India's entertainment sector is soaring with a remarkable post pandemic rebound that is turning heads around the world. As the country's appetite for live events sports and concerts surges India's entertainment boom paints a promising picture of affluence and opportunity. Gravitas tells you more!

India's aspirations fuel new boom in leisure & lifestyle

The deepening property crisis in china, which is threatening its growth target of 5 percent this year. The unappealing economics of the plan for local governments, highlights the difficulty president Xi Jinping confronts in his attempt to reverse the record-low housing prices that are undermining china's growth ambitions.

Record property slump threatens china's growth target

China's top legislative body is now considering a proposed resolution to raise the mandatory retirement age over time. This move is an effort to combat the rapid decline in country's working-age population.

China lawmakers review proposal for lifting retirement age

We now shift our focus on a surprising development in the US Economy. Inflation...which many hoped was on the decline, has picked up pace unexpectedly this August. This could have implications for federal reserve policy and your wallet. Watch in for more details!

US: Housing costs push inflation higher for US consumers

Chinese officials are under increasing pressure to halt the recent decline in stock prices, which is deepening a crisis of confidence in the world’s second-largest economy. Can China turn things around before it's too late?

China's $6.5 trillion stock rout worsens economic peril for Xi

As the seismic market events of the previous several years begin to fade, the world's leading commodities analysts are facing a more challenging climate when it comes to trading oil. While industry titans are profitable, these are no longer the blockbuster figures banked since 2020. Profits at top oil companies - like Glencore and Gunvor group - are down, and even hedge fund leader Pierre Andurand is feeling the effects of the downturn.

World's top oil traders see boom years fade

In 2023, US real median household income rose by 4%, according to the US census bureau. This marks a notable improvement as the economy continued its recovery to pre-pandemic levels. However, despite rising incomes, the poverty rate in the US also saw an increase.

2023 US Economic Overview: Income gains, inflation eases, poverty grows

Signs of a downward spiral of deflation in China's economy is emerging. This casts doubt on the future of the world's second-largest economy and prompts demands for swift intervention. While wages are falling, data released on Monday showed that consumer price increase was almost nonexistent through much of the economy, with the exception of food prices. Bloomberg economics and experts at BNP Paribas predict that the gross domestic product deflator, a more comprehensive indicator of economic prices, would likely continue its current five-quarter decline until 2025. That would be the longest period of deflation in china since data tracking started in 1993. It's a cycle the world has seen before in japan, starting in the 1990s during a period that came to be known as its "Lost decades."

China's deflation to sprial further

Stocks in Asia were volatile as investors ignored wall street's recovery in anticipation of this week's crucial US Inflation report. Tokyo and Sydney stocks rose slightly, while futures from Hong Kong pointed to gains. Stocks in Seoul fell. The actions follow a rebound on wall street in September, which provided some relief from the selloff caused by fears of a worldwide economic downturn. The s&p 500 rose 1.2 percent after its worst start to the month on record, according to bespoke investment group data going back to 1953.

Global Markets: Asian stocks cautious ahead of US CPI

Is India's economic boom helping create enough jobs for its youth? A Bloomberg report suggests jam-packed job fairs with disillusioned graduates serve as a sobering reminder to investors who are putting their money on India to be the world's next great growth engine. Take a look at this report for more on this.

Has India's economic boom solved its job problem?

One bright spot in global trade in August was the appetite for chips. However, even that industry is facing headwinds. This comes on the back of the global economy looking more and more bleak.

Trade tariffs top global trade risks list | World Business Watch | WION

The latest U.S. jobs numbers are hot of the press, and if you were hoping for clarity on how large the Federal Reserve's September rate cut is likely to be, well, think again. Take a look at this next report to understand what investors will eye in the coming week.

Cues to watch in the week ahead | World Business Watch | WION

China's economic challenges have become a major concern for American businesses operating in the country. According to a recent survey by the U.S- China business council, 25% of U.S. Firms cited weak domestic demand and industrial overcapacity as key barriers to profitability.

U.S. companies report ‘insufficient demand’ in China | World Business Watch | WION

China's property market crisis is showing no signs of easing. China Vanke's sales slide in August raises concerns over the developer's capacity to repay loans. The developer announced on Friday that contracted sales fell 24 percent year-over-year to 17.24 billion yuan ($2.4 billion).

China Vanke's sales slump 24% in August, transactions shrink 10% | World Business Watch | WION

In global markets, all eyes are on the US Jobs report later on Friday. Investors will dissect the data to understand the federal reserve's rate path. The payroll data is crucial to determine what the fed does at its meeting on September 18th.

