U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to lowincome households and new COVID19 infections dropped, setting up the economy for faster growth in the first quarter. Consumer spending, which accounts for more than twothirds of U.S. economic activity, jumped 2.4 last month after decreasing 0.4 in […]

BENGALURU, Feb 26 Reuters Indias economy expanded by 0.4 yearonyear in the OctoberDecember quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday. The readout for the December quarter was a tad lower than the 0.5 growth forecast of analysts in a Reuters poll. COMMENTARY KUNAL KUNDU, INDIA ECONOMIST, SOCIETE […]

Hong Kong residents are buying more houses and apartments to lease out for income in Britain, property agents say, a trend that coincides with what many expect to be a wave of emigration after China passed a national security law last year. Hong Kongers became the fifth largest foreign investors in central London as of […]

President Joe Biden said on Wednesday he would seek 37 billion in funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production. Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that […]