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August 31, 2022
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Mikhail Gorbachev, Soviet leader who helped end the Cold War, has died

Mikhail Gorbachev, the final leader of the Soviet Union and a reformer who helped end the Cold War and lead his country from communism to capitalism, died Tuesday at 91, according to the Gorbachev Foundation. “Mikhail Sergeevich Gorbachev died this evening after a serious and long illness,” the Central Clinical Hospital reported, according to the Interfax […]

U.K. Inflation Accelerates to Its Fastest Pace in Six Months

By Ritu Capital Sands U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked up to 1.6%. […]

UK jobs growth jumps again despite broader economic slowdown

By Ritu, Capital Sands The number of people in work in Britain jumped again in the last three months of 2019, according to data which underscored how the labor market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the […]

China’s NHC: Novel coronavirus is preventable and treatable

By Ritu, Capital Sands At a daily press conference on Monday, Guo Yanhong, a hospital administration supervisor at China’s National Health Commission (NHC) said that that novel coronavirus is preventable and treatable. The percentage of infected patients in virus epicenter Wuhan who are critically ill had dropped to 18% now from 38% at the beginning […]

Yes Bank delays quarterly results; shares up amid fresh fund raise talks

By Ritu, Capital Sands Troubled Indian lender Yes Bank Ltd said it will delay disclosing its October-December earnings by at least a month, and that it was in talks with potential investors for a cash infusion, sending its shares up almost 6% in Thursday trade. Yes Bank, in a regulatory filing late on Wednesday, said […]

Euro-Area Industrial Output Slumps Most in Almost Four Years

By Ritu, Capital Sands A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter […]

Oil prices rise as new virus cases slow, easing Chinese demand concerns

By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]

Gold Climbs After WHO Chief’s Stark ‘Tip of the Iceberg’ Warning

By Ritu, Capital Sands Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the […]

India’s divisive protests could help Modi’s BJP in Delhi election test

By  Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since deadly anti-government protests erupted nearly two months ago, with the divisive turmoil likely to win them votes at polls in the capital. Modi’s Hindu-nationalist BJP won a bigger majority in a general election in May, […]