China, the world’s second-largest economy, registered its trade surplus, reaching a landmark $1 trillion in November for the first time ever
Tag: Economy
India inaugurates state-of-the-art Consulate in Shanghai, strategically located in trade corridor
The Shanghai Consulate, opened on December 7, caters to India’s burgeoning business community in the eastern region of China, home to top trade and business hubs like Yiwu, where a number of Indian businesses are present.
Lufthansa is planning to remove 4,000 jobs by 2030
German airline group Lufthansa on Monday announced plans to cut about 4,000 jobs, or around 4 percent of its global workforce, by 2030.
UAE attracting 9,800 millionaires in 2025: Reports
The UAE is eyeing to become the world’s major destination for high-net-worth individuals (HNWIs) in 2025.
World Bank report says global economic growth is expected to decline this year
Global economic growth is expected to decline this year due to increased trade barriers and policy uncertainty, the World Bank said.
Singapore job market: Demand for high-skilled talent means lion’s share of vacancies for PMET segment
According to the jobs report, the Singapore market also had many vacancies for software, web and multimedia developers and computer network, infrastructure and platform professionals — this demand spike was driven by the increasing digitalisation of the economy.
US share market sell-off: Dow drops 1,042 points as Wall Street gets spooked by spectre of “Trump recession”
The worry is that the whipsaw moves by the Trump Administration will either hurt the US economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 was down 9.1 per cent from its all-time high set on February 19.
Is US headed for “Trump recession”? Economic worries mount over tariff wars, workforce cuts, spending freeze
The US federal government reduced its payrolls by 10,000 in a potential harbinger of the alarm being sounded by the stock market, consumer confidence and other measures of where the economy is headed. Since January, the economic policy uncertainty index has spiked 41 per cent to a level, 334.5, that in the past signalled a recession.
Women’s Day 2025: ‘Women and Finance’ survey in India shows 90% of female rural entrepreneurs are diligent savers
The survey, conducted by Haqdarshak and DBS Bank India, has revealed that 100 per cent of respondents in Madhya Pradesh; 95 per cent in Maharashtra; and 73 per cent in Rajasthan set aside a portion of their income as savings.
“We will always stand with you”: PM Wong to Singaporeans on cost-of-living support
Explaining in an X video the reason for the GST hikes, PM Wong reiterated what he had said during his speech during the Singapore Budget 2025 discussion in parliament — global events were driving up costs in the small and open economy of Singapore even before the GST rate hike, so the tax alone did not cause a spike in the cost of living.
