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BEIJING (Reuters) — President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain long-term economic development with deeper reforms.

SAO PAULO (Reuters) — Brazil's Vice President Geraldo Alckmin on Sunday unveiled government measures aimed at providing companies with tax benefits so they can buy new machinery and invest in transportation.

By Andrea Shalal

Defence Minister Rajnath Singh on Sunday said that new India no more tolerant to ‘let it be’ mindset and believes firmly in ‘let's do it’ approach” Singh has said that the Government is developing a strong base of domestic defence industrial ecosystem to make India a strategic economy. Addressing the 21st convocation ceremony of Tezpur University on December 31, 2023 at Tezpur, Raksha Mantri said, the ministry is making all efforts to achieve the target of becoming self-reliant in the defence sector. Singh stressed that for the first time, the import of arms was restricted.

Rajnath Singh on Sunday said the government is developing a strong base of domestic defence industrial ecosystem to make the country a strategic economy. Addressing the 21st Convocation of Tezpur University here, Singh said his ministry is making all efforts to achieve the target of becoming self-reliant in the defence sector.

Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market.

Artificial Intelligence ruled 2023-- its discovery, usage, abuse, and a potential threat to jobs-- the new year 2024 can expect a changed stance of this discovery- based on takes the seat of governance. 2023 saw AI boost stock prices, and a profound shift in how humans function. 2024 will see regulators all over the world scrambling to impose rules on this rapidly growing technology.

Mint examines the reasons and implications. The BRICs grouping, during its summit in South Africa in August, invited six countries including Argentina to join it as permanent members, effective 1 January, 2024. On Saturday, though, Argentina’s newly elected government announced it would not be taking up on the offer.

Indian households’ net financial savings fell as much as four percentage points in the past two years as they ploughed it to build real assets such as homes and vehicles. While that has raised the indebtedness of people, economists say their ability to service debt is high compared with many major economies. Official data on household net financial savings indicates that it fell to 5.1 per cent of GDP in 2022-23 from 11.5 per cent in 2020-21, well below its long-run annual average of 7.0-7.5 per cent.

Indian equities are set for an eventful journey in 2024, with a slew of local and global cues — varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices — Sensex and Nifty — could climb up to 7%.

NEW DELHI : Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the moon and successes in sports as key achievements this year. “Today every corner of India is brimming with self-confidence, imbued with the spirit of a developed India; the spirit of self-reliance.

Job placements for graduates from one of the world's premier business schools, Harvard Business School, have hit their lowest levels in over five years, indicating a slowdown in demand for highly qualified candidates. According to recent data from the school, 86% of the 73% of its most recent MBA class seeking employment received offers, a significant drop from 95% in 2022 and 96% in 2021. In an unusual move, the school only recently disclosed the job offer rates for 2023 on its website, following a query from the Financial Times.

Imran Khan’s applications to compete in the 2024 elections in two constituencies, the Times of India reported. Khan submitted nomination papers to contest in Lahore and his home town of Mianwali, the paper said, citing the Election Commission and the politician’s media team.

shares his outlook for 2024 and what investors should do in the current scenario. In the last few years, India has done exceptionally well. And it is a function of India doing well and others doing badly.

Workers from South Asia are heading to Israel, whose need for labor has become more pressing since the Hamas-led attack in October. Israel's government closed crossings from the West Bank, cutting off thousands of Palestinians from work, and many of the foreign workers whom Israel relies on to operate its farms and construction industry left. Most of the roughly 30,000 foreign agricultural workers in Israel were from Thailand, dozens of whom were kidnapped or killed on Oct.

Economist Dani Rodrik has put out a tweet that's likely to get some traction. He says his wish for the new year is for the term 'emerging markets' to be retired. We agree.

There have been 46 IPOs in 2023, raising a cumulative Rs 41095.36 crore. This marks a 30% decline from Rs 59301.7 crore raised through 40 IPOs in 2022. The record-breaking blockbuster year of 2021, with 63 IPOs raising a whopping Rs 1,18,723.17 crore, set a high benchmark.

container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting after a multitude of attacks by Iran-backed Houthi militants. Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight. Meantime, the economy in Vietnam exceeded expectations this year and is poised for better results in 2024.

yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion marks a sharp break from Beijing's approach the last time the currency was on the ropes, in 2015. Back then, the People's Bank of China (PBOC) resorted to official intervention as the central bank burned $1 trillion in reserves to shore it up. This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. Interviews with 28 market participants show at least two dozen cases where regulators closely and frequently steered market participants through a range of co-ordinated actions this year to resist strong downward pressure on the yuan. The PBOC and State Administration of Foreign Exchange, the currency regulator, did not respond to Reuters' faxed questions about its approach.

After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024.

Xi Jinping's military modernization drive amid geopolitical tensions, analysts say. China's top lawmakers ousted nine senior military officers from the national legislative body on Friday, state media reported, a step that typically precedes further punishment for wayward cadres. Many of these were from the Rocket Force — a key arm of the PLA overseeing tactical and nuclear missiles. The purges are a setback for Xi who has pumped billions into buying and developing equipment as part of his modernising efforts to build a «world-class» military by 2050, with Beijing's outsized defence budget growing at a faster pace than the economy for some years. The recent downfall of generals and military equipment suppliers, however, has punctured some of this aura, and raised questions over whether there has been adequate oversight over these massive military investments as China vies with the United States in key areas, including Taiwan and the South China Sea. Since Xi took power in 2012, he has embarked on a wide-ranging anti-corruption crackdown among Communist Party and government officials, with the PLA being one of its main targets. The nine PLA generals removed from the legislature hailed from several military divisions; three were former commanders or vice commanders of the PLA Rocket Force; one a former Air Force chief and one a Navy commander responsible for the South China Sea. Four officers were responsible for equipment. «It is a clear sign that they are being purged,» said Andrew Scobell, Distinguished Fellow for China at the United States Institute for Peace.