The Taxman Cometh from Beijing

China's global hunt for billions in unpaid taxes is rewriting the rules for its wealthy citizens. Just after the Lunar New Year in 2026, a Shenzhen-based family office manager began fielding a new, unwelcome kind of call from his clients. Chinese tax authorities were asking them to settle liabilities on overseas capital gains—some dating back to 2017, others as far as 2000.

economy.com.pk

The Taxman Cometh from Beijing

China's global hunt for billions in unpaid taxes is rewriting the rules for its wealthy citizens. Just after the Lunar New Year in 2026, a Shenzhen-based family office manager began fielding a new, unwelcome kind of call from his clients. Chinese tax authorities were asking them to settle liabilities on overseas capital gains—some dating back to 2017, others as far as 2000.

economy.com.pk

New Nonstop Flight Routes 2026: How Ultra-Long-Haul Aviation Is Rewiring Global Travel

Global aviation is undergoing a structural shift in 2026 as airlines roll out nonstop routes that bypass traditional transit hubs entirely, connecting cities including New York, London, Singapore, Sydney, Bengaluru, Zurich, Kolkata, and Shanghai directly for the first time, according to Travel And Tour World's coverage. The expansion is being driven by advances in aircraft range and a sustained rise in demand for direct international travel that lets passengers skip connecting-flight friction altogether.

thetribune.asia

New Nonstop Flight Routes 2026: How Ultra-Long-Haul Aviation Is Rewiring Global Travel

Global aviation is undergoing a structural shift in 2026 as airlines roll out nonstop routes that bypass traditional transit hubs entirely, connecting cities including New York, London, Singapore, Sydney, Bengaluru, Zurich, Kolkata, and Shanghai directly for the first time, according to Travel And Tour World's coverage. The expansion is being driven by advances in aircraft range and a sustained rise in demand for direct international travel that lets passengers skip connecting-flight friction altogether.

thetribune.asia

How Indonesia Is Nationalising Its Nickel and Coal Trade

Indonesia has begun transferring control of its key commodity export transactions from private companies to its sovereign wealth fund, in a move one outlet described as jolting China with what amounts to a "hostile takeover" of strategic trade flows. From June through August 2026, private firms are expected to hand over their import and export transactions to Danantara, which should be managing all foreign trade transactions in these commodities by September, according to…

thetribune.asia

How Indonesia Is Nationalising Its Nickel and Coal Trade

Indonesia has begun transferring control of its key commodity export transactions from private companies to its sovereign wealth fund, in a move one outlet described as jolting China with what amounts to a "hostile takeover" of strategic trade flows. From June through August 2026, private firms are expected to hand over their import and export transactions to Danantara, which should be managing all foreign trade transactions in these commodities by September, according to…

thetribune.asia

Pakistan IMF Program 2026: Inside the Push Toward an Interest-Free Economy

Pakistan is running two demanding reform programs at once, and they don't obviously fit together. On one track, the IMF is pressing for stricter fiscal controls, expanded tax collection, and continued tight monetary policy under its Extended Fund Facility. On the other, Pakistan's own constitution now mandates the removal of "riba" — interest — from the economy entirely, with a deadline set for January 2028, following a constitutional amendment passed in October 2024, according to…

economy.com.pk

Pakistan IMF Program 2026: Inside the Push Toward an Interest-Free Economy

Pakistan is running two demanding reform programs at once, and they don't obviously fit together. On one track, the IMF is pressing for stricter fiscal controls, expanded tax collection, and continued tight monetary policy under its Extended Fund Facility. On the other, Pakistan's own constitution now mandates the removal of "riba" — interest — from the economy entirely, with a deadline set for January 2028, following a constitutional amendment passed in October 2024, according to…

economy.com.pk

Pakistan IMF Program 2026: Inside the Push Toward an Interest-Free Economy

Pakistan is running two demanding reform programs at once, and they don't obviously fit together. On one track, the IMF is pressing for stricter fiscal controls, expanded tax collection, and continued tight monetary policy under its Extended Fund Facility. On the other, Pakistan's own constitution now mandates the removal of "riba" — interest — from the economy entirely, with a deadline set for January 2028, following a constitutional amendment passed in October 2024, according to…

economy.com.pk

How Indonesia Is Nationalising Its Nickel and Coal Trade

Indonesia has begun transferring control of its key commodity export transactions from private companies to its sovereign wealth fund, in a move one outlet described as jolting China with what amounts to a "hostile takeover" of strategic trade flows. From June through August 2026, private firms are expected to hand over their import and export transactions to Danantara, which should be managing all foreign trade transactions in these commodities by September, according to…

thetribune.asia

How Indonesia Is Nationalising Its Nickel and Coal Trade

Indonesia has begun transferring control of its key commodity export transactions from private companies to its sovereign wealth fund, in a move one outlet described as jolting China with what amounts to a "hostile takeover" of strategic trade flows. From June through August 2026, private firms are expected to hand over their import and export transactions to Danantara, which should be managing all foreign trade transactions in these commodities by September, according to…

thetribune.asia

Russia Oil Revenue 2026: How Sanctions on Rosneft and Lukoil Are Draining the War Chest

