world
5% remittance tax. NRIs in USA read this
A new US bill is causing major concern among immigrant communities. The bill - A 5% tax on every dollar sent abroad. For India’s large diaspora of 2.3 million Indians working in the US, this isn’t just another law. It directly affects...
Bitcoin price reaches all-time high above $100,000
The price of Bitcoin, the largest cryptocurrency in the world, has just surpassed $100,000 for the first time. This price was reached on December 5, after support from U.S. President-elect Donald Trump, who is seen as favorable toward the...
Canada’s economy slows down in Q3’25
Canada's economy is expected to fall short of the Bank of Canada's updated forecast for the third quarter. Recent data revealed that temporary issues hindered gross domestic product (GDP) growth in August, when business activity was already weak....
UK economy grows 0.1% in the third quarter
The U.K. economy unexpectedly shrank in September and saw only slight growth in the third quarter after a strong start to the year. In September, the Gross Domestic Product (GDP) dropped by 0.1%, following a small increase of 0.2% in August....
Dubai’s economy grows 3.3% in second quarter based on tourism and technology sectors
Dubai's economy grew by 3.3% in the second quarter of 2024, reaching a total of Dh 116 billion ($31.58 billion), thanks to non-oil sectors like tourism and technology. This growth is a bit higher than the 3.2% increase from the first quarter,...
China expands visa-free entry to boost economy
China plans to allow citizens from nine additional countries to enter without a visa. This move aims to encourage tourism and business travel to aid in the recovery of its struggling economy. Starting November 30, travelers from Bulgaria, Romania,...
Congress Party raises alarm on SBI move to convert its debt into equity in Supreme Infrastructure
Congress has voiced alarm about the State Bank of India’s decision to convert its debt in Supreme Infrastructure India into equity, calling on the RBI to probe the move, which they feel sets a hazardous precedent in corporate debt management. In...
Chief economists bullish on India
A majority of chief economists have expressed cautious optimism about the global economy, with India’s strong performance making South Asia the strongest performer globally. “Easing inflation and strong global commerce are fuelling cautious...
