- China imposes sanctions on Wilbur Ross and six other AmericansWhite House says moves demonstrate Beijing’s ‘further isolation from the world’... Read more »
- Coronavirus and the global recovery: the dangers of whiplash economicsTen days ago, markets were spooked by inflation. But the spread of the Delta variant is now forcing countries to reverse plans to reopen... Read more »
- Covid wobble punctures calm markets. Get used to itSummer of uncertainty ahead as economies emerge from pandemic... Read more »
- Rising Covid infections slow UK economic recovery in JulyStaff shortages and squeezed supply chains dampen growth outlook... Read more »
- Russia raises rates by 1 percentage point to combat persistent inflationFourth successive increase as price growth hits fastest pace for nearly 5 years... Read more »
- FirstFT: Republicans urge supporters to embrace vaccines in abrupt shift of toneECB divisions, Cuba sanctions imposed and thermal coal prices soar... Read more »
- Eurozone business activity boom continues as US and UK start to slowPMIs suggest rising Covid infections and shortage of workers are weighing on transatlantic recovery... Read more »
Global Economy
- The anatomy of a growth scareDepending on where you look, the economic recovery is either on track or in trouble... Read more »
- What the Big Mac index says about the dollar and the dongWe look at happy meals in unhappy places... Read more »
- Can foreign venture capitalists make good money from Indian tech?The formula for success cannot simply be copied across from America or China... Read more »
- The private sector starts to invest in climate adaptationCompanies and investors hope to avert losses to climate catastrophes... Read more »
- Lessons from Britain on the balance between monetary and fiscal policyIn times of high debt, the divisions between the two become hazy... Read more »
- Outbreaks of covid-19 leave South-East Asia with little policy roomThe return to economic normality will be arduous... Read more »
- Are the Olympic games a bad deal for host cities?A study finds that budgets typically overrun by 172%... Read more »
Finance & economics
- The rapid growth the U.S. economy has seen is about to hit a wallThe U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.... Read more »
- Yellen urges Congress to raise or suspend the debt limit by Aug. 2Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.... Read more »
- Sales of existing homes rise slightly as more listings finally hit the marketAfter four straight months of declines, sales of previously owned homes rose 1.4% in June month to month.... Read more »
- U.S. jobless claims show surprise gain, well above expectationsWeekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.... Read more »
- The bond market is torn over the potential for higher inflation and lower growthA volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.... Read more »
- Builders pull back as more homebuyers are priced out of the marketBuilding permits, an indicator of future construction, fell more than expected to the lowest since August.... Read more »
- It's official: The Covid recession lasted just two months, the shortest in U.S. historyThe Covid-19 recession is in the books as the shortest in U.S. history, the National Bureau of Economic Research said Monday.... Read more »
Economy
- Visa Looks to Buy EU-Based Tink for $2.1 billionVisa is reportedly in the market for Tink, the Swedish FinTech firm that is remarkably similar to Plaid – which Visa tried to buy already. In the US, the Justice Department opted to deny Visa the opportunity to buy Plaid. Now, Visa is working to buy a company that does... Read more »
- VideoIs Venture Capital the Right Model for Investing in Africa?Whether venture capital is the right model for investing in Africa was the topic of a recent clubhouse chat which discussed funding models in Africa to support African innovation. The conversation consisted of a number of seasoned entrepreneurs and investors with experience investing in the continent. Panelists included Geetha Tharmaratnam, a... Read more »
- AI-Enabled Data Control Revolutionizes FintechData Control Platforms Leverage Machine Learning & AI The financial crisis of 2007 – 2008 resulted in marked changes to the institutional financial sector landscape. Weaknesses were brought to light and financial institutions were forced to reevaluate how they were managing data and restructure as a result. Then 2020 brought... Read more »
- Why Are You Blaming The System For Your Failure? How to Work It To Your AdvantageThere has been no better time to grab the system by the reins and leverage it to set up your own online business and make money from home. Hiding behind excuses has never propelled an entrepreneur to head-spinning success and financial freedom. There is an overflow of rules that can... Read more »