Russia's oil and gas revenue fell 22% in the first eleven months of 2025, and the pressure has only intensified since the United States imposed primary sanctions on Rosneft and Lukoil in October 2025, according to the Atlantic Council's Russia Sanctions Database. Moscow is now rerouting exports through smaller companies to work around the sanctions, even as its military-industrial base continues expanding — Russia claims to have localized nearly 90% of drone manufacturing.

economy.com.pk

Russia Oil Revenue 2026: How Sanctions on Rosneft and Lukoil Are Draining the War Chest

Russia's oil and gas revenue fell 22% in the first eleven months of 2025, and the pressure has only intensified since the United States imposed primary sanctions on Rosneft and Lukoil in October 2025, according to the Atlantic Council's Russia Sanctions Database. Moscow is now rerouting exports through smaller companies to work around the sanctions, even as its military-industrial base continues expanding — Russia claims to have localized nearly 90% of drone manufacturing.

economy.com.pk

Canada US Trade War 2026: Inside Carney’s Push to Cut Ties With Trump’s Tariffs

Canadian Prime Minister Mark Carney said he and US President Donald Trump have agreed to "intensify" trade negotiations, but the détente followed one of the more jarring tariff threats of the year: a plan for 50% tariffs on a wide range of Canadian imports, framed by Washington as retaliation over the treatment of US-made cars, alcohol, and dairy, according to…

economy.com.pk

Canada US Trade War 2026: Inside Carney’s Push to Cut Ties With Trump’s Tariffs

Canadian Prime Minister Mark Carney said he and US President Donald Trump have agreed to "intensify" trade negotiations, but the détente followed one of the more jarring tariff threats of the year: a plan for 50% tariffs on a wide range of Canadian imports, framed by Washington as retaliation over the treatment of US-made cars, alcohol, and dairy, according to…

economy.com.pk

China Deflation 2026: Why Ten Straight Quarters of Falling Prices Won’t End

China has now recorded roughly ten consecutive quarters of deflationary pressure — the longest such stretch since the country's transition to a market economy in the late 1970s, according to Statistics of the World's analysis of China's 2026 economy. Consumer price inflation averaged 0% in 2025 and is forecast at just 0.8% in 2026, far below Beijing's 2% target, even as the economy's headline GDP figure remains large — an apparent contradiction that says more about where the growth is coming from than about underlying demand.

thetribune.asia

China Deflation 2026: Why Ten Straight Quarters of Falling Prices Won’t End

China has now recorded roughly ten consecutive quarters of deflationary pressure — the longest such stretch since the country's transition to a market economy in the late 1970s, according to Statistics of the World's analysis of China's 2026 economy. Consumer price inflation averaged 0% in 2025 and is forecast at just 0.8% in 2026, far below Beijing's 2% target, even as the economy's headline GDP figure remains large — an apparent contradiction that says more about where the growth is coming from than about underlying demand.

thetribune.asia

Malaysia’s AI Data Centre Boom Hits a Wall Made of Water and Electricity

Malaysia's data centre market has become one of Southeast Asia's fastest-growing digital infrastructure stories, projected to nearly double from $6.14 billion in 2025 to $11.4 billion by 2031, a 10.8% compound annual growth rate, according to ResearchAndMarkets' analysis. But the pace of that expansion has now collided with physical limits Malaysia cannot simply build its way past. The government has already started rationing growth…

thetribune.asia

Malaysia’s AI Data Centre Boom Hits a Wall Made of Water and Electricity

Malaysia's data centre market has become one of Southeast Asia's fastest-growing digital infrastructure stories, projected to nearly double from $6.14 billion in 2025 to $11.4 billion by 2031, a 10.8% compound annual growth rate, according to ResearchAndMarkets' analysis. But the pace of that expansion has now collided with physical limits Malaysia cannot simply build its way past. The government has already started rationing growth…

thetribune.asia

UK Non-Dom Exodus 2026: How Singapore and Dubai Are Absorbing Britain’s Millionaires

