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Debdutta Ghosh


Europe’s Economic Recovery Under Cloud By Threat Of Covid-19 Surge

A return of coronavirus infections in Europe is raising concerns that the region’s successful economic recovery from the epidemic might be threatened by another harsh winter. So far, the new
Published on November 24, 2021
By Debdutta Ghosh

Daimler Will Use Berlin Factory To Make Its First In-House Electric Motor

Daimler announced on Thursday that it will build its first in-house electric motor at its oldest facility in Berlin, bringing solace to employees fearful that the diesel motor unit was
Published on November 19, 2021
By Debdutta Ghosh

Arabesque Report Finds Substantial Climate Disclosures Being Made By Only 1.2% Of Top Global Firms

Any significant disclosure about the climate risks posed by their business is made by just over one per cent of the five thousand big firms of the world, while no
Published on November 19, 2021
By Debdutta Ghosh

Eight Of Top 10 Cryptocurrencies Continue To Fall, Analysts Cite Multiple Factors

The high volatility in the crypto market on Tuesday continued to impact the cart on Wednesday. In Asia, except for stablecoins that are pegged against the dollar, the value of
Published on November 17, 2021
By Debdutta Ghosh

Following ‘Solid’ First Half, Its Free Cash Flow Forecast Raised By Vodafone

Following the growth of first half profits that beat estimates of analysts, its free cash flow forecast were increased by the mobile operator Vodafone because of strong performance in its
Published on November 17, 2021
By Debdutta Ghosh

US Falls Behind China In Wealth Growth Over Last Two Decades, Finds Mckinsey Report

A new study recently found that net worth globally has increased from $156 trillion in 2000 to $514 trillion in 2020. And almost one third of that rise was seen
Published on November 16, 2021
By Debdutta Ghosh

With Evergrande Struggling To Repay Debts, Luxury Assets Of Its Chief Reported To Be Sold

With the embattled Chinese real estate company China Evergrande Group scribbling to meet its financial commitments, its founder is freeing up monies from luxury assets such as art, calligraphy, and
Published on November 16, 2021
By Debdutta Ghosh

Disruption In China Causes Stagnation Of Burberry’s Recovery

Inclement weather and restrictions on travel in China because of Covid-19 resulted in stagnation of sales of Burberry in the second quarter, which seem dot downplay the profits reported by
Published on November 12, 2021
By Debdutta Ghosh

Toshiba Wants To Spinoff Into Three Companies

Toshiba Corp. of Japan announced plans on Friday to split into three separate entities by spinning off two of its key businesses: energy and infrastructure and device and storage. Toshiba
Published on November 12, 2021
By Debdutta Ghosh

Chinese Regulators Need To Be Clearer On New Rules, Say Global Automakers

Regulatory issues in China, the largest car market in the world and a market that is amongst the fastest in terms of adopting electric cars, are a headache for selling
Published on November 11, 2021
By Debdutta Ghosh

His Tesla Share Options Exercised By Elon Musk And Then Sold $1.1 Bln In Shares

According to filings made by Tesla Chief Executive Elon Musk on Wednesday, the billionaire sold off shares worth about $1.1 billion so that he could address his tax obligations on
Published on November 11, 2021
By Debdutta Ghosh

The US Has Ways For Reacting To OPEC+ Not Willing To Increase Oil Supply, Says Biden

Following the rejection of appeals by the United States for producing more oil by OPEC and its allies, the US President Joe Biden said on Saturday that the country has
Published on November 7, 2021
By Debdutta Ghosh

Chinaโ€™s October Exports Higher Than Estimates Offsetting Slowing Domestic Demand

Despite a slowdown, the growth of Chinese exports for the month of October was reported to be above the expectations of analysts. This growth was driven by continued strong global
Published on November 7, 2021
By Debdutta Ghosh

October Exports For China Likely Was Strong Due To Strong Global Demand

There was likely a slight fall in China’s export growth in October, according to a Reuters poll released on Friday, but still was strong enough because of sustained global demand,
Published on November 6, 2021
By Debdutta Ghosh

Weak Consumption Likely Resulted In A Slight Contraction For Japanโ€™s Economy In Q3

According to a survey of economists conducted by Reuters, there was a decline in Japan’s economy in the third quarter as Covid-19 infection controls and supply shortages weighed on consumption
Published on November 6, 2021
By Debdutta Ghosh

Growth In Japanโ€™s Service Sector In October For The First Time Since Start Of Pandemic

The October, the services sector activity in Japan increased – a first for it in 21 months, with a spike in consumer morale after the subsidence of the coronavirus pandemic,
Published on November 4, 2021
By Debdutta Ghosh

BMW Protected From Industry Woes Due To High Prices And A Supportive Supply Chain

Higher prices of its cars as well as the strong sale of its electric vehicle (EVs), which easily offset hit to the company because of lower vehicle deliveries because of
Published on November 4, 2021
By Debdutta Ghosh

Facebook Rebrand Fails To Impress Metaverse Pioneers

Facebook is trying to benefit from a growing buzz called metaverse even while it had not created the concept, said early adopters of the concept of virtual worlds โ€“ metaverse,
Published on November 3, 2021
By Debdutta Ghosh

Demands Of Better Pay leads Amazon Workers In Germany To Go On A Strike

According to the German services sector union Verdi, employees at a number of warehouses of the retailing giant Amazon in Germany started striking on Monday, as part of a long-running
Published on November 3, 2021
By Debdutta Ghosh

Historic Corporate Tax Deal Approved By G20 Leaders

The leaders of the twenty largest economies of the world have agreed to a worldwide deal that would see huge corporations’ earnings being taxed at a rate of at least
Published on October 31, 2021
By Debdutta Ghosh

Stronger-Than-Average Growth For UK Business, Says CBI Report

Even though the United Kingdom economy was hit by wide-ranging disruption to supply chains, the economy managed to clock a small degree of momentum, growing at more than average speed
Published on October 31, 2021
By Debdutta Ghosh

Phillips 66 Profit Beats Estimates Handsomely Due To Boost In Refining Margins

Profit margins from its refining business jumped by almost five-fold because of resurgent demand for motor fuels since rise in the uptake of Covid-19 vaccines and reducing restrictions, which helped
Published on October 30, 2021
By Debdutta Ghosh

Chevron CFO Says Inflated Oil Prices Unlikely To Last For Long

According to Chevron’s chief financial officer, high oil prices are unlikely to last for long. “This feels more cyclical than structural,” Pierre Breber, the CFO of Chevron, the No. 2
Published on October 30, 2021
By Debdutta Ghosh

With Oil Racing Toward $100, India, US And Japan Tell OPEC+ Enough Is Enough

Oil-consuming countries have grown more concerned by crude oilโ€™s rebound in the last year with its prices rising to $50 a barrel, then to $75, and currently at more than
Published on October 30, 2021
By Debdutta Ghosh

Facebook Rebranding To Focus On Metaverse Pushes Up Shares Of Meta Platforms

Following the announcement of the social media giant Facebook on Thursday of rebranding itself and changing its corporate name to develop the “metaverse”, a shared virtual environment, the stock price
Published on October 29, 2021
By Debdutta Ghosh

ECB In A Dilemma As Growth As Well As Inflation Soars In Euro Zone

The European Central Bank now had a tough decision to take a policy call because the growth of the euro zone economy throughout the summer was quite robust as economic
Published on October 29, 2021
By Debdutta Ghosh

US Economic Growth Dragged Down By Chip Woes Faced By Detroit Car Makers

The slump in the performance and production of the auto sector of the United States so far this year is more than a big issue for Detroit because it has
Published on October 29, 2021
By Debdutta Ghosh

Microsoft Nearly Surges Past Apple As The Most Valuable Company Of The World

An upsurge in the stocks of Microsoft on Wednesday nearly dethroned Apple Inc as the most valuable company in the world, just a day prior to the iPhone maker reporting
Published on October 28, 2021
By Debdutta Ghosh

Covid-19 โ€˜Vaccine Justiceโ€™ Demand By ILO Ahead Of G20 Summit

The recovery of the global economy will be significantly slower than expected unless the leaders of the world follow the universal availability of Covid-19 vaccines and end the so-called ‘vaccine
Published on October 28, 2021
By Debdutta Ghosh

Nokia Beats Market Expectations For Its Profits In The Third Quarter

The operating profits for its latest completed quarter as reported by the Finnish telecom equipment maker Nokia managed to comfortably beat analysts estimates on Thursday as the business continued to
Published on October 28, 2021
By Debdutta Ghosh

US Economic Growth In Third Quarter Likely Slowed Down Due To Delta Variant

With Covid-19 infections spreading throughout the globe as well as in the United States, there was straining in the global supply chains and resulting in shortages of items like vehicles.
Published on October 28, 2021
By Debdutta Ghosh

Despite Cost Pressures Faster Growth In Chinaโ€™s Industrial Profit Growth In September

Despite rising prices and supply chain constraints, profits at industrial firms in China increased at a quicker rate in September, owing primarily to spectacular growth in the mining and raw
Published on October 27, 2021
By Debdutta Ghosh

Q3 Core Inflation In Australia Accelerates To 6-Yr High

The September quarter saw Australian core inflation accelerated to its quickest annual rate since 2015, as rise in prices became more widespread, a huge surprise that prompted markets to bet
Published on October 27, 2021
By Debdutta Ghosh

