Debdutta Ghosh
Business & Finance
Hedge Fund Fees Have Dropped To Their Lowest Level Since The 2008 Financial Crisis, According To HFR
Fees for hedge fund have fallen down to their lowest level since the global financial crisis in 2008, according to research firm Hedge Fund Research (HFR), as investors face high
Published on January 6, 2023
By Debdutta Ghosh
Business & Finance
Dell Intends To End Using ‘Made In China’ Chips By 2024
Dell plans to phase out Chinese-made chips by 2024 and has instructed suppliers to significantly reduce the amount of other “made in China” components in its products as part of
Published on January 5, 2023
By Debdutta Ghosh
Business & Finance
Former Top Lawyer Of FTX Assisted US Authorities In The Bankman-Fried Case
FTX’s former top lawyer Daniel Friedberg has cooperated with US prosecutors in their investigation into the crypto firm’s collapse, putting more pressure on founder Sam Bankman-Fried, who was arrested on
Published on January 5, 2023
By Debdutta Ghosh
Economics
Dealmakers At Goldman Sachs Anticipate A Rebound In M&A Activity In The Second Half Of 2023
Despite a slowing in economic growth and a weak credit market, Goldman Sachs Group Inc’s top dealmakers are optimistic about a recovery in global mergers and acquisitions (M&A) in the
Published on January 4, 2023
By Debdutta Ghosh
Business & Finance
Rival Stock Suffers Less Damage Than Tesla As Both Miss EV Targets
Rivian Automotive narrowly missed its full-year production target of 25,000 vehicles in 2022, the firm said in a regulatory filing. Rivian’s shares fell nearly 6% to $17.34 prior to the
Published on January 4, 2023
By Debdutta Ghosh
Business & Finance
Tesla Makes Record Quarterly Deliveries But Falls Short Of Expectations
Tesla Inc reported record fourth-quarter production and deliveries, but it fell short of Wall Street expectations due to logistics issues, slowing demand, rising interest rates, and recession fears. According to
Published on January 3, 2023
By Debdutta Ghosh
Economics
Startups Emerge From The Ashes Of The Big Tech Purge
Nic Szerman lost his job at Meta Platforms in November, just two months after starting full-time, as the company cut 13% of its workforce as the advertising market tanked. Days
Published on January 3, 2023
By Debdutta Ghosh
Economics
The Worst Is Probably Over For Eurozone Factories, According To December PMIs
According to a survey released on Monday, the eurozone manufacturing downturn has likely passed its trough as supply chains begin to recover and inflationary pressures ease, resulting in a rebound
Published on January 2, 2023
By Debdutta Ghosh
Economics
Global Economy Will Have A Tougher Year In 2023, Warns IMF’s Georgieva
The main engines of global growth – the United States, Europe, and China – will all experience weakening activity in 2023, according to the head of the International Monetary Fund
Published on January 2, 2023
By Debdutta Ghosh
Business & Finance
Regulator Of Bahamas Is Holding FTX Assets Until They Are Delivered To Customers And Creditors
The Bahamas Securities Commission announced on Thursday that it is temporarily holding FTX assets worth $3.5 billion based on market pricing at the time of transfer in order to deliver
Published on December 30, 2022
By Debdutta Ghosh
Economics
Energy Crisis In Germany Drives Switch To Hydrogen For Energy
German company Kelheim Fibers started looking for alternatives to keep its engines running as soon as Russian gas exports to Germany were first disrupted in June. As a result, starting
Published on December 30, 2022
By Debdutta Ghosh
Science & Technology
In The Wake Of The Covid Wave, China Looks To Lemons, Peaches, And Traditional Medicine
Following China’s relaxation of strict zero-tolerance regulations, the number of cases of COVID increased there. As Chinese citizens rush to find a cure for the virus, the cost of lemons
Published on December 29, 2022
By Debdutta Ghosh
Economics
What Emerging Market Investors Should Be On The Lookout For In 2023
