
Debdutta Ghosh
Business & Finance
Hidden Audis, Secret CEO Meeting: The Story Of VW’s $5 Billion Rivian Gamble
Early this year, a few Audis disguised in German arrived covertly to an electric vehicle (EV) manufacturer’s plant in California. There, thirty experts dismantled the cars’ electronics and installed harnesses
Published on June 27, 2024
By Debdutta Ghosh
Economics
Possibility Of Sharp Fall Of Japan’s GDP Might Impact Monetary Policy: Economists
According to some experts, a rare unexpected adjustment to Japan’s GDP for the first quarter might result in a severe reduction, which could have an impact on the central bank’s
Published on June 26, 2024
By Debdutta Ghosh
World & Politics
Following His Guilty Plea In The US, Wikileaks Founder Julian Assange Arrives In Australia
The founder of WikiLeaks, Julian Assange, returned home on Wednesday after agreeing to a plea agreement that freed him from a 14-year legal struggle and admitted guilt to breaking American
Published on June 26, 2024
By Debdutta Ghosh
Business & Finance
India Is Expected To Have A Dull Bidding Session For Its $11.5 Billion Spectrum Auction
India announced in a statement that it has put telecom spectrum up for auction on Tuesday, valued at around 962.38 billion rupees ($11.53 billion), despite experts’ predictions that participants would
Published on June 26, 2024
By Debdutta Ghosh
Economics
Trump Outperforms Biden In The Meme Market
In the realm of political meme coins, at least, Donald Trump has established a clear lead against Joe Biden. Recently, as the November U.S. presidential election approaches and the bitter
Published on June 26, 2024
By Debdutta Ghosh
Economics
As Discussions Begin, China Wants The EU To Abandon Its Plans For EV Tariffs
After agreeing to discuss a potential settlement, Beijing wants the EU to abandon its intentions to slap provisional duties on Chinese electric car imports by July 4, according to China’s
Published on June 24, 2024
By Debdutta Ghosh
Economics
An Unsettling Example For EU Industries Is The Australian Wine Industry
China tariffs hit Australia’s wine sector, which scrambled to find new markets, import grapes, and approach the government for assistance, but was unable to counteract the impact of declining exports,
Published on June 24, 2024
By Debdutta Ghosh
Economics
BoJ Rate Rise Path Is Obscured As Demand-Driven Inflation In Japan Slows Down
Data released on Friday revealed that while energy taxes caused Japan’s core inflation to increase in May, an indicator that eliminates the impact of fuel decreased for the ninth consecutive
Published on June 21, 2024
By Debdutta Ghosh
Business & Finance
The Growing EV Industry In Southeast Asia Is Still Controlled By Chinese Automakers
According to Counterpoint Research, sales of electric vehicles are rising in Southeast Asia, driven by China’s BYD, and Vietnam’s VinFast. These companies are displacing Japanese and Korean companies that dominate
Published on June 21, 2024
By Debdutta Ghosh
Economics
Australian IPO The Highest In 3 Years As Guzman Y Gomez Notes A 37% Surge On Debut
With its shares rising more than one-third on their first trading day on Thursday, the Mexican restaurant chain Guzman Y Gomez delivered Australia’s greatest initial public offering start in three
Published on June 20, 2024
By Debdutta Ghosh
Economics
The Bank Of England Will Maintain Interest Rates Even If Inflation Exceeds Its Objective Of 2%
For the first time in over three years, headline inflation in the United Kingdom reached the Bank of England’s objective of 2% on Wednesday morning. However, the report did little
Published on June 20, 2024
By Debdutta Ghosh
Economics
By 2047, India Hopes To Have Reached Developed Status. These Are The Top 4 Issues Modi Must Address
Indian Prime Minister Narendra Modi has been talking boldly about turning India into a developed nation by 2047 for the past two years. Now, all eyes will be on Modi
Published on June 20, 2024
By Debdutta Ghosh
World & Politics
Russia And North Korea Agree To Provide Each Other With All Military Support In The Event Of An Attack
