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Debdutta Ghosh


Chinese Top Court Slams ‘996’ Excessive Work Culture

Those companies in China that overwork their employees are being pulled up by authorities. A lengthy condemnation of the working culture commonly known in China as “996,” a work culture
Published on August 31, 2021
By Debdutta Ghosh

Industry-Wide Model For Benefits For Gig Worker Proposed By Uber In Canada

The ride hailing company Uber proposed a flexible benefits fund for drivers and delivery people for its food delivery subsidiary in Canada was proposed by the firm on Monday according
Published on August 31, 2021
By Debdutta Ghosh

South Korean Debt To Reach 50% Of GDP With Proposed Aggressive Spending Plan For 2022

A proposal for an aggressing increase in government spending was unveiled by South Korea’s government on Tuesday for the last year of the presidency of Moon Jae-in’s five-year term. This
Published on August 31, 2021
By Debdutta Ghosh

New Chinese Gaming Rules Send Shares Of Gaming Companies Down, Young Gamers Fume On Social Media

New gaming rules imposed by China for online gamers below 18 years, putting a cap of a maximum of three hours that they can be allowed to play online video
Published on August 31, 2021
By Debdutta Ghosh

Chinese Factory Activity For August Expected To Continue To Register Growth Decline

Restrictions imposed because of a surge in Covid-19 cases and rising costs of raw materials continued to put pressure on manufacturers possibly caused a continued slowdown in growth in China’s
Published on August 30, 2021
By Debdutta Ghosh

New Laws For Regulating Digital Wallet Services Being Considered By Australia

A set of new laws is being prepared by the Australian government aimed at further tightening regulation of digital payment services offered by tech companies such as Apple and Alphabet’s
Published on August 30, 2021
By Debdutta Ghosh

Talks Between US And Chinese Military For The First Time In Bidenโ€™s Presidency: Reuters

For the first time since United States President Joe Biden took office in January, there was talks held between a senior Pentagon official and the Chinese military. The talks were
Published on August 29, 2021
By Debdutta Ghosh

Entrepreneurs In Cuba Get Ready For A More Open Economy

Following the landmark change in the rules to private owning and running of business that govern the Communist-run economy, understanding the opportunities and challenges of the change is being sought
Published on August 29, 2021
By Debdutta Ghosh

Canada Echoes Mexicoโ€™s Concerns And Asks For Consultation With US Over USMCA Content Rules

Canada has sought formal consultation with the United States, after Canada did so, for discussing the interpretation of content rules for automobiles as has been set out in the North
Published on August 28, 2021
By Debdutta Ghosh

83% Of Department Stores Lost In UK Since Collapse Of BHS

Over the last five years since the collapse of the BHS chain, about 83 per cent of the main department stores in e United Kingdom have been lost. The extent
Published on August 27, 2021
By Debdutta Ghosh

Return Of Summer Shoppers Prompts Gap To Raise Forecast

The easing of pandemic induced restrictions has allowed greater opportunities for socializing which is expected to increase demand for Old Navy and Athleta clothing brands of Gap Inc, prompting the
Published on August 27, 2021
By Debdutta Ghosh

$750m Payout Awarded To Apple Chief Executive Tim Cook

More than five million shares in the technology giant Apple have been granted to its chief executive Tim Cook as he marks ten years in the job. Cook sold most
Published on August 27, 2021
By Debdutta Ghosh

Salesforceโ€™s Earnings Forecast Driven By Hybrid Work Demand

The continued trend of a combination of work from home and office based work will hold up strong demand for its cloud-based software during the third quarter, said Salesforce.com Inc
Published on August 26, 2021
By Debdutta Ghosh

Silicon Valley Pitches Renting A Robot To Entice Smaller US Factories

A new pitch to small companies by Silicon Valley to use robots more is to rent out one. There has been a surge in sales of robots to big companies
Published on August 26, 2021
By Debdutta Ghosh

Licenses To Supply Auto Chips To Huawei Approved By The US: Reuters

License applications that have sought permission to buy chips for the growing auto component business of China’s blacklisted telecom company Huawei, worth hundreds of millions of dollars were approved by
Published on August 26, 2021
By Debdutta Ghosh

Following Chinese Ban On Core Subject Teaching, Chinese Tutoring Firms Focus On Hands-On Courses

Following a ban on Chinese online tutoring companies by authorities in the country on teaching core subjects and on making profits thereby, on teaching core subjects are being found out
Published on August 26, 2021
By Debdutta Ghosh

Future Of Mobility Is Convergence Of Auto And Tech Industries, Says Battery Pioneer Akira Yoshino

The credit for the dramatic changes that have been brought out in the automotive and technology industries because of lithium-ion batteries can be accorded to Akira Yoshino, a co-winner of
Published on August 24, 2021
By Debdutta Ghosh

