Economics

The Reserve Bank of India's Monetary Policy Committee (MPC) has unanimously decided to raise the policy repo rate by 25 basis points (bps) to 5.50%. This significant move, announced on Wednesday, October 7, 2026, is set to directly impact millions of borrowers across the country. Following this ... Read full article.

Kemi Badenoch, a prominent figure in the Conservative Party, has declared that the upcoming general election will be a "battle for the soul of the nation." Speaking at the Conservative Party conference in Birmingham, Badenoch emphasized the urgent need for better economic growth, warning that ... Read full article.

India's financial system has demonstrated remarkable resilience, successfully navigating challenges, including the recent West Asia crisis. This was the encouraging message from Reserve Bank of India (RBI) Governor Sanjay Malhotra, who recently addressed the Kautilya Economic Conclave.However, ... Read full article.

In a bold and thought-provoking interview on 'Radical Thinking,' a new series from The Guardian, former Greek Finance Minister Yanis Varoufakis has declared, "There’s no such thing as democracy." Speaking with senior economics commentator Aditya Chakrabortty, Varoufakis delved into the fundamental ... Read full article.

New Delhi, Reserve Bank of India (RBI) Governor Sanjay Malhotra has issued a stark warning regarding the future of global financial stability, identifying five key vulnerabilities that could significantly challenge the international economic architecture. Speaking at the 5th Kautilya Economic ... Read full article.

Federal Reserve officials are signaling a more patient approach to interest rate decisions, leading markets to significantly lower their expectations for an October rate hike. This shift comes as key policymakers emphasize the need to assess economic data thoroughly before making further ... Read full article.

India's Goods and Services Tax (GST) collections have once again demonstrated robust growth, crossing the significant ₹2 lakh crore mark in September. Government data reveals a healthy 14.7% year-on-year increase, bringing the total collections to ₹2.04 lakh crore for the month. This impressive ... Read full article.

India's Goods and Services Tax (GST) collections have once again demonstrated robust growth, surpassing the ₹2 lakh crore mark in September. The total revenue for the month stood at an impressive ₹2.03 lakh crore, marking a significant 14.7% increase compared to the same period last year. This ... Read full article.

India's industrial sector is off to a flying start this financial year, with significant growth in August 2026 setting a positive tone for the economy, especially as the festive season approaches. The Index of Industrial Production (IIP) saw a impressive 8% growth in August, making it the second ... Read full article.

Get ready for a significant hit to your household budget, Great Britain! Energy bills are poised to jump by an average of £276 a year starting this January, bringing the typical annual cost for dual-fuel to an eye-watering £1,999. This 16% increase, forecast by leading experts Cornwall Insight, ... Read full article.

Federal Reserve Bank of New York President John Williams has indicated that the central bank is in no hurry to raise interest rates immediately, preferring to assess incoming economic data before making any further moves. However, he did suggest that one more interest rate hike might be appropriate ... Read full article.

The Rank Group, owner of popular leisure brands like Mecca Bingo and Grosvenor Casinos, has issued a stark warning: a proposed increase in gaming machine tax could force the closure of a third of its venues across the UK. This potential hike in duty from the current 20% to 40% would render many ... Read full article.

Labour's shadow Chancellor, John Healey, is set to unveil an ambitious vision for a "new age of industrialisation" at the party's conference on Monday. His keynote address will put the revitalisation of Britain's shipbuilding industry at the core of his economic plans, aiming to forge a confident ... Read full article.

Prime Minister Andy Burnham and Chancellor John Healey have kicked off the Labour Party conference in Liverpool, hinting at challenging times ahead and signaling a readiness to make difficult decisions for the country's future. Both leaders acknowledged the “challenging” set of circumstances at the ... Read full article.

The annual auction of the Balapur Ganesh laddu has once again made headlines, with this year's prasadam fetching a staggering ₹39 lakh. This incredible sum, bid by real estate entrepreneur Sama Praneeth Reddy, highlights not just the fervor of faith but also the profound economic shifts ... Read full article.

Philadelphia Federal Reserve President Anna Paulson has strongly suggested that more interest rate hikes are likely to be necessary to bring inflation back to the central bank's 2% target. In remarks made recently, Paulson characterized inflation as "stubbornly elevated," noting that underlying ... Read full article.

