
Debdutta Ghosh
Business & Finance
Unilever Breaking Merger Agreement Over Israel Sale, Claims Ben & Jerry’s Founders
On Sunday, Ben & Jerry’s founders claimed on MSNBC that parent company Unilever PLC had broken the terms of the 2000 merger agreement by selling the Ben & Jerry’s business
Published on September 19, 2022
By Debdutta Ghosh
Business & Finance
Launch Of A Fossil Fuel Registry To Identify “Stranded Assets”
Monday saw the official launch of the first global registry of oil and gas reserves, production, and emissions, according to Carbon Tracker and Global Energy Monitor, which includes information on
Published on September 19, 2022
By Debdutta Ghosh
Economics
Global Cargo Market Is Contracting As The Economy Weakens, Pointing To A Bleak Christmas
Global trade indicator companies such as FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season, pointing to weaker-than-expected consumer demand rather than a Christmas
Published on September 17, 2022
By Debdutta Ghosh
Economics
China’s Economy Is Improving, But It Is Hampered By The Property Crisis
The Chinese economy exhibited unexpected resilience in August, with faster-than-expected growth in factory output and retail sales bolstering a fragile recovery, but a deepening property slump weighed on the outlook.
Published on September 17, 2022
By Debdutta Ghosh
Economics
Chinese Economy’s Export Is Buckling As A Result Of The Global Slowdown
China’s exporters, the world’s second-largest economy’s last reliable pillar as it battled the pandemic, weak consumption, and a property crisis, are warning of tough times ahead as softer overseas markets
Published on September 15, 2022
By Debdutta Ghosh
Economics
EU Is Seeking $140 Billion To Protect Consumers From The Energy Crisis
The European Union’s executive highlighted plans to collect more than $140 billion from energy companies to help protect households and businesses from rising prices that threaten economic recession and insolvency.
Published on September 15, 2022
By Debdutta Ghosh
Business & Finance
New Report Finds Sales Of Coffee Chains In The US Hike 10 per cent Close To Pre-Pandemic Levels
According to a report released on Tuesday, sales by branded coffee shops in the United States increased 10per cent in the 12 months to June 2022 to reach $45.8 billion,
Published on September 14, 2022
By Debdutta Ghosh
Economics
Sticky High Rents And Food Prices In The US Hikes August Inflation
Consumer prices in the United States unexpectedly rose in August, and underlying inflation accelerated due to rising rent and healthcare costs, providing the Federal Reserve with ammunition to deliver a
Published on September 14, 2022
By Debdutta Ghosh
Business & Finance
Amazon Makes A Move To Remove Seatbelt Alarm Blockers In The US And The UK
The e-commerce behemoth Amazon.com Inc. announced on Friday that it is working to remove products that disable car seatbelt alarms from marketplace listings in the United States and the United
Published on September 13, 2022
By Debdutta Ghosh
Economics
Despite Lower Inflation Expectations, The BoE Will Continue To Raise Rates
UK Prime Minister Liz Truss’ massive power bill bailout has given the Bank of England a temporary boost in its fight against inflation, but it still appears likely that interest
Published on September 13, 2022
By Debdutta Ghosh
Economics
The Major “Merge” Upgrade Of Ethereum Explained
The second-largest crypto token in the world, ether, built on the Ethereum blockchain, will soon undergo a significant software upgrade that will reduce the energy required for transaction processing and
Published on September 9, 2022
By Debdutta Ghosh
Economics
Review Of China Business Restrictions Being Done By The German Economy Ministry
In an effort to lessen its reliance on Asia’s economic superpower, the German economy ministry is considering a number of measures to make doing business with China less appealing, according
Published on September 9, 2022
By Debdutta Ghosh
Business & Finance
General Motors To Import High End Cars To Woo China’s Urban Rich
