Business News

India has again claimed its position in the world's fifth-largest stock market after losing its spot to France in January 2023. The reason behind it being foreign investors have snapped up the Asian nation's shares.

Earlier, India's market capitalization stood at USD 3.3 trillion as of May 29, 2023, which helped to rebound Adani Group's stocks after a seller report of 2023 sparked a rapid selloff. France meanwhile lost more than USD 100 billion in market price in the fourth week of May as the luxury goods makers witnessed a flight amid fears of a…

Continuing inflation has helped push Germany into recession in the first quarter of 2023, as an upgrade to the growth data shows. According to the data by BBC, the economy contracted by 0.3 percent between January and March, as said by the statistics office. A 0.5 percent contraction follows it in the last quarter of 2022.

A country is counted to be in recession when the economy shrinks for consecutively two quarters. An analyst of DekaBank said under the weight of massive inflation; the German consumer has fallen to such an extent that it is dragging…

Asia's markets other than China are emerging as more attractive alternatives for global investors as China is stumbling over its equity market performance. Chinese stock gauge faced losses from its recent peak reach of 20 percent, just like benchmarks in India approached record height. In May 2023, Japanese stocks also hit a three-decade high, and Taiwan outperformed most of the stock markets around the globe.

As major world economies decouple from China, a shift in Asia -focused portfolios stay underway, surging concerns that a sink in Asia's largest…

In recent quarters, Meta has been struggling to generate any progress whatsoever. The reason behind the weak demand for ads is the softening economy. It has made it difficult for Meta and other social media companies to keep their gross figures from falling.

According to the sources, when Meta reported its latest earnings, surprisingly, the sales came in better than the analysts expected; the sales of USD 28.6 billion in the Meta for the initial three months of 2023, which is up 3 percent from the prior-year period.

Along with the revenue growth, the…

The global economy is facing new challenges in 2023 due to various reasons. Without any deviation, this leads to a slowing economy that further checks the market growth. A blooming labor economy enhances sales in the market. 

According to International Monetary Fund (IMF), Some selected economies, which account for 83 percent of world output, and advanced economies like the United States and the United Kingdom, showed growth projections annually for the Gross Domestic Product (GDP) of about 0.5 and 1 percent for 2023. These two countries accounted for…

After the policies failed in China's property market, the country is working on new measures to support this sector. In non-core neighborhoods of major cities, regulators are reducing the down payment, lowering agent commissions, and inducing relaxations on restrictions for residential purchases under the guidance of the state council. 

The government of China also looks forward to refining and extending some policies laid out in the sweeping 16-point rescue package it rolled out in 2022. Chinese yuan also jumped on news of the potential measures…

Due to the slow economic conditions globally, the low-interest rates have led the Federal Reserve to take decisive actions to get hold of inflation. It has been happening since the past 14 months to raise the federal funds' target rate by 500 basis points from March 2022. 

Based on recent surveys, the Fed raised its policy rate by 425 basis points for federal funds. But no other tightening cycle for the hike in interest rates in the last 40 years could come even closer to the current process based on scope and speed. Even long back, when the Fed was…

As per the United States Bureau of Labor Statistics, Consumer price growth fell to its lowest rate in May 2023 after a long period since March 2021. Many geopolitical and economic reasons led to the increase in inflation rates.  

Annually the price growth rate came down to 4 percent; price growth rose to 0.1 percent month-over-month. According to the U.S. Bureau of Labor Statistics, in the last 12 months, the price index has increased 4 percent before all seasonal adjustments. The data also added that the shelter index is the largest one to contribute…

The electric vehicles (EV) market is booming as EV producers have seen a rise in demand in 2023. The auto industry is witnessing an expansion in the global sales of the overall electric car market share of up to one-fifth. China's EV market is progressing as sales have risen since May 2023.

Inflation of consumer prices in the United States has already calmed down, but the constant increase of 4 percent year over year has remained the same since May 2023, keeping pressure on households. But the producer price index has been declining continuously since July 2022. In contrast, the consumer price index is rising, and questions about the reasons behind the constant increase in prices have not changed the increased cost price for the producers.

Based on a survey, the data provides that many consumer product companies are increasing their bottom…

International Institute for Management Development (IMD) published its World Competitiveness Ranking on June 2023 by evaluating 64 economies worldwide based on four broad categories: economic presentation, infrastructure, and efficiency of both business and government sectors. IMD provides insights into the market trends along with the economies' statistical data and survey reports. The organization analyzes the data and ranks different countries based on their strategies to manage their expertise for long-term productivity.

The World Competitiveness…

The Bank of England (BOE) has consecutively raised interest rates for the 12th time as it tries to stop prices from rising so quickly. The bank rate increased to 4.5 percent from 4.25 percent following a meeting of the Monetary Policy Committee.

According to the National Statistics (ONS), prices rose 8.7 percent from April 2023. There has been a series of bank rate increases since December 2021 to control inflation. The BOE will be keen to dampen the economy, but the peak would still be lower than the initial predictions after the 2022 minibudget…

The rate of price rises in the supermarkets of the United Kingdom hit a new high in May 2023 due to chocolate, coffee, and non-food goods. The British Retail Consortium (BRC) and NielsenIQ said that the overall inflation rate at grocers is 9 percent. The prices for fresh food have fallen marginally, and the costs of some commodities like cocoa and coffee have jumped.

The government asks supermarkets to set a limit for prices on food items to help with inflation, which would be voluntary, and limit the price of basic foods like bread and milk. But the…

The electric vehicle (EV) maker company Tesla is growing its production and reaching new levels of achievement in the global market. The company released its second-quarter earnings in 2023 in July. It cited the second quarter earnings as the record quarter on many platforms due to production and deliveries together as a joint venture for better results.

The company gained around USD 25 billion in revenue in a single quarter and is pleased to achieve this figure. Simultaneously, Tesla has also marked the challenges faced by the company to overcome the…

Mexico ranks top as the trading partner for the United States at the beginning of 2023, according to the most recent data published by the U.S. Census Bureau. Mexico's total trade with the United States increased by 12 percent year-over-year to USD 64 billion compared to the same period in 2022. Canada ranks second, and China ranks third with their trade with the United States, with USD 62 billion and 51.3 billion, respectively, in 2023

With most of the exports for the United States going to Mexico, Canada, China, Japan, and the United Kingdom, the…

Cebu has retained its position as the wealthiest province in the Philippines in 2023, with total assets of PHP 208.27 billion, according to the Commission on Audit (COA). This is followed by Rizal and Batangas, with total assets of PHP 28.7 billion and PHP 26.3 billion, respectively.

The COA said that the wealth of the provinces is based on their total assets, which include cash and investments, properties, and receivables.

The report said that the wealth of the provinces is a reflection of their economic activity and development. The provinces with…

The World Bank publishes data on world development indicators, holding Europe's gross domestic product at about 1.6 percent in agriculture, forestry, and fishing for 2023. In the spring of 2023, European Union farmers have shown resilience due to above-average input costs and lower commodity prices.

Germany is the least dependent on agriculture among the European countries as the service sector covers up around two-thirds of the gross value added. In contrast, the United Kingdom and Switzerland have 0.7 and 0.6 percent dependency on agricultural yield,…

The import and export trade of the United States is measured mainly by the volumes of goods transported into the country. Still, it is significantly less known about the country's biggest exporters. The United States has always been at the top of the list for exports and imports for every economic year. The country exported around USD 162 billion and imported USD 251 billion in April 2023.

The country's exports were mainly focused on crude petroleum, that is, USD 9.58 billion, refined oil, about USD 9.16 billion, and petroleum gas, about USD 5.44…