India is set to announce its budget in 2025. Experts are keenly expecting major tax policy changes when the finance minister presents the budget on february 1st. This report looks at the potential impact on incomes and spending from a global consumer perspective.

India Budget 2025: Focus On Tax, Spending, And Savings

Bollywood actor Saif Ali Khan filed an insurance claim for Rs 35.95 lakh after sustaining injuries in a violent attack at his Bandra West residence, said a report by Business Today. The insurance document was leaked on the microblogging platform X and shared widely by some users.&nbsp;
According to the leaked document, the claim related to medical treatment has been partially approved by the insurance company Niva Bupa. Rs 25 lakh has already been sanctioned as a pre-authorisation amount for the actor&rsquo;s treatment.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m6264yhf-xjiuz0gw-ay96lv95">
Health insurance approval of Saif Ali khan Immediate response from them coz of Celebrity while common man struggles for it... <a href="https://twitter.com/hashtag/SaifAliKhan?src=hash&amp;ref_src=twsrc%5Etfw">#SaifAliKhan</a> <a href="https://twitter.com/hashtag/SaifAliKhanAttacked?src=hash&amp;ref_src=twsrc%5Etfw">#SaifAliKhanAttacked</a> <a href="https://twitter.com/hashtag/SAIFALIKHANATTACK?src=hash&amp;ref_src=twsrc%5Etfw">#SAIFALIKHANATTACK</a> <a href="https://t.co/6sxFs5lXZl">pic.twitter.com/6sxFs5lXZl</a>
&mdash; Murari Garg (@murarigarg) <a href="https://twitter.com/murarigarg/status/1880489761342910630?ref_src=twsrc%5Etfw">January 18, 2025</a></blockquote>
The 54-year-old actor is currently receiving intensive care at Lilavati Hospital in Mumbai. Khan was injured during an alleged robbery attempt at his upscale residence on the night of January 15-16, 2025. Khan&rsquo;s medical treatment includes care for an unspecified injury, and he is expected to be discharged by January 21.
Also read: <a href="https://www.wionews.com/entertainment/saif-ali-khan-stabbing-case-live-updates-mumbai-police-detain-suspect-from-mp-8633068">Saif Ali Khan stabbing case LIVE updates: Suspect detained at Durg railway station in Chhattisgarh</a>
The insurance company, Niva Bupa, confirmed the approval of the initial amount and stated that further settlement will be made based on the final bills.&nbsp;
&ldquo;We are deeply concerned about the unfortunate incident involving Mr. Khan and wish him a speedy recovery. As one of our policyholders, his hospitalisation triggered a cashless pre-authorisation request, which we approved to initiate treatment,&rdquo; the insurer said in a statement&nbsp;
The attack on Saif Ali Khan occurred at approximately 2:30 am. The assailant entered the building wearing a face mask and carrying a bag. The actor sustained six stab wounds during the attack.
A recent video of the suspect has also been released by the authorities.&nbsp;
Maharashtra Minister of State for Home, Yogesh Kadam, clarified that the attack was not conducted by any underworld gang. He added, &ldquo;The detained suspect is not affiliated with any gang. This attack was not carried out by any known criminal network.&rdquo;
Also read: <a href="https://www.wionews.com/entertainment/saif-ali-khan-stabbing-attack-mumbai-police-detains-a-suspect-from-madhya-pradesh-8632713">Saif Ali Khan stabbing attack: Mumbai Police detain a suspect from Madhya Pradesh</a>
As the details about the incident are still emerging, the leaked insurance claim document has sparked discussion among many social media users. Some are also speculating that the claim was processed swiftly due to Khan&rsquo;s celebrity status.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m626570c-f9psy7l6-friaw5wv">
सैफ अली खान का इलाज बीमा के पैसों से हो रहा है । सैफ को पता था की जिंदगी मे बीमा की जरूरत पड़ सकती है । <a href="https://twitter.com/hashtag/SaifAliKhanAttacked?src=hash&amp;ref_src=twsrc%5Etfw">#SaifAliKhanAttacked</a> <a href="https://twitter.com/hashtag/SaifAliKhan?src=hash&amp;ref_src=twsrc%5Etfw">#SaifAliKhan</a> <a href="https://twitter.com/hashtag/SaifAliKhanNews?src=hash&amp;ref_src=twsrc%5Etfw">#SaifAliKhanNews</a> <a href="https://twitter.com/hashtag/SAIFALIKHANATTACK?src=hash&amp;ref_src=twsrc%5Etfw">#SAIFALIKHANATTACK</a> <a href="https://t.co/hxD6jE3sEP">pic.twitter.com/hxD6jE3sEP</a>
&mdash; Satyam Pandey पंडितजी (@Satyampandey499) <a href="https://twitter.com/Satyampandey499/status/1880133662055989556?ref_src=twsrc%5Etfw">January 17, 2025</a></blockquote>

Entertainment Bollywood actor Saif Ali Khan filed an insurance claim for Rs 35.95 lakh after sustaining injuries in a violent attack at his Bandra West residence.

Bollywood actor Saif Ali Khan filed an insurance claim for Rs 35.95 lakh after sustaining injuries in a violent attack at his Bandra West residence, said a report by Business Today. The insurance document was leaked on the microblogging platform X and shared widely by some users. According to the leaked document, the claim related to medical treatment has been partially approved by the insurance company Niva Bupa. Rs 25 lakh has already been sanctioned as a pre-authorisation amount for the actor’s treatment. Health insurance approval of Saif Ali khan Immediate response from them coz of Celebrity while common man struggles for it... #SaifAliKhan #SaifAliKhanAttacked #SAIFALIKHANATTACK pic.twitter.com/6sxFs5lXZl — Murari Garg (@murarigarg) January 18, 2025 The 54-year-old actor is currently receiving intensive care at Lilavati Hospital in Mumbai. Khan was injured during an alleged robbery attempt at his upscale residence on the night of January 15-16, 2025. Khan’s medical treatment includes care for an unspecified injury, and he is expected to be discharged by January 21. Also read: Saif Ali Khan stabbing case LIVE updates: Suspect detained at Durg railway station in Chhattisgarh The insurance company, Niva Bupa, confirmed the approval of the initial amount and stated that further settlement will be made based on the final bills. “We are deeply concerned about the unfortunate incident involving Mr. Khan and wish him a speedy recovery. As one of our policyholders, his hospitalisation triggered a cashless pre-authorisation request, which we approved to initiate treatment,” the insurer said in a statement The attack on Saif Ali Khan occurred at approximately 2:30 am. The assailant entered the building wearing a face mask and carrying a bag. The actor sustained six stab wounds during the attack. A recent video of the suspect has also been released by the authorities. Maharashtra Minister of State for Home, Yogesh Kadam, clarified that the attack was not conducted by any underworld gang. He added, “The detained suspect is not affiliated with any gang. This attack was not carried out by any known criminal network.” Also read: Saif Ali Khan stabbing attack: Mumbai Police detain a suspect from Madhya Pradesh As the details about the incident are still emerging, the leaked insurance claim document has sparked discussion among many social media users. Some are also speculating that the claim was processed swiftly due to Khan’s celebrity status. सैफ अली खान का इलाज बीमा के पैसों से हो रहा है । सैफ को पता था की जिंदगी मे बीमा की जरूरत पड़ सकती है । #SaifAliKhanAttacked #SaifAliKhan #SaifAliKhanNews #SAIFALIKHANATTACK pic.twitter.com/hxD6jE3sEP — Satyam Pandey पंडितजी (@Satyampandey499) January 17, 2025

Saif Ali Khan claims Rs 36 lakh from health insurance firm, gets approval for Rs 25 lakh

Former Ghanaian president nana Akufo-Addo left a gift for the continent. He says, all African passport holders are now able to visit Ghana without needing a visa, with the policy coming into effect this year.