- The Rise of Deflationary CryptoWhy we’re seeing more and more projects move to a deflationary model. One of the most attractive propositions of the crypto market for institutional investment is the potential for an asset to be used as a hedge against inflation. As the stock market pumps itself up to dangerous levels, investment... Read more »
- San Francisco’s Aquarium of the Bay Auctions Crypto NFTs of Giant Sea BassIn a big catch for NFT collectors, the San Francisco Aquarium of the Bay has announced a NFT (Non-Fungible Tokens) of their Giant Sea Bass through ViciNFT. The auction will not only name the Giant Sea Bass, but the NFT also consists of images throughout the bass’s lifetime. The auction... Read more »
- Literary Agent to the Stars, Bill Gladstone Launched an NFT Company for Creators. Here’s Why He Might Be on to Something.What’s behind the intense interest in non-fungible tokens — or “NFTs” — as of late? In a trend that appears here to stay, creators and investors are tapping into both unlock and capture the intellectual property behind their favorite art. Artisans, from book authors to fine artists and musicians are... Read more »
Grit Daily Finance
- Disney executives won't attend CinemaCon in-person as delta Covid variant rages in Las VegasDisney executives won't be traveling to Las Vegas next month to attend the National Association of Theatre Owner's CinemaCon.... Read more »
- Ponzi schemer Madoff earned $710 for almost 3,000 hours of prison work, got 'not very dependable' reviewBernie Madoff died in prison, where he was serving a 150-year sentence for running the largest Ponzi scheme in history, swindling thousands of victims.... Read more »
- Cleveland's baseball team is changing name to the GuardiansThe team had for years faced pressure to the racially offensive name it has been known as for more than a century.... Read more »
- Boston Beer CEO acknowledges Q2 hard seltzer sales miss – ‘we don’t look very smart’Boston Beer CEO David Burwick said the company's hard seltzer sales dropped fast when people retuened to bars this summer.... Read more »
- Cramer's week ahead: The most important week of earnings season"This is the toughest week of the quarter when it comes to making informed financial decisions," CNBC's Jim Cramer said ahead of reports from Apple and others.... Read more »
- M. Night Shyamalan's 'Old' falls flat, bogged down by clunky dialogue and 'ham-fisted' explanations, critics say"Old" currently holds a 55% "Rotten" score on Rotten Tomatoes from 153 reviews.... Read more »
- National ballet company predicts largest audiences in years for its return after Covid halt"I think that the audiences are ready, they've missed us, and they're eager to come back," ABT Executive Director Kara Medoff Barnett told CNBC on Friday.... Read more »
CBNC Business News
- ● Fifth Column: Raiding newspapers never works, writes Tavleen SinghThe Prime Minister has personally taken leadership of his government's campaign to prove that everything said about its mismanagement of Covid and its strong-arm tactics to silence the media is a lie.... Read more »
- ● Across the Aisle: Government rides a winged horse, writes P ChidambaramWhen a storm broke out on snooping on political leaders, judges, journalists, civil rights activists, students, businesspersons and social friends of the ‘chosen people’, it was revealed that owners of thousands of mobile phones had been listed as ‘persons of interest’.... Read more »
- ● Crowning Glory: Collin Morikawa’s acceptance speech at The Open affirmed his credentials as golf’s brand ambassadorMorikawa’s game is perfect for strategic golf, and it showed. Am I gushing? Absolutely, and I suspect I’m not the only one to feel this way. This kid is special.... Read more »
- Offering a desk with a view, homestays a hit; segment shines as workcations tempt peopleSince April, Triveni Srinivas and Nithin M, in their early thirties, have been working for a Hyderabad-based animation firm from a homestay in Chikmagalur, Karnataka. "It is a little extravagant, but we are glad we took it. Sometimes bridging the gap between work and pleasure can help maintain sanity in... Read more »
- Run-up to 5G: Trai pushes for digital inclusion; proposal in works for rural areasAccording to sources, Trai will come up with a consultation paper soon to deliberate on the issues relating to digital inclusion as it believes that people in the rural areas and those in the low-income bracket may lag once 5G is launched and most of the services become digital.... Read more »
