Pandemic Financial News

If you think airports are crowded this summer, it's not your imagination

Being able to draw on emergency savings has been vital for many Americans in recent years during the pandemic and cost-of-living crisis. But many are without this important lifeline.

Investing in the stock market can be both rewarding and challenging. Investors often face the dilemma of choosing between active funds and index funds. While index funds offer simplicity and low fees, active funds provide a dynamic approach that can be particularly advantageous during market corrections. 

shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021. The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April. Register for the ET MSME Day 2024 here.

Staffing firms see a spike in demand for quick commerce workers “Startups began several initiatives during the pandemic and the cost of marketing was extremely high. As things stand today, we are getting the sense that margins are more established and they are more focused on retention," Rahul Chowdhri, an investor at Stellaris Venture Partners, said.

Weekend number two was just as joyous for “Inside Out 2.”

₹10,000 he earns as an “errand boy" is just enough to keep his family going. Not surprisingly, the educated, underemployed young man is frustrated and angry. And he is not alone—a multitude of disgruntled youth across the country find themselves in a similar predicament.

This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing market that were not taught in school.

'Mansion Global' host Katrina Campins discusses the state of the housing market on 'Making Money.'

According to data by the Investment Association, April marked the largest withdrawal of investment by retail investors since February 2023, with outflows of over £1.3bn. UK All Companies suffered £996m outflows, while UK Equity Income lost £283m and UK Smaller Companies saw £57m being withdrawn. UK funds have not seen net inflows since the mid pandemic era (July 2021), meaning the UK has undergone the largest net outflow of any geography in every month since August 2021. However, Man GLG Income fund received the third highest inflows of £225m, which «contrasts with broader outflows...

India's foreign ministry said peace on its border with China was critical for relations to become normal, reacting on Friday to a Reuters report that New Delhi was not keen to restart direct flights with China amid a stand-off on their Himalayan frontier. China has been pressing India to restart direct passenger flights after a four-year halt, but New Delhi is resisting as the border dispute continues to weigh on ties between the world's two most populous countries, Reuters reported on Thursday. Asked about the lack of direct flights, foreign ministry spokesperson Randhir Jaiswal said «peace and tranquillity on the border is important» for ties with China to become normal. He did not elaborate.

LISBON—The Americans are here, and this sun-bleached coastal city is booming. At bars, hotels and restaurants that line winding cobblestone streets, business is so good that Mayor Carlos Moedas recently slashed local income tax for residents. With economic growth of 8.2% last year and a 20% rise in tax revenue from prepandemic times, he’s also made public transportation free for young people and the elderly.

Indian Hotels Company, EIH Ltd, Lemon Tree Hotels , Chalet Hotels share price have risen sharp 54-112% in a year benefitting from rising occupancy , average room rates leading to better revenue per available room (RevPar). The tailwinds have remained strong post easing of COVID-19 pandemic, and there has been a sustained increase in travel demand, with India continuing to be a popular destination.

Accenture Q3 results: Revenue touches $16.5 billion, cash dividend at $1.29 per shareIndian IT stocks rose after Accenture's earnings, boosting hopes that the worst was behind and that the sector may see demand revival.Accenture's earnings are seen as a performance indicator of Indian IT players, and they are keenly observed by IT sector experts and investors. It also indicates the demand for IT services worldwide."Accenture maintained FY2024 guidance at the midpoint of 2 per cent with nearly 3 per cent inorganic component.

lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon, there’s been a push to grow a US supply chain. Oakland-based startup Molten Industries is working to build it by relying on something that’s cheap and abundant in the US: natural gas. The company has developed a specialized technique to break methane into graphite and hydrogen, the latter of which can be used as a source of clean energy. The effort is funded in part by a $25 million Series A financing round led by Bill Gates’s Breakthrough Energy Ventures (BEV). “This is at the intersection of two really important climate tech theme areas for us at Breakthrough: making batteries scaleable and more cost-effective to drive EV sales to grow, and on the other side, low-cost clean hydrogen,” said BEV Managing Director David Danielson.

Real estate sector saw debt sanctions of ₹9.63 lakh crore during 2018-23 and there is an opportunity of debt financing of ₹14 lakh crore in the next three years, according to a report by JLL India and Propstack. In their joint report — 'Decoding Debt Financing: Opportunities in Indian Real Estate', JLL India and Propstack said the real estate sector in India witnessed debt sanctioning amounting to ₹9,63,441 crore in the last six years.

French President Emmanuel Macron is joining African leaders to kick off a planned $1 billion project to accelerate the rollout of vaccines in Africa

The U.S. inflation rate tumbled from June 2022 to June 2023. It was no slide down the Phillips curve of the sort that textbooks attribute to tighter monetary policy.

Infosys, has taken a softer and more flexible approach when it comes to returning to the “work from office” mode after the pandemic. Employees at the Bengaluru-based company have leveraged more remote working options in FY24 than in FY23, shows its ESG (environmental, social, and governance) report that ET has seen. This comes at a time when other tech companies are bringing in stricter mandates for employees to work from office.

Real estate investor Grant Cardone joins ‘FOX & Friends’ to weigh in, arguing it is the worst time to buy a home in his lifetime. 

Swizz Beatz and Timbaland are bringing the “Verzuz” series back with a new major platform for viewers to watch musicians face off in a song-against-song battle