Although many investors are hopeful that 2023 could bring some relief, it has been a difficult year for emerging markets, with more governments stumbling into default, currencies suffering, and double-digit
Published on December 29, 2022
By Debdutta Ghosh
Business & Finance
Dealmakers Struggle With An Unparalleled US Resistance To Mergers
Under US President Joe Biden, investment bankers and deal lawyers accustomed to regulatory obstacles to their mergers face an unprecedented challenge from antitrust watchdogs who are unfazed when they lose
Published on December 27, 2022
By Debdutta Ghosh
Economics
Commodities And Stocks Rise As China Lifts Its Quarantine Rule
Tuesday’s stock markets surged after China announced it would eliminate the COVID-19 quarantine requirement for incoming travellers, marking a significant step toward reopening its borders. In contrast to an index
Published on December 27, 2022
By Debdutta Ghosh
Economics
Russian Gas Shipments To Europe Through The Yamal-Europe Pipeline Will Resume, According To Novak
According to Russian Deputy Prime Minister Alexander Novak, the Yamal-Europe Pipeline is ready to start carrying gas once again from Russia to Europe. “The European market remains relevant, as the
Published on December 26, 2022
By Debdutta Ghosh
Business & Finance
Investors Granted Permission By Israeli Regulator To Launch A New Digital Bank
An entrepreneurial group was granted a conditional license and control permit by Israel’s banking regulator on Sunday to launch a new online bank, the country’s second in three years and
Published on December 26, 2022
By Debdutta Ghosh
Economics
UK Economy Shrank More Than Initially Estimated
According to updated statistics, the UK economy shrank more than initially estimated in the three months leading up to September. According to the Office for National Statistics (ONS), business investment
Published on December 25, 2022
By Debdutta Ghosh
Business & Finance
Gamers File A Lawsuit To Block The Microsoft-Activision Merger
Ten gamers are suing Microsoft to prevent the company from merging with Activision Blizzard, the company that makes Call of Duty. The Xbox console maker’s acquisition of its rival for
Published on December 25, 2022
By Debdutta Ghosh
Business & Finance
Elon Musk Pledges Not To Increase Sales Investors Are Not Calmed By Tesla Equities
In choppy trading on Friday, shares of Tesla Inc. hit a new two-year low as top executive Elon Musk’s pledge to hold onto his Tesla stock for at least two
Published on December 24, 2022
By Debdutta Ghosh
Business & Finance
TikTok Intensifies Efforts To Reach A U.S. Security Agreement
As it tries to persuade the U.S. government to permit it to continue being owned by Chinese technology company ByteDance, well-known short-video app TikTok is offering to run more of
Published on December 24, 2022
By Debdutta Ghosh
Business & Finance
For The Second Year In A Row, Huawei Earns More From Patent Royalties Than It Paid Out
Huawei officially said late Thursday that it will generate more patent income than it pays to other companies for their patents for the second consecutive year in 2022, as it
Published on December 23, 2022
By Debdutta Ghosh
Economics
Consumer Inflation In Japan Reaches A New 40-Year High; Attention Focused On BOJ Policy
The core inflation of Japan touched a record high of four decades since companies continued passing on increased costs of operations to consumers, according to data, indicating that price increases
Published on December 23, 2022
By Debdutta Ghosh
Economics
Retail Sales In The UK Unexpectedly Increase In December: CBI
Retailers of the United Kingdom reported a surprise increase in demand in December, but expect spending to fall again in 2023 as shoppers are pressured by rising living costs, according
Published on December 22, 2022
By Debdutta Ghosh
Business & Finance
Banker Bonuses Have Gone From Boom To Bust In A Startling Reversal
Bankers in New York and London are bracing for year-end bonuses that are expected to be 30% to 50% lower, with some receiving none at all as dealmaking slows and
