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Subscribe to enjoy similar stories. Underneath a ridge in the southern highlands of Guinea, a west African country of 14m people, lies one of the world’s biggest deposits of iron ore. Mining of the sprawling 3bn-tonne deposit, which would be worth some $315bn at current market prices, has been on hold for nearly 30 years.

Subscribe to enjoy similar stories. WILLMAR, Minn.—Nearly 30 years ago in this small agricultural town, resident Pablo Obregon did a double take at a group waiting for the bus downtown on the first day of school. They were Somali children.

Subscribe to enjoy similar stories. Dream11, the fantasy gaming giant with 250 million users, is rewriting its playbook. It now looks to recast itself as a sports entertainment platform, betting on India’s rising ‘watch-party’ culture, where fans stream matches, interact and hang out online.

“Baptism by fire,” is how D. Subbarao had described his initial months as the 22nd governor of the Reserve Bank of India (RBI). Subbarao took charge in September 2008 in the shadow of the collapse of investment bank Lehman Brothers that led to the 2008-09 Global Financial Crisis and brought the world economy to its knees.

Subscribe to enjoy similar stories. There’s something gloriously old fashioned about Good Fortune, Aziz Ansari’s wholesome buddy comedy that dares to believe in the redemptive power of kindness in an economy designed to chew people up and spit them out. The film is now available to rent on Amazon Prime Video and Apple TV.

Subscribe to enjoy similar stories. INSIDE BEIJING’S third ring road, Mr Li rides a scooter for FlashEx, a courier. Now in his 40s, with two school-age children, he migrated from Henan province, roughly 600km to the south.

Subscribe to enjoy similar stories. Investors are getting mixed messages on health of the U.S. economy, leaving stocks in limbo ahead of next week’s Federal Reserve rate decision.

India is at the threshold of one of the most promising economic decades in its modern history, yet the hard arithmetic underlying growth reflects a more fragile situation than our headline GDP figures suggest. Economists apply the Sala-i-Martin framework to break growth down into its core components and ask a simple-yet-powerful question: How much of the rise in output per worker can be attributed to the use of more capital (a single factor of production), and how much can be attributed to India becoming more productive on the whole? The results from India’s growth decomposition between 1990 and 2023 reflect the emergence of a two-pronged challenge: capital deepening is now uneven and no longer accelerating, while total factor productivity (TFP) has remained stubbornly stagnant.

This week’s visit to India of Russia’s President Vladimir Putin has drawn New Delhi’s long relationship with Moscow into the spotlight. The India-Russia bond has been strong and steady, as evident in the fact that it has outlasted many shifts in global geopolitics. Looking at the cooperation between the two, whether it is on defence materiel or navigating past twists and turns in the global order, India and Russia have understood each other’s requirements and managed to support each other in their time of need.

The development comes amid growing concerns over the impact of the new trade policies on global markets and the U.S. economy.

The 27-country bloc faces 25 per cent import tariffs on steel and aluminium and cars and 'reciprocal' tariffs of 20 per cent from Wednesday for almost all other goods. President Trump's tariffs cover some 70 per cent of the EU's exports to the United States — worth in total 532 billion euros ($585 billion) last year — with likely duties on copper, pharmaceuticals, semiconductors and timber still to come. When Trump hit steel and aluminium imports with a 25 percent tariff in March, the EU decided on «an eye for an eye» approach. «We will react in areas where it hurts the United States,» a senior EU official said. Officials have previously said the EU will target goods from politically important US states, including soybeans produced in Louisiana, the home of US Speaker Mike Johnson, who pushes Trump's agenda in Congress. The is happening even though, President Trump's one of the closest advisers billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create «a very close, stronger partnership» and reach a «zero-tariff zone.» Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, anti-migrant League party and vice premier of the Italian conservative government led by Premier Giorgia Meloni.

Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.