Sales of General Motors’ premium Buick, Cadillac, and Chevrolet brands have decreased by a third to 1.3 million vehicles annually over the past five years as consumers prefer smart EVs
Published on September 8, 2022
By Debdutta Ghosh
Economics
It Will Cost $176 Trillion To Reach United Nations Sustainability Goals, Says New Report
According to a report released on Thursday, the cost of achieving global goals to combat problems like hunger, poverty, and climate change increased by 25 per cent to $176 trillion
Published on September 8, 2022
By Debdutta Ghosh
Economics
A Large Rate Hike Could Be Implemented By European Central Bank With The Slowing Of The Economy Toward A Recession
Due to the rising cost of living, which is on the verge of increasing even further, the European Central Bank is anticipated to frontload a number of rate increases and
Published on September 7, 2022
By Debdutta Ghosh
Business & Finance
Study Reveals That G7 Company Emissions Fall Short Of The Global Climate Goal
Based on current corporate pledges to reduce emissions, the Group of Seven (G7) economies’ businesses are failing to meet the goals of the Paris Climate Agreement, according to non-profit disclosure
Published on September 7, 2022
By Debdutta Ghosh
Economics
China’s Trade Suffers As Domestic And International Demand Declines
As rising inflation stifled international demand, new COVID restrictions impeded output, and heatwaves interrupted exports and imports, China’s exports and imports lost steam in August, and consequently rate of growth
Published on September 7, 2022
By Debdutta Ghosh
Economics
Energy Import Costs For Italy Likely To Double To 100 Billion Euros In 2022
The Italian government expects net costs for importing energy into the country will almost double this current year to about 100 billion euros ($99.5 billion), said the countryโs economy minister,
Published on September 5, 2022
By Debdutta Ghosh
Economics
Why Does Russia Influence European And British Gas Prices?
Russia postponed a Saturday deadline to reinstate flows through the Nord Stream 1 pipeline to Europe, citing a fault found during servicing, compounding Europe’s difficulties in obtaining gas for the
Published on September 5, 2022
By Debdutta Ghosh
Economics
Global Food Price Index In August Fell For The Fifth Consecutive Month
The UN Food and Agriculture Organization’s world price index fell for the fifth month in a row in August, falling further from all-time highs reached earlier this year, as grain
Published on September 2, 2022
By Debdutta Ghosh
Business & Finance
With New China AI Chip Restrictions, The US Targets A Critical Market Niche
The US increased its efforts to halt the flow of advanced technology to China by instructing Nvidia Corp. and Advanced Micro Devices to stop sending their flagship artificial intelligence chips
Published on September 2, 2022
By Debdutta Ghosh
Economics
Russia Adds To Europe’s Energy Crisis With A New Gas Embargo
On Wednesday, Russia cut off gas supplies through Europe’s main supply route, intensifying an economic battle between Moscow and Brussels and raising the prospect of recession and energy rationing in
Published on August 31, 2022
By Debdutta Ghosh
Business & Finance
Amazon And Google Criticize Microsoft’s Cloud Computing Changes
On Tuesday, Amazon and Alphabet subsidiary Google slammed Microsoft’s cloud computing changes, claiming they limit competition and discourage customers from switching to rival cloud service providers. The software behemoth announced
Published on August 31, 2022
By Debdutta Ghosh
Business & Finance
Bed Bath & Beyond Will Lay Off Workers And Close Stores In An Effort To Recoup Losses
Bed Bath & Beyond Inc announced on Wednesday that it had secured more than $500 million in new financing and that it would close 150 stores, lay off employees, and
Published on August 31, 2022
By Debdutta Ghosh
Business & Finance
Saudi Arabia Could Reduce Crude Oil Prices For Asia In October
Saudi Arabia, the world’s largest oil exporter, may reduce October prices for most crude grades it exports to its Asian customers, following a drop in spot premiums as reduced demand
Published on August 30, 2022
By Debdutta Ghosh
Management
