Economy – Page 7

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Modi calls farmer protests over contested laws politically motivated

By Reuters Staff MUMBAI (Reuters) – Prime Minister Narendra Modi said on Friday that protests by farmers against three laws brought by his government were politically motivated, as he touted the success of an agricultural scheme launched last year. Thousands of farmers from several Indian states have been camped on the outskirts of New Delhi […]

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Trump signs into law stopgap funding bill to avoid government

By Patricia Zengerle, Richard Cowan WASHINGTON (Reuters) – President Donald Trump on Friday signed into law a two-day stopgap extension of existing federal funds passed by Congress to avoid a midnight government shutdown, as lawmakers negotiate a $900 billion pandemic aid bill and as part of $1.4 trillion government spending package. The House of Representatives and Senate, […]

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Sensex, Nifty fall from record highs as banks drag

By Anuron Kumar Mitra BENGALURU (Reuters) – Indian shares slipped from record highs on Friday, dragged down by banking stocks, as investors locked in gains after indexes scaled fresh peaks in 18 of the past 27 sessions. The blue-chip NSE Nifty 50 index fell 0.34% to 13,694.20 by 0446 GMT, while the benchmark S&P BSE […]

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G20 to discuss post-pandemic world, back debt relief

By Jan Strupczewski BRUSSELS (Reuters) – Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented COVID-19 pandemic that has caused a global recession and how to manage the recovery once the coronavirus is under control. High on the agenda are purchases and global distribution of vaccines, drugs […]

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What turns a product into a global phenomenon?

By Hilary George-Parkin9th November 2020 There are countless products to buy, but only some hit a vaulted status of ‘must have’. What propels a single item into being a sensation? E Early one rainy morning in June, hundreds of people lined up outside Uniqlo stores in Tokyo, clutching umbrellas and waiting for their chance to spend 990 […]

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Geneva: Why the world’s highest minimum wage was needed

By Imogen Foulkes BBC News, Geneva Geneva is a very wealthy place. Home to a huge private banking sector, the United Nations, and auction houses Sotheby’s and Christie’s, which regularly sell enormous gemstones for eye-watering prices. And this month it is introducing the highest minimum monthly salary in the world, in response to a referendum […]

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India to offer production-linked incentives to more sectors – official

By Reuters Staff NEW DELHI (Reuters) – India is working to offer production-linked incentives to more sectors to boost domestic manufacturing, a top government official said on Friday, bolstering efforts to attract new investments in its coronavirus-stricken economy. The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, […]

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Pompeo says U.S., India must focus on threat posed by

By Sanjeev Miglani NEW DELHI (Reuters) – The United States and India must work together to confront the threat posed by China to security and freedom, U.S. Secretary Mike Pompeo said on Tuesday as he prepared for talks with Indian leaders. Pompeo arrived in New Delhi on Monday along with Defense Secretary Mark Esper for […]

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Indian economy set for a near double-digit contraction this fiscal

By Indradip Ghosh BENGALURU (Reuters) – The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled by Reuters. With over 7.6 million coronavirus infections, India is the second worst hit […]