News
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IMF cuts 2023 global growth, warns major economies to stall
More than a third of the global economy is headed for contraction this year or next, and the three biggest economies—the United States, European Union and China—will continue to stall, International Monetary Fund economic counsellor Pierre-Olivier Gourinchas warned in a blog post accompanying the fund's latest World Economic Outlook
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CNN-News18 Indian of the Year 2022: Awards to honour sportspersons, climate warriors, social activists, and more
Winners across six categories will be recognised for their efforts and achievements in a ceremony to be held on October 12
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World failing to address 'dangerous' inequality after Covid: Oxfam
The charity assessed 161 governments from 2020 to 2022, and half of the nations covered cut their spending on social protection and 70 percent slashed education. However, only 11 out of 161 nations increases taxes for the rich
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Are steaming platforms and non-Hindi content stealing Bollywood's thunder?
Of the more than 50 Bollywood films released in the past year—fewer than normal because of the pandemic—just one-fifth have met or surpassed revenue targets, said media analyst Karan Taurani of Elara Capital. Pre-pandemic it was 50 percent
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Forbes India 30 Under 30: We are looking for the Class of 2023. Nominate yourself today
Our nomination forms to find the Class of 2023 are now open—if you are an exceptional professional or entrepreneur in one of our 21 categories, send in your nomination before November 30, 2022
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Credit Suisse preps 'transformation plans' to restore confidence
The Swiss bank's stock price has shed 70 percent since the March 2021 collapse of British financial firm Greensill to which it was heavily exposed. With Switzerland's second-biggest bank refraining from revealing its intentions, speculations have been swirling
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Hey big spenders: Qatar woos the rich with luxury World Cup
With deluxe match packages selling for thousands of dollars and five-star hotels doing a brisk trade, a sheen of glamour coats Qatar's World Cup despite football's working-class roots
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Judge halts Twitter-Musk case, sets Oct 28 deadline to close deal
Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized
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US national debt tops $31 trillion for first time
The breach of the threshold comes at an inopportune moment, as historically low interest rates are being replaced with higher borrowing costs as the Federal Reserve tries to combat rapid inflation
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As demand for oil falls, Saudi Arabia and Russia face limits to pricing power
Even if Saudi Arabia and other leading oil-exporting countries cut their production targets this week, spurning U.S. efforts to keep supplies flowing, the move may barely register in global oil prices. Here's why
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Fitch lowers outlook for UK rating from 'stable' to 'negative'
Just a month since she succeeded Boris Johnson, Truss has alienated voters, financial markets and many of her own lawmakers