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EXPLAINED: 2 | Rare Historical Photos

Fed Chair Warsh sees global investment surge replacing savings glut

Fed Chair Kevin Warsh told G20 finance leaders that the global economy may be shifting from a savings glut toward an investment boom, driven partly by AI spending. Stronger investment and productivity could boost growth, but reduced Treasury demand, higher yields and potential inflation pressures may complicate monetary policy decisions.

The Economic Times

Scott Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties

US Treasury Secretary Scott Bessent is meeting with global finance ministers in Asheville this week. He aims to focus discussions on economic growth and managing international debt burdens. The meetings occur as the US escalates sanctions against Iran and faces trade disputes. Bessent seeks international support to isolate Iran and…

The Economic Times

US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strength

U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury's increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded…

The Economic Times

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India's FY27 growth seen at 7-7.2% as capex, domestic demand offset global headwinds: EY

India's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by buoyant domestic demand and continued government focus on capital expenditure, while nominal GDP growth could reach 12.5 per cent-13 per cent, according to recent report by EY. The firm said economic…

The Economic Times

India hits FY26 fiscal deficit target, stays on debt-cut path: Nirmala Sitharaman

India's Finance Minister confirmed achieving fiscal deficit targets for 2025-26. The government plans to reduce the debt-to-GDP ratio to fifty percent by 2030. Domestic economic growth sustained over seven percent despite global headwinds. India managed fertilizer shortages and shipping risks through government intervention. Bilateral trade agreements are advancing due to…

The Economic Times

Economic growth data next milestone for Reserve Bank

GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.

AAP

"We do not merely follow rules; we make rules": Rajnath Singh on India's growing global stature

India now commands global attention and shapes international rules, according to Defence Minister Rajnath Singh. The nation is achieving significant milestones in its space program and preparing for future missions. Developments in education and innovation have propelled India to new heights globally. Character building and values are essential for national…

The Economic Times

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Andy Burnham must focus on London to deliver economic growth, says top adviser Lord O’Neill

Lord O’Neill says promise of ‘growth in every postcode’ would have to be reconsidered and warns Prime Minster against raising taxes in October Budget

Evening Standard

Global Market: Bank of Korea hikes rates again to 3% as growth, inflation stay firm

South Korea’s central bank raised its benchmark interest rate by 25 basis points to 3% for a second straight meeting, citing stronger-than-expected economic growth and persistent inflationary pressures from higher energy costs. The Bank of Korea also upgraded its growth forecasts, while strong semiconductor exports and AI-driven chip demand are…

The Economic Times

US stocks today: US stocks end near flat as hot inflation data clouds Fed rate outlook

Wall Street ended nearly flat as hotter-than-expected US inflation complicated the Federal Reserve’s interest-rate outlook. Investors turned cautious while resilient economic growth offered some support. Markets are also watching Fed Chair Kevin Warsh’s Jackson Hole speech for clues on September’s interest-rate decision and policy direction.

The Economic Times

What will we get out of the AI boom? The data suggests lots of noisy, energy-hungry datacentres and not much else

Booms in investment usually lead to economic growth. But this one looks unlikely to translate into better living standards for Australians

The Guardian - AU

US inflation holds at 3.7% in July, complicating Fed rate debate

U.S. inflation remained unchanged in July, exceeding the Federal Reserve's target. This persistent inflation complicates the central bank's debate on interest rates. Economic growth for the second quarter was also reported unchanged at 1.5%. New tariff pressures are anticipated after trade talks with Canada failed. The Federal Reserve faces a…

The Economic Times

What Andy Burnham can learn about devolution from Britain’s Victorian industrial cities

Andy Burnham’s central vision is for a devolved system of local government that promotes economic growth and fosters local pride. The prime minister’s approach resonates with something known as the “municipal gospel” that swept through Victorian cities in the late 19th century. This history offers some useful insights into the…

The Conversation

India’s flights may stay expensive even as fuel gets cheaper: S&P

Asia-Pacific airlines may maintain higher airfares as passenger demand remains strong. This strategy allows carriers to recover elevated operating costs and bolster financial buffers. Jet fuel prices surged earlier but have since eased, though volatility persists. Airlines expect margins to improve from the fourth quarter with seasonal demand increases. Growing…

The Economic Times

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The Economic Times

US debt burden raises longer-term risks as borrowing costs rise

US government debt remains a cornerstone of global financial markets, but rising borrowing costs, persistent fiscal deficits and stronger competition for global capital are raising concerns over its long-term sustainability.

The Economic Times

Indian economic growth likely slowed to 7.1% in April-June quarter: Reuters poll

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth while private investment remained subdued. Rising crude oil prices pose risks to the economy and could strain household budgets. Economists forecast growth to lose momentum in coming quarters. The Reserve Bank…

The Economic Times

Euro zone yields dip from multi-year highs as oil falls on Iran sanctions

On Tuesday, government bond yields across the Euro zone saw a drop from recent peaks, accompanied by falling oil prices as traders evaluated newly imposed U.S. sanctions on Iran. Additionally, money markets adjusted their expectations regarding potential rate hikes by the European Central Bank this year. Meanwhile, recent data highlighted…

The Economic Times

Global Market: China’s property crisis deepens as Evergrande founder gets life sentence

China’s property crisis deepened despite Evergrande founder Hui Ka Yan receiving a life sentence. Falling home prices, unfinished projects, weak sales and developer debt continue to hurt household wealth and consumption. Beijing is shifting support toward technology sectors, but analysts expect the housing market’s prolonged correction to weigh on economic…

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The Economic Times

Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market

KPMG Australia plans to cut about 5% of its workforce, affecting 27 partners and around 360 employees, mainly in consulting and business services. The firm reported a 1% decline in annual revenue to A$2.257 billion as government consulting demand weakened, while warning subdued economic growth could persist until 2028.

The Economic Times

China steps up fiscal support as growth weakens, domestic demand falters

China is preparing new coordinated fiscal and financial measures for the second half of the year as economic growth weakens and domestic demand remains subdued. The programme includes interest subsidies and loan guarantees aimed at encouraging borrowing by businesses and consumers, while Beijing also seeks to accelerate local government spending.

International Business Times

Top Iranian Official Appears To Acknowledge The Impact Of U.S. Economic Pressure: 'No Matter How Much Military Power We Have'

"If people are hungry and we don't have financial circulation, economic growth and domestic production, we will not endure," said Parliament Speaker Mohammed Ghalibaf.

The Economic Times

India-Singapore economic ties get fresh push with focus on trade, investment, technology: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and business engagements in Singapore, seeking to deepen India-Singapore cooperation in trade, investment, technology and business while opening up new avenues for mutually beneficial economic growth.

International Business Times UK

Togo Joins World Bank's Higher Income Bracket as Five Other Nations Also Climb the Rankings While Others Stay Put

Togo's reclassification to lower-middle income status by the World Bank is driven by a revised population count, not economic growth, highlighting the influence of demographic data on global rankings.

International Business Times UK

UK Retail Slump Deepens: Why Shoppers Are Still Holding Back Despite Easing Inflation

Despite easing inflation, UK retailers face challenges as consumer confidence remains low. Shoppers prioritise essentials, impacting economic growth and retail sales, with spending patterns shaped by ongoing economic uncertainty.

Evening Standard

Angela Rayner tells how Treasury will be stripped of powers in blow to London jobs

Hundreds of jobs are expected to be moved from Whitehall to Manchester where No10 North will take responsibility for driving economic growth

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