Due to the economic downturn, jobs in Surat's synthetic textile industry are threatened

The synthetic textile sector in Surat, which accounts for around 90% of India's synthetic fabrics, is experiencing a downturn. Several manufacturing facilities in the vicinity have closed down due to lack of customers, putting many people out of work. According to Indo-Asian News Service, tho...

Appeal for incentive amongst industrial crash

For the first time in the consecutive months since 2015, Australian manufacturing activity contracts fresh calls for a fresh boost. Industry groups say that a year-end downturn in production represents a clear warning that there is an increasing risk of a broader economic downturn.

In D...

UK economy experienced an unprecedented downturn as the Brexit effect strengthens

United Kingdom's economy has experienced its worst three months for over a decade, after an unprecedented downturn in October in the face of Brexit's ongoing turmoil and rising global trade tensions.

After contracting in August and September, the economy reported zero growth in ...

Chinese economy continues to slow as it faces multiple pressures in 2019

The Chinese economy continues to slow as it faces multiple pressures in 2019, but with the support of a complex set of stabilizing policies, it also shows resilience. This year, economic growth remained within a rational and controllable range. For China to secure a decisive victory in building a...

India in development downturn; extraordinary centralization of intensity in PMO not great: Raghuram Rajan

NEW DELHI: Former Reserve Bank of India (RBI) senator Raghuram Rajan said India is amidst a "development downturn" with indications of profound disquietude in the Indian economy that is being gone through outrageous centralization of intensity in Prime Minister's Office and weak pas...

The fate of the banks to be decided as they share their earnings

The Banks of the United States has been a very crucial part of the economy and has made the nation a good finance and banking hub. The biggest American banks report earnings this week, and they will probably be hampered by weaker economic growth and lower interest rates. The Federal Reserve ...