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NEW DELHI : New Delhi: The 13th Ministerial Conference (MCA 13) of the World Trade Organization on Tuesday announced new rules to streamline the international trade in services. These regulations, which apply on a Most Favored Nation (MFN) basis, aim to make authorization processes more transparent and accessible, with commitments to gender equality. The reduction in barriers to the services trade could have a substantial economic impact, particularly benefiting poorer countries, and emerging economies like India that are driven by services, experts said.

Uttarakhand Finance Minister Premchand Aggarwal on Tuesday presented the state's budget of Rs 89.23 thousand crore for the fiscal year 2024-25. Finance Minister Agarwal presented the budget in the assembly in the presence of Uttarakhand Chief Minister Pushkar Singh Dhami. In his address, Finance Minister Premchand Aggarwal outlined the key principles underlying the budget, emphasizing the concept of «pioneering Uttarakhand.»

The strength of the US economy has been a key driver of global economic resilience, Treasury Secretary Janet Yellen plans to say Tuesday ahead of meetings with her counterparts from the world’s top economies.

Bank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher delinquencies among retail borrowers in its Latin American businesses.

I got what looked like a nice email from Amazon last week. There were no spelling mistakes, so I figured it wasn’t a Russian bot and I could click on it. I was right. It was Amazon announcing a new initiative promoting Quebec products: “Les produits du Québec.” How the titans of globalization cower before the power of local interests!

Muted revenue growth in the December quarter (Q4CY23) has prompted large US banks to slow down their IT-related expenditure. Data compiled by Antique Stock Broking shows that six large US banks' average technology spending growth softened to 5.7% in Q4CY23 from 6.4% in Q3CY23. On an aggregate basis, these banks reported low single-digit revenue growth of 1.8% year-on-year in the quarter, a sharp deceleration from 9% in the previous quarter.

Arbor Financial President Jeffrey Small argues that the ‘Magnificent Seven’ stocks will repeat their 2023 run in 2024 during an appearance on ‘Varney & Co.’

digital infrastructure that they use to generate large revenue, a top executive at global telecom industry body GSMA said, adding that a revenue share with telcos won’t lead to higher content costs for consumers. Julian Gorman, head of Asia Pacific at GSMA, told ET that the increasing demand for content is pushing telcos to make higher investments in expanding the digital infrastructure, leading to an investment gap, which needs to be addressed at a global level. “The concept of fair share is being discussed broadly across the world… I think the challenge, the overall problem is how the countries in the world build the infrastructure to support the digital future,” said Gorman.

VOC Port at Tuticorin in Tamil Nadu will become India's first green hydrogen hub as it will develop an ecosystem of green ports and also emerge as a transshipment hub when Prime Minister Narendra Modi launches numerous initiatives on February 28, Union Minister Sarbananda Sonowal said on Tuesday. Also, Chennai would become the gateway to the Eastern Maritime Corridor to Vladivostok, Russia, and further increase the bilateral trade between the two countries, he said. «Tomorrow PM Modi will lay the foundation stone, inaugurate, and dedicate to the nation 36 transformative projects worth over Rs 17,000 crore. This is a step towards Viksit Bharat @2047,» Sonowal told reporters here. About 30 projects under his Ministry of Ports, Shipping and Waterways worth Rs 10,324 crore would be inaugurated, foundation laid or dedicated by the prime minister, he said. Of these, six projects worth Rs 7,587 crore are only in the two ports in Tamil Nadu.

By Stefano Rebaudo

Narendra Modi introduced four astronauts-elect, Group Captain Prashanth Nair, Group Captain Angad Prathap, Group Captain Ajit Krishnan, and Wing Commander Shubhanshu Shukla, bestowing them with astronaut wings.

BERLIN (Reuters) — German consumer sentiment is expected to stabilize at a low level in March as households are confronted with great uncertainty due to constantly rising prices and a weaker outlook for Europe's largest economy, a survey showed on Tuesday.

‘Viksit Bharat’. He sees the Indian economy rising further in leaps and bounds by making the country a 'developed nation worth $30 trillion economy by 2047. The Indian equity market has been an instrumental part of the country's economic growth.

By Selena Li

Investing.com-- Most Asian currencies rose slightly on Tuesday, taking some relief from mild declines in the dollar before a key inflation reading which is set to offer more cues on U.S. interest rates this week. 

Investing.com-- Japanese consumer inflation fell slightly less than expected in January, although core inflation remained near a two-year low as consumer spending slowed amid pressure from weakening economic conditions. 

Investing.com-- Gold prices stuck to a tight range in Asian trade on Tuesday as investors looked to a swathe of upcoming economic data for more trading cues, although the near-term outlook for the yellow metal remained constrained. 

Investing.com-- Most Asian stocks retreated on Tuesday as caution persisted before a string of key economic readings this week, with Japan’s Nikkei 225 falling from record highs after a slightly stronger-than-expected inflation print. 

U.S. economic growth has been a «key driver» of better than expected global growth, U.S. Treasury Secretary Janet Yellen will tell a news conference on Tuesday ahead of this week's meeting of G20 finance officials in Sao Paolo, Brazil. In excerpts of her remarks released by Treasury, Yellen said the International Monetary Fund and other forecasters had projected a broad-based slowdown in the global economy in 2023 that did not happen.

steady at 6.5 per cent for the sixth consecutive meeting on February 8, 2024, and also decided to remain focused on the withdrawal of accommodation. In its latest minutes-of-the-meeting, RBI Governor Shaktikanta Das said that the current setting of monetary policy is moving in the right direction, with growth holding firm and inflation trending down to the target. Also Read: RBI MPC Minutes: Job on inflation front not over, ‘last mile’ of disinflation can be sticky; 5 key highlights "At this juncture, monetary policy must remain vigilant and not assume that our job on the inflation front is over.

economists, decelerating from 7.6% in the preceding three months. Forecasts ranged from 6% to 7.2% for the quarter ended December. The Reserve Bank of India estimates the economy to have grown 6.5% in the period. The government is scheduled to release the data on Thursday. Monetary policy may weigh «A slowdown in state-led capex, which has been propelling investment, likely contributed to the expected deceleration in Q3,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics at Barclays.