Monday, October 21

Tag: growth

Fitch cuts China’s ratings outlook on growth risks, debt fears
10Apr By adminNo Comments
Business

Fitch cuts China’s ratings outlook on growth risks, debt fears

Fitch Ratings Agency on Wednesday cut China's sovereign credit outlook to negative, pointing to escalating risks surrounding the country's public finances. This decision, which Beijing quickly labeled as "regrettable," underscores the mounting concerns over China's economic stability, especially amid a persistent property sector crisis threatening broader financial repercussions.Economic headwinds and policy responsesChinese authorities have been grappling with stimulating economic growth while navigating through various challenges, including the real estate sector's downturn.Despite deploying targeted measures and issuing billions in sovereign bonds to fuel infrastructure and consumer spending, experts argue that significant additional efforts are required.In a recent economic target set...
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India’s Q2 growth rate highest in world; fundamentals strong: FM Sitharaman
7Dec By adminNo Comments
Business

India’s Q2 growth rate highest in world; fundamentals strong: FM Sitharaman

Addressing the winter session of the Parliament on Thursday, Finance Minister Nirmala Sitharaman stated that not only India was the fastest-growing economy in the world but also it had the highest growth rate in the second quarter of the current financial year (Q2FY24) in the world. The finance minister spoke on the progress made by the Indian economy under the Prime Minister Narendra Modi-led central government, stating that the country's economy had grown from the tenth largest in 2014 to the fifth largest economy in 2023. Moreover, India had the most significant growth in the July-September quarter at 7.6 per cent. Sitharaman said, "India's second quarter growth is the highest in the world as India continues to be the fastest-growing economy. The third and fourth largest ec...
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Dollarization Is About Who Pays to Clean Up Argentina’s Mess
23Nov By adminNo Comments
Business

Dollarization Is About Who Pays to Clean Up Argentina’s Mess

Javier Milei knows how to create a stir. Not only has Argentina’s president-elect shaken up his own country’s politics. He also has sparked a global debate about inflation, economic reform and dollarization—and, even more unusual, an interesting debate about these things. It’s a Thanksgiving-week miracle.Critics of Mr. Milei’s pledge to ditch the dysfunctional peso and embrace the almighty dollar have focused on relatively narrow questions: whether Argentina holds enough dollar reserves to implement such a policy, whether it is likely to have the fiscal discipline to sustain it, whether the banks could survive it, and so on.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Growth: India’s AlcoBev market size of $52.4 billion targeted to touch astounding $64 billion by 2030
1Nov By adminNo Comments
Business

Growth: India’s AlcoBev market size of $52.4 billion targeted to touch astounding $64 billion by 2030

MUMBAI: A report by International Spirits & Wines Association of India (ISWAI), the apex body of the premium AlcoBev sector, has suggested that with an estimated market size of $52.4 billion in 2021, roughly 2% of the country's nominal GDP, the Indian AlcoBev industry was significant and burgeoning (INR 3.9 lakh crore, including country liquor). Projections in the report suggested that the Indian alcoholic beverage industry could reach an astounding $64 billion over the next five years, ensuring India's position as the fifth-largest contributor to global market revenues in the near to medium term.Report titled “Economic Value of the Indian Alcoholic Beverage Industry”, was unveiled recently at the hands of Amitabh Kant, G20 Sherpa and former CEO, NITI Aayog.The comprehensive report ta...
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Radisson Hotel Group reveals growth plans for the Middle East – Business Traveller
28Sep By adminNo Comments
Travel

Radisson Hotel Group reveals growth plans for the Middle East – Business Traveller

At the recently concluded Future Hospitality Summit 2023 held in Abu Dhabi, Radisson Hotel Group said that it aims to reach 100 operational hotels in the Middle East by 2026. By 2030, it said that it plans to have a portfolio of 150 operational and under development properties across the Middle East. The group’s current portfolio includes 77 properties in the Middle East comprising over 11,619 keys. In Saudi Arabia, the group’s upcoming opening includes Park Inn by Radisson Makkah Thakher East, in Makkah. It is also planning another property in Makkah with the anticipated debut of Park Inn by Radisson Makkah Thaker West. In Jeddah, Radisson is working on the opening of the Vivid Jeddah Hotel under its Radisson Individuals brand which is scheduled to open in the last quarter of 2023. Addi...
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CEO Dube seeks to douse fire lit by lawyers’ closure claims
20Sep By adminNo Comments
Business

CEO Dube seeks to douse fire lit by lawyers’ closure claims

A day after its lawyers declared in the Delhi High Court that Akasa Air might be forced to cease its operations following the resignations of 43 pilots, co-founder and Chief Executive Vinay Dube on Wednesday sought to allay stakeholder concerns. He assured employees in an email that the airline’s future and growth path were intact. The airline's statement in the court that it was in a "state of crisis" and had been cancelling 24 flights a day in September came even as it received permission from the Civil Aviation Ministry on September 11 to start international operations. The airline is looking at South Asian, Southeast Asian, and West Asian destinations for its international flights. The airline is undergoing severe turbulence due to the abrupt resignations o...
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Singapore Airlines network growth continues – Business Traveller
31Jul By adminNo Comments
Travel

Singapore Airlines network growth continues – Business Traveller

Star Alliance member Singapore Airlines Group posted a net profit of S$734 million (US$550 million) in the first three months of its financial year ending 31 March 2024, the highest quarterly performance in its history, amid robust demand for air travel through the mid-year school holidays and the start of the summer travel season. Fleet developments SIA added four aircraft to its operating fleet in the first quarter. These comprise one Airbus A350-900 (delivered in March 2023), two Boeing 787-10s (delivered in April 2023 and June 2023), and a Boeing 737 Max 8 (delivered in February 2022) after its cabin retrofit. SIA Group now has 199 aircraft in its operating fleet, comprising 192 passenger aircraft and seven freighters. SIA’s operating fleet comprises 137 passenger aircraft and seve...
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