
Debdutta Ghosh
Economics
Inflation Rate In Eurozone Reduces Slightly At 10% Due To Slowing Down Of Hike In Energy Costs
According to preliminary figures released Wednesday, eurozone inflation slowed slightly in November, with prices falling from record highs and falling short of analyst expectations. For several months, consumer prices in
Published on November 30, 2022
By Debdutta Ghosh
Business & Finance
Irish Data Protection Commission Imposes โฌ265m Fine On Meta Over Facebook Data Breach
The Irish Data Protection Commission fined Meta, the company that owns Facebook, Instagram, and WhatsApp, โฌ265 million (DPC). The fine is for a data breach that resulted in the personal
Published on November 29, 2022
By Debdutta Ghosh
Business & Finance
BlockFiโs Bankruptcy Filing Show The Manner In Which It Was Doomed By The FTX Collapse
Sam Bankman-Fried was said to be the only person who could save crypto. As cryptocurrency markets crumbled following Terra’s spring crash, the former FTX CEO bailed out and took over
Published on November 29, 2022
By Debdutta Ghosh
World & Politics
Demonstrations Against Covid Restrictions Erupting Throughout China
Rare uprisings happened all across China during the weekend as people let out their displeasure with the zero-Covid policy of the Chinese government. The unrest occurred as infections increased, necessitating
Published on November 28, 2022
By Debdutta Ghosh
Economics
Study Shows A 44% Fall In UK Property Demand Following Market Rattling Mini Budget
According to new research, demand for residential properties in the United Kingdom has nearly halved since September’s government budget, which spooked financial markets and toppled the prime minister. The fiscal
Published on November 28, 2022
By Debdutta Ghosh
Economics
Putin’s Ukraine War Drives Migrants And Money Out Of Russia, Helping These Economies
While many economies are reeling from the consequences of Russia’s invasion of Ukraine, a few countries are benefiting from an influx of Russian migrants and their associated wealth. Georgia, a
Published on November 26, 2022
By Debdutta Ghosh
Economics
Beijing Comes To A Standstill As The Chinese Capital Combats Covid With Additional Lockdowns
As Covid controls spread, China’s capital city has come to a halt. On Friday, more and more apartment complexes in Beijing prohibited residents from leaving for at least a few
Published on November 26, 2022
By Debdutta Ghosh
Economics
Reasons For Solar Electric Vehicles Potentially Becoming Next Generation Of EVs
The first commercial solar electric vehicles will be available in the United States and Europe in the coming years. Sono Motors in Germany, Aptera Motors in Southern California, and Lightyear
Published on November 25, 2022
By Debdutta Ghosh
Economics
Minutes Show That US Fed Officials Expect Smaller Rate Hikes ‘Soon’
According to meeting minutes released recently, Federal Reserve officials agreed earlier this month that smaller interest rate increases should occur soon as they assess the impact of policy on the
Published on November 25, 2022
By Debdutta Ghosh
Management
China Claims The National Problem Of Youth Being Addited To Video Games Has Been Tackled
According to a report, young people in China have reduced their reliance on video games. The China Game Industry Group Committee, which is affiliated with the gaming regulator, makes the
Published on November 24, 2022
By Debdutta Ghosh
Business & Finance
iPhone Maker Foxconn Apologizes Following Massive Protests At Its Factory in China
A day after its iPhone factory in China was rocked by angry protests, Apple supplier Foxconn apologized for a “technical error” in its payment systems. Hundreds of workers were seen
Published on November 24, 2022
By Debdutta Ghosh
Business & Finance
HP To Reduce Its Global Workforce By 4,000-6,000 In Next Three Years
Top computer manufacturer HP Inc. has announced its plans of laying off 4,000 to 6,000 workers within the next three years. Following the announcement, stocks of the company hiked by
Published on November 23, 2022
By Debdutta Ghosh
Economics
31% Drop In Argentinaโs Fan NFT Following Messiโs Teamโs Shocking Defeat Against Saudi Arabia In Qatar
The shocking defeat of the Argentine national football team against Saudi Arabia at eth football world cup in Qatar in its opening match has lowered the value of the Argentine
Published on November 23, 2022
By Debdutta Ghosh
Business & Finance
