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Debdutta Ghosh


Control Of China Unit Sold By WeWork, Units Claims To Have Obtained $200 Million In Funding

As a part of its broader strategy to pull back from markets that are highly competitive, the United States based office sharing startup WeWork will be selling the control of
Published on September 24, 2020
By Debdutta Ghosh

Airlines Pin Hopes Of Revival On Preflight Rapid Antigen Tests For Covid-19

Pre flight tests for Covid-19 that can deliver results s fast as pregnancy tests is the new hope for European airlines for restoring confidence of passengers to take to the
Published on September 23, 2020
By Debdutta Ghosh

LG Chem To Spinoff Its Battery Business As Demand For Electric Vehicles Rise

With the rise in global demand for electric vehicles and a consequent rise in interest in the battery sector that powers electric vehicles, its battery business will be spinned off
Published on September 23, 2020
By Debdutta Ghosh

Chinaโ€™s Global Times Says Beijing Unlikely To Approve Oracle, Walmart’s TikTok Deal

The deal that the United States based companies Oracle Corp and Walmart Inc have claimed to have struck with the Chinese company ByteDance about the ownership of its Chinese short
Published on September 22, 2020
By Debdutta Ghosh

Covid-19 Vaccine Results Are The Latest Risk For Stock Markets

The resurgence in stocks in the United States this year has been driven by the optimism that vaccines against Covid-19 are on the way which will bring an end to
Published on September 22, 2020
By Debdutta Ghosh

TikTok Will Be Its Subsidiary In New Deal With US Firms, China’s ByteDance Says

Even though during the weekend, Oracle Corp and Walmart Inc said that they, along with the other United States based investors of ByteDance will own the majority of the short
Published on September 21, 2020
By Debdutta Ghosh

Illegal Money Scandal: 25 Year Low For HSBC Stocks In Hong Kong While StanChart Sags

After reports emerged about HSBC, Standard Chartered Hong Kong and some other banks were engaged in moving large sums of money that had allegedly been illegally amassed over a period
Published on September 21, 2020
By Debdutta Ghosh

Uptick In Bank Mergers In Europe Signaled By Caixabankโ€™s $5 Bln Deal For Bankia

Signals of an uptick in mergers among Europeโ€™s banks even as they struggle from the impact of the novel coronavirus pandemic re available with the agreement of Bankia being acquired
Published on September 18, 2020
By Debdutta Ghosh

Downloading Of TikTok And WeChat To Be Banned In US Starting Sunday

Starting this Sunday, Americans will no longer be able to down load the Chinese short video sharing app TikTok and the Chinese messaging app WeChat. According to an order issued
Published on September 18, 2020
By Debdutta Ghosh

Chinese Firm Snooping On Million Around The World, Harnessed Personal Details From Dark Web

Chinese authorities and agencies have been found to be snooping on millions of people all around the world as it harnessed personal data from the dark web. The Chinese company
Published on September 16, 2020
By Debdutta Ghosh

OECD Says Pandemic Induced Global Recession Not To Be As Severe As Expected

The efforts of various countries to counter the economic impact of the novel coronavirus pandemic will potentially result in the global recession that the global economy is currently undergoing will
Published on September 16, 2020
By Debdutta Ghosh

Cancer Drugmaker Immunomedics To Bee Acquired By Gilead For $21 Billion

The portfolio of the drugs and treatments for cancer of Gilead Sciences Inc will be boosted by the decision of the company to acquire biopharmaceutical firm Immunomedics Inc in a
Published on September 15, 2020
By Debdutta Ghosh

Criticism In Chip Industry Against Armโ€™s Acquisition By Nvidia

There is likely to be strong opposition from the rivals of Nvidia in the chip industry to the $40 billion acquisition of Arm Ltd from SoftBank Group Corp by Nvidia
Published on September 15, 2020
By Debdutta Ghosh

China Prefers Closure Of TikTok In US Rather Than A Forced Sale: Reuters

Chinese authorities and politicians are willing to see the short video sharing app TikTok to shut down in the United States rather than se the appโ€™s US operations being sold
Published on September 13, 2020
By Debdutta Ghosh

Bahrain Becomes The Fourth Middle East Country To Normalizes Ties With Israel

Following close on the heels of the United Arab Emirates, another Middle East country Bahrain has decided to normalize ties with Israel. The to countries made this surprise announcement and
Published on September 13, 2020
By Debdutta Ghosh

โ€˜Historicโ€™ Trade Deal Struck Between UK And Japan

A free trade agreement with Japan was struck by the United Kingdom on Friday in what is the first big post-Brexit trade deal for Britain. Both the countries hailed the
Published on September 11, 2020
By Debdutta Ghosh

Moon Resources Mined By Private Companies Will Now Be Bought By NASA

The United States space agency NASA will now buy rocks, dirt and other lunar materials from companies as it launched steps to pay such companies that can mine resources on
Published on September 11, 2020
By Debdutta Ghosh

EU Urges Facebook, Google, Twitter And Others To Do More To Combat Fake News

The European Commission has said that there is need for Facebook, Alphabet’s Google, Twitter and other tech companies with such platforms to be more proactive and try harder to to
Published on September 10, 2020
By Debdutta Ghosh

WTO Leadership Selection Is Critically Dependent On US President Elections

Ambassadors of 164 member countries with the World Trade Organization (WTO) met with senior officials for private โ€˜confessionalsโ€™ to convey who country supported as the head of the global trade
Published on September 10, 2020
By Debdutta Ghosh

UK Can Walk Away From Brexit Talks If No Deal By Oct 15, Says Boris Johnson

Britain could walk away from the Brexit talks within weeks, warned British Prime Minister Boris Johnson on Sunday and insisted that a no-deal Brexit would be a “good outcome for
Published on September 8, 2020
By Debdutta Ghosh

Skepticism In German Government Over Sanctions On Russia In Navalny Poisoning Case

Amid a debate over it the German government should suspend the Nord Stream 2 pipeline from Russia to Germany over the issue of the poisoning of a Kremlin critic, German
Published on September 8, 2020
By Debdutta Ghosh

Global Oil Market Caught In No Major Slowdown But Stalled Recovery Says IEA

There is likely not going to be any major slowdown in the global economy because of the novel coronavirus pandemic but the chance of oil marketโ€™s recovery is clouded by
Published on September 7, 2020
By Debdutta Ghosh

Samsung To Close Production At Its Only China TV Factory By November

In its latest plans of shifting out it production facilities from China โ€“ the second largest economy of the world, South Korean electronics giant Samsung has now decided to stop
Published on September 7, 2020
By Debdutta Ghosh

Japansโ€™ SoftBank To Jointly Operate Oyo Business In Latin America: Reuters

According to the head of Oyo Brazil, Japanโ€™s Softbank Group will get involved in a direct role in the management of its hospitality startup Oyoโ€™s operations in Latin America amid
Published on September 5, 2020
By Debdutta Ghosh

To Shift Supply China From China, ‘Like-Minded’ Democracies Sought By US And Taiwan

With the United States looking to reduce its economic reliance on China and to shift away global supply chains from China, the US along with Taiwan are looking out for
Published on September 5, 2020
By Debdutta Ghosh

Capgemini Forecasts Double-Digit 2020 Revenue Growth And A Recovery In Second Half

The diversification of its business has helped the French consulting and IT services provider Capgemini to tide over the economic impact of the novel coronavirus pandemic which helped the company
Published on September 3, 2020
By Debdutta Ghosh

India Takes Aim At China Tech, Bands 59 Chinese Apps Including Tencent’s PUBG

After an initial hot to Chinese technology companies in June by banning 59 Chinese apps and following that up with more bans on clones of those apps, the Indian government
Published on September 3, 2020
By Debdutta Ghosh

Wholesale e-Commerce Service Started In India By Walmart’s Flipkart

In a major push to get into the lanes and by-lanes of India, Walmart owned Indian e-retailer Flipkart launched its online wholesale service targeted for the small mom-and-pop stores and
Published on September 2, 2020
By Debdutta Ghosh

Surge In Sale For Lego As Housebound Families During Pandmeic Turn To Play

As the novel coronavirus pandemic forced families to stay indoors and spend more time playing together at home, there has been an increased demand for the games of Lego which
Published on September 2, 2020
By Debdutta Ghosh

Trumpโ€™s Executive Order On TikTok Backed By 40% Of Americans, Shows A Poll

A Reuters/Ipsos conducted national poll has revealed that at lets forty percent of Americans supported the ban on the Chinese owned short video sharing app TikTok by the United States
Published on August 31, 2020
By Debdutta Ghosh

Negative Aspects Of Cvoid-19 Vaccines From Russia And China Highlighted By Scientists

It is likely that the effectiveness of the Covid-19 vaccines developed by Russia and China could be limited because both of them are based on a common cold virus that
Published on August 31, 2020
By Debdutta Ghosh

Pandemic Effect: Chinese Banks To Report The First First-Half Profit Fall In Over A Decade

An increase in bad debt and higher loan-loss provisions because of the novel coronavirus pandemic will potentially result in some of Chinaโ€™s largest banks to post their first decline in
Published on August 30, 2020
By Debdutta Ghosh

China Could Have Control Over Sale Of TikTok Due To Its New Export Rules

The Chinese authorities could now have a say on whether to approve the forced sale of the Chinese owned video-sharing app TikTok’s US business because of a recent update to
Published on August 30, 2020
By Debdutta Ghosh

