Iran has announced the discovery of huge new natural gas reserves totaling 283 billion cubic meters in the Pazan gas field, located in the southern province of Fars. That potentially increases the Iran’s gas reserves in 2025, making them one of the biggest in the world. The announcement was made by Iran’s Oil Minister, Mohsen … Read more
French luxury magnate Bernard Arnault, one of the wealthiest people in the world, saw his fortune rise by an astonishing $19 billion in just 24 hours, according to Bloomberg. Bernard Arnault’s net worth now stands at $192 billion, fueled by strong demand for luxury goods worldwide. The surge came after his conglomerate LVMH (Moët Hennessy … Read more
The International Monetary Fund (IMF) has warned that the global economy is entering a slower phase. According to its latest outlook, global GDP growth is expected to cool to 3.2% in 2025 and 3.1% in 2026, well below the pre-crisis average of 3.7%. The IMF global growth forecast suggests caution and the need to closely … Read more
On October 12, 2025, the current S&P 500 bull market marked its third anniversary. Three years earlier, the index had closed at 3,577 amid fears that inflation was spiraling out of control. That day, stocks rebounded sharply after an early drop, a sign that often signals a turning point. Since then, the rally has remained … Read more
The U.S. dollar, still the world’s dominant reserve currency, has staged a surprising comeback in 2025. Despite political uncertainty in Washington, the dollar index recently hit a two-week high, leaving many investors who were betting against the dollar facing painful losses. Earlier this year, “shorting the dollar” was one of the most popular strategies in … Read more
China’s aerospace industry is working on an ambitious new project: a next-generation heavy military transport aircraft capable of carrying up to 120 tons of cargo. Technical details recently published in the specialist press reveal a radical “blended wing body” (BWB) design that would surpass the capabilities of China’s current fleet and rival U.S. and Russian … Read more
The World Bank has lifted its China GDP growth forecast for 2025 to 4.8%, a notable improvement from its April estimate of 4%. The revision reflects stronger-than-expected short-term resilience in the world’s second-largest economy. The adjustment also extends to much of the East Asia and Pacific region, where growth expectations are slightly more positive than … Read more
The global economy is facing a “perfect storm” of fiscal pressures, political instability, and monetary easing. And once again, gold has emerged as the clear winner, with prices breaking above $4,000 per ounce in 2025 — a historic gold price record. But can gold truly outshine the U.S. dollar as the world’s safe haven? Why … Read more
The Forbes Russia 2025 ranking of the wealthiest people is led by two familiar names: Vagit Alekperov and Alexey Mordashov. They are the richest billionaires in Russia. Their net worth is nearly identical, yet their career paths highlight different industries — oil and steel — that have long been cornerstones of Russian economic power. For … Read more
The debate over a wealth tax in Europe has reignited as governments search for ways to reduce inequality and raise revenue. While only a handful of countries still impose taxes on net wealth, discussions continue across the continent. How Wealth Is Concentrated in the Eurozone According to the European Central Bank, as of 2025: This … Read more