India's 8.5% economic growth rate has some "fluff' in it, according to former Reserve Bank of Governor Raghuram Rajan.
"A Lack Of Job Security": White-Collar Job Growth Stalls Hard While hiring rates for those in the bottom-third of US income distribution has been on a tear (and largely going to part time workers, most of whom are illegal immigrants), white collar jobs hiring is stalling out across much of the US, with industries such as finance, technology, media, and professional services such as law and accounting all suffering despite the national unemployment rate hovering near historic lows. ...
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
In recent years, the rightful rejection of the policies promoted by the traditional imperialist powers (North America, Western Europe and Japan), followed by the announcements made by the BRICS (Brazil, Russia, India, China and South Africa), have aroused great interest and expectations of major changes, including the creation of a common currency to challenge the More
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
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Block, owner of Cash App and Square, is also a huge owner of bitcoin. This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment in bitcoin grew by around 160% and stood at $573 million at the quarter’s end. “We believe the world needs an open protocol for money, one that’s not owned or […]
Rep. Ro Khanna (D-Calif.) defended Speaker Mike Johnson (R-La.) on Sunday, saying he “deserves to keep his job” as he faces down a threat to remove him after backing aid for Ukraine and Israel. Rep. Marjorie Taylor Greene (R-Ga.) leads a group of three GOP members who have signed onto a motion to vacate the
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. The bank stated this in a statement signed and made available to PUNCH Online by its acting company secretary, Adewale Arogundade, on Sunday. PUNCH Online earlier wrote that the former managing director of First Bank Nigeria Read More
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Saltaire-based business Fleetondemand, the UK’s leading provider of ground transport services and technology, has announced the appointment of two new Business Development Directors to support the firm’s continued growth strategy. The new recruits, Luke Simpson and Shaun Ravin, will be responsible for building relationships with new clients throughout the UK, introducing them to Fleetondemand’s award-winning GT Suite ground transportation platform with fully integrated vehicle rental, taxi,...