US vs China over South China Sea: Washington backs Philippines, Beijing hits back

Election Commission on 'damage control' : What do nine new decisions mean?

UK police arrest several under explosives act near air base used by US forces

‘Anti-social elements spreading false rumours’: LPU issues statement amid massive unrest over alleged rape

LPU students go on rampage, vandalise campus amid widespread protest: What's happening

OpenAI AI Agents hacked 4 websites before Hugging Face, researchers reveal

US Treasury Secretary Scott Bessent hails global crackdown on Iranian banks and airlines

New Friday OTT releases (September 25, 2026): Don’t Be Shy, Hunkkaar: The Roar, Mango Pachcha- 6 movies and TV shows on Netflix, Prime Video and more

Asian Games 2026: India face Afghanistan in quarterfinal on Sep 28; Pakistan clash with Hong Kong

‘Attack on Mecca a red line for Pakistan’: Shehbaz Sharif warns Houthis at UN

WATCH | Delhi minister Parvesh Verma slaps man during road inspection – Here’s what happened

'Countries far from conflict are penalised': Jaishankar calls for Gulf peace, seafarer safety at UN

Bigg Boss 20: Salman Khan schools Rhiti Tiwari over Qazi Touqeer clash, compares her to Dolly Bindra

Gunmen kill 27 in two separate mass shootings in South Africa

Humanoid robots to virtual worlds! Korean sci-fi dramas to watch: Are You Human Too?, Memories of the Alhambra and more

IND vs WI 1st ODI: Naman Dhir debuts as India bowl first in Trivandrum; check playing XIs

Nations League: Spain sink England at Wembley; Modric shines for Croatia

Two men die of suspected chemical exposure inside public toilet in Mumbai

Trump-Xi summit wrap: Big pageantry, Iran talks, few major developments and more meetings planned

‘Could kill billions...’: Bill Gates backs calls to slow AI development amid fears of catastrophe

Bollywood x K-pop crossover! LE SSERAFIM’s Kazuha charms fans with Shah Rukh Khan’s ‘Chammak Challo’ steps

US-Iran war: Trump rejects Iran's Hormuz proposal, reports suggest talks expected next week

Jaishankar at UNGA: Goodwill and friendship can't coexist with terrorism

Sri Lankan Tamil migrant worker gets death sentence in Saudi Arabia, help sought from India

'FIRST LOOK from inside Noah’s Ark': Researchers share video from inside mysterious mound in Turkey

UNSC reform momentum grows: Russia, Portugal, Mauritius push for India's permanent seat bid

WATCH | As Shehbaz Sharif claims Pakistan’s ‘victory’ during 2025 conflict, Indian diplomat R Srinivas laughs at UN

Ceuta migrant crisis: Protesters take to streets as Spain grapples with migrant challenge

Ramayana: Yash’s Ravana gets first official poster from Nitesh Tiwari’s epic

'A terrorist country is asking me that question?': Jaishankar hits back at Pakistani journalist at UN; flags attacks on commercial shipping

Russia will achieve Ukraine war aims; Europe doing everything to block peace talks: Lavrov at UN

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy.

Moody's Bullish on India: GDP growth forecast skyrockets to 8 pc for FY24

Leading global rating agency, Moody's, has raised the bar for India's economic prowess, revising its GDP growth forecast for the fiscal year 2023-24 to an impressive 8 per cent.

<a href="https://www.wionews.com/business-economy/moodys-bullish-on-india-gdp-growth-forecast-skyrockets-to-8-pc-for-fy24-697895">Read more here</a>

Fed Chair Jerome Powell signals potential interest rate cuts. Here are the details

Federal Reserve Chair Jerome Powell hinted at the central bank's growing confidence in considering interest rate cuts, stating they are "not far" from the needed assurance that inflation is sustainably moving towards the 2 per cent target, Bloomberg reported on Thursday.

