December 31, 2025

Saudi Arabia Launches Four-Tier Sugar Tax on Soft Drinks from January 1

Starting January 1, Saudi Arabia will tax sweetened beverages based on their sugar content, replacing the old flat 50% tax. High-sugar drinks will be more expensive, while low or sugar-free drinks get cheaper, aiming to promote healthier options and align with GCC health plans.

December 31, 2025

India Slaps 3-Year Import Tariff on Steel to Fight Cheap Chinese Imports

India has set a three-year import tariff on certain steel products, starting at 12% in year one to curb cheap steel from China. The tariff gradually lowers to 11% by year three, excluding specialty steel and imports from some developing nations.

December 31, 2025

Tamil Nadu Debt Surpasses Uttar Pradesh but Economy Remains Strong and Growing

Tamil Nadu's outstanding debt is now higher than Uttar Pradesh's in absolute terms. But when measured against the economy size, Tamil Nadu's debt is lower and on a downward trend. The state shows strong fiscal health with steady growth and smart investments fueling its future.

December 31, 2025

Massive Bank Heist in Gelsenkirchen Steals Up to 90 Million Euros from Vault

Thieves broke into a German bank vault in Gelsenkirchen and stole property worth between 10 and 90 million euros. About 2,700 customers were affected. Police found a hole in the vault wall and police are investigating masked suspects seen nearby.

December 31, 2025

India Becomes 4th Largest Economy, Eyes 3rd Spot by 2030

India's economy hits $4.18 trillion, overtaking Japan to become the world's 4th largest. Strong GDP growth and reforms fuel hopes of surpassing Germany by 2030.