Shareholders Of BHP Demand Consistent Climate Policy
Activist shareholders of BHP Group have demanded that the company includes climate sensitivity analysis in its financial statements beginning in 2023, as well as consistency in climate policy, according to
Published on August 30, 2022
By Debdutta Ghosh
Economics
Russia Predicts Its Economy Shrinkage In 2020 Will Be Lower Than 3%
According to Russiaโs First Deputy Prime Minister Andrei Belousov on Monday, the economy of the country is expected to shrink by less than 3 per cent in 2022, which would
Published on August 30, 2022
By Debdutta Ghosh
Economics
The China Audit Agreement Provides Relief, But There Are Few Reasons To Invest
Investors applauded a breakthrough agreement that gives US regulators access to Chinese companies’ accounting records, but they say markets will be required to see successful audits and economic recovery prior
Published on August 29, 2022
By Debdutta Ghosh
Business & Finance
With Productivity Falling, Companies In North America Purchase More Robots For Production
During the first half of the current year, a record number of robots were purchased by North American firms even as the companies struggled to keep factories and warehouses running
Published on August 29, 2022
By Debdutta Ghosh
Economics
Singapore Says Retail Investors Are ‘Irrationally Oblivious’ To Cryptocurrency Risks And Plans Tougher Regulations
Singapore plans to implement proposed rules that will make it harder for retail investors to trade cryptocurrencies in a period when they appear to be “irrationally oblivious” to the risks,
Published on August 29, 2022
By Debdutta Ghosh
Economics
Brazil’s Soccer Clubs Are Preparing For A Gold Rush In Order To Close The Gap With Europe’s Elite
A new legislation designed to allow Brazilian soccer clubs to obtain foreign investment is garnering hundreds of millions of dollars to a region known as football’s largest source of talent,
Published on August 28, 2022
By Debdutta Ghosh
Economics
Policymakers At The ECB Argue In Favour Of A Significant Rate Increase
Policymakers at the European Central Bank made the case on Saturday for a large interest rate hike next month, arguing that inflation remains uncomfortably high and that the public may
Published on August 28, 2022
By Debdutta Ghosh
Economics
China’s July industrial profits fell due to COVID restrictions and heatwaves
The profits of China’s industrial companies declined in July, reversing prior gains as new COVID-19 curbs reduced demand and reduced factory margins while production was threatened by power shortages brought
Published on August 27, 2022
By Debdutta Ghosh
Economics
According To Gopinath Of The IMF, Central Banks Must Take Action Against Inflation
Gita Gopinath, the first deputy managing director of the International Monetary Fund, warned world policymakers on Friday that the trade-offs that global central bankers currently face โ between jobs, inflation,
Published on August 27, 2022
By Debdutta Ghosh
Economics
The US-China Audit Deal Explained
Beijing and Washington have agreed in principle to allow U.S. regulators to review the audits of Chinese companies that are listed on American exchanges, potentially putting an end to a
Published on August 27, 2022
By Debdutta Ghosh
Business & Finance
With Travel Demand Returning In Asia, AirAsia Parent Reports A Smaller Loss In The Second Quarter
With demand for travel in Southeast Asia string to to rebound following the relaxation of pandemic-related rules, Capital A Bhd, the mother company of Malaysia’s low-cost carrier AirAsia, on Friday
Published on August 26, 2022
By Debdutta Ghosh
Business & Finance
India’s Digital Lending Rules Cause Disruption, And Businesses Prepare To Respond
Card lending services in India foreign-backed fin-tech companies have been disrupted because of the stricter regulations on digital lending by the Indian government, according reports based on industry sources and
Published on August 26, 2022
By Debdutta Ghosh
Business & Finance
One More EV Battery Factory In The US Being Planned By Panasonic For $4 Bln: Reports
