Why the US debt problem is getting too big to ignore
This is the first time in modern history that none of the three major credit rating agencies (Moody’s, S&P, Fitch) see US sovereign debt as top-tier. However, there is no panic…
Economy
137 posts
From most wanted to president: what’s next for Syria’s revolution?
It wasn’t a battlefield victory or a sweeping democratic mandate that brought an end to Bashar al-Assad’s reign. It was something quieter, more terminal: a regime exhausted by years of…
Eli Lilly pulls ahead of Novo in obesity drug gold rush as new players crowd in
The global weight-loss drug market, once dominated by Novo Nordisk, is undergoing a dramatic transformation. On Friday, the Danish pharmaceutical giant announced it would replace its long-serving chief executive, Lars…
Trump wants Apple to shift iPhone production from India to the US: here’s what it means
Amid US President Donald Trump’s criticism of Apple’s reported decision to shift a substantial portion of its iPhone production for the American market from China to India rather than the…
Growth spurt or last gasp? UK’s 0.7% Q1 GDP defies warnings, for now
The United Kingdom’s economy demonstrated robust growth in the first three months of the year, expanding by a stronger-than-anticipated 0.7%, according to official figures. This resilient performance comes despite earlier…
Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test
Romania’s 2025 presidential election is not a normal election. This election is a rerun following the annulment of the December 2024 election due to Russian interference. And the story keeps getting…
The new face of war: global defence budgets soar as drones redefine the future of warfare
Global defence spending hit a record $2.72 trillion in 2024, marking the sharpest annual increase since 1988. More than 100 countries raised their defence budgets, with Europe, Asia, and the Middle…
Trump to sign executive order slashing drug prices today: Asian pharma stocks fall, analysts flag downsides
President Donald Trump announced on Sunday evening that he would sign an executive order aimed at reducing prescription drug prices in the United States by linking them to prices paid…
What extended conflict between India and Pakistan could cost their economies
Tensions between India and Pakistan continued to escalate for a third day after India’s retaliatory military operation, dubbed Operation Sindoor, following a terror attack in Pahalgam that killed 26 civilians.Late…
Expedia’s cost controls offer hope, but analysts see growth hurdles ahead
Shares of Expedia Group fell sharply by more than 8.5% on Friday after the company reported first-quarter revenue that came in below Wall Street expectations, signalling a slowdown in US…