Author Archives
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India Potash’s Arrangement For Payments In Rouble-Rupee Fall Down In Russian Banks
According to reports based on a letter and persons familiar with the matter, Russia’s Sberbank has delayed to process the first payment from Indian Potash Ltd (IPL) under a contract put up before the Ukraine war to allow IPL to… Read More ›
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European Venture Capitalists Advise Software Startups To Cut Costs And Lengthen Their Runway
As experts predict another recession, European venture capitalists are advising start-ups in their portfolios to slash costs and freeze employment. Their Silicon Valley counterparts are doing the same. Following a bumper 2021 filled with IPOs and huge fundraising rounds, several… Read More ›
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In The Midst Of The Crisis, Sri Lanka Pushes Farmers To Sow Additional Rice
Sri Lanka is urging farmers to increase rice production as the country faces its worst economic crisis in more than 70 years. The country’s agriculture minister issued the appeal, claiming that the country’s “food situation is deteriorating.” It comes as… Read More ›
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Oil Prices Climb As The EU Reduces Russian Imports
Oil prices have reached new highs after European Union leaders agreed to prohibit more than two-thirds of Russian oil imports. On Tuesday, Brent crude surpassed $123 a barrel for the first time in two months. Oil and gas prices have… Read More ›
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EU Has Agreed To A Progressive Russian Oil Embargo, With Hungary Granted Exemptions
Leaders of the European Union have come to a consensus to impose a ban on importing of Russian crude oil and the latest decision would come into effect by the end of the current year. The decision would however exempt, for the time being, pipeline shipments Hungary… Read More ›
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Abrdn CEO Predicts Indian And Chinese Stock Markets Might Quadruple By 2050
According to Abrdn CEO Stephen Bird, stock market capitalisation in India and China might quadruple by 2050 as Asia moves from “laggard to leader” in the climate transition. Bird commended the economic revolution that has lifted more than a billion… Read More ›
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Apple’s Upcoming iPhone and iPad Software Will Include Numerous Significant Upgrades
With its future software releases, iOS 16 and iPadOS 16, which the firm is scheduled to announce during its WWDC 2022 developer conference on June 6, Apple is reportedly introducing a plethora of new updates to iPhones and iPads. According… Read More ›
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Threat From Monkeypox Is Significant With One Crucial Difference With Covid
Monkeypox’s unexpected arrival in multiple nations around the world is a worrying outbreak, according to the chairman of the Coalition for Epidemic Preparedness Innovations, but the virus does not pose the same worldwide threat as Covid-19. His remarks come as… Read More ›
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Ukraine War Could Lead To A Global Recession, Warns World Bank Boss
The World Bank’s chief economist has warned that Russia’s invasion of Ukraine might trigger a global recession if food, gasoline, and fertiliser prices rise. On Wednesday, David Malpass said it’s tough to “see how we avoid a recession” during a… Read More ›
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Survey Shows Sharp Fall In Outlook Of CEOs As More Than Half Expect A Recession
According to a highly respected business survey released Wednesday, corporate executives are pessimistic about their outlook, with an overwhelming majority of them now forecasting a recession. According to the Conference Board’s survey of CEO sentiment, 57 per cent of the respondents now expect inflation to… Read More ›
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