Pandemic Financial News

The Bank of Canada’s top decision makers worried the central bank’s oversized interest rate cut in October could send a dour signal about the state of the Canadian economy, according to new documents released Tuesday.

Subscribe to enjoy similar stories. Mumbai's Nilay Kadam, a 35-year-old businessman, has been going through a stressful time. He had a two-year-old history of psoriasis, which was managed, but a recent increase in personal and professional life issues aggravated his condition and red patches and rashes reappeared on the skin.

Subscribe to enjoy similar stories. With a 8% fall in stock prices from their peak on 26 September, those who make money from the business of selling stocks seem to be getting jittery. Foreign institutional investors pulled out ₹94,017 crore or $11.2 billion in October.

Canada in some ways is a tale of two economies.

voting by mail, is crucial to ensure your vote counts.

Subscribe to enjoy similar stories. Astronomical corner-office pay packages have sparked debate worldwide, including in India. A Mint analysis of India's largest listed companies reveals that median remuneration for top executives grew by 8.6% in FY24, marking a slowdown compared to FY23.

Subscribe to enjoy similar stories. India’s flexible space providers have reported a multifold surge in revenue since the pandemic as corporates joined startups and professionals in seeking alternative workspaces closer to employees instead of setting up large, traditional offices. Awfis Space Solutions, a publicly listed co-working space provider, saw its revenue from operations jump nearly fourfold from ₹178 crore in FY21 to nearly ₹849 crore in FY24, according to the company's IPO filings and annual report.

Lyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in demand during the pandemic

Kamala Harris and former President Donald Trump ramped up their presidential campaigns in Wisconsin, a crucial battleground state. At the campaign event, Harris targeted Trump's economic record, specifically his handling of manufacturing jobs. She further claimed that nearly 2,00,000 manufacturing jobs were lost during Trump's presidency before the Covid-19 pandemic, with thousands of those losses felt in Wisconsin alone. She also labelled «Trump one of the biggest losers of manufacturing jobs in American history.» Addressing the campaign, Harris said, «He (Donald Trump) said that he was the only one who could bring back America's manufacturing jobs. America lost nearly 2,00,000 manufacturing jobs when Trump was president, including thousands of jobs right here in Wisconsin, and let the facts be clear, those losses started before the pandemic. That makes Donald Trump one of the biggest losers of manufacturing jobs in American history.»

Edtech platform Coursera is banking on the rising demand for generative AI (genAI) courses to drive learner growth as India is at the forefront of enrollments, a senior executive told ET. “If we are comparing it to the pandemic, of course the growth is slower (for online learning platforms). But now genAI courses are driving the growth with over 950,000 enrollments happening for genAI courses and almost 1600% year-on-year growth in genAI content,” Raghav Gupta, managing director of Coursera India and Asia Pacific, said in an interview. “Some of the growth is also happening because it is such a hot topic that people want to learn and there is a bit of a fear of missing out as well,” he added.

In an assessment published on Friday (1 November), the ratings agency said the Budget unveiled earlier this week will lead to an increase in government spending by around £70bn annually over the next five years. Almost half of the expanded spending will come from borrowing, Moody's stated, which will reach around £28bn a year over the next five years, or 1% of UK's GDP, making fiscal loosening rules «the most aggressive» pursued since the onset of the Covid pandemic. «The decisions taken in the Budget mean that public sector net borrowing will be higher in each year of the forecast an...

Air Canada raised its annual core profit forecast on Friday, as the country’s largest carrier benefits from strong demand for international travel and lower jet fuel prices.

It’s no surprise that workers feel burned-out

Peloton has appointed its next CEO

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels

A pivotal actor in the meme stock craze that began during the pandemic continues to hold a powerful sway over the movement of shares in major U.S. corporations

Subscribe to enjoy similar stories. Supply chains that underpin the economy are facing ongoing stress from geopolitical tension, labor disruption and natural disasters. Some companies say they’re gaining an edge in their markets with tools aimed at managing the risks, but it doesn’t come cheap or easy.

Subscribe to enjoy similar stories. LONDON : Britain’s new Labour government presented its plan to jolt the U.K. out of years of moribund growth: more taxes and a bigger state.

It’s not often that theBank of Canada decides to make a “jumbo” rate cut, but that’s exactly what it did last week when it cut its policy rate by 50 basis points to 3.75 per cent. A “jumbo” or “oversized” rate cut is a term used to describe moves of more than 25 basis points. Usually, jumbo cuts come when the bank has urgent concerns about economic growth and wants to quickly encourage economic activity, but that is not always the case. So why did the Bank of Canada go big last week, and what usually happens next? The Financial Post explains.

Subscribe to enjoy similar stories. Starbucks is stepping up efforts to enforce its return-to-office mandate with a warning: Comply with the policy or risk termination. The company will be instituting an “accountability process" in January to ensure corporate employees comply with requirements to work in the office three days a week, according to an internal message obtained by The Wall Street Journal.

adaptability is essential. Jennifer Dulski, CEO and founder of Rising Team, emphasizes that adaptability and resilience are the top traits she seeks in candidates. With a wealth of experience in hiring, including roles at Google and Facebook, Dulski has a keen understanding of what it takes to succeed in the modern workplace.