Debdutta Ghosh
Economics
Drop In Japan’s Factory Output For December More Than Expected
In December, Japan’s manufacturing output fell for the first time in three months, as a drop in machinery production offset a tiny increase in vehicles, casting doubt on the economy’s
Published on January 31, 2022
By Debdutta Ghosh
Economics
UK Growth Slows Down To Slowest Since April 2021 Due To Omicron Variant, Says CBI
The Confederation of British Industry said on Sunday that during the past three months, British businesses expanded at their weakest rate since April 2021. This was because of a sharp
Published on January 30, 2022
By Debdutta Ghosh
Economics
Goldman Sachs Expects US Fed To Increase Rates Five Rate Times This Year
According to a forecast by Goldman Sachs, the central bank of the United States – the US Federal Reserve, is set to make five increases in its interest rates in
Published on January 30, 2022
By Debdutta Ghosh
Economics
American Firms Shun Just-In-Time Supply Chain Strategy For “Buy Everything You Can”
Stephen Bullock gave up on the idea of obtaining raw materials and pieces only when they were needed on his manufacturing line eight months ago. Instead, Bullock, CEO of Power
Published on January 29, 2022
By Debdutta Ghosh
Economics
EU’s Chip Project Involves Investing Billions Euros, Says EU’s Breton
Tens of billions of euros are set to be invested by the European Union in its chip industry in order to increase its share in the worldwide production of chips
Published on January 29, 2022
By Debdutta Ghosh
Business & Finance
Mercedes-Benz To Be Rebranded By Daimler AG On February 1
A new name for the luxury carmaker Mercedes-Benz Group AG would be formally made by its owner Daimler AG on February 1. It was almost a year ago that the
Published on January 28, 2022
By Debdutta Ghosh
Business & Finance
India’s Electric Scooter Maker Ather Wants To Make 1 Million Units A Year
The leading electric scooter manufacturer of India by revenue, Ather Energy, is soliciting funding to increase its annual production capacity to one million scooters over the next three years as
Published on January 28, 2022
By Debdutta Ghosh
Business & Finance
American Express Reports Record Spending On Its Cards, Allays Fears Of Omicron Hit
Consumers who sought relief from the pandemic used their credit cards to eat and dine out and go out on holidays which helped American Express Co to report quarterly profits
Published on January 26, 2022
By Debdutta Ghosh
Business & Finance
$7 Billion Investment Of GM Pits In Direct EV Rivalry With Ford, And Tesla
General Motors announced a $7 billion investment in Michigan on Tuesday, much of it geared at drastically increasing manufacturing of full-size electric pickup trucks, escalating a struggle with competitor Ford
Published on January 26, 2022
By Debdutta Ghosh
Economics
Top 150 EU Banks Will Have To Publish ‘Pioneering’ Climate Statistics
Large banks in the European Union will have to provide “pioneering” statistics starting in 2024 to illustrate how they support or hamper the climate goals of the block, according to
Published on January 24, 2022
By Debdutta Ghosh
Business & Finance
SPAC That Merged With Trump’s Venture Performs Better Than Others In Sector
Despite the regulatory threats facing the deal and investors now lambasting the overwhelming majority of such vehicles, stocks of the blank-check acquisition company that decided to merge with former President
Published on January 24, 2022
By Debdutta Ghosh
Economics
Rate Hike By US Fed Could ‘Throw Cold Water’ On Global Recovery Says IMF Chief
Interest rate hikes by the Federal Reserve could “throw cold water” on already sluggish economic recovery in some nations, according to Kristalina Georgieva, managing director of the International Monetary Fund.
Published on January 22, 2022
By Debdutta Ghosh
World & Politics
44 US Flights By Chinese Carriers Suspended By Joe Biden Administration Following Similar Chinese Action
The United States government has announced suspension of 44 China-bound flights from the US by four Chinese carriers as a reaction to the Chinese government’s decision to block some US
Published on January 22, 2022
By Debdutta Ghosh
Economics
Cryptocurrencies Slide As Bitcoin Drops 7% And Ether Falls 8% In 24 Hours
On Thursday night, bitcoin and ether prices plummeted, wiping out over $150 billion from the cryptocurrency market. According to CoinDesk, Bitcoin has declined roughly 7 per cent in the previous
Published on January 21, 2022
By Debdutta Ghosh
Economics
Its Second SPAC Start Trading In Singapore While A Third Is Set To Debut
A day after Singapore’s first-ever SPAC, Vertex Technology Acquisition Corporation, started trading publicly on the city state’s exchange, a second blank check firm began doing the same on Friday. Pegasus
Published on January 21, 2022
By Debdutta Ghosh
Economics
Bank Of England Expected To Increase Rates Again In February Amid Surge In Inflation
According to the results of Reuters’ poll, the Bank of England will continue its tightening cycle next month as red-hot inflation remains well over the goal and the economic threat
Published on January 21, 2022
By Debdutta Ghosh
Business & Finance
Japan’s Sony Looking Out For New Partners For A Transformative EV Project
The Japanese tech giant Sony is likely to add additional technology partners to its electric vehicle (EV) initiative with the aim to help it construct a mobility business that will
