Economy

Holiday shopping starts with spirits that dampen inflation

Holiday shopping starts with spirits that dampen inflation

NEW YORK (AP) — While Black Friday will mark a return to typical holiday shopping habits, uncertainty remains. The US labor market remains strong, consumer spending is resilient and inflation is moderating. But high prices for food, rent, gasoline and other household expenses weighed on buyers. As a result, many are hesitant to spend unless …

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Reviews |  India needs to restart manufacturing.  Here's how.

Reviews | India needs to restart manufacturing. Here’s how.

Comment this story Comment Dhiraj Nayyar is the Director of Economics and Policy at Vedanta Resources. If the Indian economy has one Achilles heel, it is the country’s manufacturing sector. Despite rapid economic growth since the start of market-friendly reforms in 1991, manufacturing’s share of India’s gross domestic product has remained stubbornly low at around …

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New Malaysian Prime Minister Anwar pledges to heal divided nation and economy

New Malaysian Prime Minister Anwar pledges to heal divided nation and economy

KUALA LUMPUR, Malaysia (AP) — Longtime reformist leader Anwar Ibrahim was sworn in as Malaysia’s prime minister on Thursday and pledged to heal a racially divided nation, fight corruption and revive an economy struggling with the rising cost of living. His rise to the top was a victory for political reformers who have been locked …

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