India’s exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country’s outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, […]

India’s economic growth is now ‘extremely fragile’ and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy […]

Stocks moved sharply lower during trading on Thursday, extending the pullback seen over the course of the previous session. With the sell-off on the day, the major averages slumped to their lowest closing levels in over a month. The major averages climbed off their lows of the session in late-day trading but remained firmly negative. The Dow tumbled 764.13 points […]

Today a national historic site in Massachusetts, the Springfield Armory has been at the forefront of U.S. Army’s firearm innovation for nearly two centuries. Among the armory’s inventions was the .30-06 Springfield rifle cartridge – caliber .30, model 1906. The cartridge was used in both World Wars, helping give the Allies an advantage over Axis models. (Here are the 18 […]

European Central Bank President Christine Lagarde said there will be more interest rate hikes in future, at a steady pace, as the euro area is expected to undergo a shallow recession and inflation in the single currency bloc is set to remain uncomfortably high for a long time. “We decided to raise interest rates today, and expect to raise them […]

Demand for homes increased in the past two years due to the ability of Americans to move over the course of the COVID-19 pandemic. This led some people to relocate to their dream cities because they could work from home. When mortgage rates were low, this migration was made easier. The most popular homes are not where people live at […]

Franco Harris, the Hall of Fame running back who made “the Immaculate Reception” — voted the NFL’s greatest play of all time — and won four Super Bowls with the Pittsburgh Steelers, died early Wednesday. He was 72. His son told the Associated Press that Harris died overnight but did not give other details. Fifty years ago this week, Harris […]

Germany’s consumer confidence is set to improve in January for the third straight month, as their economic, income and purchasing power expectations improved amid government measures to curb rising energy costs, survey results from the market research group GfK showed on Wednesday. The forward-looking consumer sentiment index rose to -37.8 in January from -40.1 in December. The expected score was […]

Germany is set to experience a less severe recession next year as the economy would recover by the spring and rebound strongly with incomes rising faster than prices, the ifo Institute said in its Winter Economic Forecast, released Wednesday. Gross domestic product is forecast to grow 1.8 percent this year, the Mannheim-based think tank said, revising up from its earlier […]