The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing world output through headwinds from lingering high inflation, weak demand in China and Europe, and spillovers from two regional wars. The IMF forecast global real GDP growth of 3.2% for 2024 and 2025 - the same rate as in 2023.
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Ace investor Rekha Jhunjhunwala, who inherited the portfolio of Rakesh Jhunjhunwala, has made some significant changes to the investments during the quarter ended March.Jhunjhunwala, who owned about 1.8% stake in recently listed Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
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DUBAI: Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry report showed on Tuesday, as demand from the international ultra-rich for homes in the emirate showed little sign of abating. A total of 105 homes worth an overall $1.73 billion were sold from January to March, up from around $1.6 billion a year earlier.
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