April 28, 2024, 9:01 pm
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Harvey Weinstein hospitalised after conviction overturned

Disgraced movie mogul Harvey Weinstein has been hospitalised just days after his 2020 rape conviction in New York was overturned, his lawyer has said. Arthur Aidala said he was moved to a Manhattan hospital on Friday. He remains in jail after being separately convicted of rape in Los Angeles. Mr Aidala said his client was "somewhat of a train wreck health wise". "It seems like he needs a lot of help, physically. He's got a lot of problems," he told AP. Later, in a statement to CBS, the BBC's US partner, Mr Aidala said Mr Weinstein had been taken to hospital after the New York City Department of Correction determined that he needed "immediate medical attention". "A myriad of tests are being performed on Harvey and he is being kept for observation," he said. A spokesperson with the corrections department said that Weinstein remained in custody at..

Why India’s household savings are at a 47-year-low

For decades, India has been a nation of savers. They stash away a significant portion of their earnings for future security, often at the expense of current consumption. But something seems to be amiss now. Recent data from the Reserve Bank of India says India's net household savings stood at a 47-year-old low. Household net savings are the total money and investments families have, like deposits, stocks and bonus, minus any money they owe, like loans and debt. Savings shrank to 5.3% of the gross domestic product (GDP) in the financial year 2023, down from 7.3% in 2022. One economist called this fall "dramatic". There has also been a sharp jump in household debt in the same period. Annual borrowings stood at 5.8% of GDP - the second-highest level after the 1970s. As households increasingly rely on debt to fuel consumption, their savings inevitably erode. The more..