World News

Here’s how the unemployment dynamics changed in the pandemic

unemployment, unemployment news, global unemployment

Highlights  The unemployment rate is a critical measure reflecting the utilization of human resources. Prolonged unemployment can raise the chances of an economic depression. Pandemic has shifted the global unemployment patterns and dynam...

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Wall Street closes higher as strong earnings lift risk appetite

Wall Street closes higher as strong earnings lift risk appetite

Benchmark US indices edged higher on Tuesday, October 19, as strong quarterly earnings of companies for the third consecutive session lifted investors’ risk appetite. The S&P 500 was up 0.74% to 4,519.63. The Dow Jones rose 0.56% to 35,457...

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S&P 500, Nasdaq rise on tech gains, Dow slips

S&P 500, Nasdaq rise on tech gains, Dow slips

The S&P 500 and tech-savvy Nasdaq closed higher on Monday, October 18, bolstered by gains in technology stocks and upbeat corporate earnings. The S&P 500 was up 0.34% to 4,486.46. The Dow Jones fell 0.10% to 35,258.61. The NASDAQ Composite r...

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Facebook (FB) stock shrugs off recent losses, jumps 3% on Europe job plan

Facebook (FB) stock shrugs off recent losses, jumps 3% on Europe job plan

The Facebook Inc (NASDAQ: FB) stock was up more than 3% in intraday trading, hours after it announced plans to hire up to 10,000 specialists in Europe to help develop a metaverse. The FB stock traded at US$334.935 at 1:32 pm ET on Monday. Faceboo...

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Former secretary of state Colin Powell dies aged 84

Former secretary of state Colin Powell dies aged 84

Former US Secretary of State Colin Powell died at the age of 84 on Monday, his family said. The retired four-star general and former national security adviser had been unwell for some time. Powell was undergoing cancer treatment at the Walter Reed ...

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Why “Squid Game” is so popular?

Why “Squid Game” is so popular?

  • October 18, 2021 01:24 AM PDT
  • Samta

Highlights  The most popular K-drama – Squid Game, has become Netflix’s biggest ever series. Squid Game has been watched by around 111 million users within first 28 days of its release. The nine-part series debuted in Septembe...

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Weakened momentum in global economic recovery

Weakened momentum in global economic recovery

Highlights Earlier this week, the International Monetary Fund (IMF) released its outlook for global economic recovery. The headline forecast for global growth, too, has been brought down by 0.1% to 5.9%. The 2022 projections were held the same...

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LinkedIn to shut down service in China, cites ‘challenging’ conditions

LinkedIn to shut down service in China, cites ‘challenging’ conditions

Highlights Microsoft-owned LinkedIn said that greater compliance requirements made it impossible to continue operations in China. LinkedIn will replace the site with a job portal, called InJobs, a stripped-down version, which will not have its...

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Wall Street ends higher as financials, consumer stocks lead gains

Wall Street ends higher as financials, consumer stocks lead gains

Benchmark US indices closed higher for the second consecutive day on Friday, October 15, buoyed by robust quarterly results of financial majors Goldman Sachs and Charles Schwab and others. The S&P 500 rose 0.75% to 4471.37. The Dow Jones rose 1....

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Digital gift card retailer Prezzee to be listed on ASX soon 

Digital gift card retailer Prezzee to be listed on ASX soon 

Highlights Prezzee Pty Limited is considering getting listed on the stock market soon.  Studies indicate that the gift-card market could expand from AU$838 billion in 2019 to AU$2.81 trillion by 2027.  Prezzee, which operat...

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North Australian Cattle Company now has a new owner

North Australian Cattle Company now has a new owner

Highlights  North Australian Cattle Company (NAAC) has come out of voluntary administration with new owner. The managing director of NAAC, Ashley James has taken over the NACC. The company went into administration due to disagreement amon...

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