Debdutta Ghosh
Business & Finance
US And India Are Developing A Platform To Quicken The Energy Transition, Says Yellen
According to U.S. Treasury Secretary Janet Yellen, the country is collaborating with India to create an investment platform that will cut the cost of financing, boost private investment, and hasten
Published on July 17, 2023
By Debdutta Ghosh
Economics
China’s Fragile Q2 GDP Growth Highlights The Need For Additional Policy Backing
The second quarter saw China’s economy expand at a sluggish rate due to weak domestic and international demand. As a result, pressure on officials to provide additional stimulus to support
Published on July 17, 2023
By Debdutta Ghosh
Economics
Chinese Export Restrictions On Chip Metal Are “A Wake-Up Call” For Other Nations To Diversify Their Supply Chains
Some nations may decide to diversify their supply chains beyond China as a result of China’s restrictions on the export of germanium and gallium as metals. “This could be a
Published on July 12, 2023
By Debdutta Ghosh
World & Politics
G7 Nations Ratify A Statement Outlining Ukraine’s Long-Term Security Commitments
On Wednesday, the Group of Seven developed countries unveiled a long-term security plan for Ukraine. They also stated that they will try to put reforms into place to assist Kyiv
Published on July 12, 2023
By Debdutta Ghosh
Business & Finance
Smaller Cities Of India Are Becoming Home To International Accounting Firms
Major accounting firms are increasing their investments in new locations outside of major cities in India as demand for more affordable back office operations increases and smaller communities advance along
Published on July 12, 2023
By Debdutta Ghosh
Economics
OECD Says 27% Of Occupations Are At High Risk From The AI Revolution
According to the OECD, more than a quarter of employment in the region depend on abilities that the impending artificial intelligence revolution might readily automate, and people worry that AI
Published on July 12, 2023
By Debdutta Ghosh
Economics
Global Hedge Funds Excel, Propelled By AI-HFR In June
According to data source HFR, global hedge funds saw gains of 2.2% in June as artificial intelligence-related stocks rose and the banking crisis subsided. Hedge funds increased their investors’ wealth
Published on July 10, 2023
By Debdutta Ghosh
World & Politics
Experts Estimate That 61,000 Europeans May Have Perished In Last Summer’s Heatwaves
According to new research, as many as 61,000 people may have perished in Europe’s oppressive heatwaves last summer, revealing that nations’ efforts to prepare for the heat are catastrophically failing.
Published on July 10, 2023
By Debdutta Ghosh
Economics
South Korea Orders Banks To Set Aside $4 Billion For Supporting Credit Unions
According to two banking sources familiar with the situation on Monday, South Korea’s financial services regulator has requested major commercial banks to set aside $4 billion in financing to help
Published on July 10, 2023
By Debdutta Ghosh
Economics
China’s Deflationary Trend A Mixed-Bag
Consumer prices fell 0.2% on the month in June, shocking analysts on the downside and leaving the annual CPI at zero. The annual fall in producer prices of 5.4% was
Published on July 10, 2023
By Debdutta Ghosh
Science & Technology
Robots Assert That They Won’t Steal Jobs And Will Oppose People
In a Friday presentation at an AI event, robots stated that they would neither take human employment or rebel against us but rather would grow in number and assist in
Published on July 8, 2023
By Debdutta Ghosh
Economics
Yellen Pushes Market Reforms And Criticises China’s ‘Punitive’ Tactics Against US Businesses
China’s leader urged her to “meet China halfway” and restart bilateral relations as U.S. Treasury Secretary Janet Yellen advocated for market reforms and criticised China’s recent harsh moves against American
Published on July 8, 2023
By Debdutta Ghosh
Economics
Yellen Is Attempting To Soothe The Tense Yet Close US-China Trade Relations
The world’s two largest economies continue to be closely linked, despite some warning signals of impending weakening, as U.S. Treasury Secretary Janet Yellen attempts to calm an increasingly tense relationship
Published on July 7, 2023
By Debdutta Ghosh
Business & Finance
30 Million People Quickly Join Up For Meta’s Threads, Posing An Obvious Threat To Musk-Owned Twitter
