US President Donald Trump and Chinese President Xi Jinping are set to meet this week in Beijing for a high-stakes summit that could shape the future of global trade and technology. The main topics expected to dominate the meeting include trade and tariffs, the Iran war and global oil supply, Taiwan tensions, and most importantly, […]
“US Federal Reserve officials warned that the ongoing U.S.-backed conflict with Iran could disrupt global oil supply chains, which may further drive inflation higher. Since energy is the backbone of any economy, any major disruption in oil supply can severely affect transportation, manufacturing, and overall economic activity, ultimately increasing prices across the economy. Austan Goolsbee, […]
Today, I went out for breakfast and ordered a plate that cost ₹40. Just two years ago, the same plate was priced at ₹20. A 100% increase in such a short time—it was shocking. This is inflation in action. Inflation refers to the rise in prices of goods and services over time. It doesn’t hit […]