Economy

Economy Latest News

Defiant Adani says committed to compliance after US indictment
Defiant Adani says committed to compliance after US indictment
by  AFP

Indian billionaire Gautam Adani on Saturday said "attacks" on his company made it "stronger", days after US prosecutors accused him and other officials of fraud. "What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group," he said at an awards ceremony in the northern Indian city of Jaipur.

US 'Black Friday' online spending put at record $10.8 bn
US 'Black Friday' online spending put at record $10.8 bn
by  AFP

American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday. As Black Friday promotions continue, online consumers are expected to spend an additional $5.2 billion on Saturday and $5.6 billion on Sunday, Adobe said.

Romania's economic troubles fuel far-right rise
Romania's economic troubles fuel far-right rise
by  AFP

In a working class neighborhood of Bucharest, pensioners like Ana Sandu wait for the afternoon to buy food when prices are lower, as inflation dampens hopes of a better life in the EU state heading into key elections.

Trudeau in Florida to meet Trump as tariff threats loom: media
Trudeau in Florida to meet Trump as tariff threats loom: media
by  AFP

Canadian Prime Minister Justin Trudeau arrived in Palm Beach, Florida, on Friday for what Canadian and American media said was a meeting with US President-elect Donald Trump at his Mar-a-Lago luxury estate. According to the website Flightradar, the Canadian leader's plane landed at Palm Beach International Airport late in the afternoon.

Global wine output to hit lowest level since 1961
Global wine output to hit lowest level since 1961
by  AFP

Global wine production is set to fall again this year to its lowest level since 1961 due to climate change, the International Organisation of Vine and Wine (OIV) said Friday. "The preliminary estimates reveal a complex landscape of climatic disruptions across EU wine regions due to climate change," it said.