Economics
Survey: Investors no longer see the pandemic as a major threat to markets
For the first time since the pandemic, investors no longer see the coronavirus as a major threat to markets. Investment fund managers surveyed by Bank of America rather fear rising inflation and "hysteria" over tightening regulatory policies. U.S. investors have ceased to consider the pandemic...
New Report Says $131 Trillion Investment In Clean Energy Needed By 2050 To Achieve Climate Goals
A new study that was published on Tuesday has claimed that there needs to be an increase of 30 per cent in planned investment in clean energy by 2050m totalling to an investment of $131 trillion globally to prevent a catastrophic climate change. The report also noted the acute need to significantly...
China's macro indicators for the first two months jump by a third
China's statistical office recorded a record improvement in January-February in a number of indicators, such as industrial production, retail sales and capital expenditure rose by more than 30% year-on-year. This strong growth is primarily due to the low base effect - last year's peak months of the...
China’s Economic Recovery In 2021 Being Driven By China's Factory Output And Consumers
The Chinese economy continued to consolidate its fast recovery from the Covid-19 pandemic with the country’s factory and retail sector activity growing in the forts two months of the current year which beat expectations of analysts. However according to analysts, the very low base from the...
India Drafts New e-Commerce Policy Demanding Equal Treatment Of Sellers By Platforms
A new draft policy e-commerce firms prepared by the Indian government will mandate that such companies follow a policy equal treatment of sellers on their platforms while also ensuring transparency. This draft policy paper was prepared after there were criticisms of the business practices by the...
ECB To Tackle Rise In Yields By Faster Money-Printing
With the aim of restraining euro zone borrowing costs, the European Central Bank could be printing money faster, the central bank signalled on Thursday. The ECB however did not say anything about adding more money to the already robust and aggressive package to tackle the Covid-19 pandemic hit....
Apple to invest €1B in Germany
Apple has announced that it will invest €1 billion in Germany in the coming years. Most of the money will go towards creating the company's European centre in Munich to develop memory chips for 5G networks and other mobile wireless communications equipment. According to Apple, the Munich facility...
European indices accelerate, German DAX breaks records
Europe's main stock exchanges accelerated by Monday evening, with Germany's DAX index breaking all-time records, trading data showed. In the evening, the British FTSE 100 rose 0.76% to 6679.65 points, the French CAC 40 rose 1.6% to 5872.26 points and the German DAX rose 2.45% to 14261.3 points....
For Travellers, Covid-19 Travel Insurance Is Now Becoming Mandatory
Insurance policies against Covid-19 while travelling or going on vacations are becoming as common as ensuring having passports and sunscreen which is expected to boost the insurance sector with more countries making it mandatory for travellers and holidayers to have such insurance in the...
US Suspends Tariffs On UK Goods Including Single Malt Scotch Whisky
The United States has suspended import tariffs on a number of goods from the United Kingdom including on single malt whiskies. The tariffs were imposed as a part of the case related to the subsidies to the aircraft maker Airbus. Cheese, cashmere and machinery form the UK will also see...
