Debdutta Ghosh
Business & Finance
Growth Of Multinational Companies Struggle Amid China’s Sluggish Economic Recovery
Global companies, from burger chains to car manufacturers, are increasingly grappling with a sluggish recovery in China’s economy, which is the world’s second-largest. The downturn in the property market and
Published on August 3, 2024
By Debdutta Ghosh
Economics
US To Implement New Chip Export Controls Targeting China, Exempting Key Allies
The Biden administration is set to introduce a new rule expanding U.S. export controls on semiconductor manufacturing equipment to China, aiming to curb the growth of China’s advanced chipmaking industry.
Published on July 31, 2024
By Debdutta Ghosh
Economics
Interest Rates Hiked by Bank Of Japan, Signals Shift Towards Policy Normalization
In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and outlined a comprehensive plan to reduce its large-scale bond purchasing program. This decision marks a
Published on July 31, 2024
By Debdutta Ghosh
Business & Finance
Hugo Boss May Delay Key Sales and Profit Targets Beyond 2025 Amid Global Consumer Weakness
Hugo Boss is expected to provide updates on its sales and profit targets during its second-quarter results announcement on Thursday. Investors are particularly focused on whether the company will push
Published on July 31, 2024
By Debdutta Ghosh
Science & Technology
AI Bots Handle Adult Conversations, Easing The Burden For OnlyFans Creator
A pornographic website called OnlyFans gives users the opportunity to develop “authentic relationships” with content providers. However, a lot of OnlyFans porn artists use “chatters” to pose as them in
Published on July 30, 2024
By Debdutta Ghosh
Business & Finance
Procter & Gamble Reports Unexpected Drop In Q4 Sales As Demand Slows
Procter & Gamble (P&G) reported an unexpected drop in fourth-quarter sales, as global demand for its Charmin toilet paper and Pampers diapers declined despite efforts to stabilize prices. This news
Published on July 30, 2024
By Debdutta Ghosh
Economics
Global Companies Lower Sales and Profit Forecasts Amid Economic Pressures
Companies around the world are revising their full-year sales and profit forecasts downward, impacted by rising interest rates and economic weakness in China. This adjustment has dampened the outlook for
Published on July 30, 2024
By Debdutta Ghosh
Economics
Unexpected Shrinking Of German Economy. Hike In Inflation
The largest economy in the euro zone, Germany, continued to suffer as the economy unexpectedly shrank in the second quarter after avoiding a recession at the start of the year
Published on July 30, 2024
By Debdutta Ghosh
Business & Finance
Philips Beat Profits Estimates Driven By Cost Savings But Warns On Insurance Payout
Philips’ shares increased by more than 10% after the company announced second-quarter results on Monday that above analysts’ projections due to cost reductions, some of which came from job cutbacks,
Published on July 29, 2024
By Debdutta Ghosh
Economics
BOJ’s Triumphant Deflation Lap Opens The Door For A Round Of Rate Hikes
According to insiders and commentators, the Bank of Japan is paving the way for a period of consistent interest rate increases by declaring success in its protracted war against deflation.
Published on July 29, 2024
By Debdutta Ghosh
Economics
US Fed Is Expected To Keep Rates Unchanged For The Last Time As The Inflation War Comes To A Close
At its two-day policy meeting this week, the Federal Reserve is anticipated to keep interest rates unchanged while noting that inflation has started to approach the 2% objective set by
Published on July 29, 2024
By Debdutta Ghosh
Economics
Trump Promises To Build A Bitcoin “Stockpile,” Citing Competition From China
In his most recent attempt to lure cryptocurrency supporters—which Beijing has banned and which he previously called a “scam”—Republican presidential candidate Donald Trump stated at a bitcoin conference on Saturday
Published on July 28, 2024
By Debdutta Ghosh
World & Politics
China Declares Ties With Japan Are At A “Critical Stage”
Chinese Foreign Minister Wang Yi informed his Japanese colleague on Friday that the two countries’ relations are at a crucial point. The two addressed a number of difficult topics, such
Published on July 28, 2024
By Debdutta Ghosh
Economics
Declining Rate Of US Inflation Supports September Fed Rate Reduction Expectations
June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way
Published on July 27, 2024
By Debdutta Ghosh
Economics
Despite A Failing Economy, China’s Industrial Earnings Posted Stronger Rises In June
Official statistics released on Saturday revealed that China’s industrial earnings increased quicker in June despite firms facing a slowdown in consumer mood amidst an uncertain economic rebound. According to National
Published on July 27, 2024
By Debdutta Ghosh
Economics
Fed Expected To Hold Off Next Week And Lower Rates In September
Fresh evidence of success in the fight against inflation was provided to U.S. Federal Reserve officials on Friday, raising hopes that they will use their meeting next week to announce
Published on July 26, 2024
By Debdutta Ghosh
Economics
G20 Finance Chiefs To Highlight The “Soft Landing” Of The World Economy And Alert To War Risks
As per the final copy of a joint communiqué obtained by Reuters, the G20 finance leaders are expected to express optimism about a global economic “soft landing” on Friday, but
Published on July 26, 2024
