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Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

World economy is headed for recession in 2023 amid rate hikes: Research

That institution warned in October that more than a third of the world economy will contract and there is a 25% chance of global GDP growing by less than 2% in 2023

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

China's economy is showing increasing strain from the Covid tsunami

Even before the curbs were lifted, China's economy was struggling, with a slump in consumer spending deepening and industrial output growing the slowest since the spring lockdowns

Facing questions over accuracy, China stops releasing Covid-19 cases data

The commission didn't provide a reason for the change in policy, but said that the Chinese Center for Disease Control and Prevention will release Covid-related info for studies and reference

No major mutations, existing strains driving China Covid outbreak: Study

Some global health authorities and governments have expressed concern the outbreak in China could spur the development of dangerous new variants

China says aims to rebuild US ties, boost communication with Europe in 2023

Beijing's assertive foreign policy has contributed to a collapse in public support across the developed world during Xi's decade in power

Elon Musk says Twitter to allow users to turn off view count feature

Twitter will tweak its recently rolled out view count feature, allowing users to turn it off if desired, Elon Musk said in a response to a tweet

Elon Musk warns against margin debt on risk of market 'mass panic'

I would really advise people not to have margin debt in a volatile stock market, Musk said

Two Chinese cities reveal Covid cases that far exceed national tally

These local estimates show a huge discrepancy with the official tally of only 4,103 cases reported for China for Dec 23

US speeds up timeline in delisting threat for Chinese firms over audits

China and the US had been at odds over the issue for years, with Beijing citing national security concerns in opposition

Amazon looks to sell excess air cargo space as demand cools post-pandemic

The long-term plan for Amazon Air hasn't changed despite the current turmoil

Epic storm wallops US, Canada with blackouts, travel chaos in holidays

While it's packing plenty of snow and frigid temperatures, the storm is mostly noteworthy for its size and speed

Trump lit that fire, says House report on Capitol Hill insurrection

Panel urges steps to safeguard US electoral integrity, asks Congress to weigh barring Trump from office

China reports 37 mn infections a day, rings Covid-19 alarm bells

Beijing's swift dismantling of Covid Zero restrictions has led to the unfettered spread of the highly contagious omicron variants in a population with low levels of natural immunity

Meta to pay $725 mn damages for sharing user data with Cambridge Analytica

Meta Platforms has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica

Tech bulls face worst December in 20 years as US Fed anxiety grows

Add to that weak results from chipmaker Micron Technologies Inc., and the session turned into a brutal one for equity bulls, who are again fretting over the risk of a potential recession

House Jan 6 panel urges Congress to weigh barring Donald Trump from office

In its final report issued, the committee called for assessing whether anyone, possibly including Trump, who took an oath of public office and later stoked the insurrection should be disqualified

Centre may spend less on fertiliser subsidy to narrow its budget deficit

The lower fertilizer allocation will help with India's goal of cutting its budget deficit. Food and energy costs have jumped after Russia's invasion of Ukraine

US House Jan 6 panel recommends steps to safeguard electoral integrity

In its final report issued Thursday, the committee called for closing loopholes and boosting security for the congressional count of presidential electors, while also strengthening the Capitol Police