World economy
European Central Bank set to cut rates for the first time since 2019
President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024. Kirill Kudryavtsev | Afp | Getty Images FRANKFURT — The European Central Bank this week is set to cut borrowing […]
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Mexico retains historic election in race mainly overshadowed by violence
Former Mexico City mayor Claudia Sheinbaum speaks following being named presidential candidate of the ruling Morena occasion for next year’s presidential election in Mexico Town on September 6, 2023. Claudio Cruz | Afp | Getty Illustrations or photos Voters in Mexico are taking part in the country’s largest election ever — casting votes Sunday to fill far […]
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South Africa’s ruling ANC loses majority in country’s most sweeping political shift in 30 years
Voters during the South Africa General Elections on May 29, 2024 in Johannesburg, South Africa. Gallo Images | Gallo Images | Getty Images South Africa’s governing African National Congress lost its parliamentary majority of 30 years, in the country’s most sweeping political shift since the end of the apartheid. Popular support for the ANC during […]
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Modi’s BJP-led alliance projected to win parliamentary majority in India’s election, exit polls show
Indian Prime Minister Narendra Modi addresses a public meeting at Jerenga Pathar in the Sivasagar district of India’s Assam state on Jan. 23, 2021. Biju Boro | AFP | Getty Images India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya […]
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South Africa’s election portal resumes showing partial results after brief glitch
Voters during the South Africa general elections on May 29, 2024 in Johannesburg, South Africa. Gallo Images | Gallo Images | Getty Images Live updates of partial results from South Africa’s parliamentary election reappeared on the electoral commission’s website, following a glitch of at least two hours. The prints are closely watched amid early indications […]
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France is aiming to become a global AI superpower — but not without help from U.S. Big Tech
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp | Getty Images PARIS — France is touting itself as the next artificial intelligence superpower. [style note: Paris stands alone in datelines] The Viva Technology […]
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CNBC’s Inside India newsletter: Could markets sink even if Modi wins?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Women voters stand in line at a polling station during the sixth phase of […]
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S&P upgrades outlook on India’s sovereign rating to ‘positive’
Narendra Modi, India’s prime minister, arrives at the Bhartiya Janata Party (BJP) headquarters in New Delhi, India, on Sunday, Dec. 3, 2023. India’s ruling Bharatiya Janata Party won three crucial state elections and unseated the opposition in two of them, strengthening Modi’s bid for a third term in office. Prakash Singh | Bloomberg | Getty […]
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South Africa’s ruling ANC set to lose majority in pivotal vote, early projection shows
Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa. J. Countess | Getty Images News | Getty Images South African’s governing African National Congress appears set to lose majority control in the country’s most seismic political transition since the end of the apartheid. Early indications from […]
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Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, […]
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