The Latest Breaking News from Economy

India or China? How to invest in the coming Asia boom

NEW DELHI/BEIJING: Money managers are navigating an historic shift: India’s ­population, at 1.43 billion, edged past China’s this year.

The Times of India · Aug 7, 2023

UK business confidence falls as economy slows and interest rates rise

Firms have cut back on hiring staff and manufacturing output is at its lowest since May 2020 as supply issues continue, a survey finds

The Guardian - UK · Aug 6, 2023

What Is Deflation?

Deflation worries are ramping up as prices fall following a lengthy period of persistent inflation. Here, we take a closer look at what deflation is and if investors should worry.

Kiplinger · Aug 6, 2023

Kuwait warns bilateral ties could sour over Lebanese minister’s comments

Lebanon caretaker Economy Minister Amin Salam had urged Kuwait to rebuild a part of Beirut’s port destroyed in 2020.

Al Jazeera · Aug 5, 2023

U.P. Chief Minister pushes for ‘Vishwakarma complexes’ for a self-reliant rural economy

The U.P. Government runs a ‘Vishwakarma Shram Samman Yojana’ to promote self-employment.

The Hindu · Aug 5, 2023

Keep austerity in mind when preparing 2024-25 Budget proposals, says Finance department

Finance Dept. urges govt. depts. to prepare 2024-25 Budget with extreme austerity. Estimates must be realistic & accurate, revenue & dues to be accelerated. Economy measures may require dropping uneconomical schemes & putting off activities. Deadline for non-plan expenditure is Sept. 5, plan expenditure Sept. 10 & revenue estimates &…

The Hindu · Aug 5, 2023

A year on, the devastating long-term effects of Pakistan’s floods are revealed

Country’s health and economy ruined as Islamic charity says rich nations must compensate those suffering worst of climate crisis

The Guardian - UK · Aug 5, 2023

The case for a soft landing in the economy just got another boost

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

WEKU · Aug 4, 2023

Jobs Report Shows Pace of Hiring Slowed in July: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to leave interest rates unchanged at its next meeting, experts say.

Kiplinger · Aug 4, 2023

YSRCP govt.’s reforms turned APCOB, DCCBs profitable, says Jagan

CM Jagan Mohan Reddy praised APCOB's 60-year journey, citing its role in helping farmers and strengthening rural economy. Govt. implemented NABCONS recommendations, amended 1964 Act, appointed professionals, infused ₹2,062 cr. capital. Digitalization, computerisation, professional admin. improved efficiency. Except Eluru, all DCCBs now profitable. APCOB sanctioned ₹500 cr. loans for farm…

The Hindu · Aug 4, 2023