The Wall Street Journal revealed on Friday, quoting people with knowledge of the situation, that Panasonic Holdings Corp., a provider to electric-car maker Tesla Inc., is in discussions to build
Published on August 26, 2022
By Debdutta Ghosh
Business & Finance
NFTs Worth $100 Million Were Stolen Last Year, According To Elliptic
According to blockchain research company, Elliptic, over $100 million value of non-fungible tokens were stolen in the year leading up to July, opening a new front in the hacking problem
Published on August 26, 2022
By Debdutta Ghosh
Economics
Following A Severe Decline, Ukrainian Economy Could Expand By 15.5% In 2023
Ukraine’s economy should normalise this year and grow by up to 15.5 per cent in 2023, contingent to military developments in the country’s war against Russia, the country’s economy minister
Published on August 25, 2022
By Debdutta Ghosh
Economics
European Recovery Is Expected To Stall, With A Wary Outlook
According to a Reuters poll, the latest recovery in European shares is set to stop and not reclaim end-of-year levels for more than a year, surmounted by concerns of an
Published on August 25, 2022
By Debdutta Ghosh
Business & Finance
Tesla Stock Is In The Spotlight As A 3-1 Stock Split Takes Effect
Tesla Inc’s stock was in the spotlight following the most valuable automaker of the world splitting its stock for the second time in two years in order to attract more
Published on August 25, 2022
By Debdutta Ghosh
Business & Finance
Visa Tokens Outnumber Physical Visa Cards In Circulation
Visa Inc announced on Wednesday that it has released more than 4 billion network tokens globally via its security technology Visa Token Service (VTS), outnumbering the cumulative number of actual
Published on August 25, 2022
By Debdutta Ghosh
Economics
Business Activity In Euro Zone Shrunk Again In Aug As Bleak Outlook Is Forecasted
According to a survey released on Tuesday, business activity in the eurozone was down for the second consecutive month in August because of the cost of living crisis which forced
Published on August 23, 2022
By Debdutta Ghosh
Business & Finance
e-Commerce Companies In India On Delivery Staff Hiring Spree With Biggest Annual Shopping Season Arriving
E-commerce businesses in India are rapidly increasing hiring staff for delivery purposes, with because of growing concerns that a labour shortage will for the companies to miss out on one
Published on August 23, 2022
By Debdutta Ghosh
Business & Finance
Volkswagen And Mahindra & Mahindra Expand Their Collaboration On Electric Car Components
Volkswagen AG and Mahindra & Mahindra signed a term contract on Monday under which the German automaker will sell electric components to its Indian counterpart. According to the firms, the
Published on August 16, 2022
By Debdutta Ghosh
Business & Finance
Chainalysis Says Losses Due To Cryptocurrency Breaches Rose By 60% Between January And July, Totaling $1.9 Billion
Losses from cryptocurrency thefts increased by nearly 60 per cent in the first seven months of the year to $1.9 billion, fueled by a surge in cash stolen from decentralised
Published on August 16, 2022
By Debdutta Ghosh
Economics
Japan’s Economy Recovers Modestly From The COVID Shock, But The Global Outlook Dims
The Japanese economy recovered from a COVID-induced slowdown at a slower-than-expected pace in the second quarter, according to statistics released on Monday, raising concerns about whether consumption will increase sufficiently
Published on August 15, 2022
By Debdutta Ghosh
Economics
China Unexpectedly Lowers Two Major Interest Rates And Withdraws Funds From The Banking Sector
In an unexpected move on Monday, China’s central bank reduced a key interest rate for the second time this year and withdrew some cash from the banking system in an
Published on August 15, 2022
By Debdutta Ghosh
Economics
According To A Ukrainian Expert, Fresh $5 Billion IMF Loan Will Reassure Other Creditors
A new $5 billion loan from the IMF would help persuade Ukraine’s other creditors that the war-torn country’s macroeconomic situation was under control, according to President Volodymyr Zelenskiy’s main economic
Published on August 13, 2022
By Debdutta Ghosh