Economy

A Reuters investigation found 21 incomplete schemes that once promised clean water, reliable sanitation and flood protection to millions; health officials warn the interruption may fuel disease outbreaks and undermine regional stability. Since January 2025, Washington has cancelled hundreds of…

Financial crime has escalated in recent years, with illicit flows exploiting weaknesses in traditional banking models. An opinion piece in Daily Sabah argues that Islamic finance ethics—rooted in prohibiting riba (interest), gharar (excessive uncertainty), and maysir (gambling)—offer a robust framework…

Bitcoin Hits Record High Above $120,000 Amid Regulatory Optimism ………………….. Bitcoin surged past $120,000 on Monday, reaching an all-time high as U.S. lawmakers prepare to vote on crypto regulations that could strengthen institutional demand. The cryptocurrency peaked at $123,000 before…

“Climate Is Our Biggest War,” Warns Cop30 CEO Ahead of UN Summit in Brazil —————————– With just four months until the UN climate summit Cop30 in Belém, Brazil, Ana Toni, CEO of Cop30, warns that global focus is dangerously diverted…

Foreign Direct Investment in Developing Economies Hits Historic Low Amid Rising Barriers ——————————— The World Bank reported Monday that foreign direct investment (FDI) to emerging economies plummeted to $435 billion in 2023—the lowest level since 2005—due to mounting global trade…

UK economy shrinks 0.3% in April amid tariff uncertainty and tax increases The UK economy contracted by 0.3% in April, according to data from the Office for National Statistics (ONS), marking the sharpest monthly decline since October 2023. The downturn…

The International Labour Organisation (ILO) has reduced its global employment growth projections for 2025, reflecting broader economic challenges, Dawn E-Paper reported. The adjustment follows similar downward revisions in global GDP estimates by major financial institutions. The latest World Employment and…

The euro is increasingly being eyed as a potential contender to the US dollar’s long-standing role as the world’s leading reserve currency. However, experts suggest that significant challenges within the eurozone’s financial structure must be overcome for this to become…

Islamic finance assets grew by 10% annually in recent years, nearing $4 trillion, as ethical finance principles attract both Muslim and non-Muslim investors, an article by Halal Times reported. This growth has created a surge in demand for professionals with…

The UK and India finalized a bilateral trade agreement expected to boost annual trade by £25.5 billion by 2040, BBC reported. Announced on Tuesday after three years of talks, the deal eliminates tariffs on key exports: Indian clothing/footwear (currently up…