India is the world’s largest centre for processing rough diamonds, accounting for 95 per cent of the world’s polished diamond output. However, the exports of...
Indonesia’s High-Speed Train Project Faces Debt and Safety Concerns
Indonesia is set to launch its first high-speed train service in October, connecting the capital Jakarta with the city of Bandung in West Java. The...
China’s Shadow Banking Sector Faces Default Crisis Amid Economic Slowdown
Shadow banking is a term that refers to the activities of financial intermediaries that operate outside the formal banking system. These intermediaries include trust companies,...
How US labour market and interest rates overshadow China’s troubles for Wall Street
The recent turmoil in China’s economy has raised concerns about its impact on global markets, but Wall Street seems more focused on the domestic factors...
Eurozone inflation remains high at 5.3% in August, core measure drops
The latest data from Eurostat, the statistical office of the European Union, showed that inflation in the euro area stayed at a record high of...
AMC Stock Plummets as Short Sellers Reap Huge Profits
AMC Entertainment (NYSE: AMC), the popular meme stock that once soared to the moon, has been crashing down to earth lately. The company’s shares have...
Crude oil price rises to new high amid supply concerns and demand recovery
Crude oil price tested the 82.00 barrier and found solid resistance there, to show sideways trades now, waiting to get positive motive that assist to...
How Kids Can Start Their Own Businesses Beyond Lemonade Stands
Many kids have a natural entrepreneurial spirit and want to earn their own money. However, the traditional lemonade stand may not be the most practical...
Apollo.io Becomes a Sales Tech Unicorn with $100M Funding Round
Apollo.io, a San Francisco-based startup that provides a full-stack sales tech platform, has raised $100 million in a Series D funding round, reaching a valuation...
China’s economy shows signs of recovery amid global slowdown
China’s economy, which has been facing headwinds from the Covid-19 pandemic, trade tensions and domestic challenges, is showing signs of recovery as consumer spending picks...
Vale executive says Chinese steel demand is not as weak as it seems
According to a Reuters report, Brazilian miner Vale SA’s vice president of iron ore solutions, Marcello Spinelli, said that China’s steel demand is declining, but...
RBA Holds Rates as Inflation Cools Down in Australia
Australia’s inflation rate slowed down more than anticipated in the month of July, reflecting global trends and strengthening the case for the Reserve Bank of...
Costco’s China success defies retail slowdown
Costco, the U.S.-based wholesale retailer, has been expanding its presence in China amid a broad slowdown in the country’s consumer market. The company opened two...
Fed’s Job Openings Obsession Finally Ends, Says Bloomberg
According to a Bloomberg opinion article, the Federal Reserve’s fixation with the job openings data from the Job Openings and Labor Turnover Survey (JOLTS) is...
Oil Prices Surge After Unexpected Drop In U.S. Crude Stocks
Oil prices rose sharply on Tuesday after the American Petroleum Institute (API) reported a surprise crash in U.S. crude inventories, signaling a tightening supply-demand balance...
Pound Sterling rises as US yields fall and UK inflation expectations increase
The British pound (GBP) gained some ground against the US dollar (USD) on Tuesday, as the greenback weakened amid lower US Treasury yields and disappointing...