By Debdutta Ghosh
Economics
US Consumer Spending Declines While Inflation Increases A Little
June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way
Published on July 26, 2024
By Debdutta Ghosh
Economics
US Economy Picks Up Steam In The Second Quarter, With Decreasing Pricing Pressure
In the second quarter, the U.S. economy expanded more quickly than anticipated because to strong increases in corporate investment and consumer spending, but inflationary pressures decreased, maintaining expectations of a
Published on July 25, 2024
By Debdutta Ghosh
Economics
Economists Predict Higher Inflation And A More Cautious Fed Following A Trump Victory
If Donald Trump wins the White House again, the Federal Reserve’s fight to control inflation is likely to confront new obstacles, which may put the American central bank back in
Published on July 25, 2024
By Debdutta Ghosh
Economics
Amid Tech Mauling, Wall Street Is Divided As Investors Consider GDP Statistics
Wall Street’s primary indexes had mixed results on Thursday as traders evaluated GDP data that was better than anticipated and exercised caution following a tech-related sell-off the previous day. Data
Published on July 25, 2024
By Debdutta Ghosh
Business & Finance
Samsung’s HBM3 Chips Are Approved By Nvidia For Usage In Processors Sold In China
Nvidia has approved the first-ever usage of Samsung Electronics’ fourth-generation high bandwidth memory, or HBM3 chips, in its CPUs, according to three persons briefed on the situation. However, the approval
Published on July 24, 2024
By Debdutta Ghosh
Business & Finance
Musk Runs A Poll, With Early Results Suggesting That Tesla Should Invest $5 Billion In xAI
On the social networking platform X, Tesla CEO Elon Musk has started a poll asking people if the electric automaker should spend $5 billion in his artificial intelligence business, xAI.
Published on July 24, 2024
By Debdutta Ghosh
World & Politics
Kamala Harris Attempts To Secure A White House Run With Biden’s Backing
US Vice President Kamala Harris did not waste any time in announcing her 2024 presidential bid. With President Joe Biden’s support, she sought the endorsement of other Democrats following his
Published on July 22, 2024
By Debdutta Ghosh
Economics
China Surprises The World By Lowering Crucial Interest Rates To Boost The Weak Economy
In an attempt to spur development in the second-largest economy in the world, China shocked markets on Monday by cutting both its benchmark lending rates and a crucial short-term policy
Published on July 22, 2024
By Debdutta Ghosh
Business & Finance
Byju’s, Indian Ed-Tech Powerhouse, Might Shut Down Completely If Its Insolvency Continues, Says CEO
According to report quoting sources, the CEO of Byju’s, an ed-tech powerhouse and formerly the largest startup in India with a $22 billion valuation, stated in a court statement that
Published on July 20, 2024
By Debdutta Ghosh
Science & Technology
Global Tech Disruption Subsides Following Extensive Disruption, With Hazards Receiving More Attention
Another event demonstrating the fragility of the world’s linked technology, a mistake in a security software update caused hours-long worldwide computer system disruptions. On Friday, services like aeroplanes, healthcare, shipping,
Published on July 20, 2024
By Debdutta Ghosh
Economics
Due To Increasing US Rate-Cut Bets, Gold Maintains Its Record High
As traders increased their bets on the U.S. Federal Reserve beginning a cycle of interest rate cuts, gold prices firmed on Thursday, staying close to a record peak set the
Published on July 18, 2024
By Debdutta Ghosh
Economics
Fears Over Trade With China Caused Chip Stocks To Lose Almost $500 Billion In Value
In its worst day since 2020, Wall Street’s semiconductor index saw a loss of almost $500 billion in stock market value on Wednesday. The decline was attributed to a report
Published on July 18, 2024
By Debdutta Ghosh
World & Politics
Investigators Are Unsure Of The Trump Gunman’s Motivation, But The Secret Service Stands By Its Reaction
Two days after the suspect, a 20-year-old shooter, was shot and killed, the FBI was unable to determine what ideology motivated the guy to attack the former president, therefore the
Published on July 16, 2024
By Debdutta Ghosh
Economics
Japan Discovers A “Stealth” Remedy For Zombie Companies: Allow Them To Collapse
Hitoshi Fujita’s firm was essentially a typical mom-and-pop enterprise producing metal parts for the most of its 72-year existence. After then, it took an uncommon step for a tiny Japanese
Published on July 16, 2024
By Debdutta Ghosh
Business & Finance
A Third Of Unilever’s European Workers Will Be Laid Off
By the end of 2025, Unilever intends to eliminate one-third of its office-based positions in Europe, the massive consumer products company has said. It follows its announcement in March of
Published on July 13, 2024
By Debdutta Ghosh
Economics
Trillions Of Dollars Are Expected To Be Left To Women As Part Of The Massive “Horizontal Wealth Transfer”
According to a recent estimate, up to $9 trillion is anticipated to be transferred to spouses and partners in the future years as part of a phenomenon known as “the
Published on July 13, 2024
By Debdutta Ghosh
Economics
Japan Increases Its Yen Warnings, And Indicators Point To Possible Action
Japan’s top currency envoy resumed his jabbering on Friday, announcing that authorities will intervene in the foreign exchange market if needed after the yen’s overnight surge sparked concern. According to
