Economic Contraction
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India Receives Highest FDI From Singapore In 2023-24: Government Data
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data.
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Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
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Palestinian Economy Severely Impacted By Israel-Hamas War: World Bank
The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.
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India's Import of Mobile Phones, Laptops, PCs, Other Devices from China Declined in FY 2022-23: Report
India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI.
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World Economy Is Headed For A Recession In 2023, Says Researcher
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.
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Chip Manufacturing, Global Supply Chains to Be Secure if Taiwan Remains Safe, Minister Says
Global supply chains of vital semiconductors would be secure if Taiwan remains safe, Taiwanese Minister for Economic Affairs Wang Mei-Hua said on Tuesday, during a trip to the US. The minister is in the US to respond to "concerns" about supply chains and geopolitical issues and to visit US tech firms that are major customers of Taiwanese semiconduc...
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Russia Will Post Budget Surplus This Year: Vladimir Putin
Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than previously thought as Russia has overcome the worst impact of Western sanctions.
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8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
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Is US Economy in Recession Already? Here Are 8 Offbeat Indicators To Watch
After two quarters of contracting gross domestic product in the US, a debate has raged acrossWall Street and Washington about when the country will be in a recession and whether we're already in one.
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Global Economic Slowdown Intensifies As China Services Activity Contracts Again
In yet another sign of a global economic slowdown, China's services activity contracted for the third month in a row in May.
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IMF Chief Says External Funding Will Boost Ukraine's Financial Stability
IMF Managing Director Kristalina Georgieva has said that greater external funding is needed to help maintain financial stability in war-torn Ukraine
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Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
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Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
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Economy Contracted By 6.6% In 2020-21: NSO
Economy had contracted by 6.6 per cent in 2020-21 due to the outbreak of the Coronavirus pandemic and the subsequent national lockdown, NSO has said
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Core Sector Output Up 3.8% In December 2021
Production of eight core sectors rose by 3.8 per cent in December 2021, compared to a contraction of 0.4 per cent seen during same period last year
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India Receives Highest FDI From Singapore In 2023-24: Government Data
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data.
-
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
-
Palestinian Economy Severely Impacted By Israel-Hamas War: World Bank
The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.
-
India's Import of Mobile Phones, Laptops, PCs, Other Devices from China Declined in FY 2022-23: Report
India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI.
-
World Economy Is Headed For A Recession In 2023, Says Researcher
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.
-
Chip Manufacturing, Global Supply Chains to Be Secure if Taiwan Remains Safe, Minister Says
Global supply chains of vital semiconductors would be secure if Taiwan remains safe, Taiwanese Minister for Economic Affairs Wang Mei-Hua said on Tuesday, during a trip to the US. The minister is in the US to respond to "concerns" about supply chains and geopolitical issues and to visit US tech firms that are major customers of Taiwanese semiconduc...
-
Russia Will Post Budget Surplus This Year: Vladimir Putin
Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than previously thought as Russia has overcome the worst impact of Western sanctions.
-
8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
-
Is US Economy in Recession Already? Here Are 8 Offbeat Indicators To Watch
After two quarters of contracting gross domestic product in the US, a debate has raged acrossWall Street and Washington about when the country will be in a recession and whether we're already in one.
-
Global Economic Slowdown Intensifies As China Services Activity Contracts Again
In yet another sign of a global economic slowdown, China's services activity contracted for the third month in a row in May.
-
IMF Chief Says External Funding Will Boost Ukraine's Financial Stability
IMF Managing Director Kristalina Georgieva has said that greater external funding is needed to help maintain financial stability in war-torn Ukraine
-
Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
-
Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
-
Economy Contracted By 6.6% In 2020-21: NSO
Economy had contracted by 6.6 per cent in 2020-21 due to the outbreak of the Coronavirus pandemic and the subsequent national lockdown, NSO has said
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Core Sector Output Up 3.8% In December 2021
Production of eight core sectors rose by 3.8 per cent in December 2021, compared to a contraction of 0.4 per cent seen during same period last year
