Global economy

Beyond attracting MNCs, Singapore to grow next generation of global business champions

EDB executive vice-president Choo Heng Tong said it is working with venture capital and private equity firms to back high-growth companies.

International Energy Agency boss warns global economy in peril if Hormuz crisis persists

IEA executive director Fatih Birol said the escalation of attacks from both sides threatens to disrupt shipments of oil, fertiliser, natural gas and other cargoes.

British retailers get a boost from World Cup and sunny weather

The underlying consumer picture is also showing signs of stabilising, after households spent the early months of the US-Iran war stockpiling fuel.

Asia growth improves but Asian Development Bank warns of persistent headwinds

Strong demand for semiconductors tied to AI investment has helped cushion the impact of higher energy prices, particularly in advanced Asian economies.

Trump says Iran has told US no tolls being sought for Strait of Hormuz passage

Ships have begun sailing through the Strait of Hormuz under a new scheme by the UN’s shipping agency.

Japan PM Takaichi’s Cabinet support rate dips to 55.8%, lowest since she took office

Takaichi’s Cabinet disapproval rate also rose 1.1 points to 27.9 per cent during the two-day survey from June 20.

Pakistan’s mango exports shrink as Middle East war impacts linger

Known in South Asia as the “king of fruits”, Pakistan grows over two dozen varieties of mango that normally earn around US$110 million in international sales a year.

News analysis

How deal with US could reconnect Iran to the global economy

Iran has threatened to start collecting money from the thousands of cargo ships that sail through the Strait of Hormuz each year.

Trump's Iran war weighs on G7 economies, but don't expect hard talk in France

FILE PHOTO: German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, U.S. President Donald Trump, French President Emmanuel Macron, Ukrainian President Volodymyr Zelenskyy and Japan’s Prime Minister Sanae Takaichi during a working session at the G7 summit in Evian-les-Bains, France, June 16, 2026. Thibault Camus/Pool via REUTERS/File Photo

How a cup of tea tells the story of globalisation

In this age of globalisation, people need to see governments addressing their insecurities, protecting their livelihoods, dignity and way of life, says Health Minister Ong Ye Kung.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.