Debdutta Ghosh
Business & Finance
Musk’s Twitter Antics Have Raised Concerns About Distraction, Investors Sell Tesla Stocks
Tesla investors and analysts are concerned that Elon Musk’s offer to buy Twitter may cause the electric automaker to suffer as the CEO is distracted by his takeover bid and
Published on April 15, 2022
By Debdutta Ghosh
Economics
Covid Hit Will Potentially Slows Down China’s GDP Growth To 5.0% In 2022
According to a Reuters poll, China’s economic growth would likely fall to 5.0 percent in 2022 due to further COVID-19 outbreaks and faltering global recovery, putting more pressure on the
Published on April 14, 2022
By Debdutta Ghosh
Business & Finance
Toyota Wants To Revive The 67-Year-Old Crown With An SUV Type: Reports
Toyota Motor Corp planned to release a sport utility vehicle version of its Crown sedan in Japan, China, and North America, reviving a car that has been a showpiece of
Published on April 14, 2022
By Debdutta Ghosh
Economics
Heavy Demand And Supply Chain Disruptions Pushes Up Global Renewable Power Prices
According to a report released on Wednesday, prices for wind and solar power in major worldwide markets have risen roughly 30 per cent in a year as producers deal with
Published on April 13, 2022
By Debdutta Ghosh
Economics
Unexpected Fall Of Chinese Imports Due To Covid Curbs In The Country
Imports unexpectedly decreased in March as Covid-19 restrictions delayed freight arrivals and dampened domestic demand, while export growth slowed, leading analysts to forecast a worsening in trade in the second
Published on April 13, 2022
By Debdutta Ghosh
Economics
Ukraine War And A Weak Yen Hold Japan’s Wholesale Inflation Close To Historic High
According to figures released on Tuesday, Japan’s wholesale inflation stayed near record highs for the month of March, as the Russian invasion of Ukraine and a weak yen pushed up
Published on April 12, 2022
By Debdutta Ghosh
Economics
Covid Lockdowns And Ukraine War Likely Slowed China’s March Trade Growth
China’s export growth slowed in March as the Ukraine war reduced global demand, wile imports declined amid evidence that widespread anti-Covid lockdowns had hurt internal spending, according to a report
Published on April 12, 2022
By Debdutta Ghosh
Business & Finance
New Team Formed By EU To Begin To Jointly Purchasing Non-Russian Gas
As part of its efforts to reduce dependency on Russian fuels and develop a buffer against supply shocks, the European Union has launched a platform for European Union countries to
Published on April 8, 2022
By Debdutta Ghosh
Economics
BofA Warns Of A “Recession Shock” Coming Soon
The macroeconomic outlook is rapidly deteriorating, putting the US economy in jeopardy with the Federal Reserve tightening its monetary policy with the aim of keeping rising inflation in check, said
Published on April 8, 2022
By Debdutta Ghosh
Business & Finance
Russian Gas Exports To Europe Are Decreasing In Response To Customer Demands
On Thursday morning, Russian gas supply to Europe via the Yamal-Europe pipeline shifted course, flowing from Germany to Poland, while supplies via Ukraine were also reduced, all in response to
Published on April 7, 2022
By Debdutta Ghosh
Economics
Mexico’s Annual Inflation Rate Is At A 21-Year High, And More Rate Hikes Expected
Consumer prices in Mexico climbed 7.45 percent in the year to March, the highest level since early 2001 and more than double the central bank’s target, according to data released
Published on April 7, 2022
By Debdutta Ghosh
Economics
Oil Prices Are Rising As New Russian Penalties Overcome Concerns About Demand
Oil futures climbed on Wednesday, reversing early losses, as the potential of fresh penalties against Russia stoked supply concerns, contrasting concerns about weaker demand as a result of a rise
Published on April 6, 2022
By Debdutta Ghosh
Economics
Omicron Surge In China Leaves Negative Impact On Its Services Sector Activity: Caixin PMI.
