India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling | Business and Economy News

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling | Business and Economy News

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Since Modi came to power in 2014, GDP per capita has risen from about $5,000 to more than $7,500. India’s GDP growth hit 8.4…

Samsung workers in South Korea take industrial action for first time | Business and Economy News

Samsung workers in South Korea take industrial action for first time | Business and Economy News

National Samsung Electronics Union, which represents tens of thousands of people, is pushing for better wages. Staff at Samsung Electronics, one of the world’s largest smartphone manufacturers and also one of the only companies producing high-end semiconductors, have taken industrial action for the first time as part of a six-month…

Rahul Gandhi seeks probe into stock market moves during India elections | India Election 2024 News

Rahul Gandhi seeks probe into stock market moves during India elections | India Election 2024 News

Exit poll projections of big wins by Modi’s alliance sent stock markets surging a day before votes were counted. Opposition Indian National Congress leader Rahul Gandhi has demanded a parliamentary investigation into sharp stock market moves towards the end of the just-ended national elections, alleging that Prime Minister Narendra Modi…

Bank of Canada cuts rates for first time in four years as inflation eases | Inflation News

Bank of Canada cuts rates for first time in four years as inflation eases | Inflation News

After keeping rates at a more than two-decade high of five percent, the BoC said indicators for underlying inflation improved. The Bank of Canada has trimmed its key policy rate by 25 basis points to 4.75 percent, in a widely expected move that marked its first cut in four years,…

What’s next for the European Green Deal? | Business and Economy

What’s next for the European Green Deal? | Business and Economy

The makeup of the EU’s next parliament could affect the future of the bloc’s climate policies. European Commission President Ursula von der Leyen unveiled the bloc’s climate plan in 2019, calling it “Europe’s man on the moon moment”. That landing of the so-called European Green Deal is now in question….

What’s the root cause of Nigeria’s economic crisis? | Business and Economy

What’s the root cause of Nigeria’s economic crisis? | Business and Economy

A general strike demanding higher wages brings Nigeria to a standstill. Nigeria has Africa’s largest population and it’s one of the world’s top oil producers. Yet the nation of more than 200 million people has struggled with corruption, economic mismanagement and a weak currency. A general strike this week is…

India shares plunge on concerns of a narrower win for India’s Modi | India Election 2024 News

India shares plunge on concerns of a narrower win for India’s Modi | India Election 2024 News

Indian stocks have suffered their worst intraday fall since March 2020 and foreign investors sold the most on record, as vote-counting trends in the general election suggested Prime Minister Narendra Modi’s alliance was unlikely to win the overwhelming majority predicted by exit polls. With over half the votes counted on…

GameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post | Financial Markets News

GameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post | Financial Markets News

Keith Gill, or ‘Roaring Kitty’, shared a screenshot on Reddit that showed he may hold five million shares of GameStop. Shares of GameStop soared once again following speculation that the man at the centre of the pandemic meme stock craze owns a large number of shares of the video game…

US activists worry about ‘losing major asset’ TikTok as potential ban looms | Social Media

US activists worry about ‘losing major asset’ TikTok as potential ban looms | Social Media

Michael Mezzatesta is a climate educator based in Los Angeles, California. For the last two years, he’s used TikTok and Instagram as a means to spread the word about climate marches and real-life ways people can get involved and fight to take on climate change. In September 2023, he helped…

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts | Tax News

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts | Tax News

New tax thresholds and hike in corporation tax are expected to raise about 2.6 trillion rubles ($29bn) a year. Russia has announced plans to raise taxes on businesses and the wealthy as it scrambles for additional revenue to fund its invasion of Ukraine. Government spending has exceeded revenue by tens…