- Q1 Performance: ICICI Bank net profit surges 78% to Rs 4,616 croreAlthough the management did not gave any specific guidance on margins, the lender expects NIMs to maintain the same level in the coming quarters.... Read more »
- ITC Q1 net profit jumps 28.6% to Rs 3,013 croreGross revenue from sale for the period April-June this year stood at Rs 12,884.45 crore as against Rs 9,435.61 crore for the same period last year, according to the company's stock exchange filing.... Read more »
The Financial Express
- Property Development Company, FIPS Multilinks announces the launch of a new housing project in LekkiAs part of its goal to provide sustainable and affordable housing in Nigeria, FIPS… The post Property Development Company, FIPS Multilinks announces the launch of a new housing project in Lekki appeared first on Radarr Africa.... Read more »
- Egypt’s social e-commerce startup Taager raises US$6.4 million seed roundTaager, an Egyptian social e-commerce startup, has raised a US$6.4 million seed funding round… The post Egypt’s social e-commerce startup Taager raises US$6.4 million seed round appeared first on Radarr Africa.... Read more »
- Nigerian fintech startup Lidya raises $8.3m pre-Series B funding roundNigerian fintech and lending startup Lidya has announced the completion of its $8.3 million… The post Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round appeared first on Radarr Africa.... Read more »
- IFC Invests in Convergence Partners’ Fund to Boost Digital Access in AfricaTo help strengthen broadband infrastructure and improve online access to digital services for individuals… The post IFC Invests in Convergence Partners’ Fund to Boost Digital Access in Africa appeared first on Radarr Africa.... Read more »
- Uber Buys Trucking Software Firm for $2.25bnUber on Thursday announced a $2.25 billion deal to beef up its freight unit… The post Uber Buys Trucking Software Firm for $2.25bn appeared first on Radarr Africa.... Read more »
- Huawei Plans $150m Investment in Digital Talent DevelopmentHuawei, a telecoms giant has unveiled its plans to invest $150 million in digital… The post Huawei Plans $150m Investment in Digital Talent Development appeared first on Radarr Africa.... Read more »
- Cyber hack hits Transnet’s operationsState-run logistics and port operator Transnet has been hit by an apparent cyber hack,… The post Cyber hack hits Transnet’s operations appeared first on Radarr Africa.... Read more »
Radarr Africa
- ● What makes Covid-19 delta variant such a threat? Ten questions answeredThe delta variant has some characteristics that give it a better chance of causing an infection, which means it escapes initial shield provided by antibodies, but vaccinated people are at a lower risk... Read more »
- ● Tokyo Olympics 2021 LIVE Skeet Mens Qualification: India shooters in actionOn Day 2 of Olympics 2021, India medal hopefuls, PV Sindhu and Mary Kom, will also start their campaigns. Check India today's Olympics matches, Tokyo 2020 live updates and telecast details in India... Read more »
- ● Despite Covid curbs, clear indications of economic revival Piyush GoyalDespite COVID-19 disruptions, there are clear indications of economic revival in India said Union Minister Piyush Goyal on Saturday.... Read more »
- ● Covaxin stock 'very low'; may hold up hit vaccinations: Bengal officialThe state was supposed to get 75 lakh of vaccine doses this month and received 54 lakh till Friday.... Read more »
- Delta variant forces Silicon Valley giants to rethink office-return plansSome companies said the recent spike in cases had not yet affected their return-to-office planning. Facebook still intends to reopen at 50 percent capacity by early September... Read more »
- Found Rs 2,200-cr fictitious transactions: CBDT after raids on media groupWhile the statement did not name the group, official sources identified it to be the Bhopal headquartered Dainik Bhaskar group... Read more »
- ICICI Bank's Q1 net surges 78% to Rs 4,616 cr as provisions fall sharplyInterest margins improved; provision fell despite Covid-19 pressure... Read more »
Business Standard
- China’s Sinovac evaluates new vaccine plantSANTIAGO: Chilean authorities said on Friday that China’s Sinovac had begun evaluating potential sites for the construction of a vaccine plant in Chile that could begin producing doses of the Chinese shot as early as the first half of 2022. Chile, a global leader in vaccinating its citizens against the... Read more »
- Emirates launches new passenger service to MiamiEmirates is connecting global business and leisure travellers with it’s first-ever passenger service between Dubai and Miami. The airline celebrated the inaugural flight of its four times a week service when it touched down in Miami at 1100hrs local time on July 22. Emirates flight EK213 was welcomed by Miami... Read more »
