
Debdutta Ghosh
Business & Finance
First Tesla Cars From German Factory Could Roll Out By Come Next Month: Musk
Tesla CEO Elon Musk said on Saturday at the companyโs German plant’s site that the first cars from the new Berlin factory of the company should roll off the production
Published on October 10, 2021
By Debdutta Ghosh
Business & Finance
JV Chip Factory Being Planned By TSMC And Sony, Japan Government To Help: Nikkei
Building of a joint venture chip factory in Japan is being contemplated by Sony Group Corp. of Taiwan and Sony Group Corp. of Japan, and the Japanese government is ready
Published on October 10, 2021
By Debdutta Ghosh
Economics
Fall In Consumer Confidence In UK Due To Inflation Worries, Finds Bank Of America Report
Worries about the economic outlook of the United Kingdom and concerns about the continued rise in prices have pushed down British consumer morale to the lowest point since February this
Published on October 8, 2021
By Debdutta Ghosh
Economics
Draft Report By EITI Recommends Renegotiating Congo’s $6 Bln China Mining Deal
The draft of a report commissioned by a global anti-corruption body of governments, companies, and activists has warned that an infrastructure-for-minerals deal with Chinese investors worth $6 billion should be
Published on October 8, 2021
By Debdutta Ghosh
Economics
Governments Should Make Fiscal Policies To Counter Pandemic Debt, Suggests IMF
After governments all around the world allotting unprecedented fiscal stimulus for warding off the economic impact of the Covid-19 pandemic, policymakers now should focus on creating plans for returning back
Published on October 7, 2021
By Debdutta Ghosh
Economics
Gloomy Economic Forecast Of Regional Japan Offered By BOJ
Constraints in the supply chain disrupting the production of cars and other products forced its gloomiest forecast for the economics of the region in over a year to be announced
Published on October 7, 2021
By Debdutta Ghosh
Economics
Sub-Saharan Africa GDP Growth Estimated At 3.3% For 2021 And 3.5% In 2022 – World Bank
According to a world bank report released Wednesday, economic growth of 3.3 per cent for 2021 and 3.5 per cent for 2022 has been predicted for Sub-Saharan Africa which would
Published on October 6, 2021
By Debdutta Ghosh
Business & Finance
Unsynchronised Global Covid-19 Travel Rules Might Delay Global Airline Recovery
Global airlines are desperate for governments to align incoherent border rules so that the global airline industry is able to avoid a relapse into recession, the International Air Transport Association
Published on October 6, 2021
By Debdutta Ghosh
Business & Finance
28 New Unicorns Added In India So Far This Year Compared To A Total Of 38 Last Year
According to Indian industry group Nasscom, 28 new Indian unicorns were added in the first nine months of 2021, bringing the total number of unicorns in the nation to 66.
Published on October 2, 2021
By Debdutta Ghosh
Business & Finance
Shares Of Covid-19 Vaccine Makers Hit By Success Of Merckโs Covid-19 Pill
The global healthcare sector was shaken up by the successful results of clinical trial results for Merck & Co’s experimental antiviral Covid19 medicine which pushed the share price of the
Published on October 2, 2021
By Debdutta Ghosh
Economics
Following A Frantic 2021 Beginning, Slowdown In IPOs Globally In Third Quarter
According to Refinitiv statistics, the amount of initial public offerings (IPOs) worldwide dropped in the third quarter of 2021 from their earlier frantic pace, but the number of public listings
Published on September 30, 2021
By Debdutta Ghosh
Economics
Electric Car Makers Of China Making Big Moves Into Europe
Electric car makers from China are swooping into Europe, seeking to catch conventional automakers off guard and capture a piece of a market fueled by the continent’s push toward zero
Published on September 30, 2021
By Debdutta Ghosh
Economics
US Tech Trade Declaration Supported By EU Following French Concerns
Countries of the European Union committed to a joint EU-US agreement on technological collaboration on Wednesday, just in time for a critical transatlantic summit. This move came after France threatened
Published on September 29, 2021
By Debdutta Ghosh
Business & Finance
S. Koreaโs Samsung Electronics To Soon Decide On Its $17 Bln Chip Plant In Texas
Samsung Electronics Co Ltd is nearing the finalization of the building of its proposed $17 billion semiconductor plant in Williamson County, Texas, said reports quoting people with knowledge of the
Published on September 29, 2021
By Debdutta Ghosh
Economics
US Approached China To Curtain Beijingโs Iranian Oil Imports โ Reuters
China has been approached by the United States about decreasing its imports of crude oil from Iran, reported news agency Reuters quoting information from sources in the US and Europe.
