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Debdutta Ghosh


Despite Covid-19 Recession, House Prices Surge In New Zealand, Deepening Affordability Crisis

Despite the global recession inflicted by the Cvoid-19 pandemic, house prices in New Zealand have increased to touch record levels. This development has prompted economists and experts to warn that
Published on October 30, 2020
By Debdutta Ghosh

US Attempt To Block Appointment Of Nigerian Woman To Head The WTO

The United States has opposed the move to make Nigeria’s ex-finance minister as the head of the World Trade Organization (WTO) and therefore her appointment now has been thrown into
Published on October 30, 2020
By Debdutta Ghosh

Mixed Bag Of Q3 Results Form Top Tech Firms With Mixed Impact On Stocks Results

A mixed bag of quarterly reports from top-tier technology companies resulted in stocks of Alphabet rallying while those of Apple and Twitter tumbled on Thursday. These are the stocks that
Published on October 30, 2020
By Debdutta Ghosh

Record Growth US Economy In Third Quarter

With consumer spending being fuelled by the more than $3 trillion in federal pandemic relief spending, the United States economy saw a record growth in the third quarter. However experts
Published on October 29, 2020
By Debdutta Ghosh

Robots And Process Automation Deployed By Banks Amid Pandemic To Handle Workload

Robots that were built hastily helped several lenders cope with the deluge at banks that were overwhelmed with loan requests from businesses struggling with the impact of the coronavirus pandemic.
Published on October 29, 2020
By Debdutta Ghosh

Coronavirus Crisis Expected To Squeeze Global Wine Output This Year

Low volumes of wine production in South America and low output in the European Union after the coronavirus crisis sent sales sliding, have resulted in an international industry body making
Published on October 28, 2020
By Debdutta Ghosh

GM’s Super Cruise Fared Better Than Teslaโ€™s Autopilot In Tests By Consumer Reports

An evaluation conducted by Consumer Reports, the testing organization of 17 vehicles equipped with active driving assistance systems (ADAS) from General Motors and Tesla found the GMโ€™s Super Cruise to
Published on October 28, 2020
By Debdutta Ghosh

Consumer Confidence Drops In There Crucial US Swing States Prior To Presidential Election

With mounting concerns and fears about the American economy because of the pandemic, a recent survey showed that three states in the United States, which are believed to be crucial
Published on October 28, 2020
By Debdutta Ghosh

A Big Stake In Aston Martin Is To B Taken Up By Mercedes-Benz

The struggling British carmaker Aston Martin is set to get a big investment from German luxury car maker Mercedes-Benz against a large stake. This was confirmed in a statement by
Published on October 28, 2020
By Debdutta Ghosh

Study Finds Covid-19 Antibodies Fall Rapidly After Recovery, Dashing Hopes Of Herd Immunity

A new research on Covid-19 that shows that antibodies within a human fall rapidly after recovering from the disease has dampened hopes that entire populations can become immune to the
Published on October 27, 2020
By Debdutta Ghosh

HSBC Announces Acceleration Of Restructuring Plan And Cost Cutting

The London based lender HSBC, the largest European bank in terms of assets, has said that it will further bring down costs of operations compared to what it had suggested
Published on October 27, 2020
By Debdutta Ghosh

US Closes Lillyโ€™s Antibody Drug Study Against Covid-19

A study being conducted by the pharma giant Eli Lilly related to an antibody drug for people hospitalised with Covid-19 is being brought to a premature closure by government officials
Published on October 27, 2020
By Debdutta Ghosh

AIG Board Approves Plan Of Spinoff Of Life And Retirement Business

The life and retirement business of the insurer American International Group Inc (AIG) will be separated from the rest of the company, the board of the company decided on Monday
Published on October 27, 2020
By Debdutta Ghosh

EU Set To Approve Fiat-PSA Merger Worth $38 Billion: Reports

The antitrust regulators of the European Union are set to grant approval of the merger of car makers Fiat Chrysler and PSA in a deal worth $38 billion which will
Published on October 26, 2020
By Debdutta Ghosh

$6.6 Bln Buyout Offer For Australia Bottler Made By Coca-Cola’s European Partner

An approach to purchase Australian peer Coca-Cola Amatil Ltd has been made by the Coca-Cola Coโ€™s European bottler in a proposed deal worth A$9.28 billion ($6.6 billion). This cut-price buyout
Published on October 26, 2020
By Debdutta Ghosh

Daimler Upgrades Its Profit Forecast With Growth In Luxury Car Sale In China

An upbeat German auto major Daimler raised its forecast for profits for 2020 after the company reported a 24 per cent spike in demand and sale for its Mercedes-Benz cars
Published on October 24, 2020
By Debdutta Ghosh

Amazon Skips Appearing Before Indian Parliamentary Panel On Data Privacy

A summon by a parliamentary panel in Indi that is currently reviewing privacy bill of the country was turned down by representatives of Amazon.com Inc in India. This was said
Published on October 24, 2020
By Debdutta Ghosh