Ghana Opens Up Visa-Free Travel To All Africans

Shipments of foreign-branded smartphones to China, including Apple&rsquo;s iPhone, declined sharply by 47.4 per cent in November compared to the same month last year. The data was released by the China Academy of Information and Communications Technology (CAICT) on Friday.
This also marks the fourth consecutive month of declining sales.
Based on CAICT data, shipments of foreign smartphone brands dropped to 3.04 million units in November, down from 5.77 million units a year earlier. The downturn follows a 44.25 per cent year-on-year decline reported in October.
Also read: <a href="https://www.wionews.com/business-economy/wall-street-weekly-nasdaq-powers-us-market-rebound-as-tech-stocks-gain-on-the-last-trading-day-8590728">Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day</a>
Apple is facing challenges from an economic slowdown and increasing competition from domestic rivals such as Huawei. Economic uncertainty and deflationary pressures have also impacted consumer spending, with Chinese consumer prices in November hitting their lowest level in five months.
In response to the decline in sales, Apple initiated a four-day promotional campaign in China, offering discounts of up to 500 yuan ($68.50) on its flagship models. Despite these efforts, Apple has been losing market share.
<h2>Huawei's Comeback</h2>
Huawei&rsquo;s resurgence began in August 2023 with the release of new models featuring domestically produced chipsets. During the third quarter of 2024, Huawei&rsquo;s sales in China surged by 42 per cent year-on-year, while Apple&rsquo;s sales dipped by 0.3 per cent, according to data from research firm IDC.
Also read: <a href="https://www.wionews.com/business-economy/elon-musks-tesla-experiences-first-ever-annual-sales-decline-8589834">Elon Musk&rsquo;s Tesla experiences first-ever annual sales decline</a>
Apple briefly fell out of the top five smartphone vendors in China during the second quarter of 2024 but regained its position in the following quarter.
However, smartphone shipments within China, including domestic brands, fell by 5.1 per cent in November to 29.61 million units, signalling broader challenges in the Chinese smartphone market.
(With inputs from agencies)

Business & Economy: Foreign smartphone sales in China saw a significant decline in November, posing a substantial challenge to Apple's dominance in the competitive market.

Shipments of foreign-branded smartphones to China, including Apple’s iPhone, declined sharply by 47.4 per cent in November compared to the same month last year. The data was released by the China Academy of Information and Communications Technology (CAICT) on Friday. This also marks the fourth consecutive month of declining sales. Based on CAICT data, shipments of foreign smartphone brands dropped to 3.04 million units in November, down from 5.77 million units a year earlier. The downturn follows a 44.25 per cent year-on-year decline reported in October. Also read: Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day Apple is facing challenges from an economic slowdown and increasing competition from domestic rivals such as Huawei. Economic uncertainty and deflationary pressures have also impacted consumer spending, with Chinese consumer prices in November hitting their lowest level in five months. In response to the decline in sales, Apple initiated a four-day promotional campaign in China, offering discounts of up to 500 yuan ($68.50) on its flagship models. Despite these efforts, Apple has been losing market share. Huawei's Comeback Huawei’s resurgence began in August 2023 with the release of new models featuring domestically produced chipsets. During the third quarter of 2024, Huawei’s sales in China surged by 42 per cent year-on-year, while Apple’s sales dipped by 0.3 per cent, according to data from research firm IDC. Also read: Elon Musk’s Tesla experiences first-ever annual sales decline Apple briefly fell out of the top five smartphone vendors in China during the second quarter of 2024 but regained its position in the following quarter. However, smartphone shipments within China, including domestic brands, fell by 5.1 per cent in November to 29.61 million units, signalling broader challenges in the Chinese smartphone market. (With inputs from agencies)

Foreign smartphone sales in China drop 47% in November, challenging Apple’s dominance

Byju’s, once valued at $22 billion, is now teetering on the brink of collapse as the edtech giant struggles with mounting financial challenges. As 2024 draws to a close, the company's future remains uncertain, raising concerns about its survival.