During Russian President Vladimir Putin’s first visit to North Korea in 24 years, the leaders of the two countries inked an agreement promising to give quick military support if either
Published on June 20, 2024
By Debdutta Ghosh
Business & Finance
Study Shows Emissions And The Consumption Of Fossil Fuels Reached Historic Highs In 2023
According to the oil and gas industry’s Statistical Review of World Energy report, released on Thursday, worldwide fossil fuel consumption and energy emissions reached all-time highs in 2023, despite a
Published on June 20, 2024
By Debdutta Ghosh
Economics
China Maintains Benchmark Rates But The PBOC Treads Carefully
In accordance with market predictions, China kept benchmark lending rates constant at a monthly fixing on Thursday. Even while there has been a surge in recent data indicating that further
Published on June 20, 2024
By Debdutta Ghosh
Economics
Chinese State Media Claims Chinese Automakers Are Seeking Retaliatory Levies On Vehicles Made In The EU
The state-run Global Times newspaper reported on Wednesday that Chinese automakers have pushed Beijing to increase taxes on imported European gasoline-powered automobiles as retaliation for Brussels’ move to impose restrictions
Published on June 19, 2024
By Debdutta Ghosh
Economics
Fed Policymakers Tread Carefully When Discussing Possible Rate Reductions
Fed policymakers, encouraged by recent statistics, are carefully moving towards what most anticipate would be one or more interest rate cuts by the end of this year. They are waiting
Published on June 19, 2024
By Debdutta Ghosh
Economics
EU’s Investigation Into EV Subsidies Is “Selective”, Says Chinese Official
In an exclusive interview with CNBC, a Chinese official said that Europe’s investigation of Chinese electric cars was extremely selective, to the point where the findings are not reliable. Last
Published on June 18, 2024
By Debdutta Ghosh
Economics
Once More, London Emerges As Europe’s Biggest Stock Market
For the first time in over two years, the primary stock market in the UK reclaimed its position as the most valued in Europe, according to statistics. According to Bloomberg
Published on June 18, 2024
By Debdutta Ghosh
Economics
The Desire By Chinese Investors Seeking Investments Abroad Is Driving Wealth Inflows Into Hong Kong
Wealthy Chinese are resuming their purchases of Hong Kong investment goods including insurance and high-yield time deposits as a way to protect their money from a potential decline in the
Published on June 16, 2024
By Debdutta Ghosh
Economics
IEA Anticipates India To Drive Demand For Oil Globally
Currently the third-largest oil importer and consumer in the globe, India is expected to become the main driver of the world’s oil demand in the second half of this decade,
Published on June 16, 2024
By Debdutta Ghosh
Economics
US Business Associations Want A Hearing On Biden’s Proposed Tariff Rise On China
Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of
Published on June 15, 2024
By Debdutta Ghosh
Business & Finance
Ahead Of The Summer Sports Season, Football Tokens Sparkle In The Cryptoverse
A tiny but popular aspect of the cryptoverse is taking centre stage as excitement for major football tournaments in Europe and the Americas grows: fan tokens. These are not your
Published on June 15, 2024
By Debdutta Ghosh
Economics
US Labour Market Is Similar To Pre-Pandemic Conditions, According To Yellen
On Thursday, U.S. Treasury Secretary Janet Yellen stated that slower pay growth is not a danger to drive up inflation and that the current state of employment in the country
Published on June 13, 2024
By Debdutta Ghosh
Economics
New Projections Suggest The US Fed Is Abandoning The Election Cycle
It appears that the U.S. Federal Reserve has removed itself from the limelight of the presidential campaign, as new projections indicate that interest rate reduction are unlikely to occur until
Published on June 13, 2024
By Debdutta Ghosh
Economics
EU Will Impose Additional Levies Of Up To 38% On Chinese EVs
The European Commission notified manufacturers that starting in July, it will levy additional taxes of up to 38.1% on Chinese electric vehicles imported into the country. China denounced this decision