More Demand For Cheaper Chips Causes Plummeting Of Intel’s Profit

With consumers choosing to purchase cheaper laptops while spending on data center usage was cut down upon by pandemic hit businesses and governments, United States based chip maker Intel reported
Published on October 23, 2020
By Debdutta Ghosh

Shrinking Of Business Activity In Euro In October As Surge In Second Covid-19 Wave

With restrictions induced by the novel coronavirus pandemic returning back into the region, there was a slowing down of economic activity in the euro zone in October, according to reported
Published on October 23, 2020
By Debdutta Ghosh

Amazing Rising Trade Tensions, Growth In China Eyed By Daimler Chief

The German auto maker Daimler has identified China as the biggest growth market in the next decade for Mercedes-Benz, said the companyโ€™s Chief Executive, Ola Kaellenius. But with continued rise
Published on October 21, 2020
By Debdutta Ghosh

Chinese Firms Huawei And ZTE Banned From Upcoming 5G Networks By Sweden

The use of telecom equipment from China’s Huawei and ZTE for development of the 5G network was banned by Sweden on Tuesday on security grounds. The country is slated to
Published on October 21, 2020
By Debdutta Ghosh

Philips Beats Estimates For Q3 On Strong Covid-19 Medical Equipment Demand

The novel coronavirus pandemic drove global demand for hospital equipment needed to help patients battling the disease which helped the health technology company Philips to report much better than expected
Published on October 19, 2020
By Debdutta Ghosh

Japan To Work Closely With US And Europe To Regulate Big Tech: Antitrust Body Chief

Japan will work closely with the United States and Europe to address any issues of market abusing by the four Big Tech companies of the world, said the new chief
Published on October 19, 2020
By Debdutta Ghosh

Global GDP Can Be Boosted $9 Trillion By 2025 By Vaccine Cooperation, Says IMF Chief

The economic recovery of the world from the impact of the novel coronavirus pandemic could be sped up by implementing strong international cooperation of the vaccines against the disease. International
Published on October 16, 2020
By Debdutta Ghosh

Nestle Set To Sell Off Most Of Its Water Brands For An Estimated $5 Billion: Reports

In continuation of its strategy of exiting the slow-growth businesses, the largest food group of the world Nestle is all set to start off the process for selling off of
Published on October 16, 2020
By Debdutta Ghosh

G20 Will Do ‘Whatever It Takes’ To Prop Up World Economy

The urgent need for countries around the world to bring the spread of the coronavirus pandemic under control was stressed by financial leaders from the Group of 20 major economies
Published on October 16, 2020
By Debdutta Ghosh

Boom In Second Hand Luxury Goods Market In China

The once shunned second-hand goods sector is booming with interest from Chinese millennials as Chinese consumers once again show their love for luxury products. In fact, reports suggest that millennials
Published on October 16, 2020
By Debdutta Ghosh

Unexplained Illness In Participant Forces J&J To Pause Its Last Phase Trials Of Its Covid-19 Vaccine

Clinical trials for its Covid-19 vaccine candidate had been temporarily stopped after one of the volunteers participating in the trial complained of unexplained illness, Johnson & Johnson said on Monday.
Published on October 13, 2020
By Debdutta Ghosh

Central Banks Agree To Create Rules For Regulating Stablecoins Like Facebook’s Libra

Central banks of the world have agreed to set out rules and regulations for monitoring and regulating cross-border stablecoins such as the one planned by the social media company Facebook
Published on October 13, 2020
By Debdutta Ghosh

Central Banks Plan Digital Cash To Ward Of Threat Of Private Crypto Currencies

The prospect of issuing digital currencies of their own is being considered for some time now by some of the largest central banks of the world โ€“ as well as
Published on October 9, 2020
By Debdutta Ghosh

Less Than Expected Growth In UK In August Amid Slowing Down Of Pandemic

The economy of the United Kingdom continued to recover from the novel coronavirus pandemic crisis, albeit at a slightly slower pace with the economy growing at 2.1% in August on
Published on October 9, 2020
By Debdutta Ghosh

109-Year Old IBM Finally Decides To Split To Focus On Cloud Business

After functioning for 109 years, International Business Machines Corp โ€“ better known as IBM across the world, has decided to split up into two separate companies. Analysts say that this
Published on October 8, 2020
By Debdutta Ghosh

Morgan Stanley To Acquire Asset Manager Eaton Vance For $7 Billion

The United States based lender Morgan Stanley has agreed to acquire Eaton Vance, a US based asset management company, for a value of $7 billion, the bank said on Thursday.
Published on October 8, 2020
By Debdutta Ghosh

Retail Footprint To Be Expanded By Levi Strauss, Reports Estimate Beating Revenues

