World Bank mobilizes record $112 billion in private capital under Banga overhaul
The World Bank mobilized a record $112 billion in private capital in the year ended June, up from $69 billion…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
China’s youth unemployment rate climbs to 18.9% in August
China's youth unemployment rate rose to 18.9% in August, its highest level since August 2025. Joblessness among people aged 25…
Fed Delivers Unanimous Rate Hike to 3.75%-4.00%, Signals One More Increase This Year
The Federal Reserve raised its benchmark rate to 3.75%-4.00% on Wednesday in a unanimous vote, its first hike since 2023….
Trump gains a new tariff weapon against China and India over Russian oil
The U.S. House passed a bill Wednesday letting President Trump impose tariffs of up to 100% on the top buyers…
Trump says U.S. is ‘hopefully’ nearing the end of Iran war as Saudi-Houthi fighting escalates
President Donald Trump says the U.S. is "hopefully" nearing the end of its nearly seven-month war with Iran, even as…
