China's Russian Oil Imports to Hit New Record in February as India Cuts Back
China’s independent refiners boosted Russian oil imports to a record roughly 2.08 million barrels per day in February, overtaking the 1.7 million bpd seen in January. The surge follows India’s sharp cutback to about 1.16 million bpd, leaving China as Moscow’s top seaborne buyer. Discounted Russian grades, especially Urals and ESPO, traded $9‑$11 below ICE Brent, the deepest gap in years. Meanwhile, Iranian shipments to China slipped to 1.03 million bpd as geopolitical risk curtails demand.
Forex Today: Japanese GDP Data Underwhelms
Japan’s Q4 GDP expanded only 0.1% YoY, well below the 0.4% consensus, nudging the economy away from a technical recession but dampening reflation hopes. The weak data erased much of the yen’s recent 3% rally sparked by the new government’s...
Nearshoring and Logistics Upgrades Position the Caribbean as a New Regional Hub
The Caribbean is repositioning as a regional supply‑chain hub as nearshoring gains traction and governments fund logistics upgrades. High logistics costs—16 to 25 percent of GDP—have spurred port expansions in the Dominican Republic, Jamaica, Guyana and Belize, backed by investors such as DP World...
Fitch, Afreximbank, and Africa's Development Sovereignty
Afreximbank terminated its credit rating relationship with Fitch after the agency reclassified the bank as high‑risk for providing debt relief to Ghana. Fitch argued the support indicated a lack of preferred‑creditor status, a claim the bank disputes, citing treaty‑based protections...
Startup Nation: What It Really Takes to Build a Resilient Innovation Hub
Governments are seeking ways to build startup ecosystems that can grow even during geopolitical shocks, supply‑chain disruptions, and economic volatility. The article argues that resilience—not branding or isolated reforms—is the key, using Silicon Valley’s ability to compress, recalibrate, and accelerate...
Japan's Economy Barely Grows in Oct-Dec Quarter as Exports Slow
Japan’s economy grew a modest 0.2 percent annualised in the October‑December quarter, just enough to avoid a technical recession after a 0.7 percent contraction in the prior quarter. Private consumption rose 0.4 percent, but a 1.1 percent drop in exports dragged overall growth. The...
India's Wholesale Inflation Rises to 1.81% in January
India’s wholesale price index (WPI) accelerated to 1.81% year‑on‑year in January, up sharply from 0.53% in December. The rise was led by higher food prices, while falling fuel costs provided a modest offset. Although the Reserve Bank of India (RBI)...
Non-Tariff Measures Costing Industry Billions: GA
Grains Australia’s new report quantifies non‑tariff measures (NTMs) as a 20.4% tariff‑equivalent on Australian grain exports, costing the sector about $4.6 billion in forgone revenue each year. The analysis, built on ABARES research and ANU‑led econometric modelling, is the most detailed...
The End of the Boozy Chinese Banquet Hits Australia’s Largest Winemaker
Treasury Wine Estates’ push back into China has been derailed by a government crackdown on extravagant banquets and tighter grey‑market controls. The winemaker announced it will pull 400,000 cases from China and 500,000 from the United States to regain pricing...
What Keeps Singapore’s Retail Growth Resilient?
Singapore’s retail sector has quietly outperformed expectations, delivering a 12.3% inflation‑adjusted sales increase over the past decade while the population grew 10.4%. Excluding automotive sales, non‑auto retail rose 11.8% since 2019, translating to a healthy 0.7% annual per‑capita gain. Mall...
Australia Exports 2.29Mt Wheat in Dec in New-Crop Surge
Australia’s wheat exports jumped to 2,288,487 tonnes in December 2025, more than double November’s volume and slightly above the 2.13 Mt shipped a year earlier. The surge reflects the arrival of new‑crop wheat from southern ports, marking the start of the...
Myanmar Junta Expels Timor-Leste’s Top Diplomat Over War Crimes Case
Myanmar's military junta expelled Timor‑Leste's top diplomat after Dili opened war‑crimes proceedings. The case, filed by the Chin Human Rights Organization, accuses senior general Min Aung Hlaing of rape, murder and attacks in Chin State. The junta called the move a breach...
Millennials and Gen Z Will Drive Travel Spending in 2026: Klook
Klook’s Travel Pulse 2026 report reveals that 88% of global travelers intend to keep or increase their travel budgets despite economic headwinds, with Asia‑Pacific travelers 50% more likely to boost spending than their Western counterparts. The survey of 11,000 Klook...
