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PANDEMIC INDUCED DOWNTURN
War weighs on global growth with price worries intensifyingGlobal economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors...- New Zealand enters recession, economy sees worst downturn since 1991, currency hits new lowNew Zealand's economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New...
- Visa-free Thailand is now offering tourists up to $14,000 in medical coverageThailand's new initiative, the Thailand Traveller Safety scheme, offers up to $14,000 medical coverage for accidents. It aims to entice bac...
- Demand outlook for quick service chains positive, despite price jumpThe food service industry is expected to clock 9% growth with QSRs likely to grow faster at 23% over FY20-25 as they operate on mass prices...
- Funding, M&As return as food industry recovers to pre-Covid levelsAshish Kapur, promoter of premium bar chains Whisky Samba and The Wine Company, said the group has set aside a corpus of Rs 150-200 crore f...
- Global economy rebounds, but for how long?The world economy woke up from its pandemic-induced coma in 2021, but between the Omicron variant causing renewed disruptions and persisten...
- Indian economy rapidly recovering from pandemic-induced downturn: Harsh ShringlaThe foreign secretary also showcased various ambitious structural reforms rolled out by the government in the last few years to enhance eco...
- Global economy rebounds, but for how long?The world economy woke up from its pandemic-induced coma in 2021, but soaring inflation, global supply chain bottlenecks and a resurgent co...
- Tech hiring rebounds in May; overall job market still weak, says reportThere was a 2 per cent decline in the overall number of new job posts in May on the SCIKEY Market Network, a job site, including in sectors...
- SoftBank Vision Fund seen posting record earnings on CoupangSoftBank's 37% stake in Coupang, which sources have said was acquired for about $3 billion, was worth around $30 billion at the end of the ...
- Delhi to recover faster than other markets with liquor reforms, say alcobev industry execs“The fineprint of the policy, which includes increased serving timings for bars and restaurants from 1 am to 3 am, removing price restricti...
- Reform measures in Budget to take India out of COVID-induced downturn: Rajiv KumarOn disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the l...
- China's Xi warns Davos World Economic Forum against 'new Cold War'In a swipe at moves targeting China launched by the previous US administration under President Donald Trump, Xi said confrontation "will al...
- Budget 2021-22: CII suggests graded road map towards competitive import tariffsThe Confederation of Indian Industry (CII) has proposed the road map to encourage domestic manufacturing in alignment with global trade tre...
- Customer leaves $5,600 tip at US restaurantIn a Facebook post, Moussa Salloukh, the owner of Souk Mediterranean Kitchen & Bar in Toledo, said the generosity left staffers cry tears o...
- China factory prices fall more slowly in August with recovery on trackChina's economy returned to growth in the second quarter after a massive coronavirus-induced contraction at the start of the year. Recent i...
- Steelmakers’ operating margins to take a hit in FY21: CrisilSteelmakers are likely to defer nearly half of their planned capex this fiscal and conserve cash to fortify financials. Debt issues of most...
- China's second-quarter GDP grows 3.2% year-on-year, beats expectationsThe growth was faster than the 2.5% forecast by analysts in a Reuters poll, and followed a steep 6.8% slump in the first quarter, the first...
- Dalio’s Bridgewater warns of possible ‘lost decade’ for stocksBridgewater has made $58.5 billion for its clients since its beginning in 1975.
- Gold slips as economic recovery hopes lift equitiesSpot gold slipped 0.2% to $1,745.32 per ounce by 0044 GMT. U.S. gold futures declined 0.2% to $1,748.60.
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