Bitcoin Falls To A Two-Year Low As The Crypto Market Loses $1.4 Trillion This Year In The FTX Collapse Aftermath
Bitcoin fell to a two-year low on Tuesday, as the cryptocurrency market suffered as a result of the collapse of major exchange FTX. According to CoinDesk data, Bitcoin fell to
Published on November 22, 2022
By Debdutta Ghosh
Economics
With Slowing Global Economy, Central Banks Must Maintain Rate Hikes: OECD
The central banks of various countries need to continue to keep raising interest rates to combat soaring and widespread inflation, even as the global economy slows significantly, according to the
Published on November 22, 2022
By Debdutta Ghosh
Management
After A Surprise Return To The Company, Disney CEO Bob Iger To Start A Huge Stir
A major shake-up within Disney is being planned by it CEO Bob Iger. The CEO, who was brought back into the company less than 24 hours ago after he retired
Published on November 22, 2022
By Debdutta Ghosh
Business & Finance
New Filing Reveals Collapsed Cryptocurrency Exchange FTX Owes More Than $3 Billion To Its 50 Largest Creditors
According to a new filing over the weekend, the embattled cryptocurrency exchange FTX owes its creditors more than $3 billion. The largest of FTX’s top 50 unsecured creditors is owed
Published on November 22, 2022
By Debdutta Ghosh
World & Politics
Critics Of Qatar Accused Of Hypocrisy By FIFA Chief Prior To Launch Of Football World Cup
Gianni Infantino, the president of FIFA, stated on Saturday that engagement was the only means of advancing human rights and called hypocrites who criticized the treatment of migrant workers by
Published on November 20, 2022
By Debdutta Ghosh
Economics
As Geopolitical Rifts Disrupt Regional Summits, APEC Promises To Increase Trade
The final of three summits in the region this week, which have been overshadowed by intense geopolitical rivalry, was concluded on Saturday with commitments from the leaders of the 21-member
Published on November 20, 2022
By Debdutta Ghosh
Business & Finance
Elon Musk Launches A Twitter Survey On Trump’s Potential Comeback
Late on Friday, Elon Musk posted a poll on Twitter asking his followers whether they thought the former U.S. president Donald Trump’s account should be reinstated. According to early results,
Published on November 19, 2022
By Debdutta Ghosh
Economics
Asian Business Owners Anticipate The Hybrid Working To Continue In The Post-Pandemic Era
According to a recent survey of Asian businesses, the number of Asian companies expecting employees to spend their entire working life in an office has dropped dramatically since the pandemic.
Published on November 19, 2022
By Debdutta Ghosh
Economics
Bankers Bet Billions Of Dollars On A New Wave Of Debt-For-Nature Transactions
The Galapagos Islands, which inspired Darwin’s theory of evolution with their thousands of unique species, have incalculable ecological value. But how much are they worth? According to people familiar with
Published on November 17, 2022
By Debdutta Ghosh
Economics
United Kingdom Imposes A Windfall Tax On Power Companies And Raises The Levy On Oil Firms
British Finance Minister Jeremy Hunt said on Thursday that the government would raise a windfall tax on oil and gas companies and extend it to power generation companies in order
Published on November 17, 2022
By Debdutta Ghosh
Economics
Exposures To Climate Change For Banks Could Be Understated In Bank Climate Stress Tests, Says G20 Watchdog
Climate-related stress tests for banks must better capture the indirect effects of climate change on lenders and the global economy, according to the G20 Financial Stability Board on Tuesday. The
Published on November 15, 2022
By Debdutta Ghosh
Economics
Japan’s Economy Surprisingly Contracts As Hot Inflation And A Global Slowdown Take Their Toll
Japan’s economy unexpectedly contracted for the first time in a year in the third quarter, raising concerns about the outlook as global recession risks, a weak yen, and higher import
Published on November 15, 2022
By Debdutta Ghosh
Economics
Europe May Not Be As Fortunate As The United States In Avoiding Recession In 2023, Predicts Morgan Stanley
According to Morgan Stanley, the economies of Britain and the euro zone are likely to enter a recession next year, but the US may only just avoid it due to
Published on November 14, 2022
By Debdutta Ghosh
Science & Technology
Repeat COVID Infection Poses Greater Risk Than Initial Infection, According To A Study
