Himachal Pradesh: Tourists throng to hill stations in Shimla to escape scorching heat

Himachal Pradesh: Tourists throng to hill stations in Shimla to escape scorching heat

Hordes of tourists flock to hill station resorts in Himachal Pradesh, which generates ₹11,000 crore annually and constitutes 7.3% of the State’s Gross Domestic Product. | Photo Credit: PTI A haven for those seeking respite from the scorching heat prevailing in other parts of the country, Shimla has enjoyed considerable tourist footfall in recent months. […]

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Slowdown in GDP growth late last year temporary: Moody’s Analytics

Slowdown in GDP growth late last year temporary: Moody’s Analytics

The Moody’s Corporation headquarters in Manhattan, New York, U.S. | Photo Credit: Reuters Moody’s Analytics on March 7, said India’s domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India’s gross domestic product […]

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Lebanon adopts ‘dollarization’ as currency, economy crumble

Lebanon adopts ‘dollarization’ as currency, economy crumble

When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help him manage a bustling business. Those days are over. Bazazo now mostly works alone, […]

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Sensex, Nifty fall nearly 1% on weak global trends, foreign fund outflows

Sensex, Nifty fall nearly 1% on weak global trends, foreign fund outflows

A view of the Bombay Stock Exchange building in Mumbai | File Photo Market benchmarks ended nearly 1 per cent lower on Thursday amid weak trend in global equities and continuous foreign fund outflows. The BSE Sensex tumbled 501.73 points or 0.84 per cent to settle at 58,909.35. During the day, it tanked 544.82 points […]

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Analysis | World trade boom keeps de-globalisation at bay

Analysis | World trade boom keeps de-globalisation at bay

Globalisation may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable. Since the COVID-19 pandemic and Russia’s invasion of Ukraine shattered global supply chains, debate has raged over how integrated the global economy will be in the future compared […]

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Morning Digest | EU approves 10th package of Russia sanctions; NDA has changed fate of northeast in past nine years, says PM Modi, and more 

Morning Digest | EU approves 10th package of Russia sanctions; NDA has changed fate of northeast in past nine years, says PM Modi, and more 

European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium | Photo Credit: Reuters EU approves 10th package of Russia sanctions on anniversary of invasion The European Union, after hectic last-minute haggling, has approved a tenth package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, the Swedish EU Presidency said late on Friday. […]

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Morning Digest | India abstains in U.N. vote on Ukraine; Gandhis likely to stay away from Congress steering committee meeting, and more

Morning Digest | India abstains in U.N. vote on Ukraine; Gandhis likely to stay away from Congress steering committee meeting, and more

The U.N. General Assembly votes in favour of a resolution upholding Ukraine’s territorial integrity and calling for a cessation of hostilities after Russia’s invasion, Thursday, Feb. 23, 2023, at United Nations headquarters. | Photo Credit: AP India abstains in U.N. vote underscoring need for just, lasting peace in Ukraine India abstained in the U.N. General Assembly on February 23 […]

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Watch | Business Matters: What should the Indian economy watch out for in 2023?

Watch | Business Matters: What should the Indian economy watch out for in 2023?

Watch | Business Matters: What should the Indian economy watch out for in 2023? There’s so much happening in the world that we are all once again facing a nebulous situation on several fronts. Both the Russia-Ukraine war which is showing little sign of ending, as well as fear of the next wave of the […]

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Fed policymakers see higher U.S. interest rates for longer

Fed policymakers see higher U.S. interest rates for longer

Federal Reserve Board Chairman Jerome Powell looks on during a news conference at the Federal Reserve Building in Washington, U.S. | Photo Credit: Reuters Federal Reserve policymakers expect to raise U.S. interest rates further, and keep them high for longer, than they had earlier anticipated, signaling Wednesday that squashing high inflation will likely take a […]

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