
Debdutta Ghosh
Business & Finance
BMW To Recall 1.03 Mln Vehicles Globally To Fix An Engine Fire Risk
German Luxury car maker BMW will be recalling more than 1.3 million vehicles from all over the world because of potential fire hazards in the vehicles, the company said on
Published on March 10, 2022
By Debdutta Ghosh
Economics
Big Commodity Importing Countries To See Fall In Growth Due To War-Induced Hike In Oil Price, Says World Bank
Those developing economies that are large net importers of oil such as China, Indonesia, South Africa, and Turkey will face a potential loss of 1 per cent in their gross
Published on March 9, 2022
By Debdutta Ghosh
Economics
Crude Surges After Russian Oil Ban By The US Making Equities In Asia To Falter
While prices of crude oil rose further on Wednesday, Asian equities sank as investors tried to work out the implications of the intensifying war in Ukraine and a new ban
Published on March 9, 2022
By Debdutta Ghosh
Economics
Gold Price Surges Past $2,000 As Investors Seek A Safe-Haven A Amid The Ukraine War
On Monday, gold reached its highest level in more than a year and a half, and palladium reached an all-time high because of them being perceived to be safe-haven assets,
Published on March 7, 2022
By Debdutta Ghosh
Economics
Crude Pushed Up To Historic Highs By The Ukraine War
The potential of a U.S. and European boycott on Russian exports, including oil and gas, as well as the delay of Iranian talks, pushed global crude oil prices to new
Published on March 7, 2022
By Debdutta Ghosh
Economics
Oil Prices Surges To 7-Year High Over Supply Disruption Fears From Russia
Oil prices soared to seven-year highs on Wednesday, as traders attempted to find alternative sources of oil in a market that was already tight. Concerns over supply disruption grew as
Published on March 2, 2022
By Debdutta Ghosh
Economics
Major American Brands, Including Apple, Ford, And Others Exit Russian Businesses Over Ukraine Invasion
Faced with constant pressure from their investors and customers protesting the Russian invasion of Ukraine, a number of America’s most well-known brands – including Apple, Google, Ford, Harley-Davidson, and Exxon
Published on March 2, 2022
By Debdutta Ghosh
Economics
Russia Will Temporarily Disallow Foreign Investors To Sell Assets And In The Country
As a response to growing Western sanctions, Russia would temporarily prohibit foreign investors from selling Russian assets in order to guarantee that they make informed decisions rather than ones influenced
Published on March 1, 2022
By Debdutta Ghosh
Economics
With The Russian Rouble At An All-Time Low, Cryptocurrency Trading In The Russian Currency Is Surging
The Russian currency rouble has dropped by more than 30% as a result of crippling sanctions imposed by a number of Western countries in response to Russia’s invasion of Ukraine,
Published on March 1, 2022
By Debdutta Ghosh
Economics
Markets Around The World Fall On Ukraine Issue, Rouble Plummets
On Monday, stocks fell all over the world, along with a rise in oil prices, while the rouble plummeted to record lows with the West stepping up sanctions against Russia
Published on February 28, 2022
By Debdutta Ghosh
Economics
Oil Prices Surge With Growing Concerns Over Russian Oil Supply
Oil prices soared on Monday as the United States and its allies placed further sanctions on Russia and barred several Russian banks from participating in a global payment system, potentially
Published on February 28, 2022
By Debdutta Ghosh
Business & Finance
Stellantisโ Jeep Brand Will Launch Two New Suvs In India To Grow Sales
The Jeep brand of the auto major Stellantis will introduce two new sport-utility vehicles (SUVs) in India this year in an effort to increase sales in a nation where the
Published on February 27, 2022
By Debdutta Ghosh
Economics
Consumer Expenditure And Orders For Core Capital Goods Show That The US Economy Going Strong
Consumer spending in the United States climbed more than predicted in January, providing a big boost to the economy at the start of the first quarter, but price pressures remained
