Economics

Tehran residents face rising prices, job losses, and uncertainty as economic struggles deepen and fears of renewed conflict continue to grow.
EconomicsWar

Life in Tehran: Rising Prices, Job Losses, and Fear of War

Life in Tehran is really tough now. On a spring day I walked down Sanaei Ghaznavi Street and it looked…

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EconomicsUnited StatesWar

Trump sues The New York Times for defamation and libel, seeks $15bn

Filing comes after NYT's reporting on allegedly sexually suggestive note and drawing given to Jeffrey Epstein

EconomicsPakistan

Faysal Bank & OPay: The largest banking-fintech partnership in Pakistan

Collaboration accelerates financial inclusion and strengthens Pakistan’s digital payment ecosystem

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Latest Economics
Oil Prices Drop as US Iran Peace Talks Gain Attention
Economics

Oil Prices Drop as US Iran Peace Talks Gain Attention

Global oil prices moved down sharply after signals that a possible US Iran agreement could reduce conflict tensions. Market traders reacted quickly to political comments suggesting progress in negotiations. Brent…

Think Outside the Bots: How AI May Affect Creativity and Critical Thinking
EconomicsInformation Technology

Standard Chartered chief apologises after AI job remarks spark backlash

Controversy Over AI Job Remarks The head of Standard Chartered has faced strong criticism after comments about jobs affected by artificial intelligence. During a recent conference, Bill Winters discussed how…

Amazon UK Boss Says Young Unemployment Is a System Issue
EconomicsUnited States

Amazon UK Boss Says Young Unemployment Is a System Issue

Youth unemployment in the United Kingdom has reached a worrying level. Nearly one million young people are not in education, employment, or training. Many businesses say the issue is not…

Cubans grapple with fuel shortages and blackouts as US steps up pressure
EconomicsUnited StatesWar

Cuba Faces Fuel Crisis and Power Cuts as US Increases Pressure

The United States has increased political pressure on Cuba following new legal actions linked to past events involving former Cuban leadership. US officials describe Cuba as a national security concern…

The fight against foreign developers buying Caribbean beaches
Economics

Local Fight Over Barbuda Beaches as Foreign Development Expands

Background of the Dispute On the small Caribbean island of Barbuda, a once popular community spot called Pink Sands Beach Bar was part of daily local life for more than…

Thailand cuts visa-free stay period for more than 90 countries including UK
Economics

Thailand Cuts Visa-Free Stay Period for Tourists From 90+ Countries Including UK

Thailand Tightens Tourist Visa Rules Thailand has announced major changes to its visa-free travel policy for visitors from more than 90 countries, including the UK, the US, Australia, India, and…

Swinney Defends Food Price Cap Plan Ahead of First Minister Vote SNP Leader Promises Relief for Families Facing Rising Food Costs John Swinney has defended his proposal to cap the prices of essential food items as he prepares for a key vote to remain Scotland’s first minister. He said the policy focuses on helping families manage the ongoing cost of living crisis rather than creating political conflict with the UK government. Speaking ahead of the parliamentary vote, Swinney explained that many households continue to struggle with the rising cost of groceries. According to him, the government has a responsibility to make healthy and basic food items more affordable for the public. Under the proposed SNP plan, major supermarkets in Scotland would have to limit the prices of up to 50 everyday products. These products could include milk, eggs, rice, cheese, and other household essentials. The policy aims to reduce pressure on low and middle income families who are finding it difficult to keep up with food expenses. Supermarkets and Retailers Raise Concerns The proposal has already sparked debate among retailers and business groups. The Scottish Retail Consortium criticized the plan and called it unrealistic. Retail representatives warned that smaller stores could struggle to compete because the price cap would mainly target large supermarket chains. Business leaders also argued that limiting prices could create challenges for suppliers and retailers. However, Swinney responded by saying the government would work closely with supermarkets, producers, and other stakeholders before finalizing the legislation. He stressed that public support remains his main concern because many people across Scotland continue to face financial hardship. Swinney added that discussions with retailers would play an important role in making the policy practical and effective. UK Law Could Create Challenges The SNP leader admitted that introducing the food pricing law may require cooperation with the UK government. Experts believe the proposal could conflict with the UK Internal Market Act 2020, which was introduced after Brexit to prevent trade barriers between Scotland, England, Wales, and Northern Ireland. Since the SNP no longer holds a parliamentary majority, Swinney acknowledged that he would need support from opposition parties in Holyrood as well as discussions with ministers in Westminster. Despite criticism from political opponents, Swinney rejected claims that the policy was designed to trigger a political dispute with London. Instead, he insisted that his goal is to support people who are struggling to afford basic shopping needs. Additional Promises in SNP Manifesto Alongside the food pricing proposal, the SNP has also promised to introduce a £2 cap on bus fares and expand childcare services across Scotland. The party says these measures would help reduce financial pressure on working families and improve access to affordable public services. Swinney believes the combined policies would provide direct support to households dealing with inflation and rising living costs.
Economics

Swinney Defends Food Price Cap Plan Ahead of First Minister Vote

SNP Leader Promises Relief for Families Facing Rising Food Costs John Swinney has defended his proposal to cap the prices of essential food items as he prepares for a key…

