Economy

<p> <strong>The deepening banking crisis in China could further deal a blow to Beijing’s ambitious Belt and Road Initiative (BRI), which has already run into troubled waters since the outbreak …

<p> Global oil prices have been easing for the last few weeks though on Monday they rose marginally. This will provide the much required relief to India’s policymakers. India imports …

<p> <strong>China’s once booming real estate sector and a pillar of economic growth is rapidly losing its sheen with prices of new homes in several major cities nosediving. This could …

<p> <strong>Pakistan’s political uncertainty could lead to delay in the release of the International Monetary Fund’s bailout package, which Islamabad urgently needs. This, analysts said, the political turmoil will further …

<p> <strong>Amid soaring inflation in the Euro area, the European Central Bank (ECB) raised interest rates. This is the first time since 2011 that interest rates have been increased.</strong></p> <p> …

<p> <strong>The banking crisis in China’s Henan province could just be the tip of the iceberg. The crisis has been brewing for years especially in the country’s smaller, rural lenders, …

<p> Rakesh Jhunjhunwala-promoted Akasa Air will launch its first commercial flight on August 7 on the Mumbai-Ahmedabad route using a Boeing 737 Max plane.</p> <p> Akasa Air said on Friday …

<p> <strong>Demand for Indian rice is expected to increase amid heavy flooding in countries such as Thailand and Vietnam, which have been dominant players for this staple grain in the …

<p> <strong>The spectacular win for former prime minister Imran Khan’s Pakistan Tehreek-e-Insaaf in the Punjab assembly by-elections has only aggravated the political uncertainty in the South Asian country. The direct …

<p> Elon Musk-controlled Tesla has revealed that it sold off 75 percent of its Bitcoin holding, worth $936 million. The disclosure comes as a major setback for the cryptocurrency which …

<p> <strong>Pakistani Finance Minister Miftah Ismail said the ongoing domestic political turmoil has led to the depreciation of the country’s currency. The Pakistani rupee hit a new low of more …

<p> <strong>Germany's acute energy crisis is largely due to the country's former chancellor Angela Merkel, touted as one of the tallest leaders of her times. Merkel, who was at the …

<p> Europe is in the grip of its worst energy crisis in many decades. The intense heat wave has made things worse for the continent, which is staring at an …

<p> <strong>Will Indian startups tide over the rising challenges amid thinning funding? Even as funding into Indian startups in the April-June quarter slowed down significantly at about $7 billion compared …

<p> <strong>Sri Lanka’s central bank has warned that the bankrupt country’s economy could contract by more than 6 per cent this year amid intense political and social turmoil. Following the …

<p> Income Tax Department has unearthed a Rs 75 crore black money trail in a search and seizure operation on a Delhi and Mumbai-based business group, engaged in the business …

<p> <strong>Environmental activists have suffered a setback amid massive protests by Europe’s farmers against the push for organic farming. The protests that began in the Netherlands but spread to several …

<p> <strong>After weeks of hectic negotiations, the International Monetary Fund (IMF) has finally agreed to provide $1.17 billion to cash strapped Pakistan under the extended fund facility (EFF), which was …

<p> <strong>Just ahead of the much-awaited meeting of G20 ministers and central bank governors amid worsening economic situation driven by the prolonged Russia-Ukraine war, Kristalina Georgieva, the top boss of …

<p> Is the deepening economic crisis in Pakistan starting to impact its startup ecosystem, which was abuzz with funding till recently? With Pakistan’s most watched out startup — Airlift, announcing …

<p> The Income Tax Department has detected that a leading Bengaluru-based pharmaceutical group has dodged tax to the tune of Rs 300 crore which it should have paid up, according …