Published on February 27, 2022
By Debdutta Ghosh
Business & Finance
Didi, China’s Ride-Hailing Service, Has Changed Its Mind And Will Remain In Russia
Didi Global, the Chinese ride-hailing company, stated on Saturday that it will continue to function in Russia, overturning a statement announced on Monday that it would leave the market as
Published on February 27, 2022
By Debdutta Ghosh
Economics
Russia To Face SWIFT Bans And Other Penalties For Ukraine Invasion
The United States and European nations voted on Saturday to impose the most harsh sanctions yet on Russia in response to Moscow’s invasion of Ukraine. The latest sanctions target Russia’s
Published on February 27, 2022
By Debdutta Ghosh
Economics
EU Imposes New Sanctions On Russia And Says “Putin Must And Will Fail”
President Vladimir Putin “must and will fail,” senior European Union leaders warned on Friday as they agreed to fresh sanctions in response to his invasion of Ukraine, claiming he was
Published on February 26, 2022
By Debdutta Ghosh
Economics
Russia’s Economic Defences Likely To Break Down Over Time In Face Of Western Sanctions, Say Analysts
Despite the fact that Russia has spent the previous seven years reinforcing its financial defences, its economy is unlikely to be able to withstand the Western sanctions in the long
Published on February 26, 2022
By Debdutta Ghosh
Economics
Crude Oil Reaches 7-Year High After Russian Military Ops In Ukraine
After Russian President Vladimir Putin launched a ‘special military operation’ in the eastern region of Ukraine on Thursday early morning, the price of Brent crude went past $100 a barrel,
Published on February 24, 2022
By Debdutta Ghosh
Economics
Russian President Vladimir Putin Announces Special Military Ops In Eastern Ukraine
Russia has launched “special military operations” in Ukraine’s Donbas area, as Russian President Vladimir Putin urged other regions of the nation not to meddle in the military operations or suffer
Published on February 24, 2022
By Debdutta Ghosh
Business & Finance
Boycott In China And Rising Input Cost To Hit Its Profit Growth In 2022, Warns Puma
The sports apparel maker Puma expects its sales to grow by at least 10 per cent in 2022, the company said, but also warned that its profit growth could be
Published on February 23, 2022
By Debdutta Ghosh
World & Politics
Supply Of Covid-19 Vaccine Under Global Program Higher Then Demand First The Time Since Pandemic
The global effort to exchange Covid-19 vaccinations is failing to put more than 300 million doses, indicating that the problem with global vaccination is now more about demand than availability.
Published on February 23, 2022
By Debdutta Ghosh
Business & Finance
Mercedes-Benz Plans To Build EV-Exclusive Manufacturing Lines In A Few Years
Mercedes-Benz plans to have facilities that would exclusively manufacture electric vehicles (EVs) by the second part of the decade, the company said. However, the luxury carmaker will avoid establishing EV-only
Published on February 22, 2022
By Debdutta Ghosh
Business & Finance
Markets More Concerned Over More Slide With Escalation Of Russia-Ukraine Crisis
When Russian, Ukrainian, and global markets reopened on Tuesday, investors were ready for a tumultuous day, as Vladimir Putin stepped it up in a situation that the West worries might
Published on February 22, 2022
By Debdutta Ghosh
Business & Finance
Lufthansa And Swiss Airlines Stops Flights To The Ukraine Capital Over Russia Tensions
Due to mounting worries of a Russian invasion of Ukraine, European airlines Lufthansa and Swiss Air Lines have ceased to operate flights to Kyiv, Ukraine’s capital, beginning Monday. Lufthansa, a
Published on February 21, 2022
By Debdutta Ghosh
Business & Finance
US Adds Chinaโs Alibaba And Tencent To Its ‘Notorious Markets List’
The US has added Alibaba and Tencent’s websites have been added to the “Notorious Markets List” of companies of the United States over suspicion that the companies are engaged in
Published on February 21, 2022
By Debdutta Ghosh
Economics
How Global Markets Could Be Impacted By Materialization Of Russia-Ukraine Conflict
