IMF deepens India’s economic gloom, slashes growth outlook
Lender predicts India's economy will shrink by 10.3 percent this year as the country struggles with coronavirus impact.
Category Archives: Economy
Singapore’s economy shrank at a slower pace in the third quarter
While the trade-reliant economy is showing signs of recovery, sluggish overseas demand suggests a weak rebound.
How your bank savings can help save the planet
The Global Returns Project aims to use a small percentage of people's savings to help groups fighting climate change.
China returns to work with a stock market surge
After eight-day holiday, Chinese investors are encouraged by strong rebound in tourism and fall in coronavirus cases.
Diesel, the king of fuels in India, is making way for petrol
Coronavirus curbs have idled diesel-burning heavy goods vehicles, while more commuters use petrol-fuelled cars.
‘Catastrophic impact’: UK bars, clubs challenge lockdown plan
UK hospitality group launches legal action against government's plans to shut pubs, restaurants to curb spread of virus.
The British economy performed much worse than expected in August
Finance minister Rishi Sunak is due to announce a plan to support jobs that may be affected by new coronavirus measures.
Stock market investors are warming to the idea of a Biden victory
Widening lead by Democratic challenger to Trump in US election lowers risk of a contested result and market volatility.
Huawei in the UK: Parliament body says firm colludes with Beijing
Chinese telecommunications giant Huawei colludes with 'Communist Party apparatus', UK Parliament Defence Committee says.
US economic stimulus hopes give stocks a boost – for now
After saying he is halting talks with Democrats over fiscal stimulus bill, Trump said he will back targeted measures.
Despite differences, UK and EU are nearing a trade deal: Report
EU officials say the two sides will find a way to carry on trade talks beyond UK PM Johnson's October 15 deadline.
Unemployment: The biggest risk facing the world, survey shows
Infectious diseases, fiscal crises, cyberattacks, social instability are the next greatest worries for business leaders.
More than hot air: UK PM’s wind energy plan needs huge investment
Boris Johnson's plan to boost UK's wind energy capacity and create jobs will need backing of developers, analysts say.
Stocks recover losses despite Trump’s shock stimulus cancellation
Asian shares opened lower but rebounded on optimism that the US is likely to pass new stimulus measures.
US legislators propose major antitrust reforms for big tech firms
The recommendations could lead to the breakup of major tech companies if they are approved by Congress.
US to slash H1-B visas for skilled workers by a third
Skilled workers from India and China make up the majority of the 500,000 H1-B visa holders in the US.
Anti-virus software pioneer McAfee arrested for US tax evasion
US accuses John McAfee of failing to file tax returns and hiding assets, and is seeking his extradition from Spain.
Former tech CEO sentenced in US college admissions scandal
Peter Dameris was sentenced to one year of home confinement and ordered to pay a $95,000 fine.
Walmart must turn over files on alleged opioid mishandling
A judge ruled Monday that Walmart must turn over internal board discussions about opioids dating back to 2010.
Venezuela mulls 100,000 Bolivar bill. Guess how much it’s worth?
Venezuela bought security paper and considers printing 100,000-bolivar notes to keep up with 2,400 percent inflation.