Supermarkets urged to limit food prices by government
Economics

Government Push for Lower Food Prices in UK Supermarkets

Plan Links Price Limits With Regulatory Relief The government is encouraging major UK supermarkets to hold back price increases on essential groceries. These include basic items such as bread, milk,…

Cuba Denies US Claims of Military Threats and Drone Build Up Cuba rejects allegations from the United States Cuba has strongly denied claims that it is preparing for military action against the United States. Foreign Minister Bruno Rodríguez said the accusations are false and part of a political narrative aimed at justifying pressure on Havana. He stressed that Cuba does not seek conflict and remains focused on defending its sovereignty. Drone accusations raise regional tension Reports cited by US media outlet Axios suggest that Cuba may have obtained around 300 drones and could be considering potential targets near the US. These claims also mention possible discussions involving strikes near military and coastal areas, including the US base at Guantanamo Bay and regions in Florida. US officials referenced in the report also suggested possible foreign military involvement. Cuba dismissed these statements and accused Washington of spreading misinformation to build support for aggressive action. Fuel shortages deepen crisis inside Cuba Cuba is facing a severe fuel shortage that has disrupted daily life. The crisis has led to rolling power cuts across the country. Hospitals, water systems, transport services, and waste collection have all been affected. Authorities in Havana say the situation has worsened due to long standing restrictions on oil supply access linked to policies from the United States. These constraints have placed additional pressure on energy imports and economic stability. Diplomatic tensions continue between Havana and Washington Relations between Cuba and the United States remain strained. Discussions between both sides have taken place in recent months, but no long term agreement has been reached. US political pressure has increased, while Cuban officials continue to call for dialogue without threats or intervention. There are also references in the report to international involvement, including suggestions of foreign advisers in Havana. These claims have not been independently confirmed and remain part of ongoing political dispute. Public hardship and growing unrest The fuel shortage and power cuts have caused widespread disruption across Cuban society. Shortages of food and medicine have added to public frustration. In some areas, rare public protests have appeared as living conditions continue to deteriorate.
EconomicsUnited StatesWar

Cuba Denies US Claims of Military Threats and Drone Build Up

Cuba rejects allegations from the United States Cuba has strongly denied claims that it is preparing for military action against the United States. Foreign Minister Bruno Rodríguez said the accusations…

Why Modi wants Indians to buy less gold and take fewer foreign holidays
BusinessEconomics

Why India is being urged to cut gold purchases and foreign travel

Economic Pressure Behind the Advisory Prime Minister Narendra Modi has asked citizens to adjust spending habits as India faces rising external economic pressure linked to global instability. He encouraged people…

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South Africa return to the FIFA World Cup 2026 after 16 years. Explore their strengths, weaknesses, squad profile, and chances in the tournament.
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Nigeria has started bringing back citizens from South Africa as tensions rise and safety concerns grow. Returnees share experiences of violence and fear.
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Pope Leo XIV Visits Canary Islands to Highlight Migrant Sea Journeys Pope Meets Migrants in Gran Canaria Pope Leo XIV started his visit to the Canary Islands by meeting migrants in Gran Canaria. He listened to personal stories of people who crossed the Atlantic in unsafe conditions in search of a better life. He told them they are not just numbers or records but real human beings with dignity. He also said he bows in respect to their struggles and survival. Call for Safe Migration Routes During his visit, the Pope spoke about the need for legal and safe pathways for migration. He urged European leaders and societies not to become numb to deaths at sea. He warned that the oceans should not become silent graves for people trying to reach safety. He called on conscience and responsibility in handling migration policies. Tribute at Sea for Lives Lost At the port of Arguineguín in southern Gran Canaria, the Pope paid tribute to migrants who died during their journeys. He placed a wreath of flowers into the sea and prayed in silence. His message focused on remembering those who disappeared without any trace during Atlantic crossings. Dangerous Journey Across the Atlantic Data from the UNHCR shows that arrivals to Spain by sea have decreased this year. This decline is partly linked to stronger patrols along West African waters supported by European funding. Even with fewer arrivals, many migrants continue to attempt the journey. Many still lose their lives at sea. Survivor Story from The Gambia One survivor, Bakary Jaiju from The Gambia, shared his experience of crossing the Atlantic at age 19. He traveled in a wooden boat with around 160 people including women and children. He described a journey lasting seven days with very limited food and water. Fear was constant as passengers risked falling into the sea. Jaiju said he left his family behind because he wanted to improve their living conditions, even if it meant risking his life. Rescue and Life After Arrival When the boat ran out of fuel near El Hierro, Spanish rescue teams found and saved the passengers. After arrival, Jaiju spent three difficult months in a migrant camp. Later, he joined a support program in Tenerife to learn Spanish and work toward legal residence. A local parish priest known as Padre Pepe supports migrants through community programs that help them adjust and rebuild their lives.
Pope Leo XIV Visits Canary Islands to Highlight Migrant Sea Journeys
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Clashes in Pakistan administered Kashmir leave at least 15 dead as protests grow over reserved legislative seats, raising tensions across the region.
Thousands March in Pakistan-Administered Kashmir as Deadly Clashes Erupt
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