The UK's public finances have taken a significant hit, with public sector borrowing reaching a staggering £18.3 billion in August 2026. This figure has surpassed City predictions and marks the second-highest August borrowing level on record, fueling concerns about potential tax increases ahead of ... Read full article.

Washington D.C., The Federal Reserve announced a significant move today, raising its benchmark interest rate by a quarter percentage point. This marks the first rate hike in three years, pushing the overnight lending rate into a new range of 3.75%-4%, up from its previous 3.5%-3.75%. The decision ... Read full article.

The Federal Reserve has raised its benchmark interest rate on Wednesday, September 16, 2026, marking the first such increase since 2023. This quarter-point hike lifts the key rate to approximately 3.9% and signals the central bank's firm commitment to tackle persistently high inflation. This ... Read full article.

The ongoing U.S. war against Iran has already cost the Department of Defense more than $38 billion through August 1, and the financial toll isn't slowing down. According to a recent assessment from the nonpartisan Congressional Budget Office (CBO), the conflict could continue to drain up to $3 ... Read full article.

The war with Iran has already cost the U.S. government a staggering $38 billion and is significantly contributing to rising inflation, according to a recent analysis by the Congressional Budget Office (CBO). This nonpartisan agency, responsible for providing economic and budget estimates to ... Read full article.

Soaring gas prices are emerging as a major threat to Republican prospects in the upcoming midterm elections, with many observers linking the current economic strain directly to President Trump's foreign policy decisions. Less than two months before voters head to the polls, gas prices have jumped ... Read full article.

President Donald Trump is doubling down on his promise to deliver $5,000 checks to every American adult, asserting that the plan is "100 percent" on track should Republicans maintain control of Congress. Speaking from Shannon Airport in County Clare, Ireland, after a golf tournament, Trump brushed ... Read full article.

This week, all eyes are on the Federal Reserve as it prepares for a crucial decision on interest rates. Wall Street is bracing for what could be an unusual market reaction: a rally, even if rates go up. There's a 90% chance that the federal funds rate will climb by a quarter-point to 3.75%-4.00%, ... Read full article.

In today's volatile market, founders are rethinking traditional funding paths. Is venture capital still the holy grail, or is bootstrapping the smarter, more resilient choice for startups? The startup world has long chased the siren song of venture capital. Billions poured into promising ventures, ... Read full article.

Former President Donald Trump has unveiled a highly-anticipated proposal: a $5,000 "Trump dividend" for every adult U.S. citizen, contingent on Republicans retaining control of Congress in the upcoming November midterms. However, this eye-catching offer comes with a significant condition: the money ... Read full article.

President Donald Trump recently made striking predictions regarding global affairs and their timeline relative to the upcoming midterm elections. Speaking at Joint Base Andrews, Trump asserted that elevated energy prices, which he attributes to the ongoing conflict with Iran, will not decrease ... Read full article.

Get ready for pricier holiday meals! Food inflation is projected to reach almost 4% by Christmas, with an even steeper climb to 6.4% expected by July of next year. This forecast comes as various global pressures continue to impact our supermarket shelves. The cost of your weekly shop has already ... Read full article.

The impact of geopolitical tensions, particularly those related to Iran, is hitting American consumers hard in the wallet, with a staggering report revealing that energy costs are rising by an estimated $1 million every two minutes. This relentless financial drain has already amassed a monumental ... Read full article.

In his inaugural major address as Chancellor of the Exchequer, John Healey today unveiled an ambitious economic strategy aimed at propelling the UK towards a period of robust growth and stability. Speaking at the Manufacturing Technology Centre in Coventry, the Chancellor pledged to tackle the ... Read full article.

Chancellor John Healey delivered his first major speech, outlining his vision for the UK economy, emphasizing fiscal discipline and a commitment to unlocking the nation's potential. Speaking in Coventry, Healey acknowledged that Britain has been grappling with a “Truss penalty” since the 2022 ... Read full article.

John Healey, the UK's Chancellor, is set to deliver a pivotal speech on Monday, where he will argue that the government's comprehensive plans for boosting growth across the entire country will help the British economy "turn a corner." This comes despite growing anxiety over volatile bond markets, ... Read full article.

The UK economy is predicted to have taken a slight dip in July, with experts warning of a 0.1% contraction in GDP. This news comes as a potential challenge for newly appointed Prime Minister Andy Burnham, who took office during the month. Economists from Investec and Pantheon Macroeconomics point ... Read full article.

