A vegetable vendor, speaks on his mobile phone at a retail market area in Kolkata, India. Reuters
Government’s efforts to reverse the slowdown on the back of a sluggish GDP growth is expected to induce volatility in the Indian equity markets during the coming week.
Sounding a red alert on India’s consumer price index (CPI) inflation at an 8-year high print of 7.79 per cent YoY in April, Acuite Ratings has said it may trigger quicker rate hikes.
The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.
The UAE government and the World Economic Forum (WEF) (Davos 2022) have announced the signing of a sustainable global strategic partnership agreement that ushers in a new era of continuous, fruitful bilateral cooperation over the past two decades.
Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of the Sharjah Executive Council, in the presence of Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy
Dubai Chamber of Digital Economy – one of the chambers operating under Dubai Chambers – recently held a meeting with Equiti Group at its headquarters, which aimed to explore new ways to boost the growth of digital economy sectors.
The German economy grew slightly in the first quarter from the previous one, data showed, with higher investments offset by the twin impacts of war in Ukraine and COVID-19 that experts predicted would weigh more heavily in the three months to June.