Economic Contraction
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Opinion | PM Modi's Austerity Appeal And The Bitter Economics Of 'Sacrifice'
In 2010, Athens was turned into a lab for austerity. The tidy logic was that Greece lived beyond its means and needed discipline for recovery. What followed was a decade of devastation - GDP contracted, hospitals ran out of medicines
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Indians Become Australia's Largest Migrant Group, Surpassing British
Migration has long been a key pillar of Australia's economic growth, helping the country avoid recession since the early 1990s, aside from a brief contraction during the pandemic.
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Putin Seeks Corrective Steps As Russia's GDP Shrinks 1.8% Amid Ukraine War
Putin revealed that Russia’s GDP contracted by a combined 1.8 percent in January and February, with manufacturing, industrial production and construction showing negative growth.
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India Speeds Up Oil, LPG Import Deals Amid Middle East Supply Shock
India has fast-tracked signing of contracts to diversify import crude oil and LPG, industry sources told NDTV Thursday. Sources said contracts are being finalised after 'detailed negotiations on rates that suits India's economic interests'.
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Indian IT Sector At Risk? AI Doomsday Report Makes Shocking Prediction For Infosys, TCS And Wipro
A report from Citrini Research warns AI automation will halt India's $200B IT export sector, causing contract cancellations and rupee depreciation.
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Macron Meets PM Modi: AI Summit, Potential Rafale Contract On Agenda
French President Emmanuel Macron met Prime Minister Narendra Modi in Mumbai on Tuesday, as he begins a three-day visit to India focused on artificial intelligence cooperation and a potential multibillion dollar fighter jet deal.
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Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
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How Trump's $100,000 H-1B Visa Fee Could Impact US Economy More Than India
US President Donald Trump shook thousands of American dreams this weekend with an abrupt decision to slap a $100,000 fee on skilled worker permits - the H-1B visas.
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US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
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Ontario Bans US Firms from Government Contracts, Dumps Starlink Deal
Ontario, Canada's most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk's Starlink in a pushback to US tariffs.
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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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Opinion | PM Modi's Austerity Appeal And The Bitter Economics Of 'Sacrifice'
In 2010, Athens was turned into a lab for austerity. The tidy logic was that Greece lived beyond its means and needed discipline for recovery. What followed was a decade of devastation - GDP contracted, hospitals ran out of medicines
-
Indians Become Australia's Largest Migrant Group, Surpassing British
Migration has long been a key pillar of Australia's economic growth, helping the country avoid recession since the early 1990s, aside from a brief contraction during the pandemic.
-
Putin Seeks Corrective Steps As Russia's GDP Shrinks 1.8% Amid Ukraine War
Putin revealed that Russia’s GDP contracted by a combined 1.8 percent in January and February, with manufacturing, industrial production and construction showing negative growth.
-
India Speeds Up Oil, LPG Import Deals Amid Middle East Supply Shock
India has fast-tracked signing of contracts to diversify import crude oil and LPG, industry sources told NDTV Thursday. Sources said contracts are being finalised after 'detailed negotiations on rates that suits India's economic interests'.
-
Indian IT Sector At Risk? AI Doomsday Report Makes Shocking Prediction For Infosys, TCS And Wipro
A report from Citrini Research warns AI automation will halt India's $200B IT export sector, causing contract cancellations and rupee depreciation.
-
Macron Meets PM Modi: AI Summit, Potential Rafale Contract On Agenda
French President Emmanuel Macron met Prime Minister Narendra Modi in Mumbai on Tuesday, as he begins a three-day visit to India focused on artificial intelligence cooperation and a potential multibillion dollar fighter jet deal.
-
Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
-
How Trump's $100,000 H-1B Visa Fee Could Impact US Economy More Than India
US President Donald Trump shook thousands of American dreams this weekend with an abrupt decision to slap a $100,000 fee on skilled worker permits - the H-1B visas.
-
US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
-
Ontario Bans US Firms from Government Contracts, Dumps Starlink Deal
Ontario, Canada's most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk's Starlink in a pushback to US tariffs.
-
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.
