The country faces levies of 36% on shipments to the US if a reduction cannot be negotiated before a moratorium expires in July. Thailand’s economy grew more than expected in the first quarter of 2025, data showed on Monday (May...
Hong Kong's economy expanded by 3.1 per cent in the first quarter from a year earlier, the government said, supported by an increase in exports of goods and services, and a resumption of growth in overall investment expenditure. The figure...
The UAE’s banking sector witnessed continued momentum in February, as key indicators of liquidity and credit expanded steadily. Gross banking assets, including bankers’ acceptances, rose by 1.6 percent to 4.63 trillion dirhams ($1.26 trillion), according to data from the Central...
Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs, according to the Investment Promotion Agency Qatar’s (Invest Qatar) 2024 Annual Report. These results reflect Qatar’s accelerated momentum in transforming its economy...
Economists cut global growth outlook to 2.4% in 2025. The United Nations forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions. UN economists also cited the volatile...
According to data from the Institute of International Finance (IIF), global debt surged by over $12 trillion in the first three quarters of 2024, reaching a record high of nearly $323 trillion. This sharp increase—driven by falling borrowing costs...
The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity. The downgrade...
Clearwell Capital has renewed its partnership with Fasanara Capital and secured £150m in funding from HSBC to enable SME developers to build homes across the UK. The funding takes Clearwell’s residential development financing capacity to over £250m, including £100m from...
Malaysia's economy grew 4.4 per cent in the first quarter of 2025 from a year earlier, below market expectations but in line with government estimates. Economists surveyed by Reuters had forecast annual gross domestic product growth would come in at...
Japan's largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41 per cent. MUFG made a net profit of ¥114 billion (US$782.11 million) in the January-March quarter compared to ¥192.8...
