The loss of revenue due to smuggling and counterfeiting to the government has a direct impact on welfare spendings such as healthcare, education, and enforcement.
Category Archives: Markets
Trump turns hour-long speech on ending special status for Hong Kong into anti-Biden grievances
Donald Trump dressed up a rally speech railing against Joe Biden as a Rose Garden press conference announcing the signage of an order ending special status for Hong Kong
Next Avenue: Why isolating the older population won’t work, and would do more harm than good
Targeting Americans who are 65+ will harm the economy, betray society’s values and won’t contain the virus
India, US CEOs discuss collaboration in agriculture, digital payments & services
Issues in digital infrastructure, information and communications technology (ICT), healthcare and pharmaceuticals, aerospace and defence, entrepreneurship, financial services and investment also came up for discussions at the virtual meeting that saw participation from at least 24 CEOs from both sides.
Europe Markets: European stocks flop on worries over California lockdown
European stocks slipped on Tuesday, reversing the previous day’s gains on worries about the state of California shutting down.
RBI Says Overall Financial Resource Balance Of Economy Moderated During 2018-19
The Reserve Bank of India released the July 2020 issue of its monthly Bulletin. The bank noted that the overall financial resource balance of the economy moderated during 2018-19 primarily due to increase in net borrowing of non-financial corporations and moderation in household savings. As per the preliminary estimates, the marginal surplus in the overall f […]
Africa: ‘Tax Us’ – World’s Super-Rich Call for Wealth Tax to Fund COVID-19 Relief
[Thomson Reuters Foundation] New York — A group of 83 millionaires called for a permanent wealth tax to fund coronavirus relief efforts
HMS Queen Elizabeth ‘will be sent to the Far East to take part in military drills with US and Japan’
The class leading HMS Queen Elizabeth is expected to visit the Far East during its maiden grand voyage next year, according to a report in the Times.
China’s trade rises as economy recovers from coronavirus slump
China’s global imports rose 3 per cent to USD 167.2 billion, rebounding from May’s 3.3 per cent decline, customs data showed Tuesday.
UK economic output rises 1.8% in May after historic April plunge
‘Disappointing’ rebound in GDP was much weaker than the 5.5 per cent forecast by economists
WPI inflation falls 1.81 per cent in June, but food prices rise
“The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (-1.81 per cent) (provisional) for the month of June, 2020, as compared to 2.02 per cent during the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.
Domestic Passenger Vehicle Sales Tank By 78.4% In Q1FY21
The domestic Passenger vehicle sales fell to 1.05 lakh in June, dropping by 49.6% from 2.09 lakh units in the year-ago period, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday, according to media reports. Passenger car sales were down 58% at 55,497 units while three-wheeler sales fell 80% to 10,300 units. Two-wheeler s […]
China hits back at ‘troublemaker’ US as tension grows over South China Sea
China’s embassy in Washington hit back hours after US Secretary of State Mike Pompeo warned that ‘the world will not allow Beijing to treat the South China Sea as its maritime empire’,
Investors yank $500m from super-leveraged US tech fund
Record weekly outflow from ETF known as ‘TQQQ’ suggests wariness after momentous rally
European shoppers hit the high street but exports drag on growth
Continent faces a two-speed recovery from pandemic’s economic hit, data suggest