Author: Deepakshi Chaudhary
Richard Clarida, the vice-chair of the federal reserve, has decided to step down. This is the third resignation after the resignation of two presidents of fed regional banks, the Fed officials cited conflict of interest due to their questionable trading activities during the (2020) recent trading scandal that has shaken the fed. In an announcement released Monday afternoon, Clarida said he will be stepping down from his post this Friday. His term expires on Jan. 31.The federal reserve, the central bank of the USA, is always keenly observed and followed by the central banks around the world, due to the…
The global real estate conglomerate – the Sternon Real Estate has taken steps to expand its stronghold in the UAE and become a part of the UAE’s growth process. The UAE has been focusing on strengthening its economy by making it oil independent. It has undertaken many policy reforms to encourage investors to invest in the economy. It has made several changes in the personal laws to accommodate foreign investors. This huge step by sternon, whose vast empire is already headquartered in the UAE is a welcoming step. The Sternon specializes in world-class residential and commercial projects. This very vast…
Conagra brand CEO Predicts the existence of inflationary tendencies even after the recent variant of Coronavirus is contained. And hence the necessity to draw a framework to tackle both issues. Hysteresis Effect in economics refers to the effects that persist even after the initial cause that gave rise to the effects is removed. This effect is majorly used for two economic phenomena-unemployment and international trade. Here, it’s neither of the two but is used to explain the aftermath of coronavirus. How effects stay for extended time periods, even after coronavirus is contained. The CEO predicted that the inflationary pressures on…
Mozilla, creator of the Mozilla Firefox browser has come under scanner and scathing criticism after the revelation of accepting donations in bitcoin for over half a decade. Raising the issues of promoting environmental degradation. The Not for profit organization Mozilla, also the creator of the widely used browser- Firefox, has faced scathing criticism from one of its ex- founders-Jamie Zawinski for accepting donations in the popular cryptocurrency – Bitcoin. The criticism is due to the impact of bitcoin mining on the environment and promoting inequality in the world as the wealth generated due to the cryptocurrency is available only in…
The prospect of the Federal Reserve tightening the policy stance, with a triple action process, Triple Threat has caused a wave of worry and uncertainty across the market-leading it to overreact in anticipation. The reserve banks around the world always have a keen eye on the policy stance undertaken by the Federal Reserve of the USA. This is due to the fact that the policy stances by the central bank of the USA have an effect on the economies around the world due to widespread globalization, which has led to the development of interdependence among the nations around the world.…
As the UAE looks towards diversifying its economy, the deepening of trade ties with the world’s most developed economy could open the door for many more fruitful engagements in subsequent time periods. The USA and the UAE aim to explore deeper trade relations by developing mutual cooperation and investments, which could promote greater participation in the private sectors by both economies. The UAE and the USA are both producers and exporters of hydrocarbons. The UAE is ranked 19th in the world, with respect to the receipt of the USA’s exports. In the past year, the imports for the UAE amounted…
As the UK moves towards a green future, trying to establish a balance between economic growth and the environment, its market faces lacunae of chips. This could lead to a setback to its commitment towards nature. According to the Society of Motor Manufacturers and Traders (SMMT), around one in every six new cars sold in the UK in 2021 will be either a battery-electric (BEV) or a plug-in hybrid (PHEV), and overall new car registrations will increase by about 1% to 1.65 million units, up from 1.63 million in 2020. Climate change and its subsequent effects, such as the melting…
By 1 p.m. London time on Wednesday, the front-month gas price at the Dutch TTF hub, a European benchmark for natural gas trading, was around 5% higher. With Europe facing a gas price surge, it threatens the region and the UK industries’ cost and even survival for many. And the ongoing energy crisis may get even worse leading to new economic issues. Several small and medium-sized firms in the United Kingdom told CNBC on Wednesday that increasing energy costs will be a further blow to their already struggling operations. The UK already has a very long list to tackle to…
The biggest US phone firms sided with the US government in delaying the rollout of 5G services in the following week due to issues related to the aviation ministry. The two biggest phone companies in the USA – AT&T and Verizon- agreed to delay the rollout of C-bandwidth wireless signals due to concerns the Federal Aviation Administration put forward regarding Aviation safety by two weeks. The two biggest aeroplane makers: Boeing and Airbus, raised concerns regarding the 5G adversely affecting the ability of aircraft to operate safely and causing massive disruptions and delays. Therefore, they requested a two-week delay in implementation…
With, 4.5 days work week, enhancing social well being, boosting productivity and so on. The UAE aims to become an attractive destination for investors. With the eagle-eyed focus towards diversifying the economy and attracting foreign investment, the UAE has taken several measures till now. Ranging from changing legislations- longer term visas , changes in laws regarding cohabiting before marriage, alcohol and personal status- in order to accommodate investors to abolishing monopolies. The latest measure being a 4.5 days work week, extending weekend from Friday afternoon till Sunday. Under the new work week for government entities, Friday working hours would end…