New York, June 18 The US stock market has officially entered a bear market as the June BofA Fund Manager Survey (FMS) signals deeper investor misery. The survey finds that inflation will nonetheless remain high relative to history so by far and away the most popular description of what the ...

London, June 17 The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession. Share prices fell in Asia on Friday at the beginning of what was ...

Washington, June 16 The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day policy meeting of the fed. It ran ...

London, June 16 The United Kingdom's central bank has hiked interest rates for a fifth time since December in a bid to tame spiralling inflation, reports said. The Bank of England said on Thursday that it would raise the cost of borrowing by 25 basis points to 1.25 per cent ...

New Delhi, June 16 India's newest airline Akasa Air took delivery of its much anticipated first Boeing 737 MAX aircraft in Seattle, the airline said in a statement on Thursday. With a strong commitment to democratise the skies, the airlines' total order of 72 aircraft includes an initial delivery of ...

New York, June 15 Is the US economy slipping into a recessionary period and have the sanctions on Russia over the Ukraine war in the eastern Donbas region set to boomerang, bringing stocks down and the entire money market into a tailspin reversing the bullish trends to bearish ones. Judging ...

New Delhi, June 14 It is widely believed that the last half a decade has been challenging for India. However, at the same time, it is also interesting to note that the phase has seen much more structured and meaningful reform taking place than in the past. Economic disarray, stagnation, ...

New Delhi, June 12 The market capitalisation of the top 100 companies globally increased from $10.3 trillion to $31.7 trillion, an increase of 48 per cent, from March 2020 till March 2021, a new report said on Sunday. Apple topped the list with $2.85 trillion in market cap, followed by ...

Dubai, June 9 Dubai's tourism sector continues to recover fast after the Covid-19 pandemic as the Emirate recorded a massive increase in arrivals in the first four months of this year. According to the Dubai Media Office, the number of visitors to the city reached 5.1 million during January-April 2022, ...

San Francisco, June 3 Elon Musk is reportedly planning to axe 10 per cent of Tesla staff, along with freezing hiring amid stalled Twitter deal, global macroeconomic conditions like chip shortage, rising inflation and high interest rates. A Reuters report said on Friday that Musk has emailed Tesla executives, telling ...