China imposes export controls on Graphite, rattling EV supply chains amid Global tensions
BEIJING: In a move that has sent shockwaves through the global market, China has announced stringent export controls on specific graphite products, effective from December 1, 2023. The Chinese government, citing “national security concerns,”
German business activity slump suggests recession ‘well underway’ -PMI
BERLIN : Business activity in Germany contracted for a fourth straight month in October as manufacturing’s downturn was matched by a renewed decline in services, a preliminary survey showed on Tuesday, suggesting a recession
India and Saudi Arabia discuss ways to increase bilateral investments
RIYADH : Commerce and Industry Minister Shri Piyush Goyal on Tuesday met Saudi Arabia’s Minister of Investment Khalid A Al-Falih, and discussed ways to boost bilateral investments between the two countries in different sectors.
Mumbai faces unprecedented business exodus as diamond tycoon relocates to Surat
SURAT : In a historic move that has left the corporate world in awe, billionaire diamond businessman Vallabh Lakhani, affectionately known as Vallabh Kaka, is set to bid adieu to the bustling streets of
India, Indonesia to hold high-level meetings to discuss boosting Sabang Port infrastructure
NEW DELHI : The Governments of India and Indonesia will hold multiple high-level meetings from November 20-24 to finalise details to develop the infrastructure at Sabang Port in the archipelago’s Aceh province, multiple officials
Germany to dislodge Japan as world’s 3rd largest economy
TOKYO : Germany’s Economy is projected to dislodge Japan’s as the world’s third largest in 2023, helped by a slide in the Yen against the Dollar and the Euro. The International Monetary Fund’s latest projections
IMEEC work begins with 3.5 lakh crore railways plan to link 8 ports on West Coast
NEW DELHI : A strategic project, the plan under the India Middle East Europe Economic Corridor (IMEEC) is to transport goods from Indian Ports to Fujairah in the UAE by ship, and from there
US emerges as India’s biggest trading partner during Apr-Sep this fiscal
NEW DELHI : The US has emerged as India’s biggest trading partner during the first half of the current financial year despite global economic uncertainties and declining exports and imports, according to government data.