India March Trade Gap Widens For First Time in Four Months
India’s trade deficit widened more than estimated in March, after shrinking for four months as lukewarm demand from Europe and the US weighed on exports.
Bloomberg Business
White House Rejects Fed Staff Outlook, Says No Sign of Recession
The White House said Thursday that data does not indicate a US recession is on the horizon, rebuffing Federal Reserve staff economists who forecast a minor contraction starting later this year.
Britain’s Economy is Stagnating After a Winter of Strikes
The UK economy stalled unexpectedly in February when strikes crippled the public services, leaving little hope for a significant improvement in the lead-up to the next general election.
Didi Shows Driverless Concept Car in Biggest Move Post-Crackdown
Didi Global Inc. rolled out an autonomous car concept and self-driving taxi services Thursday, outlining its first big business foray since becoming a central target of Beijing’s sweeping campaign to rein in powerful tech players.
ECB Must Stay Alert on ‘Sticky’ Core Inflation, Nagel Tells CNBC
The European Central Bank must remain alert with core inflation proving “sticky,” according to Governing Council member Joachim Nagel.
Russian Oil to India May Be Hit by OPEC+ Drive for Higher Prices
The drive by OPEC and its allies to boost oil prices is lifting Russian crude along with it, prompting concerns from India’s banks that cargoes could breach the $60-a-barrel cap.
Car Sales in India Exceed Pre-Covid Levels as Demand Rebounds
Passenger vehicle sales in India surpassed pre-pandemic levels in the year through March as consumer demand recovered and supply disruptions eased.
Credit Investors See Defaults Rising, 84% Chance of US Recession
Credit portfolio managers are forecasting a rise in corporate defaults in the coming year while more than four-out-of-five participants see a chance of a US recession in 2023, according to a survey by the International Association of Credit Portfolio Managers.
Fintech Plots EU Mobile-Payments Revolution From Poland
Poland’s most successful mobile-payment company is starting its international expansion with an ambitious goal to revolutionize cardless transactions across the European Union.
Denmark Joins Nordic Peers in Housing Price Rebound
Home prices in Denmark are rising again as a housing market rebound spreads across the Nordic region following some of the deepest routs in Europe.
