by Jibran Munaf | September 6, 2024 | Economy
China’s policymakers need to shift focus toward boosting domestic demand to address rising deflationary pressures, according to Yi Gang, former head of the People’s Bank of China (PBoC). Speaking at the Bund Summit in Shanghai on Friday, Yi emphasized the need...
by Jibran Munaf | September 2, 2024 | Economy
The United Arab Emirates (UAE) has officially joined the BRICS group, a significant move that underscores its commitment to fostering multilateralism and constructive dialogue on the global stage. This step aligns with the UAE’s long-standing strategy of forming...
by Jibran Munaf | August 31, 2024 | Economy
Saudi Arabia and India are strengthening their economic partnership, marked by a significant rise in Saudi non-oil exports to India. India is Saudi Arabia’s second-largest trading partner, while Saudi Arabia is the fourth-largest trading partner for India. This...
by Jibran Munaf | August 31, 2024 | Economy, Markets, News, Retail
Hong Kong’s retail sector continues to face significant challenges, with July retail sales falling 11.8% compared to the same period last year, marking the fifth consecutive month of decline. The total value of sales decreased to 29.1 billion Hong Kong dollars...
by Jibran Munaf | August 31, 2024 | Economy, News
India’s economic growth decelerated to 6.7% year-on-year in the April-June quarter, primarily due to reduced government spending during national elections. This figure was slightly below the 6.9% growth anticipated by a Reuters poll and a decrease from the 7.8%...
by Vasu Jit Kalia | August 30, 2024 | Economy
New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy. “Household consumption...