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The feeble outcomes of this year’s UN climate summit, CoP-30, held at Belém in Brazil were a reflection of today’s geopolitical realities. The US does not recognize the threat of global warming, while several other large economies like Russia, China and India are in no mood to embark on a roadmap to phase out fossil fuels.

Subscribe to enjoy similar stories. Jerome Powell pushed through a rate cut Wednesday over the broadest reservations of his nearly eight-year tenure, and in doing so, implicitly delivered a pointed message to President Trump and his own successor: Cutting rates is harder than it looks. The decision drew three dissents—two from officials who opposed any cut and one from a Trump ally who wanted a larger reduction.

Mint breaks down how Beijing managed this feat and what it means for India and the world economy.China’s outbound shipments have proved remarkably resilient. In the first 11 months of 2025, exports grew 5.7% even with average US tariffs at 47.5%. Sales to the US slumped 18%, but Chinese manufacturers more than made up for it elsewhere: exports to Europe climbed 9%, while shipments to Southeast Asia and Africa surged 15% and 27%, respectively.Largely, yes.

Subscribe to enjoy similar stories. The Federal Reserve lowered interest rates for the third time in four months on Wednesday while signaling that further easing is far from assured.

Subscribe to enjoy similar stories. Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring. Powell said that Fed staffers believe that federal data could be overestimating job creation by up to 60,000 jobs a month.

Subscribe to enjoy similar stories. The Trump administration in recent weeks has handed its European counterparts a series of documents, each a single page, laying out its vision for the reconstruction of Ukraine and the return of Russia to the global economy. The proposals have sparked an intense battle at the negotiating table between America and its traditional allies in Europe.

Subscribe to enjoy similar stories. BEIJING—The head of the International Monetary Fund warned China that its dominance over manufacturing risks exacerbating global trade tensions, urging Beijing to take far greater action to shift its economy toward domestic consumption. “As the second largest economy in the world, China is simply too big to generate much growth from exports," said IMF Managing Director Kristalina Georgieva on Wednesday.

Subscribe to enjoy similar stories. When global rating agencies revised their sovereign debt ratings for France and Portugal earlier this year, aligning them with those of Care Ratings, they “vindicated" the stance of the Indian rating agency that launched its fledgling sovereign rating business just over a year ago, a top official at Care Ratings said.

Subscribe to enjoy similar stories. CHINA’S 1.1BN internet users churn out more data than anyone else on Earth. So does the country’s vast network of facial-recognition cameras.

Uneasy lies the head that wears the crown,” wrote Shakespeare in his play Henry IV. The English playwright was talking about a king by that name, not of any central bank governor.

Subscribe to enjoy similar stories. New Delhi: Indian businesses and the country’s trading partners alike have flagged the need for a simpler customs duty framework. The global supply-chain disruptions and US tariffs have further amplified the need to review the regime.

Subscribe to enjoy similar stories. President Trump retook the White House almost a year ago promising a manufacturing boom. He got one—in China.

Subscribe to enjoy similar stories. WASHINGTON—The Trump administration plans to let Nvidia export its H200 chip to China, the latest twist in the artificial-intelligence chip designer’s efforts to maintain access to the world’s second-largest economy, according to people familiar with the matter. The Commerce Department plans to approve licenses to China letting Nvidia sell its H200.

Subscribe to enjoy similar stories. India is in a better position, and 2026 appears to be an improvement over last year, according to Ashish Gupta, chief information officer (CIO), Axis Mutual Fund. “But with such heavy supply, you can’t expect a runaway market," he said.

Subscribe to enjoy similar stories. Indian Railways is preparing for one of its biggest shifts in decades: opening its 7,000-plus stations—through which 3.5 crore passengers move every day—to national quick-service restaurant (QSR) chains for the first time. A recent change in IRCTC’s catering rules has created a new category of “Premium Brand Catering Outlets," allowing large QSR chains to bid for space through e-auctions rather than rely on the traditional, small-vendor-dominated system.

Subscribe to enjoy similar stories. NEW DELHI : The Centre is preparing to reinforce and expand its focus on labour-intensive industries in the FY27 Union budget, according to two persons familiar with ongoing discussions.

What do you call someone who comes down like a tonne of bricks on ambitious youngsters with career aspirations but crumbles like a cookie in the face of a market-leading company flexing its dominance?The rest of the world terms them bullies. In India, we call them regulators.If this strikes you as Macaulay-esque prejudice against Indian institutions, compare the Directorate General of Civil Aviation’s (DGCA’s) capitulation in the face of IndiGo’s blackmail with the Commission on Air Quality Management’s (CAQM’s) imminent clampdown on young men and women looking to earn living by delivering goods and services for e-commerce giants using bikes bought with borrowed money.Come January, even as they struggle to keep up with the monthly instalments on their bikes, gig workers who switch between aggregators or are new to such work will find their livelihood deemed illegal in the National Capital Region.

Subscribe to enjoy similar stories. TOKYO—Japanese Prime Minister Sanae Takaichi says her $135 billion stimulus package will prop up the world’s fourth-largest economy. Some see a danger in swelling a debt pile that is already one of the largest globally.

Subscribe to enjoy similar stories. China remains one of the world’s most powerful economies, with its influence still expanding in critical sectors. Its high-tech industries continue to grow, it is pushing aggressively for leadership in artificial intelligence, and its dominance over rare-earth minerals recently helped it clinch a trade truce with Washington.

Subscribe to enjoy similar stories. Anxiety has given way to hope on Wall Street. Stocks are back near records, recovering from a slump spurred by fears that the excitement about the artificial-intelligence boom has outstripped the potential profits.

Subscribe to enjoy similar stories. WASHINGTON—Just before President Trump left the White House for Thanksgiving, top aides met with him in his private dining room to discuss inflation and the economy in hopes he would calibrate his message on affordability. In another meeting last month, this time in the Oval Office, aides presented Trump with surveys from one of the president’s own pollsters detailing voters’ concerns about the cost of living.