Archive of Economy
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India budget to balance capital expenditure, social agenda: Nomura economist
India’s government will likely increase capital expenditure for the next fiscal year, though the size of the jump may be lower than previous budgets ... Economy -
Manager of world’s largest hedge fund says more jobs must be cut to tame inflation
Bob Prince, who helps manage the world’s largest hedge fund, said we’re seeing the return of the boom-bust cycle and more people need to lose their ... Economy -
Microsoft to slash more jobs: Report
Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, ... Economy -
Turkey monthly house sales down 8.2 pct; Russians top foreign buyers again
Turkish home sales fell 8.2 percent year-on-year in December to 207,963 houses, with sales to foreigners dropping 18.6 percent, data from the Turkish ... Economy -
Data finds UK unemployment stable, wages slammed by inflation
UK unemployment is steady, but wages have tanked further, official data showed Tuesday, as sky-high inflation sparks a cost-of-living crisis and ... Economy -
Egypt to roll out program for cheaper bread prices as inflation worsens
Egypt will roll out a program to allow people not covered by its state support program to buy bread at prices close to those covered by ... Economy -
China’s better-than-expected Q4 GDP fuels hopes for rebound
China’s economy grew at the second slowest pace since the 1970s last year as COVID restrictions hammered activity, though better-than-forecast fourth ... Economy -
Global recession seen likely in 2023: World Economic Forum survey
Two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the ... Economy -
Global employment growth to drop 2023 due to economic fallout: ILO
Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022, hit by the economic fallout of the war ... Economy -
People trust businesses more than governments, other institutions: Survey
People worldwide are gloomier about their economic prospects than ever before and trust business far more than other institutions like governments, ... Economy