Debdutta Ghosh
Economics
Is The US Dollar In Jeopardy And What Is A BRICS Currency?
In order to lessen their reliance on changes in the dollar exchange rate, the president of Brazil called on the BRICS countries to establish a single currency for trade and
Published on August 24, 2023
By Debdutta Ghosh
Business & Finance
China Stealthily Hires Foreign Top Talent As The US Tightens Restrictions
Up until 2018, China attempted to hire top scientists with advanced degrees from outside as part of a lavishly funded programme that Washington saw as a threat to American interests
Published on August 24, 2023
By Debdutta Ghosh
Economics
Lithium Buyers Are Interested In Australia’s Cheaper Early-Stage Transactions
As a result of some of the top producers of the battery material in the world as well as other interested parties vying for supplies, emerging Australian lithium companies are
Published on August 22, 2023
By Debdutta Ghosh
Business & Finance
Plant In Chongqing, China Is Put Up For Sale By Beijing Hyundai
As the South Korean automaker changes its strategy in China in the face of severe pricing competition and weakening demand, Beijing Hyundai Motor has listed its Chongqing facility for sale
Published on August 22, 2023
By Debdutta Ghosh
Business & Finance
$9.6 Bln Sale Of Subway To Arby’s Owner Roark Is Nearing: Report
According to the Wall Street Journal, a deal to buy sandwich company Subway for around $9.6 billion is close to being finalised by Roark Capital, which already owns the eateries
Published on August 22, 2023
By Debdutta Ghosh
Economics
S&P Downgrades A Number Of US Banks Due To Rising Liquidity Concerns
The financial health of US lenders would likely be put to the test by rising funding costs and issues in the commercial real estate sector, according to S&P Global, which
Published on August 22, 2023
By Debdutta Ghosh
Economics
Despite Rising Yuan Risks, China Surprises With A Slight Rate Drop
As part of increased efforts to boost credit demand, China lowered its benchmark lending rate for one year on Monday. However, markets were taken aback when China kept the rate
Published on August 21, 2023
By Debdutta Ghosh
Business & Finance
Aussie Grocers Will Make Positive Profits Due To Persistent Inflation; Consumer Behaviour Is Crucial
Australian supermarkets are expected to post higher full-year profits as decades-high inflation supported shelf pricing; but, economists say that the outlook on consumer behaviour in light of increased borrowing costs
Published on August 21, 2023
By Debdutta Ghosh
Economics
During London And New York Business Hours, China’s State Banks Were Observed Exchanging Dollars For Yuan: Reuters
In an effort to stop the yuan’s depreciation, China’s big state-owned banks were reportedly busy this week selling U.S. dollars to buy yuan in both onshore and offshore spot foreign
Published on August 17, 2023
By Debdutta Ghosh
Economics
Fed And Experts Revise Their Forecasts For A US Recession
A year ago, a sizable portion of the U.S. believed the nation was in, or would soon enter, a recession. You can blame this belief on the disconnect between economic
Published on August 17, 2023
By Debdutta Ghosh
Economics
Headline Inflation In The UK Falls Significantly In July To 6.8% As Had Been Predicted
The headline inflation rate in the United Kingdom fell significantly in July to an annual 6.8%, but the core CPI stayed steady, potentially giving the Bank of England a headache.
Published on August 16, 2023
By Debdutta Ghosh
Economics
As Negative Risks Increase, China May ‘Miss The 5%’ Growth Target For 2023
Without additional assistance, economists believe China will gradually miss its 5% growth goal for this year. The nation stopped publishing data on youth unemployment on Tuesday after it reached record
Published on August 16, 2023
By Debdutta Ghosh
Economics
New Home Prices In China Decline For The First Time This Year, Which Is Bad For The Economy
In July, new home prices in China decreased for the first time this year. This is only the latest in a spate of unfavourable reports that indicate a rapid loss
Published on August 16, 2023
By Debdutta Ghosh
Economics
Unexpected Rate Cut By The Chinese Central Bank Are Made To Help The Economy
China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the
Published on August 16, 2023
By Debdutta Ghosh
Economics
China Lowers Key Rates As July’s Dismal Set Of Data Clouds The Outlook For The Economy
A wide range of Chinese data released on Tuesday showed that there was increased pressure on the economy from several directions. As a result, Beijing slashed key policy rates to
Published on August 15, 2023
By Debdutta Ghosh
Economics
