World Economy
Last update : 01 November 2026, Sunday / 11:11
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French economy shrinks 0.1% in third quarter as investment falls: Insee
France's national statistics office Insee reported on Friday that the economy contracted by 0.1 percent during the third quarter of 2026, marking the second quarterly decline this year as weak investment and declining production offset modest gains in household spending across the eurozone's second-largest economy.
30 October 2026

D-8 and COMSATS sign MoU on science and technology cooperation
The D-8 Organization for Economic Cooperation and COMSATS, a 27-member science and technology commission for the South, have signed a memorandum of understanding in a virtual ceremony. The deal sets out cooperation in six areas, from food security and cybersecurity to energy and public health, and builds on six shared member states, including Türkiye.
29 October 2026

D-8 chief urges sustainable investment at UNCTAD forum in Doha
D-8 Secretary-General Ambassador Sohail Mahmood spoke on three panels at the 9th UNCTAD World Investment Forum in Doha, urging sustainable investment, modernised investment treaties and stronger South-South cooperation. On the sidelines he met ministers from Pakistan and Egypt, along with officials from the ICDT and ITU, to discuss the bloc’s US$500 billion intra-trade target, trade agreement implementation and digital cooperation.
29 October 2026

Afghan returnees face jobs crisis as six million return
More than six million Afghans have returned from Iran and Pakistan in the past three years amid deportation drives, intensifying competition for scarce jobs and housing in a country already facing severe food insecurity, drought, and rental prices that have surged by up to 150 percent, according to local officials and UN data.
28 October 2026

UK defense chief urges readiness for cyberattack disruptions
UK Defence Secretary Wes Streeting called on British households and businesses Thursday to prepare for potential supply chain disruptions from cyberattacks or hostile state actors, launching a new "be ready" campaign to bolster national resilience against emerging digital and logistical threats.
23 October 2026

19th Verona Eurasian Economic Forum opens in Istanbul
The 19th Verona Eurasian Economic Forum opened Thursday in Istanbul's Çırağan Palace, bringing together political, diplomatic and business representatives from more than 30 countries to examine challenges facing the global economy and assess opportunities for regional cooperation amid shifting geopolitical dynamics.
23 October 2026

Türkiye economy grew 5.5% annually over 23 years
Necmeddin Bilal Erdogan said Türkiye has averaged 5.5% annual GDP growth over the past 23 years despite persistent regional crises, telling the Verona Eurasian Economic Forum in Istanbul that Ankara is positioning itself to help shape a more peaceful and equitable multipolar world order.
23 October 2026

UK poised to approve Jackdaw gas field in North Sea
The British government will announce its decision on the Jackdaw gas field in the North Sea on Wednesday morning, with Energy Secretary Miatta Fahnbulleh expected to address lawmakers as Prime Minister Andy Burnham signals support for expanded domestic drilling.
21 October 2026

Musk ordered Starlink slowdown hitting Ukraine military
SpaceX founder Elon Musk ordered a slowdown of military-grade Starlink services used by Ukrainian forces last week, capping speeds and rendering some drones virtually useless while sparking panic in Kyiv and causing confusion within the Trump administration, according to The Wall Street Journal.
21 October 2026

Yemen's central bank freezes assets of 135 Houthi-linked individuals
The Aden-based Central Bank of Yemen ordered financial institutions Tuesday to freeze accounts and assets belonging to 135 individuals and entities linked to the Houthi group, implementing a public prosecutor's October directive aimed at cutting off funding channels and banning all commercial dealings with the Iran-backed movement.
21 October 2026

World on track for 2.6C warming as climate action falls short: UN
The United Nations warned on Wednesday that global climate commitments are falling "dangerously short" of Paris Agreement goals, putting the world on track for 2.6 degrees Celsius of warming this century as emissions remain at record levels and major economies fail to deliver promised cuts.
21 October 2026

D-8 chief seeks stronger ties with OIC and global partners
Developing-8 Organization for Economic Cooperation Secretary-General Sohail Mahmood held diplomatic meetings with officials from Bangladesh, Egypt, Indonesia and Iraq during the 52nd session of the Organisation of Islamic Cooperation’s Council of Foreign Ministers in Baghdad on October 17–18. Discussions focused on economic cooperation, trade, investment and preparations for the 12th D-8 Summit in Indonesia in early 2027, alongside efforts to deepen engagement with the OIC and the United Nations.
20 October 2026

D-8 calls for stronger trade ties at Indonesia business forum
The Developing-8 Organization for Economic Cooperation (D-8) has called for stronger trade and investment links among its nine member states at a business forum in Indonesia. Secretary-General Sohail Mahmood outlined the organisation’s goal of increasing intra-D-8 trade from $157 billion in 2024 to $500 billion by 2030, highlighting trade facilitation, halal industry cooperation and private-sector engagement as key priorities.
20 October 2026

German crude oil import value surges 21.7% in first eight months
The Federal Statistical Office said on Tuesday that Germany's crude oil import bill jumped 21.7% year-on-year to reach $33.6 billion in the first eight months of 2026, even as purchase volumes edged 0.6% lower amid elevated prices triggered by ongoing Middle East conflict.
20 October 2026

EU construction output rises 2.6% year-on-year in August
Eurostat said construction production in the euro area rose 1.4% year-on-year in August 2026 while the broader EU recorded a 2.6% annual increase, with monthly figures showing divergent trends between declining building activity and expanding specialized construction sectors among member states.
20 October 2026




