Pandemic Financial News

By Howard Schneider

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Jilani will be addressing the forum's opening ceremony, and will be holding meetings at its sidelines with his Chinese and Afghan counterpart, as well as the deputy prime minister of Mongolia, the statement added.

₹100 crore to Maran out of the total due amount of ₹397 crore. According to thehigh court's 24 August order, the airline was instructed to pay ₹100 crore to Maran by 10 September. In the arbitration award execution case, Maran had claimed SpiceJet had forfeited its right to be heard in court by willfully disobeying orders.

Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better. 

With just a 1.7% gain during the last three months, the benchmark BSE Sensex has just returned its worst September-ended quarter in four years. This was also true for the BSE500, BSE AllCap and the BSE LargeCap indices, even as the mid-cap and small-cap indices remained unscathed. The Sensex had surged 8.3% during the September quarter last year, and nearly 13% in 2021.

Pakistan's interim Foreign Minister Jalil Abbas Jilani will visit China to participate in the 3rd Trans-Himalaya Forum for International Cooperation to be held in Tibet on October 4-5, according to a media report here. The Forum meeting is being held at Nyingchi in Tibet Autonomous Region, 400 km east of Lhasa and, north of and very near to Arunachal Pradesh's Upper Siang district.

Pushpa Kamal Dahal ‘Prachanda’ said in Parliament on Sunday that during his recent meetings with Chinese leaders discussions were held on construction of a transmission line in the northern border region, installation of solar power plants along the border, construction of various roads and expansion of cooperation in the health and agriculture sectors. However, a number of Chinese projects in Nepal exist only on paper, in stark contrast to projects funded by India in the Himalayan country, where India’s grant assistance to Nepal totals around $63 billion, ET has learnt. Prachanda visited China late last month and reportedly got assurance of funding for 12 projects, even as there has been little progress on projects under China’s Belt and Road Initiative (BRI) projects in Nepal, according to people with knowledge of the matter. Nepal signed the BRI agreement with China in 2017. However, the country has yet to reap the benefits of the agreement, even as some Nepalese leaders sought Chinese funds to reduce dependence on India. China has raised the issue of delayed BRI projects with Nepalese leaders, but there is no clarity as to why the projects have been delayed, according to Nepal watchers.

NeoGrowth is scouting for a potential buyer to either get acquired or sell a significant stake to a strategic investor, said two people in the know. The company is also open to a major funding round, as it got back to black in the last fiscal after two years of losses, induced by Covid-19.

Six weeks into the United Kingdom’s first pandemic lockdown, employees at the British engineering group Dyson Ltd. received an email from chief executive Roland Krueger.

UAE Government has published a detailed discussion paper that calls for a decisive and coordinated international response to the urgent threat of global water scarcity. Entitled 'Ripple Effect Water Scarcity — The Hidden Threat to Global Security and Prosperity', the discussion paper examines global water scarcity and its main causes, highlights various implications of water scarcity already evident in parts of the world, and identifies a range of potential solutions to this rapidly worsening issue. Published by the UAE's Ministry of Foreign Affairs on the sidelines of the General Debate of the United Nations General Assembly in New York, the discussion paper is intended to serve as a global call to action and an open invitation to members of the international community to work together in new ways to address the emerging challenge of global water scarcity. Announcing the publication of the report, Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, said: «Concerned by the growing problem of water scarcity and the severe risks that it poses to the world, the United Arab Emirates has published a discussion paper today that aims to contribute to the development of a coordinated international response to this issue and the forging of new models for effective cooperation to address this multifaceted threat to global security and prosperity.» The discussion paper stresses that according to certain metrics, four billion people around the world currently experience water scarcity at least one month per year, with this figure expected to grow in the years ahead.

CNBC report. Other than falling trend of travelling in many countries, leisure travelling continues to be popular in countries like China, Mexico, Japan, and Brazil, reported CNBC citing Morning Consult’s “The State of Travel & Hospitality" study published in September. At the global level, the falling interest in travelling in most of the countries can be explained by the fading away of the phenomenon of ‘revenge travelling’.

Sharon White, the current chair of the UK retailer John Lewis Partnership, has announced her intention to step down from her position in February 2025, at the end of her five-year term. The decision not to seek a second term makes her the shortest-serving chair in the company's history.

Tim Dean manages a precast factory in the Snowy Mountain town of Cooma, population 7514, and says it is “a great place to work and to live”.

Peter Alexander, the Premier Investments-owned sleepwear brand targeting an overseas expansion is worth between $999 million and $1.59 billion, according to investment bank analysts working to place a valuation on the business ahead of a potential spin-off and ASX listing.

Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic

Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey

Britain’s Treasury chief is announcing a hike in the national minimum wage

Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey.

₹100 crore into the project. Portions of Akshay Kumar-starrer Ram Setu were shot on the premises of the facility, Tewary added.

For his manager, Barrie Chapman, the overtime he now gets is a huge boost once unheard of in the hospitality sector. Their regional manager Jen Eaton looks back in horror at the 14-hour shifts she once worked in casinos in heels with no break. Like thousands of others in lower-paid sectors of the British economy, all three have benefited from a gradual improvement in employment terms since the global pandemic and Brexit forced companies to work harder to find staff in a tight labour market. The shift follows years of warnings from unions and campaign groups that the balance of power in Britain had swung too far towards employers, leaving many lower-paid staff working unpredictable hours with poor benefits and little protection. Nick Collins, CEO of Loungers which employs Eaton, Chapman and Hughes-Davies among 8,000 staff in restaurants and bars across Britain, said expectations of employees had risen.

Insurance has been there even before we evolved into human beings. It existed in the animal world and the earliest forms of civilization, and it shall exist till there is life on this planet. If you look at animals, they move in a herd so that they're able to protect each other, and if something goes wrong with one of them, the others are there to support them. Similarly, in early civilizations, humans stayed together in caves or villages and took care of each other.