Japan’s Second Quarter GDP Surpasses Expectations As Exports Soar
In April through June, Japan’s economy expanded considerably more quickly than anticipated thanks to brisk auto exports and tourist arrivals, which lessened the negative effects of a sluggish post-COVID consumer
Published on August 15, 2023
By Debdutta Ghosh
Science & Technology
Spread Of ChatGPT Enthusiasm Into US Workplace Alarms Some
Despite concerns that have prompted employers like Microsoft and Google to limit its usage, a Reuters/Ipsos poll indicated that many workers across the U.S. are using ChatGPT to assist with
Published on August 14, 2023
By Debdutta Ghosh
Business & Finance
In A Global Drive, BYD Exhorts China’s Automakers To Band Together And “Demolish The Old”
A patriotic appeal to unite the industry and “demolish the old legends” of the international market made by China’s top-selling automaker has gone viral, garnering praise as well as a
Published on August 14, 2023
By Debdutta Ghosh
Economics
US Begins The Process Of Limiting Some Investment In Crucial Technologies In China
The White House announced on Wednesday that it will start limiting American investments in some critical Chinese technologies and needing government approval for other ventures, but warned that it might
Published on August 9, 2023
By Debdutta Ghosh
Economics
China Experiences Deflation As Attempts To Spark A Recovery Stumble
As China, the second-largest economy in the world battled to restore demand and pressure built on Beijing to provide more direct policy stimuli, China’s consumer sector entered a state of
Published on August 9, 2023
By Debdutta Ghosh
Economics
Italian Banks Are Shocked By A 40% Windfall Tax For 2023
After chastising bankers for failing to reward depositors, Italy surprised its banks and sent shockwaves through the European financial sector by imposing a one-time 40% tax on profits generated by
Published on August 8, 2023
By Debdutta Ghosh
Business & Finance
Rivian Increases Its Objective For EV Manufacturing In 2023 And Offers Assurances About Liquidity
Rivian Automotive increased its full-year production forecast, and the company’s CEO claimed that as long as expenditures are kept in check, the electric vehicle manufacturer will have enough cash to
Published on August 8, 2023
By Debdutta Ghosh
Science & Technology
China Announces Measures To Limit The Use Of Facial Recognition Software
China intends to limit the use of facial recognition technology by enterprises in favour of non-biometric personal identification techniques, according to draft regulations from the Cyberspace Administration published on Tuesday.
Published on August 8, 2023
By Debdutta Ghosh
Science & Technology
All About Semiconductors
The UK’s semiconductor industry, which the government described as “vitally important for the modern world we live in,” will now be governed by a new panel. Governments all across the
Published on August 8, 2023
By Debdutta Ghosh
Economics
China Cannot ‘Extend And Pretend’ Much Longer With Municipal Debt
The “basket of measures” that China has committed to do to reduce the risks associated with local government debt are likely to include special bond issuance, debt swaps, loan rollovers,
Published on August 7, 2023
By Debdutta Ghosh
Business & Finance
Aramco Q2 Earnings Decline 38% To $30.1 Billion Yet Dividend Increases
Aramco, the state-owned oil company of Saudi Arabia, announced a nearly 38% decline in second-quarter net profit on Monday due to lower oil prices and thinner margins in the refining
Published on August 7, 2023
By Debdutta Ghosh
Economics
India’s Limitation On The Import Of Laptops And PCs Could Harm Apple And Samsung
In one of the biggest marketplaces for consumer electronics, India placed restrictions on the importation of personal computers and tablets, citing security concerns and the need to increase domestic manufacturing.
Published on August 5, 2023
By Debdutta Ghosh
Business & Finance
Significant Trade Gaps Keep Inexpensive Chinese Goods Coming To The US
A long-standing loophole that permits inexpensive goods like $10 dresses to arrive in U.S. mails tariff-free has spurred the rapid emergence of shopping sites offering Chinese-made goods, such Shein and
Published on August 5, 2023
By Debdutta Ghosh
Business & Finance
Moderna Anticipates Private Market Sales Of Covid Shots Reaching $4 Billion In 2023
When sales of the COVID-19 vaccine go from government contracts to the private market this year, Moderna Inc. projects up to $4 billion in revenue, and it anticipates further demand
Published on August 3, 2023
By Debdutta Ghosh
Business & Finance
Despite Exceeding Sales Projections, Apple Predicts A Continued Decline In Sales, And Shares Are Down 2%.
