Economics
US Business Lobby Urge Biden Administration For A Digital Policy To Counter China Threat
According to industry groups and former United States officials, countering China’s growing technological power needs development of China’s growing technological power by the new Biden administration of the US. Among the measures that the Biden administration needs to take include...
Its Planters And Corn Nuts Brands Of Kraft Heinz To Be Sold To Hormel For $3.35 Billion
Kraft Heinz Co. third largest food and beverage company in North America and the fifth-largest food and beverage company in the world, has finalised plans to divest its nuts business and will be selling off those businesses units, including most of its Planters and Corn Nuts products, to Hormel...
Latest Survey Shows 50% Of UK Exporters To EU Having Issues With New Brexit Rules
The increased red tapism and border disruption because of Brexit is causing problems for almost half of British exporters to the European Union, showed a survey that is one of the most comprehensive one since the leaving of the United Kingdom from the EU. According to the survey carried...
Cannabis Sector In US Rises To New High As It Gains Traction Through Reddit
The recent trading frenzy at the American stock exchanges in Reddit favorites such as GameStop could be shifting towards other stocks as indicated by the stocks of cannabis companies reaching fresh highs because of a strong retail investor interest. There was a 50 per cent jump in...
Ether’s Chance To More Out Of Bitcoin's Shadow With Futures Launch At CME
With investors seeking to take advantage of the increasing institutional interest in the evolving asset class of crypto currencies, a futures derivative of ether, the second largest crypto currency in terms of market capitalization and daily volume in the world, was launched on derivatives exchange...
Raiffeisen acquires Czech Equa bank
Raiffeisen Bank International (RBI) is buying 100% of Czech Equa bank from investment company AnaCap Financial Partners, the bank holding company said in a press release. "RBI has signed an agreement to acquire 100% of Equa bank... from AnaCap Financial Partners (AnaCap)," the statement said. It...
Analysts: Rising U.S. oil production can spur OPEC+
According to Baker Hughes, the number of rigs in the U.S. rose 9% in January, though it is still half what it was a year ago. The gradual recovery of U.S. production may force the OPEC+ countries to more actively increase their production in order not to lose market share. However, according to...
Large Chunk Of Cuban Economy Opened Up To Private Businesses
Private businesses will now be allowed to operate in most sectors of Cuba, said the government of the country on Saturday which marked the biggest reform in the country in years with respect to the state-controlled economy. According to the daily Granma, the official newspaper of the...
Iraq shows full compliance with oil production cuts
In January, Iraq showed 106% compliance with the agreement to reduce oil production under the OPEC+ agreement, the Iraqi state-owned State Oil Marketing Organization (SOMO) said on Wednesday. "Iraq complied (with the terms of the deal to reduce oil production - ed.) by 106% in January," the INA...
UN: Recovering economies won't make up for all the losses from the pandemic
The global economy shrank by 4.3% in the "covid" year 2020, which was the biggest decline since the Great Depression, according to a UN report on the economic outlook. Global growth could reach 4.7% this year, with developing countries expected to recover more quickly than developed countries. UN...