Global Markets: Wall Street's big bet on jumbo Fed cuts hangs on jobs report

Japan, known for its rigorous work culture, is attempting to address a pressing labour shortage by promoting a four-day workweek. However, since the government endorsed the idea in 2021, progress has been slow.

Why Japan’s 4-day workweek isn’t catching on? | World Business Watch | WION News

China's new rescue plan to support the property market after dolling out billions of dollars in stimulus. To help millions of households cut borrowing costs and increase spending, china is thinking about letting homeowners refinance up to 5.4 trillion dollars in mortgages.

China's new rescue plan for the Property Sector | World Business Watch | WION News

The confluence of commerce and culture in South Korea’s K-pop industry took center stage as Hybe, the country’s largest K-pop agency, saw its market value soar after the resignation of Min Hee-jin, CEO of its Sublabel Ador. Hybe’s shares surged nearly 5%, adding about $282 million to its market cap following the news.

Hybe gains $282 MN post CEO's exit | World Business Watch | WION News

The UK is bracing for another economic blow as the energy price cap is set to rise by 10 per cent in October. This comes as a double whammy for households already struggling with rising living costs. It follows the recent decision by the government to cut winter fuel payments for millions of pensioners.

UK Ministers and energy suppliers meet to address winter bill crisis | World Business Watch | WION

India is witnessing a significant rise in divorce rates which reflects a broader change in the nation's social and economic landscape. According to the National Family and Health Survey, divorce rates have surged by 35% over the past five years, signaling a shift in societal norms and economic factors.

Economic shifts drive India's divorces | World Business Watch | WION News

UBS has joined a growing chorus of analysts downgrading their forecasts for China's economic growth. The bank has lowered its prediction for the country’s GDP growth in 2024, citing the ongoing real estate downturn and tight fiscal policy.

China's GDP growth forecast plummets amid real estate crisis | World Business Watch | WION News

<p>Economically-crippled Pakistan has now touched the mark of $254 billion (PKR&nbsp;71 trillion) in debt as of June 2024, Pakistan-based ARY News reported, on Friday (Aug 30).&nbsp;</p>

<p>The Pakistan federal government released details of the domestic and foreign debt of the country, and the data was presented to the National Assembly.&nbsp;</p>

<p>The country's total debt comprises 66 per cent domestic debt and 34 per cent foreign debt, according to the document presented in the National Assembly.&nbsp;</p>

<p>The total debt sums to Rs 47 trillion in domestic loans and over Rs 24 trillion in foreign loans.&nbsp;</p>

<p><a href="https://www.wionews.com/south-asia/pakistan-gets-24th-imf-loan-since-1947-this-time-its-7-billion-740483"><strong>Also read:&nbsp;Pakistan gets 24th IMF loan since 1947; this time it’s $7 billion</strong></a></p>

<p>Moreover, the Pakistan Ministry of Finance also presented a debt repayment schedule for the next several years.&nbsp;</p>

<p>As per the schedule, Pakistan will pay Rs 18,700 billion in 2024, Rs 8,700 billion in 2025, Rs 7,600 billion in 2026, and Rs 4,300 billion in 2027.&nbsp;</p>

<p><strong>Watch |&nbsp;Pakistan battles security crisis in Balochistan</strong></p>

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<p>Further, in future, the debt-ridden country will have to pay Rs 6,000 billion in 2028, &nbsp;Rs 8,400 billion in 2029, Rs 2,400 billion in 2030, and Rs 2,600 billion in 2031.&nbsp;</p>

<p>Pakistan also has to pay a significant portion of the debt and is scheduled for repayment in 2031.&nbsp;</p>

<p>The country has been dealing with significant economic challenges, due to which, it was seeking bailout programs from International Monetary Fund (IMF).&nbsp;</p>

<p>In July, Prime Minister&nbsp;Shehbaz Sharif-led Pakistan government revealed a three-year economic plan, aiming to increase the share of provinces in the federal budget. The plan also highlighted the country's debt burden with total debts expected to reach PKR 79,731 billion by the end of the current fiscal year.</p>

<p>Earlier, the federal government shared a three-year economic plan, which aims to increase the share of provinces in the budget from 39.4 per cent to 48.7 per cent by 2027.&nbsp;</p>

<p>The provinces will receive Rs 10,350 billion by 2026-27 under the National Finance Commission (NFC) Award, the report stated.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>


Economically-crippled Pakistan has now touched the mark of $254 billion (PKR 71 trillion) in debt as of June 2024, Pakistan-based ARY News reported, on Friday (Aug 30).

