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Budget 2020: Govt may increase spending on infra, offer tax incentives

In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1

India forecasts faster economic growth, warns of fiscal challenge

The government estimates GDP will grow 5% this fiscal year, which ends on March 31. That would be the slowest growth since the global financial crisis of 2008-09

Facebook to remove Coronavirus fake news after WHO flags global emergency

The move is unusually aggressive for Facebook, which generally limits the distribution of content containing health misinformation through restrictions on search results and advertising

India's food ministry seeks over $28 billion for food subsidies: Report

Details on the level of subsidy will be made public when Finance Minister Nirmala Sitharaman presents the 2020/21 budget on Saturday

Coronavirus to have little impact on US economy, says Trump adviser

Kudlow said the Trump administration had taken a look at the outbreak of SARS in the early-2000s and found the economic impact on the United States had been negligible

Trump impeachment trial: Democrats, Republicans brace for high-stake battle

Democrats are unlikely to muster the two-thirds majority needed to remove Trump from office no matter what happens

Blackstone quarterly profit rises 27% on asset sales, fee revenue

The buyout firm also completed the sale of its 61% stake in Swedish property firm Hembla AB to German real estate company Vonovia SE for about $1.3 billion

Mexican economy suffers first contraction in a decade in 2019: Govt data

Gross domestic product (GDP) was unchanged during the fourth quarter compared to the previous three months

Too soon to quantify potential economic impact of coronavirus, says IMF

IMF spokesman Gerry Rice added that China has enough fiscal space to support its economy though the crisis

The French fishermen who could sink Britain's post-Brexit ambitions

The fishing row shows how just one small industry - which plays a tiny economic role but has outsize political influence - can undo Britain's ambitions of landing a wider deal

As coronavirus toll rises, nations begin to isolate citizens to stop spread

Asian stocks and currencies fell on Thursday as fatalities rose and more cases were reported around the world.

India's gold demand expected to rebound from 3 year low: World Gold Council

As Indian gold prices jumped 25% in 2019, hitting a record high, consumption fell 9% from the previous year to 690.4 tonnes, the lowest since 2016, the WGC said

Crude oil prices fall as coronavirus death toll climbs, US inventories grow

WHO's Emergency Committee is set for another meeting later on Thursday to reconsider whether the rapid spread of the virus should now be called a global emergency.

Facebook revenue grows 25% in Q4 as company warns of rising expenses

Facebook has been under fierce scrutiny worldwide in recent years over its privacy practices.

US Fed keeps rates steady, flags 'uncertainties' from coronavirus outbreak

Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.

Cancer-fighting potential in nearly 50 drugs for other conditions: Study

"We found that a surprising number of non-oncology drugs are able to kill cancer cell lines in the lab," said Steven Corsello of Dana-Farber Cancer Institute

Breastfeeding and childbearing tied to lower odds of early menopause

Researchers tracked 108,887 women, ages 25 to 42, who had not yet gone through menopause

Scientists begin work on a vaccine to tackle coronavirus outbreak

In just three months time, they likely will be testing the first of a number of potential experimental vaccines against the new SARS-like coronavirus that is spreading in China and beyond

US Treasury chief Mnuchin says optimistic about US-UK trade deal

"I'm quite optimistic. I think the prime minister and the president have a very good relationship," Mnuchin told an audience at the Chatham House think tank in London

Bodies of 3 US firefighters retrieved from Australian air crash site

The crash of the C-130 tanker plane on Thursday added to national grief in Australia over bushfires that have since October killed 33 people