Published on September 29, 2021
By Debdutta Ghosh
Business & Finance
Mastercard Announces Offering Of Purchase Now, Pay Later Services
Mastercard Inc. announced its entrance into the purchase now, pay later service industry on Tuesday even as this sector of the finance industry poses a threat of erosion of the
Published on September 28, 2021
By Debdutta Ghosh
Business & Finance
UK Suspends Competition Law To Ensure Adequate Supply Of Fuel To Gas Stations
Following a recent panic purchasing by customers in the United Kingdom, the government has announced it would be suspending competition rules to allow oil companies to better target gasoline delivery
Published on September 27, 2021
By Debdutta Ghosh
World & Politics
Normal Life To Return In A Year But With Annual Covid Shots, Says Pfizer CEO Albert Bourla
According to Pfizer CEO and Chairman Albert Bourla, normal life in the world should return back within a year. He also said that people would likely also need to take
Published on September 27, 2021
By Debdutta Ghosh
Business & Finance
Warnings Of Product Shortages And Delays Issued By Nike And Costco
Nike, the United States based sport wear giant, and Costco, the US based retailer, have both warned of shortages and delays of products as a result of global supply chain
Published on September 26, 2021
By Debdutta Ghosh
Business & Finance
French Luxury Group Kering Announces Complete Stoppage Of Use Of Fur
In recent years, a number of fashion and luxury brands and houses have stopped using animal fur in line with demands from customers and in response to wider calls for
Published on September 26, 2021
By Debdutta Ghosh
Economics
A Long Term Energy Strategy Is Needed For Europe, Says Eni CEO
The increasing prices of gas even as the winter is fast approaching in Europe is evidence that it is important for the European Union to develop a strategy for energy
Published on September 25, 2021
By Debdutta Ghosh
Economics
Quad Countries Will Focus On Supply Chains Development For Clean-Energy: Australia PM
According to Australia’s Prime Minister Scott Morrison, the United States, Japan, India, and Australia would collaborate with each other as well as with other countries to strengthen the security of
Published on September 25, 2021
By Debdutta Ghosh
Business & Finance
White House Asks American And Other Companies To Provide Information On Chips
On Thursday, the White House pushed automakers, chip firms, and others to share information on the ongoing semiconductor crisis, which has caused production cuts in the United States, and to
Published on September 24, 2021
By Debdutta Ghosh
Business & Finance
Car Defeat Devices As One Used By VW Is Broadly Illegal, Finds EU Court Adviser
The software that was used by Volkswagen AG’s to modify the temperature and altitude of pollution emissions is prohibited unless it prevents potentially dangerous abrupt engine damage, according to an
Published on September 23, 2021
By Debdutta Ghosh
Science & Technology
Covid-19 Pandemic Could Be Over In A Year, Says Moderna Chief Executive: Newspaper
According to Swiss newspaper Neue Zuercher Zeitung, Moderna Inc Chief Executive Stรฉphane Bancel believes the coronavirus epidemic might be ended in a year due to increasing vaccine manufacturing. “If you
Published on September 23, 2021
By Debdutta Ghosh
Business & Finance
Credit Card Loans Not Hit By Buy Now, Pay Later Plans, Says TransUnion
It is less likely that those borrowers who apply for “buy now, pay later” or any other point-of-sale financing offers will pay down their credit card bills compared to the
Published on September 23, 2021
By Debdutta Ghosh
Business & Finance
Amid Persistent Chip Shortage, Electronics Makers Hit By Labor Shortages
A trade organization representing electronics makers said on Thursday that it has grown more difficult to recruit skilled personnel, aggravating issues caused by an ongoing chip scarcity and creating product
Published on September 23, 2021
By Debdutta Ghosh
Economics
European Luxury Stocks’ Post Covid-19 Boom Threatened By China Wealth Plans
Many investors are still hesitant about purchasing stocks after the sharp August sell-off, as China’s slowing economic recovery and plans for redistribution of wealth threaten to disrupt Europe’s luxury sector.
Published on September 22, 2021
By Debdutta Ghosh
Economics
IMF Board Meets To Discuss Role Of Georgieva In China Data Rigging Scandal
According to the International Monetary Fund, its executive board got together on Tuesday to discuss and review a report that was prepared for the World Bank and one that has
Published on September 22, 2021
By Debdutta Ghosh
Business & Finance
Facebook End Deal Negotiations With Australian Media Firms, TV Broadcaster SBS Excluded
Facebook Inc. has ended its negotiating process for licensing agreements with publishers, the social media giant has informed the Australian publishers through an email sent to the industry, said reports.
