Business
‘UK will collapse into a year-long recession by the end of 2022’
London, Aug 4 The UK will collapse into a year-long recession by the end of 2022 -- its longest since the 2008 financial crisis and as deep as the one in the 1990s -- with inflation peaking at more than 13 per cent stoked by the soaring price of gas ...Food prices soaring across developing world amid Ukraine crisis
London, Aug 2 Food inflation has soared across much of the developing world since Russia's invasion of Ukraine and has trapped several richer countries in a cycle of rising prices, a report by the World Bank has found, the media reported. The Washington-based development organisation said the war in eastern ...Essar strikes landmark supply deal with Liverpool airport
Liverpool, Aug 2 Essar Oil (UK) Limited, which owns and operates the Stanlow refinery in Ellesmere Port, has today announced it has signed a major new agreement with Liverpool John Lennon Airport for the direct supply of aviation fuel to commercial airlines. The new access agreement will allow Essar to ...Reliance Jio leads 5G spectrum auction with Rs 88,078 cr: Ashwini Vaishnaw
New Delhi, Aug 1 Mukesh Ambani-led Reliance Jio emerged the top bidder in India's 5G spectrum auction, acquiring 24,740 MHz spectrum worth Rs 88,078 crore, IT Minister Ashwini Vaishnaw announced on Monday. Sunil Mittal's Bharti Airtel was the second-highest bidder with 19,867 MHz spectrum in various bands worth Rs 43,084 ...Amazon reduces headcounts by 1 lakh, sees stabilisation in workforce
San Francisco, July 30 Amazon has reduced its direct workforce by nearly 1 lakh, the largest sequential drop in its history, primarily at its fulfillment centres and distribution network. The e-commerce behemoth still employs over 15 lakh people, highest in the tech world. According to Brian Olsavsky, Chief Financial Officer, ...US economy not sinking into recession: Biden, top officials
Washington, July 29 US President Joe Biden and top officials of the government have dismissed fears of the countrys economy sinking into a recession as doubling down of the GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession as unemployment rate was below ...US economy contracts again amid fears of recession
New York, July 28 The US economy shrank again in the second quarter, the Bureau of Economic Analysis said on Thursday, media reports said. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9 per cent on an annualised basis from April to June. That decline marks a ...US Senate passes historic $280 bn bill to cut chip dependency on China
Washington, July 28 In a historic move to end dependency on China when it comes to semiconductors, manufacturing and other technologies, the US Senate has passed a $280 industrial policy bill. The measure passed 64 to 33, with 17 Republicans voting in favour, The New York Times reported on Wednesday. ...Boeing forecasts demand for 2.1mn new commercial aviation personnel over 20 yrs
Chicago, July 26 US aerospace major Boeing's 2022 Pilot and Technician Outlook forecasts demand for 2.1 million new aviation personnel over the next 20 years to safely support the recovery in commercial air travel and meet rising long-term growth. The company said on Monday that the long-term forecast shows that ...UK restaurant insolvencies jump by over 60% as customers cut back on spending
London, July 25 The number of UK restaurants falling into insolvency has increased by more than 60 per cent in the past year amid worker shortages and the cost of living crisis, which has forced customers to cut back on spending, media reports said. New data from the accountancy firm ...
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