As India's healthcare system is finding it harder to cope with the rising Covid-19 cases due to the second wave of the pandemic, the American government has advised its nationals to return to the US.   The Department of State issued the highest level travel advisory asking US citizens...

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Standard Chartered (StanChart) has been ordered to pay $1.1billion (about £842m) by the authorities from US and UK to settle allegations of poor controls on money-laundering and breaching sanctions against countries including Iran, say reports.   According to a report from UK's The...

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“You know there are companies that are good at one or the other (innovation or marketing). But that is not enough, because if you’re good only at marketing, the problem is customers will change, they will have new wants…you need innovation to prepare new things to meet the same customers...

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The economic fallout from the coronavirus crisis continues to broaden and deepen but Fitch Ratings says its forecasts are starting to show some signs of stabilisation. Activity levels should start to rise in the months ahead, provided that a sharp resurgence in virus cases is avoided as...

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Economic distress and social discontent will rise over the next 18 months unless there are efforts to manage the fallout of the Covid-19 pandemic, World Economic Forum (WEF) has said.   These are the findings of Covid-19 outlook report published on Tuesday by the World Economic Forum...

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As the world deals with the coronavirus crisis, the Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has said that the world may face the worst economic fallout since the Great Depression of the 1930s.   In her latest address on Thursday, she said that the...

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The rapid deterioration in the global sovereign rating outlook due to the coronavirus outbreak and sharp fall in oil prices makes additional multi-notch downgrades likely over the rest of this year, says Fitch Ratings.   In a research note, the ratings agency says, "While we endeavour...

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As global recession seems inevitable with demand shock becoming much larger than the initial supply shock, governments must ensure that workers get paychecks and firms receive enough cash flows to avoid bankruptcy, else the present health crisis will turn into a mega financial crisis within...

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The outbreak of corona virus in China, although in its ascending phase, may threaten global recovery, especially considering that the 2003 severe acute respiratory syndrome (SARS) outbreak cost the world $57 billion (at current price level), says a research note from State Bank of India...

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The European Union's antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.   Google has abused its market dominance by imposing a number of restrictive clauses in contracts with...

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Nissan Motor Co.'s former Chairman Carlos Ghosn moved closer to being released on bail after a Japanese court on Thursday rejected a request by prosecutors to extend his detention.   Ghosn's arrest in Tokyo last month on allegations of financial misconduct rocked the global car...

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A new investigation by Forbes magazine finds the president’s net worth has dropped significantly since he took office.   Nearly 20 years ago, Donald Trump told Fortune magazine that he could run for president and make money doing it.   “It’s very possible that I could be the...

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United States President Donald Trump said on Monday that he has a "great" relationship with Prime Minister Narendra Modi who has told him that India is going to reduce substantially the tariffs on imports from the US.   He said that "tariff king" India on its own has reached out to...

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US President Donald Trump has stepped up his trade battle with China by slapping 10 per cent tariffs on $200 billion worth of Chinese imports, which Beijing said it will retaliate against.   The new wave of tariffs will go into effect on September 24 and will climb to 25 per cent on...

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It came as a nasty surprise to almost everyone a decade ago when we found ourselves on the cusp of a worldwide financial collapse.   Most business journalists — including me — failed to see the 2008 disaster until it was almost upon us. But these days, predicting meltdowns has become...

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The US and China implemented 25 per cent tariffs on USD16 billion worth of each other's goods on Thursday, ratcheting up the trade war between the world's two largest economies.   The latest trade escalation came as officials from both the countries met for tariff negotiations in...

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Riding on its AWS Cloud and advertising growth, Amazon posted a record profit of USD2.5 billion in the second quarter of 2018 -- an impressive jump from the USD197 million it posted in the same period last year.   Revenue grew 39 per cent year-over-year to $52.89 per cent while...

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Imran Khan is seen by many to have the cold business acumen of Donald Trump, strength of Vladimir Putin, charm of Emmanuel Macron; and the aggression and determination of Narendra Modi, especially with regard to its sibling neighbour.   Khan could be Pakistan’s new prime minister for...

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All the 12 boys and their football coach have been rescued from a flooded cave in northern Thailand after being trapped for 18 days, bringing an end to the ordeal that prompted a huge international rescue effort.   The coach was one of the last to be extricated from the cave on...

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President Donald Trump has ordered the start of imposing additional 10 per cent taxes on Chinese imports worth $200 billion, according to a statement by the US Trade Representative (USTR).   The new tariffs were adopted on Tuesday by the Trump administration in retaliation for...

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