Published on December 22, 2022
By Debdutta Ghosh
Economics
Crumbling Of Mobile Calls, And Internet In Russia Likely After Exit Of Nokia, And Ericsson
The departure of telecom equipment manufacturers Nokia and Ericsson from Russia at the end of the year may gradually impair the nation’s mobile networks over time, worsening communication for regular
Published on December 21, 2022
By Debdutta Ghosh
Business & Finance
Wells Fargo Ordered To Pay $3.7 Billion For Improper Behavior That Affected Customers
The US Consumer Financial Protection Bureau levied its largest-ever civil penalty against Wells Fargo & Co on Tuesday as part of a $3.7 billion settlement to resolve allegations of widespread
Published on December 21, 2022
By Debdutta Ghosh
Economics
Cryptoverse: Farewell To The Year That Bitcoin Crashed
A stumbling Bitcoin entered 2022. The year comes to a close with it slouched in an alleyway, stripped of its cocktail of borrowed funds and leveraged bets, and shunned by
Published on December 20, 2022
By Debdutta Ghosh
Economics
China Growth Outlook Cut By World Bank Due To COVID, And Property Industry Flop
The abrupt relaxation of strict COVID-19 containment measures and the ongoing weakness of the real estate market are to blame for the World Bank’s reduction in China’s growth outlook for
Published on December 20, 2022
By Debdutta Ghosh
Economics
Rich Chinese Increase Their Search For Foreign Investment Bets To Reduce Domestic Risk
According to fund managers and industry sources, wealthy Chinese individuals are reducing their holdings of domestic securities and are increasingly considering assets in the United States and other foreign countries.
Published on December 19, 2022
By Debdutta Ghosh
Economics
With Rising Risk Of Contagion, Insurers Avoid FTX-Linked Cryptocurrency Companies
According to several market participants, insurers are refusing or restricting coverage to clients who have exposure to the insolvent crypto exchange FTX, leaving traders and exchanges of digital currencies uninsured
Published on December 19, 2022
By Debdutta Ghosh
Science & Technology
New Covid Model Forecasts More Than 1 Million People Will Die In China By 2023
According to new projections from the Institute of Health Metrics and Evaluation (IHME), China’s abrupt lifting of stringent Covid-19 restrictions could result in an increase in cases and over a
Published on December 17, 2022
By Debdutta Ghosh
Economics
Central Banks World Over Sending Clear Signals To Markets About Continuation Of Tighter Policy
The Federal Reserve of the United States, the European Central Bank, the Bank of England, and the Swiss National Bank all raised interest rates by 50 basis points this week,
Published on December 17, 2022
By Debdutta Ghosh
Economics
Inflation Rate In UK Falls From 41-Year High With Slowing Of Hike Of Fuel Price
Inflation was slightly lower than expected in November in the UK, at 10.7%, as lower fuel prices helped ease price pressures, though high food and energy prices continued to squeeze
Published on December 14, 2022
By Debdutta Ghosh
Economics
ECB To Raise Interest Rates By 50 Basis Points In The Hope That Inflation Has Peaked
With inflation anticipated to be near to a peak and the Frankfurt institution looking to reduce its massive holdings of government bonds, the European Central Bank will continue to raise
Published on December 14, 2022
By Debdutta Ghosh
Economics
Consumer Inflation Is Anticipated To Continue To Fall In November, But Will Still Remain High
Although consumer inflation likely slowed in November, prices continued to rise at a rapid pace, particularly for services. According to Dow Jones, economists expect the consumer price index to rise
Published on December 13, 2022
By Debdutta Ghosh
Economics
Chipmakers Move Away From China Potentially Benefitting India And Vietnam
The latest upheaval is the United States’ ban on chip exports to China, which is prompting companies to consider shifting some of their chipmaking capabilities to neighboring Vietnam and India.