Q-Day: Bank Quantum Attack Could Cost US Economy Trillions, Warns Citi
Citi warns that quantum computers could break public‑key encryption within the next decade, estimating a 19‑34% probability of a widespread breach by 2034 and 60‑82% by 2044. A successful quantum attack on a major U.S. bank could generate $2‑3.3 trillion in...
A Lot of Bull: As STI Breaches 5,000, What More Can We Call For?
The Straits Times Index broke the 5,000‑point barrier on Feb 12 as Finance Minister Lawrence Wong presented Budget 2026, confirming JPMorgan’s bullish target from last year. The milestone follows a series of equity‑market reforms, including a S$1.5 billion top‑up to the Financial Sector...
MEGA PROJECTS AND A CLEAR STRATEGY DRIVE EGYPT'S TOURISM BOOM
Egypt’s tourism rebounded dramatically in 2025, welcoming 19 million international visitors—a 21% year‑over‑year increase—and generating $18‑$24 billion in revenue. The surge is driven by flagship investments such as the Grand Egyptian Museum, which opened in November 2025, and ambitious Red Sea coastal...
Hapag-Lloyd’s Plan to Acquire Zim Would Deepen Shipping Oligopoly
Hapag-Lloyd announced a $3.5 billion plan to acquire Israel’s Zim Integrated Shipping Services, pending regulator sign‑off. The transaction would add roughly 704,000 TEUs, pushing Hapag-Lloyd’s capacity above 3 million TEUs and placing it among the world’s five largest container lines. The deal...
U.S. Government Shutdown Sends Shockwaves Through Aviation and Global Tourism
The United States has entered another government shutdown, directly affecting the Transportation Security Administration and parts of the Federal Aviation Administration. Thousands of TSA officers are working without pay, creating staffing shortages and longer security lines at major hubs such...
Make America Great Again — or Make It Unrecognizable? Rubio’s Munich Speech Sparks Fear in Europe and Raises Alarms Across...
U.S. Secretary of State Marco Rubio’s Munich Security Conference address reframed the trans‑Atlantic alliance in terms of Western civilization and cultural heritage, sparking unease among European listeners, especially in Germany. The speech’s emphasis on identity and tradition resonated with historical...
India's Forex Reserves Drop $6.7 Billion to $717 Billion, Gold Reserves Dip, Reveals RBI Data
India's foreign exchange reserves slipped by $6.7 billion to $717.064 billion in the week ending 6 February, after a record high of $723.774 billion the week before. The decline was driven mainly by a $14.208 billion drop in gold reserves, which fell to $123.476 billion, while...
Trump, Netanyahu Back Plan for US Pressure on Iran to Cut Oil Sales to China, Agree to Go ‘Full Force’...
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have agreed to intensify economic pressure on Iran by targeting its oil exports to China, which account for more than 80% of Tehran’s sales. The coordinated effort is intended to force...
THE 2026 WORLD CUP REVENUES GO BEYOND THE TOURISM INDUSTRY
Mexico, alongside the U.S. and Canada, will host 13 matches of the 2026 FIFA World Cup, expecting 836,000 tourists—280,000 of them international. Fan fests across Mexico City, Monterrey and Guadalajara are projected to draw 4.2 million attendees, turning public squares into...
China’s Ice and Snow Economy 2026: A 1 Trillion Yuan Winter Revolution
China’s ice and snow tourism sector surpassed 1 trillion yuan in 2025, a fourfold increase over the past decade. The industry is projected to reach 1.2 trillion yuan by 2027 and 1.5 trillion yuan by 2030, fueled by 360 million domestic winter trips generating...
Elbridge Colby: ‘NATO Is Actually Stronger Than Ever.’
Elbridge Colby, the U.S. undersecretary of defense for policy, told the Munich Security Conference that NATO is stronger than ever and is evolving into a "NATO 3.0" model that shifts conventional defense responsibility to Europe while the United States underwrites the...
Did You Buy a Coffee Machine with a Tax Refund? It May Have Affected Australia’s Interest Rate
Australian households used recent tax refunds and a brief cycle of interest‑rate cuts to splurge on durable goods such as coffee machines, furniture and appliances. The surge translated into double‑digit revenue growth for Breville, a 13% sales lift for Nick Scali...
