US Treasury Secretary Scott Bessent has warned that the economic fallout from the prolonged government shutdown is intensifying, saying the situation is getting “worse and worse” as disruptions ripple through key sectors and strain public finances.(Breaking story) Source link
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed over 50 memoranda of understanding (MoUs) with leading companies–including ITC, Flipkart, Mercedes-Benz, boAt, and Hero MotoCorp –to strengthen the manufacturing and innovation ecosystem for startups, an official said.As part of the initiative, the department has been engaging with corporates, industry associations, veterans, and…
The National Company Law Tribunal (NCLT) has approved the merger of Suzuki Motor Gujarat Pvt Ltd with its parent company, Maruti Suzuki India Ltd, marking a key consolidation move for the country’s largest carmaker.A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of…
Representative image (Picture credit: ANI) Pakistan’s manufacturing industry, once considered a key driver of economic growth and employment, is undergoing one of its worst downturns in recent history. The sector has seen a steep 46 per cent fall in private investment over the past six years, raising fears of long-term stagnation among economists and industrial…
Flight schedules across the United States were thrown off course this weekend, after the Federal Aviation Administration (FAA) ordered airlines to scale back operations due to the ongoing government shutdown, a move that has already led to more than 2,500 cancellations by Saturday evening.The FAA’s directive, issued because staffing levels have dropped at radar centres…
China saw a mild increase in consumer prices in October, breaking a stretch of stagnation and decline as the world’s second-largest economy continues to fight a series of economic setbacks. Official figures released on Sunday by the National Bureau of Statistics (NBS) show that the consumer price index (CPI) edged up 0.2% year-on-year last month….
This Thanksgiving, retailers in the United States are leaning heavily on private-label products to promote what they say are the most affordable meal deals in years. Walmart, Target and Aldi are each highlighting cost savings ahead of the holiday, but the reductions come with trimmed menus and more store-brand substitutes.At Walmart, this year’s meal bundle…
Pfizer is poised to acquire US-based biotechnology firm Metsera in a $10 billion deal, after winning a heated bidding battle against Danish drugmaker Novo Nordisk, which has now withdrawn from the race, AFP reported.Metsera, which specialises in obesity treatments, said in a statement that Pfizer’s improved offer of $86.25 per share had been unanimously approved…
In this CXO Connect conversation with Prasad Sanyal, beauty pioneer Dr Blossom Kochhar looks back at four decades of building India’s aromatherapy movement—from hand-blending creams on her kitchen table to shaping the country’s wellness education ecosystem. When your name is Blossom, destiny doesn’t really do nuance. It arrives in full bloom. Her father, a coffee…
Gold prices extended their decline for the third straight week, pressured by a stronger US dollar and cautious remarks from Federal Reserve officials that curbed investor appetite for safe-haven assets, analysts said.The sustained firmness in the greenback and the US central bank’s wait-and-watch stance have kept bullion trading in a narrow range through the holiday-shortened…