Published on January 21, 2022
By Debdutta Ghosh
Business & Finance
Australia Requests Backpackers To Aid In Pandemic Induced Labour Shortage In The Country
The Australian government has requested backpackers to work in the country as the country seeks an alternative replacement for the country’s workforce which has been severely crippled by the latest
Published on January 19, 2022
By Debdutta Ghosh
Business & Finance
UK Is Set To Introduce Paid Covid-19 Tests At End-June: Reuters
Health officials of the United Kingdom want to begin charging Britons for Covid-19 tests, which are presently free, by the end of June, in what might be a controversial bet
Published on January 19, 2022
By Debdutta Ghosh
Science & Technology
Flu Returns To Europe, Threatens A Prolonged ‘Twindemic’
After nearly disappearing last winter, influenza has arguably made a comeback in Europe at a pace that is faster-than-expected , generating fears of a lengthy “twindemic” with Covid-19, as well
Published on January 17, 2022
By Debdutta Ghosh
Economics
Chinese Growth Rate In 2021 Highest In A Decade
The economic growth of China staged a major turnaround in 2021, with the highest rate of growth in a decade which was driven by strong exports. However, there were concerns
Published on January 17, 2022
By Debdutta Ghosh
Economics
Incentives By Indian Government’s $2.4 Bln Battery Scheme Draws Reliance, Hyundai, And Mahindra
Proposals to participate in India’s $2.4 billion battery project have been formulated and submitted to the Indian government by Indian conglomerate Reliance Industries, South Korean automaker Hyundai Motor Co, and
Published on January 15, 2022
By Debdutta Ghosh
Economics
Despite Optimism By Chiefs Of Largest US Banks, Investors Sceptic Of Banking Sector Growth
Investors on Wall Street remained skeptical of the prospect of growth of the banking sector even though the chiefs of the largest United States banks remained optimistic on the economic
Published on January 15, 2022
By Debdutta Ghosh
Economics
A Drop In Annual Crude Oil Imports In China In 2021, A First Time In 20 Years
There was a 5.4 per cent drop in China’s annual crude oil imports in 2021 which was the lowest for the country since 2001. This was potential because of Beijing
Published on January 14, 2022
By Debdutta Ghosh
Business & Finance
Experian Says Surge In Demand For Its Services From Clients In Buy-Now-Pay-Later Sector
Experian, the world’s largest credit data provider, said on Friday that it expects to witness a surge in the demand for its services related to the buy-now-pay-later (BPNL) sector and
Published on January 14, 2022
By Debdutta Ghosh
Economics
US December Consumer Price Inflation Mark Biggest Rise In Almost 40 Years
The largest annual rise in inflation in almost four decades occurred in December, in the United States as rental housing and used cars held onto their strong gains, resulting in
Published on January 13, 2022
By Debdutta Ghosh
Science & Technology
Hyundai Heavy Unit Claims Tech To Transport Hydrogen By Ships To Be Ready By 2025
Korea Shipbuilding & Offshore Engineering (KSOE) wants to be able to develop the technology to carry hydrogen by ship by 2025, said an executive of the company. This is a
Published on January 13, 2022
By Debdutta Ghosh
Science & Technology
The European Drug Agency Questions The Need For A Fourth Booster Dose
Doubts about the usefulness of a fourth booster dose of covid-19 vaccine were expressed by the drug regulator of the European Union and said that there is no evidence currently
Published on January 12, 2022
By Debdutta Ghosh
Management
China Cancels More Flights From The US Over Covid Scare
After a spike in passengers testing positive for Covid-19, China ordered the cancellation of six more US flights in the coming weeks on Wednesday, bringing the total number of cancellations
Published on January 12, 2022
By Debdutta Ghosh
Business & Finance
Citigroup Will Fire Employees That Remain Unvaccinated By This Month, Say Reports
Citigroup Inc employees in the United States who have not been vaccinated against Covid-19 by January 14 would be placed on unpaid leave and dismissed by the end of the
Published on January 11, 2022
By Debdutta Ghosh
World & Politics
US Shatters Global Record For Daily Covid Infections With At Least 1.1 Million New Cases On Monday
According to a report by the news agency Reuters, the United States reported at least 1.13 million new coronavirus infections on Monday, which was the largest daily total of any
Published on January 11, 2022
By Debdutta Ghosh
Economics
Faced With Economic Crisis, Sri Lanka Requests China To Restructure Its Debt
The Asian island country Sri Lanka is currently facing an acute economic crisis. The President of the country has requested China to restructure its debt repayments so that this South
Published on January 10, 2022
By Debdutta Ghosh
Economics
New Survey Shows Positive Sentiments Of UK Manufacturers For 2022 Even In The Face Of Brexit And Inflation
British manufacturers are optimistic that business conditions and productivity will improve this year despite most saying they have been hurt by Brexit and rising costs, according to an industry survey
Published on January 10, 2022
By Debdutta Ghosh
Business & Finance
65% Of Total Vehicle Sales In Norway In 2021 Was Electric Ones
In 2021, electric cars accounted for nearly two-thirds of new car sales in Norway, with Tesla being the best-selling brand overall, as the country strives to be the first to
