DDIndia Business: Economic Headlines & Updates

Business

December 1, 2023 9:31 AM

COP28 Summit: Conflict-hit countries left to face climate change alone

BEIRUT. Somali aid worker Hasan Mohammad Sirat has almost no tools at his disposal to tackle the devastating effects of extreme weather in his war-torn country, where floods this year have followed hard on the heels of a severe drought. "We are tryi...

November 30, 2023 12:09 PM

US economy grows 5.2% in third quarter; higher interest rates eroding momentum

The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears to have since waned as higher borrowing costs curb hiring and spending. The growth...

November 30, 2023 12:08 PM

China’s factories fall deeper into contraction, more policy support expected

China's manufacturing activity shrank for a second straight month in November and at a quicker pace, suggesting more stimulus will be needed to shore up economic growth and restore confidence that the authorities can ably support industry. Economist...

November 30, 2023 11:17 AM

Global growth to slow but avoid a hard landing -OECD

The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said on Wednesday. Global grow...

November 29, 2023 1:58 PM

Increase in milk, egg, meat production in 2022-23; wool output declines

The Indian animal husbandry sector has witnessed a great surge in production across various segments in the year 2022-23, as revealed by the Basic Animal Husbandry Statistics released during the National Milk Day event in Guwahati by Union Minister f...

November 29, 2023 12:55 PM

Virgin Atlantic jet lands after maiden transatlantic flight on low-carbon fuel

A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) completed a London-to-New York jaunt on Tuesday, showcasing the potential of low-carbon options, which are a tiny fraction of the industry's fuel mix. The flight is no...

November 29, 2023 10:45 AM

Berkshire Hathaway vice chairman & legendary investment Guru Charlie Munger dies at 99

Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died at a California hospital. Munger was 99, and would have turned 100 on January 1. He died peacefully, Berkshire said. No cause has been give...

November 28, 2023 3:24 PM

India’s vehicle sales climb 19% in festive season – dealers’ body

Vehicle sales in India rose 19% during a 42-day festive season, boosted mainly by strong demand for two-wheelers in rural areas, an auto dealers' body said on Tuesday. Indians generally make big-ticket purchases on items like vehicles during the...

November 28, 2023 9:23 AM

Finance Minister Sitharaman urges action on Climate Funding & Technology Transfer at India Global Forum Dubai

In a virtual session at the inaugural India Global Forum Middle East and Africa 2023 (IGF ME&A), India's Finance Minister, Nirmala Sitharaman, demanded tangible action on climate funding and technology transfer ahead of COP28. The event, themed '...

November 24, 2023 4:47 PM

Israeli tech sector demonstrates resilience amid ongoing conflict

Despite the ongoing conflict with Hamas in the Gaza Strip, Israel's high-tech sector remains open for business. Start-Up Nation Central, a Jerusalem-based nonprofit promoting Israeli innovation, has launched the "no matter what" campaign in collabo...