World News

Wealth of richest men doubled in pandemic, says Oxfam

Billionaires getting wealthier

Highlights The 2022 Oxfam report highlights that the collective wealth of the world’s top 10 richest men has doubled in the pandemic. About 99% of the world’s population is in a worse condition due to lockdowns, loss of business, em...

Read More...
Why is Singapore alerting people against crypto marketing services?

Why is Singapore alerting people against crypto marketing services?

Highlights Singapore’s Central Bank has issued guidelines to limit activities of crypto players for marketing or promoting their services to retail investors. To protect interests of the general public and shield them from extreme price f...

Read More...
Why does China want to strengthen economic ties with New Zealand?

Why does China want to strengthen economic ties with New Zealand?

  • January 17, 2022 01:48 AM PST
  • Manika

Highlights Even though diplomatic relations between China and NZ are a little strained, economic relations are stable. China and New Zealand are preferred trade partners. Balance of trade (exports and imports) is very favourable. Even tho...

Read More...
Credit Suisse chairman resigns over COVID-19 rules breach

Credit Suisse chairman resigns over COVID-19 rules breach

Global conglomerate’s chairman Antonio Horta-Osorio has quit Switzerland-based bank Credit Suisse, on an internal probe over COVID-19 rules breach. Why is the Credit Suisse top boss quitting? In not just one year after he took charge, Osori...

Read More...
What led to Cardano’s price rise during weekend?

What led to Cardano’s price rise during weekend?

Highlights Cardano, the fifth most popular crypto worldwide, is seeing the maximum rise in its prices over the past seven days as compared to its peers. It rose by more than 19% since the last week, owing to a boost in investors' confidence. I...

Read More...
US stocks end mixed after gloomy economic data

US stocks end mixed after gloomy economic data

Dow Jones retreated on Friday, January 14, dragged down by the decline in some heavyweight financial stocks after reporting their quarterly earnings results, while gains in the technology stocks fuelled gains in Nasdaq and S&P 500 index. Meanwhi...

Read More...
Has COVID-19 pandemic proven more hostile to developing economies?

Has COVID-19 pandemic proven more hostile to developing economies?

Highlights  Unlike advanced economies, developing countries would not be able to achieve pre-pandemic economic levels by 2023. As per the WHO, 85% of people in Africa have not received a single COVID-19 vaccine dose, while 36 countries hav...

Read More...
From Toyota to Audi: How leading carmakers are planning to go 100% electric

From Toyota to Audi: How leading carmakers are planning to go 100% electric

Highlights Of late, demand for electric vehicles (EV) have been rising with higher fossil fuel price being one of the prime reasons. Global EV sales were expected to cross 6.4 million in 2021, up 26% over 2020. Volkswagen in its bid to challen...

Read More...
US stocks retreated after jobless claims, PPI data 

US stocks retreated after jobless claims, PPI data 

Benchmark US indices fell on Thursday, January 13, over the increased jobless claims and inflation worries. The technology stocks plummeted while investors remained alert about any update on monetary policy tightening by Federal Reserve.   ...

Read More...
US stocks edge higher after inflation data

US stocks edge higher after inflation data

Benchmark US indices closed higher on Wednesday, January 12, despite the consumer prices data showing that inflation is at its highest level in nearly four decades. However, the gains in the technology stocks helped the market to maintain a steady mo...

Read More...
World Bank slashes China’s growth figures

World Bank slashes China’s growth figures

Coronavirus pandemic has played havoc on world economies. As the new year began, people globally were optimistic and had high hopes that their lives would be restored to normal, and their Country’s economy would come on track. However, it doe...

Read More...