Argentina's economic activity increased by 5.7% in February 2025, the highest monthly gain in recent years. This large increase occurs at a time when structural reforms, increased investor confidence, and international backing are bearing fruit. The spike is largely due to a $20 billion IMF accord signed in April, with an initial $12 billion tranche to strengthen foreign reserves. Key measures included in the pact, like as budgetary discipline and a flexible exchange rate regime, have helped to calm markets. Agriculture and mining were key drivers of February's development. Export incentiv
Prime Minister Narendra Modi praised the inauguration of Amravati Airport, calling it an important milestone for Maharashtra. Taking to social media, he welcomed the new airport as "great news" for the Vidarbha area, emphasising its potential to promote regional connections and business. Several senior leaders attended the opening ceremony, including Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu. According to Chief Minister Fadnavis, Amravati's advanced airport and pilot trai
Saudi Arabia, the world's top oil supplier, has cut crude prices for Asian buyers to near-four-year lows, fuelling speculation that it is attempting to reclaim market dominance. The decision follows OPEC+'s recent decision to accelerate oil output increases. Saudi Aramco, the state-owned oil company, reduced the official selling price for Arab Light crude in May by $2.30 per barrel, putting it $1.20 higher than the averages in Oman and Dubai. This is the steepest price decline in more than two years, and The action followed OPEC+'s surprising decision to increase oil output by 411,000 b
India’s Goods and Services Tax (GST) revenue grew by 9.9% in March, reaching ₹1.96 lakh crore, marking the second-highest monthly collection. The finance ministry reported an 8.8% increase in GST revenue from domestic transactions, amounting to ₹1.49 lakh crore, while GST on imports rose 13.5% to ₹46,919 crore. The total GST collection included ₹38,145 crore from Central GST, ₹49,891 crore from State GST, and ₹95,853 crore from Integrated GST. Cess collections stood at ₹12,253 crore. Refunds rose significantly, reaching ₹19,615 crore, leading to a net GST revenue of over
On Sunday, Prime Minister Narendra Modi inaugurated and laid the foundations for numerous infrastructure projects, totalling Rs 33,700 crore in Chhattisgarh, to improve connectivity, economic growth, and living standards. PM Modi laid the foundations for seven railway projects covering 108 kilometres and inaugurated three railway projects totalling 111 km, worth more than Rs 2,690 crore. He launched the MEMU train service from Abhanpur to Raipur and pledged to electrify all railways in Chhattisgarh to reduce congestion and boost economic prospects. In the energy sector, he launched NTPC
The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE Dirham, a crucial step towards increasing the currency's worldwide recognition. According to the CBUAE, the use of the new symbol is consistent with efforts to establish the Dirham as an international currency. The new symbol is based on the English term for the Dirham and contains two horizontal lines to reflect the currency's stability. The design is also influenced by the UAE flag, which emphasises the country's commitment to financial and monetary security. In addition to introducing the new symbol, the CBUAE
On Monday, the Central Bank of the United Arab Emirates (CBUAE) announced that it has launched a new Dh100 polymer currency, a significant step towards the country's commitment to financial innovation and sustainability. This latest addition to the UAE money series integrates modern security features while honouring the country's history and prosperity. The front of the new banknote prominently features the Umm Al Quwain National Fort, a site that highlights the UAE's vast cultural heritage. The back side of the note depicts the Port of Fujairah and an illustration of Etihad Rail, represen
The UAE has pledged a major $1.4 trillion investment in the United States over the next decade, greatly increasing bilateral economic ties. The agreement comes after a high-profile meeting between top UAE officials and former US President Donald Trump earlier this week. On Friday, a White House official confirmed the deal, emphasising the focus on artificial intelligence, semiconductors, energy, and manufacturing. According to the official, the framework aims to increase the UAE's current investments in crucial sectors of the US economy. Trump and UAE National Security Adviser Sheikh Tahno
Australia is solidifying its place as a top destination for mining listings, with the Australian Securities Exchange (ASX) expected to see an increase in secondary listings this year. Mine developers are drawn to Australia because of its large pension riches, stable rules, and protection from US trade disputes, according to industry sources. The ASX is increasing its market share in metals and mining, competing with Toronto and London as the industry strives for $100 billion in annual expansion to attain net-zero ambitions by 2050. While overall ASX listings have decreased, mining continue
The Asia Foundation's Go Digital ASEAN initiative has successfully completed its second phase, equipping 215,892 micro, small, and medium-sized companies (MSMEs) throughout Southeast Asia with critical digital skills. In Thailand, approximately 44,000 individuals and small businesses received free training, with 69% reporting increased revenue. The ASEAN Coordinating Committee on MSMEs has endorsed the program, which is being executed by The Asia Foundation with support from Google.org, Google's philanthropic arm. Thailand's digital economy was valued at USD 21 billion in 2020 and is antic