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Covid cases surge again: Will there be another lockdown?
October 19, 2021 04:30 AM PDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
Inside Apple Unleashed: Which new products were showcased?
October 18, 2021 06:11 PM PDT| By AshishAfter focusing on iPhones and Apple Watches a month ago, Apple has now unveiled a whole bunch of new devices, including iPhones, iPads, and the latest Apple Watch. On 18 October 2021, the Cupertino-based tech giant announced new products namely Mac.....
Top US retailers get ready to capitalize on holiday sales, boost stocks
October 18, 2021 09:29 AM PDT| By Ipsita SarkarHighlights Amazon.com, Inc. (NASDAQ: AMZN) had recently announced plans to hire 150,000 seasonal jobs across the US. Target Corporation (NYSE: TGT) has expanded its partnership with LEGO for a limited-edition collection under US$30.0, ahead.....
How US employee emergency savings accounts bolstering financial security
October 16, 2021 06:39 AM PDT| By Sanjeeb BaruahHighlights More US companies have launched employee emergency savings accounts to attract and retain staff members. Taking a cue from the covid crisis, the initiative is expected to provide Americans with an extra layer of financial security i.....
Why UK job vacancies reached record highs despite cooling unemployment?
October 13, 2021 11:46 PM PDT| By Suhita PoddarThe Office for the National Statistics (ONS) reported UK job vacancies touched a record high of nearly 1.2 million in September. The rise came as several sectors are facing staff shortages and are searching for workers to meet the shortfall. The s.....
How about investing in gold right now
October 13, 2021 08:24 PM PDT| By Rishika RainaHighlights Gold is considered as a stable investment option as compared to the other volatile assets. Gold may not be a good diversifier in case of rising interest rates. Gold prices have a strong inverse relationship with real interest rates,.....
Fed signals bond-purchase taper by mid-Nov as inflation worries weigh
October 13, 2021 06:53 PM PDT| By Sanjeeb BaruahThe Federal Reserve signalled on Wednesday it could start withdrawing its covid-era stimulus support by mid-November as a growing number of its policymakers felt the bank has reached its economic goals and worried that inflation might stay longer. .....
US inflation exceeds forecast; food, rent, cars get more expensive
October 13, 2021 11:51 AM PDT| By Sanjeeb BaruahUS 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.....
US job openings fall to 10.4 mn, voluntary quits surge in August
October 12, 2021 10:57 AM PDT| By Sanjeeb BaruahHighlights Job openings dropped by 659,000 to 10.4 million in August. Voluntary resignation from jobs rose by 242,000 to 4.3 million. August saw the biggest drop in hirings in eight months. A record number of Americans have quit their job.....
Want to raise capital for your startup? Find out here
October 09, 2021 06:22 AM PDT| By Sanjeeb BaruahHighlights Raising capital for startups is often challenging. Self-funding or loans from family and friends can be easier initially. Angel Investors or Venture Capitalists often fund promising startups. However, banks remain the traditional .....
How are businesses handling UK’s rising cost pressures?
October 07, 2021 11:25 PM PDT| By Suhita PoddarThe UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more and more British companies are increasingly passing on the rise in costs to their customers. About .....
Has Brexit affected UK’s passport power?
October 07, 2021 01:17 AM PDT| By Priya BhandariHighlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secured seventh place with Greece, Malta, the US, and Norway with ability to visit 185 countries. In 2.....
Hong Kong shares lead the Asia Pacific rally
October 07, 2021 12:13 AM PDT| By Furquan MoharkanThe rally in equities of Asia Pacific region on Thursday was led by shares in Hong Kong – a geographical sub-region that has seen its markets get battered this year despite a global rally. The Hong Kong benchmark, Hang Seng index, was up 2.1.....
Five technology trends defining the US market
October 06, 2021 12:12 PM PDT| By Sanjeeb BaruahHighlights More than 760 technology companies are listed on the top three US stock exchanges. Technology plays a key role in the evolution of products, businesses, and markets. Technologies like Blockchain, IoT, AI, Cybersecurity a.....
RBNZ hikes OCR by 0.50%, thereby decreasing monetary stimulus
October 06, 2021 02:15 AM PDT| By Jasmine AnandHighlights New Zealand’s Central Bank has of late declared raising the OCR by 0.25 bps. The decision was taken to decrease the monetary stimulus pumped into the economy, as the NZ economy is on track to recovery. Many economists were exp.....
Uncertainty around economic recovery deepens amidst the global supply chain crisis
October 02, 2021 11:00 PM PDT| By Anam SiddiquiHighlights The rise in demand in the past couple of months has resulted in a global supply chain crisis. The demand for energy, goods, labour and transportation has surged significantly across several economies. The energy crisis h.....
UK Manufacturing PMI indicates slowest growth since February 2020
October 01, 2021 07:00 AM PDT| By AbhijeetHighlights UK manufacturing sector witnessed the slowest growth rate since February of 2021 Growth slowed due to dismal pace in consumer and intermediary products Manufacturers are also struggling to recruit appropriately skilled workfor.....
Evergrande founder's net worth takes a US$15.6 billion hit
September 29, 2021 07:34 PM PDT| By Furquan MoharkanHighlights Xu Jiayin, Evergrande’s founder, has lost the most among the world’s richest in 2021. Jiayin has seen his net worth plummet by 66.98%. Shares of Evergrande have crashed by a massive 78.29% since the beginning of 2021. .....
Evergrande to sell stake worth US$1.5 billion in Shengjing Bank
September 29, 2021 02:01 AM PDT| By Furquan MoharkanHighlights Evergrande is set to dispose of its entire stake in Shengjing Bank. The stake sale would fetch Evergrande US$1.5 billion. The company has a US$47.5 million bond interest payment deadline today. Embattled Chinese property .....
China faces double whammy as power crisis adds to Evergrande woes
September 27, 2021 11:56 PM PDT| By Furquan MoharkanIn a double whammy, the world’s second largest economy – China – has been grappling with a massive power crisis in its north-eastern region, besides battling the fallouts of an inevitable default by the embattled property develope.....