Regardless of vaccination status, a study released recently suggests that the risk of death, hospitalization, and serious health issues from COVID-19 increases significantly with reinfection compared to a first bout
Published on November 14, 2022
By Debdutta Ghosh
Business & Finance
Tesla Has Thought About Exporting Evs From Shanghai To The United States And Canada
Tesla has considered plans to export made-in-China electric vehicles to the United States and Canada. This would connect Tesla’s largest factory to North America, its largest market, according to a
Published on November 12, 2022
By Debdutta Ghosh
World & Politics
India Is Not Subject To A Price Cap And Can Purchase As Much Russian Oil As It Desires, Says US Treasury Secretary
According to U.S. Treasury Secretary Janet Yellen, India is welcome to continue purchasing as much Russian oil as it likes, even at prices above a G7-imposed price cap mechanism, as
Published on November 12, 2022
By Debdutta Ghosh
Economics
Cryptos Try To Stabilize As The Binance-FTX Deal Cools The Market
After a sharp and broad drawdown on Tuesday due to concerns over the stability of the exchange FTX, a rush of withdrawals, and ultimately a bailout deal from bigger rival
Published on November 9, 2022
By Debdutta Ghosh
World & Politics
Island Countries Demand Payment From China And India For Climate Damage
The prime minister of the island nation of Antigua and Barbuda said on Tuesday that highly polluting emerging economies like China and India should contribute to a climate compensation fund
Published on November 9, 2022
By Debdutta Ghosh
Economics
UK To Unveil U.S. Gas Deal Following Climate Change Summit: Report
According to a report in the Telegraph, British Prime Minister Rishi Sunak is prepared to make a significant natural gas announcement with the United States following the COP27 climate change
Published on November 8, 2022
By Debdutta Ghosh
World & Politics
Russian Businessman Prigozhin Admits Meddling In American Elections
Yevgeny Prigozhin, a Russian businessman who Washington accuses of trying to sway American politics, admitted on Monday that he had meddled in American elections and would do so in the
Published on November 8, 2022
By Debdutta Ghosh
Business & Finance
TotalEnergies Ahead Of Leads Shell, And BP In Renewables Shift
According to data gathered by Reuters, the French energy giant TotalEnergies has surpassed rivals Shell and BP in the race to establish a renewables business. Even so, investors are still
Published on November 7, 2022
By Debdutta Ghosh
Economics
China’s Trade Surprisingly Declines As COVID Restrictions And The Global Slowdown Shock Demand
The first concurrent decline in China’s exports and imports since May 2020 occurred in October as a result of an unfavorable confluence of domestic COVID restrictions and risks associated with
Published on November 7, 2022
By Debdutta Ghosh
Business & Finance
Musk Blames Activists For Twitter’s “Massive” Drop In Ad Revenue While The Company Makes Staff Cuts
As advertisers withdrew their support due to worries about content moderation, Twitter Inc. cut half of its workforce on Friday, but claimed that the team in charge of halting the
Published on November 5, 2022
By Debdutta Ghosh
Economics
Japan’s Government Expresses Concern Over American EV Tax Credits
On Saturday, the Japanese government issued a warning about new electric vehicle tax credits in the United States, saying they might ultimately discourage further Japanese investment there and hurt employment
Published on November 5, 2022
By Debdutta Ghosh
Economics
G7 Group Of Nations Has Decided To Establish A Fixed Price For Russian Oil: Reports
The Group of Seven wealthy nations and Australia have decided against adopting a floating rate when they finalize a price cap on Russian oil later this month, sources said on
Published on November 4, 2022
By Debdutta Ghosh
Economics
October Job Growth In The United States Was At Its Weakest In Almost Two Years, Unemployment Rate Increased
The Federal Reserve could switch to smaller interest rate increases starting in December if the labor market conditions loosen up as indicated by the fact that American employers probably hired
Published on November 4, 2022
By Debdutta Ghosh
Economics
Despite A “Very Challenging” Outlook, Bank Of England Raises Rates For The First Time In History
The Bank of England increased interest rates on Thursday from 2.25% to 3%, the highest rate increase since 1989, as it issued a warning about the “very challenging” economic outlook.
