Global tourism set for full recovery by end of the year with spending growing faster than arrivals
Around 1.1 billion tourists travelled internationally in the first nine months of 2024, as the global tourism sector recovered 98% of pre-pandemic levels. According to the latest World Tourism Barometer by UN Tourism, a full recovery from the biggest crisis in the sector’s history is expected by the end of the year, despite economic, geopolitical […]
Gelephu Mindfulness City, clean energy, trade: What PM Modi, King of Bhutan discussed in bilateral meet
Bhutanese king’s 2-day India trip comes as Thimphu & New Delhi look to boost their energy partnership. India had announced it would double its financial support to Bhutan over the next 5 years. New Delhi: The Gelephu Special Administrative Region, hydropower and other renewable energy projects, trade and space technology were among the areas that […]
China’s share of global electric car market rises to 76%
China’s share of the global electric vehicle market reached 76% in October, the country’s automotive trade body said, reflecting strong demand for EVs in the country even as western tariffs risk hobbling exports. Between January and October, sales of EVs reached 14.1m units, according to the China Passenger Car Association, with 69% of those sales in China. […]
India’s external debt rises by $31 bn to $647 bn in 2023: World Bank report
India’s total external debt has increased by USD 31 billion to USD 646.79 billion in 2023, according to World Bank International Debt Report. The report further said that interest payment increased from USD 15.08 billion in 2022 to USD 22.54 billion in 2023. While the long-term debt stocks have risen 7 per cent to USD […]
WTTC Calls for Urgent Investment in Coastal Tourism to Combat Climate Change
At COP29’s Ocean Action Day in Baku, the World Travel & Tourism Council (WTTC) emphasized the need for substantial climate investment to safeguard coastal and marine tourism from escalating climate risks. The sector, generating $1.5 trillion annually and supporting 52 million jobs, is vital to the global economy but faces mounting challenges from rising sea […]
How Trump’s Win Could Fuel Musk and Bezos’ India Ambitions
Donald Trump’s return to the White House is expected to bolster the India expansion plans of Elon Musk and Jeff Bezos. With Trump’s pro-American business policies, the regulatory landscape in India may become more conducive for US companies. Musk’s India Prospects Elon Musk, CEO of Tesla and Starlink, has faced hurdles in entering the Indian […]
Musk Claims Bezos Urged Selling Tesla Stocks, Betting on Trump’s Defeat
Tesla CEO Elon Musk alleged that Amazon founder Jeff Bezos advised selling Tesla and SpaceX stocks, believing Donald Trump would lose the November 5 presidential elections. Musk revealed the claim via a post on X (formerly Twitter), stating:“Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that Donald Trump would lose for sure, […]
Kashmir Faces Water Crisis Amid Melting Himalayan Glaciers
Kashmir is grappling with water scarcity as Himalayan glaciers shrink due to rising global temperatures and declining snowfall. The winter of 2023–2024 marked Srinagar’s driest in 58 years, coupled with the hottest June in 18 years, threatening agriculture, fishing, and tourism. Studies reveal glaciers like Kolahoi have lost 23% of their area since 1962, leading […]
BRICS+: A New World Order in the Making?
The recent BRICS summit in Kazan highlighted a seismic shift in global power dynamics. With the addition of Egypt, Ethiopia, UAE, and Iran, BRICS+ now comprises nine member states and 13 partner countries, including Indonesia, Nigeria, Turkey, and Belarus. Together, these nations represent over half the world’s population and a combined GDP surpassing that of […]
Donald Trump Poised for U.S. Presidency: What It Means for India
With Donald Trump likely to reclaim the White House, investors see potential shifts for India. Hong Kong SAR investor Adrian Mowat suggests that Trump’s promise of fresh tariffs on China could boost India’s manufacturing appeal. However, Mowat cautions that Trump might impose similar tariffs on U.S. firms with substantial Indian IT operations. In his prior […]