Bank of England warns of longest recession in 100 yrs
A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation, the Bank said, as it
Nov 04, 2022, 16:52 PM IST
UK economy may fall into the longest recession in 100 years: Bank of England
The UK economy faces a "very challenging outlook", with a recession that began this summer now expected to last until the middle of 2024, the Guardian reported.
Nov 04, 2022, 12:06 PM IST
Bank of England makes the historic interest hike to 3%, its biggest since 1989
The policy was aimed at staving off recession and spurring long-term growth - but instead it pushed sterling to a record low against the U.S. dollar, forced the BoE to prop up the bond market and led
Nov 03, 2022, 20:09 PM IST
US Fed Reserve hikes interest rates by 75 basis points, Indian markets and rupee to be hit
US Fed`s rate hike actions have a direct bearing on Indian markets and the rupee, as higher interest rates in the US take the sheen off Indian equities, weaning away foreign investors, say market
Nov 03, 2022, 08:27 AM IST
Elon Musk dissolves Twitter board after takeover, named sole director
Out of the many changes that Musk made to the social media platform, the dissolution of the board of directors is a major step as Twitter`s board members which included Bret Taylor, Parag Agrawal,
Nov 01, 2022, 07:36 AM IST
Pakistan's economy headed for a Sri Lanka-like crisis
Muhammad Hamza Qamar, writing in Daily Parliament Times said that Pakistan has a large amount of debt, high inflation, a spike in unemployment and a lot of other macroeconomic problems which clearly
Oct 31, 2022, 13:40 PM IST
UN-brokered Black Sea Grain Deal: Why Russia pulls back from deal and how it will impact Global food crisis - Explained
Russia-Ukraine conflict led to the hamper of the transportation of grain from the Ukraine ports around the globe. Socres of ships laded with tons of wheat and grain stuck in the black sea for many
Oct 30, 2022, 17:11 PM IST
Elon Musk takes over twitter: Top executives to take home $88 mn, Parag Agrawal richer by $38.7 mn
According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing".
Oct 28, 2022, 11:42 AM IST
From The Big Bang Theory to The Simpsons --Here are 5 most famous TV appearances of Elon Musk
Elon Musk has mostly played himself in the TV series.
Oct 28, 2022, 10:47 AM IST
Samsung officially names third-generation heir Lee Jae-yong as chairman
Lee's promotion is partially symbolic as he has helmed the Samsung group in his capacity as the electronics company's vice chairman since 2014, when his late father, former chairman Lee Kun-hee,
Oct 27, 2022, 11:15 AM IST
Softbank-backed health unicorn Cerebral laying off 400 people
A memo from its CEO, David Mou said the cuts would affect employees across the company, including at headquarters and among clinical care staff and support workers.
Oct 25, 2022, 11:48 AM IST
Philips to cut 4,000 jobs as company faces multiple challenges: CEO
The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.
Oct 24, 2022, 16:31 PM IST
2022 Nobel Prize in economics: Ben S Bernanke, Douglas W Diamond, Philip H Dybvig given Nobel Prize for work on banks
The award to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm.
Oct 10, 2022, 15:43 PM IST
'Possibility of sabotage could not be ruled out': Experts say on mystery leaks in two Russian Gas pipeline running to Europe
Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered. Experts and also Russia, which
Sep 27, 2022, 16:42 PM IST
Sundar Pichai meets Indian ambassador in US, discusses Google's commitment to India
During the meeting with the Indian Ambassador, Pichai was very appreciative of the very initiatives that have been taken by India and underscored how Google is looking at India in a very positive
Sep 20, 2022, 10:03 AM IST
World may be edging toward a global recession in 2023, World Bank warns
Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, World Bank said, BBC reported.
Sep 17, 2022, 09:41 AM IST
Rating agency Fitch cuts global growth forecast, sees RECESSION in UK & US close
European wholesale gas and electricity prices have risen nearly tenfold. Fitch now expects world GDP to grow by 2.4% in 2022 - revised down by 0.5 percentage point since the June estimate - and by
Sep 15, 2022, 09:49 AM IST
Wall Street behemoth GOLDMAN SACHS expected to layoff hundreds; Here is all you need to KNOW
Goldman Sachs may layoff hundreds of workers, according to a report by local media. The company saw reduced profits in an earning report in July.
Sep 14, 2022, 11:58 AM IST
Pakistan government says THIS on importing goods from India
The idea to import edible goods from India was first floated by the finance minister on Monday, when the country's death toll crossed 1,100 and hundreds of thousands of people were displaced, and
Aug 31, 2022, 14:18 PM IST
Better.com gears up for 4th round of Layoff after already firing nearly 4,000 employees
A leaked report on Tuesday (August 23) had hinted that Better.com could be firing 250 employees on Friday, though it was not clear as to which department and which employees would be sacked in the
Aug 26, 2022, 16:48 PM IST
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