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Subscribe to enjoy similar stories. Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money.

Subscribe to enjoy similar stories. US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." As 2024 ends, we can see why that’s so.

Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. In a post on his Truth Social site Tuesday, Trump said anyone making a $1 billion investment in the United States «will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.» «GET READY TO ROCK!!!» he added.

Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. The multilateral development bank has also lowered India's growth forecast for 2025-26 financial year. Changes in US trade, fiscal, and immigration policies could dent growth and add to inflation in developing Asia and the Pacific, according to the latest edition of Asian Development Outlook (ADO). The report also said Asia and the Pacific's economies are projected to grow 4.9 per cent in 2024, slightly below ADB's September forecast of 5 per cent.

Subscribe to enjoy similar stories. If technology is the new oil, who should steer the oil-tankers? Can India afford to drift without an artificial intelligence (AI) captain in the age of AI? Incoming US President Donald Trump has announced the appointment of former Paypal executive David Sacks as a “crypto and AI czar" to guide policy. The message is clear: governing AI and generating commercial value from AI innovations is an urgent need for global supremacy.

«There is no doubt again some amount of tightness in the market in terms of employability in IT, but you have to keep in mind the statement like Mr Sundar Pichai's that says that 25% of the coding is now being done by the AI that they have developed,» says Anand Tandon, Independent Analyst Let us begin by discussing the IT pack itself. This morning, HSBC was talking about how there is an expectation of a recovery in terms of spends going forward. What is your take? Is this a sector which can provide that outperformance or is it going to be that 8% to 15% kind of growth and one is not sure whether they want to pay a multiple of 30 times for that? Anand Tandon: If they deliver 15% growth, it will be fantastic. Most companies are still looking at single digit, maybe just about double-digit kind of growth numbers, and there is nothing that I see on the horizon which predicts that there will be a sharp increase. The IT outlook in the US may have improved, but it is not necessarily for IT services business as such.

Gold prices nudged higher to touch a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next week, ahead of a closely watched U.S. inflation report.

U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea

U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation

Nifty IT Index hit an all-time high on Tuesday after brokerage HSBC said that it expects growth to rise to 6-7% in FY26 — from 3-4% in the past two years — led by a recovery in the US market. The IT index gained 0.8% and closed at record levels while the benchmark Nifty closed marginally lower. LTI Mindtree and Mphasis gained 3% and 2.4% respectively. Persistent Systems, HCL Technologies, Wipro and Infosys advanced over 1% each. Out of the 10 stocks in the IT Index, 8 advanced while 2 declined on Tuesday.

Sai Life Science (SLSL), a contract research, development and manufacturing organisation (CRDMO), is rolling out an IPO of ₹3,043 crore comprising a fresh issue of ₹950 crore and an offer for sale of ₹2,093 crore. The issue gives a partial exit to private equity investors TPG Asia and HBM. The promoter share will be diluted from 41.8% to 35.2%. The issue proceeds are going to be used for repayment of borrowings.

Luigi Mangione, the man arrested in connection with the killing of UnitedHealthcare CEO Brian Thompson, is expected to fight extradition to New York where he has been charged with murder.Speaking with reporters on Tuesday evening, following a court appearance earlier that afternoon, defence lawyer Thomas Dickey said he had advised his client Mangione to not waive extradition and to plead not guilty to charges he faces in Pennsylvania and New York.“I haven’t seen any evidence that says he’s the shooter,” he said. “The fundamental concept of American justice is a presumption of innocence until you’re proven guilty beyond reasonable doubt, and I’ve seen zero evidence at this point.”Prior to Tuesday’s hearing, video showed Mangione in an orange jumpsuit as he was led into the court building.

Finance Minister Chrystia Freeland says she will deliver the overdue fall economic statement on Monday, just a day before the House of Commons’ last sitting day of Dec. 17. Why the delay? I’m not buying the lame stated excuse that filibusters have been the cause. Instead, this is a continuing display of this government’s overall incompetence.

A flurry of satirical articles and angry comebacks followed U.S. president-elect Donald Trump’s recent crack about making Canada the 51st state.

Cleopatra’s presumed burial site in Egypt has sparked debates among experts. A statue found there is believed to depict the true face of the famous queen, but its identity remains contested.

US Vice President Kamala Harris has been nominated for Time Magazine Person of the Year 2024 while sparking significant online mockery and skepticism due to her recent defeat in the US Presidential Election against Republican Presidential candidate Donald Trump, reported The US Sun. According to The US Sun, the shortlist which eventually includes notable figures such as Donald Trump, Elon Musk and Kate Middleton will see the winner announced on December 12. Several critics on social media have eventually questioned the rationale behind the nomination of Kamala Harris while pointing out that she lost the election and suggesting that the award should go to Donald Trump instead who made a remarkable political comeback. Also Read: Is true face of Cleopatra found? Here’s what an archaeologist claims to have unearthed about famous queen

Europe and West Asia while stretching 745 miles from the northern Turkish border to the southern Persian Gulf in Iraq, reported The Mirror US. According to The Mirror US, this ambitious initiative aims to create a network of roads, railways and ports while enhancing severe connectivity and reducing travel time between Asia and Europe and thereby competing with the Suez Canal. The project will be reportedly build upon the Grand Al Faw Port which will be eventually facilitating the export capabilities of Iraq and is seen as a pivotal step toward diversifying the country's economy beyond oil. Also Read: Is Nissan heading for bankruptcy; will Honda buy the iconic Japanese auto maker? Here's what reports are saying

Britain will provide intelligence to a newly formed unit in Cyprus tasked with preventing Russia evade international sanctions

If you want to get yourself thoroughly depressed, spend a little time looking at statistics about Americans’ retirement preparedness

Alaska Airlines says it will launch service from Seattle to Tokyo and Seoul next year as part of a plan to boost international flying in the next several years