scorecardresearch
Friday, May 16, 2025
TopicWorld Economy

Topic: World Economy

US stock futures, dollar surge as Asian markets sense Trump win

Sydney: U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election,...

91% of transactions will become digital by 2028. But here’s why we will miss cash

While current electronic payment systems work well, they do not provide the same personal freedom that cash offers.

Wall Street ends lower, US Treasury yields slide as data fuels global recession fears

The S&P 500 closed in negative territory, and megacap momentum stocks dragged the tech-heavy Nasdaq down more than 1%, while defensive stocks helped keep the Dow modestly green.

Highest rate hike by Bank of England since 1995, country warned of long recession ahead

England’s consumer inflation hit a 40-year high of 9.4% in June, over 4 times the Bank’s 2% target. Putin’s weaponisation of gas supplies will drive inflation even higher, some feared.

Worldwide biodiversity loss may push developing nations into default, says research

A 'partial ecosystems collapse' would increase annual borrowing costs for 26 nations including the US by $53 billion and trigger massive downgrades for India and China.

Indian economy looks like a champ while the world struggles. But wait, don’t celebrate yet

Outlook for India seems better than for most others, but growth forecasts are being tempered while inflation picture has got worse. Production numbers are modest, dip in business mood.

Oil at $100 threatens world economy inflation shock, Ukraine crisis may fuel inflation

Futures in London jumped as much as 3.3% as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports.

Ten ways Covid has changed the world economy forever

While the world economy is on the way to recovery, some legacies of Covid will shape global growth for years to come. Here's an overview of some of the transformations under way.

Fears of another global economic downturn rise despite good news on vaccines

As Covid cases rise, nations are imposing fresh restrictions. Economists now say it won’t take much for the US, euro area & Japan to each contract again either this quarter or next.

China’s Covid-19 economic recovery from Covid slump boosts world outlook

The IMF says Chinese growth is virtually the only reason it expects global output to be 0.6% higher by the end of 2021 compared to the end of 2019.

On Camera

Medieval Kashmir was confidently multicultural. And dazzled the world with art and ideas

Kashmiri art once outshone China, and its poets were sought after as far south as the Deccan — to say nothing of the vast reach of its textiles.

Northeast set for economic take-off with Rs 1.12 lakh cr in investment commitments from Tata, Reliance

Driving this wave of interest is the upcoming Rising North-East Investors Summit in New Delhi, organised by the Ministry for Development of the North Eastern Region.

India, Pakistan DGMOs agree to extend measures aimed at reducing border tensions

India to maintain confidence-building measures as Pakistan says military-to-military communications led to extension of ceasefire understanding until 18 May.

What is Asim Munir thinking?

Kashmir’s return to normalcy, for Pakistan Army Chief Gen Asim Munir, had to be reversed. Pahalgam wasn’t plotted in the week between the speech. It must have taken several weeks, if not months of planning.