Byju's faces crisis, from $22b valuation to near collapse as 2024 ends

Women are reshaping industries worldwide, driving financial growth and breaking barriers in business. From the U.S. to India, Afghanistan, and Indonesia, their resilience and leadership are creating new opportunities for change. Watch in for more details!

Women Driving Growth In Global Economies

India’s contribution to global trade has grown significantly over the last two decades.

Global Disruptions Slow India’s Exports | World Business Watc

Now, let's take a closer look at all the market movements this past week... U.S. Stocks rebounded on the last trading day of the week... Wall street was buoyed by cooler-than-expected inflation data.

Wall Street Recovers Strongly on Friday

Now, let's take a closer look at all the market movements this past week...



U.S. Stocks rebounded on the last trading day of the week...



Wall street was buoyed by cooler-than-expected inflation data.

Sri Lanka's economic outlook has improved significantly...With fitch ratings upgrading the country's credit rating from "Restricted default" to 'ccc+'. This marks a turning point for the Island nation, signaling a reduction in default risks and renewed confidence in its economic recovery.

Sri Lanka's Economic Recovery Gains Momentum

Sri Lanka's economic outlook has improved significantly...With fitch ratings upgrading the country's credit rating from "Restricted default" to 'ccc+'.



This marks a turning point for the Island nation, signaling a reduction in default risks and renewed confidence in its economic recovery.

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US.

The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred. 
 
As part of an investigation into a deal that Beijing authorised many years ago, Nvidia is now the focus of China's authorities. Washington strengthened chip sanctions on China this week. 
 
In response, Beijing stopped exports of certain minerals with tech uses to the US. This latest measure against Nvidia follows previous recent escalations. 
 
A key component of Ukraine's defence, drones are also being shut off from the US and Europe by China.

Last week, a federal appeals court in the United States upheld a statute that would have banned TikTok unless the company divested itself from its Chinese parent, Bytedance. 
 
That shows how supply chains are still linked. This makes Nvidia an intriguing new target for Beijing.

According to reports, Bytedance is apparently putting all of its eggs in the AI basket to find a growth engine to replace TikTok. This comes as Bytedance becomes Nvidia's biggest customer in China. 
 
To be relevant, Bytedance has expanded its focus beyond its short-form video platform. Now that the us drama has continued for years, the Chinese firm is in a hopeless situation.

Tech businesses with global ambitions will likely have to choose sides and stay in their lane now that the pandora's box is opened. The latest conflict sends a scary message to not become too big in the US. 
 
This comes at a time when other Chinese tech companies are seeking expansion overseas due to domestic spending cuts.

(With inputs from the agencies)

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US. The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred.

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US. The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred. As part of an investigation into a deal that Beijing authorised many years ago, Nvidia is now the focus of China's authorities. Washington strengthened chip sanctions on China this week. In response, Beijing stopped exports of certain minerals with tech uses to the US. This latest measure against Nvidia follows previous recent escalations. A key component of Ukraine's defence, drones are also being shut off from the US and Europe by China. Last week, a federal appeals court in the United States upheld a statute that would have banned TikTok unless the company divested itself from its Chinese parent, Bytedance. That shows how supply chains are still linked. This makes Nvidia an intriguing new target for Beijing. According to reports, Bytedance is apparently putting all of its eggs in the AI basket to find a growth engine to replace TikTok. This comes as Bytedance becomes Nvidia's biggest customer in China. To be relevant, Bytedance has expanded its focus beyond its short-form video platform. Now that the us drama has continued for years, the Chinese firm is in a hopeless situation. Tech businesses with global ambitions will likely have to choose sides and stay in their lane now that the pandora's box is opened. The latest conflict sends a scary message to not become too big in the US. This comes at a time when other Chinese tech companies are seeking expansion overseas due to domestic spending cuts. (With inputs from the agencies)

From TikTok to Nvidia, the US-China tech war is getting uglier

Asian stock markets saw modest gains as investors closely monitor the Federal Reserve's upcoming decisions, with expectations around interest rates influencing market sentiment.



