Investors have scaled back their allocation to equities as pessimism has reached "dire" levels due to cloudy economic outlook, according to the latest Bank of America (BofA) monthly global fund manager survey that covered nearly 300 money managers with combined assets of $800 billion. The survey showed that the expectations for global growth and profits are at all-time lows and cash levels are at highest since the 9/11 attacks. Interest rate hikes by central banks, the unwinding of an easy monetary regime, disruptions in global supply chains, and fears of recession have heightened market volatility since the beginning of the year.
'Clearly, from the Indian viewpoint, the US retrenchment from Asia cannot be happening as good news.' 'The abandonment of the US' pivot to Asia exposes the US-Indian partnership to be a mere transactional relationship,' says Ambassador M K Bhadrakumar
Former FIFA executive committee member Chuck Blazer was banned for life from all football activities on Thursday by the sport's governing body, which is engulfed in a scandal over alleged corruption.
From witnessing the dawn of Independence to playing host to annual Republic Day celebrations for over seven decades, the historic Rajpath in India's power capital has seen the colonial rule and basked in the glory of a free, democratic nation.
Former FIFA president Sepp Blatter will discover on Monday whether he has won his appeal against a six-year ban from football imposed for ethics violations amid the biggest corruption scandal ever to shake the world soccer body.
US President Joe Biden on Wednesday announced that the US will allocate 75 per cent - nearly 1.9 crore of the first tranche of 2.5 crore doses - of unused COVID-19 vaccines from its stockpile through the UN-backed COVAX global vaccine sharing programme to countries in South and Southeast Asia as well as Africa.
The BJP-led Centre sent the CBI to conduct searches at Deputy Chief Minister Manish Sisodia's residence here just after the New York Times published a positive story in its front page about the Delhi model of education, AAP leaders said.
A look at ten of America's most famous fraudsters, and how they were dealth with by US courts of law.
Toomey said he has personally witnessed the spirit of Sikhs and has come to better understand the Sikh tradition that is founded on equality, respect, and peace.
"Throughout our history we've learned this lesson -- when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising," Biden said addressing the joint session of the Congress in his first State of the Union.
Delhi born and schooled Nand Mulchandani, who has more than 25 years of experience in Silicon Valley and at the Pentagon, has been appointed as the Central Intelligence Agency first-ever Chief Technology Officer.
In a notification, the Union home ministry said that Hafiz Talha Saeed, 46, has been actively involved in recruitment, fund collection, and planning and executing attacks by the Lashkar-e-Tayiba in India and Indian interests in Afghanistan.
Formal discussions over a possible joint US-Canada-Mexico bid are likely to start in 2017 once "all the rules and regulations" related to the bid are announced.
Seattle has become the first US city to outlaw caste discrimination after its local council passed a resolution, moved by an Indian-American politician and economist, to add caste to its non-discrimination policy.
President Donald Trump's controversial immigration policies could hurt an expected U.S. bid to host the 2026 World Cup although plenty of time remains for concerns to ease before the decision by world soccer's governing body FIFA.
World soccer's governing body FIFA has hired a former New York prosecutor to represent it as senior officials face bribery and corruption charges in a US court, a person familiar with the matter said.
Switzerland extradited a former Costa Rican soccer boss to the United States on Friday and approved the handover of a former South American federation chief to Uruguay in the latest judicial steps in the corruption scandal that has engulfed the sport.
Biden's remarks could be seen as a setback to the Shehbaz Sharif government's bid to improve ties with the US.
Presiding over the third Atal Bihari Vajpayee memorial lecture that was delivered by former Singaporean diplomat Bilahari Kausikan in New Delhi, Jaishankar also hailed Vajpayee's stint as an external affairs minister, and his role in strengthening India's ties with the United States and Russia.
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
The sanctions have a singular purpose, denying the world's largest state sponsor of terrorists the capacity to do things like they did this past couple weeks, attempted assassination campaign in the heart of Europe, said US Secretary of State Mike Pompeo.
Project Vivaan won big at the Solar Decathlon, placing second overall (and missing the first position by a whisker). Members of the award-winning Team Shunya tell Mrigank Warrier how they built a carbon-neutral, water-neutral, energy-positive home for a family of four.
Switzerland are unlikely to face the same hostility when they face already-eliminated Costa Rica in Group E of the World Cup on Wednesday.
Domestic carriers, including newly-launched AirAsia India and regional airline Costa too have lowered their fares through these offers
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
Raising pro-Khalistan slogans, the protesters on Sunday broke open the makeshift security barriers raised by the city police and installed two so-called Khalistan flags inside the Consulate premises. Two consulate personnel soon removed these flags.
Mexico's Oribe Peralta and Alex Morgan of the United States were named winners of the inaugural CONCACAF Male and Female Player of the Year awards on Friday.
If you are serious about countering the Chinese threat, then the best weapon is investing in real freedom, plurality, elections and democracy. Unfortunately, it isn't an approach all Indians currently seem to agree on, asserts Shyam G Menon.
India has been at the forefront of efforts at the UN to push for urgent long-pending reform of the Security Council, emphasising that it rightly deserves a place at the UN high table as a permanent member.
As well as UEFA, the continental confederations representing South America (Conmebol), North and Central America and the Caribbean (CONCACAF), and Asia (AFC) have all reportedly told Platini they would back his candidacy for FIFA president. The other two confederations are Africa's CAF and Oceania's OFC.
Indian frontline benchmarks - the S&P BSE Sensex and the Nifty50 - have rallied around 12 per cent each since June-end and outperformed their global peers by a wide margin. On Thursday, the US Fed hiked interest rates by another 75 basis points (bps) - the third such hike this year - and surprised the markets by projecting further sizable hikes in the coming months. With the latest hike, the Fed fund rate (FFR) now stands in the range of 3 - 3.25 per cent and is highest since January 2008.
Mexico fights back, says it will 'not pay for any wall'
The Reserve Bank on Monday asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency. Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central bank said in a circular. "In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR," it said.
In a major move that will benefit hundreds and thousands of Indian IT professionals in America, the Biden administration has introduced an ambitious immigration bill in Congress which among other things proposes to eliminate the per-country cap for employment-based green cards.
'With English the most rapidly growing medium of instruction in India's schools and accounting now for more than one-sixth of the total (next only to Hindi, which accounts for a half), India is not about to turn its face away from a language that has global currency,' notes T N Ninan.<
Monkeypox is a viral zoonosis (a virus transmitted to humans from animals) with symptoms similar to those seen in the past in smallpox patients, although it is clinically less severe.
The US president called Jim Acosta a 'rude, terrible person' after he refused to give up a microphone while trying to ask a question.
The projectile, fired by some unidentified people, hit the Saanjh Kendra adjoining the Sarhali police station on the Amritsar-Bathinda highway on Friday night.
The unalloyed truth about the Ukraine-Russia conflict is that it is a war that Russia cannot lose and Ukraine cannot win, observes Colonel Anil Athale (retd).
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