Business News
$100 Million Worth of NFTs Stolen in the Last Year
According to a recent estimate by a blockchain research company, the hackers have stolen non-fungible tokens valued at over $100 million in the year leading up to July. The rapidly growing digital asset has become a new threat in cryptocurrency…
Japanese PM Kishida Announces Special Package to Combat Inflation
Inflation is setting new records, and Japan is no different. The cost of living in Japan has taken on a new dimension in 2022, with prices all around the globe continuing to rise on the back of tight fuel supplies, raw materials, and other shortages…
Is Recession Postponed?
Just a few weeks ago, the world was on the brink of a global economic crisis, baffled by worries about inflation and unemployment, and now suddenly, the skies are clear.
The US Bureau of Labor Statistics recently released the Consumer Price Index…
The Soaring Dollar is Causing the World's Currencies to Fall
With interest rates peaking globally, inflation is still present, as many currencies continue to depreciate against the dollar. The consensus among experts is that a worldwide recession is approaching. Amid its dim economic picture, the United States…
Syngenta Seedcare to Collaborate with Bioceres Crop Solutions to Introduce Innovative Biological Seed Treatments
Elevation in Construction Input Prices Induces the Stagnancy in the Pre-Engineered Buildings Sector
Elevated inflation and interest rates recently resulted in considerable stagnancy in the building and construction industry across the continents. Though the construction input prices lowered slightly in September, the wholesale price businesses…
U.S. Industrial Output Rises Beyond Expectations
U.S. industrial production rose by 0.4 percent in September because of higher manufacturing output, especially in the auto industry, and the easing of supply-chain constraints. A report issued by the U.S. Federal Reserve revealed that the utility…
Liz Truss Resigns as UK PM
On Thursday, Liz Truss announced her resignation as the Prime Minister of U.K, making her the shortest-serving PM in British history. In a speech delivered outside 10 Downing Street, Truss said she would be in office until a new successor is chosen. …
UK Markets Respond As The Next PM, Rishi Sunak, Prepares To Take Office
The markets are responding to the news of Rishi Sunak being the next prime minister of the UK after Liz Truss' 44 historic days in office. The markets have already stabilized on the belief that Sunak might be able to repair the UK's finances.
Mr.…
Commodity Price Increases will Adversely Affect the Building Industry
According to a domestic rating agency, ICRA, a sharp rise in commodity prices and increasing competition will hurt the building industry's profitability. due to the significant increase in the prices of essential commodities, particularly steel,…
Elon Musk Is Changing Twitter
Elon Musk, the richest man in the world, is now the Chief New Twit; he has finalized the US$44 billion transaction to buy out Twitter and take the company private. He intends to make the platform into a super app like We Chat that can be used for…
UK Recession Is Likely, Warns The Bank Of England
On Thursday, the Bank of England (BoE) announced the most significant hike in the interest rate and warned about the impending recession the country will face within the upcoming two years. With rising food and energy prices, the most recent rate…
ABC: Construction Backlog and Contractor Confidence Waver in October 2022
Associated Builders and Contractors (ABC), a national construction industry trade association representing more than 22,000 members, issued a news release on the latest workforce, policy, and industry issues, as well as construction-related economic…
Babcock International Renews Its Contract with the UK Air Ambulance Charity
Babcock, a UK provider of specialist air ambulance operations, and the Hampshire and Isle of Wight Air Ambulance (HIOWAA) charity in the United Kingdom have agreed to a three-year contract extension. Babcock will continue to provide HIOWAA with an…
IBM Consulting's BPO Unit Wins Vendor Invoicing Deal from Indian Oil Corporation Ltd in March 2022
Indian Oil Corporation Ltd, a state-owned energy firm, awarded a vendor invoicing management contract to IBM Consulting's BPO division.
The shared service center would be located in Noida, Uttar Pradesh, and would be used by employees of Indian Oil…
Global Scenario in the Sales of Cars: 2023
The post-pandemic condition due to COVID-19 has slowed down the global economy. The world in lockdowns has shown little signs of progress in this period.
It has been seen that pre-pandemic car sales were on a sound track. According to reports,…
Meta on Fine: GDPR Breaches
Today’s globalized world roams around the most crucial communication tools, entertainment, and information via the internet. Without it, the day feels as if stuck. Again, advancing technology spurs modernization in day-to-day life.
But the real…
Layoffs in 2023 by Major Tech Companies
2023 is seeing major tech layoffs in some of the world's biggest tech companies. Microsoft, Alphabet, Amazon, and Salesforce are the companies ahead in this layoff in 2023. Among these, Microsoft and alphabet are the latest companies to announce…
Global Inflation to Cool Down in 2023 and 2024 amid Economic Growth
The inflation crisis has gripped the economy of 2022 for many reasons, including geo-political reasons. But recent studies by International Monetary Fund (IMF) predict the recession is a slowdown. Although the outlook is not that rosy since…
Metaverse to Create Strong Economy in 2023 and Ahead
Meta is ruling the social media platform with Facebook and Instagram taking the lead. With Meta releasing many tools and features over all these years, advertisers have more resources to scale up their campaigns even faster.
Since Meta dominates…