Strain Financial News
06.12 / 14:33
economy
pandemic
Equifax
cover
reports
strain
Posthaste: Canadians missing mortgage payments as credit card debt hits $113-billion record
Credit card debt ballooned to a new record in the third quarter as a higher cost of living squeezes Canadians and causes more people to miss loan payments, including their mortgages.
06.12 / 13:23
06.12 / 13:19
BLOCK
Platform
President
country
2020
strain
Slovakia's new government closes prosecutor's office that deals with corruption and serious crimes
Slovakia’s new government of populist Prime Minister Robert Fico has approved an amendment to the country’s penal code to close the special prosecutor’s office that deals with the most serious crimes and corruption
06.12 / 10:45
Digital
economy
Boeing
reports
strain
Bank of England says UK coping with higher rates for now but sees risks ahead
LONDON, Dec 6 (Reuters) — British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to the way banks fund themselves, the Bank of England said.
06.12 / 05:07
Remark
Nov
President
2020
strain
Auto retail sales grow by 18% in Nov; 2-wheeler, passenger vehicles reach all time high
Federation of Automobiles Dealers Associations (FADA) on Wednesday said that the auto sales in November grew by 18 per cent annually with a historic sale of 28.54 vehicles, surpassing March 2020 record of 25.69 vehicles. The apex body also said that the record sales come amid the industry's transition to BS-6 from BS-4 emission norms.
05.12 / 18:41
economy
Remark
information
reports
strain
Posthaste: Ontario's housing market is almost as loose as the great 1990s meltdown
Ontario’s housing market is raising red flags.
05.12 / 13:55
Platform
Assurant
Discover
Nov
cover
social
strain
Zerodha co-founder Nikhil Kamath apologizes for two consecutive tech issues in last two months, tells what went wrong
business updates post I shared in August this year, I mentioned how we hadn’t had any large tech issues for a couple of years. Unfortunately, we have had two episodes in quick succession in the last two months, affecting between 5 and 20% of our active customers. As a broker, we have multiple external dependencies.
04.12 / 12:33
FIVE
Ripple
Action
show
reports
strain
What the RBI’s risk-weight rejig could achieve, explained in charts
₹50,000) and reports of rising delinquencies among small borrowers all point to a strain on household finances. Since about 80% of annual household borrowing is from banks and the rest from NBFCs, the RBI action may address the household debt problem to the extent that it limits funding from these sources. Banks have always been central to our financial system, but the systemic importance of NBFCs has increased in recent years as they have caught up with banks on various metrics.
04.12 / 12:03
Merit
economy
pandemic
country
social
strain
Opinion: Don't blame immigration for inflation and high interest rates
In the 12 months ending in March 2023, Canada welcomed nearly 1.2 million new people, a record for a one-year period. For 2023, population growth is expected to surpass three per cent, a 65-year high.
04.12 / 06:41
BLOCK
Boeing
Bill
innovations
strain
Defence minister says plan in talks for ‘significant’ military investments
Bill Blair says he is committed to pushing for increased investment in the Canadian Armed Forces (CAF) after two top commanders sounded the alarm recently on operational readiness.Last week, Chief of the Defence Staff Gen. Wayne Eyre said military resources are strained amid increased calls for assistance in natural disasters and recruiting challenges.On The West Block, Blair told host Mercedes Stephenson that how the government addresses these challenges is part of an ongoing discussion.“We have brought forward a plan that’s very much in discussion right now within our government about making significant new investments,” Blair said.“We’re going to do more.
04.12 / 06:23
Dash
Extreme
SEC
Bill
2020
reports
strain
Is the world’s most important asset market broken?
Debt-ceiling brinkmanship has pushed America towards a technical default. Rising interest rates and incontinent spending have seen debt balloon: the country’s total stock of it now amounts to $26.6trn (96% of gdp), up from $12.2trn (71% gdp) in 2013. Servicing costs come to a fifth of government spending.
04.12 / 05:03
Fighting
BAY
Southern
country
information
gatherings
strain
China’s Myanmar conundrum: Latest unrest in Myanmar means more complications for Beijing
Myanmar, China’s gateway to the Bay of Bengal region, has emerged as a headache for Beijing in the backdrop of recent conflicts along the common land border. On November 24, there was an attack on a convoy of trucks bringing goods into Myanmar from China and this was followed by live-fire drills by the Chinese PLA along the China-Myanmar border on the very next day. These developments coincided with China’s Ambassador Chen Hai’s meeting with Myanmar’s Foreign Minister Than Swe.
04.12 / 02:21
Fighting
BAY
Southern
country
information
gatherings
strain
Myanmar: A strategic challenge for China amid border tensions
Myanmar, China’s gateway to the Bay of Bengal region, has emerged as a headache for Beijing in the backdrop of recent conflicts along the common land border. On November 24, there was an attack on a convoy of trucks bringing goods into Myanmar from China and this was followed by live-fire drills by the Chinese PLA along the China-Myanmar border on the very next day. These developments coincided with China’s Ambassador Chen Hai’s meeting with Myanmar’s Foreign Minister Than Swe.
03.12 / 14:27
Target
Digital
pandemic
country
reports
strain
There is more to India's mystery of raised employment post-pandemic
Bank of India (RBI) forecasts retail inflation to average 5.4% in 2024-25. That would make it four straight years of higher inflation than RBI’s target of 4%. While inflation remains on the higher side, economic growth, though robust, has not been in double digits since the pandemic and was muted before that, but India’s employment rate has increased, according to Periodic Labour Force Surveys (PLFS) data.
03.12 / 09:55
03.12 / 05:57
Provident
economy
Healthcare
Bill
cover
hospital
strain
Should you opt for family health insurance over individual health plans? MintGenie answers
health insurance coverage. The anxiety surrounding the risk of falling seriously ill and facing significant medical expenses can be daunting, particularly for individuals lacking sufficient health insurance. Given these apprehensions, it is essential to underscore the significance of possessing comprehensive health insurance coverage.
30.11 / 23:19
Waves
Target
Compilation
cover
reports
strain
TD Bank cutting thousands of jobs amid ‘challenging environment’
TD Bank Group said it’s cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.
30.11 / 19:11
30.11 / 13:42
Provident
FIVE
economy
Nov
President
show
strain
Rosenberg sees Bank of Canada slashing interest rate to avert household debt crisis
Historic levels of household debt are straining the finances of Canadians to the point that it will be impossible for the Bank of Canada to keep interest rates at current levels for long, according to prominent economist David Rosenberg.
30.11 / 08:55
Provident
BTC
BLOCK
Trust Wallet
Bitcoin
strain
Trust Wallet Warns Users May Face Transaction Delays and Missing History Amidst Bitcoin Node Instability
Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history.
30.11 / 08:45
Booking
Williams
Royal Family
reports
strain
Kate Middleton can’t trust Prince Harry-Meghan Markle anymore, new book says
racism within the Royal Family, Prince William publicly stated, "We are very much not a racist family." He also said that he would speak to Harry about the Oprah interview. However, William and Kate never addressed these issues directly with Harry and Meghan.
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