Economy Financial News

Subscribe to enjoy similar stories. In a Peak Bengaluru moment this month, a walking tour group organized a 15-day ‘BLR Walkfest,’ getting people to find out if the city is ‘walkable.’ True to the city’s brand-it-and-we’ll-do-it culture, about a hundred people signed up for every walk, which included talks on historic landmarks and lots of filter-coffee drinking, to see if they could do what millions of Indians do daily—use pavements to get around the city on foot. Many Indians ride in cushy carriages all their lives without ever stepping on a footpath, but a vast majority, most of them poor, either walk to work or work on paved sidewalks.

A protracted downturn in natural gas prices has battered the balance sheets of some oil and gas producers in Western Canada, driving insolvencies in the sector to their highest level in three years.

U.S. stocks are stabilizing following one of their worst days of the year

One97 Communications Limited (OCL), which owns Paytm. The company said these trends showcase how Paytm users travelled through the year. Throughout the year, Mumbai and Dubai emerged as the most-searched destinations, reflecting a shared love for bustling city life and luxurious escapes. A passion for affordable travel was evident among younger generations, as 36% of bus bookings came from travellers under 25.

‘Kudlow’ panelists Steve Forbes, David Bahnsen and Jackie DeAngelis unpack the state of the U.S. economy heading into the new year.

The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best.

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

Subscribe to enjoy similar stories. Russian President Vladimir Putin appeared in no hurry to seek an end to the war in Ukraine during his annual set-piece television event Thursday, seeking instead to project Russia’s strength despite President-elect Donald Trump’s stated goal of achieving a quick peace. The carefully choreographed question-and-answer session saw Putin field queries from chosen media sources and ordinary Russian citizens, during which he repeatedly portrayed Russia as resistant to the effects of the conflict, which is now nearing the three-year mark.

LONDON — The U.K.'s central bank has kept interest rates on hold as inflation moves further above its target rate, even though the British economy is flatlining at best.

Subscribe to enjoy similar stories. The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions.

Subscribe to enjoy similar stories. Investors shuddered on Wednesday after Chair Jerome Powell suggested the Federal Reserve was ready to take a break from cutting rates—and that the total quantity of reductions might be shallower than previously thought. Powell has described recent rate reductions as an effort to recalibrate borrowing costs to a more “neutral" setting.

Subscribe to enjoy similar stories. For more than two years, Russia’s expanding war economy fueled consumer spending and juiced company profits. But latterly, the conflict has pumped up inflation and interest rates, pummeling bottom lines and leaving a trail of disgruntled Russian oligarchs and executives in its wake.

Subscribe to enjoy similar stories. The Indian textile industry plays a pivotal role in the nation’s economy. The sector contributes 2.3% to India’s GDP and generates 10.5% of export revenue, according to India Brand Equity Foundation.

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending

Virginia Gov. Glenn Youngkin proposed a state budget plan on Wednesday that would permanently give tax relief on tips and cars, measures that his Republican administration has said would give money back to middle- and lower-income workers

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

«For instance, if he starts cutting taxes, we may well find ourselves in a situation where the bond market falls and we could end up with the bond vigilantes having a go at bond markets,» says Richard Harris, Port Shelter Investment. I wanted to begin by discussing the implications the hawkish stance will have on the emerging markets because dollar has strengthen now to 108 levels. There is again a flow expectation which is expected to reverse back into treasury or US equities at the most. What do you make of the implications on the other asset classes at this point of time? Richard Harris: Well, at the moment the dollar is on a tear and that is going to affect other asset classes. Traditionally emerging markets are expected to do worse with a stronger dollar and that is mainly for monetary systems because of course if they are exporting to the US, it should actually make things better. But the prevailing narrative is that a stronger dollar is less likely to be positive for emerging markets and at the moment with the way that we have seen the Fed going in the last few hours, it is likely that interest rates are going to stay higher than people think and the dollar will stay higher than people think.

Subscribe to enjoy similar stories. If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. According to provisional numbers released by the government, service exports are projected to overtake merchandise exports in November 2024.