Global market moves this week suggest the US Election is on a knife's edge. Risk-off sentiment has been building, and the so-called 'trump trade' has been unwinding. Bitcoin has crashed from near record highs, reflecting the mood of a close election fight.

Global Markets Roundup: Traders Prepare for a Long, Close & Volatile US Election Fight

For markets bolstered by dovish central banks, expanding economies and receding inflation, the news as November begins is how vulnerable they've become. Long-standing pillars of strength are showing cracks. Take a look at this report to understand the 'oohs and ahhs' of this week's electoral and fiscal fireworks...

US Election & Fed Dominate the Calendar

The yuan's use in international payments fell by the highest on record last month. This is based on transaction data gathered by international financial messaging provider swift.

Use of Yuan in Global Payments Drop Sharply

Asian stocks open in the red, echoing declines on wall street overning. The market moves were driven by a retreat from US Tech stocks on poor earnings reports and worries about West Asia.

Japan's Stocks Decline On Yen Gains & Selloff In US Tech Stocks

The notion that interest-rate decisions will be made meeting by meeting. Based on incoming data has been emphasised by federal reserve chair Jerome Powell for the past several months. However, critics say this approach is creating volatility and weighing on the economy instead.

Is the Fed Right in Waiting for Data for Forward Guidance ?

India's hypersonic missile program is poised to surpass global capabilities within five years. The Defence Research and Development Organisation (DRDO) is advancing technology under the "Vishnu" initiative, aiming to develop two long-range hypersonic missile systems. One of the most

India's Hypersonic Missile Program to Outpace Global Capabilities

Global public debt is set to surpass $100 trillion this year, signalling urgent calls for stronger fiscal measures from major economies, according to a recent report from the International Monetary Fund (IMF).

As governments continue to grapple with the economic fallout from the Covid-19 pandemic, the rising tide of debt is becoming increasingly concerning, with projections indicating that global debt could approach 100 per cent of world GDP by the end of the decade as elaborated in a recent report by the Financial Times.

The IMF's Fiscal Monitor report highlights that government borrowing has surged as countries adopt expansive spending strategies aimed at stimulating economic growth. The United States and China are identified as key drivers behind this increase, with their respective debts contributing significantly to the global total. The report notes that the ratio of public debt to GDP has risen sharply, now sitting approximately 10 percentage points higher than pre-pandemic levels.

Countries such as the UK, Brazil, France, Italy, and South Africa are among those expected to see continued increases in their debt levels. The IMF warns that without decisive action, future debt levels could exceed current projections, necessitating substantial fiscal adjustments to stabilise or reduce borrowing. The fund advocates for well-designed fiscal policies that not only support economic growth but also protect vulnerable households during this challenging period.

As inflationary pressures begin to ease and central banks like the US Federal Reserve and the European Central Bank lower borrowing costs, the IMF suggests that now is a critical time for governments to rebuild their fiscal buffers. The report emphasises that delaying necessary adjustments will only worsen&nbsp;future challenges, calling for cumulative fiscal adjustments ranging from 3 per cent to 4.5 per cent of GDP globally.

The IMF's recommendations include re-prioritising government expenditures, implementing entitlement reforms, increasing revenues through indirect taxes in low-taxation areas, and eliminating inefficient tax incentives.

Additionally, it highlights that ongoing government spending related to transitioning to greener energy sources, coupled with challenges posed by ageing populations and security concerns, is likely to add further pressure on public finances in the years ahead.

This report comes at a pivotal moment as China embarks on a substantial fiscal stimulus plan aimed at rejuvenating its economy. Meanwhile, in the United States, upcoming presidential election campaigns are projected to significantly swell federal debt by trillions of dollars.

Concerns over escalating borrowing levels have already triggered a sell-off in government bond markets across various countries, including the UK and France. In response to these mounting pressures, UK Chancellor Rachel Reeves is expected to use her upcoming Budget announcement to adjust the definition of public debt within the country’s fiscal rules, potentially allowing for increased borrowing.

