AI Bubble Burst May Cause Global Recession, Analysis Warns
If America's AI-driven stock market crashes, it could trigger a consumer-led global recession despite equity financing. Household wealth and spending face major risks.
If America's AI-driven stock market crashes, it could trigger a consumer-led global recession despite equity financing. Household wealth and spending face major risks.
Britain's top military official says the country cannot meet its defense commitments even with increased spending, revealing a multibillion-pound shortfall and potential program delays.
WHO Director-General Tedros Adhanom Ghebreyesus warns global military spending hit a record $2.2 trillion, diverting funds from health. He urges nations to choose 'peace as the best medicine' and invest in global health initiatives.
UN's 2026 World Economic Report warns of record military spending diverting funds from development. India's growth forecast is 6.6%, but US tariffs pose a risk. Essential read for UPSC aspirants.
UN chief Guterres warns global military spending hits $2.7 trillion, diverting funds from social needs. Meanwhile, UN raises India's 2026 GDP growth forecast to 6.6%, citing resilient demand.
US defence stocks surged after President Trump proposed raising military spending to $1.5 trillion. While broader indices like S&P 500 dipped, companies like Lockheed Martin jumped nearly 9%. Read the full market analysis.
Former US President Donald Trump unveils a massive $1.5 trillion defence budget proposal for 2027, promising to build the ultimate military force. Explore the details and global implications.
Former US President Donald Trump asserts his pressure led NATO members to sharply increase defence budgets. He also claims Russia and China don't fear the alliance without US support. Read the full analysis.
A new report reveals Syracuse University contributes nearly $2 billion to Central New York's economy, supporting over 14,000 jobs and driving research and construction. Discover the full economic impact.
US forces capture Venezuelan President Nicolás Maduro in a large-scale military operation, triggering international condemnation and urgent diplomatic activity. Read the latest global reactions.
Facing economic stagnation, German manufacturers from auto to printing are pivoting to defence, capitalising on Berlin's massive €500bn military spending pledge. Discover the risks and rewards.
China slams Japan's criticism of its defence spending as 'despicable', warns Tokyo has 'no right' to comment given its wartime history. Full details on the diplomatic clash.
Britain's top military chief issues a stark warning, urging a 'whole-of-society' response to the rising threat from Russia. NATO allies push for higher defence spending.
Massive youth-led protests erupt across Germany against the plan to revive compulsory military service. Students walk out, calling it 'recruitment of death'. Details inside.
New data reveals Gen Z is making sharper holiday spending cuts than older groups in the US, highlighting a severe affordability crisis. Discover how this impacts retail and the economy.
Trump's tariffs hit global trade, but a $400 billion AI investment surge by US tech giants is driving growth. Discover how this is saving economies from recession.
Revenue growth for India's top 5 IT firms lags behind global clients since 2023. Experts cite AI, automation, and changing spending patterns as key factors. Read the full analysis.
The 7th edition of India-UK joint military exercise Ajeya Warrior concluded successfully in Rajasthan after intensive training. Read about the strategic partnership.
Global military expenditure reached a record $2.7 trillion in 2024, rising 9.4% from 2023. Explore how Eisenhower's Military-Industrial Complex concept explains this surge and its implications for global security.
French President Emmanuel Macron announces new voluntary military service program as France responds to accelerating global security threats. Learn about the strategic shift.
Taiwan's legislature approves NT$1.27 trillion special budget for military purchases to counter China's threats. Historic move strengthens island's defense capabilities.
Money sent overseas by Indians under RBI's liberalised remittance scheme rose to $2.8 billion in September, driven by travel spending. Discover the shifting trends in foreign exchange outflows.
US retail sales grew slower than expected in September at 0.2% as consumers faced persistent high prices. Producer prices rose 0.3%, driven by energy and food costs. Read the full analysis.
Yankees owner Hal Steinbrenner expresses concern over Dodgers' financial dominance after their 2025 World Series win. Read about MLB's growing competitive imbalance.
Telangana records 19% debit card growth, becoming India's second fastest-growing state. Car sales surge 29% as GST rationalization boosts consumer confidence. Explore the digital payment revolution.
The US economy now heavily relies on AI investment from tech giants. Without this spending, GDP growth would halve, raising recession risks. Explore the implications.
India's digital payments show no post-festival slowdown with daily spends reaching ₹96,017 crore in November. UPI dominates with 94% market share as consumption momentum continues.
Indian consumers flock to value meals as quick service restaurants report muted Q2 growth. Analysis reveals shifting consumer preferences and market trends.
Investors watch Black Friday for consumer health signals as stock volatility and delayed data create uncertainty. Will holiday spending defy economic headwinds?
American consumers are spending strongly at Walmart, Gap and TJ Maxx despite tariff pressures. Holiday sales expected to grow 3.7-4.2% to over $1 trillion. Read the full analysis.