Pandemic Financial News
31.10 / 15:13
Assurant
economy
WhatsApp
pandemic
show
country
shock
A sustained consumption boom is far from assured yet
Bank of India (RBI) released data in September that showed how the incremental flows of financial liabilities of Indian households have been rising sharply over the past two years, though it is still not clear whether they borrowed money to support consumption or to buy new homes (which shows up in national statistics as an investment activity). Third, households with a steady income still have some excess savings that were accumulated during the two major covid lockdowns. Financial savings of households had gone up sharply in fiscal year 2020-21, as people were either unable or too worried to spend.
31.10 / 13:27
Reuters
Aviat
CEO
Airlines
pandemic
show
travelers
Air India and Akasa Air CEOs exchange barbs over poaching of pilots
New Delhi: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law. The exchange, detailed in a Sept. 21 letter seen by Reuters, spotlights growing competition in India's aviation market, as a strong rebound in air travel after the pandemic, coupled with a flurry of orders for new aircraft, lead to a shortage of pilots.
31.10 / 13:27
Gap
economy
Fallout
pandemic
2020
The U.S. and European Economies Are Diverging
The gap between the U.S. and European economies is widening, with growth and inflation on different trajectories as the fallout from the war in Ukraine weighs on Europe’s prospects. The European Union’s statistics agency Tuesday said the combined gross domestic product of the eurozone’s 20 members fell by an annualized 0.4% in the three months through September, having increased by 0.6% in the previous quarter.
31.10 / 08:21
Reuters
pandemic
country
information
reports
travelers
Thailand extends visa-free entry to Indian and Taiwanese tourists for six months
Thailand has announced the temporary removal of visa requirements for travellers from India and Taiwan starting next month and continuing until May 2024. As reported by Reuters, this decision follows a previous move in September to eliminate visa requirements for Chinese tourists, who were a significant source of visitors before the pandemic, accounting for 11 million out of the record 39 million arrivals in 2019. "Arrivals from India and Taiwan can enter Thailand for 30 days," spokesperson Chai Wacharonke said.
30.10 / 21:05
Citi
economy
pandemic
2020
reports
travelers
US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments...
30.10 / 21:05
30.10 / 21:05
Manufacturing
CEO
Mobile
Enterprise
pandemic
2020
travelers
Enterprise CEO says rental car prices have moderated as supplies have improved but remain high
When Enterprise started to see automobile supply problems after the pandemic hit in 2020, the car and truck rental, fleet management and mobility company decided to cater to its long-term customers
30.10 / 19:15
IPO
Target
Matrix
Healthcare
pandemic
track
reports
Practo plans IPO in 18 months
₹400 crore in the current fiscal year. While prioritizing positive cash flow, Practo will be achieving the target by the end of the year, Lal said. “We are on track.
30.10 / 19:15
economy
pandemic
2020
Mint Primer: Are two-wheelers shifting gears toward an electric future?
Mint explains why. In 2018-19, two-wheeler sales hit a peak of nearly 21.18 million units, registering a 6% growth during the year. Thereafter, sales fell for three consecutive years to hit a decadal low of less than 13.6 million units in 2021-22.
30.10 / 18:49
Death
vaccine
pandemic
reports
recommendations
infection
ICMR findings soon on Covid-heart attack link
Indian Council of Medical Research (ICMR) is likely to soon disclose the results of a study that it conducted to evaluate a sudden increase in cardiac events after Covid-19. India's premier institute has sent the results of its study for peer review and will soon make it public, a person in the know told ET.
30.10 / 16:13
Twitter
Extreme
economy
pandemic
President
country
2020
Why China now needs a consumption story
Mumbai: As per the International Monetary Fund’s World Economic Outlook released in early October, China is expected to grow by 5% in 2023. This growth forecast is in constant terms adjusted for inflation and in the Chinese currency yuan. A growth of 5% in 2023 is better than growth of 2.2% in 2020 and 3% in 2022.
30.10 / 15:45
30.10 / 14:37
30.10 / 14:37
30.10 / 13:05
Target
JPMorgan
Splunk
pandemic
performer
reports
recommendations
analyst
Cisco sales poised to falter; Newell devoid of catalysts: 5 big analyst cuts
Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed today: downgrades at Cisco, Newell, Datadog, CubeSmart , and Olin.
30.10 / 10:53
Cooper
Compilation
economy
vaccine
pandemic
Actor
country
Countries should build trust on maritime front through dialogue: Rajnath Singh
Rajnath Singh on Monday stressed the need to build trust among countries on the maritime front through dialogue and said common maritime priorities of tackling climate change, controlling piracy, terrorism and drug trafficking should be addressed in cooperation. Singh was addressing the Indian Navy's Goa Maritime Conclave (GMC) 2023, which began on Sunday. The conclave will conclude on October 31.
30.10 / 10:15
Digital
Cooper
Fighting
economy
pandemic
information
Drugs worth USD 650 bn trafficked globally; need insight sharing on emerging trends: CBIC
CBIC Chairman Sanjay Kumar Agarwal on Monday called upon international customs authorities to share insights and advanced detection techniques in drug-related crimes. As global trade continues to interconnect and economies flourish, there is a corresponding rise in the potential for unlawful movement of restricted items like antiques, cigarettes, gold and endangered wildlife species, among others, he added. «The undercurrent of illegal trade in narcotics remains strong. Global drug trafficking is estimated to be worth USD 650 billion, contributing 30 per cent of the overall illicit economy.
30.10 / 08:45
Provident
Booking
Action
Airlines
pandemic
Hudson
travelers
Qantas says it ‘does its best’, no guarantees flights will take off
Qantas has rejected the basis of the competition regulator’s case against the airline, saying customers are not buying a specific flight when they book to travel but instead a “bundle of rights” to fly and blaming its booking systems for selling trips it had already cancelled.
30.10 / 08:03
Digital
Career
economy
pandemic
reports
travelers
Upskilling in Indian tourism industry: 5 initiatives that can change tourism careers
tourism industry, long hailed as a cornerstone of the nation's economy, has faced unprecedented challenges in recent times, primarily due to the disruptive impact of the COVID-19 pandemic. As the industry charts its path to recovery, a crucial factor that promises to redefine and rejuvenate it is the strategic investment in upskilling and reskilling its workforce. This transformative initiative can usher in a new era of growth and prosperity for the Indian tourism industry. According to a comprehensive report by FICCI, the sector witnessed a staggering 56% reduction in revenue in 2020 due to Covid19.
30.10 / 06:13
Target
Action
Strategy
economy
pandemic
stage
reports
2024
IMF projects global growth to slow to 2.9% in 2024 amid economic slowdown
witness a slight decrease in growth from 4.1 percent in 2022 to 4 percent in both 2023 and 2024. The report highlights that global inflation is expected to gradually decrease, declining from 8.7 percent in 2022, to 6.9 percent in 2023, and 5.8 percent in 2024. Tighter monetary policies and lower international commodity prices contribute to this decline.
what you should know about pandemic
What is pandemic and why is it important?
Pandemic is a significant category that interests a wide audience. On our site, we regularly publish news related to this subject.
Where can I find the latest updates on pandemic?
All new posts about pandemic can be found in the dedicated section. We publish information as it becomes available.
How can I verify the accuracy of information on pandemic?
We rely on trusted sources to ensure that the information about pandemic is accurate and helpful for our readers.