Wion Business Wrap | China’s economic woes, Argentinians ‘ preference for used clothing, and more

November 24, 2023

This routine compilation of international stories from the fields of business and economy is provided to you by WION’s Business Desk.

India’s wholesale inflation reaches a four-month lower in October, getting close to RBI’S goal.

India’s retail prices underwent a decline in October, reaching its lowest point in four months and getting closer to the central bank-targeted 4 %, which was deemed necessary before taking interest rate reductions into account.

PRS Oberoi, a pioneer in opulent kindness, dies at the age of 94.

At the age of 94, Prithvi Raj Singh Oberoi, also known as the “doyen of Indian generosity,” passed away on Tuesday night. His tradition changed the way luxury hotels are viewed both in India and abroad.

Direct flights between China and the US jump as prices fall, improving travel prospects

A rise in direct passenger flights between China and the United States is expected to be reported by the Civil Aviation Administration of China ( CAAC ), signaling an improvement in connectivity. In the winter and spring of 2023 and 2024, there would be an increase in the number of standard direct flights from 48 to 70 per year.

Sri Lanka’s optimistic resources for 2024 aims for increased income and a restrained imbalance.

The Sri Lankan government has unveiled its ambitious 2024 budget, which aims to reduce the country’s deficit while projecting a sizeable increase in revenue that is essential to maintaining its International Monetary Fund ( IMF) loan program.

Argentinians are switching to used clothes.

Argentines are increasingly turning to second-hand clothes markets as a result of rising prices, not only to find cheap clothing but also to make extra money by selling their used clothing.

Google discloses competitive test and pays Apple 36 percent of search marketing income.

According to the competitive trial conducted by the US Justice Department, Alphabet’s Google pays Apple about 36 % of the money made from search marketing through the Safari website.

Researchers at Boston University claim that despite China’s pledge to stop financing foreign coal and support clean energy projects, its development banks have yet to invest in renewable projects.

China observes an exodus of investment as international athletes change

A paradigm change in the world economy is being signaled by foreign companies quickly withdrawing their assets from China. The country’s unparalleled$ 11.8 billion foreign investment deficit, which is a stark departure from its historical changes, is raising questions and compel us to look more closely at the underlying causes.

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