Published on December 13, 2022
By Debdutta Ghosh
Economics
Mastercard Predicts High Inflation Peak Passed But 2023 Likely To See Inflation Higher Than Pre Pandemic Levels
According to David Mann, chief economist for Asia-Pacific, the Middle East, and Africa at the Mastercard Economics Institute, the period of high inflation has already passed but it will remain
Published on December 12, 2022
By Debdutta Ghosh
Economics
JPMorgan Says Markets Of Southeast Asia Markets Will Undergo A “Bungee Jump” In 2023
According to JPMorgan analysts, Southeast Asia’s markets will behave similarly to a “bungee jump” in 2023, plummeting before surging in the second half of the year. This is likely to
Published on December 12, 2022
By Debdutta Ghosh
Economics
Turkey Is Halting Oil Exports That Are Not Subject To Russian Sanctions, Raising Supply Concerns For Global Energy Market
Tankers carrying Kazakh oil are experiencing delays as a result of Turkey’s new proof of insurance requirements for vessels carrying Russian oil, which is now subject to EU sanctions and
Published on December 9, 2022
By Debdutta Ghosh
Economics
Brits Being Advised To Reconsider Christmas Plans Due To Planned Strikes On Flights And Trains
Passengers traveling into or around the United Kingdom during the holiday season will face major disruption due to strikes, and the government has implored people to rethink their plans for
Published on December 9, 2022
By Debdutta Ghosh
Economics
Germany Claims Taking In More Debt To Rival The United States Would Be A Threat” For Europe
Germany warned that borrowing more money to compete with US green subsidies would jeopardize Europe’s competitiveness. The EU has been vocal about its concerns about the United States’ Inflation Reduction
Published on December 6, 2022
By Debdutta Ghosh
Economics
Despite Russia’s Opposition And Widespread Doubts, EU Ministers Assert That The Russian Oil Cap Will Work
Despite efforts by the Russian government to try and avoid sanctions and amid skepticism worldwide, ministers of the European Union (EU) believe that the latest price cap imposed on Russian
Published on December 6, 2022
By Debdutta Ghosh
World & Politics
Risk Of Drying Up Of Crypto Political Funding In The US After FTX Collapse
Sam Bankman-Fried (SBF), the founder of the collapsed crypto exchange FTX, was a major political donor in the United States. His once deep pockets primarily supported Democratic candidates and campaigns,
Published on December 5, 2022
By Debdutta Ghosh
Economics
Price Cap On Russian Oil Imposed By G7 Goes Into Effect; Russia Will Not Comply To It
The price cap on Russian seaborne oil as set by the Group of Seven went into effect on Monday which is a part of the efforts of the West to
Published on December 5, 2022
By Debdutta Ghosh
Economics
OPEC+ Will Contemplate Larger Cuts In Oil Production Prior Sanctions And A Price Cap On Russian Oil
OPEC and non-OPEC oil producers may enforce deeper production cuts on Sunday, according to energy analysts, as the impactful energy coalition considers the effect of a potential ban on Russian
Published on December 3, 2022
By Debdutta Ghosh
Economics
Due To Layoffs In The Technology Industry, Visa Holders Are Scrambling For Work In Order To Avoid Deportation
After years of seemingly limitless growth, the US technology industry has reached a plateau. Companies are attempting to conserve cash, which is resulting in thousands of job cuts per month,
Published on December 3, 2022
By Debdutta Ghosh
Economics
Rate Hikes By The US Fed, Combined With A Strong Dollar, Threatening Political Stability In Africa
According to a new report, the US Federal Reserve’s tightening of its monetary policy and a strengthening of the US dollar are posting a negative impact on African countries’ balance
Published on December 1, 2022
By Debdutta Ghosh
Economics
India Likely To Become Third Largest Economy By 2030, Overtaking Japan And Germany
According to a latest prediction by S&P Global and Morgan Stanley, the Indian economy will surpass that of Japan and Germany within 23030 to become the third-largest economy. The basis
Published on December 1, 2022
By Debdutta Ghosh
World & Politics
China May Reopen In March, But Zero-Covid Has Rattled Supply Chain Confidence, Say Economists
While Chinese authorities may gradually ease restrictions in March, zero-Covid policies are beginning to erode global trust in the country’s industrial supply chains, according to Li Daokui, Mansfield Freeman professor
Published on November 30, 2022
By Debdutta Ghosh
