The International Monetary Fund (IMF) has revised its global economic growth outlook downward due to rising energy and food costs, which have been exacerbated by escalating tensions between the United States and Iran.

Indonesia can absorb the economic impact of rising global oil prices driven by tensions in the Middle East for up to 10 months without cutting fuel subsidies, a senior minister has said.

Global economic uncertainty is being driven by a convergence of structural and cyclical factors, including geopolitical tensions, monetary policy tightening, and uneven post pandemic recovery. Major economies are facing slower growth, while external shocks continue to disrupt stability.

Investment in artificial intelligence is set to remain a key driver of global economic growth over the next two years, according to a new analysis by BofA Global Research.

As the conflict involving the United States, Israel and Iran enters its fourth week, the situation has evolved into one of the most complex and far-reaching geopolitical crises in recent years. What began as a series of targeted strikes has expanded into a multi-theatre confrontation affecting not only the Middle East but also global energy markets, international diplomacy and economic stability.

India has emerged as one of the most dynamic economic success stories of the twenty first century. Over the past two decades, the country has transformed from a largely developing economy into one of the world’s fastest growing major economic powers.

SOCAR Carbamide has been admitted to the prestigious Global Lighthouse Network of the World Economic Forum (WEF) and has also been awarded the Forum’s Digital Lighthouse Award.