Tag: Global Economy

Fed Rate Hike and High Crude Oil Prices May Prompt RBI Tightening

Business
The recent decision by the US Federal Reserve to raise interest rates by 25 basis points is expected to influence global monetary policies, including that of India. This hike, which brings the federal funds target range...

India Faces Possible 100% US Tariff Over Russian Oil Purchases

World
The proposed legislation, known as the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, is set to come under consideration in the US House of Representatives. This bill, previously passed by the Senate with...
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BRICS Promotes De-Dollarisation Through Increased Local Currency Financing at 18th Summit

World
The 18th BRICS Summit, held in New Delhi, placed a significant emphasis on the theme of de-dollarisation. However, contrary to expectations, no agreement for...

BRICS Summit 2026 Reports Intra-Bloc Trade Surpassing $1.17 Trillion

Business
The 18th BRICS Summit, which commenced in New Delhi on Saturday, highlights trade as a pivotal aspect of the bloc's ambitions for economic collaboration....

PM Modi Highlights Growing Economic Strength and Global Influence of BRICS Nations

Business
Prime Minister Narendra Modi emphasised the increasing economic significance of BRICS nations during his address at the leaders’ session of the BRICS Business Forum....

India Becomes A Global Solution Hub, Says PM Modi At BRICS Business Forum

Business
Prime Minister Narendra Modi asserted that India is emerging as a "global solution hub" during his address at the BRICS Business Forum on Friday....

BRICS Summit 2026 Schedule Announced For September 12-13

World
The BRICS Summit 2026, hosted by India in New Delhi, is set to commence on Saturday, September 12. This two-day event will bring together...

BRICS Surpasses G7 as Russia Dominates India’s Oil Imports

World
The BRICS bloc, comprising ten emerging economies, is set to gather at Bharat Mandapam on September 12 and 13, marking its growing economic stature....

US Places India in Lower 10 Per Cent Tariff Tier

Business
The United States has officially designated India within the lower 10 per cent tariff bracket as part of its Section 301 measures concerning alleged...

Yemen’s Leadership Announces Resumption of Exports

World
The announcement made by Rashad al-Alimi, the head of Yemen’s Presidential Leadership Council, regarding the resumption of oil exports starting from July 20, comes...

JPMorgan Reports Record Profit, Raising Questions About Its Size

Business
JPMorgan Chase has announced a record profit for the second quarter of 2026, marking the highest quarterly profit ever reported by a US bank,...

Vietnam and Five Others Advance in World Bank Income Classification

World
Six countries have recently advanced to a higher income classification in the latest update from the World Bank, indicating multiple pathways for economic progression....

Japan’s Yen Hits 40-Year Low Against US Dollar

Business
Japan's yen has reached its lowest point against the US dollar in nearly 40 years, marking 162.27 yen per dollar. This dramatic decline has...

World Faces New Wave of Inflation Driven by RAM Supply Issues

Technology
The world is experiencing a fresh wave of inflation, this time attributed to the rising costs and limited supply of RAM rather than traditional...
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