India’s government on Tuesday promised spending on job creation but also called for fiscal prudence as it announced its financial budget — the first since nationwide elections finished in June which led to a new coalition government being formed. India’s…
Indian Finance Minister Nirmala Sitharaman is due to present her seventh budget on Tuesday, which will provide clues on how Prime Minister Narendra Modi’s Bharatiya Janata Party will work with its allies to form a coalition government. Expectations are high…
Earlier, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin had tea at a country house outside Moscow. The meeting was likely to bring the temperature in Washington, D.C. to a boiling point as the NATO military alliance was…
Asian economies are well-equipped to withstand economic headwinds next year, the U.S. Treasury said following the conclusion of the APEC Finance Ministers’ Meeting in Thailand last week. During the two-day meeting, finance ministers in Asia-Pacific also pledged not to adjust…
There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for…
The World Bank slashed its global growth forecast for 2022 and 2023, and cautioned that a rise in inflation, debt and income inequality could jeopardize the recovery in emerging and developing economies. Global growth is expected to slow to 4.1%…
The process of European unification shows that its current leaders are neglecting the economic foundations of an essentially political project. The long journey toward a united Europe began in the early 1950s when, with generous help from Washington, the French…
As the world’s largest free-trade area, the European Union can reverse its sharply slowing economic growth in the first three quarters of this year to become an important driver of global demand and output. Such an outcome depends only on…
Moody’s Investors Service cautioned that “negative consequences” and a “significant risk” loom over Israel’s economy, after the passage of a law that curtails the powers of the Supreme Court. The measure, which was passed by a final 64-0 vote on…
