Pandemic Financial News

Asylum-seekers have gravitated to working food delivery in New York and other major cities, drawn by an abundance of customers and ease of getting started

₹190 crore, two company executives told Mint. The company has committed ₹100 crore to Chennai-based Radiance Realty Developers India Ltd, and another ₹90 crore to Pune-based Mantra Properties and Developers Pvt. Ltd, for their respective residential projects.

North Dakota Gov. Doug Burgum claims President Joe Biden's economic policies are responsible for increasing the cost of everyday essentials like gas, food and clothes

An inquiry into the U.K. government's response to COVID-19 found it was ill-prepared for a pandemic and serious errors in planning failed its citizens

State media say North Korean leader Kim Jong Un has visited a major tourism site being constructed on the country's eastern coast and discussed steps to open the zone by next year

Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is seeking an urgent hearing on the matter. Byju's did not comment on the issue.

Jason Starr felt the first flashbacks of pandemic PTSD back in mid-April.

Airbus is set to expand its Safety Promotion Centres (SPC) to China, the USA, Germany, and the United Kingdom, added Nicolas Bardou, the product safety communications and aircraft accident crisis response advisor, during a discussion with ANI. The Safety Promotion Centre is a specialized facility focused on enhancing safety within the aviation industry. The SPC was introduced in 2023 as a strategic initiative to disseminate safety controls. Notably, in India, Airbus operates a satellite SPC located in Bangalore, furthering its global safety outreach.

Mint said there is a need for a dedicated ministry to address the sector's unique needs, which contributes a substantial ₹5.69 trillion to India's gross domestic product. The sector, which gave patrons or consumers of restaurants a GST rate reduced from 18% to 5% in 2017, now struggles with rising costs and shrinking profit margins. Suri said calling for the restoration of input tax credit and support for operational expenditures such as rentals and delivery commissions for restaurants, especially an input on rentals which contribute 20% of operational costs would be a game changer.

Inflation in the U.K. held steady at the Bank of England’s target rate of 2% in June

Loretta Mester, having worked in the Federal Reserve system her entire career, rose to become president of the Cleveland Fed for a decade until her retirement on June 30

Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. The minister proposed this collaboration during the G7 Trade Ministers' meeting at Reggio Calabria, Italy. He also highlighted the importance of analyzing global supply chains' robustness in times of crisis like pandemic, Ukraine-Russia conflict, and Red Sea crisis. Goyal said that efforts are on in various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs (global value chains), the 14 Member IPEF (Indo-Pacific Economic Framework for Prosperity) association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC (trade and technology council).

The Indian consumer is showing signs of fatigue. The indications are evident in what consumer goods companies are reporting as well as from hard data in the national income accounts. Household consumer spending grew at half the pace of the overall economy in the financial year that ended in March.

President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

Thousands of Philadelphia city employees are back in their offices full time after a judge rejected a union’s request to block Mayor Cherelle Parker’s requirement that they return

HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2.

Mint presents several articles that identify some of the areas where changes are needed. Each will involve a combination of policies and programmes, and the details can only evolve over time. This article focuses specifically on the Budget and what signals it could send.

₹73,498 crore for FY24-25 for the department of school education and literacy. The allocation for higher education for FY24-25 was kept at ₹47,619.77 crore.

Charles Schwab Corp. reported that fewer clients opened new brokerage accounts with the investing giant than analysts expected, sending shares of the company down in early trading. 

Millions of American workers who should be only a decade from retirement are finding their finances stretched by the cost of living, making saving impossible.