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If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States

United Nations General Assembly that when India lands on the moon or rolls out its own 5G stack, it provides hope and rekindles optimism. Jaishankar said that overconcentration of production has hollowed out many economies. «In these troubled times, it is necessary to provide hope and rekindle optimism. We have to demonstrate that big changes are possible...When India lands on the moon, rolls out its own 5G stack, dispatches vaccines worldwide, embraces fintech, or houses so many global capability centres, there is a message here. Our quest for a Viksit Bharat or a developed India will understandably be followed closely. An important cause of many getting left behind has been the unfairness of the current globalisation model. Overconcentration of production has hollowed out many economies, impacting their employment and social stability,» he said.

Artificial Intelligence is no longer a futuristic concept. It is here, today, rapidly reshaping and transforming industries, driving innovation, solving complex problems across various sectors. Its ability to process vast datasets, optimise operations and provide predictive insights is fundamentally transforming business operations. Application of AI powers a range of capabilities for any business — from automating routine tasks and supporting decision-making to uncovering process improvements and extracting actionable insights from unstructured data. According to a McKinsey report, Gen AI could add between $2.5 trillion and $4 trillion in value to the global economy over the next three years. But to say that AI is only for those who understand technology or use it prolifically would be a grave misconception. In this new era, AI is for everyone — ready to drive efficiency, innovation and growth across the entire business landscape.

US recession, feel economists like Mark Spitznagel, chief investment officer and founder of Universa. The burden of these rate cuts may soon begin to trouble the US economy, and even though this aggressive approach was taken to thwart an impending recession, things could end up being more vicious later on.

Top Biden administration officials met with port operators ahead of a possible strike at East and Gulf coast ports, with a union contract set to expire late Monday

«Broadly speaking, across the world, the monetary policies are synchronised with some lag or some sort of advanced framework, so that is where if inflation in a particular country is under control, they would try to synchronise with the rest of the world going forward,» says Ashishkumar Chauhan, MD & CEO, NSE. We have seen a stimulation in the Chinese economy. What kind of an impact do you think it will have here in India? Ashishkumar Chauhan: Broadly speaking world is connected, at the same time China is going through its own issues on their economic front, especially with real estate and it seems to be a grave situation there on many counts and that is where the government there has taken these steps first time to even distribute money for their national holiday and that is showing you that that particular economy is going through the stress.

China introduced significant policy measures, including a 20bp OMO rate cut, a 30bp MLF rate cut, and adjustments to the prime loan rates. Deposit rates will decrease by 20-25bp, and a 50bp RRR cut will inject around RMB 1 trillion in liquidity, with further cuts possible. The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced. The Chinese stock markets surged following the announcements, with the CSI 300 rising 15% and the Shanghai Composite up 12%. Some economic commentators suggested that these measures could help China curb slowing GDP growth and shift the economy from investment to consumption. However, with India's weight in the MSCI AC World Investable Market Index recently surpassing China's, some are concerned that foreign investors may now reallocate more funds to China.

The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts

Subscribe to enjoy similar stories. Two gut instincts have distinguished the macroeconomic policies of Xi Jinping, China’s ruler since 2012. He has disdained consumer handouts, which he thinks breed laziness.

Moody's downgraded Israel's credit rating Friday, citing heightened geopolitical risks as its conflict with Hezbollah worsened and prospects for a ceasefire in Gaza receded. «The key driver for the downgrade is our view that geopolitical risk has intensified significantly further, to very high levels,» said Moody's in a statement. This came as it shifted Israel's ratings down two notches from A2 to Baa1, marking its second downgrade this year.

recession fears and also because of the incoming US Presidential elections 2024, which is scheduled for November. The stock markets are also being a massive headache for economists, as some of the 'Trump trades', which are betting on Republican Presidential candidate Donald Trump, is also going volatile at some points, reacting on he basis of latest poll and surveys.

A Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level

Subscribe to enjoy similar stories. All that glitters isn’t just gold—it’s also silver. The commodity’s price is up about 34% year to date, outpacing gold, which keeps hitting record highs.

Of the 45 funds — six of which are not available to UK investors — listed in its latest Assessment of Value report, 13 were deemed to have not delivered value for their investors over the past five years.  Meanwhile, 36 of the 45 funds were red flagged for performance, two for fund charges, one for quality of service, two for economies of scale and six for comparable market rates.  In addition, not one of the 45 funds received an entirely unblotted report, with a raft of amber flags also attributed to funds for ‘broadly' delivering value.  St James's Place launches £32.9m share buy...

Also Read: Rs 1.42 lakh for one night stay! Navi Mumbai hotel prices get hot when Coldplay is around Why are Indians shelling out so much money for a show by a band which is not even one of the most popular in the world today? While many attribute this phenomenon to the extreme FOMO (fear of missing out) sentiment in the age of social media when people like to flaunt things, it is also an indicator of India's economic situation. The frenzy for Coldplay tickets shows India's strengthening consumption story even as disposable incomes rise, the number of rich grows at a fast pace, the size of the middle class increases and a trend of premium consumption sweeps across sectors. Not just the class that clamours for Coldplay tickets, even those at the bottom of the pyramid are showing different consumption trends.

Produce importer Peter Kopke, Sr. discusses the impact of a looming port strike on 'The Bottom Line.'

US Fed has finally cut its interest by 50 bps. Our analysis showcases that since the turn of the century the US has witnessed 3 instances of a pivot of 50 bps rate cut, which were driven by the need to reduce a recession. Excluding COVID, US markets corrected as much 24% to 28% one year post the first cut. Indian markets too followed suit, correcting 15% to 30% during these two instances. However, this time US GDP is still growing at around 2% and fears of recession are lower. Theoretically, falling interest rates in the longer run should revive demand, increase capex and lower cost of capital and increase valuations and earnings of markets, especially if the economy is growing. India in our eyes falls under this basket of “growing economies with stable corporate earnings drivers”. Surge in domestic liquidity led to belief the equities could delink from the world and US markets at least shunting any significant falls.

Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran, on Friday said that the Indian economy is expected to grow at a rate of 6.5-7 per cent in the current financial year on a steady state basis. He said the growth rate is commendable given the current global scenario. Speaking virtually at an event organised by the Bengal Chamber of Commerce and Industry (BCCI), Nageswaran said that while the economy will grow at 6.5 per cent in real terms, the nominal rate of growth will be 11 per cent, taking inflation into account. «The Indian economy is poised to remain the fastest growing in the current financial year with a growth rate of 6.5-7 per cent on a steady state basis. This is a very good achievement in the current global context,» Nageswaran said.

BEIJING — China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy