Debdutta Ghosh
Economics
China’s Capacity To Flood The US EV Market Is Worrisome, Says Energy Secretary
China’s potential to flood the US market with electric vehicles worries the US, but US incentives can make US-made EVs more affordable, the US energy secretary stated on Wednesday. At
Published on March 7, 2024
By Debdutta Ghosh
Economics
US Regulators Anticipate A Major Reduction In The Basel Capital Requirement
According to eight business executives who regularly communicate with the agencies and regulatory officials, U.S. regulators plan to drastically slash the additional capital banks are required to keep as a
Published on March 7, 2024
By Debdutta Ghosh
Economics
US Inflation Rose In January In Keeping With Expectations
Although January saw an increase in U.S. prices, the yearly gain in inflation was the lowest in over three years, meaning that the Federal Reserve’s June interest rate cut remains
Published on February 29, 2024
By Debdutta Ghosh
Economics
The ECB Will Maintain A Floor Below Market Rates While Monitoring Demand
In the next years, the European Central Bank will keep setting a “floor” under market interest rates, but banks will have more control over the amount of liquidity they require,
Published on February 29, 2024
By Debdutta Ghosh
Business & Finance
CEO Of Google Deems Certain Results “Unacceptable” And Is Striving To Repair Gemini AI
In a memo to staff on Tuesday, Google CEO Sundar Pichai stated that the company is trying to address issues with its Gemini AI tool. He claimed that certain text
Published on February 28, 2024
By Debdutta Ghosh
Economics
China’s Premier Li Calls For Closer Trade And Economic Relations With The US
Chinese Premier Li Qiang stated on Wednesday during a meeting with a visiting U.S. team that Washington should refrain from decoupling from China and that Washington and China should deepen
Published on February 28, 2024
By Debdutta Ghosh
Business & Finance
Beyond Meat Surges As Cost-Cutting Measures And Pricing Increases Compress Heavily Shorted Shares
In premarket trading on Wednesday, shares of Beyond Meat shot up 56% as the company, which makes plant-based meat, gambled on price increases and drastic cost reductions to boost its
Published on February 28, 2024
By Debdutta Ghosh
Economics
Bitcoin Hits $57,000 Mark, The Highest In Two Years On Strong ETF Inflows
On February 26, Bitcoin hit $57,000, its highest level in more than two years. According to CoinDesk, the cryptocurrency increased by 9% to momentarily cross the $57,000 mark for the
Published on February 27, 2024
By Debdutta Ghosh
Economics
Japan’s Inflation Surpasses Estimates, Signalling The End Of Negative Rates
Although core consumer inflation in Japan fell for a third consecutive month in January, it nevertheless above estimates and remained at the central bank’s target of 2%, maintaining hopes that
Published on February 27, 2024
By Debdutta Ghosh
Economics
US Treasury Secretary Yellen Hails The US As The Economic Engine And Says The Global Economy Is Still Robust
Ahead of this week’s G20 finance officials meeting in Sao Paulo, Brazil, U.S. Treasury Secretary Janet Yellen will say at a news conference on Tuesday that robust U.S. economic growth
Published on February 27, 2024
By Debdutta Ghosh
Economics
South Korea Announces Initiatives To Improve Stock Markets And Address The “Korea Discount”
Taking a page from Japan’s playbook, South Korea’s financial regulatory authority outlined steps to enhance corporate governance on Monday in an effort to eliminate the “Korea discount” and strengthen its
Published on February 26, 2024
By Debdutta Ghosh
Economics
EU Carbon Border Tax Will Not Significantly Reduce Emissions – ADB Analysis
The Asian Development Bank (ADB) stated in a research released on Monday that while a European Union plan to put tariffs on high-carbon imports may harm emerging Asian nations, it
Published on February 26, 2024
By Debdutta Ghosh
Economics
Global Energy Dealers At The Top Face A Multibillion Dollar Financial Crunch
The world’s leading energy trading houses are facing an increasingly pressing issue as they get ready for the largest annual industry gathering this week in London: what to do with
Published on February 26, 2024
By Debdutta Ghosh
World & Politics
US To Impose Further Sanctions On Russia
In an interview on Thursday, Deputy U.S. Treasury Secretary Wally Adeyemo said that the sanctions the country will apply on Friday will commemorate the second anniversary of Russia’s invasion of
Published on February 23, 2024
By Debdutta Ghosh
World & Politics
Why The West Is Crucial To Ukraine’s Future In The Third Year Of War
The outcome of the fight will be decided not only on the battlefield but also in Western capitals and other locations away from the front lines as the war in
Published on February 23, 2024
By Debdutta Ghosh
Business & Finance
Chip Companies From Taiwan Are Moving To Japan As China’s Decoupling Quickens
As more and more Taiwanese chip businesses develop here, not only to support a new TSMC facility but also because they are thrilled about the Japanese sector’s prospects, Japan’s efforts
Published on February 22, 2024
By Debdutta Ghosh
Economics
Nikkei Sets A Record High, Partying Like It’s 1989
In 1989, during the heyday of the bubble economy, Japanese equities reached a record high that they broke on Thursday. This is because of corporate reforms and low valuations that
Published on February 22, 2024
By Debdutta Ghosh
Economics
Bitcoin Regains Its $1 Trillion Crown Market Cap With Ease
Bitcoin is soaring right now. The largest cryptocurrency in the world has increased in value by 22% to $52,005 this year, surpassing the $1 trillion market cap for the first
Published on February 20, 2024
By Debdutta Ghosh
Business & Finance
Zee Entertainment Of India Wants To Resurrect A $10 Billion Merger With Sony: Reports
The $10 billion merger deal between India’s Zee Entertainment and Japan’s Sony Group was cancelled on January 22. The Indian business daily Economic Times reported on Tuesday, citing persons with
Published on February 20, 2024
By Debdutta Ghosh
Economics
China Spent More On Travel Than Before The COVID-19 Pandemic During The Lunar New Year Vacations
According to official data, China’s tourism earnings for the Lunar New Year holidays ending on Saturday exceeded 2019 levels and increased by 47.3% year over year due to a surge
Published on February 19, 2024
By Debdutta Ghosh
Economics
France Lowers Its 2024 Growth Estimate As The Economic Outlook Becomes Bleak.
The French government’s estimate for GDP growth in 2024 was dropped to 1% from 1.4%, according to French Finance Minister Bruno Le Maire, as the economic picture was clouded by
Published on February 19, 2024
By Debdutta Ghosh
Economics
Key Policy Rate Kept Unchanged By China Central Bank In The Shadow Of The US Federal Reserve
While rolling over medium-term loans that were about to mature, China’s central bank kept a key policy rate steady on Sunday as was predicted. Beijing’s monetary policy options are limited
Published on February 18, 2024
By Debdutta Ghosh
Economics
US January Wholesale Prices Increase More Than Anticipated, Which Is Another Indication Of Ongoing Inflation
According to a US Department of Labour data released on Friday, wholesale prices in the US increased more than anticipated in January, further clouding the picture of inflation. The largest
Published on February 18, 2024
By Debdutta Ghosh
Economics
Unperturbed By Recession, BoJ Leaves April Policy Change On The Table
Despite the economy entering a recession, the Bank of Japan is expected to remove negative interest rates in the next months, according to reports quoting information from people familiar with
Published on February 16, 2024
By Debdutta Ghosh
Economics
UK Consumers Are Spending More, Indicating A Speedy End To The Recession
With consumers resuming their spending habits in January, British retail sales surged at their fastest rate in over three years, indicating that the economy may rebound swiftly from the recession
Published on February 16, 2024
By Debdutta Ghosh
Business & Finance
The Potential Impact Of A Second Trump Term On US Energy Policy
According to Republican policy experts and Trump’s campaign website, if former US President Donald Trump were to return to power following the November election, he would attempt to erase much
Published on February 16, 2024
By Debdutta Ghosh
Economics
Japan Economy Slips Into Recession Unexpectedly Making Germany The Third-Biggest Economy Of The World
Unexpectedly entering a recession at the end of the previous year, Japan lost its position as the third-largest economy in the world to Germany, casting doubt on the timing of
Published on February 15, 2024
By Debdutta Ghosh
Economics
With The Chinese Economy Slowing, Some Youth Choose To Forego Corporate Careers In Favour Of “Me Time”
Chu Yi, who is opting to “lie flat”—a Chinese euphemism for people who work just enough to afford to spend their time on what they enjoy—is faced with dwindling job
Published on February 15, 2024
By Debdutta Ghosh
Economics
Bitcoin’s Market Capitalization Rises To $1 Trillion As It Surpasses A Two-Year Peak
According to CoinMarketCap data, the market capitalization, or total worth of bitcoin in circulation, increased beyond $1 trillion on Wednesday for the first time since late 2021. During the day,
Published on February 14, 2024
By Debdutta Ghosh
Economics
Rate Cut Reconsideration Creates Chaos In World Markets
Wednesday saw difficulties on Asian markets as traders reduced their expectations for interest rate reduction by the Federal Reserve later in the year and the implications for central banks around
Published on February 14, 2024
By Debdutta Ghosh
Economics
Recession Calls Are Ignored By Bullish Investors For The First Time Since April 2022
According to a Bank of America study released on Tuesday, investors around the world are more confident than they have been in the past two years this month and no
Published on February 13, 2024
By Debdutta Ghosh
Economics
OPEC Secretary General Predicts A Strong Long-Term Demand Outlook
The Secretary General of OPEC stated on Tuesday that the postponement of plans to expand Saudi Arabia’s oil output should not be construed as a sign that the market for
Published on February 13, 2024
By Debdutta Ghosh
Business & Finance
France Ends Its Subsidised EV Leasing Initiative In Response To High Demand
After demand greatly outstripped earlier projections, the French government stated that it was suspending its initiative to support low-income individuals leasing electric cars for the remainder of the year. Since
Published on February 12, 2024
By Debdutta Ghosh
Economics
In 2023, The Robot Invasion Saw A Lull As The US Economy Weakened
The robotic invasion of North America’s workforce has been steadily increasing over the past five years, but there was a hiccup last year when businesses in the region ordered roughly
Published on February 12, 2024
By Debdutta Ghosh
Economics
Despite Mixed Revisions In US Consumer Price Slow Inflation Trend Persists
The December increase in U.S. monthly consumer prices was smaller than first estimated, but overall inflation revisions were varied and did not change predictions regarding when the Federal Reserve would
Published on February 10, 2024
By Debdutta Ghosh
Business & Finance
Job Losses Extend Beyond The Technology Sector
Many American and Canadian businesses, primarily in the media and technology industries, have started the year with workforce reductions in an effort to control expenses in an unstable economic climate.
