Economy

How is the red-hot inflation hurting the common man?

 How is the red-hot inflation hurting the common man?

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

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Five key US economic sectors to keep an eye on in 2022

Five key US economic sectors to keep an eye on in 2022

The US GDP growth fell to around 2% in the third quarter from a year earlier. However, the full-year growth is expected to be 5.2% and expand by 3.5% in 2022. Likewise, the Consumer Price Index (CPI) YoY change is expected to be 6% in December 202...

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Omicron’s spread: How severely can it impact global recovery?

Omicron’s spread: How severely can it impact global recovery?

Highlights  The new variant of coronavirus, Omicron, has caused a lot of fear and concern amongst investors worldwide. Many countries have started to put a travel ban on flights originating from African countries to curb the spread of ...

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Do you want to give crypto a shot? Here are few tips

Do you want to give crypto a shot? Here are few tips

The crypto space is becoming too large to ignore, and it's only getting bigger. From teenagers to millionaires, the crypto craze has gripped the world. To increase their fortune, many are getting addicted to crypto investments. Because of the ...

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US jobless claims fall to 52-year low; unemployment rate drops to 4.6%

US jobless claims fall to 52-year low; unemployment rate drops to 4.6%

US weekly jobless claims fell to a 52-year low as the economy rebounds from the covid effects. On Wednesday, the Labor Department said the jobless benefits claims declined by 71,000 to 199,000 last week, the lowest level since November 1969. The ...

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How do Britons pay their taxes?

How do Britons pay their taxes?

Highlights  Only 48% of Britons said they have total knowledge about how much tax they pay. Rest are still clueless about basic tax breakup. The Basic tax includes Income Tax, Inheritance tax, Capital Gains Tax, Corporate tax, Value added ...

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How supply chain meltdown can affect your Christmas feast

How supply chain meltdown can affect your Christmas feast

Highlights  The UK’s supply chain crisis is causing shortage of products in supermarkets and rising inflation with warnings of shortages of everything for the Yuletide toast. Britons have started shopping and preparations for Christm...

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Japan mulls US request to use gas stockpiles, rations in BC after flood

Japan mulls US request to use gas stockpiles, rations in BC after flood

Highlights  Japan is considering tapping into its gas stockpiles after US’ request to India, Japan and China Under Japan’s law, it’s illegal to use reserves to lower prices British Columbia hit with gas rations after flo...

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Will Biden’s US$1 tr new infra law impact crypto market?

Will Biden’s US$1 tr new infra law impact crypto market?

President Joe Biden signed a US$1.2 trillion bipartisan infrastructure bill into law on Monday after more than a year of discussions with lawmakers. Besides improving the infrastructure, it is expected to spur economic growth and create jobs. Of ...

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Glasgow summit: COP26 climate pact in a nutshell

Glasgow summit: COP26 climate pact in a nutshell

After being overrun by a day, Saturday bought an end to the COP 26 UN Climate Change Conference hosted by the UK in Glasgow. Government representatives, negotiators, businesses, and citizens from all over the world came together at the summit ...

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Will 2022 be a normal year for world economy?

Will 2022 be a normal year for world economy?

The present world economy is looming as several market changes are taking place around the globe. Be it the energy crisis, or the fall of China’s property market or the high inflation in most economies; economists are in an acute situation to...

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