California shoppers continue to worry in the Trump 2.0 era, as one measure of optimism dropped to a 30-month low. My trusty spreadsheet looked at the Conference Board’s consumer confidence indexes for January, which tracks California, seven other states and the nation. This yardstick of psyche comes from monthly polling that, for this report, ended … Read more
(Representational image) New Delhi: The Economic Survey is likely to project a 6.3-6.8 per cent GDP growth for the next fiscal year, sources said. The Survey 2024-25, authored by Chief Economic Advisor V Anantha Nageshwaran and his team, will be tabled in Parliament this afternoon. India’s GDP is projected to grow at a 4-year low … Read more
“Does Europe want to own its future (and invest) or rent it (and continue spending as before)?” Vandenberghe asked. “Yes, climate action has a cost. The cost of non-action is higher.” The exchange raised eyebrows. Two lifetime eurocrats having it out in public was “not usual,” said an EU official, who has worked with both … Read more
In the weeds: After a successful PMQs probing the government’s education legislation, Badenoch dug into the specifics on that workers’ rights plan. Starmer wasn’t having any of it and would not be “taking lectures from” the party of short-lived Tory Prime Minister Liz Truss. On the dole: Badenoch charged that Stramer didn’t want to focus … Read more
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Chinese Vice-Premier Ding Xuexiang delivered a speech at the World Economic Forum in Davos, Switzerland on Tuesday, making him the first senior … Read more
Holzmann recalled that, back in the 1960s, the FPÖ was the first party to back Austrian membership of the European Economic Community, which evolved into the EU. In this respect, frequent comparisons to the Alternative for Germany (AfD) party, which started out as a Euroskeptic party and turned into political home for right-wing extremists, may … Read more
New Delhi: Overseas FDI investments by Indian companies shot up by a robust 17 per cent to $37.7 billion in the calendar year 2024 from $32.29 billion in the previous year, reflecting the increasing strength of the country’s corporate sector in taking up foreign ventures. Outbound foreign direct investment (OFDI) equity investments, loans and guarantees … Read more
JOHOR BARU: Asean countries should balance tourism and growth as they emerge from the shadows of the Covid-19 pandemic, says Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Energy Transition and Water Transformation Minister, said this approach would help address over-tourism, a critical challenge for Asean member countries to tackle. “Addressing … Read more
New Delhi: Global brokerage Jefferies has maintained its ‘buy’ rating on the stock of Adani Energy Solutions, saying the company’s growth story remains intact. The brokerage has kept its target price for the stock at Rs 1,300, implying a 67 per cent upside. “It is a 50 per cent premium to our implied 10 times … Read more
New Delhi: The Indian economy is projected to grow at a robust 6.8 per cent in the financial year 2025-26, driven by strong high-frequency indicators, according to a Bank of Baroda forecast. The report expects nominal GDP growth to be around 10.5 per cent during the next financial year. It highlights that key indicators of … Read more
