World economy

Turkish annual inflation soars to 67% in February

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…

Netanyahu’s first post-war plan seeks security buffer in Gaza — in blow to U.S. diplomacy

Israeli Prime Minister Benjamin Netanyahu disclosed his first official plan for the post-war future of the Gaza Strip, calling for…

Russia was ridiculed at the start of the war. Two years on, it has reasons to be confident

When Russia invaded Ukraine two years ago, the stout resistance mounted by the country’s armed forces and overwhelming Western support…

European Union is considering sanctions on Chinese firms for aiding Russia’s war machine

The European Union is looking to sanction Chinese firms that it believes have helped Russia circumvent Western penalties, looking to…

Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says

DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant…

Israeli forces rescue 2 hostages in dramatic Gaza raid

Israeli forces rescued two hostages early Monday, storming a heavily guarded apartment in the southern Gaza Strip and extracting the…

Musk denies selling Starlink terminals to Russia after Kyiv alleges their use in occupied areas

Ukraine’s main military intelligence agency accused Russian forces of using Starlink terminals produced by Elon Musk’s SpaceX in occupied areas.…

Pakistan ex-PM Imran Khan aide says party aims to form government

A senior aide to Pakistan’s jailed former Prime Minister Imran Khan said on Saturday their party would try to form…

Pakistan’s ex-PM Nawaz Sharif declares victory in fraught election as opponents claim vote-rigging

Pakistan’s former Prime Minister Nawaz Sharif declared victory on Friday in the country’s 2024 General Election, one that many Pakistanis…

El-Erian, Krugman and other economists have very different opinions on China’s struggling economy

China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, and its stock market…