Country Financial News

wholesale prices at the factory level have been falling for 10 months now. This means that there is a slowdown in demand, both domestically as well as internationally. In July, China’s goods exports in US dollar terms fell by 14.5% from July 2022.

banana have doubled from last week and are hovering around ₹100 per kg, as supplies from Tamil Nadu, the top producer of the fruit, have dwindled. Traders blamed middlemen for the price increase, saying that farmers were not getting the right prices for their produce. On the contrary, apple, the other important fruit in Indian households, may not see any upsurge in prices despite production reducing to about half due to heavy rains in Himachal Pradesh and Jammu & Kashmir.

The Teamsters flexed their muscles during contract negotiations with UPS last month, securing pay hikes for drivers and scoring other wins

The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices

Switzerland’s government has lined up with the European Union’s 11th round of sanctions against Russia over its war in Ukraine

The official Dutch statistics office says the Netherlands has fallen into a recession after exports and household spending fell back amid rising interest rates intended to rein in inflation

Lebanese Cabinet ministers say an offshore drilling rig has arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start its search for gas in the coming weeks

Police say a prominent Bulgarian businessman whose rollercoaster career reflected his country’s transition from communism to democracy was shot dead in broad daylight on Wednesday

Indonesia’s president has urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045

A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners

The White House is ramping up its efforts to illustrate the real-world impact of President Joe Biden’s signature climate, health care and tax law

Syria’s president Bashar al-Assad has doubled public sector wages and pensions as the war-torn country’s national currency spiraled further downwards, reaching a new low for the year

Amber, University Living and UniAcco that help students find accommodation near campuses across the world, are targeting 2-3x annual growth in business on soaring demand not just from Indian students going abroad but other international students as well. Companies in this space told ET that while initially they only had Indian study-abroad students, now 70-80% of their base comprises students from international markets, looking for the convenience and support these platforms offer. “The student mobility industry has seen a remarkable recovery since the pandemic, with lots of students going abroad every year,” said Saurabh Arora, CEO of University Living, a global student-housing managed marketplace.

India may not be a jigri dost with amounts to suspicions of planning to, or likely to, commit a cognisable offence, then, it would be best we stay indoors, or abroad. Two college students from Colaba were arrested this week before being released with a warning by Mumbai Police for — wait for it — using Pakistan's Independence Day on August 14 as their Instagram story status.

Finance Minister Nirmala Sitharaman on Wednesday invited Japan Bank for International Cooperation (JBIC) for an active engagement with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other financial institutions citing huge opportunity for investment in the country. During the meeting with JBIC Governor Hayashi Nobumitsu here, both exchanged views on JBIC's recent activities in India contributing towards Japan's investment target of five trillion yen over the next five years. «The Union Finance Minister observed that India has been ranked by the JBIC as one of the most attractive #investment destinations in recent years' survey of Japanese manufacturing companies and encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank, NIIF and lending banks to leverage the strength and complementarities of both countries,» the finance ministry said in a statement posted on X. Japan has agreed to provide 5 trillion yen in public-private investment and loans to India over the next 5 years. This goal was set by both countries during Prime Minister Kishida Fumio's visit to India in March of last year.

Line of Actual Control in the Western Sector. The 19th round of China-India Corps Commander Level Meeting was held at Chushul-Moldo border meeting point on the Indian side from August 13 to 14. A joint press release issued after the two-day talks did not indicate any immediate breakthrough in the disengagement of troops in the remaining friction points.

SSC, in 15 languages so that the youth of the country do not miss any opportunity. This historic decision will give impetus to participation of local youth and encourage regional languages, he said, addressing the 14th Hindi Consultative Committee meeting of the Ministry of Personnel, Public Grievances and Pensions. «It has been recently decided to conduct the government job test in 15 Indian languages so that the language barrier does not let any youth of the country miss the job opportunity,» said Singh, the Minister of State for Personnel.

NEW DELHI : New Delhi and Dhaka are considering the establishment of 16 new border haats to increase the volume of trade between the two countries, according to Smita Pant, a senior diplomat in the Ministry of External Affairs. According to Pant, the two countries have eight haats operational, which are located across a number of northeastern states like Tripura and Meghalaya. Pant was delivering remarks at a conference focused on connectivity between India’s Northeast and Bangladesh, organized by Asian Confluence, a think-tank.

NEW DELHI : East India is likely to witness increase in rainfall activity from Wednesday and over adjoining central India from Thursday as a cyclonic circulation may turn into a low-pressure area over north Bay of Bengal and neighbourhood around Friday, India Meteorological Department said in its latest bulletin. “Light to moderate scattered to widespread rainfall with isolated heavy rainfall activity is very likely over Andaman and Nicobar Islands today and on Thursday; over Odisha until Saturday; over Jharkhand from Wednesday and Friday; West Bengal and Sikkim today and on Thursday.

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NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.