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Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft

Based on data from the Office for Budget Responsibility (OBR), Reeves said the forecast for Britain's GDP was higher than the 0.8% predicted by the OBR in March. However, the updated figure was slightly lower than the Bank of England's latest prediction of 1.1%. The latest data for 2024 matches the consensus forecasts among economists, while Capital Economics was expecting GDP growth to hover at 1% for 2024. According to the OBR, the UK economy is predicted to grow 2% in 2025, 1.8% in 2026, before declining to 1.5% in 2027 and 2028.  Autumn Budget 24: Government to raise taxes b...

For the first time in 14 years, Labour had a chance to put into action its economic vision for the country, which Reeves said aimed to «restore stability to our economy and to begin a decade of national renewal, to fix the foundations and deliver change through responsible leadership in the national interest». «The only way to drive economic growth is to invest, invest, invest,» she declared from the despatch box. «There are no shortcuts. And to deliver that investment, we must restore economics, stability and turn the page.» Autumn Budget 24: Government to raise taxes by £40bn to ...

Subscribe to enjoy similar stories. LONDON : Britain’s new Labour government presented its plan to jolt the U.K. out of years of moribund growth: more taxes and a bigger state.

TrendMacro chief investment officer Don Luskin offers his analysis after Jamie Dimons criticism of the economy under Biden-Harris on «The Evening Edit.» 

The head of Wealthsimple Inc. called Canada’s productivity problem an “absolute crisis” that will take a major entrepreneurial push to fix.

It’s not often that theBank of Canada decides to make a “jumbo” rate cut, but that’s exactly what it did last week when it cut its policy rate by 50 basis points to 3.75 per cent. A “jumbo” or “oversized” rate cut is a term used to describe moves of more than 25 basis points. Usually, jumbo cuts come when the bank has urgent concerns about economic growth and wants to quickly encourage economic activity, but that is not always the case. So why did the Bank of Canada go big last week, and what usually happens next? The Financial Post explains.

Iranian authorities have lifted a ban on imports of new iPhone 14, 15 and 16 models by the U.S. tech giant Apple

British Treasury chief Rachel Reeves is set to deliver her first budget in Parliament

Subscribe to enjoy similar stories. Every month, Mint's Plain Facts section gives you an update on key global data to threads together the big developments worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it could affect India.

mutual funds have filed draft documents with Sebi to launch new funds. These fund houses will jointly introduce three passive funds and one small-cap fund. The drafts have been submitted by Edelweiss Mutual Fund and Mirae Asset Mutual Fund. These passive schemes will be based on the BSE Capital Markets & Insurance TRI, BSE Internet Economy TRI, and BSE 200 Equal Weight TRI (Total Return Index) indices.

Reserve Bank of India (RBI) are unlikely. According to Ind-Ra, the persistent pressure of elevated food prices continues to drive inflation, suggesting that any potential reduction in interest rates will hinge on evidence of stable inflation trends nearing the RBI's target of 4 percent. As such, market participants may need to brace for a prolonged period without rate cuts in the near future. While inflation and weak industrial activity weigh on the economy, there are positive signs in rural demand, driven by improved real wages for rural labourers in July and August 2024, and above-normal rainfall in most of the country. These factors are expected to boost consumption demand.

Subscribe to enjoy similar stories. As World Savings Day is celebrated, a pressing concern comes to the forefront—household savings rates in India are declining amid tough economic realities. According to the National Account Statistics 2024 from the Ministry of Statistics and Programme Implementation (MoSPI), net household savings dropped a massive ₹9 trillion over the three years leading to FY23, now standing at ₹14.16 trillion.

Germany’s economy isn’t growing and the governing coalition has a lot of ideas on how to fix it

The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including in Baltimore, where a deadly bridge collapse killed six construction workers and disrupted commercial s...

Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates

«Now, with that kind of a constraint, if you still want to see a boom in the economy, then the maximum multiplier effect you can generate is through the real estate. So, the boom has started at the top, but now it will percolate down as well,» says Ravi Dharamshi, ValueQuest Investment. You talked about as to how it is not just the premium end of the economy when it comes to consumption, but a more broad based, top to bottom kind of approach that you would now be looking at. How does that tie in with real estate because up until now you have only seen the premium end of luxury, that to residential and commercial both, real estate do well. Ravi Dharamshi: So, see post COVID, unfortunately the recovery has been as it is popular now, K-shaped and what that meant is that anybody who owned an asset has done well, whether you owned equity, whether you owned gold or whether you owned real estate, you did well. But if you have been only a wage earner, income earner, then inflation has been beating your growth in your earnings and your discretionary power has gone down.

The funding will come from the European Innovation Council (EIC), which is part of the EU's research and innovation programme, and it represents an increase of nearly 200 million euros in terms of investment compared to 2024. European politicians have targeted tech and the fast-growing artificial intelligence (AI) sector as one of their key priorities in terms of boosting the region's sluggish economy.

The Commerce Department's advance estimate of third-quarter gross domestic product on Wednesday will be published less than a week before Americans head to the polls on Nov. 5 to choose between Vice President Kamala Harris, the Democratic Party candidate, and former President Donald Trump. Polls show the race is a toss-up. Americans, who list the economy as a top election issue, have chafed at high food and housing costs, even as the economy has defied forecasts of a recession and continues to outperform its global peers.

Subscribe to enjoy similar stories. A day after the finance ministry flagged weakness in urban demand, Maruti Suzuki’s quarterly results seemed to confirm that concern.