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Indonesia to Impose Limits on Sales of Imported Goods Under $100 to Safeguard Local Businesses-thumnail

Indonesia to Impose Limits on Sales of Imported Goods Under $100 to Safeguard Local Businesses

Indonesia to Impose a regulation to safeguard the interests of small and medium enterprises by placing restrictions, on online sales of imported goods valued below $100. This measure will be applicable to both marketplaces and retailers operating on social media platforms. As the country’s e-commerce industry flourished, reaching a value of $59 billion in the year authorities are now working collaboratively to enforce these rules and anticipate potential effects, on the sector.

Business

Jul 28, 2023

Shell Reports Profits Plunge by 56% Amidst Market Challenges-thumnail

Shell Reports Profits Plunge by 56% Amidst Market Challenges

Energy giant Shell (SHEL.L) announced on Thursday a significant 56% decrease in its second-quarter profit, bringing the figure down to $5 billion. This decline was primarily attributed to the drop

Economy

Jul 27, 2023

China export controls will hit companies’ revenue, says US commerce chief-thumnail

China export controls will hit companies’ revenue, says US commerce chief

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Business

Jul 27, 2023

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks-thumnail

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks

The specter of rising corporate debt defaults has long been disregarded by resilient credit markets, but now the fears are starting to materialize. Companies are facing downgrades to junk credit

Economy

Jul 18, 2023

China’s Economic Recovery Falters as Weak Demand Looms, Prompting Policy Stimulus Concerns-thumnail

China’s Economic Recovery Falters as Weak Demand Looms, Prompting Policy Stimulus Concerns

China’s economic expansion during the second quarter of the year has displayed indications of fragility as both internal and external demand experience a downturn. The post-pandemic momentum has deteriorated swiftly,

Economy

Jul 17, 2023

Goldman-Backed Fintech firm Raisin to Increase Deposits to €50 Billion-thumnail

Goldman-Backed Fintech firm Raisin to Increase Deposits to €50 Billion

German financial technology Fintec Firm Raisin, which aids savers in locating better rates, is wagering that the end of accessible, low-cost central bank funds would lead lenders to look for

Economy

Jul 17, 2023

The UK economy is likely to fall further behind the euro area next year-thumnail

The UK economy is likely to fall further behind the euro area next year

New predictions offer a dismal picture for the upcoming general election, showing that Britain’s economic growth will lag the euro area next year and that inflation will remain persistently high.

Economy

Jul 17, 2023

U.S. and India working on a platform to speed up energy transition: Janet Yellen-thumnail

U.S. and India working on a platform to speed up energy transition: Janet Yellen

According to U.S. Treasury Secretary Janet Yellen, the two countries are collaborating to create an investment platform to cut the cost of capital and boost private investment in order to accelerate India’s energy transition.

Business

Jul 17, 2023

Asia FX rises, dollar at 2-mth low with top Took care of rate in sight-thumnail

Asia FX rises, dollar at 2-mth low with top Took care of rate in sight

Most Asian monetary forms rose on Tuesday, while the dollar sank amid developing wagers that the U.S. Central Bank was near closing its rate climb cycle, with concentration additionally going

Economy

Jul 11, 2023

India forex swells up by $1.9bn to bn 595.1bn says RBI data-thumnail

India forex swells up by $1.9bn to bn 595.1bn says RBI data

India’s foreign exchange reserves rose by $1.9 billion to $595.1 billion as of June 30, according to Reserve Bank of India data. Foreign currency assets increased by $2.5 billion, while

Economy

Jul 8, 2023

Iberdrola Partners with Masdar for Offshore Wind Farm Development-thumnail

Iberdrola Partners with Masdar for Offshore Wind Farm Development

Spanish utility company Iberdrola (IBE.MC) has recently signed an exclusive agreement with Abu Dhabi’s Masdar to collaborate on the development of a significant offshore wind farm in the Baltic Sea,

Economy

Jul 5, 2023

MoS Rajeev Chandrasekhar claims that India won’t be impacted by China’s export restrictions on gallium and germanium-thumnail

MoS Rajeev Chandrasekhar claims that India won’t be impacted by China’s export restrictions on gallium and germanium

Gallium and germanium exports from China are being restricted; according to Minister Rajeev Chandrasekhar, a new India is engaging with the international community to create supply chains that are more resilient.

Business

Jul 5, 2023


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