Chinese Tech Companies Surge Ahead Despite Regulatory Crackdown

At the end of a Series B financing round, the market value of the artificial intelligence (AI) voice assistant Xiaodu Technology, owned by Chinese tech giant Baidu Inc, was fixed
Published on August 24, 2021
By Debdutta Ghosh

Study Predicts $1.4 Trillion In Dividend Payouts For 2021 Which Is Close To Pre-Pandemic Levels

There would likely be a stronger recovery of the global economy than expected as a new report from British asset manager Janus Henderson suggested that the total dividends that are
Published on August 23, 2021
By Debdutta Ghosh

UK Regulator Raises Anti-Competition Concerns Of Nvidia’s $40 Bln Acquisition Of ARM

The conclusion of a regulator of the United Kingdom that the proposed $40 billion acquisition of British chip designer ARM by Nvidia Corp that the deal could reduce competition and
Published on August 23, 2021
By Debdutta Ghosh

Israeli Study Concludes Third Vaccine Shot Lowers Infection Risk Significantly For 60-Plus

A study by the Health Ministry of Israel on a third shot of Cvoid-19 vaccine has shown that the additional shot Pfizer’s vaccine has helped to significantly improve protection from
Published on August 23, 2021
By Debdutta Ghosh

Covid-19 Antibody Testing To Be Offered By UK To General Public: Media Reports

According to media reports in Britain, Covid-19 antibody testing to the general public will be offered in the coming weeks by the United Kingdom for the first time since the
Published on August 22, 2021
By Debdutta Ghosh

Evidence To Support Covid-19 Booster Shots Questioned By Scientists

The decision of the United States to have mass booster doses of Covid-19 vaccines is based on scientific reports of waning efficacy of the shots to protect people against mild
Published on August 21, 2021
By Debdutta Ghosh

Global Carmakers Continue To Be Hit By Covid-19 Induced Chip Shortage

The fact that the global auto industry is still strongly facing the impact of the ongoing semiconductor chip shortage with no immediate signs of a resolution was reflected in the
Published on August 21, 2021
By Debdutta Ghosh

UK Court Approves More Than $14 Bln Class Action Against Mastercard

A class action against the global payments processor Mastercard was approved by a London court whose claim is more than 10 billion pounds ($14 billion-plus). 46 million British adults could
Published on August 19, 2021
By Debdutta Ghosh

Supply Chain Issues Force Cisco To Forecast Disappointing First Quarter Profit

The communication network equipment maker Cisco Systems Inc warned that the costs of its components will be continued to be driven up while there would also be delivery blockages for
Published on August 19, 2021
By Debdutta Ghosh

Citigroup Draws Another Senior Executive From Credit Suisse For Tech M&A Business

A veteran tech banker, Dhiren Shah, from the Credit Suisse Group AG has been poached by Citigroup as a part of the new strategy of the company to focus on
Published on August 18, 2021
By Debdutta Ghosh

July US Retail Sales Drop Due To Automobile Shortages And Shift In Spending To Services

Shortage of motor vehicles depressed sales in July in the United States, which along with the waning impact of a boost to consumers spending prompted by the reopening of the
Published on August 18, 2021
By Debdutta Ghosh

Better Than Expected Rebound In Q2 For Japan’s Economy But Pandemic Clouds Outlook

Following a slump in Japan’s economy in the first three months of this year, there was an uptick in the second quarter at more than expected levels which provided economists
Published on August 16, 2021
By Debdutta Ghosh

Chinaโ€™s July Factory Output, Retail Sales Growth Sees Sharp Slowdown

With new Covid-19 outbreaks and massive floods disrupting business operations, there was a sharp drop in factory output and retail sales growth in China for July โ€“ which also missed
Published on August 16, 2021
By Debdutta Ghosh

Cuban Economic Reform Will Allow Incorporation Of Small Businesses

Cubans will be allowed to incorporate small and medium-sized businesses in the country in their thousands in the coming months as the island’s Communist government undertook arguably its most popular
Published on August 14, 2021
By Debdutta Ghosh

Early August Consumer Sentiment In US Reaches Lowest In A Decade

With Americans providing a deflated outlook for everything from personal finances to inflation and employment in a recent survey โ€“ which led economists to conclude that the consumer confidence in
Published on August 14, 2021
By Debdutta Ghosh

Top Indian Court Rules Amazon And Rival Walmart’s Flipkart Must Face Antitrust Probe

Antitrust investigations ordered against Amazon.com Inc and Walmart’s Flipkart by Indian competition regulators must be faced by the two retailers, said the country’s Supreme Court in a ruling. This ruling
Published on August 11, 2021
By Debdutta Ghosh

