Economy Financial News

17.12 / 03:57

Provident Airlines economy President Experts reports travelers Relief from soaring airfare! Kerala to launch Beypore-Kochi-Dubai cruise service. Ticket prices and other details here

Kerala, the Central government has approved the Beypore-Kochi-Dubai cruise service, signaling a new era for Malayalis venturing into the world of luxury sea travel, according to a report by Manorama, on December 15, 2023. The Union Shipping Minister, Sarbananda Sonowal, revealed that the initial steps to launch the cruise ship service are underway, following consistent demands from non-resident Indian passengers.

17.12 / 02:01

Progressive economy Death President shootings performer Serbians vote in snap election, ruling party set to secure another term

BELGRADE (Reuters) — Serbians will cast their votes on Sunday in a snap election seen as an effort by President Aleksandar Vucic and his populist Serbian Progressive Party (SNS) to secure another four-year term, after two mass shootings earlier this year rattled their popularity.

17.12 / 01:33

economy innovations Surat Diamond Bourse: PM Modi to inaugurate world's largest workspace, even larger than Pentagon. 5 things to know

Narendra Modi is scheduled to inaugurate the Surat Diamond Bourse in Gujarat on December 17, Sunday. As per the official sources, it will be the world's largest and modern centre for international diamond and jewellery business.

16.12 / 18:19

Target Reuters Strategy economy track ‘Still too early’ to cut rates, Bank of Canada’s Macklem says

The head of the Bank of Canada is pushing back on expectations for interest rate cuts, despite calls from the market and central bank counterparts south of the border that tightening could reverse in the new year.

16.12 / 17:51

economy Southern country NOT If growth rate is not over 6%, India will remain lower middle economy by 2047: Raghuram Rajan

Raghuram Rajan said India will still remain a lower middle country if the growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. Speaking at a programme organised by Manthan here, the economist said if the country does not grow faster, it will grow older (demographically) before it gets richer, which means there is the burden of an aging population to deal with also at that point.

16.12 / 17:51

Digital Citizens Action economy hospital reports travelers Packed hotels, brisk trade prove best defences against cross-border terror

Kashmir can be very depressing. In 2005, after the POK earthquake, I led a team on behalf of the UN to support the post-earthquake reconstruction. Visiting Muzaffarabad and villages around POK was an eye opener: no one spoke Kashmiri.

16.12 / 17:51

Entertainment economy country cover concert song Taylor Swift economy is booming- Maybe it's time for India to sign an FTA?

Time magazine named singer-songwriter Taylor Swift as its Person of the Year — the first solo entertainer to receive this coveted designation. 'The rare person who is both the writer and hero of her own story' is how the magazine's editor-in-chief Sam Jacobs aptly described Swift. Swift's popularity is so deep and widespread that Harvard English professor Stephanie Burt has announced a new course, 'Taylor Swift and Her World', for the spring semester.

16.12 / 16:25

Target Williams economy Duke show cover reports Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

16.12 / 16:23

Provident Target economy pandemic reports recommendations Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for th...

16.12 / 15:19

Strategy economy pandemic innovations 2024 US is ‘leading the way’ into 2024, BofA says

Growth, innovation, enthusiasm and uncertainty were some of the key takeaways used to describe what the financial markets are likely to look like in the U.S. next year, according to executives speaking at a Bank of America roundtable on Thursday.

16.12 / 15:12

Fighting economy Moodys pandemic reports Delinquencies are rising for credit card, auto loans – and it could soon get worse

'Permanent Distortion' author Nomi Prins argues Fed policy is adversely affecting everyone, on 'Making Money.'

16.12 / 15:07

Digital Cooper economy Align country innovations information Italy and South Korea's Central Banks Forge a Path in CBDC Development

The Bank of Italy and the Bank of Korea have recently formalized their collaboration through a Memorandum of Understanding (MOU) signed on December 5, 2023. This partnership marks a pivotal moment in the exploration and potential implementation of digital currencies by central banks, reflecting a growing global interest in the digitization of national currencies.

16.12 / 15:07

Target Extreme economy Remark track Bank of Canada's Macklem talks down interest rate cuts, but says 2% inflation 'now in sight'

Cutting the Bank of Canada’s policy interest rate doesn’t seem to be top of mind for governor Tiff Macklem, who said Dec. 15 that it’s still too early to consider undoing the most aggressive series of rate hikes in decades. Macklem made the remarks while delivering his end-of-year speech before the Canadian Club Toronto on Friday, two days after United States Federal Reserve chair Jerome Powell poured fuel on a stock market rally by suggesting that rates were at or close to their peak. The Financial Post’s Denise Paglinawan breaks down what you need to know about Macklem’s speech.

16.12 / 15:04

Provident Target economy President track reports Headlines record high Top headlines: EVs pile up at U.S. dealers as inventories hit record high

Electric vehicle inventories on United States dealer lots reached a new high in December, with a 114-day supply that was more than double what it was a year ago.

16.12 / 14:58

Blockchain Provident Digital Citizens Strategy economy Healthcare Verida and inDAO Team Up to Help Uzbekistan Adopt Web3 Tech

inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

16.12 / 14:57

Fighting economy President show track reports Rate Cut interest rate cut Top Fed official calls talks of March interest rate cut 'premature'

Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.'

16.12 / 14:24

Target Google CEO economy track reports 2024 Millions of Americans will lose their job in 2024, warns CBO report. Details here

ALSO READ: Google CEO Sundar Pichai opens up on company's biggest layoff in 25 years: ‘We could have done differently’ Although slightly more optimistic than the CBO, the Federal Reserve had a similar outlook for the economy in 2024. It predicted that the real GDP growth would slow down to 1.4 percent in 2024, before rebounding in the following years. The Fed also expected the unemployment rate to increase to 4.1 percent by the end of 2024, which was lower than the CBO’s estimate, reported Hindustan Times.

15.12 / 13:25

Manufacturing Landmark economy show performer country reports Key European economy looks set for recession

Private-sector activity in the euro area worsened at the end of the year, raising the risk that the region may experience a recession in the second half.

15.12 / 13:25

Target Digital Citizens economy Enterprise President NOT China’s growth outlook is not looking good

China’s economic recovery remained beleaguered by weak demand and a lingering property crisis last month, putting more pressure on Beijing to roll out supportive policies to juice growth.

15.12 / 13:25

economy Weekly Equities heading to fifth weekly gain following Fed comments

Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs.

15.12 / 13:03

Platform economy voice innovations reports Krutrim can outperform GPT-4 in 6 Indian languages! 10 things to know about Ola's AI platform

Meaningful Name: Krutrim, derived from Sanskrit, translates to "artificial." The AI model is designed to be a true reflection of artificial intelligence, resonating with India's cultural and linguistic diversity, reported CNBCTV18. 2. Multilingual Mastery: Krutrim boasts proficiency in understanding 20 Indian languages and generating content in 10 Indian languages, including Marathi, Hindi, Telugu, Kannada, and Odiya.

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