A U.S. ‘Debt Spiral’ Could Start Soon as the Interest Rate on Government Borrowing Is Poised to Exceed Economic Growth,...
The CBO projects publicly held U.S. debt will surpass 106% of GDP by 2030 and reach 120% by 2036. Average Treasury interest rates are expected to climb to 3.9% by the end of the forecast, outpacing nominal GDP growth that...
Singapore Budget 2026: S$37 Billion (US$29.3 Billion) RIE 2030 Plan Anchors Quantum as a Strategic Pillar
Singapore’s 2026 Budget unveiled a S$37 billion Research, Innovation and Enterprise (RIE) 2030 plan, a 32% increase that keeps R&D spending at roughly 1% of GDP. Prime Minister Lawrence Wong highlighted quantum technology as a strategic growth pillar, announcing the country will...
ECB Enhances Repo Facility for Central Banks
On 14 February 2026, the ECB’s Governing Council approved an overhaul of the Eurosystem repo facility for central banks (EUREP). The revised framework introduces standing access for a broad set of non‑euro‑area central banks, provided they meet anti‑money‑laundering and sanctions...
Saudi Arabia Appoints New Investment Minister
Saudi Arabia has appointed Fahad Al‑Saif as the new investment minister, replacing Khalid Al‑Falih who moves to a minister‑of‑state role. Al‑Saif previously led the Investment Strategy and Economic Insights Division at the Public Investment Fund, shaping long‑term capital allocation. The...
SWPC Rebrands as Sharakat to Reinforce PPP Focus
Saudi Water Partnership Company has rebranded as Sharakat to underscore its expanding public‑private partnership (PPP) role in the kingdom’s water sector. The change aligns with Saudi Arabia’s National Privatisation Strategy, which aims to secure more than $64 bn in private‑capital water...
Cabinet Clears Rs 11,000 Crore Highway Projects in Maharashtra, Gujarat, Telangana Under PM GatiShakti
The Cabinet Committee on Economic Affairs approved highway projects worth over Rs 11,000 crore across Maharashtra, Gujarat and Telangana. Maharashtra will upgrade a 154.6‑km stretch of NH‑160A for Rs 3,320.38 crore, Gujarat will build a 107.67‑km 4‑lane segment of NH‑56 for Rs 4,583.64 crore, and Telangana...
US Fixation on the Hard-Hat Economy and Making Manufacturing Great Again Makes Little Sense
The article argues that U.S. political focus on reviving the “hard‑hat” economy is misplaced. Manufacturing now comprises under 8% of employment, and recent tariff and subsidy policies have raised input costs without restoring jobs. Federal initiatives like the Inflation Reduction...
Dedicated Freight Corridor Won’t Divert Cargo Volumes to Competing Ports, Says APSEZ
Adani Ports and Special Economic Zone (APSEZ) says the Western Dedicated Freight Corridor (DFC) will not erode cargo volumes at its flagship Mundra Port. The company cites Mundra’s deep draft, faster vessel turnaround and integrated logistics ecosystem as structural advantages...
Honda, Toyota Voice Concerns over EU's 'Made in Europe' Plan
Japanese and British automakers Honda and Toyota have warned that the European Union’s proposed “Made in Europe” plan could limit their market access. The initiative, driven by EU Executive Vice‑President Stephane Sejourne, seeks to curb cheap Chinese imports and boost...
Cabinet Clears Rs 1 Lakh Crore for India's Big Urban Reset; Aims to Unlock Rs 4 Lakh Crore Investment
The Indian cabinet approved a Rs 1 lakh crore Urban Challenge Fund (UCF) to drive market‑led urban infrastructure over the next five years. The fund offers 25% central assistance, requiring cities to raise at least 50% of project costs from bonds, loans or...
UTF Vs. ASGI: Why A 6% Discount And Rate Cut Cycle Make UTF The Obvious Choice
Cohen & Steers Infrastructure Fund (UTF) received a Buy rating, while abrdn Global Infrastructure Income Fund (ASGI) was placed on Hold due to its premium valuation. UTF trades at a 6 % discount to NAV and carries 29.7 % leverage, positioning it to...
