economy

U.S. tells G7 that it is back at the table to help with global recovery

February 13, 2021
Newsdesk

U.S. President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump. U.S. Treasury Secretary Janet Yellen told her peers from the Group of Seven rich de | Read more|

In Call With PM Modi, Biden Mentions "Desire To Defend Democratic Norms"

February 9, 2021
Newsdesk

Prime Minister Narendra Modi and US President Joe Biden have committed to working together to achieve their two nations' common goals on the global arena. As per news report of NDTV, in a telephonic call yesterday, the first since the new administration was inaugurated at the US Capitol last month, the two leaders agre | Read more|

Indian Economy To Contract 10.5% In 2020-21: Fitch

September 8, 2020
Newsdesk

Fitch Ratings on Tuesday projected a contraction of 10.5 per cent for India's economy in the current financial year. Last month, official data showed that the country's gross domestic product (GDP) shrank 23.9 per cent in the April-June period, in one of the sharpest contractions in the world. | Read more|

Japan's economy shrinks at record rate, slammed by pandemic

August 17, 2020
Newsdesk

Japan's economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released on Monday. The Cabinet Office reported that Japan's preliminary seasonally adjusted real gross domestic product, or GDP, the sum | Read more|

Hong Kong economy contracts 9% in latest quarter

July 30, 2020
Newsdesk

Hong Kong's economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of US trade privileges due to a security law imposed by Beijing. The performance reported Wednesday for the three months ending in June was an improvement over the | Read more|

China's trade rises as economy recovers from virus slump

July 14, 2020
Newsdesk

China's imports of US goods rose 10.6 per cent in June over a year ago and its global trade also increased in a fresh sign the world's second-largest economy is gradually recovering from the coronavirus pandemic. China's global imports rose 3 per cent to USD 167.2 billion, rebounding from May's 3.3 per cent decline, cu | Read more|