Global merchandise trade is projected to grow 0.9% in 2025, helped by a surge in US imports ahead of sweeping tariff hikes, but the World Trade Organization (WTO) warned that the impact of higher duties will hit hard in 2026.In its latest forecast, the WTO revised next year’s trade growth estimate down to 1.8%, from…
India’s growth story may be headed for a rough patch after US President Donald Trump imposed a steep 25% “reciprocal” tariff on Indian goods, a recent report by Goldman Sachs showed.In a newly revised outlook, the brokerage trimmed its forecast for India’s real GDP growth by 0.1 percentage point. It now expects the economy to…
Old Trafford stadium in Manchester (Pic credit: Alderley Aerial Photography/X) NEW DELHI: As Day 4 of the crucial India vs England fourth Test begins at Old Trafford on Saturday, weather has once again emerged as a major talking point — particularly from India’s perspective, as they look to claw their way back into the series.Go…
Taiwanese chipmaker TSMC posted a stronger-than-expected 60.7% jump in second-quarter net profit, fuelled by strong demand for artificial intelligence technology.Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker and a key supplier to tech heavyweights like Nvidia and Apple, posted a net profit of NT $398.3 billion ($13.5 billion) for the three months to June….
File photo: CII President Rajiv Memani (Picture credit: PTI) The Confederation of Indian Industry (CII) on Thursday projected India’s economic growth to range between 6.4 per cent and 6.7 per cent in the financial year 2025-26, driven largely by strong domestic demand. However, it flagged geopolitical uncertainty and risks to global trade as potential headwinds…
The growth projections by S&P align with the Reserve Bank of India’s recent forecast of 6.5 per cent made earlier this month. (AI image) Indian economy on strong footing: S&P Global Ratings has revised India’s GDP growth projection upwards for the ongoing fiscal year to 6.5%, considering factors such as anticipated normal monsoon, reduced crude…
British luxury carmaker Jaguar Land Rover (JLR) sharply lowered its earnings outlook for the next financial year, citing growing uncertainty in the global automotive market and new US tariffs that threaten to disrupt international sales.On Monday, JLR revised its earnings before interest and taxes (EBIT) margin forecast for fiscal 2026 to between 5% and 7%,…
Despite a heatwave sweeping across northern and eastern India, room air-conditioner (RAC) industry is heading into the second half of 2025 with low expectations. Although June saw a spike in sales due to the heat, patchy weather and unexpected rains in many areas have led major AC makers to cut their growth forecast to just…
The Boeing worldwide commercial aircraft fleet is projected to reach nearly 50,000 aircraft by 2044, with the majority manufactured during the upcoming two decades, as indicated in Boeing’s latest forecast published on Saturday.The total fleet will increase to 49,600 aircraft, slightly lower than Boeing’s previous yearly prediction, the company announced before the commencement of the…
As tensions between Israel and Iran flared in recent weeks, a bizarre and long-forgotten theory has re-entered the spotlight the so-called “Pizza Index.” No, this isn’t the latest foodie trend. It’s a strange metric some online sleuths claim can predict major military action. The theory, largely fuelled by an anonymous X (formerly Twitter) account, suggests…