- Twitter beats revenue targets with ad improvementsTwitter on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements to help brands reach potential customers. Shares of Twitter rose 5% to $73 in trading after the bell. Since the start of the year, Twitter has raced to... Read more »
- Dubai uses artificial intelligence, high-tech to improve bus servicesMattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), revealed that RTA’s precautionary measures and initiatives applied to the scheduling and the operation of public buses, marine transit means and taxis had accelerated the community’s recovery from the COVID-19... Read more »
- Marriage hall owners reject Sindh govt’s new Covid-19 restrictionsKARACHI: Rejecting the fresh curbs imposed by the Sindh government in wake of the fourth Covid-19 wave in the province, the Marriage Halls Association on Friday announced to hold protests against the closure of wedding halls in Sindh province, ARY News reported. Rana Raees Ahmed, President of All Karachi marriage... Read more »
- Mercedes-Benz ready to take on Tesla in all-electric car marketLONDON: Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts. Outlining its strategy for an electric future, the inventor of the... Read more »
- Tourists throng Murree to enjoy last holiday of Eidul AdhaISLAMABAD: Hordes of tourists in Murree are enjoying second day of Eidul Adha along with their families and friends, ARY News reported on Thursday. As per details, people in large number are reaching Murree and so far 38,000 vehicles have entered the Pakistan’s premier tourist site against the capacity of... Read more »
Business – ARY NEWS
- Intel sees a growth driver in self-driving carsSelf-driving cars could be a win for Intel. Read More... Read more »
- Got a top MBA and started a company? Here’s the potential opportunity cost of that decisionIt’s a big long-term bet on yourself Read More... Read more »
- Wendy Tan White was a CEO at 29. Here’s what that taught her about becoming a CEO again 20 years laterWendy Tan White is now CEO of Alphabet's robotics moonshot Intrinsic. Read More... Read more »
- The tech-led stocks rally continues as crypto, too, pulls higherU.S. futures point to another strong open. Read More... Read more »
- There’s still no consensus about how the post-pandemic office will actually workCEOs discussed the issue at a virtual Fortune roundtable yesterday. Read More... Read more »
- ‘The B Word’ bounced between boring and bewilderingBitcoin’s transformative impact is swiftly becoming self-evident; the rest just feels like noise. Read More... Read more »
- Pfizer will make COVID vaccines in Africa in 2022. It needs them now.The continent has gotten 1.7% of the world's COVID shots so far. Read More... Read more »
Fortune
- ● Delivery group that serves south-east Asia’s remote villages weighs IPONinja Van specialises in dropping off packages by motorcycle, boat and even water buffalo... Read more »
- Wall Street doubles down on lending ‘cheap money’ to the richCombined value of loans made by wealth management units at top US banks in second quarter exceeds $600bn... Read more »
- Tokyo Olympics: Carapaz takes cycling gold for EcuadorLa Locomotora wins brutal mountainous course in sweltering conditions just a week after third place in Tour de France... Read more »
- US state regulators close in on BlockFi’s crypto accountsNew Jersey-based company has raised $14.7bn by offering interest on digital coin deposits... Read more »
- Tory jitters greet Johnson’s second anniversary as prime ministerLeader’s ratings outstrip his Labour rival but support among his own MPs is far from solid... Read more »
- Goldman and DWS prepare bids for NN Investment PartnersAsset managers get ready to move in as deadline looms for final offers on Dutch insurer’s €300bn division... Read more »
- Extreme weather takes climate change models ‘off the scale’Scientists say the shifting pattern of the jet stream is exacerbating the effects of climate change... Read more »
Financial Times
- From Universal’s scrubbed SPAC sell-off to Warner’s Doug Morris label buyout: It’s MBW’s Weekly Round-UpThe biggest stories of the past five days – and why they matter Source... Read more »
- BTS Butter co-writer Jenna Andrews signs with Milk & Honey for managementLucas Keller: "Her energy, passion and talent is unmatched, and we have big plans going into 2022.” Source... Read more »
- Alice Beal Promoted to Managing Director at Insanity RecordsBeal joined Insanity as Label Manager in 2016 Source... Read more »