A hypothetical Russian invasion of Ukraine would have ramifications across a range of global markets, from wheat and oil prices to sovereign dollar bonds in the region, as well as
Published on February 21, 2022
By Debdutta Ghosh
Business & Finance
Renault Seeks To Benefit From The Current Electric Boom In Auto Industry
Renault is considering separating its electric and combustion engine car divisions, a move that other automakers have resisted since it could stifle their capacity to use vehicle profits generated from
Published on February 21, 2022
By Debdutta Ghosh
Business & Finance
Amazon Agreed To Accept Visa Credit Cards Globally After End Of Disagreement On Fees
Amazon.com Inc has agreed to allow Visa Inc’s credit cards throughout its platform, bringing an end to a stalemate between the two companies that threatened to disrupt e-commerce payments and
Published on February 19, 2022
By Debdutta Ghosh
Business & Finance
Nestleโs Margins Will Not Be Impacted By Cost Inflation, Company Says
Nestle is optimistic in its capacity to protect profit margins despite rising costs this year and is contemplating more price hikes after exceeding sales and profits targets in 2021. Consumer
Published on February 19, 2022
By Debdutta Ghosh
Economics
China Will Collaborate With Asian Economies To Increase Use Of Local Currencies For Trade And Investment
China wants to increase the use of local currencies for trade and investment and for this purpose Beijing plans to approach to work closely with its trading partners in Asia,
Published on February 17, 2022
By Debdutta Ghosh
Business & Finance
Applied Materials Expects Supply-Chain Issues, But Nvidia Delivers A Positive Revenue Outlook
Strong demand for semiconductor chips from data centers prompted the chipmaker Nvidia Corp to forecast revenues for its current quarter above the estimates of analysts. However, after-hours trading saw Nvidia’s
Published on February 17, 2022
By Debdutta Ghosh
Economics
US Fed To Raise Rates By 25 Bps In March; Analysts Call For 50 Bps Due To Record Inflation
According to a Reuters poll of economists, the US Federal Reserve will start tightening in March with a 25-basis-point rate hike, but an increasing number of people predict the Fed
Published on February 16, 2022
By Debdutta Ghosh
Economics
Inflation Rate In UK Hits 5.5%, A New High For 30 Years
Inflation in the United Kingdom was 5.5 per cent in January, slightly higher than projections and still at a 30-year high. Consumer prices fell by 0.1 per cent on a
Published on February 16, 2022
By Debdutta Ghosh
Business & Finance
With Growing EV Sale, Power Grids Safety Can Be Ensured By Smart Charging
The key concern for power grid operators, charging businesses, and governments as sales of electric vehicles (EV) continue to climb is how to run tens of millions of vehicles without
Published on February 14, 2022
By Debdutta Ghosh
Business & Finance
India’s Top Bourse Was Dictated By A Himalaya Yogi, Says Regulator
A market regulator investigation has shown that the former chief of India’s largest stock exchange discussed private information with a yogi and asked his counsel on important issues. This was
Published on February 14, 2022
By Debdutta Ghosh
Economics
ECB Asks EU Banks To Spruce Up Defences Against Potential Hacks From Russia
The European Central Bank is advising banks in the eurozone to strengthen their defenses against cyberattacks, particularly in light of geopolitical tensions such as the stalemate between Russia and Ukraine,
Published on February 12, 2022
By Debdutta Ghosh
Business & Finance
Marketplace Stops Sale Of Most NFTs Because Of ‘Rampant’ Fakes And Plagiarism
Many sellers on the crypto platform that sold an NFT of Jack Dorsey’s first tweet for $2.9 million were selling tokens of content that were not owned by them and
Published on February 12, 2022
By Debdutta Ghosh
Economics
UK Economy Grew At 7.5% In 2021 As It Marks A Rebound
Official estimates reveal that the UK economy grew by 7.5 per cent last year, despite a drop in December owing to Omicron limitations. It was the fastest rate of growth
