Pandemic Financial News

The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

Alberta has been a powerhouse in Canada since the pandemic, with country-beating growth and a housing market that has stood strong while others slumped under the weight of higher interest rates.

TORONTO — Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report.

₹2,518 crore for FY24, up 61.8% on year, on the back of robust growth in its loan portfolio and a rise in net interest income (NII). The Mumbai-headquartered financial institution, which finances, facilitates and promotes India's international trade, said its total business for FY24 stood at ₹3.4 trillion, up 17.8% annually.

Congress on Monday accused the Narendra Modi-led central government of being "anti-MSME" and alleged that thousands of small businesses have shut down in the past 10 years. Congress leader Jairam Ramesh claimed that the vital MSME sector accounts for 30 per cent of GDP, 40 per cent of exports and employs 12 crore people.

Like legions of disgruntled former employees who preceded him, Howard Schultz took to LinkedIn last week to complain about what had gone wrong at his old company. Without naming names, the former Starbucks CEO—who all but founded the coffee chain—slagged his successor, writing that after such a significant quarterly earnings miss, “there must be contrition" and that the company should “own the shortcoming without the slightest semblance of an excuse." Schultz has a point.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain how monetary policies have diverged around the world and why the debt situation has become a reminder of the Napoleonic Wars.

CBSE 10th Result 2024 Live Updates: The Central Board of Secondary Education (CBSE) has announced the Class 10 board exam results today, i.e. May 13.

BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for about eight years ago.

Maha Vikas Aghadi (MVA) allies in Maharashtra, NCP leader Sharad Pawar seems to have managed to field the toughest candidates against BJP. A case in point is Ahmednagar where former Parner MLA Nilesh Lanke is taking on BJP MP Sujay Vikhe Patil. When NCP split last year, Lanke had joined the Ajit Pawar faction. However, in the run up to Lok Sabha polls, Sharad Pawar lured him back into his fold and offered him a Lok Sabha ticket. Sujay is son of state minister and Shirdi MLA Radhakrishna Vikhe Patil who was the opposition leader of Congress in 2019 before joining BJP. The Vikhe Patils are considered pioneers of cooperative movement in the state. Lanke, on the other hand, is known as a 'Covid warrior' who is highly popular in Ahmednagar.

market capitalisation of listed PSUs coincides with GoI's efforts to revive the economy post-Covid through capex. For most of the decade leading up to the pandemic, PSUs were losing valuation, relative to their earnings, as investors chased fancier private companies. Two things changed after Covid.

interim budget, presented on 1 February, pegged a capex of ₹11.1 trillion for FY25, marking an increase from FY24's budgeted estimates of ₹10 trillion and revised estimates of ₹9.5 trillion. Higher capex is largely proposed for infrastructure sectors such as roads, shipping and railways. The capital allocation for these ministries has also been scaled up substantially in the budget, allowing them to complete work under the Vision 2027 plan.

Akshaya Tritiya is considered as an auspicious day symbolizing prosperity and good luck. It is said that an investment made on this day gives favorable returns, thus making it popular for buying gold and other precious assets.

Also read | Thank the productivity paradox: AI isn’t the job killer it’s feared to be To some extent, this explains how HCL Tech bucked the trend. Its revenue growth outpaced that of Infosys and Wipro in all four quarters of the previous fiscal year, while it beat that of TCS in two quarter, and nearly equalled it in one. TCS’s human resources head said the company has been “focusing more on utilising the capacity that we have built over the prior years".

In this article

Joe Biden is running for reelection on a record and an agenda — often Donald Trump’s. In a hotel ballroom in Seattle, at fancy homes in California and at stops in Illinois and Wisconsin over the past week, Biden has been betting that reminding voters about Trump's presidency and highlighting his Republican opponent's latest campaign statements will work to the Democrat's advantage.

Dr Soumya Swaminathan, most recently WHO's Chief Scientist, has been named among the 10 exceptional individuals who will receive honorary degrees from Canada's prestigious McGill University as part of the Spring 2024 Convocation ceremonies. In 2017, Swaminathan joined the World Health Organisation (WHO) as Deputy Director General (Programmes), and, in March 2019, was named its first Chief Scientist, a role she filled through the Covid-19 pandemic until late 2022. More than two centuries old, McGill, a public research university in Montreal, grants honorary degrees to individuals «who have lifetime records of outstanding scholarly, scientific, or artistic achievement, or of exceptional contributions to the public good through professional or philanthropic activity,» an announcement by the University said. Want to know if you qualify for immigration? Click here Spring 2024 Convocation ceremonies would take place from May 28 to June 5, the announcement made late on Friday said. Swaminathan, 65, will receive the Doctor of Science, honoris causa (D Sc) in Health Sciences on May 28.

The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”

Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators

Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates ...