Recent survey says India has zero probability of slipping into recession. Unlike other economies, India has largely remained resilient to economic headwinds as compared to Europe and the US but it has its own share of challenges.

India has zero probability of slipping into recession: Survey

Inflation is not only hitting people's daily needs of food and fuel, it is now affecting entertainment service and their providers. In the latest, Amazon will increase subscription prices for its prime services.

Amazon prime video to raise monthly subscription price

There seems to be no end to the political turmoil in Pakistan. With the country's most populous state Punjab becoming the battleground between the coalition government and the key opposition PTI. In the latest, Pakistan SC gives a big blow to the ruling party.

Pakistan SC overturns Punjab DY CM's decision, names Parvez Elahi as Punjab CM

London's Heathrow said that the decision to cap flight numbers after it struggled to cope with a rebound in travel had delivered a marked improvement in punctuality and baggage handling.

Heathrow: Passenger cap has improved operations

US consumer confidence dropped to nearly a 1.5-year low in July amid persistent worries about higher inflation and rising interest rates, which could undercut spending, pointing to slower economic growth at the start of the third quarter.

US consumer confidence nears 1.5-year low

Germany’s flagship carrier Lufthansa says it is cancelling more than 1,000 flights in advance of a walkout by its ground staff scheduled for Wednesday.

Lufthansa's massive flight cancellation due to ground staff walkout

Two Indian UN peacekeepers were killed in the Democratic Republic of Congo, this occurred as anti-UN Protesters tried to invade UN offices in the eastern region of the country. At least, 15 people have died and more than 50 were injured.

3 UN peacemakers in Democratic Republic of Congo killed by mob

Russia's invasion of Ukraine has increased tensions between Russia and United States, this has led to questions about the two countries' space cooperation.

Russia to withdraw from International Space station?

The current economic outlook is worrisome. Two of the world's biggest economies the United States and China are struggling. Millions in America are living on the edge, they are struggling amid historically high inflation.

World Bank warns of recession and stagflation: American and Chinese economies on the edge?

The Nord stream one pipeline from Russia has Europe on the edge once again. In the latest, the Russian energy giant Gazprom said that it will further reduce gas supplies through the pipeline to Germany to just 20 percent capacity.

Gazprom restricts gas supply to Germany | Putin waging a 'Gas War' against Europe?

The latest TV clash between UK PM hopefuls- Rishi Sunak and Liz Truss came to an abrupt halt after the host of the debate fainted on-air. It is the 2nd TV debate in last 24 hours that halted midway.

UK PM Race | Tory leadership debate cut short after moderator collapses on air

The war in Ukraine has led to energy and food crisis around the world. The crisis has been especially harsh on Europe where gas prices have surged by nearly 30% in two days.

Europe: Gas prices surge by 30% in 2 days; Zelensky accuses Russia of imposing 'price terror'

Former United States President Donald Trump made his first visit to Washington since leaving the White House 18 months ago. With his fiery speech and strong hints of 2024 Presidential election bid, Trump teased his return to the White House.

'They want to damage me, so I can't work' Trump's fiery speech ahead of 2024 election polls

The IMF has slashed its global growth forecasts for 2022-2023 and raised its projections for inflation, warning that the risks to the economic outlook are overwhelmingly tilted to the downside.

IMF: Ukraine war pushing world economy to the brink of recession

Many regions of the planet have been hit by deadly heatwaves in recent months and China is no exception. Cities across the country are on red alert; China sweltering through one of its hottest summers on record.

Record-breaking heat wave in China; Mercury rises above 41 degree Celsius

A profit warning by Walmart ignited a sell-off in shares of major US retailers, quickly evaporating over $100 billion in stock market value in extended trade.

US retailers' stock tumble after Walmart cuts profit forecast

United States is taking a number of steps so that it does not slip into recession. President Joe Biden virtually met with CEOs of Lockheed Martin, Medtronic along with Labour leaders to address the chip shortage.

Chip Shortage in United States: Biden meets CEOs

South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased COVID-19 restrictions offset poor exports, supporting the case for further central bank interest rate hikes.

South Korea's economy unexpectedly speeds up

According to a report, Elon Musk allegedly had an extramarital affair with Nicole Shanahan, the wife of billionaire Google co-founder Sergey Brin.

Elon Musk and Sergey Brin: Friends to foes? Rift between two of the world's richest?

Playing down recession fears, President Joe Biden of United States said he does not expect that US will suffer an economic downturn. Although the GDP figures due later this week may show the economy has shrunk for second consecutive quarter.

US President Joe Biden plays down recession fears

In his first public remarks in Canada, Pope Francis has asked indigenous residential school survivors for forgiveness.

Canada: In his first address to residential school survivors, Pope Francis says he is 'deeply sorry'

Amid skepticism that the recent Russian strike on Ukraine's port city of Odessa might jeopardize the un-brokered grain deal. Kyiv and the United Nations have now offered a fresh ray of hope saying that the export of grains could start within days.

Ukraine works to resume grain exports, should begin again within days

Execution of four democracy activists have drawn global condemnation, it has also drawn the eyes of the citizens within the country. Amid this, a small group of protests broke out in Myanmar, a dozen mass protesters took to the streets holding demonstrations.

Protest against execution of activists in Myanmar, global leaders express displeasure

Russian energy giant Gazprom has said that he has once again drastically cut EU supplies through its main pipeline Nord Stream 1 due to maintenance work and this comes as fear of acute gas crunch continues.

Gazprom to make drastic cut to Europe's gas supply | Nord Stream 1 supply to be cut further

US President Joe Biden is likely to speak with his Chinese counterpart Xi Jinping this week. The telephonic conversation would come in the backdrop of a worsening relation between the two global superpowers over several issues that includes Taiwan, Ukraine and technology sector competition.

Biden-Xi talks amidst deteriorating US-China relations | US to pass bill for microchip shortage

Kargil Vijay Divas is celebrated on 26 July every year to commemorate India's victory over Pakistan in the Kargil War in the year 1999.

Kargil Vijay Diwas 2022: India commemorates 23rd anniversary of India's win over Pakistan

Monkeypox is spreading at an alarming pace across the world. At least 16,000 cases have been reported in 75 countries, four of them are in India. Should you be worried?

Global Monkeypox Outbreak: 75 countries, 16,000 cases and 5 deaths

There seems to be no end to the political turmoil in Pakistan. In the latest, the ruling coalition government has accused the country's top court of being partial towards the ousted prime minister Imran Khan.

Punjab CM election: Pakistan coalition govt to boycott court proceedings, accuses it of 'partiality'

Russian energy giant Gazprom has said that it will again drastically cut gas supplies to EU countries through its main pipeline the north stream one due to maintenance work. To this the EU has now said that it must stack soon to reduce its usage of Russian gas.

Nord Stream 1 supply to be cut | Zelensky slams  Russia's gas cut move; 'Must act soon' says EU

South African President Cyril Ramaphosa has announced a series of reforms and new measures to address the ongoing energy crisis in the country, this comes as South Africa continues to witness its worst-ever power crisis.

South African Prez Cyril Ramaphosa announces series of reforms to address ongoing energy crisis

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