A financial storm is brewing in the united states as the nation's total public debt shatters records, reaching $34 trillion. With congress returning to address looming deadlines, the fiscal battleground is set. The once incremental climb in debt now raises urgent questions about the nation's financial future.U.S. Government debt skyrockets; clock ticks for congress

US government debt skyrockets; clock ticks for congress | World DNA

US Secretary of State Antony Blinken on Wednesday described India as an “extraordinary success story” and said that the policies and programs implemented by Prime Minister Narendra Modi have proven highly advantageous for the people of India.

US State Secretary Blinken Hails Modi's India at World Economic Forum

The outlook for 2024 is filled with twists and turns, according to insights shared by chief economists at the recent davos meeting. More than half of these top economic thinkers predict that the world's economic engine might sputter a bit this year, facing challenges from tight financial conditions, political disagreements, and the swift rise of generative artificial intelligence.

Chief economists flag growing wealth gap among nations

Foreign portfolio investors navigate a cautious start in 2024, injecting over $458 million into indian equities amid rising global tensions. Additionally, india’s debt market sees a significant surge, credited to jpmorgan's influence.

Foreign inflows defy global concerns in India

Deflation threats, the housing crisis, and a persistent lack of confidence could sabotage China’s efforts to gain ground this year. The economy most likely slowed down in the December quarter. Against a low base year comparison, retail sales and industrial output are similarly shown to have increased in December.

China's recovery to be 'slow & bumpy' | World Business Watch

Brexit did more harm than good to the British economy. That's what one can infer from london mayor Sadiq Khan's latest statement, which has pegged Britain's economic losses since brexit at $178 billion per year.

Brexit costs UK economy $178 bn

Rising inflation in Argentina is taking a toll on Asado - the traditional Argentinian barbecue, as people cut down on their spending to survive rising prices.

People cut down on traditional barbecue as prices soar

We move to a sobering assessment from the world bank as it warns that global economic growth is poised to slow for the third consecutive year. This raises concerns about prolonged poverty and escalating debt levels in many developing countries.

Global economic slowdown to continue | World Business Watch

In Germany, a wave of discontent is sweeping through the agricultural landscape. Farmers are taking to the streets, expressing their concerns over government budget cuts. The President of the munich-based ifo institute, clemens fuest, has raised alarm bells, stating that these cuts will impose a 'noticeable' burden on farmers.

German farmers protest against looming budget squeeze | World Business Watch

Nvidia plans to commence mass production of its highly anticipated h20 ai chip in the second quarter of 2024. This comes as it navigates uncertainties amid US Export rules.

Nvidia to launch China-focused AI chip | World Business Watch

2024 promises a resurgence in hiring with anticipated expansion across sectors. This report looks at this job resurgence and industries that stood resilient in 2023 amid challenges

Job market to surge by 8.3% in 2024 | World Business News

It's an unprecedented election year, unfolding against the backdrop of heightened geopolitical tensions and economic uncertainties. But for investors, the question isn't just who wins, but what they promise. All eyes are on fiscal discipline as the world navigates uncertainties.

Emerging markets election showdown of 2024 | World Business Watch

Saudi Arabia has decided to lower the major Crude prices for consumers in all regions, including its primary market in asia, for the month of February. This is due to the ongoing market downturn. Meanwhile, robust global supply, driven by the US, is increasing the possibility of a glut. This will compel the OPEC+ group, led by Saudi Arabia and Russia, to continue cutting output into this year.

OPEC+ group to extend output cuts into this year | World Business Watch

India’s Tamil Nadu has secured investments exceeding $4.39 billion. Global corporations, including Apple suppliers Tata Electronics and Pegatron, are spearheading this transformative wave.

India: Tamil nadu signs major investment deals with Apple, Hyundai, & others | India News | WION

The euro zone may have entered recession in the final months of 2023. That's what the latest economic data from the region indicates. The euro zone economy remained weak in december. The composite index, a gauge of economic health, stood at 47.6. Any number below 50 indicates economic contraction.The services sector index stood at a five-month high of 48.8. But it still remained in the contraction zone.

Euro zone economy weakens in December, set to enter recession

Soon, there will be a new capital city on the world map. Egypt is building a new high-tech capital city away from Cairo, to boost its economy through big-ticket infrastructure projects. But the path leading to the new capital city is being built on huge debts.

Egypt to spend billions to double size of new capital city

China's latest worry is smaller banks and the risks they face from the growing debt crisis. Reuters sources suggest that some top banks have increased scrutiny of the asset quality of smaller banks. They have also and tightened interbank lending standards for smaller banks.

China: Smaller banks come under scrutiny of some top banks, says report | World Business Watch

Wall street faces a semiconductor shakeup as chip stocks experience a sharp 7% decline from record highs. The semiconductor sector, known for its volatility, experienced a remarkable 2023. A 65% surge in the phlx index marked its strongest performance since 2009. However, the year-end stumble, with a decline of almost 7% since december 27, raises questions about the sustainability of the sector's growth.