As global economies navigate these turbulent waters, the IMF's findings serve as a stark reminder of the urgent need for comprehensive fiscal strategies that can address both current challenges and future sustainability.

Global public debt is set to surpass $100 trillion this year, signalling urgent calls for stronger fiscal measures from major economies, according to a recent report from the International Monetary Fund (IMF).

Global public debt is set to surpass $100 trillion this year, signalling urgent calls for stronger fiscal measures from major economies, according to a recent report from the International Monetary Fund (IMF). As governments continue to grapple with the economic fallout from the Covid-19 pandemic, the rising tide of debt is becoming increasingly concerning, with projections indicating that global debt could approach 100 per cent of world GDP by the end of the decade as elaborated in a recent report by the Financial Times. The IMF's Fiscal Monitor report highlights that government borrowing has surged as countries adopt expansive spending strategies aimed at stimulating economic growth. The United States and China are identified as key drivers behind this increase, with their respective debts contributing significantly to the global total. The report notes that the ratio of public debt to GDP has risen sharply, now sitting approximately 10 percentage points higher than pre-pandemic levels. Countries such as the UK, Brazil, France, Italy, and South Africa are among those expected to see continued increases in their debt levels. The IMF warns that without decisive action, future debt levels could exceed current projections, necessitating substantial fiscal adjustments to stabilise or reduce borrowing. The fund advocates for well-designed fiscal policies that not only support economic growth but also protect vulnerable households during this challenging period. As inflationary pressures begin to ease and central banks like the US Federal Reserve and the European Central Bank lower borrowing costs, the IMF suggests that now is a critical time for governments to rebuild their fiscal buffers. The report emphasises that delaying necessary adjustments will only worsen future challenges, calling for cumulative fiscal adjustments ranging from 3 per cent to 4.5 per cent of GDP globally. The IMF's recommendations include re-prioritising government expenditures, implementing entitlement reforms, increasing revenues through indirect taxes in low-taxation areas, and eliminating inefficient tax incentives. Additionally, it highlights that ongoing government spending related to transitioning to greener energy sources, coupled with challenges posed by ageing populations and security concerns, is likely to add further pressure on public finances in the years ahead. This report comes at a pivotal moment as China embarks on a substantial fiscal stimulus plan aimed at rejuvenating its economy. Meanwhile, in the United States, upcoming presidential election campaigns are projected to significantly swell federal debt by trillions of dollars. Concerns over escalating borrowing levels have already triggered a sell-off in government bond markets across various countries, including the UK and France. In response to these mounting pressures, UK Chancellor Rachel Reeves is expected to use her upcoming Budget announcement to adjust the definition of public debt within the country’s fiscal rules, potentially allowing for increased borrowing. As global economies navigate these turbulent waters, the IMF's findings serve as a stark reminder of the urgent need for comprehensive fiscal strategies that can address both current challenges and future sustainability.

Global public debt to pass $100tn this year: IMF Report

Now, we look at how markets started the week. Asian stocks advanced after stronger-than-expected US Payroll data underscored the health of the world's largest economy and boosted investor optimism. Watch to know more.

Trading is Being Shaped by Signs of US Economic Resilience

The federal reserve is focusing more of its policy efforts on protecting the Labour market. The expectation that US Inflation likely eased at the end of the third quarter should reassure US Policymakers. US Inflation data is due this week, along with the minutes of the fed meeting in September, when the central bank cut rates by 0.5 percent.

FED & ECB Meeting Minutes in the Spotlight

The escalating conflict between Iran and Israel has raised fears of a broader regional war, with tensions drawing in global powers and sparking concerns about the possibility of World War 3. As violence intensifies and alliances are tested, world leaders are urging for de-escalation to avoid a catastrophic international conflict.

Iran-Israel War: World On The Brink Of World War 3?

Markets started on a high the week in Asia after china's stimulus glitz took hold last week. China's latest move to tackle its property crisis lifted stock markets in the mainland and Hong Kong on Monday. However, Tokyo shares dropped after a proponent of bank of japan tightening emerged victorious in the ruling party's leadership race.

