare earth elements. This massive expenditure isn’t just about extracting resources—it’s a bold economic strategy […]
Elon Musk and Vivek Ramaswamy are shaking up Washington with the Department of Government Efficiency (DOGE), their ambitious plan to carve out $2 trillion in federal waste. DOGE isn’t a cabinet-level agency, but it promises […]
New York City has introduced a $9 congestion pricing toll for vehicles entering central Manhattan during peak hours. This policy aims to address the market failure of traffic congestion, a classic negative externality, by reducing […]
Sales of foreign mobile phones in China plummeted 47.4% year-on-year in November, totaling just 3.04 million units, according to new data from the China Academy of Information and Communications Technology (CAICT). Apple, the dominant foreign […]
Coffee drinkers, brace yourselves: the price of your daily cup is set to rise as global coffee prices hit record highs. On Tuesday, Arabica beans—the most widely used coffee variety—reached $3.44 per pound, a jump […]
In a bid to save €60 billion in 2025, the French government has unveiled a draft budget plan targeting wealthy individuals and billion-dollar corporations with temporary tax hikes. The measures aim to reduce France’s budget […]
China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]
Volkswagen Group is betting big on its electric future with Rivian. The automaker has raised its investment in the joint venture from an initial $5 billion to $5.8 billion, planning to launch the first VW […]
U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]
In one of the largest fines ever imposed on a company, a Russian court has ordered Google to pay a staggering 2 undecillion roubles—a number so vast it’s hard to imagine, equaling about $20 decillion […]
Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]
I’m excited to host a workshop at the Dulwich Unconference in Shanghai on using AI to unlock creativity in the classroom. This hands-on session explores how ChatGPT can help educators overcome cognitive blocks and time constraints, enabling them to imagine, ideate, innovate, and incubate new ideas. Stay tuned for updates, as I’ll share key takeaways and my presentation after the event. […]
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