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Topic: Financial crisis

WTO cuts global trade forecast to lowest levels in a decade

It’s the third consecutive year the WTO has reduced its expectations for global trade growth, reflecting similar readings from World Bank and IMF.

King of Indian bond sales warns of biggest crisis since Lehman

Axis Bank's Shashikant Rathi says the bond market is in 'complete chaos' since the shock defaults last year by IL&FS.
IMF 2018 annual meeting

These are the tremors that are beginning to rattle the world economy

Widespread feeling at IMF meeting was that ground under global economy, financial markets and multilateral trading system has started to shift. 

On Camera

Representational image | Pixabay

Scuba divers are turning plastic waste in the oceans into Covid face masks

Diving organisation PADI has teamed up with a watersports clothing company to recycle bottles recovered from the ocean to make a range of face coverings.
A worker wearing a protective mask operates a tape cutting machine at a factory in Haryana on 20 April | Bloomberg Photo

How Indian factories are trying to overcome labour shortages as economy reopens

Some companies are promising free travel tickets, housing & food to draw workers to urban areas, others are hiring new faces from nearby locations.

Defence

Indian Army personnel in Srinagar (file) | Photo: Praveen Jain | ThePrint

Army postpones mandatory annual, periodic medical tests of soldiers as Covid cases rise

Army conducts annual & periodic medical exams to assess fitness of all soldiers. Decision to postpone tests expected to ease burden on military hospitals.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.