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FOUND: 5 | Mind Blowing Facts

IMF approves $A231m in funding for Papua New Guinea

The International Monetary Fund sees growth in Papua New Guinea easing to 3.8 per cent in ‌2026 from an estimated 5.6 per cent in 2025.

AAP

When global trade becomes a weapon, how can African economies protect themselves?

“Today, everyone recognises that trade is as much a security issue as an economic one.”

The Conversation

A good life for the 99% isn’t a pipe dream: it can be done. Here’s how

Our plan is radical – but by transforming how we live on a finite planet, nearly everyone gains, says Thomas Piketty and researchers from the World Inequality Lab

The Guardian - UK

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OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

Fortune

Fuel price shield helping India and consumers to tackle West Asia crisis: Gita Gopinath

India is already cushioning the economy from the West Asia crisis. Gita Gopinath, former IMF Deputy Managing Director, states the government is limiting fuel price hikes. This acts as an implicit subsidy. She advises more targeted support for vulnerable households and businesses instead of broad fuel subsidies. This approach helps…

The Economic Times

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

International Business Times

Elevated oil prices could drag India's growth to 6%, below IMF forecast of 6.5%: Gita Gopinath

Elevated oil prices could slow India's economic growth to around 6%, according to former IMF official Gita Gopinath. She warned that prolonged West Asian tensions could further impact global growth and India's prospects. Gopinath emphasized supply-side reforms, renewable energy, and improving ease of doing business to boost investment and strengthen…

The Economic Times

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RBI to hold rate on Friday, future hike will depend on inflation data: Gita Gopinath

The Reserve Bank of India (RBI) is likely to keep interest rates unchanged in the near term and adopt a data-dependent approach before taking any future policy action, according to Gita Gopinath, former First Deputy Managing Director of the International Monetary Fund (IMF).

The Economic Times

Faye appoints cabinet despite Sonko's Pastef boycott threat

Senegal's President Bassirou Diomaye Faye has appointed a new government, despite an initial threat by his own party to boycott the process. Pastef, led by former prime minister Ousmane Sonko, said it would not participate, citing disagreements over the cabinet's composition, but five of its members ultimately appeared on the…

Radio France Internationale

European Commission responds to Italy's call for energy cost relief flexibility

The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties.

Euronews

Debt, inflation & IMF dependence: Pakistan is still spending $900,000 every month on US lobbying

Pakistan is spending heavily on lobbying in the United States. This occurs as the nation faces economic difficulties and water scarcity. The country also deals with rising fuel costs. FARA filings reveal extensive efforts to influence Washington. This includes security, trade, and diplomatic outreach. The lobbying intensified during military tensions…

The Times of India

India's CPI inflation expected to rise to 4.8% with crude oil averaging USD 90/bbl in FY27: Report

Forecasts indicate that by FY27, India’s inflation could hit 4.8%, driven by crude oil prices projected at USD 90 per barrel. Factors such as the ongoing conflict in West Asia and a less favorable monsoon outlook are pivotal. Economic growth might taper to 6.3%, with both fiscal and current account…

The Economic Times

Should You Split Your Retirement Accounts to Reduce Cyber Risk?

AI and cyber threats to brokerages are growing. Will keeping your retirement funds in two or more institutions lessen your risk of getting wiped out?

Kiplinger

Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming

JPMorgan's David Kelly maps out five scenarios for the national debt over the next decade — the best-case is pretty, pretty bad.

Fortune

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The Times of India

Mediation, debt and disorder: Can Pakistan keep balancing China, America and its own crises?

Pakistan has always believed that geography can compensate for weakness. It sits at the intersection of South Asia, Central Asia and the Middle East, possesses nuclear weapons, maintains relationships with superpowers who have shared cold ties, and has spent decades convincing bigger powers that it is too strategically important to…

France 24

Austrian paraglider unscathed after terrifying mid-air collision with plane

PRESS REVIEW – Tuesday, May 26: We look at reactions in the Senegalese and French press after President Bassirou Diomaye Faye appoints a new prime minister after firing his former mentor Ousmane Sonko. Also, papers react to Pope Leo XIV's encyclical on the dangers of AI and the need to…

France 24

Senegal's ousted PM Sonko elected parliament speaker in challenge to President Faye

Senegal's National Assembly on Tuesday voted to reinstate ousted PM Ousmane Sonko as a member and appoint him speaker, just days after he was sacked by President Bassirou Diomaye Faye in an escalating power struggle between the two former allies.

France 24

Senegal's President Faye names economist as prime minister after Sonko ouster

Senegalese President Bassirou Diomaye Faye appointed former regional central bank official Ahmadou Al Aminou Lo as prime minister on Monday, days after dismissing Ousmane Sonko amid rising tensions that threaten reforms tied to crucial IMF support.

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Fortune

Fed stalwart Claudia Sahm fears Kevin Warsh's policies could undo 20 years of policy progress

"That progression has happened over 20 years at the Fed and it's going to be near impossible and probably very misguided to put the cat back in the bag."

The Economic Times

European Union's public debt to be on unsustainable path without action, IMF says

European Union nations face significant financial challenges in defence, energy, and pensions over the next 15 years. The International Monetary Fund warns that without action, public debt will become unsustainable. Reforms, consolidation, and potentially joint borrowing are suggested to manage these rising costs and ensure a stable financial future for…

The Guardian - UK

UK borrows more than forecast in April as inflation adds to benefits bill

The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn

The Guardian - UK

All this talk about ‘difficult’ cuts, yet the largest part of Britain’s welfare bill is never mentioned. Why?

Pensioners vote and young people don’t, so the truism goes. That’s no longer any reason to avoid dealing with the triple lock, says Guardian columnist Zoe Williams

The Times of India

IMF-Pakistan talks: Key discussions, outcomes and what comes next

In a significant step towards revitalizing its economy, Pakistan has wrapped up vital discussions with the IMF, centering on fiscal strategies and essential reforms. The dialogues emphasized changes in the energy sector, restructuring of state-owned enterprises, and efforts to draw in private investment.

Bangkok Post

Lifting lid on economic imbalances

Global imbalances are again dominating international economic debates, and with good reason. Large and persistent imbalances often end badly, whether in abrupt capital-flow reversals, exchange-rate volatility, geopolitical conflict, or, as in 2008, financial crisis. And with the United States now running significant current-account deficits, and China having returned to substantial…

The Conversation

Africa’s capital must stay home to plug its financing gap: how it could be done

Africa is providing cheap liquidity to wealthy nations. In return it is paying huge interest rates to external institutional investors at the cost of its own development.

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