Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…
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Washington, Jan 29 (IANS) US Secretary of State Marco Rubio has told lawmakers that Venezuela under Nicolas Maduro had become a strategic base for China, Russia, and Iran in the Western Hemisphere, warning that Beijing had been receiving Venezuelan oil at deep discounts while expanding its influence close to the United States.“We had in our hemisphere a regime operated by an indicted narcotrafficker that became a base of operation for virtually every competitor, adversary, and enemy in the wor…
New Delhi, Jan 23 (IANS) Growth picked up pace for both manufacturing and services in India in January as the HSBC Flash PMI figures on Friday showed quicker increases in new orders and output, alongside the reinstatement of job creation and a rebound in business confidence in the country.Rising from 57.8 in December to 59.5 in January, the HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufactu…
United Nations, Jan 22 (IANS) Delaying Security Council reforms would cause “more human suffering and misery”, the G4 nations have warned while presenting a model for early action to restructure the UN’s highest decision-making body.With “countless innocent lives” lost every day to ongoing conflicts, “we must collectively make every moment count”, India’s Permanent Representative P. Harish said on behalf of the G4 at the Inter-Governmental Negotiations (IGN) for Security Council …
Washington, Jan 19 (IANS) India is increasingly hedging rather than aligning firmly with the United States as China deepens its global trade footprint and confidence in US leadership weakens, CNN host Fareed Zakaria said, pointing to data and opinion polls that show a broader global recalibration.Speaking on Fareed Zakaria GPS, Zakaria said the shift was not about countries embracing Beijing’s political model but about reducing exposure to Washington’s unpredictability. India, he said, is am…
Washington, Jan 19 (IANS) Brazilian President Luiz Inacio Lula da Silva criticised recent US military action in Venezuelan territory, warning that unilateral use of force erodes international law and threatens global stability.In an opinion essay in The New York Times, Lula said the US bombings in Venezuela and the capture of its president on January 3 marked “yet another regrettable chapter in the continuous erosion of international law and the multilateral order established after World War I…
New Delhi, Jan 13 (IANS) India’s automobile industry delivered a strong performance in the third quarter of FY2025–26, with all major vehicle segments reporting their highest-ever Q3 sales, driven by festive demand, policy support and improved affordability.The passenger vehicle segment recorded its best-ever Q3 sales at 12.76 lakh units in Q3, marking a sharp growth of 20.6 per cent compared with the same period last year.The segment also achieved its highest-ever calendar year sales of 44….
New Delhi, Jan 11 (IANS) While China has accumulated a massive trade surplus of $1 trillion which is often seen as a reflection of the Asian giant as a manufacturing powerhouse, the truth is that it is also an indicator of weak domestic demand, a weakening Chinese currency, and a slowing economy, according to an article.The International Monetary Fund has warned China against economic imbalances. A country of 1.4 billion people is too big to rely only on exports to ensure a high growth rate, IMF…
Washington, Jan 10, (IANS) President Donald Trump said the US-led effort to revive Venezuela’s oil sector was aimed at preventing China and Russia from expanding their strategic footprint in the Western Hemisphere.Speaking at the White House along with executives of major American and international oil companies, Trump said Beijing or Moscow would have moved quickly to dominate Venezuela’s energy resources had Washington not intervened.“If we didn’t do this, China or Russia would have be…
Seoul, Jan 9 (IANS) South Korea’s cosmetics exports hit a record high last year, driven by the global popularity of Korean culture and the country’s efforts to diversify export markets, data showed on Friday.Outbound shipments of Korean beauty products rose 12.3 percent from a year earlier to a record US$11.43 billion in 2025, according to the data from the Ministry of Food and Drug Safety, reports Yonhap news agency.By country, exports to the United States rose 15.1 per cent on-year to $2.19 bi…