Asian Stocks Edge Higher as Investors Focus on Fed's Next Move

Investment bankers in china are striving to maintain relevance after a challenging year for dealmaking. They have seen significant pay cuts and heightened regulatory scrutiny that has dampened the once thriving industry.

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Investment bankers in china are striving to maintain relevance after a challenging year for dealmaking. They have seen significant pay cuts and heightened regulatory scrutiny that has dampened the once thriving industry.



Latin America and the Caribbean, despite representing just 8% of the world’s population, account for nearly one-third of global homicides. Today, we explore the toll crime takes on Latin America and the strategies that could break this vicious cycle. Take a look…

Crime Costs Latin America 3.4% of GDP Annually: Report

Latin America and the Caribbean, despite representing just 8% of the world’s population, account for nearly one-third of global homicides. Today, we explore the toll crime takes on Latin America and the strategies that could break this vicious cycle. Take a look…



Asian stock markets saw modest gains as investors closely monitor the Federal Reserve's upcoming decisions, with expectations around interest rates influencing market sentiment.

Businesses are being urged to take immediate action to address growing climate risks. According to the World Economic Forum, climate hazards such as extreme heat could cause billions in losses. Our next report explores the financial risks and opportunities businesses face as they navigate the evolving climate landscape. Take a look…

Energy, Climate, Telecom Sectors Most Vulnerable To Climate Risks: WEF

The cost of your favorite chocolate could soon leave a bitter taste…this comes as cocoa prices hit a new record high. Cocoa futures have reached an all-time high of over 11,900 dollars per tonne, with prices almost tripling since the start of 2024.

Cocoa Futures Soar To  $11,925 Per Ton Amid Supply Woes

The cost of your favorite chocolate could soon leave a bitter taste…this comes as cocoa prices hit a new record high. Cocoa futures have reached an all-time high of over 11,900 dollars per tonne, with prices almost tripling since the start of 2024.



Britain’s workforce is facing a long-term decline, driven by rising ill health and an ageing population. Even with potential improvements in healthcare, experts warn that reversing this trend may be difficult. Here’s more on how illness is impacting the UK economy and its job market. Take a look…

Britain’s Workforce Faces Record Decline Due to Rising Ill Health

Britain’s workforce is facing a long-term decline, driven by rising ill health and an ageing population. Even with potential improvements in healthcare, experts warn that reversing this trend may be difficult. Here’s more on how illness is impacting the UK economy and its job market. Take a look…



Ghana's newly elected President, John Mahama, said a funding arrangement with the international monetary fund will constrain his administration's capacity to implement quick substantial reforms. This follows a recent electoral victory that granted him a significant mandate to address the country's severe debt crisis and high inflation.

Ghana's President-elect Says IMF Deal to Cap Radical Reforms

Ghana's newly elected President, John Mahama, said a funding arrangement with the international monetary fund will constrain his administration's capacity to implement quick substantial reforms. This follows a recent electoral victory that granted him a significant mandate to address the country's severe debt crisis and high inflation.



Britain’s Economy Shrank By 0.1% In October, Marking A Second Consecutive Monthly Decline. Weakness In Oil, Gas, Retail, And Hospitality Puts The UK on Recession Watch. Finance Minister Rachel Reeves Called The Figures "Disappointing" But Highlighted Long-term Growth Policies.

UK's Economy Shrinks Amid Budget Jitters

Britain’s Economy Shrank By 0.1% In October, Marking A Second Consecutive Monthly Decline. Weakness In Oil, Gas, Retail, And Hospitality Puts The UK on Recession Watch. Finance Minister Rachel Reeves Called The Figures "Disappointing" But Highlighted Long-term Growth Policies.



Boeing Has Cautiously Restarted 737 Max Production, Targeting 15-20 Jets In December. Delays And Supplier Uncertainty May Slow Recovery, With Pre-strike Production Levels Still A Challenge.

Boeing Grapples With Slow Post-Strike Recovery

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