Elon Musk, Tesla (NASDAQ:TSLA) Inc’s chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private. Musk’s testimony began with questions about his […]
International
China reports 1,219 new local cases of coronavirus in last 24 hours
The Chinese mainland reported 1,219 locally transmitted COVID-19 cases in the last 24 hours, the National Health Commission said on Monday. Of the new local infections, 1,086 were reported in Jilin, 50 in Shanghai, 12 in Liaoning, and 10 in Heilongjiang. A total of 56 imported COVID-19 cases were reported Sunday, said […]
Indian students stranded in Ukraine’s Sumy see ‘no ray of hope’
“It has been 10 days (since) we have been waiting here but there is no ray of hope (as to) when we will be evacuated,” says a distraught Indian medical student stranded in the embattled northeastern Ukrainian city of Sumy in a video message. There is no power, no water […]
Russia- Ukraine crisis: Rescue plans & a look at past evacuations
India sounded airlines on Monday to plan flights to evacuate Indians stuck in Ukraine. Under the Aircraft Act, the government can ask airlines to make their aircraft available during an emergency. While sources said Air India and SpiceJet had planned to operate four flights, all plans had to be canceled after the closure of Ukrainian airspace. Airlines executives said […]
UK bans Chinese envoy from House; Beijing slams ‘cowardly’ move
By Administrator_ India Capital Sands China’s Ambassador to the UK Zheng Zeguang has been barred from the UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities in Xinjiang, triggering an angry condemnation from the Chinese Embassy here. Zeguang was due to attend a […]
European banks still booking profits in tax havens, says report
By Administrator_ India Capital Sands Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from […]
ECB vows to persist with negative rates in bid to fuel inflation
By Administrator_ India Capital Sands The European Central Bank revised its guidance on when interest rates might rise to convince investors it won’t withdraw support too hastily and derail the economic recovery. The move is aimed at strengthening the ECB’s long-running efforts to push up inflation, but it also means policymakers won’t […]
Turkish Lira sinks after Tayyip Erdogan fires central bank chief
By Administrator_ India Capital Sands Turkey’s lira briefly fell 15 percent to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes. The news is set to further rock the economy of 82 million […]
Federal Reserve likely to forecast biggest economic boom in a generation
By Administrator_India Capital Sands Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for a historic experiment by US central bank policymakers. Fed Chair Jerome Powell and his colleagues are betting the economy can take off from the Covid-19 […]
IMF chief urges G20 action to reverse global economy’s dangerous divergence
By Administrator_India Capital Sands Group of 20 countries should take strong policy actions to reverse a “dangerous divergence” that threatens to leave most developing economies languishing for years, the head of the International Monetary Fund said. IMF Managing Director Kristalina Georgieva said “much stronger international collaboration” was needed to accelerate the rollout of Covid-19 […]