Economy Financial News

Subscribe to enjoy similar stories. The European Commission is planning to go much further than before in cutting red tape, as part of a sweeping policy proposal to revive the bloc’s economy and compete with China and the U.S. The European Commission is planning to go much further than before in cutting red tape for businesses, as part of a sweeping policy proposal to revive the bloc’s economy and compete with China and the U.S.

The head of one of Canada’s largest banks says “it won’t be easy” to negotiate with Donald Trump as Ottawa tries to avoid crippling tariffs on Canadian goods, especially since the United States president “loves to shock people” by unleashing a “firehose” of information.

The GfK Consumer Confidence index decreased by five points from December (-17), hitting -22 this month, with all five measures down from the end of 2024. The largest fall came from the index measuring expectations of the UK general economic situation over the next 12 months, which fell by eight points, from -26 in December to -34 in January. UK borrowing hits highest December level for four years at £17.8bn According to GfK, this is 13 points worse than a year ago, in January 2024, when that figure stood at -21. Similarly, the measure for the UK general economic situation during...

Subscribe to enjoy similar stories. Fiscal discipline is a cornerstone of economic stability for any country, and India is no exception. In an era of escalating geopolitical uncertainties and changing trade dynamics, maintaining fiscal discipline has become increasingly critical to shield economies from external shocks and ensure confidence among global investors.

Subscribe to enjoy similar stories. When the new income tax regime was introduced in 2021, people were taken aback by the lack of most deductions. However, the simplified tax regime made a lot of sense.

Subscribe to enjoy similar stories. As we embark on our journey to achieve the vision of ‘Viksit Bharat by 2047,’ there is little doubt that tax policy will play a key role in realizing it. This is not just from the perspective of funding higher levels of public expenditure that becoming a developed country will entail, but also in terms of the impact it will have on the investment and economic growth needed to help us achieve this vision.

Despite Syrian President Bashar Assad's ouster last month in a lightning insurgency, the country’s dire economic conditions haven't changed

«Our sense is that the recovery has started, government has started spending again, maybe not to the extent on the budgeted estimate, we will be still short of that, but we believe that the rest of FY25 we could see a sharp recovery coming on the capex side,» says Pankaj Tibrewal, IKIGAI Asset Manager. You have been quite bearish in terms of what you have been indicating in terms of your post and in terms of your communication that markets in the month of November and December had run up. Now that markets have corrected, is it time to be more constructive? Pankaj Tibrewal: So, if you look at it, three-four things have happened which were making us nervous for the last five-six months and we were cautioning all investors that the health of the economy is not in best of the shape. First, the liquidity, we spoke to dealer, distributors across for the last few months and the durable liquidity in the system is extremely tight and that is also reflected on the laf window if you look at the banking liquidity. Clearly, that incrementally with the governor change, our view is that that would be addressed and slowly and gradually if liquidity starts to ease out, that will be the first positive sign for all.

Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level

Emerging markets could be seeing a dreaded "sudden stop" of capital flows as President Donald Trump's 'America First' policies pump up the U.S. economy and suck money away from poorer countries, investment bank JPMorgan warned on Thursday. Analysts fear sudden stops in capital flows because they starve economies of the money they need to grow or even just keep going.

mutual funds eyeing a thematic bet could put money in banking sector funds as cheaper valuations provide a higher margin of safety in an uncertain market. Wealth managers recommend investors allocate 5-10% of their overall portfolio to banking funds.

Subscribe to enjoy similar stories. Has India taken its foot off the gas? This question has begun plaguing boardrooms as the reigning “fastest-growing large economy" witnesses a slowdown. While some might say this is cyclical, concerns are rising that this slowdown is symptomatic of deeper structural challenges.

By Erin Weir

The Bank of Canada is heading into decision day next week with the country consumed by the threat of a trade battle with the United States.

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years

Economic nationalism has its roots in policy makers ignoring citizens’ quest for stability, and it has even helped countries such as South Korea and China build their economies though resorting to tariffs by the Trump administration to address those issues may be a mistake, panellists at the World Economic Forum (WEF) debating ‘Rise of Economic Nationalism’ said.

geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned.

Donald Trump that Scotch whisky and other goods should be spared from any tariffs by the new administration, UK finance minister Rachel Reeves said on Thursday, as per a report.

Elisabeth Svantesson, nighttime satellite photos of Russia's capital is being used to understand the latest standing of the Russian economy.

India Budget: As the government prepares to present the Union Budget 2025-26, there are high expectations for allocations to strategic sectors that will drive economic growth, especially after the sharp growth deceleration in the second quarter. In our view, the budget provides an opportunity for the government to reinforce its commitment to the overall growth of the economy with a sustainability perspective. This article looks at three critical areas that require the government’s specific focus to achieve long-term growth.

Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year