Tag: economy

Trump promised to win the trade war with China. He failed

But as the president makes his case for a second term ahead of November’s election, he doesn’t have much to show for a bruising trade...

Learn to read the news to earn money

It seems that the economy is going crazy, but as an entrepreneur you must be aware of what is happening in the world. Journalist Isabella...

Nifty: Nifty overbought, market may see sectoral rotation in the near term

The domestic equity market took a breather during the week gone by after registering a steep one-day drop in the previous week. FPIs and DIIs...

Global stocks slide as progress on stimulus stalls with just two weeks to go to the US election

REUTERS/Brendan McDermid Global stocks slid on Thursday after the US Senate’s stimulus smack-down dimmed the prospects of another relief package ahead of the November...

Global stocks jump after Pelosi sets Tuesday deadline for US stimulus vote; China posts strong economic data

Global stocks jumped on Monday, after Democrat House Speaker Nancy Pelosi set an end-Tuesday deadline to reach an agreement on the US coronavirus stimulus plan....

UK unemployment hits 3-year high in August, as COVID-19 sees nearly 3 million people claim jobless benefits

WIktor Szymanowicz/NurPhoto via Getty Images UK unemployment jumped to its highest rate in over three years, rising to 4.5% in the three months to...

The US economy can survive without new stimulus until after the election and avoid a double-dip recession, Morgan Stanley’s investment chief says

Bloomberg TV The US economy doesn’t need stimulus in the next 30 days, Morgan Stanley’s top equity strategist told CNBC’s “Closing Bell” on Tuesday.  “I...

Nancy Pelosi says progress is being made on more US stimulus, and tells airlines ‘don’t fire people’

REUTERS/Yuri Gripas House Speaker Nancy Pelosi told CBS News on Sunday that lawmakers are “making progress” on more US stimulus, and said US airlines should hold...

The UK economy shrank more than it has done in 65 years, plunging 19.8% in the second-quarter

TOLGA AKMEN/Getty The UK economy posted a record contraction in the second quarter of the year, with gross domestic product plunging 19.8% between the...

RBI policy delay: RBI’s ‘reckless’ delay on policy panel holds back recovery

By Anirban Nag India’s government injected more uncertainty into the economy this week, failing to act in time to appoint members to the central bank’s...

The World Economic Forum’s flagship Davos summit might not take place at all next year, according to Swiss media

FABRICE COFFRINI/AFP/Getty Images The World Economic Forum’s flagship Davos summit might be cancelled for 2021, according to a report in the Swiss media. Originally,...

Global stocks slide as France, Spain, and the UK record thousands of new COVID-19 cases

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 29, 2019. Brendan McDermid/Reuters Global stocks fell...

The OECD warns the world economy will collapse by 4.5% this year, in its worst slowdown since World War Two

SOPA Images/Getty The world economy will collapse by 4.5% this year despite a swift recovery from the COVID-19 pandemic, according to the Organization for...

UK inflation hits lowest level since 2015 after government’s dining-out scheme cuts prices at restaurants

Jim Edwards UK inflation hit a near five-year low in August, the Office for National Statistics (ONS) said Wednesday.  August’s Consumer Price Index...

‘Policy reforms need to avoid lasting impact of pandemic on economic growth’

By Anand Radhakrishnan It is in a crisis situation that the best lessons are learnt. The Covid-19 pandemic has exposed the fragilities of the strongest...

UK unemployment nears 2-year high in July, as pandemic claims 750,000 jobs since March

TOLGA AKMEN /Getty The UK’s unemployment rate rose to near two-year highs at 4.1% in July, as almost 750,000 jobs were lost since March...

Indian economy | India GDP growth: ADB expects India’s economy to contract by 9% in FY2020-21, sees strong recovery in FY22

Asian Development Bank expects India’s economy to contract by 9% in FY2020-21 as against 4% forecast in June as the Covid-19 pandemic weighs heavily on...

Cong favours joint Oppn candidate for RS deputy chairman’s post; China, economy, COVID to be raised during Monsoon session

New Delhi: The Congress on Tuesday decided that the opposition should not let the Rajya Sabha deputy chairman’s post go uncontested and favoured putting up...

The economy still has a mountain to climb, but it’s digging itself out faster than expected

Is the economy half-full or half-empty? That’s the burning question after a surprisingly upbeat U.S. jobs report for August. Read: U.S. regains 1.4 million jobs...

France reveals fresh stimulus worth 100 billion euros — almost 4% of its GDP and bigger than any other European economy

THOMAS COEX/Getty Summary List Placement France launched a fresh stimulus plan worth 100 billion euros on Thursday to prop up the economy from the downturn...

Salaried reassess money goals as covid-19 widens liquidity gap

According to ArthaYantra, a financial wellness and wealth management platform for working professionals, India’s average financial health score pre-covid was 354 on 1,000. A score...

Dating app Bumble is preparing for an IPO worth between $6 billion and $8 billion

Bumble/Facebook Dating and networking app Bumble is readying to go public as soon as early 2021, according to Bloomberg. Bumble could seek an IPO valuation...

markets news | economy: Worried about disconnect between markets and economy? Here’s what you should do

By G Pradeepkumar Equity investors are a worried lot! The stock market crash of March 2020 erased a lot of the gains from their mutual...

India’s export uptick led by East Asian economies; China leads with 78% growth: Report

MUMBAI: The massive improvement in the country’s export numbers in July is led by a full 78 per cent spike in shipments to China and...

Jawaharlal Nehru Port: JNPT traffic declines 26 pc till July since COVID-19 outbreak, sees recovery ahead

Mumbai: The coronavirus pandemic outbreak negatively impacted overall traffic at the country’s largest container port JNPT by 26 per cent year-on-year till July, but it...