India Must Shift From Growth at Scale to Productivity for Viksit Bharat 2047: KPMG Report
KPMG’s new report urges India to move from a scale‑driven growth model to one focused on productivity as it targets a Viksit Bharat by 2047. It outlines ten priority areas, including deepening manufacturing, upskilling a youthful workforce, modernising MSMEs, and...
What America Forgets About the UN
The Financial Times opinion piece argues that the United States increasingly overlooks the strategic value of the United Nations, treating the body as a bureaucratic relic rather than a vital platform for multilateral problem‑solving. It highlights how U.S. disengagement erodes...
World Liberty Forum Reaches Capacity as Global Leaders Prepare to Convene at Mar-a-Lago
World Liberty Financial announced that its World Liberty Forum has sold out, with nearly 400 senior executives, investors and policymakers confirmed for the February 18, 2026 gathering at Mar‑a‑Lago. The day‑long event will feature high‑profile speakers from finance, technology, sports and government,...
Oil Prices Level Out Despite Possible Opec-Plus Supply Growth
Oil prices closed Friday largely unchanged after a session marked by sharp swings between macro‑economic headwinds and geopolitical support. Traders weighed the prospect of OPEC‑plus expanding output against lingering demand concerns. The market’s equilibrium suggests that supply‑side expectations have not...
Early Estimates Point to Lower Social Security Cost-of-Living Adjustment for 2027
Social Security delivered a 2.8% cost‑of‑living adjustment (COLA) for 2026, boosting benefits by roughly $56 per month. Early government inflation data suggest the 2027 COLA could be markedly lower, with estimates ranging from 1.2% to 3.1%. Analysts warn that a...
Ocean Alliance, ONE Rework Trans-Atlantic Services, Remove Ships
Ocean Alliance and Ocean Network Express (ONE) announced a major overhaul of their trans‑Atlantic service network, removing several vessels and consolidating U.S. port calls. The redesign follows a year of uneven trade, with U.S. exports to Europe rising sharply while...
Export Momentum Carries Corn Market Into New Year
U.S. corn prices remain buoyed by robust export demand that persisted into early 2025, according to Compeer Financial economist Megan Roberts. While prices are still below target levels, the export momentum offsets downward pressure. Roberts noted that a nationwide E15...
Milan-26: India’s Maritime Diplomacy Comes of Age
India’s 13th Milan naval exercise, Milan‑26, will run Feb 18‑25 in Visakhapatnam, coinciding with the International Fleet Review and the IONS summit, forming the “Vizag trifecta.” The biennial drill has grown from four regional navies in 1995 to 70 confirmed participants...
Bond Yields Fall After CPI Report Shows Tamer Inflation
U.S. Treasury yields fell after the January CPI came in cooler than expected, pulling municipal bond yields lower as well. Despite the softer inflation print, analysts say the Federal Reserve will likely keep rates on hold and consider only a...
US Supreme Court Says Next Friday Will Be a Decision Day
The U.S. Supreme Court announced three decision days—Feb. 20, 24, and 25—when it will issue opinions, though it has not disclosed which cases will be decided. Lawmakers in the House have voted against new tariffs and the Senate is expected...
FedEx Plans to Close over 475 Stations Due to Network 2.0
FedEx will shut more than 475 stations, roughly 30% of its U.S. and Canada footprint, as part of its Network 2.0 consolidation. The initiative merges Ground and Express operations, shifting focus to large metros such as San Francisco. Already, over 200 sites...
Trump Unveils White House Maritime Action Plan to Restore U.S. Seapower
President Trump released the White House Maritime Action Plan (MAP), the most ambitious U.S. shipbuilding strategy since the 1936 Merchant Marine Act. The 35‑page document proposes a fee on foreign‑built vessels, a dedicated Maritime Security Trust Fund, Maritime Prosperity Zones,...
Fed's Goolsbee Sees Encouraging and Concerning Parts of the CPI Report
Chicago Fed President Austan Goolsbee highlighted a mixed CPI report, noting a modest 0.2% month‑over‑month rise in headline inflation and a steady 2.5% year‑over‑year rate. While core inflation matched expectations, services inflation remains elevated, keeping overall inflation around 3% and...
Cameroon Suspends International Registry Citing Fraud
Cameroon’s Ministry of Transport announced a suspension of its international ship registry after uncovering multiple fraudulent registrations. The halt, effective immediately, follows pressure from the EU, IMO and U.S. authorities concerned about the flag’s role in the shadow fleet and...