In which sectors has the recovery accelerated? What needs to be done to support growth? The story so far: For India, the past year has been one of rebuilding after the ravages of 2020 amid the COVID-19 storm that pushed the already sluggish economy into contraction mode. To refresh the context in which 2021...
Read MoreHello and welcome to our continued coverage of the global economy, financial markets, euro area and business. Economic growth across the UK has slowed to its weakest point since lockdowns last spring, as the omicron variant of Covid-19 hits confidence. The CBI’s latest private sector growth survey, released this morning, shows growth in the...
Read MoreOfBusiness, a commodity sourcing and corporate finance platform, has raised $ 325 million at a valuation of $ 5 billion, a senior company executive said on Monday. Series G, OfBusiness’s fourth fundraiser this year, was led by Alpha Wave Ventures II, Tiger Global Management and SoftBank Vision Fund 2. Total funds raised include a...
Read MoreSaudi Arabia was among the top countries in the Middle East and North Africa for new venture capital deals in the third quarter of 2021, with startups in the Kingdom raising SR 769m ($ 205m) from of 91 transactions. This is an increase of 439% from figures a year ago in which business activities...
Read MoreNovember is usually a time for home builders and manufacturers to unwind. But not this year. The Commerce Department announced Thursday that construction began last month on 1.68 million seasonally adjusted homes at an annual rate. That was well over the 1.57 million wanted economists and was up 11.8% from the previous month. Single-family...
Read MoreThis content was published on December 14, 2021 – 18:23 December 14, 2021 – 6:23 PM (Bloomberg) – As the Federal Reserve prepares to wrap up its final meeting of the year, another report showing skyrocketing inflation has sunk some of the stock market’s most expensive pockets. Venerated by investors during the pandemic for...
Read MoreTHE The Malaysian economy remains in recession, although it is slowly coming back to life. In the third quarter of 2021 (Q3’21), the economy contracted by 4.5%, compared to an expansion of 16.1% in the previous quarter. On a seasonally adjusted quarterly basis, the economy appears to be experiencing a W-shaped recovery with gross...
Read MoreEuropean shares finished unless markets assessed the inflation data in the US and continued to monitor developments surrounding the new variant of the coronavirus Omicron. The seasonally adjusted US consumer price index climbed 0.8% in November, slightly beating expectations of a 0.7% increase and after gaining 0.9% in October. The UK FTSE 100 was...
Read MoreGood day. Here are the best stories from the Manila Times of December 9, 2021 READ: Omicron less severe – WHO Omicron does not appear to cause any more severe disease than previous variants of Covid, and it is “highly unlikely” to completely dodge vaccine protections, a senior WHO official said on Tuesday (Wednesday...
Read More(The Center Square) – Democrats have argued that tax reforms implemented through the Tax Cuts and Jobs Act (TCJA) of 2017 only benefit the wealthy, and that the Build Back Better Act (BBBA) would help middle and working class Americans more. But several non-partisan groups have found that the TCJA is reducing the tax...
Read More