Tuesday, Dec 05, 2023
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World Economy

US Unemployment Claims Tick Up To 245,000, But Still Low

Employers added 236,000 jobs in March, down from 472,000 in January and 326,000 in February but still strong by historic standards.

20 April 2023

Tesla Cuts U.S. Prices Again Ahead Of 1Q Earnings Release

The company said it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago

19 April 2023

Bank Of America

Bank Of America Profits Grow 15%, Avoids Industry Crisis

Banks across the industry have been broadly seeing deposits decline as inflation makes customers and businesses tap savings to pay expenses

18 April 2023

NOKIA

Nokia Profits Down, Sees Economy Impacting Client Spending

Referring to increased sales, CEO Pekka Lundmark said that the first quarter gave “a solid start” to 2023 for Nokia but “looking forward, we are starting to see some signs of the economic environment impacting customer...

20 April 2023

Pakistan Flag

Pakistan Government Shares Plan With IMF To Secure Additional $3 Billion Support: Report

The government has also shared its plans to get $1 billion from Asian Infrastructure Investment Bank (AIIB) and other commercial banks to materialise pledges secured at the Geneva moot

19 April 2023

Dubai-Based Manlift Group To Invest Up To 25 Million Euros In India

Manlift India has three depots establishing a strong pan-India presence (Greater Noida, Penukonda & Sanand) within easy access to all Indian states

18 April 2023

India UK Discuss Developments Around Crypto Assets, Stress On Robust Global Approach To Deal With Risk

Sustainable Finance was also discussed including existing collaboration between central banks on climate scenario analysis and stress testing, as well as capacity building and spreading awareness on Climate Risk and...

20 April 2023

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Twitter To Restrict Visibility Of Tweets That Violate Its Policy

Twitter said that authors will be able to submit feedback on the label, if they think "we incorrectly limited their tweet's visibility

18 April 2023

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18 April 2023
China's GDP Grew By 4.5% In Quarter, Boosted By Consumption

China's GDP Grew By 4.5% In Quarter, Boosted By Consumption

The growth in GDP comes amid a rebound in consumption, as people flocked to shopping malls and restaurants after harsh COVID-19 restrictions were removed


18 April 2023
Christine Lagarde: US-China Split May Weaken Growth And Fuel Inflation

Christine Lagarde: US-China Split May Weaken Growth And Fuel Inflation

China, Russia and other countries are seeking to wean themselves off dependence on the United States, which has sought to use its dominance to impose...


18 April 2023
India To Challenge WTO Panel Ruling On ICT Import Duties At Appellate Body; No Adverse Impact On Industry

India To Challenge WTO Panel Ruling On ICT Import Duties At Appellate Body; No Adverse Impact On Industry

Last year, India had appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel which ruled that the country's domestic...


18 April 2023
India, Russia Working On Investment Protection Pact: Russian Deputy Prime Minister Denis Manturov

India, Russia Working On Investment Protection Pact: Russian Deputy Prime Minister Denis Manturov

The Rupee-Rouble mechanism for trade between India and Russia was established to settle dues in rupees instead of US Dollars or Euros in view of the imposition...


15 April 2023
Israel's Economy Minister Nir Barkat To Visit India On Sunday

Israel's Economy Minister Nir Barkat To Visit India On Sunday

India is Israel's second-largest trade partner in Asia and the ninth-largest globally


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15 April 2023
Crisis-Hit Pakistan Government Set To Hike Petrol Price For Next Fortnight

Crisis-Hit Pakistan Government Set To Hike Petrol Price For Next Fortnight

The expected rise in the price of petrol is based on a Rs 5 per litre exchange loss adjustment of Pakistan State Oil (PSO), which is due to the government as...


15 April 2023
India, Spain Agree To Boost Cooperation In Energy, Shipping, Defence

India, Spain Agree To Boost Cooperation In Energy, Shipping, Defence

The issue was discussed in a meeting between Commerce Secretary Sunil Barthwal and Xiana Mendez, Secretary of State for Trade, Government of Spain


14 April 2023
India, Japan And France Launch Common Platform For Sri Lankan Debt Restructuring Programme

India, Japan And France Launch Common Platform For Sri Lankan Debt Restructuring Programme

The island nation was hit by an unprecedented financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of...


14 April 2023
Rishi Sunak, Narendra Modi Agree To Expedite Progress On India-UK FTA; Resolve 'Outstanding Issues': Downing Street

Rishi Sunak, Narendra Modi Agree To Expedite Progress On India-UK FTA; Resolve 'Outstanding Issues': Downing Street

Prime Minister Modi raised the issue of the security of Indian diplomatic establishments in the UK during the telephonic conversation with his British...


12 April 2023
HDFC Bank Signs Agreement With Export Import Bank Of Korea For $300 Million Credit Line

HDFC Bank Signs Agreement With Export Import Bank Of Korea For $300 Million Credit Line

The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency of South Korea having a balance sheet size of close to $100 billion, which...


12 April 2023
IMF Slashes Pakistan's Growth Rate To 0.5 Per Cent For FY23

IMF Slashes Pakistan's Growth Rate To 0.5 Per Cent For FY23

The IMF’s current account deficit forecast is 20 basis points lower than its earlier estimate of 2.5 per cent, which had been one of the key bones of...


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11 April 2023
South Korea To Conduct 1st Launch Of Commercial-Grade Satellite

South Korea To Conduct 1st Launch Of Commercial-Grade Satellite

South Korea, the world's 10th largest economy, is a major producer of semiconductors, automobiles and smartphones


11 April 2023
Swiss Lawmakers Pick Apart Credit Suisse Woes Ahead Of Deal

Swiss Lawmakers Pick Apart Credit Suisse Woes Ahead Of Deal

Swiss authorities stepped in as shares of Credit Suisse and other banks plunged last month after the failure of two U.S. banks sparked concerns about other...


11 April 2023
Australia Suspends WTO Case Against China On Barley Tariffs

Australia Suspends WTO Case Against China On Barley Tariffs

In February, Australian and Chinese trade ministers held their first bilateral meeting since 2019, showing signs of improved relations since the previous...


10 April 2023
New Bank Of Japan Head Says Banks Stable, Rules Out Major Policy Shift

New Bank Of Japan Head Says Banks Stable, Rules Out Major Policy Shift

Prices in Japan have been rising at an annual rate of about 4 per cent, or even more


05 April 2023
To Counter China, US Trade Representative Seeks Closer Ties To Allies

To Counter China, US Trade Representative Seeks Closer Ties To Allies

China joined the WTO in 2001, many in the US assumed that it would open its economy and even allow for more political freedom


05 April 2023
Johnson & Johnson Proposes Paying $8.9 Billion To Settle Talcum Powder Lawsuits

Johnson & Johnson Proposes Paying $8.9 Billion To Settle Talcum Powder Lawsuits

The lawsuits filed against J&J had alleged its talcum powder caused users to develop ovarian cancer, through use for feminine hygiene, or mesothelioma, a...


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