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Following a weeklong visit to New Delhi, IMF deputy managing director Nigel Clarke hailed India as a central engine of global expansion but called on New Delhi to strengthen statistical methods and raise productivity to sustain growth for all.
The Federal Reserve on Sept. 16 raised its benchmark federal funds rate by 25 basis points — the first increase since 2023 — signaling the possibility of another hike later this year as oil-driven inflation and resilient domestic demand complicate policymakers’ path back to 2% price stability.
Global markets are confronting a difficult combination of oil above $100 a barrel, rising government bond yields and tighter monetary policy, raising fresh concerns that economies could face persistent inflation alongside weaker growth.
Billions flowing into AI chips, data centres and infrastructure are supporting growth and markets, but higher energy prices, borrowing costs and scrutiny of returns are putting the investment boom under a brighter spotlight.
Huawei is accelerating its AI hardware roadmap with new Ascend processors and massive computing systems as demand for artificial-intelligence infrastructure continues to surge across China.