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Subscribe to enjoy similar stories. China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump.

Subscribe to enjoy similar stories. Almost everywhere, government-bond yields are rising fast. Those on ten-year American Treasury bonds are almost 5%.

artificial intelligence, promising to create special zones for data centres and encouraging more graduates to study technology-focused courses. Starmer will say he wants to put AI at the heart of his ambition to grow the economy, while the government will claim if the technology is fully adopted it could increase productivity by 1.5% a year, worth an extra 47 billion pounds ($57 billion), annually over a decade. Ahead of a speech in London by Starmer on AI, the government said it will adopt all the 50 recommendations set out in the report "AI Opportunities Action Plan" by venture capitalist Matt Clifford, submitted to the government last year.

Sundararaman Ramamurthy, MD & CEO, BSE, says as the nation grows, so does its economy, leading to the expansion of individual enterprises. Entrepreneurs are investing their life savings into their ventures, and I believe that small and medium-sized enterprises (SMEs) will thrive, with many advancing to the main board. Once listed, these companies may pursue multiple exchange listings, enhancing liquidity, credibility, and access to financing, which will support greater capital formation and benefit the economy. What is your view on how the SME listings for BSE would move for this year? Sundararaman Ramamurthy: Let me give you a macro picture and then let me come to the BSE picture. From a macro level, we are talking about 6.2, 6.3 crores of SMEs in the country. Today we are talking about the total listing of some 1,000 plus companies across exchanges. All the 6.2 crore companies may not be big enough to come for listing or may not be requiring a listing as well.

fintech companies are seeking tax support from the government for last-mile agents and business correspondents, popularly known as ‘bank mitras’. In a letter sent to the finance ministry, the industry body Business Correspondents Resource Council (BCRC) has sought a uniform goods and services tax rate of 5% for BC transactions. Currently the government levies no tax on accounts in rural branches and Jan Dhan accounts, but transactions through other accounts are charged at 18%.

Subscribe to enjoy similar stories. India may record a fiscal deficit for FY25 at 4.7-4.8% of GDP, below the budgeted estimate of 4.9%, marking yet another step towards fiscal consolidation. The revision is expected to be primarily driven by lower expenditure, notably on planned capital investments, along with higher-than-anticipated dividends from the Reserve Bank of India (RBI), two people aware of the matter said.

U.S. president-elect Donald Trump’s increasingly bold threats against Canada’s economy and sovereignty suggest “there’s something dangerous brewing” and a serious response is needed, a U.S. analyst says.

Subscribe to enjoy similar stories. Wall Street is really worried about bonds. It might be time to buy some.

Subscribe to enjoy similar stories. Experts writing about the forthcoming budget and making weighty proposals usually focus on routine macro parameters: the fiscal deficit, capital and revenue accounts, growth in gross domestic product (GDP), inflation rate and interest rates. These are important parameters and merit close attention to understand the economy’s growth path.

Subscribe to enjoy similar stories. New Delhi: The government plans to count springs and their sheds in the seventh minor irrigation (MI) census expected to start next month, two officials said. A spring-shed is a land area with groundwater that contributes to a spring.

Subscribe to enjoy similar stories. India’s economic growth story has been impressive. Gross domestic product (GDP) is expanding, corporate profits are looking up and the country is asserting itself as a global economic powerhouse.

Britain’s Treasury chief has kicked off a China visit aimed at boosting economic and financial cooperation between the countries, as the U.K.’s Labour government seeks to reset strained ties with Beijing

homebuyers and businesses who were counting on sharply lower interest rates to lower the cost of buying everything from refrigerators to homes, AP reported. Employers added 256,000 jobs last month, up from 212,000 in November, the Labor Department reported Friday. Unemployment, which was expected to hover around 4.2 per cent, fell to 4.1 per cent last month. Health care companies added 46,000 jobs, retailers 43,000 and government agencies at the federal, state and local levels 33,000.

export of nuclear energy technologies, so the sanctions are seen as a form of unfair competition from unfriendly states," it said. «For nearly three years, we have operated under growing sanctions pressure, adapting successfully and remaining prepared for any scenario. Rosatom continues to meet all its commitments to partners in full,» Rosatom said in a statement. President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict. Two Indian companies-Skyhart Management Services and Avision Management Services- and senior officials from Rosatom which specialises in nuclear energy, nuclear non-energy goods and high-tech products were among the over 150 entities and individuals, including major Russian oil producers Gazprom Neft and Surgutneftegas, Russian insurance companies, and shadow fleet vessels, were imposed with restrictions.

India Budget: India’s space ambitions are soaring, with the Indian Space Research Organisation (ISRO) positioning itself as a critical player on the global stage. However, as the nation charts its path to becoming a global space superpower, the question remains: Does India need a higher space budget to achieve its ambitious dreams? The answer may be found soon as India gets ready to present its Union Budget for the next fiacal year. Despite fluctuations in funding, the space sector has contributed significantly to India's economy. Over the past decade, the space sector has generated $60 billion for India’s GDP, creating 4.7 million jobs, including 96,000 in the public and private sectors, according to Socio-Economic Impact Analysis of Indian Space Programme. The sector's contributions are particularly evident in areas such as satellite-based weather forecasting, which benefits millions of farmers and fishermen across the country. ISRO’s satellites also provide high-resolution imagery that plays a crucial role in national security. Click here to find out more about what may happen in Union Budget 2025

Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month.

«In December, I judged that the evidence supported maintaining bank rate at 4.75% and that recent developments supported the case for a gradual approach to the withdrawal of policy restrictiveness in the coming months,» Breeden argued. But she pointed to economic shocks and flagged the importance of «taking a view on which shocks are hitting the economy and how they might play out over time» in order to decide where monetary policy is heading. «Attributing data news to the 'wrong' shocks can have material implications for our understanding of the evolution of the economy in the future...

Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies

The Labor Department reported Friday that job growth was up last month from 212,000 in November. The unemployment rate dropped to 4.1% from 4.2% in November.

StoneX chief market strategist Kathryn Rooney Vera discusses the importance of cutting federal spending on Making Money.