Global economy

AI has potential to lift global growth by half a percentage point annually: IMF chief

IMF managing director Kristalina Georgieva (right) at an Oct 7 fireside discussion with President Tharman Shanmugaratnam and moderator and economics professor Danny Quah.

Record imports push US trade balance deep into the red in August

US imports increased 4.3% to an all-time high of US$420.8 billion (S$538 billion) in August.

IMF warns cost-of-living shocks cause ‘lasting deterioration’ in affordability

The Iran war has led to a spike in oil prices and has pushed global inflation.

US ‘severely disappointed’ in lack of G-20 consensus on overproduction

US trade representative Jamieson Greer speaks at a news conference during the G-20 trade ministerial in Milwaukee, Wisconsin, on Oct 1.

What the West misses when it judges China’s dogged AI pursuit

Foreign Minister Vivian Balakrishnan after delivering Singapore’s national statement at the UN General Assembly in New York.

The perils of productivity numbers

Using a new methodology, the Office for National Statistics now reckons the UK’s output per hour worked grew by 1.3 per cent per year on average between 2009 and 2019.

EU's Kallas says Red Sea mission needs more than 10 warships

FILE PHOTO: EU European Commission Vice-President Kaja Kallas delivers a joint statement with Philippines Foreign Secretary Theresa Lazaro (not pictured) on the Enhanced Partnership between the Philippines and the European Union, on the sidelines of the ASEAN Foreign Ministers' Meeting at the Philippine International Convention Center on July 24, 2026 in Pasay, Metro Manila, Philippines. Ezra Acayan/Pool via REUTERS/File Photo

Costa Rica joins digital trade agreement founded by Singapore, New Zealand and Chile

(From left) Then South Korean Trade Minister Yeo Han-koo, Costa Rican Foreign Trade Minister Indiana Trejos, New Zealand Minister for Trade and Investment Todd McClay, Singapore’s Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Chile’s Undersecretary for International Economic Relations Paula Estevez during the presentation of Costa Rica’s Instrument of Accession in Auckland.

More support for Singapore firms in the US as EnterpriseSG opens Boston office

(From left) Donald Wright, Boston interim chief, office of economic opportunity and inclusion; Eric Paley, Massachusetts Secretary of Economic Development; Edwin Tong, Singapore’s Minister for Law and Second Minister for Home Affairs; Cindy Khoo, managing director of Enterprise Singapore; Yi-An Huang, Cambridge city manager; Lui Tuck Yew, Singapore’s Ambassador to the US; and James E. Rooney, president and chief executive of Greater Boston Chamber of Commerce, at the launch of Enterprise Singapore’s Boston Overseas Office.

Cuba rolls out more free-market reforms amid US pressure

The changes are aimed at making the island’s white-sand beaches, workers and real estate more accessible to foreign and national investors.

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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.