Economy Financial News

Subscribe to enjoy similar stories. The Indian fast-moving consumer goods (FMCG) industry has been experiencing continuous expansion recently. The key drivers of this expansion are consumer-driven growth and higher product prices, particularly for essential goods.

Subscribe to enjoy similar stories. President Donald Trump has issued an executive order aiming to curtail the scope of birthright citizenship, a policy granting citizenship to anyone born on US soil. If upheld by courts, this order could hurt millions of immigrants, including those of Indian origin.

«As far as your fundamentals or numbers or visibility is concerned, there is no big change in stance as far as IT services is concerned. Now, you can say they are actually dancing to the tunes of what happens in US today because that from the last 10-15 days that has become the most important narrative,» says Amnish Aggarwal, Prabhudas Lilladher. You have a very strong association with the FMCG sector. You have tracked the sector for years now before you took over this new role. What do you make of HUL numbers? Amnish Aggarwal: So, the numbers I would not say that there was anything big negative or positive in that because there are a few factors which are structural and a few factors which are cyclical.

Subscribe to enjoy similar stories. Natural disasters and severe weather cost the global economy $417 billion last year, including $154 billion for which insurers were on the hook, according to a new report. Last year was the warmest year on record dating to 1850 and saw a record 21 natural catastrophes with multibillion-dollar price tags, according to a report from Gallagher Re, a reinsurance broker.

artificial intelligence spending. Shares in Japan started the day higher but benchmarks in Australia and Korea slipped. The MSCI Asia Pacific index was flat. The tepid open for Asian markets came after the S&P 500 rose 0.6% on Wednesday, putting the index close to an all-time high.

The rally in Canadian bank equities is at risk from a potential trade war that would quickly cause a surge in unemployment and loan defaults, analysts at National Bank of Canada said.

If you’ve ever used online banking to send money as a gift, pay a friend back for dinner or send rent to your landlord, there’s a good chance you used Interac e-Transfer to do it. The service allows people to request, send and receive money directly through Canadian personal and business bank accounts. Interac Corp. says 88 per cent of Canadians have used e-Transfer, and the company processed nearly 1.2 billion transactions in 2023.

Subscribe to enjoy similar stories. The Union budget 2025 has provided a good opportunity to consider measures that can further support the insurance sector, which is fundamental to fostering a secure and resilient economy, supporting both individual and collective financial well-being. The Insurance Regulatory and Development Authority of India’s (Irdai) vision of ‘Insurance for all by 2047’ aligns closely with India’s broader ambition of becoming a developed economy within a similar timeframe.

Subscribe to enjoy similar stories. As India aims to emerge as the Skill Capital of the World, a vision fuelled by the potential of its youth and the aspirations of the National Education Policy (NEP) 2020; it’s a journey that must be driven by shared effort. With over 65% of our population under 35, the opportunity to unlock the potential of this demographic dividend is immense.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos

Canada needs to start fixing its “stinker” of an economy regardless of whether Donald Trump imposes tariffs next month so it can prevent similar threats in the future, economists say.

Canada’s consumer price index rose 1.8 per cent in December from the year before, less than the 1.9 per cent increase expected by economists, giving the Bank of Canada a final data point before it meets Jan. 29 to announce its next interest rate decision.

Donald Trump continues to talk about Canada after beginning his second term as United States President on Monday.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the situation for high-income groups, a Mint analysis showed.

Subscribe to enjoy similar stories. Almost two years have passed since OpenAI released GPT-3.5 to great fanfare. Bill Gates, co-founder of Microsoft, compared the technology’s arrival to his first encounter with the graphical user interface—a breakthrough that reshaped personal computing—in the 1980s.

Dave Drimmie recently drew widespread criticism for using his daughter’s car accident as a metaphor to promote his services on LinkedIn. While some expressed concern for his daughter’s well-being, others found his post distasteful, accusing him of leveraging a traumatic incident for professional gain.

Ajay Bagga, Market Expert, says the markets have decided that Trump will implement tariffs, and they are advising to sell now and ask questions later. This is what we are currently observing. There’s nothing particularly concerning about India, aside from our sluggish economy, decreasing earnings, and some policy spending that didn’t happen last year, but we hope will improve next year. The overall economic situation in India hasn’t changed to justify today’s 2% drop, but this is typical when you are connected to the global market. What is it that you are making of this free fall in the market? It is almost smacking of capital protection and I am sure viewers are wondering whether or not to book out their gains. Ajay Bagga: I would say that if you believe in the India story on a two-year, four-year, six-year basis, then we are still looking very good. Right now, there is a huge change in global politics, global messaging and Trump, by design, practices indisciplined messaging. The morning started well. The dollar was down one percent. The dollar index was down one percent at the start of the US day and then in the Oval Room, while signing some agreements, a journalist asked him about tariffs and then he held forth that maybe we will put 25% on Canada and Mexico, maybe we will do it on 1st February and that is where the markets took a swing back.

Subscribe to enjoy similar stories. MORE THAN 90 years ago Franklin Delano Roosevelt surveyed the wreckage of the Great Depression. He pointed to one of its causes: sky-high tariffs had put America on the “road to ruin" by inviting retaliation and suffocating investment.

U.S. President Donald Trump could hit Canada with tariffs as early as next week, raising the risks that Ottawa would impose retaliatory tariffs on the United States amid growing fears of a trade war.

December’s inflation data offered a mixed bag to the Bank of Canada as it gears up for its first interest rate decision of 2025 with U.S. President Donald Trump’s tariff threats still looming over the Canadian economy.

Adam Grant, OpenAI CEO Sam Altman shared his thoughts on AI’s growing influence. «My kid is never gonna grow up being smarter than AI,» Altman stated, noting that future generations will consider AI’s intelligence a natural aspect of life. «And that'll be natural. And of course it's smarter than us. Of course, it can do things we can't, but also who really cares?» he added.