According to a private sector survey released on Wednesday, activity in China’s services industry dropped at the fastest rate in two years in March, as a surge in coronavirus cases
Published on April 6, 2022
By Debdutta Ghosh
Economics
The NFT Bubble Is Apparently Experiencing The Shrinking Feeling
This strange and chaotic market is showing symptoms of slowing down a year after a single non-fungible token sold for $69.3 million in crypto at Christie’s auction house, with the
Published on April 5, 2022
By Debdutta Ghosh
Economics
Repercussions Of Russia-Ukraine Conflict Is Already Wreaking Havoc On Vulnerable ‘Frontier’ Economies
The fallout from the Russia-Ukraine conflict has just pushed two of the world’s poorest countries into full-fledged crises, and the list of those at risk – and the line at
Published on April 5, 2022
By Debdutta Ghosh
Economics
Almost 50% Of Crypto Owners Purchased Digital Assets For The First Time In 2021, Shows A New Survey
According to a new survey by U.S. cryptocurrency exchange Gemini, nearly half of all owners of cryptocurrency in the United States, Latin America, and Asia Pacific purchased the digital assets
Published on April 4, 2022
By Debdutta Ghosh
Economics
Climate Change Might Cost The US Economy $2 Trillion Each Year By The End Of The Century: White House
Climate change-related floods, fires, and droughts could eat into the US government budget by the end of the century, according to the White House, which released its first-ever study on
Published on April 4, 2022
By Debdutta Ghosh
Economics
EU Antitrust Regulators Now Target Cloud Business Of Microsoft
EU antitrust investigators of the European Union are talking to Microsoft’s competitors and customers about the cloud business and licencing relationships of the American tech giant, a step that may
Published on April 2, 2022
By Debdutta Ghosh
Economics
The EU Is Planning To Tighten Regulations On Cryptocurrency Transfers
On Thursday, European Union lawmakers are expected to support stronger safeguards for bitcoin and other cryptocurrency payments, the latest hint that regulators are tightening their grip on the free-wheeling industry.
Published on April 2, 2022
By Debdutta Ghosh
Economics
Agriculture Supplies May Be Confined To ‘Friendly’ Countries, Warns A Putin Ally
Since the start of Russian invasion of Ukraine, experts have been raising concerns of shortage of essential food in many of the poorer countries. In the wake of Western sanctions
Published on April 1, 2022
By Debdutta Ghosh
Economics
50% Of American Companies To Slash Revenue Forecasts Due To Shanghai Cvodi-19 Curbs
According to a poll released on Friday by the American Chamber of Commerce in Shanghai, more than half of US multinational corporations in China have decreased their year sales estimates,
Published on April 1, 2022
By Debdutta Ghosh
Economics
According To The IMF, Financial Sanctions Against Russia Threaten To Erode The Dollar’s Dominance
According to a top IMF official, the extraordinary financial sanctions imposed on Russia following its invasion of Ukraine threaten to erode the US dollar’s dominance over time, resulting in a
Published on March 31, 2022
By Debdutta Ghosh
Economics
Contraction In Both Chinese Manufacturing, And Services Sectors For First Time Since 2020
For the first time since the peak of China’s COVID-19 pandemic in 2020, manufacturing and service activity in March fell at the same time, highlighting the need for stronger governmental
Published on March 31, 2022
By Debdutta Ghosh
Economics
Japan’s Prime Minister Directs Cabinet To Put Together A Relief Package To Tackle Increasing Prices
Fumio Kishida, Japan’s prime minister, instructed his cabinet to put together a new relief package by the end of April to help offset the economic impact of rising fuel and
Published on March 29, 2022
By Debdutta Ghosh
Business & Finance
