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world economy
Latest news related to the global economy.
Conflicts in the Middle East caused global crude oil exports to fall by 8% in the past three months.
The disruption in the Strait of Hormuz has reshaped the world's energy flows, causing oil exports from the Middle East to fall by nearly 50% while shipping costs remain at record highs.
Market
Industrial metal prices on May 21st: Nickel and Aluminum rise slightly, Tin remains at a high level.
The metals market on May 21st showed mixed performance, with nickel and aluminum rising slightly. Tin and molybdenum prices continued to remain high due to stable production demand.
Mortgage interest rates in the US and Europe surged, reaching 6.36% due to the Gulf conflict.
Geopolitical tensions pushed mortgage costs up to 6.36% in the US and 5.1% in the UK. Experts warned of the risk of global inflationary stagnation due to disruptions in oil supply.
Oil prices surge to $126 a barrel, and Trump threatens months-long sanctions against Iran.
The global energy market was shaken on April 30th as crude oil prices surged to their highest level in four years. The direct cause stemmed from a statement by US President Donald Trump regarding...
Chinese aluminum exports are forecast to increase by 18% due to global supply disruptions.
Conflict in the Gulf region disrupted 9% of the world's aluminum supply, prompting a shift of orders to China. Fastmarkets raised its forecast for the country's export growth to 12-18%...
The G7 seeks to bridge the transatlantic rift over the situation in the Middle East.
The G7 foreign ministers began meeting in France on March 26 with the primary goal of narrowing deep disagreements with the US regarding the conflict in the Middle East, and also...
Chicago soybean prices rose to $11.63-1/2 per bushel thanks to a surge in the crude oil market.
On March 19, 2026, Chicago soybean prices rose 0.2%, following the upward trend of crude oil. Conflicts in the Middle East and inflation concerns are driving up the agricultural commodities sector.
Oil prices surged more than 5% amid the US's struggle to find allies to 'rescue' the Strait of Hormuz.
March 17, 2026 17:16
On the afternoon of March 17th, the global energy market witnessed a sharp price surge as crude oil prices jumped by more than 5%. This shock occurred amidst US diplomatic efforts to establish a coalition...
Crude oil prices surpass $100 per barrel, while global soybean prices reach a two-year high.
March 17, 2026 06:00
Geopolitical tensions in the Middle East pushed Brent crude oil prices up to $103.14 per barrel, triggering a surge in investment in agricultural and raw materials globally.
World aluminum prices fell to $3,481 per ton on March 13 due to easing supply pressures.
March 14, 2026 05:29
Aluminum futures prices in London and Shanghai fell on March 13, 2026, amid concerns about easing supply from Qatar, although geopolitical risks continued to support the week's gains.
Aluminum prices rose to $3,502.50 per ton on March 12th due to concerns about tight supply.
March 13, 2026 05:05
Global aluminum prices rose 1.32% on March 12th amid growing concerns about supply disruptions in the Middle East. The metal is nearing its highest price in nearly four years.
The global food price index rose to 125.3 points in February 2026, breaking a five-month losing streak.
March 11, 2026 08:31
According to a report from the FAO, the FFPI index increased by 0.9% in February 2026 due to rising prices of cereals and vegetable oils, although this level is still 21.8% lower than its historical peak in 2022.
Commodity prices on February 25th: Copper reaches a 2-week high, rubber hits a 1-year peak.
March 1, 2026 14:01
The trading session on February 25 saw sharp increases in copper and soybean prices due to recovering demand, while oil prices remained stable despite a 16 million barrel increase in US crude oil inventories.
Global copper prices edged lower after hitting a two-week high, while LME inventories rose to a one-year high.
March 1, 2026 09:30
On February 27th, copper prices on the London and Shanghai exchanges cooled due to a lack of new momentum, while LME inventories reached their highest level since March 2025.
Commodity market 2025-2026: Gold price to rise 60% and pressure from energy oversupply.
February 11, 2026 08:00
2025 saw a surge in gold prices, with a record 60% increase amid policy changes in the US. However, the outlook for 2026 predicts many challenges for crude oil and metals...
Commodity market update 29/1: Oil prices rise over 1.3%, world coffee prices fall sharply by 4.4%.
January 29, 2026 09:42
Crude oil prices surged thanks to an unexpected drop in US inventories, while positive production prospects in Brazil put pressure on Arabica coffee prices, causing them to plummet by more than 4%.
Mr. Trump will meet with global CEOs in Davos.
January 20, 2026 08:21
US President Donald Trump is expected to hold an important meeting with top global business leaders in Davos, Switzerland, on January 21st. The presence of the White House occupant...
WEF Davos 2026: The heat from President Trump's return.
January 19, 2026 14:41
Unprecedented geopolitical shifts, the powerful return of US President Donald Trump, and the challenges posed by artificial intelligence (AI) will be the central focus of the upcoming conference...
Silver prices surged today, January 15th, reaching nearly $90 per ounce due to geopolitical instability.
January 15, 2026 06:50
The global silver market surged to $89.75 per ounce, pushing domestic silver prices in Phu Quy to reach 3.506 million VND per tael during the trading session on January 15th.
The Vice Chairman of the People's Committee of Nghe An province held a working meeting with the Head of the Permanent Mission of Vietnam to Geneva, Switzerland.
December 1, 2025 16:18
In Geneva, as part of their working visit to Switzerland, on November 30th, the Nghe An provincial delegation, led by Vice Chairman of the Provincial People's Committee Phung Thanh Vinh, held a meeting with the Ambassador...
Nghe An provincial leaders held a working meeting with Swiss partners on cooperation in combating climate change and sustainable development.
November 30, 2025 10:40
On November 29th, in Switzerland, the Vice Chairman of the People's Committee of Nghe An province, Phung Thanh Vinh, held a working meeting with Mr. Braulio Eduardo Morera - Head of the Strategy and Solutions for Capacity Building...
Prime Minister Pham Minh Chinh meets with the Premier of the State Council of China.
July 8, 2025 10:24
On July 7th, on the occasion of attending the BRICS Expanded Summit in Rio de Janeiro, Brazil, Prime Minister Pham Minh Chinh met with Chinese Premier Li Qiang.
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