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NEW DELHI: Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said.“With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It…
Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…
The debate over the impact of AI on jobs is intensifying, with Nobel Prize-winning economist Daron Acemoglu challenging Anthropic CEO Dario Amodei’s prediction that half of entry-level office hobs could be eliminated. Amodei has long warned of a looming ‘white-collar bloodbath’, but Acemoglu believes that such forecasts may underestimate the complexity of many office roles….
The “jewel of the Gulf” could face serious threats if the UAE enters the ongoing Iran war, warned top US economist Jeffrey Sachs, raising concerns over vulnerabilities in cities like Dubai and Abu Dhabi, considered ‘safe havens’ in the Middle East region.Speaking to news agency ANI, Sachs said these cities, built as global tourism and…
India-Oman CEPA to boost trade, MSME exports, energy security: Bank of Baroda economist New Delhi [India], December 21 (ANI): India has taken another significant step towards deepening its integration with global supply chains by signing a Comprehensive Economic Partnership Agreement (CEPA) with Oman, a move expected to expand bilateral trade, strengthen MSME-led exports and enhance…
Former US Rep and economist Dr Dave Brat trained the guns at India over the H-1B visa program and said that while the national cap for H-1B is 85,000, one Indian district got 220,000 H-1B visas which is 2.5 times the limit. “When you hear H-1B, think of your family, because these fraudulent visas just…
Paul Gruenwald, global chief economist at S&P Global Ratings, was in India last week. In an interaction with TOI, he spoke on a range of issues from the state of the US economy, the impact of tariffs on the global economy to India’s strong economic growth. Excerpts: How do you look at global economy, given…
Scott Baulier (image credit: scottbaulier.com) Northern Michigan University recently passed over an accomplished scholar for its president role after controversy erupted over his past academic work, according to The College Fix. Scott Beaulier, an NMU alumnus and current dean of the University of Wyoming’s business school, had applied to lead his alma mater. Despite his…
India’s services and manufacturing exports hold significant untapped potential for overseas investors, according to Franziska Ohnsorge, Chief Economist for South Asia at the World Bank.“I draw attention to two opportunities for investment. One is in services exports and the other is in goods exports because it’s the export industry rather than tradable industries that foreign…
IMF economist Shekhar Aiyar has been appointed as the new Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), the think tank announced on Wednesday. He is set to take charge in November, news agency PTI reported.Aiyar currently serves as Assistant Director in the Research Department of the International…
