Gold prices back in limelight after mild correction
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US …
global economy
India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%
New Delhi: India’s economy is expected to grow by 6.9 percent in 2024, retaining its spot as the fastest-growing major economy, said a report by a United Nations agency, in …
economic growth: Robust govt capex, improvement in business confidence to push growth: Official
Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry …
The West’s new infrastructure imperative
CAMBRIDGE, England – An emerging debate about the definition of infrastructure suggests that Western democracies are starting to shift their priorities. The renewed focus on infrastructure and what it includes …
Climate change could cost global economy $38 trillion/yr by 2050 even if emissions halted: Nature study
New Delhi: The world economy may lose 19 percent of its average income by 2050, even if carbon emissions are cut down immediately, according to a new study published in …
IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
Washington: Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, …
Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast
New Delhi: The global trade growth is expected to pick up gradually this year after a contraction in 2023 but regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial …
Poor nations are writing a new handbook for getting rich
For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce …
Western powers tangle over Russian assets at G20 finance meeting
Western powers butted heads over how to handle frozen Russian assets on Wednesday as G20 finance ministers kicked off a discussion of challenges for the global economy, trying to set …
Is it time for a coffee cartel?
SEOUL – Coffee prices have soared in recent years, owing to unfavorable weather conditions and supply shortages in major producing countries like Brazil, India and Vietnam. But even if consumers …