Page 49 - Economy

US suggests EU consider using export controls to target China: Report

The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December.

Railways readies Rs 90,000 crore projects for freight optimisation

Ministry aims for Rs 2-trillion budgetary allocation in coming years, says minister Vaishnaw

Govt to start with one or two GACs, to present structure, working soon

Several big tech companies had expressed reservations over the GACs, which can overturn the decisions taken by grievance officers of social media companies

German economy sees unexpected growth in Q3 with 0.3% GDP expansion

The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed on Friday. Gross domestic product in Europe's biggest economy expanded by 0.3 per cent in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1 per cent in the second quarter. The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine, the statistics office said. The government said earlier this month that GDP was believed to have shrunk in the third quarter and was expected to decline again in the last three months of the year as well as the first three months of 2023 before beginning to recover. Two consecutive quarters of negative growth is one technical definition of recession. With energy prices high,

Japan's unemployment rate rises to 2.6% in September: Govt report

Japan's unemployment rate rose to 2.6 per cent in September from the previous month, the government said in a report on Friday

Centre may revamp Trai as permanent technical body, may get more power

The government and Trai have been at odds over the draft telecom bill for the past few weeks

Govt to set up social media grievance appellate committees within 3 months

The committees will be established with the aim of providing users of social media sites like Facebook and Twitter with an alternative dispute resolution method

Xi's fraying ties with West make China+1 real theme in India festive season

India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations

Shiprocket enables 1st inter-city logistics for small merchants on ONDC

Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network.

China bankers replaced by tech PhDs as Xi sparks new fund talent war

In the quest for talent, venture capital firms are forced to get creative

UK Treasury chief delays detailing new economic plans until Nov 17

UK Treasury Chief Jeremy Hunt has delayed a statement on the country's economic affairs until November 17, only a day after the new prime minister took office. Hunt told the BBC says that a two and half week delay will ensure the right decisions are taken. The statement was originally set to be announced on October 31. The Treasury says in a tweet that new Prime Minister Rishi Sunak and Hunt have agreed that the statement will include a forecast from the independent Office of Budget Responsibility. It will contain the UK's medium term fiscal plan to put public spending on a sustainable footing, get debt falling & restore stability," the Treasury said on Twitter.

Spat over format of Andhra Pradesh's capital city rattles global investors

The three-capital plan proposed by the YSR Congress implies a significant shrinkage of the Amaravati project.

Centre lays down 75-point climate-friendly agenda under Mission LiFE

Initiatives cover actions under seven categories--energy, water saving, single-use plastic, sustainable food systems, waste reduction (Swachhata actions), healthy lifestyle, and e-waste

'Not supply': AAR rules out GST on canteen fees, notice period pay

The announcement by the AAR bench came after the clarifications issued by the Central Board of Indirect Taxes and Customs (CBIC) in August

Japan govt retains economic view for 4th straight month as demand rises

The Japanese economy is recovering moderately, the government said in a report, retaining the view for the fourth successive month, owing to demand bouncing back

Brazil's central bank revises growth forecast for 2022 up to 2.76%

Financial analysts upgraded their forecast for Brazil's economic growth for 2022 from 2.71 per cent to 2.76 per cent, and from 0.59 per cent to 0.63 per cent for 2023, the central bank said

Would a championship win for Phillies be a good thing for US economy?

Would a championship win for the Philadelphia Phillies be a good thing for the nation's economy?

Protests, appeals: Why India's fishing communities are up in arms

Catch depleting as coastal infrastructure expands but there is no government, they say

Singaporeans divided on govt managing foreigners' participation in economy

Singaporeans are divided on whether the government has struck the right balance in bringing foreign workers and protecting local jobs, as the manpower-short country works out directions to maintain its economic prosperity. About 40 per cent respondents to an online survey agreed with the government policy on foreigners' participation in the country's economic activities while 44 per cent disagreed, and the rest said they did not know enough to answer. The survey of 1,000 Singaporeans and permanent residents on Forward Singapore topics was commissioned by The Straits Times and conducted by consumer research firm Milieu Insight in September. It was published on Monday. The topics included economy and jobs, health and social support, home and living environment, and education and lifelong learning. The increasing presence of foreigners, both in labour-intensive industries and professional executives in businesses, has been widely debated in public and Parliament as Singaporeans fear .

Bond market sees no end to worst turbulence since credit crash of 2007

The world's largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in 2007