<a href="https://www.wionews.com/business-economy/fed-chair-jerome-powell-signals-potential-interest-rate-cuts-here-are-the-details-697903">Read more here</a>

Strikes paralyse Germany's transport sector: Railways and airports in chaos

Millions of German commuters and travellers face severe disruptions as strikes escalate in the transportation sector.

<a href="https://www.wionews.com/business-economy/strikes-paralyse-german-transport-railways-and-airports-in-chaos-697913">Read more here</a>

Saudi Arabia boosts sovereign wealth fund, transfers 8 pc stake in Aramco worth $163.6 bn

Intending to advance its ambitious economic reform agenda, Saudi Arabia has doubled down on its sovereign wealth fund, the Public Investment Fund (PIF).

<a href="https://www.wionews.com/business-economy/saudi-arabia-boosts-sovereign-wealth-fund-transfers-8-pc-stake-in-aramco-worth-1636-bn-697926">Read more here</a>

LinkedIn's premium subscriptions soar to $1.7 billion in 2023. Here are the details

LinkedIn, the professional social network owned by Microsoft has reported that&nbsp;its premium subscription business has reached $1.7 billion in revenue for the year 2023.

<a href="https://www.wionews.com/business-economy/linkedins-premium-subscriptions-soar-to-17-billion-in-2023-here-are-the-details-697937">Read more here</a>

RBI and Bank Indonesia ink pact to boost bilateral trade using local currencies

In a move towards strengthening economic integration, the Reserve Bank of India (RBI) and Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday, to establish a framework promoting the use of local currencies for cross-border transactions.

<a href="https://www.wionews.com/business-economy/rbi-and-bank-indonesia-ink-pact-to-boost-bilateral-trade-using-local-currencies-697954">Read more here</a>

Flipkart to introduce quick commerce service: Targets 10-15 minute deliveries, says report

India's e-commerce giant, Flipkart, is gearing up to join the quick commerce race, aiming to roll out 10-15 minute deliveries in a dozen cities within the next six to eight weeks, as reported by Entracker.

<a href="https://www.wionews.com/business-economy/flipkart-to-introduce-quick-commerce-service-targets-10-15-minute-deliveries-report-says-697988">Read more here</a>

Broadcom eyes $10 billion in AI chip sales for 2024: Report

Broadcom on Thursday projected $10 billion in revenue from artificial intelligence (AI) chips in 2024.

<a href="https://www.wionews.com/business-economy/broadcom-eyes-10-billion-in-ai-chip-sales-for-2024-report-698002">Read more here</a>

UK Budget tax cuts won't offset rising prices, warns think tank

A leading think tank, the Institute for Fiscal Studies (IFS), has cautioned that tax cuts announced in Wednesday's Budget won't fully offset the impact of tax increases and rising prices, as per a BBC report.

<a href="https://www.wionews.com/business-economy/uk-budget-tax-cuts-wont-offset-rising-prices-warns-think-tank-697597">Read more more&nbsp;</a>

Dutch government in talks with ASML amid concerns over anti-immigration policies

The Dutch government has initiated discussions with semiconductor equipment manufacturer ASML, in a bid to prevent the company from relocating its operations abroad or expanding its footprint outside the Netherlands, amid&nbsp;concerns surrounding anti-immigration policies.

<a href="https://www.wionews.com/business-economy/dutch-government-in-talks-with-asml-amid-concerns-over-anti-immigration-policies-697594">Read more here</a>

Apple faces 24 pc dip in China iPhone sales amid Huawei's 64 pc surge

Apple encountered a significant setback in China as its iPhone sales plummeted by 24 per cent in the initial six weeks of 2024, as revealed by a report by research firm Counterpoint.

<a href="https://www.wionews.com/business-economy/apple-faces-24-pc-dip-in-china-iphone-sales-amid-huaweis-64-pc-surge-697527">Read more here</a>

China aims for 5pc GDP growth amid scepticism - promises vigorous effort to achieve target

China is standing firm on its ambitious plan to achieve a 5 per cent GDP growth this year, with officials expressing confidence in attaining the target through determined efforts.

