Category Archives: Markets

Nikkei stretches downtrend to fifth session as COVID-19 infections grow 

Tokyo stocks continued to fall on Thursday, pressured by persistent concerns about the renewed spread of the novel coronavirus.The Nikkei average of 225 selected issues …

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Kenya: U.S. Issues Safety Alert for 10 Kenya Airways Boeing Planes 

[Nation] Kenya Airways will be forced to inspect afresh the engines of its 10 Boeing 737 New Generation aircraft after the US aviation regulator warned that they could stall mid-air after being grounded for months.

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Best place to see the night sky is the coldest place on Earth where the stars ‘twinkle’ the least 

Dome A, or ‘Argus’ – located in the centre of East Antarctica at an elevation of 13,428 feet above sea – experiences temperatures as low as -144°F and the clearest view of the stars.

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US, European Union, others question India on using WTO peace clause 

The peace clause protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings are breached. High subsidies are seen to be distorting global trade.

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China, India got lot richer but refused to take on any more responsibilities: top US Senator 

“No one expected the Uruguay Round to be the last global trading round. Over the last two decades, countries like China and India got a lot richer, but they’ve refused to take on any more responsibilities,” Senator Chuck Grassley claimed. “In fact, they claim they are entitled to special treatment in any future negotiations because they are developing c […]

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China import expo to go ahead despite trade tensions, lingering coronavirus uncertainty 

Beijing is ramping up publicity for its third annual China International Import Expo (CIIE), as the country seeks to promote itself as a defender of free trade and linchpin for global economic recovery from the coronavirus pandemic.Despite growing tensions with major trading partners and ongoing economic uncertainty triggered by the pandemic, China is pushin […]

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UK economic revival under way but jobs concerns grow 

Guardian analysis shows hit to workers gathering pace despite boost from lockdown easingUK Covid-19 cases fall but fears grow over jobs, spending and debtQ, U, V or W: what shape will Britain’s economic recovery be?Britain’s economy has begun to repair the damage from the coronavirus lockdown as restrictions are gradually lifted, despite mounting concern ove […]

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US economy shrank at record-breaking 33 per cent rate last quarter 

Last quarter’s drop followed a 5 per cent fall in the January-March quarter, during which the economy officially entered a recession triggered by the virus, ending an 11-year economic expansion, the longest on record in the United States.

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India-China tensions will not influence AIIB as newly re-elected president vows to keep lender an ‘apolitical institution’ 

The China-backed Asian Infrastructure Investment Bank will remain an “apolitical institution” and will continue to back projects in India despite recent tensions in the disputed Himalayan border region, according to newly re-elected president Jin Liqun.Frictions between the two nations have cooled somewhat since the deadly clash last month, with both sides h […]

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India’s Covid-19 Fallout Collides With A Shaky Economy 

The second-most populous nation has its work cut out to deal with a surge in domestic infections and global turmoil.

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Amazon expands its grocery service in head-to-head battle with U.K. supermarkets 

Amazon is expanding its online grocery service ahead of its second-quarter earnings this week, in a major offensive to win more customers in the fiercely competitive U.K. grocery market.

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BRICS plan a separate meet of foreign ministers, NSA ahead of September Summit 

Meetings of the five foreign ministers and NSA are important to shape the agenda of any BRICS Summit. This year’s meet has acquired extra significance as two of five members of the BRICS – India and China – were involved in a bitter standoff.

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UK mortgage approvals rise four-fold; stocks struggle ahead of Fed decision – business live 

Bank of England lending data show housing market gathers paceDollar sell-off slows as Fed is expected to maintain ultra-supportive monetary policy to help economy 12.05pm BST Here’s more analysis of the Bank of England lending data, from Paul Dales, chief UK economist at Capital Economics.The signs that firms did not rush quite as fast to take on more debt i […]

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After A 30% Rally This Year, Akamai Stock Headed Down? 

Akamai stock (NASDAQ: AKAM) is up 29% since the beginning of this year, and at the current price of around $112 per share, we believe Akamai stock has a significant downside. Why is that? Our belief stems from the fact that Akamai stock remains about 72% higher than the low seen in early 2018…

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GDP Q2 Report: Why You’ll See Two Figures for Decline 

Official data for second-quarter economic output arrives Thursday, and while it will be unquestionably bad, there are different ways of looking at it.

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