Donald Trump’s tariff imposition, and is focusing efforts on negotiating a bilateral trade deal with the US to bring down duties, according to a Indian government official. The South Asian country is seeking dialogue and not confrontation, the official said, adding that India has first mover advantage compared to rivals in the region. India plans to work toward a balanced and equitable trade deal with the US, the official said. All options are up for negotiation, and both goods and services will be discussed, according to the official. The government is also in touch with exporters on the expected impact and will help if they reach out. Trump last week announced a 26% tariff on US imports from India, dealing a blow to exporters and risking exacerbating a slowdown in an economy already suffering from weak consumer confidence. A lower negotiated rate could provide some relief, though escalating global trade tensions are still a threat. During his visit to Washington after Trump’s return to the Oval Office, Prime Minister Narendra Modi and the US president agreed to negotiate a bilateral trade deal by the fall of this year.

Subscribe to enjoy similar stories. President Donald Trump has already succeeded in two of his key economic goals, bringing down long-term interest rates and oil prices. That has been accomplished via a crash in asset values brought about by perhaps the largest tax increase in modern U.S.

Congress general secretary Sachin Pilot on Sunday said that Prime Minister Narendra Modi should have worked out a constructive solution during his last America visit rather than just indulging in «photo ops» and exchanging gifts. He said that at a time the world is responding to the imposition of reciprocal tariffs by the US, the Indian government is merely buying time and leaving everything to fate. In an interview to PTI, the former minister for Corporate Affairs said the Indian government is accepting what has been given out and has not even offered a response. «I would imagine, when the PM was in Washington (in February) and met the president of the US, instead of just photo ops and exchanging gifts, something more constructive should have come out of it,» Pilot said. «If our relations are as strong as the two leaders claim, then we would not have been slapped with these steep tariffs. Clearly our exports will be severely hit, manufacturing was in any way on a downside, MSMEs are in for a shock...The economy will face severe stress due to resulting layoffs and job losses but unfortunately we have not had an adequate response or even an indication of how to navigate this situation.» he said. The government was caught napping and it seems under US pressure to sacrifice Indian interests, he alleged.

Reserve Bank of India's rate-setting panel is set to take its first monetary policy decision of the financial year in a review meetings starting Monday, amid a significant moderation in headline inflation over recent months. A Reuters poll of economists forecasts a 25 basis point cut in rates at the meeting. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators. The other five meetings are scheduled for June 4-6, August 5-7, September 29-October 1, December 3-5, and February 4-6. In the previous MPC meeting on February 7, the Reserve Bank of India (RBI) had unanimously decided to reduce the policy rate by 25 basis points (bps) from 6.5 per cent to 6.25 per cent. This was the first rate cut in about 5 years. The repo rate is the rate of interest at which the RBI lends to other banks.

Subscribe to enjoy similar stories. The Indian economy's performance showed some improvement in February as compared with the previous month, showed the 16-high frequency indicators tracked by Mint in its monthly macro tracker. The recovery was led mainly by tractor sales and Purchasing Managers’ Index (PMI).

Subscribe to enjoy similar stories. Imagine there was no other country but India. The subcontinent was all the landmass that there was on the planet, with oceans all around.

Subscribe to enjoy similar stories. Stocks have taken a beating—but this week may provide a more definitive direction for the coming months. All three major U.S.

Keen to move beyond its reputation as a weekend escape for drinkers from dry Gujarat, the administration is exploring a dramatic shift: a plan to lease out the 16th-century Portuguese-built Diu Fort for destination weddings and rebranding the beach town as a family-friendly retreat. “Diu will soon be Goa minus the casino and nightlife,” Diu collector Rahul Dev Boora told ET. “Both Diu and Goa share a Portuguese legacy, but for tourists seeking a family getaway, Diu will always have the edge.”

markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. This infusion helped reduce the overall outflow for March to Rs 3,973 crore, according to data from the depositories. In February, foreign portfolios (FPIs) pulled out Rs 34,574 crore, while the outflow was higher at Rs 78,027 crore in January.