July Consumer Spending In US Notes Better Than Expected Rise But Future Outlook Uncertain

Expectations of a sharp revival of the economy were boosted in the United States with a more than expected consumer spending in the country in July. Analysts however say that
Published on August 29, 2020
By Debdutta Ghosh

A Successful TikTok Bid Could Quickly Push Up Walmartโ€™s Ad Revenue

If the attempt of the United States based global retailer Walmart Inc to acquire the Chinese owned popular short-form video app TikTok is successful, it could make the retailer into
Published on August 29, 2020
By Debdutta Ghosh

Taiwan’s MediaTek Seeks US Permission To Continue To Supply Huawei

With the new curbs on the Chinese telecom giant Huawei by the United States set to take effect from September amid rising tensions between the United States and China, Taiwanese
Published on August 28, 2020
By Debdutta Ghosh

Japanโ€™s PM Shinzo Abe Resigns Due To Health Reasons

The longest serving Prime Minster of Japan, Shinzo Abe, announced his resignation because of poor health ending a tenure in which Abe sought to revive a deflation stricken economy and
Published on August 28, 2020
By Debdutta Ghosh

Views On Exports Raised By Japan But Cautions Of Persisting Severe Economic Situation

With slow improvement of demand around the globe, the Japanese government upgraded its view on exports and output for the month of August which is a second straight month of
Published on August 27, 2020
By Debdutta Ghosh

Israeliโ€™s Tech Industry Can Now Be An Attractive Destination For UAE Investment

There is now increased expectation of an influx of funding in โ€˜Silicon Wadiโ€™, Israelโ€™s own Silicon Valley, following the establishment of formal diplomatic ties between Israel and the United Arab
Published on August 27, 2020
By Debdutta Ghosh

Former IMF China Head Says Economic Decoupling Of US And China โ€˜A Long Way Awayโ€™

According to Eswar Prasad, previously head of the International Monetary Fundโ€™s China division, while achieving an economic decoupling of the United States and China is โ€œa long way awayโ€, it
Published on August 26, 2020
By Debdutta Ghosh

Bigger-Than-Expected Loss Reported By Nordstrom Due To Pandemic Induced Store Closures

The forced closure of its stores because of the novel coronavirus pandemic for about half the period of the latest completed quarter resulted in the apparel company reporting a bigger-than-expected
Published on August 26, 2020
By Debdutta Ghosh

Global Markets Rise Over Joint Commitment By US And China To Stick To Partial Trade Deal

Global financial markets were boosted with good news emerging from a trade deal meeting between the United States and China as top officials of both the countries reaffirmed their commitment
Published on August 26, 2020
By Debdutta Ghosh

Highest Funds For August In A Decade Raised By Global Companies

The highest amount of funds in global equity and debt markets in the month of August in a decade was raised by companies as homebound bankers etched deals fueled by
Published on August 25, 2020
By Debdutta Ghosh

TikTok Files Legal Challenge In US Against Trumpsโ€™ Executive Order On Its Ban

The Chinese owned short-form video-sharing app TikTok filed a legal challenge in a court in the United States against an executive order issued by President Donald Trump that effectively prevented
Published on August 25, 2020
By Debdutta Ghosh

Buyers From Hong Kong Significantly Increase Purchase Of UK Properties After Security Law

A significant number of residents of Hong Kong are preparing to move to Britain. But many have been stalled their plans because of rising home prices there. According to latest
Published on August 24, 2020
By Debdutta Ghosh

US Investors Of ByteDance Plans To Use Their Stakes To Fund TikTok Bid: Reports

Negotiations are being held by investors of the Chinese technology firm ByteDance to use their stakes in the company for aiding in funding of their bid for acquisition of the
Published on August 24, 2020
By Debdutta Ghosh

United States And European Union Strike Mini Trade Deal

A so called mini trade deal worth a total of $200 million between the United States and the European Union was announced on Friday. According to the deal, there will
Published on August 22, 2020
By Debdutta Ghosh

Temporary UK Economy Rebound Amid Record Govt. Debt

According to data published on Friday, the recovery of the economy of the United Kingdom, battered by the novel coronavirus pandemic, is gathering pace even as borrowings by the government
Published on August 22, 2020
By Debdutta Ghosh

UKโ€™s Government Debt, At ยฃ2 Trillion, Is Higher Than Its GDP

Heavy speeding by the United Kingdom government to support the economy hit the by the novel coronavirus pandemic has resulted in its government debt to touch more than ยฃ2 trillion
Published on August 21, 2020
By Debdutta Ghosh

Taiwan Aims To Become Asian Financial Hub, To Liberalize It Economy Further

Taiwanese president Tsai Ing-wen said on Wednesday that the country aims to become an Asian financial and asset management hub and would thus be opening up its economy more and
Published on August 19, 2020
By Debdutta Ghosh
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