India’s finance minister projects modest fiscal consolidation in budget

India’s finance minister projects modest fiscal consolidation in budget

India’s government plans a modest improvement in its fiscal picture in the coming financial year, with reductions in the fiscal deficit and debt, while boosting manufacturing in sectors ranging from textiles to chips. Finance Minister Nirmala Sitharaman, in her ninth consecutive budget speech, said on Sunday that the government sees its fiscal deficit falling to … Read more

Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows

Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight. The “K-shaped” economy has been top of mind for consumers, corporate leaders, policymakers and investors since the Covid pandemic drastically reshaped Americans’ financial habits almost six years ago. Economists now warn that this two-speed economic … Read more

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led … Read more

‘Very dangerous’: Trump reportedly warns UK of doing business with China as Starmer seeks a reset

‘Very dangerous’: Trump reportedly warns UK of doing business with China as Starmer seeks a reset

US President Donald Trump greets Britain’s Prime Minister Keir Starmer during a summit on Gaza, Egypt, in Sharm el-Sheikh on Oct. 13, 2025. Evan Vucci | Afp | Getty Images U.S. President Donald Trump on Thursday reportedly warned the U.K. that it would be “very dangerous” for the country to do business with China, after … Read more

Trump says he will announce a replacement for Powell as Fed chair Friday morning

Trump says he will announce a replacement for Powell as Fed chair Friday morning

U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty Images President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady … Read more

China and the UK are attempting to reset their relationship — here’s how

China and the UK are attempting to reset their relationship — here’s how

Britain’s Prime Minister Keir Starmer addresses a business delegation following his arrival to China, at a hotel in Beijing on January 28, 2026. Carl Court | Afp | Getty Images After years of strained ties, China and the U.K. on Thursday pledged to develop a long-term strategic partnership following a high-stakes meeting between Chinese President … Read more

Southwest ends open seating after 54 years. Here’s what the last flight was like

Southwest ends open seating after 54 years. Here’s what the last flight was like

OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of … Read more

Canada’s Carney to Trump: ‘I meant what I said in Davos’

Canada’s Carney to Trump: ‘I meant what I said in Davos’

Canada’s Prime Minister Mark Carney speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, Jan. 27, 2026. Patrick Doyle | Reuters Canadian Prime Minister Mark Carney on Tuesday denied Treasury Secretary Scott Bessent’s claim that, in a private call with President Donald Trump, he had backtracked on some … Read more

American Airlines projects revenue growth for 2026, misses earnings estimates for fourth quarter

American Airlines projects revenue growth for 2026, misses earnings estimates for fourth quarter

American Airlines projected Tuesday that its focus on premium will “begin delivering results in 2026” as the carrier races to catch up to its far more profitable rivals and capitalize on strong demand from high-spending customers. The Fort Worth-based airline projected it will deliver nearly $2 of improvement in adjusted earnings per share at the … Read more

The ‘middle powers’ are having a moment, but can they stand up to Trump?

The ‘middle powers’ are having a moment, but can they stand up to Trump?

(1st row from L to R): Australia’s Prime Minister Anthony Albanese, Brazil’s President Luiz Inacio Lula da Silva, South Africa’s President Cyril Ramaphosa, President of Angola and Chairperson of the African Union Joao Lourenco and Canada’s Prime Minister Mark Carney react as they attend a family photo event during a G20 Leaders’ Summit plenary session … Read more