World Economy
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Birmingham, UK’s second-largest city, declares itself bankrupt
The council have blamed a £760 million bill for equal pay claims, problems installing a new IT system and £1 billion in government cuts for its problems.
Scroll Staff
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US shuts down Signature Bank – second lender to fail in three days
The New York-based bank had assets valuing more than $110 billion dollars, making it the third largest lender to have collapsed in the US’ history.
Scroll Staff
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Recession will hit one-third of world economy in 2023, says IMF chief
The US, the European Union and China are all slowing simultaneously, International Monetary Fund chief Kristalina Georgieva said.
Scroll Staff
Trending
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When an emperor came calling on a newly independent India to learn from its early successes
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How the high demand for coaching classes reflects India’s employment and economic distress
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‘Crew’ review: A sexy, funny and honest airline heist movie
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Bharti group’s Rs 150 crore bond donation to BJP coincided with Modi government’s telecom U-turn
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Kotak firm’s Rs 60 crore donation to BJP coincided with crucial RBI decisions on Kotak Mahindra Bank
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UK faces longest recession since records began, warns central bank
The Bank of England announced its biggest interest rate hike since 1989 after consumer price inflation rose to a 40-year high in September.
Scroll Staff
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From Pakistan to Ghana, the whole world is facing a debt crisis
Richer countries like the US and China can help developing countries steer clear of this mess. But will they?
Patrick E. Shea, The Conversation
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These four issues will shape the world economy for the next few years
Will tensions ease and the economy recover or is the world headed for more turmoil?
David Bach, The Conversation
Video
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Watch: Comedian sings Ed Sheeran song in the style of artists ranging from Sonu Nigam to Kumar Sanu
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Watch: Woman holds abdominal plank position for over four and half hours
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Watch: Kuno National Park posts video to celebrate cheetah cub Mukhi’s first birthday
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Watch: Migrant workers travel in train toilet owing to unavailability of seats
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Watch: PTI posts video accusing male ANI reporter of assaulting and abusing its woman journalist
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Economic bailout of Sri Lanka shouldn’t cause more pain to its citizens
Bailouts can’t be called fair until they stop rewarding political elites for their poor policy choices.
Sayantan Ghosal, The Conversation & Dania Thomas, The Conversation
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Why the global system for rating companies’ ethical credentials makes no sense
Unlike financial reports, there is no legal requirement for ESG disclosures to be assured by certified public accountants.
Marc Lepere, The Conversation
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Will 2022 be the year when the global (and Indian) economy recovers from the pandemic?
Will there be a proper pandemic recovery?
Muhammad Ali Nasir, The Conversation
The Reel
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‘Patna Shuklla’ review: A competently argued legal drama
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‘Inspector Rishi’ review: A superbly crafted battle between fact and fable
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‘Alibaba Aani Chalishitle Chor’ review: A lightweight study of modern marriage
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‘Crew’ review: A sexy, funny and honest airline heist movie
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‘Amar Singh Chamkila’ trailer: Diljit Dosanjh plays the slain Punjabi singer in Imtiaz Ali’s biopic
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Ease of doing business: China’s rank drops as World Bank corrects ‘irregularities’, India unaffected
The ratings of United Arab Emirates and Saudi Arabia were also downgraded, while Azerbaijan saw an improvement.
Scroll Staff
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Covid-19 has disrupted the global supply chain – and that’s bad news for the UK
The protectionist mindset sparked by the Brexit movement has not helped.
Uma S Kambhampati, The Conversation
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World Bank says India retains top spot in remittances in 2018: Report
The Indian diaspora sent $79 billion home.
Scroll Staff
The Field
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Tennis, Miami Masters: Rohan Bopanna and Matthew Ebden through to the final
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Badminton, Spain Masters Super 300: Crasto-Ponnappa, Sindhu move into quarter-finals in Madrid
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IPL 2024: Riyan Parag, bowlers set up win for Rajasthan Royals against Delhi Capitals
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IPL 2024: KKR bring in Allah Ghazanfar as replacement player; RR rope in Keshav Maharaj
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Athletics: Neeraj Chopra to open his 2024 season at Doha Diamond League in May