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Paraguay bank crisis sucks life out of bustling marketUeno Bank's recent collapse has severely affected local vendors at Mercado 4 in Asuncion, where sales have plummeted. Many customers find t...
AI can boost productivity but pose risks to India's IT sector: Moody'sMoody's Ratings said AI could boost productivity but also create job displacement risks in emerging markets with significant exposure to so...
October retail inflation surge may weigh on housing demand, raise rate hike concerns: Knight Frank, PHDCCIRising retail inflation could weaken household purchasing power and constrain discretionary spending, including housing expenditure, while ...
US jobless claims tick up to 200,000 but remain low by historic standardsJobless claims in the United States increased to 200,000 but remain at historically low levels. Employers are adding an average of 86,000 j...
AI can bring productivity gains with job risks; impact on India not yet clearly visible: Moody'sArtificial intelligence is expected to improve productivity in IT services and BPO sectors in emerging markets. Moody's predicts GDP growth...
BOJ policymaker Asada cautions against premature rate hikes, warns of growth risksA Bank of Japan policymaker has urged caution on further interest rate hikes, warning that premature monetary tightening could hurt economi...
Festive online sales hit Rs 1.4 lakh crore, up 17%, but miss forecastsThe season had been expected to hit a record Rs 1.50-1.55 lakh crore in GMV, up 25-29% from last year. GMV is total value of goods sold by ...
Goldman Sachs forecasts additional Fed rate hike in March after hotter US inflation dataGoldman Sachs expects the US Federal Reserve to deliver an additional 25-basis-point rate hike in March after October inflation data came i...
EU to make addictive app features easier to switch offThe European Union will on Wednesday unveil new rules to crack down on influencer marketing, ban online features that trick Europeans and f...
Festive shopping: Home, kitchen products drive 81% jump in D2C sales to Rs 1,328 croreHome and kitchen product sales surged 81% year-on-year during the pre-Diwali shopping period in India. Gross merchandise value reached an e...
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBCIndia's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending...
BlueStone strikes gold this festive season, clocks 45% business growthBlueStone Jewellery and Lifestyle reported 45% year-on-year business growth between October 1 and November 8, driven primarily by an increa...
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliverVoters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond...
Charting the global economy: Job growth in US tops all forecastsUS employment rose significantly last month, with the jobless rate declining to 4.1%, indicating robust economic activity. Labor productivi...
Over half of consumers use AI for wellness, yet concerns over accuracy persist: McKinseyMore than half of consumers use artificial intelligence for wellness, yet 40 per cent of United States consumers worry its advice may be in...
Dhanteras gold, silver sales may rise 10% despite buyers opting for lighter jewellery: AIJGFSales of gold and silver jewellery for Dhanteras are expected to rise approximately 10% this year. The All India Jewellers and Goldsmith Fe...
Gold smuggling jumps to 50 tonnes as 15% import duty widens gap for unofficial supplyGold smuggling in India is estimated to have surged to 50 tonnes in the September quarter from three tonnes a year earlier after import dut...
India's urban shoppers spend 13% more on FMCG but shop less oftenIndia's urban shoppers are increasing grocery spending while making less frequent trips, reflecting higher prices' impact. Online sales are...
US inflation heats up in September; consumer spending risesIn September, the US experienced a notable rise in inflation, driven by surging gasoline prices and other consumer goods. The Personal Cons...
US economy grows faster than expected at 3.4% in Q3 on consumer spending, AI boomThe US economy grew at a faster-than-expected 3.4% annualised rate in the third quarter, driven by resilient consumer spending and AI-relat...