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UK ECONOMY
Global Market: UK stocks rise after services PMI signals economic recoveryBritain's services sector returned to growth in July, with the S&P Global Services PMI rising to 52.1 as stronger domestic demand and easin...- RBI holds policy rates while raising growth forecast; cuts inflation projectionsThe Reserve Bank of India maintained its benchmark repo rate at 5.25 percent. Inflationary expectations were lowered to 5 percent for fisca...
- US Iran war: Qatar says mediators make progress; Indian ship sinks in the Middle EastMediators report progress in efforts to end the US-Iran war, which has driven oil prices lower. Qatar's Emir discussed de-escalation effort...
- Whisky to omega-3: Scottish firm creates fish-free alternative that could save millions of themA Scottish enterprise is innovatively growing microalgae by utilizing waste from whisky production, presenting a sustainable omega-3 altern...
- India's next billion dollars from abroad may depend on easier visasIndia's record remittance boom faces a new long-term challenge as tighter immigration policies in developed economies threaten the pipeline...
- Federal Reserve Bank of New York President John Williams expects inflation to ease, says Fed will act if it doesn'tFederal Reserve Bank of New York President John Williams anticipates inflation will cool gradually. He believes current interest rate polic...
- Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruptionAccording to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...
- India's textile sector poised for global sourcing shift as China loses US apparel share: NuvamaIndia's textile sector faces its strongest opportunity in decades. Global apparel sourcing is shifting away from China, benefiting Indian m...
- UK recession fears grow if Hormuz remains closed, forecaster warnsBritain's economy may shrink in 2027 if the Strait of Hormuz closure continues. Forecasters predict a 0.2% contraction if the waterway rema...
- India's next election could be decided by Gen Zs in Hindi heartlandIndia's next election could hinge on Gen Z voters concentrated in the Hindi heartland. A TOI analysis based on UN population estimates, Cen...
- Charting the Global Economy: Central banks hold the lineGlobal central banks maintained interest rates this week due to rising energy costs. The Federal Reserve and Bank of England saw some offic...
- Britain's new leader shifts power from Downing Street to Manchester with 'No. 10 North'Britain's new Prime Minister Andy Burnham has opened an office in Manchester. This new hub aims to decentralize government power and foster...
- Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding ratesThe Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central ...
- Empire buys back: After Tata, Adani can rewrite India's colonial pastAdani Ports is evaluating the acquisition of a controlling stake in UK's Associated British Ports (ABP) in a deal valued at nearly $10 bill...
- OYO parent PRISM expands UK premium portfolio with 40 hotels ahead of IPOPRISM, OYO's parent company, is expanding its premium hospitality business in the United Kingdom. Forty new hotels are being added under it...
- Study abroad is getting harder & India is getting smarter about itNew US immigration rules, rising costs and tighter visa pathways are reshaping the study-abroad equation for Indian students. As global uni...
- India reiterates WTO-consistent trade policy, calls for development-oriented reformsIndia concluded its eighth Trade Policy Review at the WTO. Members broadly appreciated India's constructive engagement and economic resilie...
- Global Market: UK inflation drops to 2.6%; markets eye Bank of England's next rate decisionBritain's annual consumer price inflation eased to 2.6% in June from 2.8% in May, coming in below expectations as energy prices moderated. ...
- UK PM Burnham unveils energy tax cut, tells ministers to cut living costsAndy Burnham became Britain's new prime minister and announced an energy tax cut. This policy aims to reduce the cost of living for househo...
- UK chief financial officers turn more hopeful about AIThe survey of UK chief financial officers by accountancy firm Deloitte found 73% were optimistic about AI improving their businesses' perfo...
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