Automobile Sales In The United States Likely To Decline As Less Affluent Purchasers Opt Out
The ongoing global shortage of semiconductor chips and the Russian invasion of Ukraine have reduced inventories of car companies in the United States during the first quarter of the current
Published on March 29, 2022
By Debdutta Ghosh
Economics
An EU Survey Suggests The Block Should Have Its Own Full Budget To Stabilise The Economy
A European Commission study of academics, think tanks, and other groups and individuals proposed that the European Union, like national governments, should have a proper budget that it could use
Published on March 28, 2022
By Debdutta Ghosh
Business & Finance
Huawei Is ‘More Unified’ In The Face Of US Sanctions, Says Company’s Repatriated CFO
US pressure on Chinese etch giant Huawei Technologies has served to strengthen the Chinese telecoms major’s resolve, finance head Meng Wanzhou said on Monday after the company’s first set of
Published on March 28, 2022
By Debdutta Ghosh
World & Politics
Houthi Rebels Attack Saudi Aramco Petroleum Storage Site
Yemen’s Houthis said they started strikes on Saudi energy infrastructure on Friday, while the Saudi-led coalition said an attack on oil giant Aramco’s petroleum products distribution station in Jeddah caused
Published on March 26, 2022
By Debdutta Ghosh
Economics
According To Qatar, The Ukraine-Russia Situation Is Causing Countries To Look Into New Ways Of Pricing Oil
With the economic consequences of the Ukraine crisis becoming clear, Qatar’s foreign minister told CNBC that some countries were exploring a “parallel system” of oil pricing. It comes after the
Published on March 26, 2022
By Debdutta Ghosh
Economics
Russia’s Economy Has Been Harmed By Four Weeks Of War With Ukraine
Russia’s invasion of Ukraine on February 24 triggered broad sanctions, ripping the country out of the global financial fabric and sending its economy into a tailspin. After a month, Russia’s
Published on March 25, 2022
By Debdutta Ghosh
Business & Finance
American Tech Giants Likely To Face Tough New Regulations In Europe
The business models and key business practices of the largest American tech companies including Alphabet owned Google, Amazon, Apple, Meta, and Microsoft, may have to be adjusted by the businesses
Published on March 25, 2022
By Debdutta Ghosh
Economics
Lloyd’s Of London Sees Significant Claims Arising From The Ukraine Conflict
This year, Lloyd’s of London will face significant claims relating to Russia’s invasion of Ukraine, but the commercial insurance market leader indicated on Thursday that this will not result in
Published on March 24, 2022
By Debdutta Ghosh
Economics
BlackRock’s CEO Fink Believes Digital Currency Adoption Will Accelerate Due To Russia-Ukraine Crisis
Larry Fink, the CEO of BlackRock Inc., said on Thursday that the Russia-Ukraine crisis could hasten the adoption of digital currencies as a means of settling international transactions, as the
Published on March 24, 2022
By Debdutta Ghosh
Economics
US Withdraws Tariff On UK-Steel Imposed During Trump Presidency
The United States has agreed to reduce Trump-era tariffs on steel and aluminium shipments to the United Kingdom, eliminating a point of contention between the allies. The action comes after
Published on March 23, 2022
By Debdutta Ghosh
Economics
UK Inflation Touches 6.2%, A 30-Year High, Due To Increase In Energy Costs
Inflation in the United Kingdom hit 6.2 per cent in February, the highest level since March 1992, as rising food, fuel, and energy prices exacerbate the country’s cost-of-living crisis. The
Published on March 23, 2022
By Debdutta Ghosh
Economics
The EV Revolution Being Driven By ‘Humble And Hidden’ Auto Suppliers
Although the transition to electric vehicles may pose an existential danger to providers of combustion engines, auto parts companies like TE Connectivity face the problem of keeping up with demand.
