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Economic News

An Unexpected Downturn in Japan’s Economy Was Triggered by Supply Shortages

The third-quarter GDP annualized at -3.0% in variation to the predicted -0.8%. The decline in exports, CAPEX, and consumption has…

The US to Soon Face Hyperinflation, Says Jack Dorsey

Jack Dorsey, the CEO of Square and Twitter, has cautioned that hyperinflation is on the cards for the United States…

Singapore Enters Technical Recession As COVID-19 Hit the Economy

Worse than what was expected, Singapore’s economy fell to a record low in the second quarter of 2020 after the country…

HKEX Abandons £32bn Takeover Bid for London Stock Exchange

Hong Kong Exchanges and Clearing (HKEX) has abandoned its £32bn takeover bid for London Stock Exchange. Earlier, it was reported…

Treasury’s Curveball: Global Stocks Rally Stalled

This quarter saw huge spirals in yields of the US bonds with the 10-year yields below T-bill rates which are…

SBI to Partner with SWIFT’ GPI to Boost Cyber-Security, with Other Major Banks

The State Bank of India is about to enter in a collaboration with the Society for Worldwide Interbank Financial Transactions’ (SWIFT)…

India outlines new commerce rules; protects domestic companies and makes it tougher for Amazon and Walmart to carry business

New e-commerce regulations have been outlined by India that will concentrate on enhancing privacy safeguards, tracking of data and is…

Soon after Supreme Court holds Anil Ambani and Two Directors Guilty in Ericsson Case, Reliance Group Shares Fall by 1 to 9 Percent

On Wednesday, the Supreme Court found Reliance Group chairman Anil Ambani and other two of its director guilty of Contempt…

Plunging Chinese Demand Floors Vitamin Brand Blackmores

The economic slowdown in China has bitten almost all industries across the world due to the sheer size of the…

Airbus is putting an end to the superjumbo aircrafts

Prominent plane manufacturer Airbus has come out with the announcement that they are calling it a day for the A380…