Economy

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 ...

Read More...
Evergrande executives face “severe punishment” securing early redemptions

Evergrande executives face “severe punishment” securing early redemptions

Highlights Six senior executives of a Chinese property group – Evergrande Real Estate Limited face severe punishment for securing early redemptions. The company owes an estimated US$300 billion to the other suppliers and creditors. Everg...

Read More...
China’s Evergrande debt bomb: Here’re key developments

China’s Evergrande debt bomb: Here’re key developments

Highlights Chinese real estate giant Evergrande Group has a debt of US$300 billion. It is under a severe cash crunch and signaled it out this week, worrying investors. Evergrande’s rating has been downgraded by Fitch, Moody last week, an...

Read More...
How Covid rent debt crisis will get worse with Universal Credit cut

How Covid rent debt crisis will get worse with Universal Credit cut

Highlights StepChange debt charity has warned that Universal Credit cut will worsen the £360m Covid rent debt crisis. The research suggested one in every ten renters anticipated eviction from their homes due to their debts within the next...

Read More...
US retail sales rise in August, lifted by back-to-school shopping rush

US retail sales rise in August, lifted by back-to-school shopping rush

US retail sales unexpectedly rose in August amid lingering Delta virus concerns, buoyed by back-to-school shopping splurge and government payments to millions of households with children. Retail purchases climbed 0.7% to US$618.7 billion last mont...

Read More...
How do consumers make purchasing decisions?

How do consumers make purchasing decisions?

Highlights  The modern consumer is well-informed and well-equipped with technological tools that help form decisions. As online consumer activity has picked up the pace, individuals have left behind a large trail of data for marketing firm...

Read More...
Why people want an overhaul of childcare costs in UK

Why people want an overhaul of childcare costs in UK

Highlights The UK has the highest childcare costs across the globe after Slovakia and Switzerland. UK Parents are finding the costs unaffordable and are demanding for an overhaul of childcare costs. According to latest OECD data, the UK ha...

Read More...
Facing home loan hurdles? Here’s how to get the best deal

Facing home loan hurdles? Here’s how to get the best deal

Highlights Six types of home loans are available in the US - three government-backed and three private schemes. The states run the Home Buying Assistance program to guide first-time home buyers. A good credit score, stable income, and employme...

Read More...
US airlines stare at a 24-28% revenue drop as Delta variant rages

US airlines stare at a 24-28% revenue drop as Delta variant rages

Highlights Many leading American airlines expect a slowdown in bookings due to rising threats from the Delta variant. Airlines expect a 24-28 percent revenue decline in the third quarter of 2021 compared to the same period in 2019. However, ai...

Read More...
APAC markets see a muted week; China emerges as outperformer

APAC markets see a muted week; China emerges as outperformer

Highlights  China, Japan markets have outperformed other markets. COVID-19 continues to weigh heavy on Aussie equities. The KOSPI has been the worst performer in the region. In a muted week for the Asia Pacific equities, Chinese shar...

Read More...
Automattic buys Social Image Generator plugin; what it means for WordPress users

Automattic buys Social Image Generator plugin; what it means for WordPress users

  • September 09, 2021 07:07 PM PDT
  • Ashish

Highlights WordPress parent Automattic has acquired Social Image Generator plugin. Social Image Generator creates social share images for WordPress content from a range of fully customisable templates for customers' social media Earlier i...

Read More...