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Chinese Factory Activity Growth In January Slows With Waning Demand Due To Covid-19 Surge

As a recurrence of Covid-19 cases and severe lockdowns affected production and demand in January, factory activity in China slowed, but the tiny expansion showed some signs of resilience as the world's second-largest economy approaches a likely rocky new year.   According to data released by...

Bitcoin Slides To Six-Month Low Over Fears Of Russian Attack On Ukraine

With worries of a Russian attack on Ukraine prompting risky assets throughout the world to sell off, the largest cryptocurrency in the world – bitcoin, fell more than 7 per cent to its lowest value in more than six months on Monday.   The largest cryptocurrency is down 7.4 per cent at...

Singapore Authorities Issue Guidelines To Shield The General Public From Threats Of Crypto Trading

Authorities in Singapore want to shield the general public from making hasty investments in crypto-assets and losing money and the Monetary Authority of Singapore (MAS) has come out with guidelines for the companies providing cryptocurrency trading services, limiting what services they can offer to...

Monthly Subscription Prices Of Netflix Raised In The US And Canada

Monthly subscriptions for its consumers in the United States have been raised by Netflix Inc by $1 to $2 per month, depending on the subscription plan of a customer as the company plans to use the additional revenues for creating new programs and compete in the streaming TV industry which is...

FedEx’s Proposed Installation Of A321 Laser-Based Missile-Defense System Being Reviewed By US FAA

Parameters that would allow the global courier company FedEx to install a laser-based missile defense system on Airbus A321-200 planes were announced on Friday by the United States Federal Aviation Administration  (FAA).   The FAA noted in a document that FedEx Corp filed for...

Visa Survey Finds Crypto Payments Could Be Accepted By 25% Small Businesses Across Nine Countries

A recent survey by Visa Inc has revealed that almost 25 per cent of small sized businesses spread across nine countries around the world intent to accept cryptocurrencies as a mode of payments for products and services in 2022. The survey also found that about 13 per cent of the consumers in those...

Record High Of New Loans In China In 2021 At $3.13 Trln

Fresh bank lending for December in China declined more than predicted from the previous month, but credit for the entire year 2021 hit a new high as the central bank gradually increases policy assistance to cushion the weakening economy.   According to data provided by the People's...

Omicron Variant Has Higher 'Asymptomatic Carriage', Suggests Studies From South Africa

The Omicron variant of the coronavirus possessed a much higher rate of "asymptomatic carriage" when compared to the earlier variants of the virus which would be an explanation of the very high speed of its spreading throughout the world, showed preliminary findings from two South African clinical...

Worries About Oil Supply From Kazakhstan, And Libyan Push Up Oil Prices

On Monday, oil prices rose somewhat as supply interruptions in Kazakhstan and Libya outweighed concerns over the rapid global spread of Omicron infections.   At 0406 GMT, Brent crude was up 16 cents, or 0.2 per cent, to $81.91 a barrel, while WTI crude in the United States was up 15 cents,...

Record Sales Of Hybrid Electric Cars In The United States In 2021

While pure electric cars are generating headlines, industry data shows that their gasoline-electric hybrid counterparts had quietly reached record sales in the United States last year.   While auto companies such as Tesla Inc. and Ford Motor Co. promoted electric vehicle sales,...

UK Industry Group Forecast UK Car Market To Be Hit By Chip Shortage Throughout 2022

According to an automobile representative group of the United Kingdom, British car sales will be hit throughout this year and into 2023 because of the global semiconductor chip shortage, which had severely impacted auto production and supply to the market in 2021.   Compared to overall new...

Slowdown In Migration Of London Banking Jobs To EU Despite Brexit

Despite billions of euros in stock trading shifting to the European Union and London giving  up majority of its access to capital markets of the EU, the number of jobs in finance sector migrating away from the UK to the EU as a result of Brexit is lower than previously...
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