As a result of its access to billions of Instagram users and a resemblance to its rival’s design, Meta’s Threads amassed more than 30 million sign-ups within around 18 hours
Published on July 7, 2023
By Debdutta Ghosh
Economics
US States It Opposes Chinese Export Restrictions On Metals And Will Consult With Allies
A representative for the U.S. Commerce Department stated on Wednesday that Washington “firmly” opposes China’s export restrictions on the metals gallium and germanium, which are used to create semiconductors and
Published on July 6, 2023
By Debdutta Ghosh
Business & Finance
As The Chip Glut Remains, Samsung’s Profit Will Likely Be At Its Lowest Level In Over 14 Years
Despite a supply decrease, Samsung Electronics’ June-quarter earnings is anticipated to fall 96% year on year to the lowest for any quarter in more than 14 years, as a chip
Published on July 6, 2023
By Debdutta Ghosh
Economics
Oil Prices Falls As Supply Cuts Are Overshadowed By Economic Headwinds
As worries about a worldwide economic slowdown impacted on market sentiment, oil prices dipped on Wednesday, reversing some gains achieved after Saudi Arabia and Russia declared they will extend and
Published on July 5, 2023
By Debdutta Ghosh
Economics
With Increasing Demand, Japan’s Service Sector Keeps A Steady Pace, Shows PMI Data
A private-sector poll released on Wednesday revealed that Japan’s service industry continued to expand quickly in June as consumer demand was rekindled by the lifting of pandemic-related restrictions. From a
Published on July 5, 2023
By Debdutta Ghosh
Economics
The Only Major Economy Which Still Has Rising Inflation Is Britain
According to information provided by the Organisation for Economic Cooperation and Development, the United Kingdom is the only one of the wealthy Group of Seven countries where inflation is still
Published on July 4, 2023
By Debdutta Ghosh
Economics
Beijing Pokes US-China Tech Rivalry With Export Restrictions On Chip Materials
On Tuesday, companies scrambled to secure supply as some industry suppliers worried that limitations on rare earth shipments would follow China’s decision to restrict exports of key metals widely used
Published on July 4, 2023
By Debdutta Ghosh
Economics
Global Factory Output Declines Due To Insufficient Demand
Business surveys released on Monday revealed a decline in global industrial activity in June as weak demand in China and Europe clouded the picture for exporters. Manufacturing shrank more quickly
Published on July 3, 2023
By Debdutta Ghosh
Economics
Japan’s Business Climate Is Improving, Signalling A Sustained Economic Rebound
According to a central bank survey, business optimism in Japan increased in the second quarter as raw material prices reached their high and pandemic restrictions were relaxed, indicating the economy
Published on July 3, 2023
By Debdutta Ghosh
Business & Finance
Ellison Says Oracle Would Spend “Billions” On Nvidia Chips In 2023
According to Oracle Corp. founder and chairman Larry Ellison, the company is investing “billions” of dollars in Nvidia Corp. chips as it grows a cloud computing service aimed at a
Published on June 29, 2023
By Debdutta Ghosh
Economics
Study Reveals That 130 Nations Are Experimenting With Central Bank Digital Currencies
According to a widely watched research, 130 nations, or 98% of the world’s economies, are currently studying digital versions of their national currencies, with over half in advanced development, pilot,
Published on June 29, 2023
By Debdutta Ghosh
Science & Technology
Petronas CEO Says Asia Must Achieve Net Zero Before The Rest Of The Globe
According to Malaysia’s state-owned oil and gas giant Petronas CEO, Asia must reach net zero before the rest of the world can. “The bulk of the emissions [that] are expected
Published on June 28, 2023
By Debdutta Ghosh
Economics
US Exploring Further Limitations On China Imports Of AI Chips
The Wall Street Journal reported on Tuesday, citing people with knowledge of the situation, that the US is exploring further limitations on the export of AI technology to China. In
Published on June 28, 2023
By Debdutta Ghosh
Economics
HSBC Predicts A Recession For The U.S. This Year And One In Europe In 2024
According to HSBC Asset Management, the U.S. will experience a slowdown in the fourth quarter, which will be followed by a “year of contraction and a European recession in 2024.”