Published on June 12, 2024
By Debdutta Ghosh
Economics
August Could See A Rate Decrease By The Bank Of England, With At Least One More This Year
All but two of the 65 economists surveyed by Reuters predict that the Bank of England will begin reducing interest rates in August, and most of them anticipate at least
Published on June 12, 2024
By Debdutta Ghosh
Economics
Russia Conducting 40% Of Trade In Rubles Since West Cut Off Moscow โ Claims Putin
Vladimir Putin, the president of Russia, stated on Friday that the percentage of commerce that takes place in rubles has risen to over 40% from dollars, euros, and other “non-friendly”
Published on June 9, 2024
By Debdutta Ghosh
Economics
The Game Of Cricket In The US Seeing Investments From Tech Ceos Like Nadella, And Narayen
While cricket may not be as well-liked in the United States as it is in other countries, a number of well-known investors and CEOs are working to alter that. An
Published on June 9, 2024
By Debdutta Ghosh
Business & Finance
Saudi Arabia Plans To Sell Aramco Shares For $11.2 Billion, Less Than Anticipated
After pricing the stock at the lower end of its forecasts, Saudi Arabia is set to generate more than $11.2 billion from the sale of shares in oil giant Aramco,
Published on June 8, 2024
By Debdutta Ghosh
Economics
How Likely Is The US And UK To Follow Europe In Lowering Interest Rates?
Countries all around the world are changing course after forcing borrowing costs considerably up in recent years in an attempt to stem skyrocketing prices. The primary lending rate of the
Published on June 8, 2024
By Debdutta Ghosh
Business & Finance
US Authorities To Launch Antitrust Investigations Against Nvidia, Microsoft, And OpenAI: Reports
According to the New York Times on Wednesday, which cited people familiar with the matter, the U.S. Justice Department and the Federal Trade Commission have reached an agreement that permits
Published on June 6, 2024
By Debdutta Ghosh
Business & Finance
Temu’s And Shein’s Popular Non-Tariff Shipments Hits A Traffic Jam At US Customs
Industry analysts predicted that a recent U.S. crackdown on customs brokers processing billions of dollars’ worth of low-cost online shopping purchases from behemoths like China-linked Shein and Temu would result
Published on June 6, 2024
By Debdutta Ghosh
Economics
A Chinese Citizen Is Accused By The US DOJ Of Running The “Largest Botnet In The World,” Which Stole $5.9 Billion In Covid Relief Payments
Officials from the Department of Justice said on Wednesday that a global malware network that stole $5.9 billion in Covid relief money and was linked to other crimes like child
Published on May 31, 2024
By Debdutta Ghosh
Economics
Japan’s Interest In Structural Changes Is Renewed By The Yen’s Unrelenting Decline
Persuaded that market intervention will not be sufficient to stop the yen’s wider collapse, Japanese officials are focusing on deeper fundamental economic causes that are causing the currency to sink
Published on May 31, 2024
By Debdutta Ghosh
Economics
Amidst Ongoing Property Distress, China’s Industry Activity Unexpectedly Declines
China’s manufacturing production unexpectedly declined in May, reinforcing calls for further stimulus as the country’s chronic property crisis continues to undermine investor, corporate, and consumer confidence. China is the world’s
Published on May 31, 2024
By Debdutta Ghosh
Economics
With Japan-Style Reform, Chinese Corporations Are Rushing To Increase Dividends And Buy Back Shares
Even while investors are sceptical about wider governance improvements, Chinese listed businesses are responding to authorities’ requests for reform that mirrors initiatives in South Korea and Japan by racing to
Published on May 31, 2024
By Debdutta Ghosh
Economics
IMF Raises China’s GDP Growth Projections But Cautions About Impending Dangers
The International Monetary Fund upgraded its prior projection of 4.6% expansion and predicted on Wednesday that China’s economy will grow by 5% this year following a “strong” first quarter, even
Published on May 29, 2024