Despite exceeding Wall Street sales and earnings projections in the fiscal third quarter, Apple anticipated that a sales downturn would last into the current quarter, driving shares lower. After Apple
Published on August 3, 2023
By Debdutta Ghosh
Business & Finance
Toyota Updates The Legendary Land Cruiser With A Hybrid Model
In an effort to revive a famous and high-margin sports utility vehicle, Toyota presented the first hybrid Land Cruiser on Wednesday. The car will be sold in North America and
Published on August 2, 2023
By Debdutta Ghosh
Economics
Australians Are Fighting For The Permanent Ability To Work From Home
The Melbourne property surveyor that uses drone operator Nicholas Coomber called its 180-person crew into the office each day at 9 a.m. to distribute assignments before COVID-19 sent one-third of
Published on August 2, 2023
By Debdutta Ghosh
Business & Finance
If Microsoft Can’t Get Enough AI Processors For Its Data Centres, There May Be Service Interruptions
Investors are being reminded by Microsoft that graphics processing units are a crucial component of its rapidly expanding cloud business. The software developer included language regarding GPUs to a risk
Published on July 28, 2023
By Debdutta Ghosh
Economics
India Tries To Become A Semiconductor Superpower By Courting American Chip Companies
At an event on Friday that was attended by Prime Minister Narendra Modi, the heads of some of the top semiconductor companies in the United States praised India’s technology sector
Published on July 28, 2023
By Debdutta Ghosh
Economics
With Slowing Inflation, Global Central Banks Start To Change Their Policies
The world’s top central banks resumed raising interest rates this week despite falling inflation, but they are now taking a more cautious approach to future movements, suggesting that the year-long
Published on July 28, 2023
By Debdutta Ghosh
Economics
Chipmakers Say The Supply Glut Is Diminishing, But The Demand Recovery Is Still Very Sluggish
The beginning of the end of a semiconductor supply glut is being celebrated by global chipmakers, from Intel to Samsung, but the forecast for demand from clients outside the artificial
Published on July 28, 2023
By Debdutta Ghosh
Economics
US Fed’s Powell Leaves Room For Another Rate Increase In September As The Fed Raises Rates Aa Expected
The United States Federal Reserve increased interest rates on Wednesday by a quarter of a percentage point. Fed Chair Jerome Powell stated that for inflation to “credibly” return to the
Published on July 26, 2023
By Debdutta Ghosh
Business & Finance
Airlines Prepare For The Impact Of A New Engine Issue With Pratt & Whitney
Following new issues with some of RTX’s Pratt & Whitney engines, airline executives are furious about the possibility of grounding aircraft and reducing flight capacity during a busy summer travel
Published on July 26, 2023
By Debdutta Ghosh
Economics
Memory Chip Recovery Has Started, According To SK Hynix, Which Also Mentions Strong Demand For AI
The memory chip market is beginning to rebound from a severe downturn, according to South Korea’s SK Hynix, which also reported on Wednesday that strong demand for artificial intelligence products
Published on July 26, 2023
By Debdutta Ghosh
Economics
Consumer Confidence In The US Reaches A Two-Year High, But Recession Worries Persist
In July, amid a continuously tight labour market and declining inflation, U.S. consumer sentiment reached a two-year high, improving the outlook for the economy in the short term. However, the
Published on July 26, 2023
By Debdutta Ghosh
Economics
With A Weakening Services Sector Growth, U.S. Business Activity Growth Also Decreases
According to closely watched survey data released on Monday, the growth of the service sector contributed to a five-month low in U.S. business activity in July. However, falling input prices
Published on July 24, 2023
By Debdutta Ghosh
Economics
Fears Of A Recession Returns As Euro Zone Business Slowdown Worsens
Business activity in the euro zone shrank significantly more than anticipated in July as demand fell in the major services sector of the union and factory output decreased at the
Published on July 24, 2023
By Debdutta Ghosh
Economics
The “Barbie” Movie Rekindles Interest In The Market For Doll Collectors
In the 1970s, Matthew Keith used his allowance money to purchase his first Barbie dolls, which he kept from his parents out of concern that they would criticise the toys
Published on July 23, 2023
By Debdutta Ghosh
Economics
G20 Bloc Is Unable To Agree On Reducing The Use Of Fossil Fuels
Following protests from several producer nations, the Group of 20 (G20) major economies’ conference in India on Saturday was unable to come to a consensus on the gradual phase-out of
Published on July 23, 2023
By Debdutta Ghosh
Science & Technology
White House Says OpenAI, Google, And Others Promise To Watermark AI Content For Security
The White House has received voluntary commitments from AI businesses including OpenAI, Alphabet, and Meta Platforms to implement safety measures like watermarking AI-generated content, the president Joe Biden said on
Published on July 21, 2023
By Debdutta Ghosh
Economics
Dead EV Batteries Become Valuable Thanks To US Subsidies
Companies in the United States are rushing to recycle electric vehicle batteries in North America due to a little-known provision in the U.S. Inflation Reduction Act, putting the continent at
Published on July 21, 2023
By Debdutta Ghosh
Economics
Though Japan’s Inflation May Have Peaked, The BOJ’s Stance Is Not About To Alter
Data indicated that although Japan’s core inflation remained over the central bank’s 2% target in June for the fifteenth consecutive month, an index that excludes the impact of energy costs
Published on July 20, 2023
By Debdutta Ghosh
Economics
Crypto Stolen By North Korean Hackers After Breaching A US Tech Firm
According to the company and cybersecurity specialists, a hacking organisation supported by the North Korean government infiltrated an American IT management company and used it as a launching pad to
Published on July 20, 2023
By Debdutta Ghosh
Economics
Sharp Decline In UK Inflation Provides Some Respite To The Bank Of England
According to official figures, British inflation dropped more than forecast in June and slowed to 7.9%, which will lessen some of the pressure on the Bank of England to continue
Published on July 20, 2023
By Debdutta Ghosh
Economics
Why China Might Be The Next Thorn In The Side Of The Luxury Market
In recent years, the luxury goods business has relied primarily on China and North America for growth, but recent Chinese economic numbers and a disappointing sales report from Cartier-owner Richemont
Published on July 20, 2023
By Debdutta Ghosh