Published on February 11, 2022
By Debdutta Ghosh
Economics
January Inflation Rate In US Rise At Fastest Rate Since 1982
Price increases in the United States last month grew faster than expected, pushing the annual inflation to 7.5 per cent, which was the highest rate since 1982. Food and energy
Published on February 11, 2022
By Debdutta Ghosh
Business & Finance
Sales Linked To Covid Products Of GSK Close To $2 Bln, But Profit Growth Will Slow In 2022
In 2021, GSK made 1.4 billion pounds ($1.9 billion) in Covid-19 linked sales, primarily for the antibody medicine sotrovimab, in its first earnings report since rejecting a proposal from Unilever
Published on February 9, 2022
By Debdutta Ghosh
Business & Finance
Nissan Boosts Profit Forecast For Its Fiscal 2021-22 But Predicts Growth To Be Limited By Chip Shortage
Japan’s automaker Nissan Motor Co boosted its profit forecast for the full year on Tuesday as it extracted more profit per vehicle, but cautioned that future earnings growth would be
Published on February 8, 2022
By Debdutta Ghosh
Business & Finance
Indian State Of Maharashtra Seeks To Encourage Amazon, Uber, And Others To Switch To EVs Sooner Than Targeted
According to Reuters, the Indian state of Maharashtra will offer additional incentives to companies such as Amazon.com Inc and Uber to completely electrify their delivery trucks ahead of a 2025
Published on February 8, 2022
By Debdutta Ghosh
Business & Finance
Top Firms Are Inflating Their Progress On Climate Change, Says New Research
According to a study of 25 businesses, many of the biggest companies are failing to fulfill their own climate change targets. According to the New Climate Institute report, the companies
Published on February 7, 2022
By Debdutta Ghosh
Business & Finance
Toshiba Aims To Get Divided Into Two, Increases Return Targets For Shareholders
Toshiba Corp said it now plans to split into two firms rather than three, and it also announced a significant increase in projected shareholder distributions in a bid to pacify
Published on February 7, 2022
By Debdutta Ghosh
Management
Emission Tests For Hybrid Cars To Be Made Stricter By The European Union: Reports
After complaints that existing testing generates readings up to four times lower than real-world emissions, the European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in
Published on February 6, 2022
By Debdutta Ghosh
Economics
India’s Official Digital Currency Likely To Be Launched In Early 2023: Reports
According to reports quoting top government official sources, India’s official digital currency is expected to be released by the beginning of 2023. The Indian official cryptocurrency will function similarly to
Published on February 6, 2022
By Debdutta Ghosh
Economics
With Economy Recovering From Omicron, US December Job Growth Stronger Than Expected
Despite the interruption created by the Omicron variant of coronavirus, hiring in the United States was solid last month. According to the Labor Department, employers gained 467,000 jobs. That was
Published on February 5, 2022
By Debdutta Ghosh
Economics
IMF Chief Georgieva Says It Was ‘Too Early To Say’ If Global Economy Faces Long-Term Inflation
The president of the International Monetary Fund has said it was “too early” to judge whether the global economy was in for a period of prolonged inflation but cautioned that
Published on February 4, 2022
By Debdutta Ghosh
Economics
Japanese Economy Likely Returned To Growth In Q4 Of 2021 Driven By Strong Domestic Consumption
According to a poll of economists conducted by the global news agency Reuters, the economy of Japan most probably regained some steam and growth in the final three months of
Published on February 4, 2022
By Debdutta Ghosh
Business & Finance
Vodafone Challenges Network Suppliers As It Partners With Intel On OpenRAN
Vodafone is partnering with Intel Corp. and other silicon manufacturers to develop its own chip architecture for the fledgling OpenRAN network technology, with the goal of weakening incumbent telecoms equipment
Published on January 31, 2022
By Debdutta Ghosh