While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
Pfizer has halted development of its experimental weight-loss pill, danuglipron, after a patient in a clinical trial developed a liver injury, dealing a blow to the company’s ambitions in the rapidly growing
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Nato has acquired an artificial intelligence-powered military system from Palantir Technologies, the US software company chaired by Peter Thiel, a prominent backer of Donald Trump, in a move that signals both urgency
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The U.S. dollar, once regarded as the gold standard for financial stability, is losing its “safe haven” status as global investors increasingly turn their backs on both U.S. bonds and the dollar
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India’s foreign exchange reserves increased by USD 10.872 billion, reaching USD 676.26 billion in the week ending April 4, 2025, according to official data released by the Reserve Bank of India (RBI).
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Nearly one-third of all domestic digital payments in India this year have been credit-driven, powered by credit cards and equated monthly instalments (EMIs), according to a recent survey analysing transaction data from
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Argentina has agreed to significantly relax its strict currency controls as part of a landmark $20 billion deal with the International Monetary Fund (IMF), a bold move by President Javier Milei’s administration
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In a move aimed at easing global investor jitters, the Trump administration has excluded smartphones, along with routers and selected computers, from its sweeping new “reciprocal” tariffs—marking a rare moment of restraint
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Swiss pharmaceutical giant Novartis is set to invest $23 billion in U.S.-based manufacturing and research over the next five years, a major move aimed at bolstering domestic production capabilities as the company
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Tesla has suspended new orders for its premium Model S and Model X vehicles in China, in a dramatic response to mounting tensions between the United States and China following a sharp
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Beijing has escalated its trade tensions with the United States by imposing a staggering 125% tariff on U.S. goods, in retaliation for the U.S.’s recent hike in tariffs on Chinese exports. The
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AI might one day help slash carbon emissions—but right now, it’s doing the opposite. A new report from the International Energy Agency (IEA), covered in MIT Technology Review, suggests AI could eventually
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As the trade war between the world’s two largest economies deepens, Chinese exporters are scrambling to adjust to the crippling impact of escalating U.S. tariffs. In response to President Trump’s new tariff
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The US shale oil industry is confronting its most severe crisis in years, as a dramatic plunge in crude prices, spurred by President Donald Trump’s trade war, threatens to push many producers
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In a high-profile case illustrating the Russian government’s tightening grip on key industries, billionaire Dmitry Kamenshchik, owner of Domodedovo Airport, found himself in the crosshairs of the state after he rejected an
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BlackRock, the world’s largest asset manager, has subscribed to a $750 million bond issue by India’s Adani Group, a private placement deal that marks a potential recovery for the conglomerate despite ongoing
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