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Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
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Indian Economy Likely Grew At Weakest Pace In January-March: Report
India's economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.
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Weak Economy, COVID Rampage Likely Shrank China's Population Again In 2023
China's population likely dropped for a second consecutive year in 2023 due to a surge in COVID-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the economy's prospects keeps birth rates depressed.
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Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
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Joe Biden Calls China A "Ticking Time Bomb". Here's Why
US President Joe Biden on Thursday called China a "ticking time bomb" because of economic challenges including weak growth, but misquoted the country's growth rate.
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Biden Calls China A "Ticking Time Bomb" Over Economic Troubles
U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
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How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
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China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
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Xiaomi Quarterly Revenue Falls 18.9 Percent as Global Smartphone Demand Stalls
Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.
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TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
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Apple Could Report Its First Decline in Quarterly Revenue in Nearly 4 Years, Say Analysts
Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...
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Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit
Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dra...
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Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
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On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
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Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
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Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
-
Indian Economy Likely Grew At Weakest Pace In January-March: Report
India's economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.
-
Weak Economy, COVID Rampage Likely Shrank China's Population Again In 2023
China's population likely dropped for a second consecutive year in 2023 due to a surge in COVID-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the economy's prospects keeps birth rates depressed.
-
Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
-
Joe Biden Calls China A "Ticking Time Bomb". Here's Why
US President Joe Biden on Thursday called China a "ticking time bomb" because of economic challenges including weak growth, but misquoted the country's growth rate.
-
Biden Calls China A "Ticking Time Bomb" Over Economic Troubles
U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
-
Xiaomi Quarterly Revenue Falls 18.9 Percent as Global Smartphone Demand Stalls
Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.
-
TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
-
Apple Could Report Its First Decline in Quarterly Revenue in Nearly 4 Years, Say Analysts
Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...
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Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit
Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dra...
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Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
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On Financial Support For Pakistan, China Says It Has Done Its "Utmost"
China, which has offered a $9 billion bailout package to Pakistan, on Monday pledged more support for the cash-strapped nation.
-
Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
