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2 mins read

India may take 75 years to reach one-quarter of US income per capita, says World Bank report

Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…

PTI   


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3 mins read

A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households

The HOMES Act would cap rent at 25% of tenants' incomes, and offer homebuyers affordable mortgages.

Eliza Relman,Juliana Kaplan   


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6 mins read

The US Navy is burning through missiles in the Middle East that it would need in a war with China

Conflicts in the Middle East have raised concerns about the stockpiles of key interceptors the US w…

Jake Epstein,Chris Panella   


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3 mins read

Deloitte projects India's FY25 GDP growth at 6.6%

Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal…

PTI   


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Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…

Huileng Tan   


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India to clock 7% growth in FY25 despite headwinds: Deloitte

According to Deloitte projections, growth is likely to be 6.7% in the next fiscal year (2025-26). T…

PTI   


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Wider Middle East conflict threatens the global economy — when the US and China already face headwinds, experts say

The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of…

Theron Mohamed   


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4 mins read

More countries are openly flaunting their ties with Putin. They say it's just business.

Heavily-sanctioned Russia has been on a foreign policy blitz, with President Vladimir Putin meeting…

Huileng Tan   


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3 mins read

Raising massive financial resources for net-zero goal unprecedented challenge: Economic Survey

Reaching net zero means achieving a balance between greenhouse gas emissions and the amount of thes…

PTI   


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4 mins read

Budget 2024: Here's what India's elderlies want

If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…

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4 mins read

To feel middle class, you have to be wealthy

Middle-income Americans aren't middle-class; that's reserved for the rich now.

Juliana Kaplan   


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2 mins read

An Iowa basic income project gives low-income residents $500 a month. They say it helps them make rent and buy food.

Iowa lawmakers recently voted to ban basic income programs. But one such program says it'll continu…

Kenneth Niemeyer   


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4 mins read

NASA simulated an incoming asteroid impact, and the biggest roadblock to action was penny pinching

NASA gathered about 100 experts to practice a hypothetical discovery of an asteroid with a 72% chan…

Morgan McFall-Johnsen   


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5 mins read

Lebanon is 'not tank country' and an Israeli armored assault there exposes it to Hezbollah's firepower

Hezbollah took a heavy toll on Israeli armor the last time they fought on the ground, and the destr…

Paul Iddon   


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4 mins read

Montana's housing crisis is a warning for older homeowners across the country

Older and retired Montanans are particularly hard hit by the state's severe housing crisis, as thei…

Eliza Relman   


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6 mins read

Alcynna Lloyd   


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2 mins read

Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers

Housing is so expensive that middle-income buyers can only afford 23% of properties on the market, …

Jennifer Sor   


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3 mins read

At 21 million per year, teenage pregnancy rates remain distressingly high in low- and middle-income countries

As per a recent assessment, the adolescent pregnancy rate is rising alarmingly in developing countr…

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3 mins read

US forces shot down over 75 Iranian missiles and drones in its biggest air-defense battle of the Middle East crisis

US warships and aircraft destroyed dozens of the Iranian munitions that were fired at Israel, an Am…

Jake Epstein   


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2 mins read

Racism amid pandemic: Low- and middle-income countries faced 'systemic racism' in the global COVID-19 response, reveals report

Researchers studying communities in 14 low and middle-income countries and territories found that a…