Published on January 6, 2022
By Debdutta Ghosh
Science & Technology
Omicron Variant Spreading In Big Cities In India But Hospitalisations Remain Nominal
Although there has been an increase in Covid-19 cases in the megacities in India – Delhi, Mumbai, and Kolkata, without a commensurate increase in hospitalizations, fears are mounting that the
Published on January 6, 2022
By Debdutta Ghosh
Science & Technology
Danish Study Concludes Omicron Able To Bypass Immunity More Than Delta
According to a Danish study published last week, the Omicron coronavirus variant is stronger at evading vaccinated people’s immunity compared to the Delta variant, which may be the explanation of
Published on January 5, 2022
By Debdutta Ghosh
Economics
A Few European Reinsurance Rates Increase By More Than 50% At Jan 2022 Renewals
Some European reinsurance companies raised property reinsurance rates by over 50 per cent starting January 1 this year when renewals were due following record insured losses last year being suffered
Published on January 5, 2022
By Debdutta Ghosh
Business & Finance
Foreign Auto Firms Express Interest In Purchasing Ford Plant In India, State Minister
Following unsatisfactory talks with the Tata Group, the industries minister of India’s Tamil Nadu state stated on Thursday that foreign automakers had expressed interest in buying Ford Motor Co’s plant
Published on January 3, 2022
By Debdutta Ghosh
Science & Technology
Double Dose Of Sinovac Covid-19 Vaccine And Pfizer Booster Not As Effective Against Omicron, Shows Study
A new study has shown that a double dosage of Sinovac’s Cvodi-19 vaccine followed by a booster shot of the Pfizer-BioNTech vaccine is able to generate a lower immune response
Published on January 3, 2022
By Debdutta Ghosh
Business & Finance
Safety Issues Force Tesla To Recall Almost Half A Million Electric Cars
The National Highway Traffic Safety Administration (NHTSA), the road safety regulator of the United States, has announced that Tesla Inc is recalling over 475,000 of its Model 3 and Model
Published on December 31, 2021
By Debdutta Ghosh
Business & Finance
Stock Market Listing Regulations Made Stricter By India’s Market Regulator
After a record year of Initial Public Offerings (IPOs), India’s market regulator stiffened regulations for firms going public earlier this week, in a potential stalling of some of the planned
Published on December 30, 2021
By Debdutta Ghosh
Business & Finance
Didi Reports Revenue Drop As Domestic Business Hit By China’s Regulatory Crackdown
Didi Global, the Chinese ride-hailing company, announced a 1.7 per cent drop in the revenues generated by it in the third quarter on Wednesday as it pinned the blame for
Published on December 30, 2021
By Debdutta Ghosh
World & Politics
Covid-19 Infections Are On The Rise All Around The World, Prompting Concerns About Testing And Quarantine.
As the new Omicron variant of the coronavirus seemingly gets out of control, keeping employees at home and overloading testing centres, infections have reached record highs in the United States,
Published on December 29, 2021
By Debdutta Ghosh
Business & Finance
Indonesia Removes Ban On Boeing 737 Max After 2018 Lion Air Crash
More than three years since the Lion Air accident, which resulted in the deaths of all 189 people on board, Indonesia has removed its ban on the Boeing 737 Max,
Published on December 29, 2021
By Debdutta Ghosh
Science & Technology
Omicron Increases Neutralizing Immunity Against Delta, Says New South African Study
Scientists of a new study emerging from South Africa claims to have discovered that an individual getting infected with the Omicron variant of the coronavirus also gains increased neutralizing immunity
Published on December 28, 2021
By Debdutta Ghosh
Economics
Surge In Car Production Pushes Up Japan’s Factory Output In November
In November, Japan’s factory output increased at the quickest rate on record, as global supply chain constraints eased, allowing automobile production to recoup from its recent fall, raising hopes for
Published on December 28, 2021
By Debdutta Ghosh
Economics
Fall In Raw Material Prices Results In Drop In China’s Industrial Profit Growth
Profits for China’s industrial enterprises expanded at a significantly slower rate in November, according to the statistics bureau, owing to falling raw material prices, a sagging housing market, and weaker
Published on December 27, 2021
By Debdutta Ghosh
World & Politics
First Omicron Related Death Reported From Australia
Despite another spike in daily infections, Australia’s first recorded death from the new Omicron variant of Covid-19 was announced on Monday. However, regulators resisted implementing new restrictions, claiming that hospitalization
Published on December 27, 2021
By Debdutta Ghosh
Economics
Online Platforms To Be Investigated By Chinese Authorities To ‘Clean Up’ Internet
Chinese authorities have now embarked on a mission to curb down on fake accounts and information and plans to conduct a critical evaluation of a host of online platforms in
Published on December 25, 2021
By Debdutta Ghosh
Economics
Data Predicts A Drop In Sale Of New Vehicles In The US In December
Prices of vehicles in the United States have gone through the roof because of shortages in the supply of vehicles compounded by continued high demand which is consequently expected to
Published on December 25, 2021
By Debdutta Ghosh
