The Foreign Affairs News The Leading News Portal

Economy

Nearly 64% Arab world’s adult still without excess with banking system

15 May 2025 FA News Desk

The African banking system is less developed compared to other major regions globally, with lower financial depth and access. Factors like small national markets, lack of financial literacy, low-income levels, and political instability contribute to this. A new report from the Read More
BYD cars grow in popularity in Singapore

15 May 2025 Justin Ong Guang-Xi

Chinese electric vehicle (EV) maker BYD has overtaken Toyota as the top-selling car in Singapore — and it’s due to a combination of attractive pricing and increasingly positive brand sentiments towards Chinese technology, said drivers and analysts alike. Data by Read More
Global military expenditure on rise

28 Apr 2025 FA News Desk

World military expenditure reached US $ 2,718 billion in 2024. According to Stockholm International Peace Research Institute (SIPRI), this global military expenditure sees the steepest rise for the 10th consecutive year since with an increase of 9.4 per cent compared Read More
Asian economy presents opportunities for sustainable investment

2 Apr 2025 FA News Desk

Asia’s robust economic fundamentals present significant opportunities for scaling financing into sustainable development projects, even amid geopolitical headwinds and trade tensions, said policy and business leaders at the inaugural Hong Kong edition of Unlocking capital for sustainability held on 27 Read More
World Bank’s fund to improve Nepal’s bridge network

31 Mar 2025 FA News Desk

The World Bank (WB) approved a financing package of US $150 million for Nepal’s Third Bridges Improvement and Maintenance Program (BIMP-III) to strengthen the resilience of bridges in the Strategic Road Network, ensuring safer and uninterrupted connectivity across the country’s Read More
Thailand Tourism Festival 2025 kicks off

26 Mar 2025 FA News Desk

Thailand kicked off the 43rd Thailand Tourism Festival 2025. According to the Tourism Authority of Thailand (TAT) press release note, the event starts on 26 March and will end on 30 March between 10:00 and 21:00 hours at the Queen Read More
Arms: Ukraine tops in importer, United States biggest exporter

10 Mar 2025 FA News Desk

Ukraine became the world's largest importer of major arms in the period 2020-24, with its imports increasing nearly 100 times over compared with 2015-19. Ukraine was the only European state among the top 10 importers in 2020-24, although many other Read More
Tourism vision shared at ITB Berlin

7 Mar 2025 FA News Desk

As it celebrates its 50th year, the UN Tourism has returned to ITB Berlin 2025. At Messe Berlin, a UN Tourism Affiliate Member, UN Tourism again served as the bridge between public and private leaders and for the first time Read More
Africa urges huge fund for climate crisis deal

17 Feb 2025 FA News Desk

African Union leaders on Sunday urged a massive increase in climate finance, calling for US $1.3 trillion annually. According to Winston Mwale’s report in Africa Brief & Distory, the summit held at African Union headquarters in Addis Ababa, Ethiopia chaired by Kenyan President Read More
UN Tourism at FITUR 2025

28 Jan 2025 FA News Desk

UN Tourism has returned to the four-day FITUR international trade fair from January 21 to 24 to advance the sector’s shift towards greater accessibility and growth propelled by investments and innovation. Looking to the next 50 years, high-level delegates gathered Read More