Economy

Rashtrapati Bhavan, the official residence of the President of India, in New Delhi.Kriangkrai Thitimakorn | Moment | Getty ImagesChina’s growth slowdown is set to hurt global commodity demand, but India could make up for some of that shortfall, according to ANZ.India’s economic growth is likely to outpace China’s, with the South Asian nation set to become… […]

Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S.Daniel Acker | Bloomberg | Getty ImagesA bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors — and both sides are working hard to gain the attention of consumers.The Credit Card… […]

Four years ago, Elizabeth took a “Business English” course to communicate better with her colleagues. But the 35-year-old Taiwanese professional who lives in Singapore said they still ridicule her accent. So she’s now thinking about taking more courses, with two goals in mind: to improve her English pronunciation and “remove” her native accent, she said.”I think my… […]

U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC.Win Mcnamee | Getty ImagesWASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits without congressional approval, Treasury Secretary Janet Yellen told members of a Senate Appropriations subcommittee on Wednesday.Several… […]

General Motors’ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night.A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on Twitter.He told CNBC that around 1: 45 p.m. on March 22,… […]

The company’s Terran 1 rocket lifts off from LC-16 at Cape Canaveral, Florida.Relativity SpaceRelativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night, which successfully met some mission objectives before failing to reach orbit.Terran 1 lifted off from LC-16, a launchpad at the U.S. Space Force’s facility… […]

Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating […]

U.S. Department of Homeland Security emblem. Gwengoat | Istock | Getty Images The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The move comes just one week after Beijing retaliated against claims of human rights violations in the region and related “discriminatory measures” from American companies. The […]

Jean Kang, 32, brings in about $20,000 a month with her business. Courtesy of Jean Kang Jean Kang never thought she would be an entrepreneur. Growing up in the San Francisco Bay Areashe had always envisioned herself working for a big tech company. “I grew up watching a lot of ‘Shark Tank’ [and] thought it […]

Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen market analysts aren’t budging from their Bank of Japan policy expectations for the longer term. The yen […]