Pandemic Financial News

Subscribe to enjoy similar stories. The past few weeks have been tough for the Indian markets. While a 10% fall in indices isn’t unusual, the frequency of such falls has fallen significantly since the pandemic and as a result, new investors are learning lessons that old timers have known for years.

Subscribe to enjoy similar stories. The rise of Robert F. Kennedy Jr.

Ecommerce logistics startup Locad said on Wednesday it has raised $9 million as it aims to expand in Saudi Arabia and the United Arab Emirates in the fourth quarter. While the company did not disclose the valuation at which the fundraising was made, a source familiar with the matter said it was around $60 million. The pre-series B funding round was co-led by Global Ventures and existing investor Reefknot Investments. Sumitomo Equity Ventures and other existing investors such as Antler Elevate, Febe Ventures and JG Summit also participated.

Canada’s industrial heartland has had a tough year.

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it’s best to have a plan well in advance of making a big change

From foster grandparents who volunteer at an early child care center to citizen scientists who collect water quality data in remote locations, nonprofit volunteers have come back after the pandemic

Subscribe to enjoy similar stories. Maharashtra and Jharkhand are going to polls amid heated campaigns that saw ideological clashes, political wrangling, and promises of several free goods and services, colloquially known as freebies. Political parties make election promises such as cash transfers to women, free gas cylinders, and free electricity to woo voters.

New Jersey’s internet gambling market set another record in October, the latest proof that people are betting more of their money online rather than coming to Atlantic City to gamble it in person

The volume and value of America’s commercial fishing industry both fell according to newly released federal figures, though members of the industry said the decline was to be expected following a spike in supply

Quebec’s public pension fund manager has grown its quantitative equity team to more than US$14 billion of assets in less than four years, and one of its top executives is bullish on doing even more.

Subscribe to enjoy similar stories. British retailer Marks & Spencer is scaling back its home decor business in India, removing home linen, home decor, and dinnerware from store shelves. The retailer is prioritizing core categories like apparel.

Subscribe to enjoy similar stories. After enduring New Delhi’s extreme temperatures and lung-killing pollution for two years, the 27-year-old IT engineer took a transfer to his employer’s office in Bengaluru. It was meant to be a new beginning amid pleasant weather, easygoing people and pubs aplenty.

Remote work was a novelty before Covid-19 broke out, with less than one in three companies (30%) in India offering the option, but stringent restrictions during the pandemic made almost all companies adopt WFH policies. And 68% companies continue with these policies, said a joint report by industry body Confederation of Indian Industry (CII) and business school Faculty of Management Studies (FMS), titled ‘Work-from-home: Benefits and costs’. While about 5% of companies allow fully remote work, almost half of them expect employees to be present in the office for two-three days a week.

Prime Minister Justin Trudeau says the federal government could have acted faster on reining in immigration programs, after blaming “bad actors” for gaming the system.Trudeau released a nearly seven-minute video on YouTube Sunday talking about the recent reduction in permanent residents being admitted to Canada and changes to the temporary foreign worker program.Over the next two years, the permanent residency stream is being reduced by about 20 per cent to 365,000 in 2027.In the video, Trudeau talks about the need to increase immigration after pandemic lockdowns ended in order to boost the labour market, saying the move helped avoid a full-blown recession.But after that, Trudeau says some “bad actors” took advantage of these programs, such as employers trying to avoid hiring Canadians, schools recruiting more international students for the higher tuition money, or scams promising bogus paths to citizenship.Trudeau says that he and his team could have acted quicker once it became apparent businesses didn’t need the added labour help anymore.Trudeau says the goal of the government’s immigration reduction is to help stabilize population growth while housing stocks catch up, and then to consider gradually increasing immigration rates once again.

Subscribe to enjoy similar stories. When India saves a life, it’s a great spectacle. An image I can never shake off is how once India moved a beating heart in an icebox from Chennai to Bangalore within two hours.

Not long ago, Polk County’s biggest draw was citrus

Eva Longoria, an actress, acknowledged that she and her family left the dystopian United States for a better life in Mexico and Spain, escaping the homelessness and exorbitant taxes of California, as quoted in a report by The New York Post. Longoria shared that this is where she spent her entire adult life. However, things were shifting even before the pandemic. It had a different vibe. The COVID-19 pandemic then pushed it over the edge. Whether it's the taxes or the homelessness, she doesn't want to criticise California; it just feels like this phase of her life is over. The 49-year-old Desperate Housewives star countered that Donald Trump's victory was another reason to leave, even though the homelessness and taxes occurred in California during the Democratic administration.

Subscribe to enjoy similar stories. New fault lines are emerging in American society based more on class than race. The shift helped deliver the White House to Donald Trump and could continue to alter the political landscape if more Americans identify themselves less in the context of race and gender and more as belonging to a certain economic class.

Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure

Philadelphia’s mass transit system is proposing a 21.5% fare increase starting New Year’s Day and also considering severe service cuts that would take effect in the summer

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic