Analysts told CNBC that inflation in India has risen dramatically and that there are signals that it will continue to rise. Retail inflation jumped 6.95 per cent in March from a year ago, according to data provided by India’s Statistics… Read More ›
Sustainability
Scarcity Of Resources From Ukraine Causes Supply Crisis For European Cosmetics
As Russia’s invasion of Ukraine causes significant disruptions in the supply chains for beauty products, European perfume and cosmetics companies are facing shortages of paper, glass, and some critical oils and alcohols, forcing prices upwards amid strong demand. The $500… Read More ›
US Inflation Hits 40-Year High Due To Rising Fuel Costs
After fuel costs skyrocketed during the first full month of the Ukraine war, the US inflation rate hit a new 40-year high in the year to March. Following a double-digit jump in energy prices, consumer prices increased by 8.5 per… Read More ›
Nepal Imposes Curbs On Luxury Imports As Its Foreign Currency Reserves Get Lower
Following a decline in its foreign currency reserves, Nepal has imposed import restrictions on non-essential products such as vehicles, cosmetics, and gold. It comes as the government’s debt has risen due to a drop in tourism expenditure and money returned… Read More ›
Two New Omicron Covid Sub-Variants Being Analysed By WHO
The World Health Organization announced on Monday that it is closely monitoring a small number of cases of two novel sub-variants of the highly transmissible Omicron coronavirus strain with the aim of ascertaining whether they are more infectious or harmful… Read More ›
Honda allocates $64 billion towards R&D in electrification drive
On Tuesday, in a statement Honda Motor Co Ltd said, it plans on spend $64 billion on R&D over a span of 10 years. The development marks the Japanese giant laying out its ambitious target to roll out 30 electric vehicle… Read More ›
Global ambitions for green vehicles hinge on DLE technologies
The US Department of Energy along with General Motors and Rio Tinto are investing heavily in newer technologies that could potentially revolutionize the way lithium is produced for electric vehicle batteries. As of now, these technologies are yet to prove… Read More ›
Lockdowns In China: Tourism Spending Plummets During A Key Holiday Season
As the world’s second largest economy battles an outbreak of diseases, tourism spending in China plummeted over this week’s Qingming festival. Official numbers reveal that tourists spent more than 30% less during the major three-day holiday than they did at… Read More ›
Amazon Ensures Rockets For A High-Speed Internet Project
As part of Amazon’s Project Kuiper, three new heavy-lift rockets will launch thousands of satellites into low earth orbit over the next five years. Using a network of 3,236 satellites, the project seeks to deliver broadband connections. Starlink, a competitor,… Read More ›
US corn and wheat yields expected to be low, midst sky rocketing demand for fertilizer
Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
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