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Several factors led to the sudden crash in the prices of the precious metals. (AI image) Trillions wiped out – gold and silver prices crash globally – the headlines from the commodity market on Friday described the volatile nature of the commodity market. Gold and silver have been on a record breaking spree for several…
China’s exports ended last year with a growth spurt and sent its trade surplus to a record $1.2 trillion in 2025, extending a boom that’s seen factories escape Donald Trump’s tariffs by making deeper inroads into markets beyond the US.The resilience was the biggest surprise for an ailing Chinese economy and could cushion it in…
US-bound shipments did fall sharply after Donald Trump raised duties in 2025. But under Xi Jinping’s guidance, Chinese exporters responded with speed and ingenuity. Sales surged instead to Southeast Asia, Africa, Latin America and Europe. In many cases, goods were routed through third countries, blunting the effect of US tariffs altogether. China closed 2025 with…
China registered a trade surplus of nearly $1.2 trillion in 2025, the government reported on Wednesday. The record figure comes as strong exports to international markets offset slowing shipments to the United States. According to customs data cited by AP, the country’s exports rose 5.5% to $3.77 trillion last year, while imports remained steady at…
WASHINGTON: In a sweeping overhaul of America’s global footprint, President Donald Trump has authorised the withdrawal of the United States from 66 international organisations, marking one of the most significant retreats from multilateralism in modern history.The move, announced on January 7 via a presidential memorandum, affects 31 United Nations entities and 35 non-UN groups, including…
US President Donald Trump said the United States should set its military budget for 2027 at $1.5 trillion instead of $1 trillion, arguing that the higher allocation is necessary to build what he called a “Dream Military” capable of deterring any adversary and keeping the country safe.Trump made the announcement in a post on Truth…
Technology billionaires were at the forefront of the advance, with sustained enthusiasm around artificial intelligence driving gains in US mega-cap shares. (AI image) Did you know that the world’s wealthiest and richest 500 people added a whopping $2.2 trillion to their wealth in 2025? The rise was a result of powerful rallies across global markets…
The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.The 122.3-trillion-yen ($782 billion) budget for the fiscal year from April 2026 will include some nine trillion yen for defence spending, as Prime Minister Sanae Takaichi…
India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank,…
Driving the newsThe MGNREGA – a flagship UPA-era program that guaranteed 100 days of wage employment to rural households – has been replaced by the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) or VB-G RAM G Act.Union minister Shivraj Singh Chouhan framed it as a bold leap forward: “This is a far better scheme…