While announcing its plans for expansion of its retail footprint, Levi Strauss & Co also forecast a lower than expected drop in revenues in the current quarter after it saw
Published on October 7, 2020
By Debdutta Ghosh

US Congressional Report On How The Largest Tech Firms Dominate Markets

A report that details strategies and tactics that the four largest United States based tech giants use for gaining a dominant market position in areas of online search, advertising, social
Published on October 7, 2020
By Debdutta Ghosh

World’s Governments Urged By IMF To Boost Infra Investment For Fast Post-Pandemic Recovery

Governments of member states of the International Monetary Fund (IMF) should note the low interest rate and take advantage of it to invest in infrastructure which will help in staging
Published on October 6, 2020
By Debdutta Ghosh

Covid-19 Has Largely Not Affected Business Jet Purchase Plans, Finds Honeywell Survey

The novel coronavirus pandemic which has battered the global economy has largely not been able to affect the plans of new aircraft purchases by business jet operators even though the
Published on October 6, 2020
By Debdutta Ghosh

Ban On TikTok And WeChat By US Violate WTO Rules, Says China

The ban that has been imposed on Chinese mobile applications TikTok and WeChat by the United States have violated the rules and regulations of the World Trade Organization (WTO), alleged
Published on October 5, 2020
By Debdutta Ghosh

After Bid To Purchase Britainโ€™s ARM, Nvidia Promises To Build Largest Supercomputer Of UK

After announcing its intention to acquire the British rival Arm for $40 billion a few weeks ago, United States based chipmaker Nvidia has now pledged to build a supercomputer in
Published on October 5, 2020
By Debdutta Ghosh

Antitrust Investigation Against Google Being Prepared In China: Reuters

Preparations for an antitrust investigation into the business practices Alphabet Inc’s Google is to be launched in China over the companyโ€™s alleged business strategy of leveraging the dominance of its
Published on September 30, 2020
By Debdutta Ghosh

Record M&A Deals In The Third Quarter As Pandemic Restrictions Ease

Those deals that were put on hold at the height of the novel coronavirus pandemic were revisited by companies and with boardroom regained confidence after a roller-coaster year, the third
Published on September 30, 2020
By Debdutta Ghosh

Curbs On Data Sharing & Digital Marketplaces To Be Imposed On US Tech Giants In Europe

A new set of draft rules by the European Union aimed at reining in the power of United States based tech giants could essentially bans companies like Alphabet unit Google,
Published on September 30, 2020
By Debdutta Ghosh

Instagram Users Will Now Be Able To Chat With Messenger Users In Facebookโ€™s Vision Of Cross-App Chats

The direct messaging service within Instagram will be replaced by a version of its Messenger app, Facebook Inc said on Wednesday. This is the first step by the largest social
Published on September 30, 2020
By Debdutta Ghosh

World Bank Seeks Approval For $12 Billion For Covi-19 Vaccine For Poor Countries

The World Bank is seeking a fund of $12 billion to enable it to provide aid to the poorer countries to purchase and distribute vaccines for the novel coronavirus once
Published on September 30, 2020
By Debdutta Ghosh

29 Arrested In France As Police Bust A Cryptocurrency Scheme To Finance Jihadis

A complex scheme for financing Islamist extremists in Syria through the use of cryptocurrencies was broken recently by the French police who arrested 29 people from various places all around
Published on September 30, 2020
By Debdutta Ghosh

EU Likely To Allow Googleโ€™s Acquisition Of Fitbit With New Concessions: Reuters

A report from the news agency Reuters has claimed that the antirust body of the European Union is set to give the green signal to Alphabetโ€™s Googleโ€™s acquisition of fitness
Published on September 29, 2020
By Debdutta Ghosh

Ghosn Launches New Business Program In Lebanon In His First Public Appearance In Months

A business program at a Lebanese university USEK was launched on Tuesday by the now fugitive auto tycoon Carlos Ghosn in what was his first public appearance in months. The
Published on September 29, 2020
By Debdutta Ghosh

US Judge Halts TikTok Ban For Now, Users Can Continue To Download App

The order of the United States president Donald Trumpโ€™s administration to impose a ban on the Chinese owned short video sharing app TikTok in the US has been temporarily blocked
Published on September 29, 2020
By Debdutta Ghosh

Not A Good Start For Siemens’ Record 16 Billion Euro Spin-Off T Frankfurt

The first day of trading of the largest spin off ever in Germany, which created the company called Siemens Energy, as not good as the shares of the new company
Published on September 29, 2020
By Debdutta Ghosh

Suit Against US Govt. Over Tariffs On Car Parts Filed By Tesla, Volvo, Ford And Mercedes

A number of major car manufacturers – Tesla, Volvo, Ford and Mercedes-Benz, filed court cases against the United States President Donald Trumpโ€™s administration against the tariffs. Tesla CEO Elon Musk
Published on September 24, 2020
By Debdutta Ghosh
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