Author: Anjali Singh

 Dubai: The government of Bahrain has raised VAT by 10 percent on all goods taxable under Bahraini law, local media reports. Due to non-compliance with VAT requirements, 12 stores were shut down. This comes two years after Bahrain imposed a 5-percent tax on taxable goods in an attempt to cut budget deficits and re-stabilize the Fiscal Balance Programme impacted by COVID-19. A VAT increase in the next few years could boost the government’s revenues by about 3 percent of gross domestic product from about 1.7 percent in 2021, according to a recent estimate by rating agency S&P Global Ratings. There…

Tesla and SpaceX CEO Elon Musk sold another 934,090 shares, or roughly $1.02 billion, in his electric vehicle and solar business, according to financial records released late Tuesday(20-12-2021). Musk was given the option to buy approximately 1.6 million Tesla shares at a strike price of $6.24 per share as part of a 2012 compensation package. According to the Wall Street Journal, Musk increased his Tesla stock holdings from 170.5 million to over 177 million shares this quarter by exercising options. Elon Musk, the CEO of Tesla, has been on a selling frenzy since November 8, mainly to cover his looming…

From January, workers at California’s major companies will be paid a minimum wage of $15 an hour. Fast-food workers have been striving for it since 2012. But poverty watchdogs aren’t satisfied. Citing rising inflation and soaring living costs, they want more. A campaign to get enough signatures in California to put a ballot initiative on the November ballot is being financed by activist and investor Joe Sanberg. By 2026, Sanberg, who has addressed running for president, wants the state’s minimum wage to reach $18 an hour for all businesses. “We were a leader in advocating for a $15 minimum wage,…

Economists fear that the coronavirus outbreak has ushered in a new era of inflation inequity, with the poor suffering the brunt of rising costs. That’s because a significant portion of their money was allocated to cost-increasing areas. For example, food prices have grown by 6.4 percent in the last year, but gasoline prices have surged by 58 percent. Many customers are seeing their prices rise as federal stimulus programmes fade away. Most customers, according to Chris Wimer, co-director of Columbia University’s Center on Poverty & Social Policy, are looking for methods to stretch a dollar. As a result, families will…

In Dubai, ColossalBit, the company that develops cryptocurrency, blockchains, and NFTs, has opened MetaTerrace, a lounge restaurant in the Central Park Towers, Dubai International Financial Centre (DIFC).  Using the principle of the metaverse, MetaTerrace describes itself as a “one-of-a-kind” institution that combines the digital and physical worlds. Launched on Thursday. December 30, MetaTerrace is a treat for night party owls. The lounge-restaurant, which is based on the virtual world (metaverse), provides a unique opportunity for nightlife fans to see what the digital future will look like. A “metaverse experience” will be provided by a VR room on the MetaTerrace. People…

Northvolt, a Swedish battery manufacturer, stated on Wednesday that it has produced the very first lithium ion unit inside its Skelleftea factory, meeting its goal of starting production by the end of 2021. Northvolt, which competes with Tesla’s battery division and is valued at $12 billion by investors, announced in June that it had created the world’s first battery of its kind inside a European gigafactory. Gigafactories are large battery plants with annual output in gigawatt-hours (GWh). The facility, Northvolt Ett in Skelleftea, is expected to produce 60 GWh annually. Northvolt said that the gigafactory produced the battery on Tuesday. …

How Does LinkedIn Profile Help to Grow Your Career? We all know various social networking sites, but when it comes to career or business growth, the first name that comes to our mind is LinkedIn. Why so? What is so special about LinkedIn? LinkedIn is unlike any other app people use for posting pictures or scrolling memes. LinkedIn is a place that cares about your professional life. LinkedIn is the place for you if you’re finding it difficult to discover people in your domain. If you’re confused about how a LinkedIn profile can help you, this article is for you.…

GoDaddy stock rose after activist investor Starboard Value purchased a 6.5% stake in the web services company. As per regulatory filings, Starboard bought 10,000 shares of GoDaddy, valued at around $800 million.  Making it the hedge fund’s largest holding. In premarket trading, GoDaddy shares, which have fallen 8% so far this year, climbed 2.6%.  According to the filing, Starboard said GoDaddy’s shares were undervalued and represented an attractive investment opportunity. It was first reported by the Wall Street Journal that Starboard had acquired the stake. The report also stated that Starboard was pushing the company to improve its performance. The…

Homebuyers can borrow up to seven times their income – far above the traditional maximum – from a mortgage lender. Allowing them to buy a home, they did not previously think would be within reach. Compared to the typical four- to the five-times-salary ratio in the industry, Habito’s new formula for determining how much people can borrow is significantly higher. However, it could also ignite a debate about responsible lending practices as some buyers may be able to scale up their property-buying ambitions. The more generous terms, however, apply only to people who take out one of the company’s fixed-for-life…

Stocks of Airlines- After a surge in weekend cancellations due to staffing issues, the major airlines saw their shares slip in the premarket. United Airlines (UAL) fell 1.8%, American Airlines (AAL) fell 1.4%, Delta Air Lines (DAL) fell 1%, and Southwest (LUV) declined 1.5%. Stocks of major cruise lines – After three outbreaks of Covid-19 on Carnival (CCL) and Royal Caribbean (RCL) ships in the past week, stocks of major cruise lines declined in premarket trading. Carnival was down 2.2% in premarket trading, while Royal Caribbean was down 1.9% and Norwegian Cruise Line Holdings (NCLH) slid 1.6%. GoDaddy- A Wall…