Stocks Rally Extend After China's Fresh Steps to Ease Housing Woes

In this special Wings episode, we celebrate World Tourism Day by exploring India as a Sustainable Destination. From eco-friendly resorts to responsible wildlife tourism, we highlight India’s top sustainable travel experiences that promote cultural preservation and support the environment. Discover how India’s adventure tourism offers exhilarating thrills with minimal impact, and how food lovers can enjoy delectable Indian cuisine with a sustainable twist. Whether you’re seeking culture, nature, or adventure, sustainable travel in India has something for everyone. We also take you on a scenic train journey across India with the launch of the Bharat Nepal Maitri Yatra Train, inaugurated by Ashwini Vaishnaw. Experience the beauty of the Indian landscape from the comfort of this modern train designed for a luxurious yet eco-conscious journey. Next, we head to Munich, Germany, where Oktoberfest kicks off in full swing. Grab your lederhosen and steins as we dive into one of the world’s most iconic cultural festivals. In Istanbul, an ancient underground cistern draws tens of thousands of visitors daily. This engineering marvel offers a fascinating glimpse into the city's rich history. Finally, we travel to Morocco, a nation embracing eco-tourism as part of its sustainable future. From unique cave dwellings to eco-friendly travel initiatives, Morocco’s push for sustainability is making waves in the tourism sector.

World Tourism Day Special: Sustainable Tourism & Global Adventures

Global stocks drifted near all-time highs ahead of the Fed, with traders split on the size of an interest-rate cut. Watch to know more.

Southeast Asian Stocks rally ahead of Fed decision

The US Stock market has recovered most of the losses suffered in its summer selloff. While the S&P 500 index has bounced back before, this time is unique because the rally is not being led by big tech firms. Instead it’s everyone else’s turn – the ‘other 493’ stocks.

Asian stocks struggle to find direction ahead of Fed meeting

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

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

PM Modi returned to New Delhi after completing his three-day visit to Brunei and Singapore. Watch WION to know the highlights of PM Modi's Singapore visit.

PM Modi's Singapore Visit: PM Modi asks Singapore to invest in India

The world is facing a climate crisis, and developing nations are bearing the brunt of its consequences. To help these countries adapt and mitigate the effects of climate change, a global commitment was made in 2009: developed nations would provide $100 billion in climate finance annually by 2020. However, this promise has largely gone unfulfilled.

India's climate funding tops major developed countries

Indian Prime Minister Narendra Modi held a productive meeting with his Singapore counterpart Lawrence Wong during which they elevated the bilateral ties to a comprehensive strategic partnership. The two leaders also oversaw the exchange of four MoUs after the talks.

Indian PM Modi meets Singapore counterpart Lawrence Wong, 4 MoUs signed

The United States indicts two employees of Russia's RT news and imposes sanctions on top editors of the state-funded news outlet, accusing them of seeking to influence the 2024 US presidential election.

White House: Putin was aware of Russian election interference

The public speculation continues to mount on the sinking of the luxury yacht owned by late British Tech Tycoon Mike Lynch. The sinking of the yacht killed seven people including Lynch and his 18-year-old daughter. Watch the full video for all the details.

Mike Lynch death: Prosecutors investigate manslaughter in Lynch's Yacht tragedy

One man died and six people were missing after Bayesian, a 56-metre-long (184-ft) sailboat, was suddenly hit by ferocious weather and now an Italian climatologist has said that, Global warming may have contributed to the freak storm that sank the luxury British-flagged yacht...

British tech entrepreneur Mike Lynch missing

Now, we look at the rising geopolitical tug-of-war between the US and China. What is this all about? What kind of advantage does America have in the artificial intelligence (AI) race and can it be maintained? How might it change under another term, President Trump? Take a look at this report for more...

U.S. and China are in an all-out ai race

A major disruption in Microsoft's cloud services caused widespread flight cancellations and delays. The outage forced several airlines to ground planes and disrupted flight operations. Watch this video for all details.

Microsoft Outage: Worldwide travel disruptions after a cybersecurity update affects IT systems

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