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Showing posts with label ECONOMIC. Show all posts
Showing posts with label ECONOMIC. Show all posts

Dr. P. Nandalal Weerasinghe assumes duties as the 17th Governor of the Central Bank of Sri Lanka (CBSL).

Dr. P. Nandalal Weerasinghe assumes duties as the 17th Governor of the Central Bank of Sri Lanka (CBSL).
Dr. P. Nandalal Weerasinghe assumes duties as the 17th Governor of the Central Bank of Sri Lanka (CBSL). Dr. Weerasinghe is a career central banker, with extensive experience in Monetary and Exchange Rate Policy. Dr. Weerasinghe was promoted as Deputy Governor on 27 Septemb…
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India-Australia Interim Free Trade Deal "IndAus ECTA".

India-Australia Interim Free Trade Deal "IndAus ECTA".
Union Commerce Minister Piyush Goyal and Australian Trade Minister Dan Tehan on Saturday (2 April) signed the much-awaited India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) in a virtual ceremony in presence of Prime Minister Narendra Modi and Australian…
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Elon Musk, is on a track to become the world’s first trillionaire.

Elon Musk,  is on a track to become the world’s first trillionaire.
Elon Musk, the richest human in the known universe, is on track to become the world’s first trillionaire.  As of March 28, 2022, Musk has a net worth of $256 billion, according to Bloomberg. A recent analysis by Tipalti Approve found that the SpaceX founder’s fortunes are cu…
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"Sobadanavi" adds 350 MW to the national grid.

"Sobadanavi" adds 350 MW to the national grid.
The "350 MW" Natural Liquefied Petroleum Gas (LNG) Power Plant is expected to add 200 MW to the national grid by next year.  The 350 MW Sobadanavi Dual Cycle Power Plant in Kerawalapitiya is currently under construction. The power plant, which was proposed to be bu…
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Mario Marcel wins the Governor of the year award 2022.

Mario Marcel wins the Governor of the year award 2022.
Mario Marcel, the Governor of the Central Bank of Chile, has won the Governor of the year award at the Central Banking Awards 2022. Banco Central de Chile is the name of the central bank of Chile. When Mario Marcel was named governor of the Central Bank of Chile (BCCh) in Oc…
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Russia considers accepting Bitcoin for oil and gas.

Russia considers accepting Bitcoin for oil and gas.
Russia is considering accepting Bitcoin as payment for its oil and gas exports. Pavel Zavalny says "friendly" countries could be allowed to pay in the crypto-currency or in their local currencies. Earlier this week, Russian President Vladimir Putin said that he want…
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Axis Bank won ‘Asian Bank of the Year’ at IFR Asia Awards 2021.

Axis Bank won ‘Asian Bank of the Year’ at IFR Asia Awards 2021.
India’s third-largest private sector bank, Axis Bank has been awarded IFR Asia’s Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space. The award acknowledges the bank’s outstanding performance in equity and debt is…
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Hurun Global Rich List 2022.

Hurun Global Rich List 2022.
SpaceX and Tesla founder Elon Musk has bagged the top position on the 2022 M3M Hurun Global Rich List, with a total net worth of $205 billion. The 2022 M3M Hurun Global Rich List is published by research and luxury publishing group Hurun India in association with realty fir…
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The World’s Biggest Arms Importers.

The World’s Biggest Arms Importers.
According to recent numbers by the Stockholm International Peace Research Institute, India was the world’s biggest arms importer in the past five years, ahead of Saudi-Arabia, Egypt, Australia and China. Australia especially has been one of the countries stepping up its def…
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Pakistan should continue to be placed in FATF Grey List.

Pakistan should continue to be placed in FATF Grey List.
The global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF), retained Pakistan in the grey list and asked the country to work on money laundering investigations and prosecutions. FATF also added the United Arab Emirates (UAE) to its grey…
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Brent crude oil price reached 14-year high at $130 a barrel.

Brent crude oil price reached 14-year high at $130 a barrel.
Crude oil prices surged nearly 10% on Sunday evening to top $130 a barrel on fears of a supply crunch. Oil’s relentless price rise comes on the back of fears about a supply crunch after American Secretary of State Antony Blinken told NBC’s “Meet the Press” on Sunday that the…
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Microsoft suspends sales in Russia.

Microsoft suspends sales in Russia.
Microsoft is suspending all new sales of products and services in Russia, in a major addition to the trend of companies cutting ties over the invasion of Ukraine. The company said it was also stopping “many aspects of our business in Russia in compliance with governmental sa…
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2022 International IP Index.

2022 International IP Index.
The 10th Annual International IP Index benchmarks the IP framework in 55 global economies across 50 unique indicators. Out of the 53 economies included in both the ninth and tenth editions, 45 economies saw a net improvement in their scores. United Arab Emirates (UAE), Niger…
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US, EU, UK decided to eliminate selected Russian banks from SWIF.

US, EU, UK decided to eliminate selected Russian banks from SWIF.
Canada, U.S.A. and their European allies have come to a conclusion to remove the key Russian banks from the Interbank messaging system (IMS) of SWIFT. This is a very big step that will cut off the country from much of the worldwide financial system. SWIFT stands for Society …
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Chamath Palihapitiya resigns as chairman of Virgin Galactic.

Chamath Palihapitiya resigns as chairman of Virgin Galactic.
Billionaire investor Chamath Palihapitiya, who was one of the executives to help take Virgin Galactic public, has stepped down as chariman of the company. Virgin Galactic, founded by Virgin Group's Richard Branson, went public through a special purpose acquisition compan…
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Chernobyl power plant captured by Russian forces.

Chernobyl power plant captured by Russian forces.
The Chernobyl nuclear power plant has been captured by Russian forces, an adviser to the Ukrainian presidential office, Mykhailo Podolyak, said on Thursday. "This is one of the most serious threats in Europe today," Podolyak said. Russian troops took over the power …
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JPMorgan is the first bank to enter the Metaverse.

JPMorgan is the first bank to enter the Metaverse.
JPMorgan has become the world’s first bank to set up shop in the metaverse. The largest bank in the US has opened a lounge in the blockchain-based world Decentraland. Users can create their virtual avatars, build virtual spaces and roam in the lounge christened ‘Onyx Lounge…
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Economist Intelligence Unit's Democracy Index 2021.

Economist Intelligence Unit's Democracy Index 2021.
The Democracy Index is based on 60 indicators, grouped into five categories: electoral process and pluralism, civil liberties, functioning of government, political participation and political culture.. Countries are given a rating on a zero to ten scale, and the overall inde…
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Global gold demand rises 10% to 4,021 tonnes in 2021.

Global gold demand rises 10% to 4,021 tonnes in 2021.
Global gold demand rose 10 per cent to 4,021.3 tonnes in 2021 on account of a massive 50 per cent surge in year-on-year demand -- a 10-quarter high -- during the December quarter, a report by the World Gold Council (WGC) said. The overall gold demand during 2020, which was i…
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Mark Zuckerberg loses $29bn overnight as people abandon Facebook

Mark Zuckerberg loses $29bn overnight as people abandon Facebook
Mark Zuckerberg saw $29bn (£21.4bn) wiped from his net worth when Meta share prices collapsed following its latest quarterly report. Shares of Meta dropped nearly 25 per cent in after-hours trading after the firm announced lower-than-expected revenue figures, as well as a de…
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