China Leads R&D Spending, India Ranks 7th in 2024
China overtakes the US as the world's largest R&D spender in 2024, with India ranking 7th globally. Global R&D expenditure hits $2.87 trillion, driven by Asian growth.
China overtakes the US as the world's largest R&D spender in 2024, with India ranking 7th globally. Global R&D expenditure hits $2.87 trillion, driven by Asian growth.
Russia faces its worst labor crisis in decades, turning to India, Bangladesh, Sri Lanka, and China for workers. The economy needs 11 million more laborers by 2030, driven by demographics and the Ukraine war.
Discover the salary needed to live comfortably in Dubai in 2026, with detailed estimates for singles, couples, and families, covering rent, education, and everyday expenses.
Major central banks adopt a cautious stance amid mixed economic signals, while emerging markets rebound sharply, offering growth and diversification opportunities for investors globally.
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RecommendedIndia's Union Budget 2026 strategically addresses global economic uncertainty while strengthening long-term growth foundations. With 7% GDP growth projected, resilient domestic demand, and expanding international partnerships, India emerges as a stabilizi
US Ambassador Greer welcomes a new trade deal with India, emphasizing tariff reductions and market access for farmers and entrepreneurs in both nations.
European stocks closed higher in a volatile session, led by a rebound in Novo Nordisk and strong construction shares, while autos lagged. The region's equity funds saw their largest inflows since April.
Former US President Donald Trump claims tariffs created an 'American economic miracle,' but data reveals mixed outcomes, cherry-picked inflation figures, and questionable trade deficit reductions.
Despite promises to revive domestic manufacturing, official data shows US manufacturing jobs declined during Trump's second term, raising questions about tariff efficacy.
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RecommendedFollowing President Trump's 2025 'reciprocal tariffs', nations like Germany, UK, and Canada pivot to China, with German investment hitting a 4-year high of €7 billion. Chancellor Merz's upcoming visit underscores deepening economic realignments.
German exports to the United States fell sharply last year due to President Trump's tariffs, shrinking the trade surplus to a four-year low of 52.2 billion euros, while China regained its position as Germany's top trading partner.
Brazil's coffee production is projected to achieve an unprecedented record in 2026, driven by favorable weather and expanded cultivation, according to the National Supply Company (CONAB).
A Federal Reserve Bank of New York analysis shows college graduates consistently outspend non-graduates, highlighting how educational attainment drives economic inequality in the U.S. K-shaped recovery.
European stocks declined sharply as weak US jobs data dampened sentiment, with Novo Nordisk falling due to competition. The Stoxx 600 Index dropped 1%, while the Bank of England held rates amid economic concerns.
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RecommendedThe United States and its international partners have launched coordinated actions to establish secure and resilient supply chains for critical minerals, addressing vulnerabilities and boosting economic security.
US unemployment benefit applications unexpectedly jumped by 22,000 to 231,000 last week as severe winter weather conditions disrupted economic activity across multiple states.
India's approach to international trade deals involves balancing economic interests with strategic diplomacy, leveraging its market size and growth potential to secure favorable terms in global partnerships.
Indonesia's new rules requiring exporters to hold foreign exchange for a year challenge globalization norms. Other Asian economies may adopt similar capital controls as global economic fragmentation grows.
The World Bank warns Pakistan must generate 2.5-3 million jobs annually to employ its youth, totaling 30 million over the next decade, to prevent illegal migration and instability.
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RecommendedIndonesia's economy expanded 5.1% in 2024, driven by government stimulus measures including travel discounts and social aid, though falling short of official targets.
NITI Aayog expert highlights how economically disadvantaged nations struggle for recognition on the world stage, emphasizing the need for strategic economic reforms to enhance global influence.
The United States is spearheading a new critical minerals trading bloc with key allies to reduce dependence on China and secure supply chains for green energy and defense technologies.
European Central Bank and Bank of England expected to maintain interest rates unchanged, mirroring Federal Reserve's cautious stance as weak dollar influences inflation dynamics.
Emerging markets saw a 34% rise in 2025, outpacing developed markets. Factors like a weaker dollar, cheap valuations, and resilience fuel optimism for sustained growth in 2026.
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RecommendedEuropean stocks closed little changed as gains in cyclical sectors like autos and chemicals balanced tech declines. Novo Nordisk plunged 17% on weak sales outlook, while GSK rose on strong earnings.
US State Secretary Marco Rubio convened a historic gathering to address vulnerabilities in global critical minerals supply chains, emphasizing strategic partnerships and diversification to ensure economic and national security.
US Vice President JD Vance emphasized the strategic importance of critical minerals at the inaugural Critical Minerals Ministerial, highlighting their role in clean energy and national security.
A 2025 survey shows 88% of central bank managers see permanent consequences from reserve weaponization, with 76% citing US sanctions risk as significant, fueling China's de-dollarization efforts during Japan's currency turmoil.
The Strait of Hormuz is a narrow waterway crucial for global oil transport, handling about 20% of the world's supply. Its strategic location makes it a geopolitical flashpoint, impacting energy security and international trade.
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RecommendedEconomist Peter Schiff argues China's efforts to internationalize the yuan through currency swaps, oil trade, and payment systems mark a strategic shift away from dollar dependence, potentially reshaping global finance.