Pandemic Financial News

Debt-stricken Sri Lanka has marked its 77th independence anniversary with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged to heal Sri Lanka's economic woes by the end of his five-year term

Some analysts are warning that a trade war could severely impact stocks of Canadian banks as the United States and Canada break away from a long-standing, friendly economic relationship to impose tariffs on each other.

Bird flu (avian influenza) is a well-known viral disease that primarily affects birds. With the COVID-19 pandemic receding, it's important not to ignore the potential risks of bird flu. However, it has sometimes spread to other animals and humans.

(Bloomberg) — The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.”

Subscribe to enjoy similar stories. The Union budget presented by finance minister Nirmala Sitharaman on Saturday can be framed against two major shifts in the Indian economy. First, the splendid economic recovery after the pandemic shock has begun to lose steam.

Subscribe to enjoy similar stories. India has been the fastest growing large economy in the world post the covid pandemic. This period has been marked by policy stability and macro-fiscal discipline – the fiscal deficit is expected to come down to under 4.9% in FY25 and the quality of deficit has improved.

₹9.5 lakh crore for FY 2023-24, and the budgeted expenditure on interest payments was at 30.4% of the nation's revenue expenditure in FY24.The global rating agency S&P Global upgraded India's sovereign credit rating outlook to ‘positive’ from ‘stable’ in May 2024.The Economic Survey projected that India would grow at the rate of 6.5 to 7% of real GDP growth due to the improving balance sheet of the country's private sector, the estimated increase in goods and services export, normal rainfall forecast by IMD, and structural reforms in the economy.On the Inflation front, the report said that India managed to keep retail inflation at 5.4% in FY24, the lowest since the Covid-19 pandemic period. However, the food inflation hit 7.5 per cent in FY24, compared to 3.8 per cent in FY22.The report also outlined the focus outlook for the year, with increasing oilseed production, improving pulses production, focusing on storage facility for vegetables, and price monitoring data for essential food items, among other things.Economic Survey 2025 Live: The Economic Survey is an analysis report of India's growth prepared by the Economic Division of the Department of Economic Affairs (DEA).

The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong

economic growth, and expectations are high that Nirmala Sitharaman will address the matter. Contributing to the loss of momentum has been a slowdown in government expenditure, with divergent trajectories under revenue and capital heads. Revenue expenditure is growing faster than budgeted, while capex is well below target. With tax revenue slowing down, any fiscal gains could come from lagging capex. Admittedly, gov capex has been on a tear since the pandemic, and there will be knock-on effects on growth if it cannot hold on to its share of GDP.

Officials say Dubai International Airport, the world’s busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024

Subscribe to enjoy similar stories. BTB Marketing, a wholly owned subsidiary of B9 Beverages Ltd, is targeting ₹200 crore in revenue by FY26 with plans to expand its popular beer chains and taproom outlets across cities. The company aims to open 25 new outlets, with most of the growth set to come from The Beer Cafe chain, which has 51 locations nationwide, Rahul Singh, vice president of the pubs and taprooms division at the company, told Mint.

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport

Doomsday Clock” to 89 seconds till midnight, the closest it has ever been.The Bulletin of the Atomic Scientists made the annual announcement — which rates how close humanity is from ending — citing threats that include climate change, proliferation of nuclear weapons, instability in the Middle East, the threat of pandemics and incorporation of artificial intelligence in military operations.The clock had stood at 90 seconds to midnight for the past two years and “when you are at this precipice, the one thing you don’t want to do is take a step forward,” said Daniel Holz, chair of the group’s science and security board.The group said it’s concerned about cooperation between countries such as North Korea, Russia and China in developing nuclear programs. Russia President Vladimir Putin has also talked about using nuclear weapons in his war against Ukraine.“A lot of the rhetoric is very disturbing,” Holz said.

Subscribe to enjoy similar stories. As Eid came around last April, Bollywood was watching closely. It was supposed to be one of the most lucrative periods of the year for the Hindi film industry, as people normally descend on theatres in droves over the holiday weekend.

Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office

Coronavirus arrived five years ago and since then there have been waves of illness in winters all over the country. However, with the hospitalization rates going down now, the usual reports of Covid cases have now decreased.

Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep, as per a report.

Many workers hate the prospect of returning to the office five days a week — so much so that they'd quit their jobs if told to come in full-time.

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