The end of the UK's non-domicile tax status is doing more than reshaping Britain's tax base — it is actively rerouting global private wealth toward Singapore and the UAE. The Henley Private Wealth Migration Report forecasts a net loss of around 16,500 millionaires from the UK in 2025 alone, one of the largest single-year outflows on record, according to IQ-EQ Singapore's 2026 family office predictions…

thetribune.asia

UK Non-Dom Exodus 2026: How Singapore and Dubai Are Absorbing Britain’s Millionaires

The end of the UK's non-domicile tax status is doing more than reshaping Britain's tax base — it is actively rerouting global private wealth toward Singapore and the UAE. The Henley Private Wealth Migration Report forecasts a net loss of around 16,500 millionaires from the UK in 2025 alone, one of the largest single-year outflows on record, according to IQ-EQ Singapore's 2026 family office predictions…

thetribune.asia

Canada US Trade War 2026: Inside Carney’s Push to Cut Ties With Trump’s Tariffs

Canadian Prime Minister Mark Carney said he and US President Donald Trump have agreed to "intensify" trade negotiations, but the détente followed one of the more jarring tariff threats of the year: a plan for 50% tariffs on a wide range of Canadian imports, framed by Washington as retaliation over the treatment of US-made cars, alcohol, and dairy, according to…

economy.com.pk

Rachel Reeves’s £25 Billion Problem: What the Autumn Budget Gap Means for Britain

Britain's economy is growing again — just not fast enough to spare Chancellor Rachel Reeves from another difficult budget. The UK expanded by roughly 0.1% in August, keeping the economy on track for about 0.2% growth in the third quarter, but that modest rebound won't be enough to close a fiscal hole opening beneath the government's plans, according to analysis from…

economy.com.pk

Rachel Reeves’s £25 Billion Problem: What the Autumn Budget Gap Means for Britain

Britain's economy is growing again — just not fast enough to spare Chancellor Rachel Reeves from another difficult budget. The UK expanded by roughly 0.1% in August, keeping the economy on track for about 0.2% growth in the third quarter, but that modest rebound won't be enough to close a fiscal hole opening beneath the government's plans, according to analysis from…

economy.com.pk

Rachel Reeves’s £25 Billion Problem: What the Autumn Budget Gap Means for Britain

Britain's economy is growing again — just not fast enough to spare Chancellor Rachel Reeves from another difficult budget. The UK expanded by roughly 0.1% in August, keeping the economy on track for about 0.2% growth in the third quarter, but that modest rebound won't be enough to close a fiscal hole opening beneath the government's plans, according to analysis from…

economy.com.pk

Inside the Fed’s Most Divided Vote in Years: Why Warsh Held the Line on Rates

The Federal Reserve's rate-setting committee held its benchmark borrowing rate steady on July 29, keeping it in a range of 3.5% to 3.75% — but the calm on the surface masked one of the most contested votes of the post-pandemic era. The Federal Open Market Committee split 9 to 3, with three members pushing to raise rates rather than hold, according to…

economy.com.pk

Inside the Fed’s Most Divided Vote in Years: Why Warsh Held the Line on Rates

The Federal Reserve's rate-setting committee held its benchmark borrowing rate steady on July 29, keeping it in a range of 3.5% to 3.75% — but the calm on the surface masked one of the most contested votes of the post-pandemic era. The Federal Open Market Committee split 9 to 3, with three members pushing to raise rates rather than hold, according to…

economy.com.pk

Inside the Fed’s Most Divided Vote in Years: Why Warsh Held the Line on Rates

The Federal Reserve's rate-setting committee held its benchmark borrowing rate steady on July 29, keeping it in a range of 3.5% to 3.75% — but the calm on the surface masked one of the most contested votes of the post-pandemic era. The Federal Open Market Committee split 9 to 3, with three members pushing to raise rates rather than hold, according to…

economy.com.pk

Inside the Fed’s Most Divided Vote in Years: Why Warsh Held the Line on Rates

The Federal Reserve's rate-setting committee held its benchmark borrowing rate steady on July 29, keeping it in a range of 3.5% to 3.75% — but the calm on the surface masked one of the most contested votes of the post-pandemic era. The Federal Open Market Committee split 9 to 3, with three members pushing to raise rates rather than hold, according to…

economy.com.pk

Pakistan Passed Its Third IMF Review

The IMF's Executive Board completed Pakistan's third review of its 37-month Extended Fund Facility (EFF) and second review of its Resilience and Sustainability Facility (RSF) on May 8, 2026, unlocking roughly $1.1 billion under the EFF and $220 million under the RSF, according to the IMF's official statement. Total disbursements under both arrangements now stand at roughly $4.8 billion. Acting Chair Nigel Clarke credited Pakistan's "strong program implementation" for supporting macroeconomic recovery and building resilience to shocks.

economy.com.pk