Teslaโ€™s Market Valuation Surpasses One Trillion Dollars

The United States based electric car maker Tesla is now a trillion dollar company. This was possible after shares of the company surged and pushed the market cap of the
Published on October 26, 2021
By Debdutta Ghosh

Study Claims Cloud Computing Providers Also Targeted By Proposed EU Tech Rules

Cloud computing service providers should also be able to target by the draft EU laws aimed at limiting the power of Amazon, Apple, Alphabet’s Google, and Facebook aimed at reducing
Published on October 26, 2021
By Debdutta Ghosh

Shipment Of Pickup Trucks Lying Idle Due To Chip Shortage Being Sped Up By GM

American auto giant General Motors Co was forced to stop the completion and deliveries of its pickup trucks because of the global semiconductor shortage. However, a high-ranking executive of the
Published on October 24, 2021
By Debdutta Ghosh

After Strong Summer Season, Return Of Business Travel Indicated By Hotel Owner IHG

There have been positive signals of a rebound in business and international travel, claimed the hotel owner IHG and added that this has been driven by strong corporate bookings in
Published on October 24, 2021
By Debdutta Ghosh

East Timor Wants To Use Carbon Capture Tech In $3.6 Bln Barossa Gas Project

East Timor is trying to cover a multibillion-dollar income hole that will become apparent in 2023 when a depleted oil and gas field off its coast will become defunct and
Published on October 23, 2021
By Debdutta Ghosh

Lyft Revels Its Long-Overdue Safety Report Staing 4,000+ Sexual Assault Cases Were Reported

Between the years 2017 and 2019, Lyft Inc had received complaints of more than 4,000 cases of sexual assault on its ride-hailing network, according to a statement of the company.
Published on October 23, 2021
By Debdutta Ghosh

Inflation Will Be Even Higher Next Year, Warns Unilever

The current spate of inflation would pick up next year and would put increasing pressure on consumer goods companies for increasing prices of products to try and account for the
Published on October 22, 2021
By Debdutta Ghosh

Sub-Sahara Recovery Will Be Jeopardised By Shortage Of Vaccines, Warns The IMF

The International Monetary Fund said on Thursday that a shortage of access to Covid-19 vaccines is stifling economic recovery in Sub-Saharan Africa and that the region will fall behind by
Published on October 22, 2021
By Debdutta Ghosh

Chinese Growth Curbed By Power Shortage While Europe Faces Gas Shortage

The Chinese economy, the second-largest in the world has already been hit by power shortages which have, in turn, threatened to upend the global supply chains, while it is becoming
Published on October 19, 2021
By Debdutta Ghosh

Appleโ€™s New Premium-Priced MacBooks Show Case Its Focus On Chip Strategy

In an effort to move away further from the previous chip supplier Intel Corp, two new MacBook Pro models were unveiled on Monday by Apple Inc that is powered by
Published on October 19, 2021
By Debdutta Ghosh

PBOC Chief Says Challenges From ‘Mismanagement’ At Certain Firms Faced By China

People’s Bank of China Governor Yi Gang believes that the Chinese economy is “doing well,” even though there are headwinds challenging it, including default risks for some firms due to
Published on October 18, 2021
By Debdutta Ghosh

Ford To Build Electric Car Parts At UK Plant With $300 Million Investment

An investment of up to 230 million pounds ($316 million) would be made for the manufacturing of components for its electric cars at its factory in Halewood in northern England
Published on October 18, 2021
By Debdutta Ghosh

Power Shortage And Property Market Issues Slows Down Chinese Economy

Power shortages, issues with supply chains, and major issues in the property market of the country resulted in Chinaโ€™s economic growth happening at its slowest pace in a year during
Published on October 18, 2021
By Debdutta Ghosh

Evergrande CEO In Hong Kong For Negotiation Restructuring Debts And Asset Sale: Reuters

With the once top Chinese developer Evergrande Group struggles to cope with default on more than $300 billion in debts, discussions on restructuring and asset sales are being conducted with
Published on October 16, 2021
By Debdutta Ghosh

Bitcoin Surges Past $60,000 To Reach A Six-Month High Due To US ETF Expectations

With growing speculation among bitcoin investors that the United States regulators would approve a futures-based exchange-traded fund (ETF) which would, in turn, clear the path for more widespread investment in
Published on October 16, 2021
By Debdutta Ghosh

Central Banks Need To Monitor Inflation And ‘Act Appropriately’, Urges The IMF

Global policymakers were urged by the steering committee of the International Monetary Fund to keep a close eye on pricing dynamics, but also to “look through” inflationary pressures that the
Published on October 15, 2021
By Debdutta Ghosh

China Energy Crisis Exacerbated By Early Winter Chill As Coal Prices Push Records

On Friday, the energy crisis in China worsened further as cold weather blanketed a large part of the country while power plants struggled to stockpile coal that pushed up coal
Published on October 15, 2021
By Debdutta Ghosh
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