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ECONOMY

European stocks decline as bond yields remain high ahead of US employment report

Friday, Jan 10

European shares slide amid high bond yields, with traders eyeing US jobs data for Federal Reserve interest rate insights.

ECONOMY

Wine Industry Faces Decline in Production and Consumption Amid Global Polycrisis

Friday, Jan 10

Global wine production and consumption hit historic lows due to changing trends, climate impacts, and health consciousness, but recovery may be possible.

ECONOMY

Sebi to Leverage AI for Speeding Up IPO and Mutual Fund Application Approvals

Friday, Jan 10

Sebi plans to utilize AI for quicker processing of IPOs and mutual fund applications, addressing approval delays in India.

ECONOMY

Assocham Advocates for Lower Income Tax Rates Ahead of Budget 2025

Friday, Jan 10

Assocham urges a reduction of personal income tax rates in Budget 2025, citing their exceptional height compared to global standards.

ECONOMY

Sainsbury's Forecasts 7% Profit Growth Following Christmas Sales Surge

Friday, Jan 10

Sainsbury's anticipates a 7% profit increase due to strong Christmas grocery sales, despite challenges in general merchandise.

ECONOMY

Global Stock Markets Pull Back Ahead of Key US Jobs Report

Friday, Jan 10

Global stock markets fell as traders awaited US jobs data for insights on the economy and interest rates outlook.

ECONOMY

Prada Explores Acquisition of Versace Amid Capri Holdings Sale

Friday, Jan 10

Prada is reportedly considering acquiring Versace, currently for sale by Capri Holdings, according to Il Sole 24 Ore.

ECONOMY

China's central bank speeds up policy measures amid economic pressures

Friday, Jan 10

China's central bank is set for significant monetary easing to boost the economy but faces challenges like limited options and currency risks.

ECONOMY

Texas Counties Dominate List of U.S. Areas with Lowest Health Insurance Coverage

Friday, Jan 10

A study reveals Texas has 19 of the 20 counties with the highest uninsured rates for under-65s, sparking discourse on Medicaid expansion.

ECONOMY

China Urges EU to Address Alleged Unfair Trade Practices Amid Ongoing Negotiations

Friday, Jan 10

China challenges the EU over claimed unfair trade barriers during ongoing discussions, signaling potential repercussions depending on negotiations' outcomes.