When Carmelita Fernandes switched from a regular car to an electric Tata Nexon in December 2021, she was excited about the shift to a cleaner, more advanced vehicle. India’s EV market was booming, and Tata’s electric SUV had garnered significant… Read More ›
Interest rate cuts from major central banks are gathering pace as economies worldwide grapple with slowing growth and subdued inflation. As of this week, half of the ten major developed market central banks have started easing monetary policies, with the… Read More ›
Holiday retail sales in the U.S. are expected to experience their slowest growth in six years, according to a new report from Deloitte. The combination of persistent inflation and dwindling personal savings is leading consumers to adopt a more frugal… Read More ›
Expectations for a strong second-quarter sales growth at Inditex, the owner of Zara, have been dampened by unseasonably wet and cold weather in its largest market, Spain, according to analysts and investors. While Inditex managed to post better-than-expected growth earlier… Read More ›
India’s push to transform itself into a global manufacturing hub has encountered significant obstacles, highlighting the complex interplay between trade policy and geopolitical tensions. Central to this challenge is the strained relationship with China, which has historically been a key… Read More ›
The European Union is at a critical crossroads, facing the threat of economic stagnation and a “slow and agonising decline,” according to a stark report by Mario Draghi, the former Italian prime minister and ex-president of the European Central Bank…. Read More ›
Losses from cryptocurrency-related fraud surged by 45% in 2023, reaching over $5.6 billion, as scammers increasingly exploited the rapid and irreversible nature of digital asset transactions. The U.S. Federal Bureau of Investigation (FBI) reported on Monday that the rise in… Read More ›
Asian manufacturing sectors, particularly in China, displayed tentative signs of recovery in August, with chipmakers benefitting from strong global demand. However, the broader economic outlook remains uncertain due to several looming challenges, including the potential slowdown in U.S. growth and… Read More ›
China’s manufacturing sector sank to its lowest point in six months this August, as factory gate prices plummeted and manufacturers struggled to secure new orders, according to an official survey released on Saturday. The continued decline in manufacturing activity is… Read More ›
U.S. consumer spending experienced a robust increase in July, reinforcing the notion that the economy maintained its strength in the early part of the third quarter. This development has led to speculation that the Federal Reserve may reconsider a half-percentage-point… Read More ›
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