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Speaking at the Mansion House Financial and Professional Services dinner on Thursday (15 November), the governor urged Chancellor Rachel Reeves to «welcome opportunities to rebuild» post-Brexit relations with the continent. «Now, as I have said many times, as a public official I take no position on Brexit per se. That is important. But I do have to point out consequences. The changing trading relationship with the EU has weighed on the level of potential supply,» he said.  «The impact on trade seems to be more in goods than services, that is not particularly surprising to my mind. But...

The quarterly gross domestic product figure published by the Office for National Statistics today (15 November) compared with an expansion of 0.5% in the second quarter and came in below economist consensus for 0.2% growth. Production fell by 0.5% in September, mostly as a result of a decline in manufacturing output. This marked a significant departure from August, when that figure stood at 0.5%. Overall, the sector recorded a 0.2% decline over the three months to September. Similarly, services output notched up just 0.1% in the third quarter, but monthly figures for September showed ...

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Subscribe to enjoy similar stories. As the world ages, governments face the challenge of not only adapting their civil service to new structural changes to ensure the quality of public services but also ensuring businesses and societies adjust to this demographic trend. While public servants are rarely viewed as a workforce of their own, they make up among the largest workforces in the world.

polished lab-grown diamonds. In October 2024, the exports of gems and jewellery reached USD 2,998.04 million (Rs. 25,194.41 crores), marking a growth of 9.18% in dollar terms and 10.23% in rupee terms, compared to USD 2,746.09 million (Rs. 22,857.16 crores) in October 2023, according to figures released by Gem & Jewellery Export Council (GJEPC) today. Cut and polished diamonds led the recovery in October 2024, with gross exports reaching USD 1,403.59 million (Rs. 11,795.83 crores), marking a growth of 11.32% in dollar terms and 12.39% in rupee terms compared to USD 1,260.91 million (Rs.10,495.06 crores) in October 2023. Commenting on the export growth, Vipul Shah, Chairman, of GJEPC, said, «Notably, the export of cut and polished grew 11.32% compared to October 2023. We are optimistic that this trend will continue, especially with the approaching holiday season in the West, which will likely drive further demand for gems and jewellery. Furthermore, the GJEPC is making concerted efforts to expand into new markets while strengthening demand in existing ones.”

Figures released Friday show U.K. economic growth slowed down sharply in the third quarter of the year

Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up

Asian shares are mostly higher after U.S. stocks slipped as the rally following Trump’s election victory cooled further

Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb

The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels

Subscribe to enjoy similar stories. Donald Trump is not India’s No. 1 problem.

Subscribe to enjoy similar stories. SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. China is grappling with an epic property collapse, and local governments are wobbling under trillions of dollars of debt.

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in remarks prepared for delivery at a talk in Dallas on Thursday.

Donald Trump is not India’s No. 1 problem. At least not right now. His hawkish trade policy may well emerge as an outsize threat to supply chains and global growth. But a bigger, more immediate worry for the central bank in Mumbai is tomatoes. Or, to be more specific, a 161% jump last month in tomato prices — due to late and heavy rainfall — from a year ago. With potatoes and onions also becoming dearer, food expenses are out of control. The average cost of a homecooked meal in October — a standard fare of rice, roti, dal, veggies, salad and yoghurt — was the steepest in 14 months, according to CRISIL, an affiliate of S&P Global Inc. The chances of a December rate cut by the Reserve Bank of India were dimming even before the US election. But with inflation spiking above the upper end of the central bank’s tolerance range of 2%-6%, many analysts are ruling out monetary easing before the start of the next financial year in April. By which time, the next American president’s policies would have started to have an effect, particularly on the exchange rate.

BEIJING — China on Friday reported strong growth in retail sales and a steep decline in real estate investment in October, signaling that the country's recent stimulus push has already bolstered certain sectors of its flagging economy.

Subscribe to enjoy similar stories. The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption, although the pace slowed amid the impact of natural disasters during the summer. Japan’s gross domestic product expanded 0.2% in the three months to September from the previous quarter, preliminary government data showed Friday.

October industrial output grew 5.3% from a year earlier, slowing from September's pace of 5.4%, reflecting concern about confidence and demand woes confronting a sluggish economy and keeping alive calls for even more stimulus. Data released on Friday by the National Bureau of Statistics missed expectations for a rise of 5.6% in a Reuters poll of 43 analysts. Retail sales, a gauge of consumption, grew 4.8% in October, up from a 3.2% increase in September. Analysts had forecast retail sales to expand 3.8%.

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates.

frugal innovation and it can use the millennium-old Vedic wisdom to build the frugal economy that truly benefits people, society and the planet, Navi Radjou, management thinker and author of 'The Frugal Economy' said at the event. «Let's apply the three Dharmic principles of cooperation, distribution and regeneration to achieve both Atmanirbhar Bharat (self-reliant India) and Viksit Bharat (developed India),» he said. The Puducherry-born author said that Indians need to bravely stretch the limits of imagination to develop the country.

Of the 22% of participants who responded to the survey after the election results were announced, 23% expect stronger global growth, compared to the full month's results of -4% and up from -10% in October.  The percentage of fund managers expecting a stronger US economy was 28% among the post-election respondents, -15% for the full month of November and -22% in October.  What is next for the US after Donald Trump's re-election? An acceleration in China's growth and US tax cuts were picked as the most bullish developments, while an unpredictable surge in bond yields and a global tra...