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.
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.
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.
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.
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.
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.
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.
There were big revisions for the U.S. and the euro area, as well as China, which is now forecast to grow modestly, the only Group of 20 country with such a prospect.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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