The Reserve Bank of India (RBI) on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.
A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.
Government spending in the north of England has fallen by £6.3 billion while the southeast and southwest of England have seen an increase of £3.2 billion since 2009-10, according to an analysis of official figures.
Cuts to public services and benefits in the UK that disproportionately affect the least well-off, single parents and disabled people put the government in breach of its human rights obligations, a study for the UK equalities watchdog found.