Reliance, Bill Gates, Others Invest $144 Mln In US Energy Storage Firm

An investment of $144 million will be made in the United States based energy storage company Ambri Inc by Indian oil-to-telecoms conglomerate Reliance Industries Ltd, the Indian firm said on
Published on August 10, 2021
By Debdutta Ghosh

Companies Canโ€™t Depend On Governments And Need To Act Themselves On Climate Change: StanChart CEO

Companies should take action themselves to address climate change issues and should not depend on wide ranging agreements being reached between various governments when they get together at a global
Published on August 10, 2021
By Debdutta Ghosh

Despite Crackdown On Domestic Tech Firms, Chinaโ€™s ByteDance Plans Hong Kong IPO: FT

Despite a string crackdown of Chinese regulators on domestic home grown technology companies, Chinese tech firm and owner of the popular short-video app TikTok – ByteDance, has revived its plans
Published on August 9, 2021
By Debdutta Ghosh

Strong Job Gains In US In July As Unemployment Hit 16-Month Low

According to many analysts, the second half of the current year would get a powerful boost as indicated by a record hiring in the United States in nearly a year
Published on August 9, 2021
By Debdutta Ghosh

Indian PM Narendra Modi Urged By Global Investors And Indian Startups To Allow Overseas Listings

A call on India’s Prime Minister Narendra Modi to change regulations to allow Indian companies to list overseas for better access to capital was given by a group of leading
Published on August 9, 2021
By Debdutta Ghosh

Signals Of More Issues Ahead For Chinese Economy Seen From Its Export Slowdown In July

A slowdown was suggested in the industrial sector in China for the in the second half with an unexpected decline in export growth of the country for the month of
Published on August 9, 2021
By Debdutta Ghosh

Chinese Clampdown Forces ByteDance To Close Some Tutoring Operations โ€“ Reports

Following the imposition of strict and sweeping regulations on the online education sector by Chinese regulators, TikTok owner ByteDance is planning to cut down some jobs and close down some
Published on August 5, 2021
By Debdutta Ghosh

New CDC Report Shows 74% Infected In Covid-19 Outbreak In Massachusetts Were Fully Vaccinated

New data released Friday by the Centers for Disease Control and Prevention of the United States showed that about bout three-fourths of people infected in a Coviud-19 outbreak in Massachusetts,
Published on July 31, 2021
By Debdutta Ghosh

US Second Quarter Economic Growth Reaches Surpasses Pre-Pandemic Levels

The gross domestic product of the United States economy cross its pre-pandemic peak as the countryโ€™s economy staged a solid growth in the second quarter with consumers spending more on
Published on July 30, 2021
By Debdutta Ghosh

STMicro CEO Predicts Global Chip Shortage To Continue Till H1 Of 2023

According to the predictions of the chief executive of STMicroelectronics, the current global shortage of semiconductor chips that has affected the production of companies in a range of industries โ€“
Published on July 30, 2021
By Debdutta Ghosh

Social Commerce To Generate Sales Growth, Say Social Media Companies

Large investments are being made in shopping features by social media platforms, led by Facebook, along with Alphabet’s YouTube, Snap Inc and Twitter, among others. The social media companies hope
Published on July 30, 2021
By Debdutta Ghosh

Unusual Cold Wave In Brazil Threatens Coffee, Cane And Orange Crops

Coffee, sugarcane and orange crops in Brazil were threatened with frost as temperatures in the country dropped on Thursday โ€“ even with a rare snowfall overnight in some places, as
Published on July 30, 2021
By Debdutta Ghosh

Tesla-Rival Volkswagen Boosts Outlook For Margin Again Following Record Profits

Reporting record earnings in the first half of 2021 that surpassed even pre-pandemic levels, German auto major and Europe’s largest carmaker Volkswagen increased its profit margin target for the second
Published on July 29, 2021
By Debdutta Ghosh

Global Markets Regulators Are Keeping Close Watch On SPACs

Special purpose acquisition companies, or SPACs, are being monitored by global securities markets regulators because of possible concerns over regulatory issues, according to securities markets regulators. SPACs are shell companies
Published on July 27, 2021
By Debdutta Ghosh

Private Equity Backed Investors Scrambling To Exit Chinese Education Market

A number of ventures and private equity investors in China are trying to find an exit from the market after they had made investments worth billions of dollars into the
Published on July 27, 2021
By Debdutta Ghosh

Euro Zone July Businesses Activity Grows At Record Pace

The pace of business activity expansion in July in the euro zone was the fastest in more than two decades as governments relaxed more of Covid-19 restrictions resulting in a
Published on July 26, 2021
By Debdutta Ghosh

Covid-19 Resurgence And Disasters Hit Global Supply Chains

A combination of events in recent months has upended the global supply chains towards breaking point which include a fresh surge of Covid-19 throughout the world, heavy rains leading to
Published on July 26, 2021
By Debdutta Ghosh
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