A farmer works at a farmland in Kampala. Reuters
US retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
The Information and Communication Technology (ICT) sector in the UAE has achieved significant progress in global ranking from the 6th to 2nd, according to the Global Competitiveness Index (GCI) 2019 issued by the World Economic Forum (WEF).
Although India’s economic growth rate has been cut to 6.1 per cent for the current fiscal year, it still remains “very strong” by global standards, International Monetary Fund’s (IMF) Deputy Research Director Gian Maria Milesi-Ferreti said.