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Featured

RBI Data Reveals Divergence in Credit Card Spending and Debit Card Cash Withdrawals

The Reserve Bank of India’s latest data reveals a distinct divergence in payment behaviors: while credit card spending is increasingly shifting toward online channels, debit cards remain predominantly used for cash withdrawals. In September 2026, India held over 125 million credit cards and more than 1 billion debit cards, yet the utility of these instruments differed significantly across digital and physical transaction types.

First-time boat buyers advised to assess full ownership costs

Buying a first boat is one of those purchases that arrives with a particular quality of excitement that makes careful financial planning feel like an obstacle rather than a preparation. The boat is there, it’s the right size, it’s in reasonable condition, and the idea of being on the water by the weekend is considerably more compelling than the idea of spending another two hours reading about comparison rates.

Last news

Fed says central bank digital dollar could offer benefits

An official US digital currency could offer potential benefits to American consumers and businesses, but it is not clear they would outweigh the potential risks, the Federal Reserve said Thursday.

Tears for Virgil Abloh at posthumous Paris show

There were tears on the catwalk on Thursday as the final Louis Vuitton show by US designer Virgil Abloh, whose death shocked the industry last year, drew rapturous applause at Paris Fashion Week.

Teen pilot completes round-the-world feat

Beaming and waving her arms in the air, teenage pilot Zara Rutherford was euphoric Thursday after completing a solo, round-the-world flying odyssey with the dream of getting into the record books.

US existing home sales end banner year with slump

The US real estate market last year saw the most existing homes sold in 15 years, even as sales slumped in the final month of 2021, according to industry data released Thursday.

Russia's central bank calls for crypto crackdown

The Russian central bank proposed Thursday cracking down on cryptocurrencies, a move which if adopted could disrupt the burgeoning virtual money sector as Russia is one of the largest crypto-mining nations in the world.

American Airlines suffers loss as Omicron clouds outlook

American Airlines reported another quarterly loss Thursday after the latest Covid-19 surge dented demand at the end of the year, but said consumers were booking more trips for the spring.

Da Vinci should grace new euro notes, says Lagarde

European Central Bank chief Christine Lagarde suggested Thursday that Renaissance master Leonardo da Vinci and pioneering French politician Simone Veil appear on the new euro banknotes, as she waded into a politically sensitive topic.

European stocks mostly fall after Wall Street losses

European stock markets mainly fell Thursday with sentiment jarred by sliding shares on Wall Street, which was rocked by surging global inflation and the prospect of rising interest rates.

Emirates to resume US flights after 'temporary' 5G reprieve

Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the launch of 5G networks was delayed near American airports over safety fears.

French court says Twitter must reveal measures on online hate

A Paris court on Thursday ruled that Twitter must reveal its measures for fighting hate speech, in one of several cases thrashing out whether the French justice system has jurisdiction over the US social media giant.

Amazon may quit African HQ deal if blocked, Cape Town court hears

Online retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town, if a legal challenge by indigenous activists is allowed to proceed, a Cape Town court heard Thursday.

Stay or go? Dilemma facing last of the Afghan Sikhs

The caretaker of the last Sikh temple in Kabul to regularly host open prayer surveysthe cavernous hall where throngs once gathered in worship.

South Africa's luxury dog hotels give paws for thought

Three dachshunds lay claim to a big bed, while an agitated mongrel yaps constantly and a miniature schnauzer appears disgruntled despite soothing Bob Marley tunes playing over the stereo.

China cuts lending rates, boosting property firms

China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy, providing some much-needed support to the country's beleaguered developers.

Women barred from front seat of trucks in Ugandan city

A traders association in northern Uganda has banned women from riding up front in trucks after deciding that short skirts and bare thighs could be distracting drivers and causing accidents.

5G launches in US without huge impact on flights

Telecom giants AT&T and Verizon began 5G service in the United States Wednesday without major disruptions to flights after the launch of the new wireless technology was scaled back.

Biden warns of 'disaster for Russia' if they invade Ukraine

US President Joe Biden said Wednesday that he expects Russia to "move in" on Ukraine but warned that Moscow will pay a stiff price for a full-blown invasion.

Unilever won't up £50 bn offer for GSK-Pfizer unit

Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

NBC commentary teams to cover Beijing Olympics from US

US broadcaster NBC will not send any of it specialist commentary teams to cover the 2022 Beijing Winter Olympic due to fears over Covid-19, USA Today reported on Wednesday.

United Airlines reports Q4 loss on latest Covid-19 drag

United Airlines reported another quarterly loss Wednesday on the lingering drag from Covid-19 but offered an upbeat outlook on a travel comeback later in 2022 and in future years.

Wall Street ends lower amid rising oil prices

US stocks reversed course in Wednesday's trading session, ending lower for the second day amid rising oil prices and fears that the Federal Reserve will have to move more aggressively to contain inflation.

Peru demands Spain's Repsol pay for oil spill damage

Peru demanded compensation Wednesday from Spanish energy giant Repsol over an oil spill caused by freak waves from a volcanic eruption near Tonga in the South Pacific.

UK inflation hits decades high in cost-of-living squeeze

The annual rate of inflation in Britain rose to a near 30-year high in December, official data showed Wednesday, stoking fears about a cost-of-living squeeze as wages fail to keep pace.

Microsoft muscles in on first wave of the metaverse

US tech giant Microsoft's $69 billion purchase of Activision this week rocked the video game sector, but the deal may come to be remembered as the moment the metaverse went mainstream.

Retirements common factor in US, UK labor shortage: IMF

An exodus of older workers is the "common thread" behind the baffling labor shortages faced by companies in the United States and Britain, the IMF concluded in a report released Wednesday.

French champagne houses toast record sales

French champagne sales rebounded last year to reach a record 5.5 billion euros ($6.2 billion) as demand soared despite the lingering impact of Covid restrictions that weighed on restaurants and bars, producers said Wednesday.

Omicron will pinch, not derail US economic growth: Yellen

The latest coronavirus variant will weigh on US economic growth in the months ahead but will not derail it, Treasury Secretary Janet Yellen assured the nation's mayors Wednesday as they gathered in Washington.

P&G profits up on strong consumer demand, higher pricing

Procter & Gamble raised its full-year forecast Wednesday as robust consumer demand enabled the company to notch higher sales even as it increased prices on consumer goods.

Millionaires make unusual plea: 'Tax us now'

More than 100 millionaires made an unusual plea on Wednesday: "Tax us now".

WHO says pandemic 'nowhere near over' as France, Germany post record cases

The World Health Organization has warned that the Covid-19 pandemic is far from over, as France, Germany and Brazil posted new records of infections in the past 24 hours.

Microsoft's acquisition of Activision to face antitrust test

Microsoft's $69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

Austria gears up to fight EU 'green' nuclear energy plan

As the EU moves to label energy from nuclear power and natural gas as "green" investments, Austria is gearing up to fight this, including with a legal complaint.

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American Marconi Wireless News - Economy (English)