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World economy

Asian Development Bank says the world faces ‘immense’ funding challenges

by Walter Watson
Asian Development Bank says the world faces ‘immense’ funding challenges

Asia and the rest of the world face “immense” challenges, and the Asian Development Bank must work with others to address those issues, its director general told CNBC on Friday. …

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Asia’s ultra-rich population posts largest decline in the world: Altrata

by Walter Watson
Asia’s ultra-rich population posts largest decline in the world: Altrata

Sunrise over Hong Kong’s Sky 100 Observation Deck. Anuchit Kamsongmueang | Moment | Getty Images Asia’s ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in …

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India’s G20 presidency risks ringing hollow as Ukraine war hobbles consensus

by Ron Morgan
India’s G20 presidency risks ringing hollow as Ukraine war hobbles consensus

US President Joe Biden, right, and Narendra Modi, India’s prime minister, at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, DC, …

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A worldwide lithium shortage could come as soon as 2025

by Walter Watson
A worldwide lithium shortage could come as soon as 2025

A bulldozer moving lithium ore at the Sigma Lithium Xuxa mine near Itinga, Minas Gerais state, Brazil. Bloomberg | Bloomberg | Getty Images The world could face a shortage for …

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ECB’s Lagarde says interest rates to stay high as long as needed to defeat inflation

by Walter Watson
ECB’s Lagarde says interest rates to stay high as long as needed to defeat inflation

Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, and Bank of Japan Governor Kazuo Ueda take a break outside while attending the Kansas City Federal Reserve Bank’s …

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Dubai’s luxury home prices soar almost 50%: Knight Frank

by Walter Watson
Dubai’s luxury home prices soar almost 50%: Knight Frank

High-rise tower buildings along the central Sheikh Zayed Road in Dubai on July 3, 2023. Karim Sahib | Afp | Getty Images Dubai’s luxury home prices surged by nearly 50% …

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Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

by Walter Watson
Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

Malaysia’s then-opposition leader Anwar Ibrahim leaves after meeting with Malaysia’s King at the National Palace in Kuala Lumpur on November 22, 2022. Nurphoto | Nurphoto | Getty Images Malaysia’s Prime …

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China is grappling with a ‘confidence crisis’, says economist

by Walter Watson
China is grappling with a ‘confidence crisis’, says economist

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first …

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Singapore narrows 2023 growth forecast on ‘weak’ external demand

by Walter Watson
Singapore narrows 2023 growth forecast on ‘weak’ external demand

A general view of the Central Business District and the Merlion, illuminated with a projection during the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty …

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Niger hangs in the balance as junta ignores ultimatum from West African bloc

by Ron Morgan
Niger hangs in the balance as junta ignores ultimatum from West African bloc

NIAMEY, Niger – August 6, 2023: Mohamed Toumba, one of the leading figures of the National Council for the Protection of the Fatherland, attends the demonstration of coup supporters and …

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