Global Economy News
LAST UPDATE: September 1, 2025
Loss of Fed Independence Would Be Serious Danger, Lagarde Says
ECB President Christine Lagarde warned that the Federal Reserve losing its independence would pose a major threat to the global economy.
Insight
Undermining central bank autonomy in the U.S. could destabilize monetary policy and reverberate across global markets.
China’s Xi, Russia’s Putin share vision for new global order at security forum
Xi and Putin at a security forum advanced a new global economic and security order, pushing multilateralism and the interests of the Global South.
Insight
Their initiative signals Beijing and Moscow’s intent to reshape international norms and challenge Western-led structures.
Modi says Russia and India stand together even in difficult times
Modi stated that India and Russia have remained united during challenging times, reinforcing their strategic bond.
Insight
The reaffirmation underscores the enduring partnership amid shifting geopolitical dynamics.
India Pushes Back Against US Moves on Russian Oil Imports
India rejected U.S. pressure to halt sourcing oil from Russia, emphasizing the importance of stable energy supplies.
Insight
Asserting autonomy in energy policy, India is balancing global pressures with domestic economic needs.