Published on June 28, 2023
By Debdutta Ghosh
Economics
To Support Oil Markets, Saudi Aramco Is Eyeing China And India
Aramco, the state-owned oil company of Saudi Arabia, is optimistic about the oil market for the remainder of 2023 because demand from the two largest importers, China and India, is
Published on June 27, 2023
By Debdutta Ghosh
Economics
Bitcoin Rises On Blackrock Buzz In The Cryptocurrency Space
With the help of Wall Street’s elite, Bitcoin, the currency designed to challenge the financial system, has recovered from its illness of several weeks. Over the past 11 days, the
Published on June 27, 2023
By Debdutta Ghosh
Business & Finance
After The Tax Leak Controversy, PwC Australia Sold A Business Unit For 50 Pence.
Following a scandal involving the misappropriation of secret government tax plans, PwC Australia has announced that it will sell its government business for A$1 (50p). The country’s new top executive
Published on June 27, 2023
By Debdutta Ghosh
Economics
Recent Increases In Business Defaults Are The Result Of High Interest Rates And Economic Instability
In order to combat inflation, the Federal Reserve intends to maintain raising interest rates; hence, a rise in corporate default rates is likely in the near future. The corporate default
Published on June 25, 2023
By Debdutta Ghosh
Science & Technology
No Concrete Proof That COVID Began In A Wuhan Lab, According To A US Intelligence Report
According to a study that was disclosed on Friday, U.S. intelligence agencies did not discover any concrete proof that the COVID-19 epidemic was caused by an incident at China’s Wuhan
Published on June 25, 2023
By Debdutta Ghosh
Economics
Bitcoin Reaches A More Than Yearly High Amid Enthusiasm Over The BlackRock ETF
The largest cryptocurrency in the world, Bitcoin, reached a record high on Friday, concluding a week of gains that were aided in part by BlackRock’s (BLK.N) decision to launch an
Published on June 24, 2023
By Debdutta Ghosh
Management
Nissan Looks Into Complaints CEO Put The Deputy Under Observation
According to four persons with firsthand knowledge of the situation, Nissan has opened an investigation into charges made by a top adviser that Chief Executive Makoto Uchida secretly watched his
Published on June 24, 2023
By Debdutta Ghosh
Business & Finance
With Looming Shortages, Auto Companies Scramble To Obtain Non-Chinese Graphite For EVs
As demand for EV batteries for the first time surpasses other applications for the mineral due to increasing EV sales, automakers, including Tesla and Mercedes, are scrambling to lock in
Published on June 21, 2023
By Debdutta Ghosh
Economics
Greater Than Anticipated Severity Of The German Recession: Ifo
According to the Ifo Institute’s projections released on Wednesday, the German economy will fall more than initially anticipated this year as sticky inflation hurts private spending. “The German economy is
Published on June 21, 2023
By Debdutta Ghosh
Business & Finance
Indian Airlines Hold Centre Stage At Paris Air Show With Another Impending Big Jet Deal
Tuesday was anticipated to see India continue to dominate the Paris Airshow as Air India finalised a massive order for 470 aircraft from Airbus and Boeing, according to sources familiar
Published on June 20, 2023
By Debdutta Ghosh
Economics
The “Great Resignation” Continues Since A Quarter Of Workers Seek New Jobs, Says PwC
As the economy slows and they are forced to deal with inflationary pressures, a quarter of workers polled by PwC anticipate to change employment in the coming year, up from
Published on June 20, 2023
By Debdutta Ghosh
Economics
China And Qatar Sign A Second Significant LNG Supply Agreement
Asia now clearly leads the race to secure gas supplies from Doha’s mammoth production expansion project after Qatar on Tuesday signed its second significant gas supply contract with a Chinese