Published on February 10, 2024
By Debdutta Ghosh
Science & Technology
A New Record In Nuclear Fusion Moves The Aspiration Of Clean Energy Nearer
The world is getting closer to realising the ideal of clean, endless power with the recent experiment that produced more energy than any previous nuclear fusion experiment. The JET laboratory
Published on February 9, 2024
By Debdutta Ghosh
Economics
Prices For Cocoa Soar To Record Highs As Inclement Weather Reduces Crop Yields In West Africa
This week has seen an unprecedented spike in cocoa prices as unfavourable weather severely damages crop output in West Africa, which produces three quarters of the world’s supply. Since the
Published on February 9, 2024
By Debdutta Ghosh
Management
Australia Will Permit Employees To Disregard Supervisor Calls Made After Hours
Australia is set to implement legislation that would grant employees the freedom to refuse irrational calls and messages from their supervisors during non-working hours. Employers that violate this policy may
Published on February 8, 2024
By Debdutta Ghosh
Economics
Europe Is In A Dilemma Over Chinese Imports, While The Solar Industry Is In Turmoil
The switch to green energy in Europe is caught in a difficult situation. Record solar energy installations are being driven by a rush of low-cost Chinese solar panel imports. However,
Published on February 8, 2024
By Debdutta Ghosh
Business & Finance
How Businesses Are Reacting To Attacks On Ships?
The quickest shipping route between Europe and Asia has been hampered by attacks on vessels by Houthi terrorists in Yemen who are backed by Iran. Targeting a corridor that carries
Published on February 5, 2024
By Debdutta Ghosh
Economics
Some Chinese Exporters Are Driven To The Edge By The Country’s Plummeting Prices
Kris Lin, the owner of a lighting manufacturer in China, was confronted with a difficult decision when he received the first order of the year from a close overseas client:
Published on February 5, 2024
By Debdutta Ghosh
Economics
Giants In Consumer Goods May Experience A Halt To Their Margin Recovery As The Benefits Of Price Increases Fade
Giants in the consumer goods industry may experience a slowdown in their robust profit recovery if cautious consumer spending offsets softening input costs following several quarters of sharp inflation, even
Published on January 31, 2024
By Debdutta Ghosh
Economics
IMF Raises Growth Prediction For Emerging Asia, Alerts Investors To China’s Real Estate Dangers, But Notes India Is A Shining Example
The International Monetary Fund updated its 2024 growth prediction for the economies of developing Asia, citing dangers from China’s worsening property sector crisis while maintaining its bullish outlook for India.
Published on January 31, 2024
By Debdutta Ghosh
Economics
Germany’s Economic Problems Cloud Chances Of Central Europe’s Recovery
The next major difficulty for the export-oriented nations of central Europe Germany, still licking their wounds from some of the greatest inflation rises in history following the COVID-19 pandemic, is
Published on January 30, 2024
By Debdutta Ghosh
Science & Technology
Chinese Hacking Network Aimed At US Vital Infrastructure Was Shut Down By The US
In response to a widespread Chinese hacking operation that successfully infiltrated thousands of internet-connected devices, the U.S. government initiated an operation in recent months, according to two Western security officials
Published on January 30, 2024
By Debdutta Ghosh
Business & Finance
First Alcohol Store Opens In Saudi Arabia As The Country Attempts To Stop The Longtime Issue Of Booze Smuggling
Open only to non-Muslim diplomats, the first alcohol store in Saudi Arabia has been opened in the country’s capital, Riyadh. It may only impact a small number of people, but
Published on January 29, 2024
By Debdutta Ghosh
Economics
LVMH Performance Spurs $70 Billion Investment In Stocks Of Luxury Companies
Investors poured money back into high-end luxury shares, increasing their market value by almost $70 billion as LVMH’s most recent sales numbers gave them confidence that the industry would weather
Published on January 29, 2024
By Debdutta Ghosh
Economics
In 2023, China’s Industrial Profits Decreased By 2.3%
As a result of weak domestic and international demand, profits at China’s industrial companies dropped 2.3% in 2023—their second consecutive year of decrease. This put more pressure on economic development
Published on January 29, 2024
By Debdutta Ghosh
Economics
S&P 500 Rises To An All-Time High, Signalling A Market Recovery
Tech stocks and improving economic sentiment drove US stock prices to all-time highs on Friday. The S&P 500 index, which measures the stocks of the largest corporations in America, closed
Published on January 21, 2024
By Debdutta Ghosh
