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Unnamed Indian officials have confirmed that the country will institute tariffs on a handful of U.S. agricultural and manufacturing goods in response to the White House revoking its benefits under the U.S. Generalized System of Preferences, the Times of India reported June 14.
The growth of India's gross domestic product was overstated by about 2.5 percentage points each year from fiscal 2011/12 to 2016/17, Arvind Subramanian, the former chief economic adviser for Prime Minister Narendra Modi, wrote in an op-ed published June 12 in The Indian Express.
In this guest column, Patrick Schaefer, the Executive Director of the Hunt Institute for Global Competitiveness, discusses a strategy for derisking the cross-border banking industry between the United States and Mexico.
Rather than make painful fiscal reforms that could upend fragile political balances, Lebanon's sects would prefer to wait for foreign aid. But in a changing region, another financial rescue may not come.
U.S. President Donald Trump will end preferential trade treatment for India next week that allowed the country to export nearly 2,000 products to the United States duty-free, Bloomberg reported May 31.
India's economy expanded by 5.8 percent during the fourth quarter of its fiscal year (January through March 2019), marking its slowest growth rate in more than four years, according to a May 31 release by the Indian National Statistics Office.
For the past 60 years, Algeria's national oil company has used its influence to limit the extent of energy reforms. Such political sway will continue to shield Sonatrach as Algeria charts a new political future.
The top U.S. defense official has accused Russia of violating the Comprehensive Nuclear-Test-Ban Treaty, setting up the possibility of an eventual withdrawal that would significantly escalate the global arms race.