Published on March 22, 2022
By Debdutta Ghosh
Economics
Bitcoin And The Likes Are No More Anonymous Enough For Some Crypto Users
An increasing number of crypto users who are looking out for more secluded transactionsw think that bitcoin is just not anonymous enough for them. As bitcoin matures and moves closer
Published on March 22, 2022
By Debdutta Ghosh
Economics
Germany’s Finance Minister Calls For Resumption Of Negotiations On Transatlantic Trade Agreement
According to a newspaper report, a call for fresh talks and negotiations on a free trade agreement between the European Union and the United States has been issued by Germany’s
Published on March 21, 2022
By Debdutta Ghosh
Economics
China Apparently Prefers Commercial Relations With West Than Russia Over Ukraine War
China’s President Xi Jinping may be forced to decide to choose between a long-standing lucrative trading relationship with the West and a developing strategic connection with Moscow, following a warning
Published on March 21, 2022
By Debdutta Ghosh
Business & Finance
Reliance And Ola Electric Have Secured Incentives In $2.4 Billion Battery Plan Of India
After winning a contest, India’s Reliance Industries and Softbank Group-backed Ola Electric will receive incentives under India’s $2.4 billion scheme to encourage domestic battery cell manufacture, according to a report
Published on March 17, 2022
By Debdutta Ghosh
Economics
Potential Impact Of Fed Rate Hike On US Consumers
The American central bank, the the Federal Reserve, ultimately raised its short-term interest rates by a quarter of a percentage point, signalling that it will further raise the rates even
Published on March 17, 2022
By Debdutta Ghosh
Economics
Continuation Of The War Could Shrink Ukraine Economy By As Much As 35%, Warns The IMF
If the war with Russia continues for some more time, the Ukrainian economy could contract by more than a third this year, according to the estimates of the International Monetary
Published on March 16, 2022
By Debdutta Ghosh
Economics
Fear Of Disruption Of Global Supply Chains Following China’s New Covid Lockdowns
A range of global companies – ranging from Apple supplier Foxconn to automakers Toyota and Volkswagen, have been forced to halt some of their operations in China because of the
Published on March 16, 2022
By Debdutta Ghosh
Economics
Russia Urged Deeper Indian Investments In Its Oil And Gas Industry
Russia wants much more Indian investments in its oil and gas sector which have been severely hit by sanctions from Western countries. Moscow is also interested in expanding the sales
Published on March 14, 2022
By Debdutta Ghosh
Economics
More Russians Use VPN Since Ukraine Invasion To Skirt Government Internet Control
Russians are using virtual private networks (VPNs) to get past the country’s rising internet restrictions in the aftermath of the invasion of Ukraine. VPNs can mask a user’s online identity
Published on March 14, 2022
By Debdutta Ghosh
Business & Finance
Uber Imposes A Fuel Surcharge In The US And Canada In Response To Fuel Price Hike
The soaring cost of fuel is about to bite Americans. Uber, the ride-hailing firm, has stated that in order to account for rising gasoline prices, it would impose a fuel
Published on March 12, 2022
By Debdutta Ghosh
Economics
Russia Faces A Critical Debt Repayment Deadline And Potential Rate Hike By Central Bank
Next week, the price that Russia will be paying for its invasion of Ukraine will become further evident, with a hitherto inconceivable sovereign default approaching, additional emergency central bank measures
Published on March 12, 2022
By Debdutta Ghosh
Economics
50% Of Global Production Of Neon For Chips Halted By Ukraine: Reuters
Ukraine’s two largest neon producers, which manufacture over half of the world’s supply of the critical component for chip manufacturing, have ceased operations as Moscow intensifies its pressure on the
Published on March 11, 2022
By Debdutta Ghosh
Economics
As The Ukraine Crisis Rages, EU Seeks To Reduce Reliance On Imported Chips, Food, And Raw Materials
Leaders of the European Union will announce on Friday that they aim to reduce their reliance on global suppliers of food, microprocessors, pharmaceuticals, raw resources, and digital technologies, as Russia’s
Published on March 11, 2022
By Debdutta Ghosh
Business & Finance
Brazil’s Cosmetics Giant Natura & Co Announces 292% Surge In Net Profit For Fourth Quarter
The top Brazilian cosmetics firm Natura & Co reported a huge, a 292 per cent, surge in its net income for the fourth quarter on Wednesday, which the company attributed
Published on March 10, 2022
By Debdutta Ghosh
