Debdutta Ghosh
Business & Finance
Russia Takes Over Control Of The Sakhalin Gas Project
With a decree seizing complete control of the Sakhalin-2 gas and oil project in Russia’s far east, President Vladimir Putin has increased the stakes in an economic conflict with the
Published on July 1, 2022
By Debdutta Ghosh
World & Politics
Experts Believe North Korea Is Behind A New $100 Million Cryptocurrency Breach
North Korean hackers are most certainly responsible for an attack last week that stole up to $100 million in cryptocurrencies from a US company, according to three digital investigative firms.
Published on June 30, 2022
By Debdutta Ghosh
Economics
EU Is Attempting To Reach An Agreement On Groundbreaking Crypto-Regulation Laws
The European Union will seek agreement on ground-breaking rules for regulating crypto assets on Thursday, as the bitcoin crash increases pressure on authorities to rein in the sector. Globally, crypto
Published on June 30, 2022
By Debdutta Ghosh
Business & Finance
Doubts Over Grubhub Acquisition Tanks Just Eat Takeaway Shares To All Time Low
Shares in Europe’s largest online meal ordering company, Just Eat Takeaway.com, fell to an all-time low on Wednesday, as investors questioned if the loss-making company will be able to sell
Published on June 29, 2022
By Debdutta Ghosh
Business & Finance
India’s Leading Cement Manufacturer Using Chinese Yuan To Pay For Russian Coal – Reuters
According to an Indian customs document reviewed by Reuters, UltraTech Cement is importing a cargo of Russian coal and paying in Chinese yuan, an uncommon payment method that dealers fear
Published on June 29, 2022
By Debdutta Ghosh
Economics
As North Korea Cranks Up Its Missile Tests, A Cryptocurrency Fall Threatens Its Stolen Riches
According to four digital investigators, the cryptocurrency market crash has wiped out millions of dollars in assets stolen by North Korean hackers, endangering a crucial source of financing for the
Published on June 29, 2022
By Debdutta Ghosh
Economics
ECB Would Drain Cash To Counteract The New Yield-Cap Programme: Reports
According to reports quoting sources, the European Central Bank will likely drain liquidity from the banking system to offset any bond purchases made to control borrowing costs for indebted eurozone
Published on June 28, 2022
By Debdutta Ghosh
Economics
OPEC’s Oil Income Increases In 2021, But Drop In Oil Well Completions
OPEC’s oil revenue increased in 2021 with prices and demand recovering from the tanking of the market during the COVID-19 pandemic, although the number of active rigs among its members
Published on June 28, 2022
By Debdutta Ghosh
Economics
G7 Will Examine Caps On Russian Energy Price, Agrees To Raise $5 Bln To Tackle Hunger
G7 leaders decided on Tuesday to consider imposing worldwide price limitations on Russian energy imports to limit Moscow’s ability to pay its invasion of Ukraine and to contribute up to
Published on June 28, 2022
By Debdutta Ghosh
Economics
Food Export Limitations, Ranging From India To Argentina, Run The Danger Of Driving Inflation
It only took 24 hours for Prime Minister Narendra Modi’s government in India, the world’s second-largest wheat producer, to abandon its intentions to “feed the world” last month. Following five
Published on June 27, 2022
By Debdutta Ghosh
Economics
Sanctions Have Forced Russia Into A Historic Default
According to the White House, Russia has defaulted on its foreign obligations for the first time in more than a century, as broad sanctions have virtually cut the country off
Published on June 27, 2022
By Debdutta Ghosh
Economics
Global M&A Is Bracing For A Dry Period As Boardrooms Pause Expansion
Global dealmaking is experiencing a dry spell as soaring inflation and a stock market crash dampen many company boards’ desire to expand through acquisitions. Russia’s invasion of Ukraine in February,
Published on June 25, 2022
By Debdutta Ghosh
Economics
Britons Are Cutting Back On Buying As A Result Of The Cost-Of-Living Constraint
In the face of rapidly rising inflation, British consumers cut back on purchasing in May, and a measure of their confidence fell to a new low this month, according to
