MUMBAI: Urban consumption, which has been under pressure on the back of high inflation that pushed consumers to cut back on spending, “decelerated” further in the March quarter, weighing on the volume growth of companies, NielsenIQ said in its quarterly FMCG snapshot on Thursday.Rural demand boosted spending on lotions, shampoos, and detergents, even as high…
Kenneth Walker, an Emmy Award-winning journalist whose reporting for the ABC News program “Nightline” helped bring the brutality of South Africa’s racist apartheid system to the attention of the American public, propelling it onto the agenda of U.S. policymakers, died on April 11 in Washington. He was 73. His cousin and executor, Jeff Brown, said…
Microsoft co-founder Bill Gates has announced a new, faster timeline for giving away his vast fortune, highlighting artificial intelligence (AI) as a powerful tool to transform global health and save lives.In a major shift, the Bill and Melinda Gates Foundation will now spend over $200 billion in the next 20 years and shut down operations…
A first-of-its-kind bill to regulate parts of the cryptocurrency industry stalled in the Senate on Thursday, after Democrats blocked it amid concerns in their party about how President Trump and his family are profiting from crypto. On a vote of 48 to 49, the measure failed to muster the 60 votes necessary to advance. It…
Global economic growth is set to slow in the coming months, with major economies such as the United States and China projected to experience notable deceleration. However, India is expected to outpace global peers amid this global downturn, according to a recent report by Kotak Alternate Asset Managers.The report forecasts a 90 basis point slowdown…
On Sunday morning, as Holly LaFavers was preparing to go to church, a delivery worker dropped off a 25-pound box of lollipops in front of her apartment building in Lexington, Ky. And another. And then another. Soon, 22 boxes of 50,600 lollipops were stacked five boxes high in two walls of Dum-Dums. That was when…
In a surprising turnaround, India’s agriculture exports have surged significantly, posting a 30% year-on-year growth on a 3-month moving average basis, according to a new report by SBI Mutual Fund.This marks a strong revival in export volumes and could signal a broader comeback for the sector that struggled with inconsistent growth in recent years.The report,…
President Trump said Britain had agreed to increase market access for billions of dollars of American exports, including beef, ethanol and other farm products under a new trade deal — but left many of the details to be worked out later. The agreement — promoted by Mr. Trump as the first of many that will…
BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…
