Billionaire Bill Ackman defended Elon Musk after Senator Bernie Sanders criticized Musk's trillionaire status, calling it a "call to action" against wealth inequality. Ackman argued Musk's companies create societal value, citing SpaceX's Starlink internet and the creation of new millionaires.
Noida International Airport in Jewar began commercial flight operations on Monday with an IndiGo flight from Lucknow. The inaugural flight carried local farmers who gave up land for the project. The airport aims to become an aerotropolis and ease traffic at Delhi's IGI Airport.
Finance Minister Nirmala Sitharaman countered Rahul Gandhi's economic criticism, asserting India is the world's fastest-growing major economy. She cited GDP growth, IMF data, and digital initiatives like JAM and UPI to showcase economic resilience and welfare delivery.
India's Chief Economic Advisor V. Anantha Nageswaran highlights rising obesity and sedentary lifestyles as a greater concern than aging before wealth. This health challenge impacts productivity and economic growth, with only 6% of Indians exercising. He urges incorporating physical activity into daily routines for "hidden growth potential" in Viksit Bharat.
Finance Minister Nirmala Sitharaman defended the Modi government's economic record against Rahul Gandhi's criticism, highlighting India's growth amid global challenges and accusing Gandhi of undermining national achievements. She cited poverty reduction, infrastructure development, and digital progress as key successes.
Hong Kong's leader expressed optimism about the economy's strong rebound, highlighting the city's first five-year plan to ensure policy continuity and align resources with national and global developments. He noted challenges but pointed to a positive economic outlook and government growth forecasts.
MÜSİAD organized a gala dinner in North Rhine-Westphalia, Germany, as part of its "Europe and Balkans Expanded Consultation Board" meetings. MÜSİAD Chairman Burhan Özdemir highlighted the organization's significant contribution to the Turkish economy, while board member Sırakaya emphasized Turkey's development over the last 25 years, noting that Turkish entrepreneurs abroad provide 750,000 jobs and contribute $75 billion to GDP.
Former RBI Governor Raghuram Rajan expressed skepticism about India's high economic growth figures, pointing to weak corporate investment and declining foreign capital as inconsistencies. He highlighted a lack of a clear economic roadmap and warned of vulnerabilities from the Middle East conflict.
Former RBI Governor Raghuram Rajan expresses skepticism over India's reported 7.7% economic growth, citing weak corporate investment and declining foreign capital inflows, suggesting a disconnect between official data and ground realities.
J&K CM Omar Abdullah met PM Narendra Modi in New Delhi to discuss restoration of statehood, the economy, and development. Abdullah also met Rail Minister Ashwini Vaishnaw to request increased train services in the Kashmir Valley.
S&P Global Ratings reports India's robust economic growth is mitigating fiscal challenges for state governments, keeping credit risks manageable despite persistent deficits and debt.
The World Bank forecasts global economic growth to slow to 2.5% this year, citing the Middle East war, rising inflation, and borrowing costs. The report highlights potential disruptions to oil flows, increased fertilizer prices, and a widening gap between developed and developing nations.
The World Bank forecasts global economic growth to slow to 2.5% in 2026, the lowest since the COVID-19 pandemic, due to Middle East conflict and rising energy prices. Inflation is expected to rise to 4.0% this year.
KKR's mid-year report predicts AI will drive a productivity boom, but warns this growth may concentrate in fewer sectors, potentially leading to extreme economic shifts not seen since the 1870s. Defense and power sectors are identified as long-term winners.
Germany's economic recovery is weaker than anticipated, with experts at DIW halving their growth forecast to 0.5% for the year. Energy prices and structural issues are blamed, while public spending props up growth.
Huddersfield University is becoming a hub for health research and tech development, attracting private sector investment. The university's innovation campus, featuring facilities like an MRI simulator and community diagnostic centre, aims to boost regional productivity and economic growth.
Russian President Vladimir Putin stated that India's growing cooperation with the US does not harm its ties with Russia, and attempts to pressure New Delhi will fail. He highlighted India's strong economic growth and expressed confidence in reaching $100 billion in bilateral trade.
Russian officials, including Finance Minister Anton Siluanov and Economic Development Minister Maxim Reshetnikov, discussed the contours of a new economic growth model at the SPIEF-2026 forum. They acknowledged the need to constantly adjust the economic model due to global events and crises.
A statement highlights that BRICS nations now account for 50% of global economic growth, while the G7 countries contribute less than 20%.
Australia's Q1 GDP grew 0.3%, driven by datacentre investment in machinery and equipment. This surge raises climate concerns, as datacentres are projected to significantly increase electricity consumption and greenhouse gas emissions, potentially derailing climate goals.
Vietnam's government is ensuring electricity and fuel supply amidst global volatility and heatwaves. PM Lê Minh Hưng urged the Ministry of Industry and Trade to expedite key energy projects and resolve issues with wind and solar power projects.
The OECD warns that the Middle East conflict is dampening global economic growth prospects. A prolonged war could slow growth to 2.1% in 2025, impacting developing nations and potentially leading to higher unemployment.
The OECD warns the UK faces diesel shortages, especially in rural areas, due to the Iran conflict. It forecasts modest UK growth but notes risks to energy supplies and higher food prices.
Europe saw a 7% drop in new foreign investment projects in 2025, reaching an 11-year low. France led with 852 projects despite a 17% decrease, followed by the UK and Germany. The US remains the top investing nation in Europe.
