According to a study released on Monday by the finance ministry, India’s GDP is expected to develop by 6.5% to 7% in the current fiscal year that ends in March 2025, which is less than the 7.2% growth predicted by… Read More ›
Economy & Finance
Chinese Business Group Requests That The EU Update Its EV Research Findings
This week, at a hearing before the European Commission, an industry group representing twelve Chinese automakers claimed that EU tariffs on electric vehicles manufactured in China were illegal and needed to be lifted. At a hearing on Thursday, the China… Read More ›
Drop In Asian Foreign Reserves In The First Half Of 2024
As central banks have stepped in to defend their currencies, Asia’s foreign reserves have decreased this year, with South Korea, Indonesia, and Japan seeing the biggest reductions. By the end of June, foreign reserves in 12 countries—from Japan to India—had… Read More ›
China Promises To Modernise Its Industry And Restates Its Prior Policy Objectives
Chinese officials restated their broad economic policy objectives on Thursday, without providing specific implementation methods,. These objectives include modernising the industrial complex, boosting domestic demand, reducing debt, and reducing risks associated with the real estate sector. The promises were made during… Read More ›
With Deepening Tech Fall, Europe Awaits Signals From ECB
On Thursday, traders in Europe attempted to rescue the stock markets from a tech-driven decline, with all eyes focused on whether the European Central Bank would indicate that September is the next likely month for rate cuts. The day was… Read More ›
China’s Property Rescue Effort Aims To Kill Many Birds With One Stone
Following Beijing’s directives for Chinese towns to purchase recently constructed flats and convert them into affordable housing, the initial actions were to provide proposals to expand the eligibility for subsidies and address other financial difficulties. In an effort to ease… Read More ›
Lenders Should Speak With Loan Defaulters Prior To Labelling Accounts As Fraudulent, Orders Central Bank Of India
Following a ruling by the nation’s highest court, the central bank of India requested on Monday that lenders provide delinquent borrowers an adequate amount of time to react before labelling their accounts as “fraud accounts.” According to an announcement from… Read More ›
As EU’s Vestager Cautions About Tech Costs, Apple Allows Competitors To Utilise Tap-And-Go Payments
Rivals will be able to use Apple’s tap-and-go mobile payment system, the EU antitrust authority announced on Thursday. However, Apple’s CEO, Margrethe Vestager, stated that the company has not yet altered its operations to conform to historic tech regulations. According… Read More ›
Japanese Company Acquires British Pioneer In AI Chip Designing
A Japanese corporation has acquired British artificial intelligence (AI) chip manufacturer Graphcore, which was formerly seen as a possible competitor to industry leader Nvidia. Softbank has not revealed the amount it paid, however it is believed to be a significant… Read More ›
Excluded UK Markets Appear As A Refuge From World Turbulence
As political unpredictability increases in the US and other parts of Europe, investors are turning to UK markets as a possible refuge. This may be a dramatic turnabout for a nation that had seemed to lose its allure to international… Read More ›
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