Economically-crippled Pakistan has now touched the mark of $254 billion (PKR 71 trillion) in debt as of June 2024, Pakistan-based ARY News reported, on Friday (Aug 30). The Pakistan federal government released details of the domestic and foreign debt of the country, and the data was presented to the National Assembly. The country's total debt comprises 66 per cent domestic debt and 34 per cent foreign debt, according to the document presented in the National Assembly. The total debt sums to Rs 47 trillion in domestic loans and over Rs 24 trillion in foreign loans. Also read: Pakistan gets 24th IMF loan since 1947; this time it’s $7 billion Moreover, the Pakistan Ministry of Finance also presented a debt repayment schedule for the next several years. As per the schedule, Pakistan will pay Rs 18,700 billion in 2024, Rs 8,700 billion in 2025, Rs 7,600 billion in 2026, and Rs 4,300 billion in 2027. Watch | Pakistan battles security crisis in Balochistan × Further, in future, the debt-ridden country will have to pay Rs 6,000 billion in 2028, Rs 8,400 billion in 2029, Rs 2,400 billion in 2030, and Rs 2,600 billion in 2031. Pakistan also has to pay a significant portion of the debt and is scheduled for repayment in 2031. The country has been dealing with significant economic challenges, due to which, it was seeking bailout programs from International Monetary Fund (IMF). In July, Prime Minister Shehbaz Sharif-led Pakistan government revealed a three-year economic plan, aiming to increase the share of provinces in the federal budget. The plan also highlighted the country's debt burden with total debts expected to reach PKR 79,731 billion by the end of the current fiscal year. Earlier, the federal government shared a three-year economic plan, which aims to increase the share of provinces in the budget from 39.4 per cent to 48.7 per cent by 2027. The provinces will receive Rs 10,350 billion by 2026-27 under the National Finance Commission (NFC) Award, the report stated. (With inputs from agencies)

Pakistan debt crosses $254 billion as of June 2024

Protests in China have surged as economic challenges intensify, and the government remains cautious about taking aggressive measures to stimulate growth.

Protests surge in China amid economic woes

The South Korean government plans to increase spending next year to prop up an economy that is predicted to decline. Among the measures they have pledged is more funding for semiconductors and other expanding industries like K-Pop culture. The finance ministry announced that the government intends to spend 677.4 trillion won (512 billion dollars) in 2025. This marks a 3.2 percent rise over the current year's budget. Compared to this year, when the budget increased by 2.8 percent, that rate of growth would be more rapid.

Korean officials eye K-Pop to prop economy

Maldives is spiraling into a financial crisis that threatens not only its regional standing but the livelihoods of its citizens. Reports indicate that the country's usable dollar reserves have completely run dry. Watch in for more details!

Maldives' Economy on the brink: Citizens struggle as Maldives Reserves dry up | Gravitas

India’s economic survey proposed a significant shift in monetary policy: excluding food prices from the inflation measure. According to the Reserve Bank of India’s August bulletin, this move could address persistent issues with high food inflation. But will this simplification overlook the economic strain facing Indian households?

India's inflation debate: To include or exclude food?

Germany, once a beacon of economic stability in Europe, is now facing a growing crisis. The IFO business climate index, a key indicator of economic sentiment, has plummeted to its lowest level in months. This signals a significant downturn in the German economy.

Germany faces recession risk as economic indicators worsen

Target has its eye on consumer health and the prognosis is looking brighter than expected. The Minneapolis based retailer just reported its first rise in quarterly comparable sales in over a year, it was driven by strategic price cuts that have lowed Shoppers back. Watch in for more details!

Decoding consumer health through Target's earnings

You might be surprised to find out that fast food outlets are offering more than just quick meals—they’re also serving up valuable economic insights. Dive into this report to discover how wages and food prices intersect.

Flipping Burgers: Who benefitted the most?

China's investment in manufacturing, infrastructure and real estate have paid off in the past and accelerated growth to unprecedented levels. But as economic growth stalls and the realty sector's returns diminish china is forced to explore new ways to stimulate the economy. Take a look at this next report to find out more

China eyes consumption to revive economy

Thailand's economy has shown unexpected resilience, growing by 2.3% in the second quarter, surpassing analysts’ forecasts of 2.1%. This economic strength, combined with the recent election of Paetongtarn Shinawatra as the country's youngest prime minister, has brought a sense of stability to markets that were previously shaken by political turmoil.

Thailand's economy surges amid political stability

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