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Pakistan’s claimed economic recovery is turning its back on the people who need it most, according to a new World Bank report. While the government celebrates growth under the IMF programme and stock markets hit record highs, the reality is quite grim for millions of citizens who continue to struggle with poverty and inequality, The…
The United States has delayed the release of a key employment report as a partial government shutdown entered its third day on Friday, creating uncertainty over the state of the world’s largest economy.Other economic indicators scheduled for publication this week, including weekly unemployment claims, have also been postponed, depriving policymakers and businesses of crucial information…
Sanjay Malhotra’s remarks assume significance at a time when the Donald Trump administration has imposed 50% tariffs on Indian exports. (AI image) RBI governor Sanjay Malhotra on Wednesday flagged trade and tariff related risks to India’s growth story, while expressing confidence about the resilience of the economy. In his monetary policy review statement, RBI governor…
India’s economy is expected to grow 6.5% in the current financial year, the Asian Development Bank said in its latest report, revising the earlier figure downwards from 7%.ADP had predicted the GDP to reach 7% in April but downgraded it as concerns arose surrounding the sharp 50% tariffs in Indian import to the country.This reduction…
Union minister Ashwini Vaishnaw, along with Bihar Deputy Chief Minister Samrat Choudhary, on Monday inaugurated seven new trains in Bihar, including three Amrit Bharat Express services. The launch raises the total Amrit Bharat Express services originating from Bihar to 26 out of 30 nationwide, strengthening connectivity within the state and across the country.The newly flagged…
As the world’s third-largest oil supplier, Russia’s position is significant. (AI image) Taking Russian oil out of the global market would turn the price dynamic ‘upside down’, says S&P Global Commodity Insights co-president Dave Ernsberger. Geopolitical factors are expected to continue influencing oil markets in the coming year, with a complex relationship between policies and…
The Donald Trump-led US administration is considering a plan to impose tariffs on imported electronic devices depending on the number of chips in each one of them, Reuters reported, citing three sourcesUnder the proposal, the US commerce department would calculate tariffs as a percentage of the product’s estimated chip value, in a move designed to…
Shell faces low oil prices and US tariff uncertainty (Image credits: X @Shell) US President Donald Trump’s tariffs are creating uncertainty into the global economy, impacting investment decisions more than supply chain costs, said Shell India’s Robin Mooldijk, president of projects and technology.“The primary effect is on our supply chain. It becomes more expensive and…
US Federal Reserve Chairman Jerome Powell (File photo) US Fed FOMC Meeting: Led by chairman Jerome Powell, the US Federal Reserve on Wednesday announced a 25 basis points rate cut after the FOMC meeting. “In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower…
