Global Economy
Ratan Tata: Indian mogul who built a global powerhouse
Industrialist Ratan Tata, who has died aged 86, was credited with transforming India’s Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.
China opens $71b ‘swap facility’ to boost markets
China’s central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country’s flagging economy.
Climate action not a burden, but an opportunity for businesses: energy adviser
Bangladesh Apparel Exchange organised the second edition of Bangladesh Climate Action Forum 2024 today
Chinese electric car companies cope with European tariffs
MG, an historic British company that is now a subsidiary of Shanghai SAIC, now faces EU duties of 35.3 percent
Oil prices rise on US storm, fears of Israel-Iran conflict
US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
German govt sees economy shrinking again in 2024
Output is expected to shrink by 0.2 percent in 2024, the economy ministry said in a statement
China opens $71 bn 'swap facility' to boost markets
The news lit a fire under mainland and Hong Kong equities on renewed hopes that officials would finally get a grip on the issues that have dogged the economy for years
The US economy is solid: Why are voters gloomy?
Cooling inflation, low unemployment, robust economic growth and... downbeat voters.
Tesla reports drop in auto sales, while Toyota sees US surge
Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers
Telenor to cut around 100 jobs in Norway as part of reorganisation
Telenor on Wednesday said its Norwegian unit will lay off around 100 employees and substantially reduce its number of temporary staff and consultants
Sri Lanka recovering but poverty enduring: World Bank
Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty
US-China economic flashpoints in Yellen's China trip
As Yellen arrives in China on Thursday, what issues does she face?
World Bank set to issue up to $1 billion in debut hybrid note this year
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
India gold prices soar to record high, dampening demand, dealers say
Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 grams, up nearly 10 percent so far in 2024
Weak Asian factories take shine off China's rebound
Export powerhouses Japan and South Korea saw manufacturing activities shrink, as well as Taiwan, Malaysia and Vietnam in a sign of the fragile state of the region's economies
India's GDP set to grow 8% or more in Jan-March quarter, finance minister says
India's gross domestic product is on track to grow by 8 percent or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday.
Scooter sales rev up as riders seek comfort
Local retailers post up to 65% rise in monthly scooter sales
India's forex reserves jump to record high
It hit a record high of $642.63 billion as of March 22