Published on June 20, 2023
By Debdutta Ghosh
Science & Technology
Advances In Research On Naturally Decaffeinated Coffee Varieties Made By Coffee Research Group
Developing naturally decaffeinated arabica coffee types has been a two-decade study at a Brazilian coffee research institute. The researchers believe this invention could have enormous commercial potential. The programme is
Published on June 19, 2023
By Debdutta Ghosh
Economics
EU Energy Reform Agreement Is Shaken By A Late Push For Coal Subsidies
The European Union’s plans to ratify a reform of the bloc’s power market on Monday have been derailed by a last-minute request to extend subsidies for coal plants. The reform
Published on June 19, 2023
By Debdutta Ghosh
World & Politics
Taiwan Wants To Have Closer Relations With The EU In Exchange For Investing There In Chip Manufacturing
Taiwan’s Foreign Minister Joseph Wu stated last week during a tour to Europe that if European nations want Taiwanese investment in semiconductor manufacture to continue, they should improve relations with
Published on June 19, 2023
By Debdutta Ghosh
Business & Finance
Japan Will Allow Competition In The Apple And Google-Dominated Mobile App Market
According to a government panel, Japan wants to increase competition in the market for smartphone app payments, which is now dominated by Apple and Google, by outlawing the practise of
Published on June 19, 2023
By Debdutta Ghosh
Economics
Major Banks Downgrade China’s 2023 GDP Predictions As The Recovery Stalls
After May statistics revealed that the post-COVID recovery in the second-largest economy in the world was faltering, several major banks lowered their 2023 gross domestic product (GDP) growth projections for
Published on June 16, 2023
By Debdutta Ghosh
Economics
Tesco Claims Food Inflation In The United Kingdom Has Reached Its Pinnacle
As the company reported a 9% increase in underlying quarterly UK sales, Tesco, the largest retailer in the UK, said the country’s food inflation was beginning to lessen, providing some
Published on June 16, 2023
By Debdutta Ghosh
Economics
China Will Experience The Greatest Outflow Of Millionaires This Year, Study Report Shows
According to new data, China, which has the second-largest economy and population in the world, will once again have the greatest migration of billionaires this year. China is predicted to
Published on June 15, 2023
By Debdutta Ghosh
Economics
New Zealand Enters A Recession, Rate Increases Become Uncertain
According to figures released on Thursday, New Zealand entered a recession as a result of the first quarter’s economic contraction. This decreased the likelihood that the central bank would need
Published on June 15, 2023
By Debdutta Ghosh
Economics
Morgan Stanley Says Asia’s Growth Will Soon Surpass That Of The United States And Europe As Inflation There Has Peaked
By the end of the year, Morgan Stanley predicted that Asia’s growth will surpass that of the United States and Europe since the area had mostly avoided interest rate shocks.
Published on June 15, 2023
By Debdutta Ghosh
Economics
Australian Companies And Consumers Could Experience A Severe Downturn Soon
Tuesday’s Australian business and consumer surveys indicated that the economy was in trouble, with a decline in company activity accelerating and spending confidence remaining close to recessionary levels, all with
Published on June 14, 2023
By Debdutta Ghosh
Business & Finance
Toyota Unveiled Its Grand Goals For EV Innovation And Innovative Battery Technology
Future electric cars (EVs) would use high-performance, solid-state batteries and other technology from Toyota, the manufacturer announced on Tuesday. This strategic shift increased the value of the company’s stock. The
Published on June 14, 2023
By Debdutta Ghosh
