Economy
- World
Third of global economy will be in recession this year: IMF
Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the…
- India
Income tax exemption limit likely to be enhanced in budget
New Delhi: The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to…
- India
Many youth end up in gig economy, get no job security: Rahul Gandhi
Alwar: Youth from across India come to Rajasthan to study and hope for good jobs, but many end up in the new “gig economy” which offers little security despite government efforts, Congress…
- World
Finnish economy to fall into mild recession in 2023
Helsinki: The Bank of Finland has forecast the country’s economy is expected to fall into a mild recession in 2023, although it will grow by 1.9 per cent over the entire year…
- World
Austria’s economy expected to face stagnation in 2023
Vienna: The Austrian Institute of Economic Research (WIFO) said that it expects the country’s economy to stagnate next year amid the ongoing energy crisis and the global economic downturn. Austria’s gross domestic…
- Business
BHU to study impact of Kashi Vishwanath Dham on economy
Varanasi: The Banaras Hindu University (BHU) in Uttar Pradesh’s Varanasi will now conduct a qualitative and scientific study into the impact of the revamped Kashi Vishwanath Dham in different sectors. The economics…
- World
UK economy rebounds in Oct but recession still looms
London: The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK. October’s rebound followed…
- World
Mexico’s economy still on growth track in 2022
Mexico City: Mexico’s economy will maintain a slight growth trend at the end of 2022, largely supported by the service sector, according to leading indicators from the Institute of Finance Executives (IMEF).…
- Business
India among fastest growing economies in Asia amid global slowdown: OECD
London: India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia amid a global slowdown triggered by a massive energy shock…
- World
UK: Cost of living rises as inflation hits 41-year high
London: Cost of living in the United Kingdom is continuously rising due surge in the prices of essential commodities. The inflation in the country has jumped to a 41-year high. In October…
- World
UK economy: A crisis in the making for some time, with India trade deal offering hope
London: It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long…
- World
New Zealand govt books resilient amid challenging global times
The resilient economy and the Government’s responsible financial management means New Zealand is well positioned to respond to a difficult and challenging global environment. For the three months to the end of…
- World
Economy ceased to be priority area for Chinese President Xi Jinping: Reports
Beijing: Chinese economy has ceased to become a priority area for Chinese President Xi Jinping’s administration as was reflected in the 20th Congress of the Chinese Communist Party, media reports said. Firstly,…
- World
Canada to welcome record 500,000 new immigrants
Toronto: In order to address acute labour shortage, Canada plans to welcome a record 500,000 new permanent residents till 2025, the government said while announcing the Immigration Levels Plan for 2023-2025 on…
- Middle East
PIF launches venture to promote Saudi Arabia as global Halal hub
Riyadh: The Public Investment Fund (PIF) on Monday launched the Halal Products Development Company (HPDC) to promote Saudi Arabia as a halal hub. The HPDC will also focus on the promotion of…
