Five undervalued qualities of the Indian economy
The timing is sound. India is celebrating its 78th Independence Day today. Everyone knows the story: it’s the world’s most populous nation, one of the fastest-growing economies, the third-largest by ...
How one South Korean garage fire could affect the EV market
The South Korean units of Mercedes-Benz and German rival BMW disclosed the names of the battery makers that supply their EV batteries for the first time this week. This is a rare but important move: ...
How Liberal Democrats should reap the fruits of Labour
With electoral fortunes of the two parties tied, Ed Davey must seize the opportunity and highlight former coalition’s achievements ...
Strong rebound in Japan’s GDP points to further BoJ hikes
Resilient consumption provides evidence the Japanese economy can deal with tighter monetary policy if financial markets can ...
America’s torrid affair with credit cards
This decline is remarkable because, for the past three years, credit card borrowing has been on a tear. From April 2021 to May 2024, revolving consumer debt jumped from $971bn to $1.35tn. That’s a 39 ...
Healthy UK growth rate will not change Bank of England’s plans
Healthy second-quarter UK GDP growth figures released today won’t move the dial for BoE rate setters. GDP grew at a quarterly pace of 0.6 per cent in the second quarter, following a 0.7 per cent rise ...
China rules on AI and Vietnam draws chip designers
Vietnam is becoming a new chip hub in Asia, not for manufacturing but for R&D, thanks to its affordable, quality talent pool. Companies from the US, Taiwan and South Korea are racing to build research ...
Insurer Admiral’s profits beat forecast as customer numbers jump
Pre-tax profits rose by a third on the same period last year, to £310mn, narrowly beating consensus analyst estimates of £304mn and sending shares up 10 per cent in early trading on Thursday.
Lower-ranked UK universities fight to fill places after drop in overseas applicants
The UK’s lower-ranked universities are battling to fill places after a decline in overseas applicants led to increased competition to secure domestic students, data from the university admissions ...
Ørsted scraps flagship European green fuels project
Ørsted, the offshore wind developer blighted by a botched expansion in the US, has scrapped plans for a plant in Sweden to ...
India’s Narendra Modi condemns ‘atrocities’ against women after doctor’s killing
Prime Minister Narendra Modi has condemned violence against women and vowed to mete out “tough punishment” to perpetrators of sexual crimes after the rape and killing of a junior medic shocked Indians ...
CPI clears the way for cuts
And yesterday’s CPI report, good as it was, could have been a teensy bit better. Unhedged likes looking at CPI in terms of the month-to-month change annualised, excluding food and energy. Measured ...