Pandemic Financial News

Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners, Royal Bank of Canada says in a new report.

WEST PALM BEACH, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of the second quarter despite recent «hotter than expected» inflation data, according to Kristina Hooper, chief global market strategist at Invesco.

India a premier hub for scientific learning by drawing in global best practices and sharing its knowledge and experiences with the world. «The coming years until 2047 is a period that is crucial to realise our vision of building a strong, self-reliant nation, where the scientific community in particular, especially our youth, will play a defining role,» the prime minister said in a message to a report encapsulating the scientific achievements of the past decade. The report — 'A Decade of Science: Technology Panorama for Aatmanirbhar Bharat' was compiled by the Office of the Principal Scientific Adviser to the Union Government and NGO Foundation for Advancing Science and Technology (FAST India) — and released by Science and Technology Minister Jitendra Singh on Thursday. The report highlights India's sustained efforts in science and technology, particularly in fields such as infrastructure, defence, energy sector and heavy industries.

LONDON (Reuters) — The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions provide a short-term boost.

population census, according to people familiar with the matter. The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi’s office in the past month, the people said, asking not to be identified as the discussions are private. These include reviving its survey of businesses, last released in 2014, and publishing the household consumption survey on an annual basis, the people said. It also plans to introduce a uniform base year for key indicators and update the basket of goods for calculating inflation, they said.

In the wake of unprecedented global challenges, India’s residential real estate sector has shown remarkable resilience, laying the foundation for a promising 2024. Despite the challenges posed by the global pandemic and various economic uncertainties, early indicators suggest that 2024 could emerge as a resilient and promising year for the industry.

All schools were shut in March 2020 as covid engulfed the world. In India, schools did not return to normalcy till January 2022. Four years after the pandemic hit, it is useful to take stock of where we are and what we have learnt.

Antarctica sees first bird flu case, confirms scientists The professor said that H5N1 has spread in 26 countries since 2020 and mammals are falling victim to the virus. As many as 882 cases of bird flu were reported in humans across 23 countries in 2020, resulting in a worrying fatality rate of 52%, the report mentioned.

beneficiaries of the PM SVANidhi scheme at JLN Stadium in the national capital on Thursday. According to the Prime Minister's Office, PM Modi will also distribute loans under the scheme to 1 lakh street vendors (SVs), including 5,000 SVs from Delhi on this occasion. The Prime Minister will also lay the foundation stone of two additional corridors of Delhi Metro's Phase 4 during the programme.

Justin Trudeau’s government will end up tapping the bond market for around $250 billion in debt next year, one of the country’s biggest lenders says.

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.

NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

Housing and Urban Development Deputy Secretary Adrianne Todman will serve as acting secretary when Marcia Fudge's resignation takes effect March 22

FRANKFURT (Reuters) — Lufthansa's cabin crew union has called on its members to strike at Lufthansa and short-haul carrier CityLine on Tuesday and Wednesday to press their demands for higher pay.

Quiver Quantitative — Jamie Dimon, CEO of JPMorgan (JPM), recently expressed caution about the U.S. economic outlook, suggesting that a recession could still be a possibility. Speaking at the Australian Financial Review Business Summit, Dimon remarked that while many are expecting a soft economic landing, the chances of such an outcome might be lower than anticipated. He voiced concerns about stagflation, a scenario where inflation and unemployment rise simultaneously while economic growth stalls. Dimon’s comments come at a time when economic indicators have been skewed due to the Covid-19 pandemic, leading him to advise the Federal Reserve to wait for more clarity before cutting interest rates.

The world’s original cryptocurrency, Bitcoin, scaled a fresh peak on Monday. It touched $72,234 per token, whipping past its pandemic summit of almost $69,000 back in November 2021. It lost about three-fourths of its value in a prolonged slump after that, with cryptosceptics gloating over the deflation of an ‘asset’ with neither any intrinsic value nor yield.

Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year.

NEW DELHI : India’s tourism sector is yet to recover from the pandemic years, with international travellers who bring in higher tourism dollars preferring other countries in the Asia-Pacific region over domestic destinations. Despite a resurgence of global travel last year, India welcomed only about 7.24 million international travellers in 2023, according to the ‘India State Ranking Survey’ by hospitality consultancy Hotelivate and The World Travel & Tourism Council (WTTC). Prior to the pandemic, in FY20, India received about 10.93 million international travellers, as per India’s tourism ministry. Of them, about 6.98 million were non-resident Indians visiting family and friends back home.

Sales of luxury watches suffered a “severe downturn” last year as well-heeled buyers turned cautious amid geopolitical concerns and fading enthusiasm for pricey timepieces, a new report has found.

Mint. Talwar has been the company's regional head for the visa business for Europe. Talwar joined the company in 2006 and has worked in the company's New Delhi, Kuala Lumpur, UAE and London offices.