World economy

Op-ed: The UK’s budget problems date back to the 2008 financial crisis

Over the past few weeks, economic news from the U.K. has heavily focused on the state of British national finances…

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Chairman of property firm Damac expresses concerns over ‘expensive’ Dubai

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track…

Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification

Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green…

Nationwide strikes erupt in Israel as hostage deaths kindle pressure for cease-fire deal

Protests have spilled into Israel’s streets, as the Jewish state braces for a nationwide strike amid mounting pressure on the…

No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy

Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for…

Euro zone inflation rises to 2.6% in July, above expectations

Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday, even…

Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction

The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European…

‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO delivers bull case for industrials

One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind…