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Central banks on four continents will make a final flurry of changes to borrowing costs in the coming week, before Donald Trump's return to the White House raises the prospect of global trade turmoil. By the time policymakers from Australia, Canada, Brazil and the euro zone convene for their first scheduled meetings of 2025, the US president-elect will have taken office, and a potential wave of tariffs could be closer to reality. The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.

How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.

ET. The executive, who was in India last week, mentioned that Bitget has been actively engaging with regulators over the past few months to obtain the necessary approvals for its local operations. In a conversation with ET’s Vinod Mahanta, Zade discusses Bitget’s plans for India, the impact of the Trump presidency on cryptocurrencies, the ongoing bull run, and the evolving role of crypto in a post-AI world. Edited excerpts: Q) Do you think that crypto has a future in countries like India where regulators are not in favour of digital currencies? As a company, we firmly believe that having regulations is far better than having none at all. Recently, I’ve had the opportunity to engage with some regulators in India, as compliance is a key priority for us. Binance has recently secured registration to operate in India and we are looking forward to getting ours from authorities.

Subscribe to enjoy similar stories. Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive. The S&P 500 has surged 28% in 2024 and is on pace for back-to-back annual jumps of more than 20% for the first time since a four-year stretch that ended in 1998.

Subscribe to enjoy similar stories. As demand for hotel rooms in India is expected to outpace supply in the coming years, Lemon Tree Hotels is readying itself to leverage its brand identity and capture a more premium pricing. The company’s chairperson, Patanjali G.

Subscribe to enjoy similar stories. There’s something about the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meetings that makes these the cynosure of all eyes.

Maharashtra Chief Minister Devendra Fadnavis has lauded the state as the business magnet and powerhouse of the Indian economy. «We are back and we are back with a bang,» he said at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai on Saturday. The newly elected chief minister thanked the people of Maharashtra for the mandate they gave to the Mahayuti coalition, which he said is not only unprecedented but also entrusts them with the responsibility to contribute most to the Indian economy.

fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, cautioning that «overly aggressive targets» beyond these could adversely affect India's economic growth. «India has been growing rapidly amidst a slowing global economy. Prudent fiscal management for macroeconomic stability has been pivotal to this growth,» said Chandrajit Banerjee, Director General, CII, elaborating on suggestions for the forthcoming Union Budget. CII also highlighted the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help reduce the debt-to-GDP ratio. In preparation for this, the forthcoming budget could lay out a glide path to bring the central government's debt to below 50 per cent of GDP in the medium term (by 2030-31), and below 40 per cent of GDP in the long term, CII has suggested.

Europe's economy has enough difficulties, from tepid growth to trade tensions with the U.S. Dealing with those woes is only getting harder due to the political chaos in the two biggest European countries, France and Germany

«The world didn't even count India on the economic front when XLRI came into being 75 years ago. Today, we are the fastest-growing economy and fifth-largest economy in the world, with a size of US 3 trillion. We will be the third-largest economy in the next three years at USD 5 trillion. Our economy will grow to USD 30 trillion by 2047,» he said. «We have to be wealth creators, job creators. We have the potential to create millions of jobs. The world is looking at India for digital public infrastructure… 46 per cent of digital transactions in the world take place in our country. We have become self-reliant in the service sector,» he said.

UN Trade and Development (UNCTAD). That same year, global exports of digitally deliverable services totalled USD 4.5 trillion. Such services can be delivered remotely over computer networks. Some examples include information technology consulting, creative industries, telecommunications and financial services. While digital technologies have the potential to transform global services trade, their benefits remain unevenly distributed.

Marine Le Pen teamed up with a left-wing coalition to topple the French government, pitching the country into a prolonged period of turbulence that’s likely to further unsettle investors. A majority of lawmakers in the National Assembly backed a no-confidence vote against Prime Minister Michel Barnier’s three-month-old administration following a dispute over next year’s budget. It was the shortest tenure for a premier since France’s Fifth Republic was founded in 1958. In the US, job growth picked up in November, a month after employment was constrained by two hurricanes and a commercial aircraft machinists’ strike. The unemployment rate, however, rose as long-term joblessness reached an almost three-year high.

Subscribe to enjoy similar stories. PARIS—The limestone facade of Notre Dame Cathedral is radiant. Its ornate gargoyles and angels show no signs of the smoke and flames that once billowed from the church.

Alternative for Germany party on Saturday presented its candidate for chancellor in the country's upcoming election. In practice, Alice Weidel has no chance of taking the chancellery as other parties refuse to work with the populist party. But Alternative for Germany, or AfD, which was founded in 2013, has been getting strong approval rates and is currently the second strongest party in the country after the center-right Christian Democrats. It is polling between 18% and 19% in nationwide surveys.

Subscribe to enjoy similar stories. Canada and its prime minister, Justin Trudeau, have a Donald Trump problem. The pair had an at-times rocky relationship during Trump’s first term in the White House, and the president-elect couldn’t resist getting in a dig last week during their impromptu meeting over dinner at Mar-a-Lago, his Florida estate.

Anantha Nageswaran has pointed out that listed companies are making higher profits but they are paying less to their employees. Nageswaran nudged the private corporate sector to hire more and find the “right balance between capital-intensive and labour-intensive growth”, underling that while profits of listed companies--as a percentage of GDP--hit a 15-year high in 2023-24, their wage cost increase decelerated. Without a judicious balance between the share of corporations’ income making up their profits and that going to workers as wages, there won’t be adequate demand in the economy for companies’ own products to be bought, the CEA said at an event a few days ago. Sustained income growth bolsters both consumption and savings, eventually spurring economic expansion. “In other words, not paying workers well or not hiring workers enough will end up being actually self-destructive or harmful for the corporate sector itself and for small enterprises,” Nageswaran said, stressing that even legendary economist Adam Smith had written The Theory of Moral Sentiments before his seminal work--The Wealth of Nations. “The most important ingredient of long term growth and consumption is to ensure employment income growth and, thus, spending power growth. Otherwise, it will become a mutually self-destructive cycle,” the CEA said.

U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation

China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies th...

Meanwhile, brokerages including Morgan Stanley are reiterating their expectation of a 25-basis-point interest rate cut by the U.S. Federal Reserve in December, following the nonfarm payrolls data. Financial markets currently assign a probability of around 70 per cent that the Fed will cut rates by a quarter percentage-point at its December meeting, and a roughly 30 percent chance it will pause, according to data from CME Group.

The National Federation of Independent Business serves up its small business economic trends index on Tuesday

The European Union has reached a blockbuster free trade agreement with Brazil, Argentina and the three other South American nations in the Mercosur trade alliance