Personal Finance

New workplace trend alert! What is 'job-hugging' that American employees are practising?

Once marked by the 'Great Resignation', US workers are now holding tightly to their jobs in what experts call 'job hugging'. With hiring slowing, opportunities shrinking and economic uncertainty growing, employees are staying put — but experts warn this trend could stall careers, block new entrants and set the stage for another mass resignation

Why are UK civil servants earning more than Prime Minister Keir Starmer?

In just two years, the number of UK civil servants earning more than the prime minister has more than doubled — a result of inflation-linked raises, Treasury policy shifts, and rising demand for tech and security experts. Over 400 civil servants are now paid more than Keir Starmer

Beef prices in the US are sizzling this summer: When will they cool down?

Beef prices in the US have hit record highs with ground beef averaging $6.12 (Rs 530 approx) per pound (less than half a kilo). Steak prices are up eight per cent since last year. Experts cite a shrinking cattle herd, drought, disease threats and potential tariffs as key reasons. Relief isn’t expected soon — and consumers may feel the pinch well beyond summer

The new middle class trap: Unsecured loans and social pressure fuel debt in India, Hong Kong and elsewhere

Once seen as engines of economic growth, the middle classes across countries including India and Hong Kong are now struggling to stay afloat as mounting personal debt, stagnant incomes and unchecked lending practices push them to the brink

India's soft power surge at Rising Bharat Summit: Youth, challenges with startups and Make in India

At the News18 Rising Bharat Summit, industry stalwarts explored how India's youth are reshaping the nation’s global identity through innovation, cultural influence and entrepreneurial grit. From fintech breakthroughs to challenges in the startup ecosystem, the panel discussed India's poised rise as a soft power superpower rooted in dignity and creativity

Mastering your money: A go-to guide for every milestone

Regardless of your age or stage in life, it’s never too late—or too early—to seize control of your finances

Jesus to return in 2025? The crypto market is placing its bets

A prediction market on Polymarket is offering a three per cent probability that Jesus Christ will return by December 31, 2025, with over $44,760 in trading volume. The bet’s outcome will be determined by a 'consensus of credible sources', though defining credibility in such a case remains unclear. The wager is based on niche religious interpretations, while mainstream theology rejects date-setting

How did Indonesia’s richest woman lose $3.6 billion in just three days?

Marina Budiman, co-founder and president commissioner of DCI Indonesia, lost $3.6 billion in just three days as her company’s stock plunged by over 50 per cent. DCI’s valuation had surged amid speculation before collapsing due to a tightly held ownership structure, thin trading volume and broader market instability tied to fiscal concerns and Prabowo Subianto’s economic policies

Is the US going 'penniless'? Why Trump wants to halt production of the coins

Donald Trump has ordered the US Treasury to stop minting new pennies, citing that each one-cent coin costs 3.69 cents to produce — leading to an $85.3 million loss in 2024 alone. The move follows a push by Elon Musk’s Department of Government Efficiency and mirrors similar decisions in Canada and Europe. However, opponents argue eliminating the penny could drive up costs for consumers

RBI slashes repo rate by 25 bps, first cut in nearly five years; loan EMIs likely to come down

The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25 per cent, after having kept it unchanged for eleven straight meetings