The tax with potential side effects

The tax with potential side effects

NEW DELHI, INDIA – JULY 23: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre on July 23, 2024 in New Delhi, India. (Photo by Ajay Aggarwal/Hindustan Times via Getty Images) Hindustan Times | Hindustan Times | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter, which … Read more

Corporate earnings, Wall Street selloff

Corporate earnings, Wall Street selloff

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam.  Sopa Images | Lightrocket | Getty Images LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.’s FTSE 100 was last seen opening 19 points lower … Read more

How CrowdStrike caused a global IT meltdown and what comes next

How CrowdStrike caused a global IT meltdown and what comes next

Last week, the world faced what was likely the biggest IT failure in history. When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. But this was not a Microsoft issue. It was all to do with a U.S. … Read more

Germany’s struggling construction sector showing no signs of recovery

Germany’s struggling construction sector showing no signs of recovery

Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a … Read more

How will India spend its billions?

How will India spend its billions?

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report … Read more

European markets higher as ECB holds interest rates steady, Volvo Cars jumps 9%

European markets higher as ECB holds interest rates steady, Volvo Cars jumps 9%

23 February 2024, Hesse, Frankfurt/Main: The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images) Boris Roessler | Picture Alliance | Getty Images European markets were higher on Thursday as the European Central Bank said it was keeping interest … Read more

IMF raises India economic outlook, U.S. and global growth lackluster

IMF raises India economic outlook, U.S. and global growth lackluster

The IMF said it is optimistic on Chinese consumption returning in the next few years, but falling birth rates will still cause an economic down. Martin Puddy | Photodisc | Getty Images The International Monetary Fund has upgraded its economic forecast for India for 2024, while warning that growth will dip in the following year. … Read more

China’s rich shy away from flaunting wealth amid economic uncertainty

China’s rich shy away from flaunting wealth amid economic uncertainty

China’s rich are turning their backs on flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure. D3sign | Moment | Getty Images China’s rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure. There are emerging signs of … Read more

Markets expected to get a short-term boost after Trump survives shooting

Markets expected to get a short-term boost after Trump survives shooting

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024.  Brendan Mcdermid | Reuters U.S. stocks are expected to get a short-term boost in the aftermath of the failed assassination of former president Donald Trump over the weekend, as analysts say … Read more

Inflation in focus, stock moves

Inflation in focus, stock moves

Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024.  Bloomberg | Bloomberg | Getty Images Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data. On Thursday, the U.S. consumer price index declined … Read more