Singapore maintained its 2026 gross domestic product (GDP) growth forecast at 2 to 4 per cent despite significantly higher downside risks arising from the US-Israel-Iran conflict, the Ministry of Trade and Industry (MTI) said on 25 May 2026. In its latest economic survey report, MTI said the Singapore economy performed better than expected in the first…
NEW DELHI: Parliamentary Standing Committee on Transport, Tourism, and Culture, chaired by Janata Dal (United) leader Shri Sanjay Kumar Jha, will meet today. It will hear views of Secretary, Ministry of Ports, Shipping and Waterways, on the subject ‘Implications of the West Asia Crisis on India’s Maritime Trade, Shipping Infrastructure and Seafarer Safety.’ Representatives from…
For decades, hotels around the world invested heavily in improving the guest experience, from online bookings and digital check-ins to smart rooms and personalized travel apps. But behind the scenes, many hotel operators still relied on spreadsheets, phone calls, PDFs and manual paperwork to manage billions of dollars in purchasing and financial operations. While travelers…
The United States’ decision to tighten restrictions again on Russian seaborne oil may seem like another chapter in the sanctions battle over the Ukraine war. But beneath the headlines lies a much larger story — one that directly affects India and much of the developing world. The issue is no longer just Russia. It is…
A Parliamentary panel will meet on Monday to look into the impact of the West Asia crisis on India’s maritime trade and seafarer safety. The department-related Parliamentary Standing Committee on Transport, Tourism and Culture has called the Secretary, Ministry of Ports, Shipping and Waterways for the discussion. The members of the panel would discuss the…
“Liad Agmon only said out loud what the entire industry has been whispering,” senior figures in the Israeli tech sector admit when referring to the strengthening of the shekel, which is weighing on them. Israel’s growth engine, responsible for 25% of tax revenues and 20% of GDP, has gone through three unprecedented years that began…
The U.S.-Israel war with Iran and the closure of the Strait of Hormuz have inflicted severe damage on the global economy and exposed the vulnerability of traditional energy and trade routes. This disruption, combined with the threat of a Houthi blockade in the Red Sea, has intensified concerns over the security and reliability of existing…
( May 24, 2026 / JNS ) Leaders from Israel’s high-tech and business sectors gathered at the Tower of David Jerusalem before Shavuot for a benefit supporting trauma rehabilitation programs for Israelis affected by the war, reflecting growing efforts by the private sector to address the country’s mounting mental health challenges. The event raised funds…
For centuries, control over trade routes has shaped the rise and fall of empires, determined economic power, and influenced global politics. Today, maritime trade remains the foundation of the world economy, with roughly 80 to 90 percent of global trade moving through sea routes. However, growing geopolitical tensions, wars, sanctions, climate change, piracy risks, and…
Meta (formerly Facebook) recently announced that it was laying of 10% of its workforce worldwide — about 8,000 employees. The company also announced that 7,000 employees would be transferred to new positions related to AI. As previously reported by “Globes,” more than 100 employees out of 1,000 Meta employees in Israel will lose their jobs….
