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India shows ‘cautious resilience’ despite Middle East conflict: DEA
India's economic story is expected to remain on a path of "cautious resilience" in the near term, even as global uncertainties continue to grow, the department of economic affairs (DEA) said in its Monthly Economic Review for May. However, it cautioned that the ongoing conflict in the Middle East, rising crude oil prices and the possibility of a weaker-than-normal monsoon could pose challenges to growth and fuel inflationary pressures in the months ahead. Despite these risks, the DEA said...
Deep learning four decades of human migration
Abstract Human migration is a fundamental driver of global demographic change, shaping population structure, labour markets and social policy across countries1,2,3. Although long-term migration patterns are often linked to economic development4, they can shift rapidly in response to shocks such as conflict, environmental crises and political change5. Despite its importance, migration remains difficult to measure consistently: existing data are sparse, concentrated in high-income settings and...
Philippines’ bet on shaky investment pledges from the US risks China’s ire
“You have absolutely no idea of what you’re talking about. The whole point of Pax Silica is to partner with countries who are good at doing different things because everyone wins from a secure supply chain,” wrote US Undersecretary of State for Economic Affairs Jacob Helberg on a social media website in response to an online critic of the US strategic initiative with the Philippines. The spirited exchange came after Manila’s reported rejection of a request to extend diplomatic immunity to US...
<strong>Aluminum Under Pressure, While Poland Surges Ahead</strong>
Andrzej Domanski, Poland's finance minster, during a news conference following an Economic and Financial Affairs Council (ECOFIN) meeting in Luxembourg, on Friday, June 20, 2025. The EU faces the threat of 50% levies on nearly all its exports to the US when a deadline set by Trump expires on July 9. Simon Wohlfahrt/Bloomberg
A 'rogues' gallery' of notorious figures at Russia's biggest economic conference
Russia-U.S. talks on economic and energy issues continue despite a pause in Ukraine peace negotiations, Putin's special envoy Kirill Dmitriev told Reuters on Thursday, adding he spoke to U.S. counterparts a day earlier. He spoke on the sidelines of the St Petersburg economic summit, where, as FRANCE 24's international affairs commentator Douglas Herbert explains, a veritable 'rogues' gallery' of notorious figures showed up in support of Putin's policies. Keywords for this article
Indonesian business groups call for clarity about new commodity export rules
Indonesian business groups call for clarity about new commodity export rules JAKARTA, June 2 : Business groups in Indonesia called on the government to issue technical guidance for its plan to centralise exports and retain export proceeds in state banks, they said in a joint statement Reuters received on Tuesday. The Indonesian Employers Association, together with associations of miners, coal miners, nickel smelters and palm oil producers, said they supported the new rules, but hoped the...
US eyes stake in Azerbaijan's pipelines as economic ties enter new phase after Trump-brokered deal
Washington wants in on Azerbaijan's pipelines and energy infrastructure, a senior US official said in Baku, as the two countries deepen economic ties following Trump's White House peace deal with Armenia. The United States wants a direct stake in Azerbaijan's pipeline and energy infrastructure, a senior US official said on Thursday, signalling Washington's ambitions to deepen its foothold in a region long dominated by Russia and China. Speaking at the first Azerbaijan–US Economic Dialogue in...
The Crisis Iran’s Leaders Can’t Ignore
The war between Iran and Israel and the United States has been an economic catastrophe for Iranians. Their country has lost at least 1 million jobs—possibly 2 million—since the war began. In the same period, almost 300,000 eligible Iranians have signed up for unemployment insurance, and job-seeking websites are so inundated with new applications that they keep crashing.
Malaysia moves to register refugees, link those eligible to jobs amid labour shortages
Malaysia moves to register refugees, link those eligible to jobs amid labour shortages Authorities say the registration system will help regulate the refugee population, strengthen security oversight and improve refugees' welfare. Malaysia is stepping up efforts to manage the more than 200,000 refugees and asylum seekers living in the country, with eligible individuals set to be matched with temporary jobs in sectors facing labour shortages. Since the start of the year, the government has...
New US tariff, exemptions will provide growth stimulus for Indonesia, minister says
New US tariff, exemptions will provide growth stimulus for Indonesia, minister says JAKARTA, June 5 : Indonesia's chief economic minister said on Friday that an additional 10 per cent duty imposed by the United States on the country's exports, along with the exemptions expected for some of its key products, could help to stimulate economic growth. The U.S. Trade Representative has proposed tariffs of up to 12.5 per cent on imports from 60 countries after determining they had failed to curb...