World economy

Modi’s BJP-led alliance projected to win decisive majority in India’s election, exit polls show

India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on…

South Africa’s election portal resumes showing partial results after brief glitch

Live updates of partial results from South Africa’s parliamentary election reappeared on the electoral commission’s website, following a glitch of…

France is aiming to become a global AI superpower — but not without help from U.S. Big Tech

PARIS — France is touting itself as the next artificial intelligence superpower. The Viva Technology conference in Paris last week…

South Africa’s ruling ANC set to lose majority in pivotal vote, early results show

South African’s governing African National Congress appears set to lose majority control in the country’s most seismic political transition since…

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…

South Africans vote in the most pivotal election since the end of the apartheid

Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on…

European banks in Russia face ‘awful lot of risk’, Yellen says

U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is…

British retail sales plunge 2.3% in April, missing estimates

LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…

JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…

Britain’s inflation rate could be about to drop below the Bank of England’s 2% target

LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in…