<a href="https://www.wionews.com/business-economy/china-aims-for-5pc-gdp-growth-amid-scepticism-promises-vigorous-effort-to-achieve-target-697511">Read more here</a>

India's Economic Ascent: Projected to grow 6.8 pc in FY25, country eyes upper-middle-income status by 2031

India's economic trajectory is on an upward swing, with a forecasted 6.8 per cent growth in the next fiscal year, according to ratings agency Crisil.

<a href="https://www.wionews.com/business-economy/indias-economic-ascent-projected-68-pc-growth-in-fy25-eyes-upper-middle-income-status-by-2031-697492">Read more here</a>

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. Moody's Bullish on India: GDP growth forecast skyrockets to 8 pc for FY24 Leading global rating agency, Moody's, has raised the bar for India's economic prowess, revising its GDP growth forecast for the fiscal year 2023-24 to an impressive 8 per cent.

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. Moody's Bullish on India: GDP growth forecast skyrockets to 8 pc for FY24 Leading global rating agency, Moody's, has raised the bar for India's economic prowess, revising its GDP growth forecast for the fiscal year 2023-24 to an impressive 8 per cent. Read more here Fed Chair Jerome Powell signals potential interest rate cuts. Here are the details Federal Reserve Chair Jerome Powell hinted at the central bank's growing confidence in considering interest rate cuts, stating they are "not far" from the needed assurance that inflation is sustainably moving towards the 2 per cent target, Bloomberg reported on Thursday. Read more here Strikes paralyse Germany's transport sector: Railways and airports in chaos Millions of German commuters and travellers face severe disruptions as strikes escalate in the transportation sector. Read more here Saudi Arabia boosts sovereign wealth fund, transfers 8 pc stake in Aramco worth $163.6 bn Intending to advance its ambitious economic reform agenda, Saudi Arabia has doubled down on its sovereign wealth fund, the Public Investment Fund (PIF). Read more here LinkedIn's premium subscriptions soar to $1.7 billion in 2023. Here are the details LinkedIn, the professional social network owned by Microsoft has reported that its premium subscription business has reached $1.7 billion in revenue for the year 2023. Read more here RBI and Bank Indonesia ink pact to boost bilateral trade using local currencies In a move towards strengthening economic integration, the Reserve Bank of India (RBI) and Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday, to establish a framework promoting the use of local currencies for cross-border transactions. Read more here Flipkart to introduce quick commerce service: Targets 10-15 minute deliveries, says report India's e-commerce giant, Flipkart, is gearing up to join the quick commerce race, aiming to roll out 10-15 minute deliveries in a dozen cities within the next six to eight weeks, as reported by Entracker. Read more here Broadcom eyes $10 billion in AI chip sales for 2024: Report Broadcom on Thursday projected $10 billion in revenue from artificial intelligence (AI) chips in 2024. Read more here UK Budget tax cuts won't offset rising prices, warns think tank A leading think tank, the Institute for Fiscal Studies (IFS), has cautioned that tax cuts announced in Wednesday's Budget won't fully offset the impact of tax increases and rising prices, as per a BBC report. Read more more Dutch government in talks with ASML amid concerns over anti-immigration policies The Dutch government has initiated discussions with semiconductor equipment manufacturer ASML, in a bid to prevent the company from relocating its operations abroad or expanding its footprint outside the Netherlands, amid concerns surrounding anti-immigration policies. Read more here Apple faces 24 pc dip in China iPhone sales amid Huawei's 64 pc surge Apple encountered a significant setback in China as its iPhone sales plummeted by 24 per cent in the initial six weeks of 2024, as revealed by a report by research firm Counterpoint. Read more here China aims for 5pc GDP growth amid scepticism - promises vigorous effort to achieve target China is standing firm on its ambitious plan to achieve a 5 per cent GDP growth this year, with officials expressing confidence in attaining the target through determined efforts. Read more here India's Economic Ascent: Projected to grow 6.8 pc in FY25, country eyes upper-middle-income status by 2031 India's economic trajectory is on an upward swing, with a forecasted 6.8 per cent growth in the next fiscal year, according to ratings agency Crisil. Read more here

WION Business Wrap | Top stories from the world of economy and business

Welfare schemes and freebies are an integral part of India's polity. The line between what constitutes a freebie and a welfare scheme is a hazy one. But they have a huge impact on the political economy of India. We decode more on Pollnomics today.

India's race to power: Decoding India's 2024 election contest, welfare scheme ecosystem

India's race to power: Decoding India's political economy, welfare scheme ecosystem

A Google employee was charged Tuesday with stealing artificial intelligence trade secrets from the tech giant while secretly working with two Chinese-based companies in the AI industry. Linwei Ding, who also goes by Leon Ding, is charged with four counts of theft of trade secrets.

Google employee charged with stealing AI trade secrets

We put the spotlight on a significant trend in the Chinese economy: a surge in outbound investment. Faced with a struggling domestic market, Chinese investors are rushing to put their money overseas, pushing sales of offshore funds to record highs. This flight of capital is putting pressure on Beijing's efforts to stabilise the yuan and revive domestic markets.

China's domestic market in turmoil as investors flock overseas

In a big win for Wall Street, Reuters sources suggest that US Regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule. Bank regulators in July unveiled the "Basel Three" proposal to overhaul the capital requirements of banks with over $100 billion in assets. But top Wall Street banks said the draft goes further than the Basel accord and overstates their risks. Sources now say the figure is expected to fall sharply as regulators embark on a sweeping rewrite of the draft.

US regulators expected to reduce extra capital requirements: Report

The Reserve Bank of India governor, Shaktikanta Das, raised India's economic growth forecast for 2024, citing strong performances in manufacturing, construction, and rural demand. He expects the economy to grow close to 8% this year, exceeding previous estimates.

RBI Governor buoyant on India's growth

In a big boost to Egypt's economic recovery, the country has secured an expanded $8 billion deal with the International Monetary Fund. The deal comes hours after the central bank liberalised its currency and delivered a six percent rate hike in a push to stabilise the economy.

Egypt secures expanded $8 billion deal with the IMF

A battle for dominance unfolds in China's smartphone market. New data from research firm Counterpoint reveals a sharp decline in Apple's iPhone sales, plunging 24% in 2024 compared to last year. Meanwhile, Huawei emerges as a formidable competitor, boasting a remarkable 64% surge in sales.

Apple's iPhone sales drop 24% in China amid fierce competition

India's race to power: Decoding India's political economy

In the next few months, india will face an election. However, experts say the polls this year is unlikely to spook investors. Not too long ago, india was famously grouped as part of morgan stanley's "fragile five" economies. Ten years later, india is investors favourite. Take a look at this report to understand the nuances of india's rise as the fastest-growing major economy.

Pollnomics: Elections in India this year are unlikely to spook investors

At a time when China's economic recovery is losing steam, the country's premier Li Qiang has announced a growth target of 5% for 2024. However, his announcement lacked any concrete details, raising questions about the effectiveness of China's stimulus measures so far.

China sets its 2024 economic growth target at 5 percent

Traders may have felt more confident a year ago when Apple decided to end the development of its electric cars and redirect the funds to AI programs. A year on, the opposite is true; the stock's decline has worsened. Despite CEO Tim Cook assuring shareholders that the business will "Break new ground" in AI, the firm has been tight-lipped about its AI initiatives. The stock's 9% year-to-date decline has pushed its market worth below that of Microsoft, indicating mounting investor impatience.

Apple's market value below Microsoft's net worth

Bitcoin rose to a record high on Tuesday, breaching the previous high set over two years ago. The original crypto didn't remain at its new all-time high for long, as many traders took advantage of the chance to book some profit. Bitcoin rose as much as 2.5% to $69,191.95 before retreating to around $62,000.

Bitcoin tops $69,000 to new record high

South Africa's economy narrowly avoided a technical recession in the December quarter. A decrease in rotating power interruptions helped with a recovery in energy-intensive sectors like mining. Gross domestic product rose by 0.1% in the three months through to December.

Mining boom helps South Africa avoid recession

With Pakistan's $3 billion bailout programme about to expire in April, new prime minister Shehbaz Sharif directed officials to expedite talks with the International Monetary Fund. The decision was made by Sharif following a briefing by Finance Secretary Imdad Ullah Bosal following his oath of office as leader of Pakistan on Monday.

Pakistan faces $25 billion debt payments

Indian auto maker Tata Motors' shares soar after it announced splitting its car and truck businesses into separate units. The report tells you what this split means for the company and its ambitions in India's booming automobile market.

Tata to split passenger vehicle and commercial vehicle businesses

The focus this week shifts to the US Federal Reserve Chief's monetary policy testimony on Capitol Hill. FED Chief Jerome Powell will face severe pressure from Congress to cut rates to keep the economy humming during an election year.

FED's Powell to reinforce 'no rush to cut'

In yet another proof of a spiralling real estate crisis, china's property giant Vanke faces debt servicing risks. China's number two real estate developer by sales, Vanke, saw its stock and bond prices fall to new lows on Monday as worries about the company's ability to repay creditors resurfaced.

Debt risks for China's property giant Vanke

Bitcoin has surged to a two-year high, surpassing the $68,000 mark and nearing its previous all-time peak set in November 2021. While, global stock indexes are also hitting record levels, some analysts caution against excessive exuberance, noting the volatility inherent in the crypto market. Take a look at this next report for more.

Bitcoin hits 2-year high

China sets an ambitious growth target of 5% for this year alongside measures to boost confidence. The government also plans to raise debt worth $139 billion as officials ramp up fiscal stimulus. However, matching last year's figure will be harder as the country faces a lack of investor confidence and a slowing global economy.

China sets 5% growth target

Investors have increased their bets against the Lira post the local elections in March. However, a Bloomberg report showed that Turkiye's Minister of Treasury and Finance, Mehmet Simsek, dismissed the post-election Lira doom scenario.

Turkiye dismisses post-election Lira doom?

Prime Minister Narendra Modi's marathon meeting with his council of ministers has brought to light crucial discussions on India's future trajectory. At the heart of this gathering was the unveiling of the 'Viksit Bharat 2047' vision document, outlining a comprehensive roadmap for the nation's development. But can it really prove effective in the face of growing geopolitical uncertainties? While recent reports highlight India's economic resilience and projected growth, challenges persist on the development path. Geopolitical instability, subdued global demand, and high debt-to-GDP ratios present formidable obstacles.

Spotlight on 'Viksit Bharat 2047' vision

Danish Parliament Speaker Soren Gade Jensen, currently on a visit to India, extolled the democratic values shared between Denmark and India. In an interview with our diplomatic correspondent Siddhant Sibbal, Jensen emphasized the significance of India's democratic stature, stating, "Denmark and India, Europe and India because we share the same values, we are democracies." He further underscored India's democratic prowess, highlighting, "I think it's amazing that nearly a billion people they can have a vote in India...I think India sets an example for many developing countries to show that it is possible to have a democracy."

Danish Parliament speaker hails India's democratic stature

The election fever has gripped political parties, even before the first votes are cast. But we take a step back and look at how the economy performs around India's elections. We break down whether good economics is good politics. This is our special segment: Poll-nomics.

Unravelling performance of Indian economy before and after polls

Explained: Link between polls & economy | Do voters reward good economics?