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2 mins read

There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …

Huileng Tan   


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1 min read

The Onion acquired by Twilio cofounder Jeff Lawson, reports suggest

The Onion has been sold to Global Tetrahedron, a company connected to Lawson — and a long-running O…

Katherine Long,Ashley Stewart   


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2 mins read

Some central banks have sold gold at record prices, cashing in on the global boom

Gold prices have hit fresh record highs amid macroeconomic and geopolitical uncertainties.

Huileng Tan   


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6 mins read

Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much b…

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3 mins read

Amid growing political uncertainty in Pakistan, IMF expresses concern over its financial stability

The IMF noted that despite a coalition government formed by the alliance of Pakistan Muslim League-…

ANI   


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The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down…

Huileng Tan   


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2 mins read

Rupee falls 10 paise to close at 83.50 against US dollar; Downside restricted by easing political uncertainties, per traders

The rupee settled for the day lower by 10 paise at 83.50 (provisional) against the US dollar on Mon…

PTI   


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1 min read

The US's blowout debt burden is one piece of a global problem, IMF warns

"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the d…

Filip De Mott   


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2 mins read

Monday blues: Stock markets slump as global uncertainties weigh on

Indian benchmark indices closed in the red on Monday, after rallying for the last two sessions. The…

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3 mins read

Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts

Indian stock markets are geared up for a dynamic performance in the coming week, influenced by a mu…

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3 mins read

Over 4,000 millionaires could still leave India in 2024 — but the drain is getting slower year-on-year

Bucking the global trend, millionaire migration out of India is showing signs of slowing down. Whil…

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2 mins read

Trump's plan to tax the entire world will result in the type of global trade war not seen since the Great Depression, think tank says

"The Trump plan is for increased tariffs on all products from all countries. It is not just America…

Filip De Mott   


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3 mins read

Election fuelled misinformation is serious global risk in 2024, says WEF

It’s a year of many elections across the world. This, on top of two ongoing wars, could make it the…

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2 mins read

Here's an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.

A global universal basic income funded by carbon taxes could grow the global GDP by 130% while prom…

Katie Balevic   


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2 mins read

Talking to AI chatbots helped climate change sceptics trust the science more, a study found

A new study has revealed a surprising phenomenon: interacting with AI chatbots like GPT-3, a precur…

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2 mins read

Google's CEO says its workplace isn't a place to 'fight over disruptive issues or debate politics'

Google CEO Sundar Pichai's message to workers is loud and clear: Don't bring politics into the work…

Ana Altchek   


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6 mins read

A global scramble to make humanoid robots is gearing up to be the 21st century's space race

The race to mass-produce humanoid robots is on, and China and the US are in the lead. It's heavily …

Joshua Zitser,Jyoti Mann   


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7 mins read

Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.

Angus Deaton has been an economist for over fifty years. He's still rethinking his views.

Juliana Kaplan   


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1 min read

We cannot properly tackle the climate crisis without addressing our socioeconomic inequalities first: experts

Limited wealth, political influence, access to public transport, and even free time — these factors…

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2 mins read

Sensex, Nifty rally firm in morning trade following global cues

Indian stock indices traded sharply higher Tuesday at the opening bell and were just shy of their a…