Economy


 Do you want to give crypto a shot? Here are few tips

Do you want to give crypto a shot? Here are few tips

November 27, 2021 05:15 AM PST| By Aditi Saha

The crypto space is becoming too large to ignore, and it's only getting bigger. From teenagers to millionaires, the crypto craze has gripped the world. To increase their fortune, many are getting addicted to crypto investments. Because of the .....

 US jobless claims fall to 52-year low; unemployment rate drops to 4.6%

US jobless claims fall to 52-year low; unemployment rate drops to 4.6%

November 24, 2021 01:11 PM PST| By Sanjeeb Baruah

US weekly jobless claims fell to a 52-year low as the economy rebounds from the covid effects. On Wednesday, the Labor Department said the jobless benefits claims declined by 71,000 to 199,000 last week, the lowest level since November 1969. The .....

 How do Britons pay their taxes?

How do Britons pay their taxes?

November 24, 2021 04:43 AM PST| By Priya Bhandari

Highlights  Only 48% of Britons said they have total knowledge about how much tax they pay. Rest are still clueless about basic tax breakup. The Basic tax includes Income Tax, Inheritance tax, Capital Gains Tax, Corporate tax, Value added .....

 How supply chain meltdown can affect your Christmas feast

How supply chain meltdown can affect your Christmas feast

November 22, 2021 03:44 AM PST| By Priya Bhandari

Highlights  The UK’s supply chain crisis is causing shortage of products in supermarkets and rising inflation with warnings of shortages of everything for the Yuletide toast. Britons have started shopping and preparations for Christm.....

 Japan mulls US request to use gas stockpiles, rations in BC after flood

Japan mulls US request to use gas stockpiles, rations in BC after flood

November 20, 2021 10:09 PM PST| By Sundeep Radesh

Highlights  Japan is considering tapping into its gas stockpiles after US’ request to India, Japan and China Under Japan’s law, it’s illegal to use reserves to lower prices British Columbia hit with gas rations after flo.....

 Will Biden’s US$1 tr new infra law impact crypto market?

Will Biden’s US$1 tr new infra law impact crypto market?

November 16, 2021 12:46 PM PST| By Ipsita Sarkar

President Joe Biden signed a US$1.2 trillion bipartisan infrastructure bill into law on Monday after more than a year of discussions with lawmakers. Besides improving the infrastructure, it is expected to spur economic growth and create jobs. Of .....

 Glasgow summit: COP26 climate pact in a nutshell

Glasgow summit: COP26 climate pact in a nutshell

November 16, 2021 02:25 AM PST| By Rishika Raina

After being overrun by a day, Saturday bought an end to the COP 26 UN Climate Change Conference hosted by the UK in Glasgow. Government representatives, negotiators, businesses, and citizens from all over the world came together at the summit .....

 Will 2022 be a normal year for world economy?

Will 2022 be a normal year for world economy?

November 15, 2021 10:38 PM PST| By Toshiva Jain

The present world economy is looming as several market changes are taking place around the globe. Be it the energy crisis, or the fall of China’s property market or the high inflation in most economies; economists are in an acute situation to.....

 How banks can prepare for crypto transformation

How banks can prepare for crypto transformation

November 13, 2021 05:57 AM PST| By Versha Jain

Highlights Banks can’t stay away from cryptocurrencies any longer due to the growing customer demand. Financial organizations must update their systems for crypto transactions. Volatility in the cryptocurrency market will be a major cha.....

 US inflation hits 30-year high; CPI climbs 6.2%

US inflation hits 30-year high; CPI climbs 6.2%

November 10, 2021 03:41 PM PST| By Versha Jain

Highlights US inflation hit a 30-year high in October, the latest Labor Department data showed. The US Consumer Price Index (CPI) rose at an annualized rate of 6.2% YoY in October, the highest since 1990. The short-term US government bond yiel.....

 How global banks can help in controlling greenhouse gas emissions

How global banks can help in controlling greenhouse gas emissions

November 03, 2021 07:22 AM PDT| By Rishika Raina

Amid the ongoing COP26 UN Climate Change Conference being hosted by the UK , hundreds of the biggest banks and pension funds across the globe have come together to mitigate the greenhouse gas emissions with financial assets worth US .....

 95% mortgage: All you need to know

95% mortgage: All you need to know

November 03, 2021 05:09 AM PDT| By Priya Bhandari

Highlights  A 95% mortgage refers to Loan-to-value (LTV) of owning a house, 95% of the house price will be covered by a mortgage, while 5% of the mortgage to be stumped up as a deposit. The government’s Mortgage Guarantee Scheme help.....

 What does Australia's Retirement Income Covenant have in store for retirees

What does Australia's Retirement Income Covenant have in store for retirees

November 03, 2021 03:11 AM PDT| By Akanksha Vashisht

Big changes lie ahead for the Australian Superannuation fund holders as Australia’s Retirement Income Covenant is set to be effective from July 1st, 2022. Superannuation, or “Super”, as the Aussies call it, is one of the most impo.....

 Why COP26 Summit is so crucial now

Why COP26 Summit is so crucial now

November 01, 2021 05:42 AM PDT| By Priya Bhandari

The COP26 stands for “conference of the parties” under the United Nations Framework Convention on Climate Change, and the summit aims to reach a consensus to implement the 2015 Paris Agreement, where 200 countries around the world agree.....

 US consumer prices climb at fastest pace in 30 years

US consumer prices climb at fastest pace in 30 years

October 29, 2021 05:48 PM PDT| By Sanjeeb Baruah

Highlights But, despite rising costs and the expiration of unemployment benefits in September, consumer spending also increased in the month, the data revealed. The report pointed at strong demand and severe supply shortages for flaring up infl.....

 Can you give away stocks as donations?

Can you give away stocks as donations?

October 27, 2021 11:38 PM PDT| By Rishika Raina

Donating stocks instead of cash is always a better option considering the interest of both parties. A wide range of charities, schools, hospitals, and other non-profit organisations prefer receiving stocks as gift or donation as it provides them wi.....

 Autumn Budget: Top 10 expectations from Sunak

Autumn Budget: Top 10 expectations from Sunak

October 27, 2021 01:14 AM PDT| By Rishika Raina

Highlights  The Autumn Budget is due to be delivered by Chancellor Rishi Sunak at the parliament on Wednesday. The Budget is set to come ahead of a rough winter due to rising fears of inflation and soaring energy prices, which have negativ.....

 China plans new property tax; here’s how it may hit Australia

China plans new property tax; here’s how it may hit Australia

October 25, 2021 07:51 PM PDT| By Ashish

Highlights China has announced plans to roll out a pilot real estate tax amid the ongoing rise in real estate speculation across the country. The National People's Congress Standing Committee has provided the nod to the latest plan to promote ".....

 UK launches world’s first green savings bond: What the savers can get?

UK launches world’s first green savings bond: What the savers can get?

October 22, 2021 04:47 AM PDT| By Suhita Poddar

Highlights The UK launched the world’s first retail green savings bond, issued by the National Savings and Investments The move follows after the UK has raised a total of £16 billion in green sovereign bonds since the last month .....

 Why falling inflation is not good news

Why falling inflation is not good news

October 21, 2021 10:52 PM PDT| By Rishika Raina

Highlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of th.....

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