Wall Street is gearing up for a pivotal week, with investors keenly awaiting several crucial updates on inflation. These reports will provide a clearer picture of the economy's health and likely influence the Federal Reserve's next steps regarding interest rates. This Thursday, the U.S. will ... Read full article.

India's economic growth figures are under scrutiny, with former Chief Statistician Pronab Sen raising significant concerns that the nation's Gross Domestic Product (GDP) growth may have been consistently overstated by 2 to 3 percent. This revelation comes amid ongoing debates about the accuracy and ... Read full article.

The US job market appears to be on a path to recovery, with the Labor Department expected to report a bounce back last month after a challenging July. However, despite this positive turn, jobseekers are still encountering difficulties, and pay raises remain modest. This complex situation paints a ... Read full article.

India's recent announcement of a robust 7.8% GDP growth for the first quarter of FY27 has sparked a vigorous debate among economic experts. At the center of this financial face-off are economist Gourav Vallabh and former Finance Secretary Subhash Chandra Garg, who are openly questioning and ... Read full article.

India has received a significant boost to its global financial standing, with JCR, a prominent Japanese credit rating agency, upgrading the nation's foreign and local currency long-term issuer ratings from 'BBB+' to 'A-'. The outlook accompanying this upgrade is stable, signaling confidence in ... Read full article.

As AI art homogenizes digital content, human-made crafts are gaining new value. Explore how this digital deluge could spark a 21st-century Arts and Crafts movement, celebrating unique, unscalable artistry. The art world is abuzz, and rightly so, with the disruptive force of generative AI. Algorithms ... Read full article.

Following Federal Reserve Chairman Kevin Warsh’s impactful speech at the Jackson Hole Symposium, market expectations for a US interest rate hike have dramatically increased. Traders are now pricing in a 57% probability of a rate hike in September, a significant jump from just 30% before his ... Read full article.

Wall Street is bracing for a pivotal week, as several crucial updates on the health of the U.S. jobs market are set to be released. These reports are keenly watched by investors, economists, and policymakers alike, as they provide critical insights into the nation's economic stability and future ... Read full article.

A prominent former Conservative Treasury minister, Lord O’Neill of Gatley, has issued a strong warning to Prime Minister Andy Burnham against increasing capital gains tax, branding such a move as "stupid." Lord O’Neill, who previously served under former Prime Ministers Cameron and May and now sits ... Read full article.

Expectations for a US Federal Reserve rate hike have sharply increased following Chairman Kevin Warsh's pivotal speech at the Jackson Hole Symposium. Traders are now pricing in a 57% probability of a rate hike in September, a significant jump from 30% before his remarks. This shift in market ... Read full article.

U.S. President Donald Trump has repeatedly asserted that the United States does not need Canada, a claim he reiterated this week with a post stating, “WE DON’T NEED CANADA, THEY NEED US!” However, a closer look at the economic ties between the two nations reveals a stark contradiction to this ... Read full article.

Prime Minister Andy Burnham has indicated that tax rises are not off the table for the upcoming autumn Budget. Speaking about the "challenging" state of public finances, Burnham stated he "won't be unrealistic" about the economic landscape facing the country.This comes as experts warn that Burnham ... Read full article.

The simmering trade dispute between the United States and Canada has boiled over, with President Donald Trump threatening a significant increase in tariffs on Canadian automobiles and auto parts. This move signals a dramatic escalation in the trade war between the two neighboring nations, casting a ... Read full article.

United States President Donald Trump is reportedly moving forward with plans to impose a new tariff on China, a move aimed at penalizing Beijing for its alleged practice of flooding the global market with underpriced goods. Sources familiar with the internal deliberations suggest the proposed ... Read full article.

Andy Burnham has indicated that he cannot rule out tax rises in the upcoming autumn Budget, emphasizing that the United Kingdom finds itself in a “challenging position.” This statement has raised questions about how the government intends to fund its various promises and navigate the current ... Read full article.

Asian shares experienced a significant downturn on Monday, with oil prices also slipping, as global investors grapple with mounting bond market pressure and persistent inflation concerns. This comes at the start of a critical week culminating in a meeting of top U.S. economic officials in Jackson ... Read full article.

President Donald Trump's economic policies are once again stirring debate, particularly concerning new tariffs on a range of Canadian imports and a proposed plan to lower tariffs on imported beef. These moves are causing significant apprehension among some members of his own Republican Party, ... Read full article.