Global Roundup

BRICS+ and changing global alliances: Exploring opportunities and challenges

BRICS is contemplating expansion and a common currency, yet it faces complex challenges in achieving this specific goal. With 40%
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A rolling recession is roiling several industries

While Wall Street grows confident about avoiding a recession, various industries like manufacturing show signs of economic distress. Wall Street
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Where is the global economy headed?

In times of global economic uncertainty, focusing on saving rates, investment, and human capital can provide crucial insights. One way
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Fed keeps rates unchanged, anticipates two minor hikes by year-end

Fed held interest rates steady, anticipating a half-percentage point rise by year-end amid a robust economy, subdued inflation. The Federal
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El Niño in full force: Concerns escalate as extreme weather patterns loom

El Niño’s return brings a looming threat of extreme weather conditions, heavy rainfall, droughts; and potential economic losses. The El
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Developed nations hamper green hydrogen and energy transition for developing countries, says Power Minister

Despite obstacles and carbon taxes on imports imposed by developed nations, India is committed to green hydrogen ambitions. During a
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Singapore sounds the alarm: Global economic prospects look grim

Global economic optimism faces headwinds as Singapore, a bellwether, reports sharp Q1 GDP contraction, adding to concerns worldwide. It’s getting
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From scandal to takeover: A look at Credit Suisse’s downfall and UBS’s emergency intervention

Credit Suisse’s tumultuous past, marred by scandals and fines, culminated in $3.2 billion takeover by long-time rival UBS. Beleaguered Swiss
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How India is staying ahead of its global peers amid the economic slowdown?

India’s economic ascent amid global uncertainty stems from robust exports, capex, tax revenue, strong banks, and proactive policies. Global leaders
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The end of Chinese lockdowns and the reopening of trade

China’s swift easing of COVID-19 lockdowns in 2023 will influence global growth, trade supply chains, with uncertain effects. Beijing’s rapid
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