Published on September 22, 2021
By Debdutta Ghosh
Business & Finance
German Automaking Giants Place Growth Hope And Confidence On Hydrogen Powered Cars
While battery power is the most promising technology for the future of car technology, hydrogen could be a viable alternative. This is the view of major automakers like BMW and
Published on September 22, 2021
By Debdutta Ghosh
Economics
China Wants To Re-Impose Its Global Factory Dominance Using High-Tech
China hopes to bring in a set of new robots โ such as an automated vehicle that can move heavy items around industrial spaces, within their manufacturing system to enhance
Published on September 22, 2021
By Debdutta Ghosh
Economics
World Bankโs ‘Doing Business’ Rankings Has Deeper Rot, Finds External Review
A group of external advisers to the World Bank has suggested a complete reshaping of the flagship Doing Business rankings in order to curb the efforts of countries to “manipulate
Published on September 21, 2021
By Debdutta Ghosh
Economics
OECD Warns Of Persistent High Inflation For G20 Countries For Two Years
According to the predictions of the Organisation for Economic Co-operation and Development (OECD), prices in most countries of the G20 group of major economies will continue to rise faster than
Published on September 21, 2021
By Debdutta Ghosh
Business & Finance
Christmas Holiday Toy Market Threatened By Supply-Chain Snarls
Toy suppliers and retailers in the United States and elsewhere are racing against time to tackle severe air, sea and land shipping shortage ahead of the Christmas season. A major
Published on September 20, 2021
By Debdutta Ghosh
Business & Finance
Beijingโs Regulatory Crackdown Not Aimed To Restrict Private Firms, China Assures Wall Street
The aim of the recent sweeping regulatory crackdown on domestic companies by Chinese authorities is not aimed at reining in private enterprises of the country or decoupling them from the
Published on September 20, 2021
By Debdutta Ghosh
Economics
China Formally Applied To Join Pacific Trade Pact CPTPP
Following a formal application by China, the second largest economy of the world, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), its leading member Japan said that
Published on September 18, 2021
By Debdutta Ghosh
Economics
Investors Rattled By World Bank China Rigging Scandal
Following revelations about World Bank leaders putting pressure on staff to enhance China’s score in one of its influential reports of the global body that ranks countries on the ease
Published on September 18, 2021
By Debdutta Ghosh
Business & Finance
No Indication Of Easing Of Global Freight Market In 2020, Says Maersk CEO
There are currently no signals about any change taking place in the currently red-hot global shipping market for the rest of this year, according to the chief executive of the
Published on September 17, 2021
By Debdutta Ghosh
Economics
Pressure On Staff To Boost Chinaโs Ranking Was Exerted By Former World Bank Boss Georgieva
An investigation at the World Bank has revealed that “undue pressure” on the organizationโs staff was imposed by leaders at the bank, including the then-Chief Executive Kristalina Georgieva, to enhance
Published on September 17, 2021
By Debdutta Ghosh
Economics
Already High Home Paint Prices Slated To Rise More
A shortage of supplies and higher prices are making it harder for do-it-yourselfers, consequently making it even more aggravating for the home improvement segment. One of the major ingredients of
Published on September 15, 2021
By Debdutta Ghosh
Economics
New ESG Standard For Certification For Hydro Power Projects Launched To Attract Investors
An environmental, social and governance (ESG) performance standard has been introduced in the global hydro-electric industry by the Hydropower Sustainability Council (HSC) that aims to increase transparency and accountability in
Published on September 15, 2021
By Debdutta Ghosh
Business & Finance
Chip Supplies To Auto Industry To Be More Stable In 2022, Says GM CFO
Paul Jacobson, Chief Financial Officer at General Motors Co, reiterated the 2021 profit outlook of the company. He also stated that the company expects a more stable year in 2022
Published on September 14, 2021
By Debdutta Ghosh
Business & Finance
EU Approves ITA While Ordering Alitalia To Repay 900 Mln Euros Illegal Aid
According to the European Commission, a capital injection of 1.35 billion euros by Italy into ITA, scheduled to be done in the next three years, is consistent with European Unionโs
Published on September 10, 2021
By Debdutta Ghosh
Economics
EU Budget Rules Must Support Investment And Realistic Debt Cuts, Says EU Ministers
The European Union’s finance ministers stated Friday that they are currently reviewing EU budget rules and suggested changes should be made to support post-pandemic investment. They also said that it
Published on September 10, 2021
By Debdutta Ghosh
Economics
President Biden Talks To China’s President Xi In The First Phone Call In Over 7 Months
The White House stated that Joe Biden, the US President, spoke with Xi Jinping, his Chinese counterpart, for the first time in seven weeks. They urged them to ensure that
Published on September 10, 2021
By Debdutta Ghosh
Economics
August US Job Growth Hit By Surge In Covid-19 Caused By Delta Variant
A resurgence of Covid-19 infections resulted in a slowdown in new jobs created in the United States in August, primarily driven by lower recruitment in the leisure and hospitality sector
Published on September 5, 2021
By Debdutta Ghosh
Business & Finance
Hyundai Motor Reportedly Internally Developing A Chip To Use In An Upcoming Car
In the wake of the global shortage of semiconductor chips for the auto industry, South Korea’s Hyundai Motor Co now has plans for negating that impact โ albeit partially. The
Published on September 5, 2021
By Debdutta Ghosh
Economics
Australia, Singapore and South Africa to test cross border bank digital payments
A trial for the feasibility of the use of a cross border payments system using different central bank digital currencies (CBDC) will be conducted by central banks in Australia, Singapore,
Published on September 2, 2021
By Debdutta Ghosh
Economics
Growth Strategy Priorities Laid Out By Japanese Government
A set of initiatives and programs focused on promotion of green technology and digitalisation was announced recently by Japan. These measures are a part of the governmentโs efforts for giving
Published on September 2, 2021
By Debdutta Ghosh