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COVID FALLOUT
Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...- World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran warGlobal economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices ...
- Dry ice’s use, devised in India, pioneered culinary advancementsGases are vital for modern life. From cooling vaccines to preserving food, their impact is immense. An Indian doctor's early innovation wit...
- More economic safeguards on the cards as West Asia conflict persists: ReportIndia is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as ...
- For a few dollars more: Inflation bypass can hurtIndia's central bank holds interest rates steady despite rising inflation. The focus shifts to stabilizing the rupee with a new dollar depo...
- India Inc sails past fourth-quarter estimates, but oil shock clouds outlookIndian companies achieved better-than-expected profits in the March quarter. Domestic activity was strong, supported by tax cuts and easy m...
- ECB chief economist sees persistent impact on inflation from Iran warIran war impact: The European Central Bank's chief economist Philip Lane warns of lasting inflation from the Middle East conflict's energy ...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Dubai hospitality gets a nine-day breather during Eid al-Adha holidaysIn anticipation of the Eid al-Adha holidays, hotels across Dubai and Abu Dhabi are seeing a notable spike in reservations, a promising sign...
- Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
- UN labour agency says Middle East war threatens millions of jobsThe Middle East war is impacting jobs and pay worldwide. Millions of jobs could be lost, and real wages may fall in 2026 and 2027. Migrant ...
- Iran war saddles global companies with $25 billion bill and countingGlobal companies face significant financial strain due to the U.S.-Israeli war with Iran. Businesses are grappling with escalating oil pric...
- Modi’s toughest economic test may demand more than appealsPrime Minister Narendra Modi faces economic headwinds. Appeals for reduced consumption of imported goods like oil and gold may not suffice....
- As PM Modi appeals, govt & India Inc set to operate on a war footingIndia's government is preparing to discuss ways to manage the impact of the West Asia war. Prime Minister Narendra Modi has urged citizens ...
- Defence Minister Rajnath Singh chairs high-level West Asia review as PM Modi calls for ‘economic self-defence’Defence Minister Rajnath Singh chaired a meeting on West Asia's evolving situation. Prime Minister Narendra Modi called for nationwide econ...
- PM Modi pushes work-from-home revival, lower foreign travel & less gold purchases as West Asia conflict heightens concernsPrime Minister Narendra Modi called for a return to work-from-home and urged citizens to delay foreign travel for a year. This is to addres...
- Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf warThe government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- UK economy surged pre-Iran war, energy shock now loomsBritain’s economy delivered a stronger-than-expected rebound in February, with growth outpacing forecasts and pointing to solid first-quart...
- Aatmanirbhar 2.0 in works to cushion India against supply chain, energy painIndia had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce...
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