Published on July 12, 2024
By Debdutta Ghosh
Business & Finance
US Companies To Leverage New Storefronts And Marketing Efforts To Wager On The Paris Olympics
Betting that the enthusiasm surrounding the summer games would help increase their sales, American corporations, from Nike to Warner Bros., are establishing new stores and hosting large marketing events in
Published on July 12, 2024
By Debdutta Ghosh
Economics
Prospects Of A Rate Drop Might Boost US Equities While Investors Wait For Earnings And Elections
Following a surge in U.S. equities, which might soon be put to the test by impending corporate earnings reports and escalating political unpredictability, the likelihood of short-term interest rate reductions
Published on July 10, 2024
By Debdutta Ghosh
Economics
World’s Lithium Industry Is Interested In Testing Out Argentina’s Salt Flats
Salty brine drawn from far below the earth’s surface fills a large tank two floors high with black tubes in an arid plain in the highlands of northern Argentina. The
Published on July 10, 2024
By Debdutta Ghosh
Economics
US Job Market Slowing Down As The Unemployment Rate Hikes To 4.1%
Although hiring in the government and healthcare sectors accounted for nearly three-quarters of the payroll gain in June, U.S. employment increased solidly. Meanwhile, the unemployment rate reached a two-and-a-half-year high
Published on July 8, 2024
By Debdutta Ghosh
Economics
Japan’s Basic Salary Increases By The Greatest In 31 Years, Including Substantial Boosts For Part-Timers
As a result of massive pay increases granted by businesses during yearly wage talks, Japanese workers’ average base pay increased by 2.5% in May, marking the highest rate of increase
Published on July 8, 2024
By Debdutta Ghosh
Economics
Russian Regulator Promotes Cryptocurrency Use As A Means Of Evading Sanctions
In order to offset Western sanctions imposed over the Ukraine crisis, Russia’s central bank advised enterprises to adopt “multiple choice solutions” to enable payments with overseas partners, including cryptocurrency and
Published on July 4, 2024
By Debdutta Ghosh
Economics
China Is Dealing With A Declining And Ageing Population, Which Is Causing Economic Challenges
China’s population is declining, and this will eventually have a negative impact on the country’s economy, labour force, and fiscal policy. According to estimates derived from analysing UN-released world population
Published on July 4, 2024
By Debdutta Ghosh
Science & Technology
A UN Assessment Finds China Winning The Fight For Generative AI Patents
According to U.N. data released on Wednesday, China is well ahead of other nations in developing generative AI products like chatbots, submitting six times as many patents as its nearest
Published on July 3, 2024
By Debdutta Ghosh
Economics
A Trade Conflict Develops As EU Countries Dither Over Chinese EV Tariffs
EU nations are unsure whether to approve more taxes on electric cars made in China, underscoring Brussels’ difficulty in garnering support for its biggest trade case to yet as Beijing
Published on July 3, 2024
By Debdutta Ghosh
Economics
Saudi Arabia Could Lower Oil Prices In August For Asia For The Second Month
Leading oil exporter Saudi Arabia may lower the pricing of the crude grades it supplies to Asia for a second month in August, following Dubai’s decline as a benchmark for
Published on June 30, 2024
By Debdutta Ghosh
Business & Finance
M&A Fees A In Asia Touches 11-Year Low Because Of Time Consuming Deals
In the first half of 2024, financial advising fees from mergers and acquisitions in Asia fell to their lowest levels in 11 years, with falls in both announced and completed
Published on June 30, 2024
By Debdutta Ghosh
Economics
China’s Services Industry Growth Slow Down And Manufacturing Activity Declines Once More In June
According to an official survey released on Sunday, China’s industrial output declined for a second consecutive month in June while services activity dropped to a five-month low. These findings support
Published on June 30, 2024
By Debdutta Ghosh
Business & Finance
H&M Falls Due To Concerns About Its Profitability Target And A Decline In June Sales
After missing quarterly profits estimates and projecting a decline in June sales, H&M raised doubts about its full-year profit margin objective on Thursday. This caused shares of the second-largest apparel
Published on June 30, 2024
By Debdutta Ghosh
Economics
With US Inflation Declining In May, Expectations Rise For A US Fed Rate Decrease
Because of the biggest decline in goods prices in six months and a little increase in the cost of services, U.S. monthly inflation remained steady in May, indicating that the
Published on June 29, 2024
By Debdutta Ghosh
Economics
Leading US Banks Increase Dividends Following A Flawless Fed Stress Test
In the Federal Reserve’s annual health check, American banking titans demonstrated that they had sufficient capital to survive significant market and economic volatility by announcing intentions to increase their third-quarter
Published on June 29, 2024
By Debdutta Ghosh
Business & Finance
A Human Rights Organisation In The UK Starts A Campaign To Thwart Shein’s Proposed London IPO
Concerns over Shein’s employment conditions have prompted the UK-based human rights organisation Stop Uyghur Genocide to initiate a legal effort to thwart the company’s proposed London listing, a law firm
Published on June 27, 2024
By Debdutta Ghosh
