The G7 finance summit started on Friday in Japan's Sendai city with a focus on boosting and balancing the growth of the global economy amid the slowing down of the Chinese economy and those of other emerging countries.
Consumer products giant Unilever, whose brands include Ben & Jerry's ice cream, Lipton and Dove, says sales in 2015 rose 10 per cent compared to the previous year, to 53.3 billion euros (USd 58 billion).
Indian business leaders have emerged as the most optimistic lot globally about economic recovery in 2016, largely owing to a pro-reforms government, recent policy announcements and regulatory changes, a Grant Thornton report
President Pranab Mukherjee said that India is a bright spot in an otherwise "gloomy global economy" and it should invest in infrastructure and human capital to achieve and maintain high growth of over 8% over the next two dec
The global economy is not at a risk of a recession in spite of recent concerns over China's economy and weakness in commodity prices, Goldman Sachs said, although it lowered its short-term outlook for global stock markets.
Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices.