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...

Read More...
Here’s NSW’s A$66M package to lift outdoor activities post lockdown!

Here’s NSW’s A$66M package to lift outdoor activities post lockdown!

Highlights  On Thursday, the NSW Government announced Alfresco Restart package worth AU$66 million to boost outdoor dining and hospitality business in Australia post lockdown. The decision was taken in view of the decline in COVID-19 cases...

Read More...
US stocks close higher on strong earnings reports

US stocks close higher on strong earnings reports

Benchmark US indices closed higher on Thursday, October 14, boosted by strong quarterly results of major banks and upbeat economic data that helped alleviate investors’ concerns. The S&P 500 was up 1.71% to 4438.26. The Dow Jones rose 1.56...

Read More...
Is China’s loss in crypto mining space US’ gain?

Is China’s loss in crypto mining space US’ gain?

With the Chinese government declaring a blanket ban on all sorts of crypto activities in the country, its share of global Bitcoin mining has plummeted to almost zero. According to a research conducted by the Cambridge Bitcoin Electricity Consumpti...

Read More...
US stocks close flat after inflation data

US stocks close flat after inflation data

Benchmark US indices closed flat on Wednesday, October 13, after government data showed inflation rose in September, increasing the possibility of stimulus tapering sooner than expected. The S&P 500 was up 0.30% to 4,363.80. The Dow Jones stayed...

Read More...
US inflation exceeds forecast; food, rent, cars get more expensive

US inflation exceeds forecast; food, rent, cars get more expensive

US consumer prices jumped across the board in September from food, home rent, cars to electronics items, thanks to inflation which outpaced analysts’ expectations. The Labor Department’s latest Consumer Price Index (CPI) figures are li...

Read More...
What is proton (XPR)?

What is proton (XPR)?

With a massive rise in the popularity of Bitcoin, many tech-savvy investors are keen to invest in the crypto market. This has given a rise to the advent and creation of many new cryptos, equipped with the latest and unique features. One such new cr...

Read More...
India’s power grids are struggling to meet the resurgent energy demand

India’s power grids are struggling to meet the resurgent energy demand

India has faced a persistent shortage of electricity since the beginning of October as the country’s power plants were unable to fulfill the rising electricity demand as the economy rebounds after last year’s coronavirus recessions. Th...

Read More...
US stocks close in red amid inflation concerns

US stocks close in red amid inflation concerns

Benchmark US indices closed lower on Tuesday, October 12, dragged down by bluechip technology and healthcare stocks as investors trudged cautiously amid inflation concerns.  The S&P 500 fell 0.24% to 4,350.65. The Dow Jones fell 0.34% to 34...

Read More...
What is Sri Lanka doing to entice investments in blockchain?

What is Sri Lanka doing to entice investments in blockchain?

Highlights In order to create a crypto-friendly business environment, Sri Lanka announces setting up a committee to study the regulatory framework related to crypto mining and blockchain technology. The committee was proposed in order to attrac...

Read More...
Chevron pledges to achieve net operational neutrality by 2050

Chevron pledges to achieve net operational neutrality by 2050

The American multinational energy corporation, Chevron Corp on Monday decided to set targets for cutting and reducing operational emissions and become carbon neutral by 2050. This would be a significant step for the company to join the league for t...

Read More...