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US federal budget posts $1.99tn deficit for FY2026 as spending outpaces revenue
The federal budget closed fiscal 2026 with a deficit of $1.99 trillion, the Treasury Department reports. The gap between revenues and outlays widened 12% from last year’s $1.78 trillion...
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China GDP rises 4.5% in Q3 as exports and factories shoulder recovery
China’s economy grew 4.5% year-on-year in the third quarter of 2026, beating consensus forecasts of 4.4% and accelerating slightly from 4.3% in Q2. On a quarterly basis, GDP expanded 1.2%...
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Samsung surpasses Nvidia as world’s most profitable company
South Korea’s Samsung Electronics has quietly overtaken investor darling Nvidia to become the world’s most profitable company. Operating profit at the Korean giant surged by 783% year‑on‑year in the third...
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$76bn investment pact signals US return to Venezuelan oil market
Venezuela is preparing for an unprecedented influx of American capital after acting President Delcy Rodriguez said the country aims to attract $76 billion into its oil sector over the next...
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High gas prices send Europe back to brown coal
Europe spent decades closing coal plants to fight climate change, but soaring gas costs have rewritten the energy playbook, delivering windfall profits to the remaining coal fleet. A colder stretch...
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Gasoline surge drives US inflation to five‑month high
Consumer inflation in the United States accelerated to a five‑month high as energy prices surged. Bloomberg reports that the consumer price index rose 0.6% in September and stood at 3.7%...
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World economic prospects steady at 3.4% for 2027 as AI investment cushions energy shock
The International Monetary Fund left its forecast for global GDP growth in 2027 unchanged at 3.4% while upgrading its 2026 estimate to 3.1%. In the World Economic Outlook released...
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Gold poised for fresh records within two years
Global investors expect gold to hit fresh record highs within the next two years, driven largely by central banks that have grown disillusioned with fiat currencies and are buying physical...
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IMF’s Georgieva identifies US, China as main sources of global imbalance
According to IMF Managing Director Kristalina Georgieva, the United States and China are the principal contributors to global economic imbalances. European countries have also played a role by delaying needed...
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India named fastest‑growing major economy
India is the world’s fastest‑growing major economy, the International Monetary Fund concludes. The fund raised its growth forecasts sharply: India’s GDP is now projected to expand by about 7%...