- Live Nation is selling $20 ‘all in’ concert tickets to help it bounce back from the pandemicOffer announced to promote Live Nation's 'Return To Live' run of shows Source... Read more »
- Jay Z’s Roc Nation to launch new multimedia brand, EDITIONEDITION will launch across print, digital, social and 'experiential activations' Source... Read more »
- Livestream startup LiveControl raises $30m in Series A roundNew round brings LiveControl's total funding to $33m Source... Read more »
- Travis Barker signs global publishing deal with Warner Chappell MusicAgreement is an exclusive worldwide administration deal Source... Read more »
Music Business Worldwide
- Infrastructures co Rimon Group completes TASE IPOThe company raised NIS 250 million at a valuation of NIS 1.25 billion.... Read more »
- Outbrain cuts valuation in Nasdaq IPOThe Israeli web recommendations platform's IPO took place at a valuation of $1.1 billion.... Read more »
- French Holocaust survivor sparks furor over anti-vax yellow starAt a ceremony commemorating the 1942 round-up of Jews in Paris, Joseph Schwartz said: This comparison is disgusting.... Read more »
- Thu: Down day for banksThe Tel Aviv 35 Index faltered slightly today, as the banking sector weakened, but still ended the week higher.... Read more »
- B Cure Laser developer halves IPO valuationErika Carmel had planned an IPO in Tel Aviv at a valuation of about NIS 800 million, but the figure in its revised prospectus is NIS 430 million.... Read more »
- Oil Refineries to invest $400m in going greenThe company plans a nationwide network of hydrogen fuel stations. CEO Moshe Kaplinsky: The future of transport lies in hydrogen.... Read more »
- David Geffen funds auditorium on new National Library campusThe David Geffen Auditorium will be a centerpiece of the new campus next to the Knesset in Jerusalem.... Read more »
Israel - Globes
- Chemicals in burnt SA warehouse caused ’considerable’ environmental damage - authoritiesCAPE TOWN - South African authorities said on Friday around 1 600 chemicals were stored at a warehouse of India's UPL Ltd when it was razed during violent looting last week, causing potentially harmful air emissions and a greenish-tinged effluent to seep into a protected lagoon.The warehouse was one of... Read more »
- Eskom enhances its digital platforms by launching a chatbot, Alfred, and enhancing its appPower utility Eskom has announced that it has embarked on a digital journey to increase its availability to its customers.According to Eskom, it has enhanced MyEskom Customer app and the introduction of Alfred the Chatbot are the first of many new digital solutions to be launched in order to enhance... Read more »
- Telkom Group CEO Sipho Maseko set to step down next year after 8 yearsSIPHO Maseko, the Telkom Group chief executive, has announced that he will be stepping down in March 2022.He said he had informed the board, and his final day of service will be on June 30, 2022. “In other words, after the annual results and on completion of my notice period.”Maseko... Read more »
- Moti Cares and KZN premier trust collaborate in delivering 2 million mealsThe Moti Cares Foundation, a charitable trust founded by the Moti Group, has partnered with the KwaZulu-Natal (KZN) Premier Sihle Zikalala Development Trust to deliver two million meals, as well as sanitary towels, blankets, and PPE essentials to victims worst hit by food shortages and the destruction of supply chains... Read more »
- Developing a strong support team is vital for the longevity of your businessSibulele Siko-ShoshaLet’s do a visualisation exercise for a minute. You are watching the Grammy’s, Beyoncé is winning yet another award. She looks beautiful; hair on fleek, body perfectly toned with all the bells and whistles. Now it’s time for her acceptance speech. The Creator is thanked first then a sea... Read more »
- This proptech platform wants to help you find your next propertyLocal proptech company Flow wants to help you find your next property.The online rental platform’s new behavioural search feature aims to make searching for your dream home simpler and more effective.Once a user has shown an interest in something property-related, the company’s retargeting function suggests personalised and relevant content and... Read more »
- Naspers Foundry invests in insurtech firmNASPERS, the internet group, has put R34 million into the insurtech sector in digital insurance advice platform, Ctrl, as part of the group’s R1.4 billion commitment to grow early-stage tech companies through its tech investment vehicle, Naspers Foundry.Ctrl is a digital short-term insurance advice platform that was founded in 2017.... Read more »
IOL - Business Report
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