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A strange news report briefly rattles the Adani Group thumbnail
Business
A strange news report briefly rattles the Adani Group

The episode also throws light on a quirk of Indian corporate ownershipTHE ADANI GROUP underpins swathes of India’s economy. The family-controlled conglomerate’s businesses include airports, energy and natural resources, among other critical infrastructure. Its founder, Gautam Adani, is the world’s 14th richest man, worth some $72bn, according to Bloomberg. In terms of perceived ability to…

The smart way for states to end pandemic unemployment insurance thumbnail
Business
The smart way for states to end pandemic unemployment insurance

Faced with concerns about getting people back to work, more US governors are landing on the obvious solution: Pay them.And no, we’re not talking about higher wages, although that works. In this case, lawmakers in states like Maine, Arizona, Kentucky, and Connecticut are all launching programs that use expanded unemployment benefits into a one-time bonus…

Hashtag Trending, June 17, 2021 thumbnail
Business
Hashtag Trending, June 17, 2021

With files from Jori Negin-ShecterMicrosoft’s upcoming Windows 11 OS leaks online, Amazon executives worry about high employee turnover, and the Biden administration forgives student debt for Tech students.It’s all the biz/tech news that’s popular right now. Welcome to Hashtag Trending! It’s Thursday, June 17 and I’m your host Alex Coop.An early version of Microsoft’s Windows…

Bitcoin / Ethereum Analysis – Trading Data Reveals Stable to Positiive Future Short-Term Outlook thumbnail
Business
Bitcoin / Ethereum Analysis – Trading Data Reveals Stable to Positiive Future Short-Term Outlook

Analysis of trades on blockchain-based derivatives trading platform CloseCross reveals that general distribution of the predictions and the money committed to predictions for the price of Ethereum and Bitcoin show that almost all traders are eyeing ETH to either remain stable or increase in value. There was hardly any interest in the downward price. This…

Inventory Rebounds Amid Record Home Value and Rent Growth thumbnail
Business
Inventory Rebounds Amid Record Home Value and Rent Growth

SEATTLE, June 16, 2021 /PRNewswire/ — Continued torrid growth in the housing market paired with a long-awaited bump in inventory in May, according to Zillow’s® latest Market Report. Home value appreciation continues to break records and typical time on market is down to just six days. Meanwhile, rents are rising quickly across the U.S., breaking out…

New Zealand economy grows 1.6% in latest quarterly data thumbnail
Business
New Zealand economy grows 1.6% in latest quarterly data

Navigation for News Categories The economy has rebounded more strongly than expected as strong domestic spending and building offset the loss of international tourism. Retail spending contributed to GDP growth. Photo: 123rf Official numbers show gross domestic product (GDP) rose a seasonally adjusted 1.6 percent for the three months ended March, after it contracted 1…

Ramaphosa locks SA down to #Level3 to contain third wave as vaccination rollout lags thumbnail
Business
Ramaphosa locks SA down to #Level3 to contain third wave as vaccination rollout lags

South African President Cyril Ramaphosa has locked South Africa down to level three. With infections rising, provinces like Gauteng, Free State, North West and the Northern Cape are officially in a third wave. The president has partially banned off-site alcohol sales, while the curfew has been extended from 10pm to 4am. Limits have also been…

When Will the Fed Raise Rates? New Dot Plot Projects Two Hikes by End of 2023 thumbnail
Business
When Will the Fed Raise Rates? New Dot Plot Projects Two Hikes by End of 2023

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ICA says Queensland budget is a ‘missed opportunity’ thumbnail
Business
ICA says Queensland budget is a ‘missed opportunity’

Listen to this story The Insurance Council of Australia (ICA) slammed the Queensland government’s 2021-22 budget for failing to prioritise protecting Queenslanders from extreme weather disasters. The ICA criticised the $10 million allocations for household resilience and mitigation measures, saying it was a missed opportunity to safeguard Queensland insurers from natural hazards. “With just $3…