Economics

Commodity price surge deals stagflationary blow to world economy

Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago

The…

SIMA seeks 5% GST across textiles sector

The Southern India Mills’ Association said the cotton textiles sector had an uniform GST rate of 5%

The textile and clothing industry has sought…

99% of Indian professionals ready to resume business travel: SAP Concur study

The study also found that `flexibility was the most pressing need for business travelers.

Indian business travellers (99%) want to resume work trips…

Evergrande: Asia stocks mixed as investors weigh China concerns

Asian stocks were mixed on Tuesday as concerns persisted over Chinese property group Evergrande and its impact on the global markets.

Japan's…

Gas price crisis: Government poised to step in says Kwarteng

The government is poised to step in to tackle the gas price crisis, Business Secretary Kwasi Kwarteng has said.

The move comes as rising wholesale…

Inflation to remain higher for two years warns OECD

Prices in the G20 group of major economies will grow faster than pre-pandemic for at least two years, a leading global agency has forecast.

Higher…

Ending the Race to the Bottom The Global Minimum Tax Deal Is About More Than Fairness

The year is 2100. Humanity has averted the worst impacts of climate change, as economies around the world decarbonized by 2050 and even went “carbon…

European markets close lower as growth fears weigh on global sentiment Anglo American sinks 8%

LONDON — European markets closed lower on Friday as global investors continued to weigh the prospect of slowing economic growth.

The pan-European Stoxx…