Semiconductor index faces 7% decline since December peak | World Business Watch

China experienced an extraordinary surge in travel during the three-day new year holiday, with domestic tourist trips soaring by 155% compared to last year. The tourism revenue hit an impressive 79.73 billion Yuan, reflecting a nation on the move.

128 million passenger trips across China | World Business Watch

The United States is now the largest exporter of liquefied natural gas. Record exports in December has helped the US. To overtake market leaders Qatar & Australia. A record 8.6 million metric tons of lng left US terminals in December.

Record exports in December help US overtake Qatar | World Business Watch

For the first time in 20 years, South Korea's exports to the US surpassed its shipments to China last month. This indicates a change in the country's relationship on concerns over supply chains for technology and economic security.

US-Korea trade leaps amid China's geopolitical tensions | World Business Watch

Chinese EV maker BYD is challenging tesla at the EV game. BYD posted record sales in the December quarter and sold about 3 million vehicles in 2023, an increase of 61.9%.

Tesla battles with BYD for the most popular EV-maker title

In a resounding endorsement of India's economic prospects, global investors have propelled foreign portfolio inflows into Indian stocks to remarkable heights. December witnessed an influx of 6.92 billion dollars, marking the second-highest level ever and affirming India's allure amid global uncertainties. We talk to author Monika Halan for more perspective.

Indian markets scale new highs; Indian markets among top performers in 2023

European Central Bank's governing council member Robert Holzmann has argued that it's premature to discuss any cut in borrowing costs. His statement emphasises uncertainty regarding any rate cuts in 2024.

European Central Bank official warns against early rate cuts | World Business Watch

Jacques delors, former European Commission Chief and the founding father of the Euro, died in his sleep at his paris home on Wednesday. He was 98. Delors served as president of the european commission from January 1985 to december 1994.

Jacques delors, 98, dies in his sleep at his Paris home

In 2023, the global economic landscape has seen significant shifts, mirrored by the performance of various currencies. This next report puts the spotlight on the top and worst performing currencies and decodes what's in store for their economies going forward.

Explained: What currency movements say about economies | World Business Watch

In a big set back for crypto firms in the united states, the US Securities and exchange commission has denied a petition by Coinbase, which sought new rules for the digital asset sector. The crypto exchange is all set to challenge this decision in court.

Crypto hacks reach $2 billion in 2023 | Regulating Crypto: Need of the hour | World DNA

Apple is currently entangled in a dispute with medical technology company masimo, following a ban on imports of its watches. The ban, initiated by the u.S. International trade commission (itc), is a response to allegations from masimo, accusing apple of employee poaching and the misappropriation of pulse oximetry technology.

Apple appeals watch ban amid patent dispute with masimo | World Business Watch

Mergers and acquisitions fell to its lowest level in ten years this year. The reason: High interest rates which made it difficult to raise money, and the economic slowdown, which weighed on companies' dealmaking confidence. Total mergers and acquisitions volumes fell 18% to about 3 trillion dollars. That's the lowest since 2013, when deal volumes were at 2.8 trillion dollars.

Mergers & acquisitions fall to its lowest level in ten years | World Business Watch

Intel corporation has secured a $3.2 billion grant from the Israeli government for its ambitious $25 billion chip plant. This marks the largest investment ever made by a company in israel and comes at a crucial time amid geopolitical tensions.

$3.2 billion grant secured for Israel's new $25 billion chip plant | World DNA

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US government debt skyrockets; clock ticks for congress | World DNA

US State Secretary Blinken Hails Modi's India at World Economic Forum

Chief economists flag growing wealth gap among nations

Foreign inflows defy global concerns in India

China's recovery to be 'slow & bumpy' | World Business Watch

Brexit costs UK economy $178 bn

People cut down on traditional barbecue as prices soar

Global economic slowdown to continue | World Business Watch

German farmers protest against looming budget squeeze | World Business Watch

Nvidia to launch China-focused AI chip | World Business Watch

Job market to surge by 8.3% in 2024 | World Business News

Emerging markets election showdown of 2024 | World Business Watch

OPEC+ group to extend output cuts into this year | World Business Watch

Job market to surge by 8.3% in 2024 | World Business News

India: Tamil nadu signs major investment deals with Apple, Hyundai, & others | India News | WION

Euro zone economy weakens in December, set to enter recession

Egypt to spend billions to double size of new capital city

China: Smaller banks come under scrutiny of some top banks, says report | World Business Watch

Semiconductor index faces 7% decline since December peak | World Business Watch

128 million passenger trips across China | World Business Watch

Record exports in December help US overtake Qatar | World Business Watch

US-Korea trade leaps amid China's geopolitical tensions | World Business Watch

Tesla battles with BYD for the most popular EV-maker title

Indian markets scale new highs; Indian markets among top performers in 2023

European Central Bank official warns against early rate cuts | World Business Watch

Jacques delors, 98, dies in his sleep at his Paris home