Published on November 3, 2022
By Debdutta Ghosh
Business & Finance
Elon Musk Is Questioned By Advertisers About The “Free-For-All” On Twitter
Elon Musk pledged to protect Twitter from becoming a “free-for-all hellscape” to advertisers. Advertisers have started asking for information on how he intends to uphold the commitment this week. One
Published on November 3, 2022
By Debdutta Ghosh
Economics
China’s Factory And Service Activity Slows Due To Ongoing COVID Restrictions
Due to weakening global demand and strict domestic COVID-19 curbs, which had an adverse effect on production, travel, and shipping in the second-largest economy in the world, China’s factory activity
Published on October 31, 2022
By Debdutta Ghosh
Business & Finance
Big Tech Struggles With Gloomy Q4 Earnings And Projectionsโ Amazon Drops 13%, And Meta Has Its Worst Week Ever
It was a terrible earnings week (Oct. 23-29) for Big Tech, aside from Apple. After making unsettling predictions for the third quarter and the rest of the year, Alphabet, Amazon,
Published on October 30, 2022
By Debdutta Ghosh
Economics
The IMF Warns If Global Economy Splits Up, Asia Will Suffer The Most
The Asia-Pacific region stands to lose more than any other if the global trade system fragments as a result of geopolitical tensions, according to the International Monetary Fund. The IMF
Published on October 30, 2022
By Debdutta Ghosh
Business & Finance
Huge Oil Company Profits Renew Calls For Windfall Taxes
Exxon Mobil Corp. and Chevron Corp., two of the largest energy companies in the world, reported yet another round of enormous quarterly profits thanks to rising natural gas and fuel
Published on October 30, 2022
By Debdutta Ghosh
Economics
IEA: Energy Crisis Brought On By Ukraine War Will Hasten The Transition To A Greener Economy
The International Energy Agency (IEA) stated on Thursday that the decline in Russian fossil fuel exports following its invasion of Ukraine this year will change the global energy landscape for
Published on October 30, 2022
By Debdutta Ghosh
Economics
Dogecoin Surges As A Result Of Elon Musk’s Twitter Deal
Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk agreed to buy Twitter for $44 billion last week. The Tesla Inc CEO, a vocal supporter
Published on October 30, 2022
By Debdutta Ghosh
Management
Huge Payouts For Twitterโs Top Executives Fired By Its New Owner Elon Musk
According to Equilar, three top executives of Twitter Inc who were fired by new owner Elon Musk will receive separation pay totalling $122 million. According to people familiar with the
Published on October 29, 2022
By Debdutta Ghosh
Business & Finance
Binance, Musk’s Co-Investor, Will Assist Twitter With Blockchain
Binance, the world’s largest crypto exchange, which has invested $500 million in Elon Musk’s buyout of Twitter Inc, is forming a team to investigate how blockchain and crypto can help
Published on October 29, 2022
By Debdutta Ghosh
Business & Finance
Musk Declares That The ‘Bird Is Freed’ After Twitter Acquisition; Fires Top Bosses
Elon Musk has taken over Twitter Inc with ruthless efficiency, firing top executives while providing little clarity on how he plans to achieve the ambitious goals he has set for
Published on October 28, 2022
By Debdutta Ghosh