Indonesia’s rising economy is the latest of Asia’s success stories. Still, the country’s Finance Minister Sri Mulyani Indrawati has cautioned that its yearly 5 per cent Gross Domestic Product (GDP) growth, higher than the global average of 2 per cent, is “not enough for the nation to achieve meaningful progress” needed to become a high-income nation as detailed in a report by CNBC.

Indonesia pushes for major policy reforms to combat the ‘middle-income trap’

The latest commentary from the Federal Reserve has emerged as a moment that does belong to global monetary policy, of course, but also especially to the Bank of England and the European Central Bank.

Central banks can't give in to inaction as Fed takes lead on rate cuts

The US Department of Justice or DOJ has made what it calls a major leap against Visa by filing a civil antitrust lawsuit. According to it, Visa maintains an illegal monopoly over debit transactions through exclusionary contracts with its partners, which has tended to stifle competition and affect the prices of goods and services across the nation as detailed in a report by CNBC.

US Justice Department charges Visa with illegitimate monopoly in debit transactions

Prominent Bengaluru-based quick-commerce company Swiggy has received approval from the Indian markets regulator for its proposed $1.25 billion public issue according to reports.

Swiggy secures SEBI approval for $1.25 Billion IPO, paving the way for major expansion

It is within this fiscally tight macroeconomic context that governments have to navigate multiple competing priorities against an increasingly complicated backdrop.

Navigating the global fiscal trilemma: Spend more, tax less, manage debt

The Indian economy is projected to grow faster at 7.1 per cent this fiscal (FY25), Moody’s Analytics stated in a recent report. Further, it is to be noted that, India continues to remain resilient amid global uncertainties.

Indian economy to grow at 7.1% in FY25: Moody’s Analytics

The recent decision by the Federal Reserve to cut interest rates by 50 basis points has generated a wave of optimism regarding the US economy's trajectory. Goldman Sachs’ Chief Financial Officer, Denis Coleman, believes this significant reduction positions the economy well for a soft landing, despite uncertainties among market analysts about its potential effects on inflation and recession risks as detailed by CNBC in a report.

Fed's jumbo rate cut sparks optimism for US economic soft landing, says Goldman CFO

Former Alameda Research chief executive Caroline Ellison was sentenced to two years in prison by a Manhattan court for crimes related to the high-profile case against FTX founder Sam Bankman-Fried.

Crypto landmark case: Caroline Ellison sentenced to 2 years for fraud

In a further effort at sustainability, Coal India has announced a joint venture to add to the renewable energy resources of Rajasthan. This joint venture would be an extension of India's agenda for shifting towards cleaner sources of energy, which would go a long way in propelling the country towards efforts at curbing carbon emissions and ecological responsibility.

Coal India sets up joint venture to promote renewable energy in Rajasthan

The union representing thousands of striking Boeing workers has criticized what the aircraft manufacturing giant said was its "best and final" pay offer that proposed a 30 per cent rise over four years according to a detailed report by BBC.

Boeing union hits out over 'final' 30% pay rise offer

There is optimism sweeping across Asian markets following a statement by the People's Bank of China, (PBOC). The macro-communication issued at a rare briefing was comprehensive - a package of policy-easing measures aimed at soothing an ailing economy as detailed in a report by CNBC.

People’s Bank of China eases the reserve requirement ratio by 50 basis points, stocks rally

Former President Donald Trump on Monday threatened John Deere with a 200 per cent tariff if the agricultural manufacturer moved production to factories in Mexico according to a report by CNBC.

Donald Trump warns: ‘200% tariff’ if John Deere shifts production to Mexico

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