Saudi Arabia’s Vision 2030 initiative is showing clear signs of progress, with recent data highlighting the kingdom’s growing success in diversifying its economy away from oil. In the first quarter of 2025, the nation’s GDP rose by 2.7% year-on-year, driven largely by a robust 4.2% growth in the non-oil sector.[Read More…]

The U.S. economy contracted by 0.4% in the first quarter of 2025, marking a sharp reversal fueled largely by a surge in imports. Businesses, anticipating new tariffs, rushed to stockpile goods before the expected price hikes. While this move temporarily boosted import activity, it disrupted the trade balance and weighed[Read More…]

Warren Buffett, one of the most iconic figures in global finance, has announced he will step down as CEO of Berkshire Hathaway at the end of this year, ending a legendary 60-year run at the top. The surprise announcement came during the company’s annual shareholder meeting in Omaha on Saturday.[Read More…]

Plans to cut interest rates in the eurozone may be on hold after inflation came in higher than expected in April, raising new concerns for the European Central Bank (ECB). New data from Eurostat shows prices rose 2.2% compared to last year, slightly more than the 2.1% economists predicted. Even[Read More…]

Europe’s salary landscape in 2023 revealed stark contrasts, with Luxembourg leading the pack and Bulgaria at the bottom, according to Eurostat data. Luxembourg emerged as the highest-paying EU country, offering an average annual full-time adjusted salary of €81,100, followed by Denmark at €67,600 and Ireland at €58,700. These figures highlight[Read More…]

The U.S. Federal Reserve is set to hold interest rates steady this week, brushing off mounting pressure from President Donald Trump and his top advisers who are calling for aggressive rate cuts to spur the economy. Despite a flurry of public criticism, including Trump briefly suggesting he could fire Fed[Read More…]

American farmers say the Trump administration’s trade war is no longer a distant concern, it’s an immediate and escalating crisis threatening their livelihoods. As new tariffs disrupt global trade, China has dramatically scaled back its purchases of key U.S. agricultural exports, including pork, soybeans, and lumber. The fallout is hitting[Read More…]

As U.S. tariffs on Chinese imports soar, some reaching up to 245%, Beijing is signaling it has the tools and the will to strike back. China isn’t just the world’s second-largest economy; it also holds significant leverage over the U.S. economy. Chinese entities own at least $784 billion in U.S.[Read More…]

The Panama Canal, a key artery in global trade and a critical passage for U.S.-bound freight, is facing new turbulence not just from extreme weather, but from President Donald Trump’s escalating trade war with China. With 75% of its traffic tied to U.S. commerce, the Panama Canal is now feeling[Read More…]

As tariff threats intensify under renewed U.S. trade tensions, companies are scrambling to understand their full supply chains from primary manufacturers to the lowest-tier suppliers to manage rising costs and avoid disruption. Artificial intelligence is becoming a vital tool in this high-stakes environment. With the return of President Trump’s volatile[Read More…]