By Debdutta Ghosh
Economics
Miners Struggle In The Post-Halving World Of The Cryptocurrency
It’s been a terrible year for bitcoin miners with mining incentives cut in half, mining difficulty increased, and the shiny new bitcoin exchange-traded funds (ETFs) syphoning off investor wealth. Two
Published on May 29, 2024
By Debdutta Ghosh
Economics
Industry Scepticism Surrounds US Tariffs On Chinese Medical Imports As Substitute Providers Surface
Industry leaders stated that increased tariffs by the United States on Chinese-made medical gloves, syringes, and face masks are unlikely to boost the competitiveness of American manufacturers since other low-cost
Published on May 28, 2024
By Debdutta Ghosh
Economics
Hike In Futures Trading With Markets Waiting For Data On Inflation
Following an extended weekend due to the holiday, U.S. stock index futures increased slightly on Tuesday as investors anticipated a significant inflation data later in the week that may challenge
Published on May 28, 2024
By Debdutta Ghosh
World & Politics
At Trilateral Summit China Urges South Korea, Japan, And Taiwan To Oppose “Protectionism”ย
China asked South Korea and Japan during a trilateral conference in Seoul on Monday to support free trade and reject “protectionism.” During his meeting with South Korean President Yoon Suk-yeol
Published on May 27, 2024
By Debdutta Ghosh
Business & Finance
Survey Shows Some US Businesses Are Hesitant To Recruit Recent College Graduates Who Participated In Pro-Palestinian Demonstrations
Employers are growing more hesitant to hire members of the class of 2024, compounding the already difficult job market. Indeed, according to a recent study of 1,268 business executives in
Published on May 27, 2024
By Debdutta Ghosh
Business & Finance
The Information Claims That Elon Musk Is Developing An xAI Supercomputer.
The Information published a story on Saturday stating a presentation given to investors by American billionaire Elon Musk, who recently informed them that his artificial intelligence firm, xAI, intends to
Published on May 26, 2024
By Debdutta Ghosh
Economics
Yellen Warns Of Increased Risks For European Banks In Russia, Hints At Tougher U.S. Sanctions
U.S. Treasury Secretary Janet Yellen told Reuters that the dangers for European banks doing business in Russia are increasing and that the country is considering tightening its secondary sanctions against
Published on May 26, 2024
By Debdutta Ghosh
Economics
Britain’s Battered Finance Industry Finds Optimism In Sunak’s Summer Election
Executives in the City of London are hoping a new government would give them more attention and stop years of political turmoil as Britain gets ready to go back to
Published on May 25, 2024
By Debdutta Ghosh
Economics
Expectations As The US Moves Towards Faster Stock Settlement
Following the implementation of a new Securities and Exchange Commission (SEC) regulation in February 2023, the settlement period for U.S. stocks, corporate municipal bonds, and other securities will be halved
Published on May 25, 2024
By Debdutta Ghosh
Economics
CEO Of DoubleLine Predicts An Impending US Recession And A Rise In Public Debt
As increased interest rates put pressure on American consumers and businesses, Jeffrey Gundlach, the CEO of investment management firm DoubleLine Capital, stated on Thursday that he believes a U.S. recession
Published on May 24, 2024
By Debdutta Ghosh
Business & Finance
Counterpoint Says SMIC, The Biggest Chipmaker Of China, Is Currently The Third-Largest Foundry Globally
According to Counterpoint Research, SMIC, the largest chipmaker in China, ranked third globally in terms of sales during the first quarter of 2018. Semiconductor Manufacturing International Co., a state-sponsored company,
Published on May 24, 2024
By Debdutta Ghosh
Art & Art Market
Hollywood Is Afraid As Scarlett Johansson’s OpenAI Conflict Resurfaces
Hollywood officials says that OpenAI’s apparent tribute to the film “Her,” which features Scarlett Johansson’s voice, is causing a reaction against artificial intelligence. Even as Hollywood studios test new tools
Published on May 23, 2024
By Debdutta Ghosh