Chief Minister M.K. Stalin on Saturday said the State had achieved growth in all economic indicators. “Tamil Nadu is India’s second biggest economy. The State’s contribution to the national Gross Domestic Product, which was 5.4%, has increased to 9.21% in the last four years,” he said at a function organised by the DMK in Pallavaram … Read more
The lack of adequate political freedoms, the absence of gender equality, and recurrent economic crises have frequently triggered protests The lack of adequate political freedoms, the absence of gender equality, and recurrent economic crises have frequently triggered protests Earlier this month, 22-year-old Mahsa Amini was detained by Iran’s morality police for “violating” the mandatory dress … Read more
The output of eight core sectors rose 4.4 per cent in September on account of healthy performance by segments like natural gas, refinery products and cement, official data showed on Friday. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 0.6 per cent in … Read more
The U.S. reported 36,919 new coronavirus cases Sunday as the world-wide death toll approached one million. India, meanwhile, became the second country after the U.S. to have reported more than six million cases. The new U.S. cases bring the nation’s total reported infections to about 7.12 million, with more than 204,750 dead, according to data … Read more
LONDON—The British government reversed course and joined other European countries in offering extended help to businesses in the face of a new surge in coronavirus cases. The announcement follows the imposition this week of a new set of restrictions on the U.K. economy because of the rise in Covid-19 cases, which has led some forecasters … Read more
OTTAWA—Canadian Prime Minister Justin Trudeau laid out his plans to rebuild the country’s economy, in an effort to address damage done by the coronavirus pandemic and turn the page on a scandal over the awarding of a contract. His Liberal government outlined the broad strokes of its near-term agenda in a ceremonial speech to Parliament. … Read more
The coronavirus’s resurgence is weighing on service providers in Europe and Asia, even as factories continue to report a strengthening recovery from spring’s sharp declines in output. Surveys of purchasing managers in France, Germany and Japan pointed to a decline in activity at businesses that provide services during September, an indication that the global economy … Read more
An informal partnership that kept Germany’s economy tethered to China’s for decades is unraveling, threatening Berlin’s—and Europe’s—post-pandemic recovery as the Asian giant stages a powerful comeback. The relationship that saw Germany provide China with the machines to power its economy helped the German economy recover rapidly after the financial crisis. But German business leaders say … Read more
RIO DE JANEIRO—Covid-19 has killed more than 130,000 in Brazil, second only to the U.S., and hammered the economy. Still, the administration of President Jair Bolsonaro, who has lashed out at governors who ordered businesses to close and clashed with health experts over social-distancing measures, is more popular than ever. With millions… Source link
LONDON—The global economy is bouncing back strongly from the dramatic collapse it suffered in the spring, but fresh data suggest the early gains from the lifting of coronavirus lockdowns are already exhausted, adding to evidence that the world economy could take many months, if not years, to heal. Fresh figures from the U.K. provide valuable … Read more