Published on June 25, 2022
By Debdutta Ghosh
Economics
US IT Industry Is Concerned About Providing Data To Jurisdictions That Prosecute Abortion
Following the U.S. Supreme Court’s decision on Friday to overturn the Roe v. Wade precedent, which for decades guaranteed a woman’s constitutional right to an abortion, the technology industry is
Published on June 25, 2022
By Debdutta Ghosh
Business & Finance
Surging Inflation Forces Fee Hike By Buy Now, Pay Later Firm Zip
Zip Co Ltd, an Australian purchase now, pay later company, announced that it would boost costs for customers and merchants as it tries to withstand the impact of skyrocketing inflation
Published on June 24, 2022
By Debdutta Ghosh
Business & Finance
Record 97 Mln Euros Fine Slapped On Ireland’s AIB Over Mortgage Overcharging
The central bank of Ireland fined AIB and its EBS subsidiary a record 96.7 million euros ($101.6 million) for overcharging clients denied mortgages that track base rates. The fine was
Published on June 24, 2022
By Debdutta Ghosh
Economics
Europe Warned To Brace Itself For Russia Cutting Off Gas
The International Energy Agency’s chief has warned that Russia may cease delivering gas to Europe this winter. Fatih Birol feels that a complete shutdown is unlikely, but that Europe should
Published on June 23, 2022
By Debdutta Ghosh
Economics
Leaders Of Brics Nations To Hold Summit To Create Global Clout Amid Ukraine’s Invasion By Russia
The leaders of the Brics group of countries are scheduled to get together for a summit this year and this move comes amid dramatic alterations in the global order. The
Published on June 23, 2022
By Debdutta Ghosh
World & Politics
Dubai Company Provides Safety For Russian Oil Tankers On India’s Behalf
According to official data, India is providing safety certification for dozens of ships controlled by a Dubai subsidiary of prominent Russian shipping giant Sovcomflot, allowing oil exports to India and
Published on June 23, 2022
By Debdutta Ghosh
Business & Finance
Germany Raises Gas Alert Level And Accuses Russia Of A ‘Economic Attack’
In reaction to dwindling Russian supplies, Germany activated the “alarm level” of its emergency gas plan on Thursday, but stopped short of letting utilities to pass on rising energy bills
Published on June 23, 2022
By Debdutta Ghosh
Economics
Crypto Market Concerned Of Contagion With Bitcoin Falling Below $20,000
On Monday, the cryptocurrency industry was in anxiety as bitcoin fought to hold above a critical level, with investors concerned that issues at prominent crypto companies may spark a larger
Published on June 20, 2022
By Debdutta Ghosh
Economics
China’s May Oil Imports From Russia Set A New High, Surpassing Top Supplier Saudi Arabia
China’s crude oil imports from Russia increased by 55 per cent year on year in May, surpassing Saudi Arabia as the leading supplier, as refiners took advantage of discounted supplies
Published on June 20, 2022
By Debdutta Ghosh
Economics
EU Cannot Agree On Reforms In Corporate Tax Since Hungary Vetoes Changes
Hungary’s Finance Minister, Mihaly Varga, informed his EU counterparts on Friday that his country could not support corporation tax reform at this time, essentially thwarting an agreement at the EU
Published on June 17, 2022
By Debdutta Ghosh
Economics
Withdrawals At Babel Finance Halted As Cryptocurrency Markets Fall
On Friday, Hong Kong-based Babel Finance briefly banned crypto asset withdrawals and redemptions as the crypto lender scrambled to pay its clients following the recent downturn in the digital currency
Published on June 17, 2022
By Debdutta Ghosh
Economics
Europe’s Central Banks Raise Interest Rates To Combat A Surge In Inflation
On Thursday, central banks across Europe hiked interest rates, a few by rates that shocked markets, and hinted at much higher borrowing costs to come in order to manage skyrocketing
Published on June 16, 2022
By Debdutta Ghosh
Management
New Research Warns The EU May Fall Short Of The Digital Decade Targets
According to a report by strategy consultant Public First, the European Union risks lagging behind its Digital Decade targets by ten years unless governments focus on bridging the skills gap.
Published on June 16, 2022
By Debdutta Ghosh
Economics
Russia, The World’s Largest Producer, Opposes A Move To Redefine “Conflict Diamonds”
Russia has thwarted a Western-backed initiative to investigate whether its diamonds are supporting war before of an international conflict diamond summit in Botswana, according to letters obtained by Reuters. The
Published on June 16, 2022
By Debdutta Ghosh
Economics
People In Pakistan Are Being Encouraged To Drink Less Tea
People in Pakistan have been advised to drink less tea in order to keep the country’s economy afloat. According to senior minister Ahsan Iqbal, drinking fewer cups of coffee per
Published on June 15, 2022
By Debdutta Ghosh
Economics
Indian Cricket Tournament IPL’s Media Rights Auctioned For A Record-Breaking $6bn
The internet and television rights to the Indian Premier League, the world’s richest cricket tournament, have been auctioned for a record $6.02 billion over the next five years. For $3.05
Published on June 15, 2022
By Debdutta Ghosh
Business & Finance
HSBC Closes Down Its Trade Start-Up Serai Based In Hong Kong
HSBC Holdings’ Hong Kong-based trade platform, which was introduced with so much fanfare three years ago, has closed down after struggling to develop a commercially viable business. HSBC’s first investment
Published on June 13, 2022
By Debdutta Ghosh
Economics
Bitcoin Fall 15% To Lower Than $24,000, Over The Weekend, The Crypto Market Lost $200 Billion
Bitcoin fell below $24,000 on Monday, the lowest level for it since December 2020, as investors fled the cryptocurrency amid a broader sell-off in risk assets. Meanwhile, a crypto loan
Published on June 13, 2022
By Debdutta Ghosh
Economics
ECB Survey Forecasts Euro Zone To Avert Recession And Growth To Rise In Q3
According to a key European Central Bank survey released on Monday, the eurozone will avert a recession this year, and growth will improve considerably after petering out in the second
Published on June 13, 2022
By Debdutta Ghosh
Economics
Sri Lankan Needs $5bn This Year To Buy Vital Supplies, Says Prime Minister
The prime minister of Sri Lanka says that the economic chaos hit island nation would require at least $5 billion over the next six months to pay for vital supplies
Published on June 8, 2022
By Debdutta Ghosh
Economics
Warning Of Recession Risk Because Of Ukraine War Issued By World Bank
The World Bank has warned that nations around the globe are risking recession as the Ukraine crisis strains economies already strained by the Covid pandemic. Less developed nations in Europe
Published on June 8, 2022
By Debdutta Ghosh
Science & Technology
AstraZeneca Will Not Do Anything Differently, Says CEO About Its Covid-19 Jab
Despite “setbacks,” the head of the pharmaceutical company behind the Oxford-AstraZeneca Covid-19 vaccine says the vaccination saved a million lives. Pascal Soriot, CEO of AstraZeneca, also addressed studies linking the
Published on June 7, 2022
By Debdutta Ghosh
Economics
China Pursues The World’s Largest Trade Agreement After Being Excluded From The Indo-Pacific Accord
Amid the hoopla surrounding US Vice President Joe Biden’s new Indo-Pacific strategy, China went unnoticed and conducted a high-level meeting on RCEP, the world’s largest trade treaty. It happened only
Published on June 7, 2022
By Debdutta Ghosh
Economics
Why Does India’s Wheat Export Prohibition Matter To The Rest Of The World?
