The forecast for 2025 is broadly unchanged from that in the October 2024 World Economic Outlook (WEO), primarily on account of an upward revision in the United States offsetting downward revisions in ...

The Central Board of Direct Taxes (CBDT) has clarified its stance on Principal Purpose Test (PPT) regarding Double Taxation Avoidance Agreement (DTAA), stating that it will be applicable prospectively ...

This stance has been made clear in a new circular by the Central Board of Direct Taxes where it has clarified the applicability of the provision of the Principal Purpose Test (PPT) that seeks to ...

The Trump Economy presents opportunities and risks for investors. The upper-middle class can benefit from making the following money moves. Diversify Assets Outside of the US Financial Systems ...

As global elites gather this week in the ski resort town of Davos, Switzerland, for the annual World Economic Forum, our global context couldn’t be more alarming. Billionaire wealth has risen three ...

Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus. By Keith Bradsher Reporting from ...

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump ...

Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes Effect of rate hikes ‘has been much weaker than the economics textbook would have predicted,’ according to ...

Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, described the world’s No. 2 economy as being in a recession, if not a depression. Bessent, in further bearish ...

Even as the global economy stabilizes in the next two years, developing economies are expected to make slower progress in catching up with the income levels of advanced economies. The global economy ...

The most important European data release was the confirmation from Germany that, during 2024, its economy contracted for the second consecutive year. Europe's largest economy shrank by 0.2% during ...

The UK economy grew slightly in November after it shrunk in both October and September, latest official figures show. Gross domestic product (GDP) rose by 0.1 per cent, according to figures ...