Economy Financial News

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth.

electoral bonds should make poll funding more transparent as payments can be declared in books of accounts. Others said the move may result in a greater role for cash. Electoral bonds allowed companies and individuals to donate to political parties anonymously and without constraints. Some companies are worried that opposing political parties will now try and call them out on such funding and cause reputational harm. The Supreme Court has said State Bank of India, which was the sole issuer of the instrument, has to pass on details of all such purchases since 2019 to the Election Commission of India, which will make them public next month. Several executives, speaking anonymously to ET, expressed concern about the potential for harassment once these details are known. The Supreme Court had cited the quid pro quo involved in companies funding parties. That shouldn't be considered unacceptable, said a leading promoter.

By Jamie McGeever

One of the few things US Democrats and Republicans appear to agree on is that fiscal responsibility is for losers. As a result, the country’s looming financial breakdown gets barely a mention as elections approach. Last week’s bracing projections on the deficit from the Congressional Budget Office (CBO) passed almost unnoticed.

By Seher Dareen and Ross Kerber

The Conference Board chief economist Dana Peterson says the LEI is great for the goods economy on Making Money.

Kate Raworth is Senior Associate at Oxford University’s Environmental Change Institute. Speaking to Srijana Mitra Das, she discusses why reinventing economics is key to the ecological — and development — crises: What is the core of your research? I’m rewriting economics, starting with its foundational concepts. That’s what my book ‘Doughnut Economics’ is about. I drew a picture of the shape of progress. We’re told this shape is ‘growth’ — yet, huge ecological and social damage has been done through the way economies have grown. We need a much better goal for the 21st century. The picture I drew had a hole in the middle, like a doughnut — the aim is to leave nobody in that hole, short of life’s essentials like food, water, health, education, etc. But we need to do this without overshooting the outer ring of Earth’s limits. Returning to the textbooks I was taught, which are still taught today, I found these profoundly misguiding and not giving students the knowledge or orientation to turn things around. My book came out in 2017 and since then, many firms, governments, international institutions, etc., wanted to put these principles into practice. I co-founded the Doughnut Economics Action Lab to work with them.

₹300 trillion. So, if both states have about the same—9.2% and 9.1%—shares of the Indian economy, that’s about ₹27 trillion each.

By Bianca Flowers and Shivansh Tiwary

WASHINGTON (Reuters) — The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could pave the way for durable longer-term growth, the White House said on Thursday.

Former Assistant Treasury Secretary Monica Crowley discusses the strain inflation is having on the middle and lower class on 'The Bottom Line.'

WASHINGTON (Reuters) — U.S. retail sales fell more than expected in January, pulled down by declines in receipts at auto dealerships and gasoline service stations.

(Reuters) — Futures for Canada's main stock index gained on Thursday, tracking higher prices of base and precious metals, while investors awaited domestic and U.S. economic data for any signs that could influence the central banks' interest rates policy.

Stocks in Europe rose Thursday, following US shares higher as robust earnings helped overcome worries about persistent inflation.

Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.

Sensex is trading at around 5 percent valuation premium based on intrinsic value. However, mid-cap stocks are commanding a reasonable valuation premium over their historical averages while there is a froth in the small and micro-cap segment, reports Client Associates (CA) Annual Equity Assessment 2024. While large-cap private banks, NBFCs, and IT are looking relatively attractive in terms of valuations, Industrial, PSUs, consumer, and capital goods are expensive as compared to their medium-term averages, the report further adds.

Goldman Sachs strategists have adjusted their market outlook for Europe, setting a new 12-month target for the Stoxx Europe 600 Index at 510, up from their previous forecast of 500.

(Reuters) — U.S. stock index futures were subdued on Thursday with a slew of economic data reports on the radar, while investors looked ahead to commentary from central bank officials on the timing of the Federal Reserve's first interest-rate cut.

By Chris Gallagher and Akiko Okamoto

Mayank Shah, VP, Parle Products, says “we have changed along with the city, hand in hand. Bombay has evolved into a mega metro today from what it used to be. Of course, it used to be an important city earlier as well but the way it has grown today is the same way even the company has grown. So, probably 20 years back, we had very limited products, very limited options. We are available in limited categories. Today, we have more than 50 brands and more than 350 SKUs straddling across multiple categories.” On premiumisation of products Mayank Shah: We have an entire range of premium products called Platina, where we have Milano, Hide & Seek, Nutricrunch, and all of them and they are doing very well. So, as India is growing, as our economy is developing and growing, I think Indians have started accepting premium products or rather have started spending on premium products and the Platina range is doing very well.

LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday.