Economy

Can inflation woes spark a firestorm in global markets?

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days,...

After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?

Year 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exceptio...

How ESG and sustainable investments are changing investments, busine...

Summary In last one decade, the countries worldwide have been promoting ESG issues. Studies have proved that an efficient ESG strategy can see a g...

Majority of Businesses Will Not Require Vaccination Proof: BCC Surve...

Summary A survey by BCC finds only 5% of firms have so far implemented vaccination proof requirement. Nearly 69% said they have no plans to put in...

Post-Brexit Historic Shift: UK’s non-EU imports higher than EU impor...

Summary January-March 2021 became the first quarter in which UK’s non-EU imports were higher than imports from EU nations. Total imports wer...

UK Economy Recovered from Pandemic Lows in March, Claims New ONS Dat...

Summary The national economy grew by 2.1 per cent in March. The growth was driven by sectors, such as education, retail, health, manufacturing, an...

US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows

Summary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertain...

US Employment Numbers Fall Short of Expectations in April 2021

Against widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Departmen...

Net Zero Emissions: How UK Companies Are Trying to Achieve the SDGs

Summary Sustainable Development Goals have been gaining a lot of attention in the last couple of years Britain has retained its position as one of...

UK Construction PMI Expands in April, Highest in Over 6 Years

Summary The IHS Markit-CIPS construction PMI recorded a value of 61.6 in April. Firms recorded good growth particularly in the segments of housebu...

How UK Grasslands Can Help It Achieve Its Net Zero Carbon Goals

Summary Among the many sectors that contribute to emissions in the UK is agriculture Experts have said that the grasslands, and woodlands can stor...

UK Would Need 410,000 Jobs in Small Businesses to Aid Recovery

Summary A study found that the UK would need 410,000 jobs in small businesses in order to return to the pre-Covid growth path. In the UK, job loss...

Bank of England Sees UK’s Economic Growth At 7.25% In 2021

Summary BoE has kept the interest rate unchanged at the existing all-time low level of 0.1 per cent The BoE’s May Monetary Policy Report not...

UK services sector records highest reading since 2013

Continuing the growth trend in 2021, the UK services sector bounced back sharply in April, largely driven by a meaningful surge in the consumer, as we...

New Investment Deals with India To Boost the Economy and Employment

Summary The £1-billion UK-India trade deal announced to generate 6,500 UK jobs will mainly focus on the healthcare and technology sectors. T...

£5-bn Project Gigabit to Ensure Connectivity for Hard-To-Reach Homes...

Summary The UK government has set out a multi-billion infrastructure project to bolster the connectivity in the hard-to-reach areas Following the...

DCMS Inducts New Cyber Security Laws to Safeguard Smart Devices

Summary  The Department of Digital, Culture, Media & Sports) has introduced new cybersecurity laws Nearly 49 per cent of UK residents hav...

Indian, Thai and HK stocks lead the APAC rally

Summary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has...

UK retail sales climb 5.4% in March even as online component falls

Summary The UK retail sales grew by 5.4 per cent in March, up from 2.2 per cent in February. Partial easements significantly helped in boosting th...

Reopening Impact: Consumer Confidence Post Sharp Rise in April

Summary In the month of April, GfK Consumer Confidence Index increased a notch to -15 from -16 in March. Expectations for the general economic sit...