Economy Financial News

Subscribe to enjoy similar stories. The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed and in recent days the world’s largest construction project replaced its chief executive of six years.

KP Singh, Chairman Emeritus, DLF, told ET. In a conversation with ET’s Faizan Haidar, Singh talks about current issues plaguing urban development, how this wasn’t his vision for Gurgaon, and planning his succession. Edited excerpts: Q: You have been an advocate for urban planning. How satisfied are you with India’s progress on infrastructure and urban planning? A: I am not satisfied. The test of good urban planning is its ability to accommodate everything related to urban life, enabling citizens to live comfortably and in good health.

Canada’s economy has been falling behind the United States — in fact, most major economies — for some time now, but the election of Donald Trump threatens to widen that record gap even further, say economists.

A Federal Reserve official has given a lengthy defense of the central bank's political independence

British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth

Shares have opened higher in Europe after mostly falling in Asia following a report showing inflation in the U.S. was roughly as expected last month

A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco

For Indian consumers, gold is not just an asset but a cultural staple, deeply ingrained in weddings, festivals, and as a safeguard against economic uncertainty. With gold prices trending lower, those who have weddings lined up in their families are keenly observing this opportunity. «Enquiries at stores have increased due to price fall. We are expecting higher footfalls for upcoming wedding seasons,» said Suvankar Sen, MD & CEO, Senco Gold and Diamonds.

security of the nation. The agricultural sector, which supports over 50% of India’s workforce, is especially vulnerable to land degradation.

At around $1.06, the euro has slumped nearly 5% from more than one-year highs in September when a weakening economic outlook stopped it in its tracks.

Subscribe to enjoy similar stories. MUMBAI : Mutual funds have emerged as an attractive investment vehicle for non-resident Indians (NRIs) keen on participating in India’s booming economy. Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative.

Subscribe to enjoy similar stories. The consumer price index (CPI)—or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s (RBI) upper tolerance limit. Mint looks at what caused this spike, its expected trajectory in the coming months and what it means for interest rates.

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates

Reserve Bank of India (RBI) deputy governor Michael Patra said on Wednesday. «It is estimated that the digital economy currently accounts for a tenth of India's GDP; going by growth rates observed over the past decade, it is poised to constitute a fifth of GDP by 2026,» he said at an event in Jaipur. He acknowledged that rapid digitalisation and the integration of advanced technologies could pose several challenges. «New technologies also involve challenges: disruptions in respect of traditional technologies and the labour market; resource intensity, demanding substantial investment in technology, learning and infrastructure; potential cyber threats and data breaches; ethical concerns, data privacy and potential malicious use,» he said.

Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party’s power in Thursday’s parliamentary election to help him implement his election pledges to solve the country’s economic woes and foster good governance

Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021

Donald Trump’s second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada’s border.

By Dylan Smith

Donald Trump coming back to the White House, one such big swings may be on the cards. The economic policies proposed by the US-President elect look set to help the US economy, it might spell trouble for the rest of the world, reports The Economist. Trump laid out a broad array of ideas aimed at providing tax relief, cutting prices, hiking tariffs and strengthening the economy, which ranks at the top of voters’ concerns. However, what parts of economic agenda Trump implements is still unclear, but the unsteadiness in the American stock market is enough to give us a clue what the investors expect (the S&P 500, an index of large American firms, hit successive records on November 6, 7 and 8). ALSO READ: Donald Trump is back: What it would mean for US economy and rest of the world

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.

Donald Trump emerged victorious in the US Presidential elections, and as soon as he comes to power following the end of Biden's tenure, his proposed set of economic plans will begin seeing the green light, and according to a Wall Street strategist, some of it could make the possibility of a US recession a harsh reality.