Major US stock indexes closed lower on Friday, July 11, pulling the S&P 500 and Nasdaq composite below their record highs. The S&P 500 fell 0.3%, the Dow Jones Industrial Average gave back 0.6%, and the Nasdaq composite slipped 0.2%. Investors are showing caution ahead of next week's major earnings reports from big companies, including majo

  A United Nations report indicates a worsening global economic outlook, with projected global GDP growth for 2025 now at 2.4%, down from 2.9% in 2024. The slowdown is broad-based, affecting both developed and developing economies, with higher tariffs and policy uncertainty weighing on investment and consumption. Trade growth is expected t

The latest UN Trade and Development (UNCTAD) report reveals that global trade expanded by an estimated $300 billion in H1 2025, but faces "mounting headwinds" in the second half due to policy uncertainty, geopolitical tensions, and slowing global growth. Developed economies outpaced developing countries, driven by surges in US imports and EU export

Iran has issued a deadline for millions of Afghan migrants to leave the country or face arrest. The move follows its recent conflict with Israel, but humanitarian groups warn that mass deportations could further destabilize Afghanistan, which is already grappling with a severe humanitarian crisis. Many have already been forcibly returned, with repo

  Brazilian President Luiz Inácio Lula da Silva has strongly condemned the situation in Gaza as "genocide" during the BRICS summit. His powerful remarks highlight divisions among the BRICS nations regarding how forcefully to denounce Israel's actions in the region. The humanitarian crisis in Gaza remains a major point of international con