The world’s biggest economies are moving deeper into a slowdown: Report

Momentum is easing across the world’s major economies, according to a gauge the OECD uses to predict turning points. The Composite Leading Indicator is the latest sign of a synchronized slowdown in global growth, adding to recession warnings sparked by industrial figures in Germany last week and and slumping trade figures for China earlier on Monday. The indicator, which is designed to anticipate turning points six-to-nine months ahead, has been ticking down since the start of 2018 and fell again in November. The OECD singled out the US and Germany,…

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As world economy stumbles into 2019, eyes turn to China

Ten years after China helped stave off the threat of a global depression with a huge stimulus plan, investors are looking once again towards Beijing as the world economy heads for a slowdown, or worse, in 2019. Booming China has accounted for about a third of the growth in the global economy in recent years. So recent signs that it is losing momentum is unsettling when the U.S. boom, turbo-charged by President Donald Trump’s tax cuts of 2017, seems to have peaked and Europe’s heavyweights are stalling. China’s slowdown is…

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B Chandrakala: How a ‘dabangg’ IAS officer landed into illegal mining quagmire

Indian Administrative Services (IAS) officer Bhukya Chandrakala, 38, who has been accused of corruption in the illegal mining case being probed by the CBI, was known as a ‘dabangg’ (fearless) officer popular on social media before her fall from grace. The alleged scam dates back to 2012-16 when the Samajwadi Party was in power under Akhilesh Yadav. Chandrakala, a 2008-batch IAS officer, was best known for taking action against her subordinates, mostly due to her widely-circulated videos in which she went on surprise inspections, pulling up civic officials over lack…

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