Following concerns that its decision to limit wheat exports could worsen the global food supply situation in the aftermath of the Ukraine war, India has defended its decision to import
Published on June 7, 2022
By Debdutta Ghosh
Economics
CEO Of Citi Believes A Recession In Europe Is More Likely Compared To The United States
Citigroup Inc Chief Executive Jane Fraser said on Friday that Europe was more likely than the United States to enter a recession, joining other major bank CEOs this week in
Published on June 4, 2022
By Debdutta Ghosh
Management
EU Agreement On A Single Mobile Charging Port Is Expected On June 7
Governments of the European Union and parliamentarians of the bloc are poised to agree on a standard charging port for mobile phones, tablets, and headphones in a meeting on June
Published on June 4, 2022
By Debdutta Ghosh
Economics
IATA Assures That Post-Pandemic Airport Mayhem Will Be Resolved.
A top airline industry official pleaded for calm amid recent travel congestion at several airports as people start flying following the epidemic, blaming the backlog on temporary delays in gaining
Published on June 1, 2022
By Debdutta Ghosh
Science & Technology
Small Nuclear Power Plants May Be Embroiled In Significant Waste Issues – New Research
According to a study published on Tuesday, a projected new generation of tiny nuclear reactors will generate more waste than current reactors, and procedures to make some types of trash
Published on June 1, 2022
By Debdutta Ghosh
Economics
Zambia Reveals China’s Inexperience With Debt Relief – Reports
China’s lack of expertise with difficult debt restructurings, as well as delayed coordination among its state lenders, is delaying debt relief for Zambia, a test case for the top emerging
Published on May 31, 2022
By Debdutta Ghosh
Economics
Inflation In Eurozone Has Reached A New High, Strengthening The Argument For Significant ECB Rate Hikes
Inflation in the eurozone jumped to another record high in May, increasing government bond yields as markets interpreted the data as a challenge to the European Central Bank’s assumption that
Published on May 31, 2022
By Debdutta Ghosh
Economics
Swelling Stockpiles Of U.S. Retailers Have Laid The Environment For Huge Discounts
Major U.S. retailers who recently hurried to resupply shelves due to inventory shortages said this week that their stores are again overflowing with merchandise, and some are even discounting unsold
Published on May 28, 2022
By Debdutta Ghosh
Economics
High Gas Prices And Concerns About Energy Security Stymie Decarbonisation Effort
Energy security has become a primary worry for importers, according to energy executives, as expectations of tighter gas supply and volatile prices in the coming years put buyers on edge
Published on May 28, 2022
By Debdutta Ghosh
Business & Finance
Global Auto Giants Are In For A Shock In EV Sector In China
Global automakers may be in for a rude awakening if they believe they can extend their supremacy in China into the electric future. General Motors and Volkswagen, the titans of
Published on May 26, 2022
By Debdutta Ghosh
Economics
Rising Prices Pose Threat To The British Tradition Of Fish And Chips
The economy of the United Kingdom is straying farther off course as prices rise. According to insolvency firm Company Debt, a third of fish and chip businesses are at risk
Published on May 26, 2022
By Debdutta Ghosh
Business & Finance
Schedule Of iPhone Development Of Apple Upended By Lockdowns In China
According to Nikkei Asia, development of at least one of Apple’s new flagship iPhones for this year has slipped behind schedule due to disruptions caused by China’s month-long COVID lockdowns.
Published on May 25, 2022
By Debdutta Ghosh
Economics
Food Protection Being Fuelled By Food Supply Deficit, Adding On To Shortages
According to business leaders and policymakers at the World Economic Forum, a rising global food crisis is prompting countries to take protectionist measures, which are likely to exacerbate the problem
Published on May 25, 2022
By Debdutta Ghosh
Economics
Despite Price Crash, Crypto Swarm Dominates Davos’ Main Boulevard
Despite the recent drop in digital coin values, participants were treated to a free bitcoin pizza booth and a “Liquidity Lounge” at this year’s summit in Davos, where blockchain and
Published on May 24, 2022
By Debdutta Ghosh
