The pandemic-induced economic slowdown has hit India hard. Prospects for the vehicle sector hang on the monsoon season and a successful vaccination campaign. India’s automotive sector, which contributes 7.1% of India’s gross domestic product (GDP), has...
In money back policy, you will be getting certain percentage of the sum assured at different intervals. A typical 20-year money back policy will give you 20% after 5 years, 20% after 10 years, 20%...
Australia and the UK have signed a free trade deal as Britain seeks to find alternative markets in the wake of Brexit. The deal was hailed by British Prime Minister Boris Johnson as “a new...
The short squeeze that lifted the US dollar ahead of the weekend has seen limited follow-through buying, and instead a consolidative tone emerged. Europe is searching for direction and perhaps waiting for US leadership after...
Almost 20 years after Concorde ceased operations, supersonic air travel could soon be taking off again. A deal involving United Airlines and the startup Boom has got the aviation industry buzzing. United Airlines, one of...
Video games company Electronic Arts says hackers managed to steal some of the source code to its popular football game FIFA 21, as well as the Frostbite engine underpinning several titles. California-based Electronic Arts said on...
Falling US yields weigh on the US dollar. The 10-year Treasury yield is flirting with the 1.50% mark, and the greenback is trading heavily against all the major and most emerging market currencies. European and...
Farm laborers from Asia flock to the European country known for its booming agricultural exports. The workers are often brought by gangs of traffickers and are forced to endure inhumane living conditions. They look like...
The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...
El Salvador plans to recognize Bitcoin as legal tender, becoming the first nation in the world to do so. The cryptocurrency could make it easier for the many Salvadorans living abroad to send money back...
The US dollar is enjoying broad, even if not large, gains today following yesterday’s recovery from three-year lows against sterling and four-year lows against the Canadian dollar. The greenback is firmer against all the major...
The drug aducanumab could be approved in the US and EU soon. It effectively combats the amyloid beta plaques in the brain that are indicative of Alzheimer’s disease. But does it also slow down memory...