Slowdown

Troubled aviation giant Boeing announced a first-quarter loss of $343 million on Wednesday, reflecting recent safety challenges that have resulted in decreased production and deliveries.

Nike is cutting 2% of its current workforce as it looks to reinvest in its growth areas and streamline its business. The sneaker giant is contending with a slowdown in consumer spending and looking to save $2 billion over the next three years as part of a restructuring plan.

The Narendra Modi government released a White Paper on the Indian economy, criticizing the previous Congress-led United Progressive Alliance (UPA) government's economic policies. The report highlighted how the UPA government failed to capitalize on economic growth and created hurdles for the economy.

India, recognized as the world's fastest-growing major economy, has undergone substantial infrastructure expansion under Prime Minister Narendra Modi's leadership, aiming to attract global capital and divert supply lines from Beijing.

Observing the swift growth of the Indian economy amidst a global slowdown, the Confederation of Indian Industry (CII) has put forth several policy recommendations for the Narendra Modi government. These suggestions are anticipated to be potentially announced in the upcoming Interim Budget 2024.

"China was our (Maldives') number one market pre-Covid, and it is my request that we intensify efforts for China to regain this position," a readout posted on Maldives President Mohamed Muizzu's official website stated.

The article discusses the inauguration of the Surat Diamond Bourse, surpassing the Pentagon in size, and explores its significance in shaping Surat's ambitions to become the global hub of the diamond trade, while also addressing challenges and geopolitical factors affecting the diamond industry.

Speaking at the World Russian People's Council in Moscow recently, Vladimir Putin addressed the declining birth rate since the 1990s and the toll of over 300,000 casualties from the ongoing Ukraine War.

Leaders such as US President Joe Biden, UK Prime Minister Rishi Sunak, and numerous other heads of state will gather to address a range of topics, including geopolitical tensions, economic slowdowns, and the growing concerns surrounding rising food and energy prices.

Discover the alarming health risks tied to rapid weight loss. From nutritional deficiencies to heart arrhythmias, explore the dangers of quick fixes and the importance of sustainable approaches for overall well-being

Hollywood's actors and writers have gone on a strike simultaneously, impacting movie and TV productions, with potential international ramifications and the involvement of A-list stars.

Saudi Arabia has cut oil production by 1 million barrels per day in an attempt to raise oil prices officially kicked off on 1st July. However, such moves could backfire if oil prices increase too much and could anger China which is the number one buyer of crude oil from Saudi Arabia. Girish Linganna reports 

Nirmala Sitharaman unveiled the Union budget for fiscal 2023/24 that aims to boost growth amid concerns about the impact of the global slowdown on the Indian economy. Green growth efforts to help reduce carbon intensity; create green job opportunities, said FM Sitharaman while presenting the Union Budget.
 

The GDP projection comes even as the International Monetary Fund reported on Tuesday that it expected some slowdown in the Indian economy next fiscal year and projected the growth to be around 6.1 per cent. 

Micro, Small and Medium Enterprises (MSME) minister Narayan Rane, on Monday, said that if India faces an economic recession, it will happen only after June; however, the central government was trying to avoid the situation.