2020 Financial News

An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display

Labour Codes, pending since 2020, later next year.

Honey Scam controversy'. What's more interesting is the fact that the browser extension that is under the microscope here, actually belongs to financial transaction giants, PayPal, who boast of the most secure financial circulation system across the world. But, is it?

I aggressively predicted last year that the Bank of Canada would lower interest rates by two per cent and this would be the key theme of 2024. As it turns out, I was mostly correct since rates fell 1.75 per cent.

Subscribe to enjoy similar stories. This fall, the TGI Fridays chief financial officer, operations chief, general counsel and head of procurement quit. “We can no longer, in good faith, continue to be employed by the company and risk our own personal liability for the company’s further operations and obligations," the four executives wrote in a letter to the board, a copy of which was viewed by The Wall Street Journal.

The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years

Humans of Bombay Instagram page offers a touching reminder of the power of selfless love and connection. This is the story of Pushpa Didi, a house help whose kindness and commitment left an indelible mark on a family navigating through difficult times.

India Budget Tax Cut: India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.

Subscribe to enjoy similar stories. The makers of Titanic were certain the ship wouldn't sink. In World War II, Germany was certain it wouldn't lose.

However, elevated valuations and cheaper alternatives in other emerging markets, such as ASEAN and Latin America, could constrain these inflows.

Subscribe to enjoy similar stories. In December 2019, a cluster of cases with an unknown flu-like illness emerged in Wuhan, China. Within a few weeks, the virus spread across the region, and soon engulfed the world.

Subscribe to enjoy similar stories. Four years ago, dozens of companies denounced the invasion of the U.S. Capitol and pledged to withhold support from those who disputed the 2020 election results.

The House Ethics Committee on Monday accused Matt Gaetz of “regularly” paying for sex, including with a 17-year-old girl, and purchasing and using illicit drugs all while the Florida Republican was a member of Congress.

Subscribe to enjoy similar stories. From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow," 2024 was full of surprises. No one expects 2025 to be less exciting.

Subscribe to enjoy similar stories. Even as China’s leaders have looked for ways to lift sagging birthrates, Beijing thought there was one group who would always want to have many children: rural couples. They were wrong.

Covid killed their artificial jewellery business in 2020, Deepika Jain and Anup N. Mehta found another way to make a comeback. The Bengaluru-based entrepreneurs took the business online in 2021, christening it ‘Just Lil Things’. The dream that started with Rs.1.5 lakh generates an eight-figure annual revenue today, riding on unique designs and well-structured processes. It all started with Mehta’s decision to bring back jewellery for his wife from his overseas trade trips. When this jewellery began to find favour with Jain’s friends and family, the couple decided to convert it into a business, starting only as a pop-up model. “In Bengaluru, an exhibition called ‘Sunday Soul Sante’ attracts 10,000-15,000 people, comprising mostly Gen Z, and the rent at the time was Rs.15,000-25,000. We thought selling modern jewellery here would be a good idea,” says Jain. She was right. In their first such display, they sold out, earning Rs.1.5 lakh in barely 4-5 hours. However, Covid-19 jettisoned their well-laid plans. So, in August 2021, they launched a website, which proved to be a turning point. By March 2022, the business had generated around Rs.5 lakh in revenue, garnering over 6,000 orders. The couple used their home and Mehta’s existing warehouse as storage, gradually scaling the operations as the orders increased. “Covid was good for our business as we are getting over 1,200 orders daily now and have reached an eight-figure yearly revenue,” says Jain.

Digital Vishwavidyalaya Bill — a budget 2022 promise to set up a digital university — has gone through legal vetting but is yet to be approved by the Union Cabinet. The other is the plan to set up a single higher education regulator under the National Education Policy 2020. Temple Run Jharkhand CM Hemant Soren was on a temple-visiting spree after taking oath as chief minister.

Approximately 1 million taxpayers will automatically receive special payments.

Boxing Day sales. However, not all retailers and supermarkets will swing their doors open on December 26. Over the past few years, several stores have embraced a new tradition of staying closed on Boxing Day, a practice initiated during the pandemic in 2020.

Delhi BJP president Virendra Sachdeva met for over four hours on Thursday to screen the names of suitable candidates from among a list of over 700 compiled by the Central observers, said a top party leader associated with the exercise. «The election committee shortlisted 3-4 names of potential candidates on each of the 70 seats. These names will be further discussed and shortlisted in the next meeting of the committee likely to be held on Saturday,» he said. The names of the candidates are likely to be declared next week after the list of shortlisted candidates is discussed by the BJP's central election committee, he added.