Economic Crisis

Showing of 1 - 20 from 47 results
Economic Crisis - Total results - 47
Recession, high unemployment, another pandemic outbreak biggest near-term worries; economic distress to rise: WEF study
Business

Recession, high unemployment, another pandemic outbreak biggest near-term worries; economic distress to rise: WEF study

As per the study, two-thirds of respondents identified a "prolonged global recession" as a top concern for business.

'I would not like to layoff people until I can afford to': Fashion industry veteran Vikram Phadnis talks about impact of coronvirus, lockdown on sector
India

'I would not like to layoff people until I can afford to': Fashion industry veteran Vikram Phadnis talks about impact of coronvirus, lockdown on sector

A veteran in the fashion industry, Vikram Phadnis gives us the expert’s view of the lockdown impact and how his brand is coping with the economic crisis.

Uber to cut 3,000 more jobs in second round of layoffs; 'made incredibly difficult decision to reduce workforce', says CEO in mail to employees
Business

Uber to cut 3,000 more jobs in second round of layoffs; 'made incredibly difficult decision to reduce workforce', says CEO in mail to employees

Uber Technologies Inc, the San Francisco-based ride-hailing company, is laying off 25 percent of its staff. It will cut a total of 6,700 jobs, including the 3,700 it had announced earlier this month, Chief Executive Officer Dara Khosrowshahi said.

COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits
Business

COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits

Like demonetisation, the current lockdown has exposed millions of workers and their families to starvation, hunger, death and very bleak future prospects.

Sushil Kumar Modi writes to Nirmala Sitharaman seeking Rs 7,434 cr grants for Bihar
Business

Sushil Kumar Modi writes to Nirmala Sitharaman seeking Rs 7,434 cr grants for Bihar

If the amount is released in the first quarter of the fiscal, it will be helpful for the government to implement piped drinking water project and drainage scheme, Sushil Kumar Modi said

Coronavirus Outbreak: Rahul Gandhi to discuss economy, COVID-19 crisis with Nobel Laureate Abhijit Banerjee today
Business

Coronavirus Outbreak: Rahul Gandhi to discuss economy, COVID-19 crisis with Nobel Laureate Abhijit Banerjee today

The first such dialogue was held last week when Rahul Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.

Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19
Business

Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19

Globally remittances are projected to decline sharply by about 20 percent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown.

Markets end day's trading in red: Sensex down 310 points at 30,380, Nifty drops below 9,000-mark; Kotak Bank top loser, cracks 6%
Business

Markets end day's trading in red: Sensex down 310 points at 30,380, Nifty drops below 9,000-mark; Kotak Bank top loser, cracks 6%

Markets surged more than 2 percent in early deals as investors on Dalal Street shrugged off the dire forecasts of virtually no growth in 2020 and took positives from the reports that businesses could see phased opening from 20 April.

Gold prices ease from 4-week high as dollar, equities strengthen on signs of coronavirus slowdown
Business

Gold prices ease from 4-week high as dollar, equities strengthen on signs of coronavirus slowdown

India’s gold imports plunged more than 73 percent year-on-year in March to their lowest in 6-1/2 years as record domestic prices and a lockdown to curb the outbreak squeezed retail demand

Present economic crisis bigger than that of 2008 as slump more protracted now: Goldman Sachs
Business

Present economic crisis bigger than that of 2008 as slump more protracted now: Goldman Sachs

The consumption slump, a major challenge afflicting the economy, cannot be attributed to the NBFC crisis as it predates the first default by infra lender IL&FS, says a brokerage, which has also slashed growth forecast to 6 percent with a downward bias

Current economic situation challenging: Union Minister DV Sadananda Gowda
Business

Current economic situation challenging: Union Minister DV Sadananda Gowda

Union Minister DV Sadananda Gowda on Thursday said the current economic situation in the country was "challenging", but expressed the hope that the measures taken by the union government to address it would see India quickly progress ahead 'in a very short time.'

Auto sector mayhem: Are we misreading distress signals emerging from plummeting sales and steep production cuts?
Business

Auto sector mayhem: Are we misreading distress signals emerging from plummeting sales and steep production cuts?

If behavioral changes and spending patterns or shift to a new type of vehicle is impacting auto sales, it would have primarily reflected in passenger sales only

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
Business

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous

By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data

Firstpost Editor's Picks: Cracks widen in PDP, India faces economic crisis, Mourinho got it all wrong; today's must-read articles
India

Firstpost Editor's Picks: Cracks widen in PDP, India faces economic crisis, Mourinho got it all wrong; today's must-read articles

A quick rundown of five of the best articles published by Firstpost on Wednesday, 19 December.

On World Food Day, UN says hunger, climate change and man-made conflicts creates 'perfect storm'
World

On World Food Day, UN says hunger, climate change and man-made conflicts creates 'perfect storm'

The UN aims to achieve a Zero Hunger world by 2030, but faces three obstacles: conflicts, climate change and an economic slowdown.

Country facing 'economic crisis' due to crude imports, says Nitin Gadkari; blames OPEC countries for oil price hike
Business

Country facing 'economic crisis' due to crude imports, says Nitin Gadkari; blames OPEC countries for oil price hike

India is the third largest importer of crude oil and rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

International tourism arrivals hit record high in 2017; India leads growth in South Asia
Business

International tourism arrivals hit record high in 2017; India leads growth in South Asia

International tourism receipts for India grew from 22.42 billion dollars in 2016 to 27.36 billion dollars last year.

Venezuelan migrants fleeing country's economic crisis pour into Peru before new passport rule come into force
World

Venezuelan migrants fleeing country's economic crisis pour into Peru before new passport rule come into force

Peru doesn't share a border with Venezuela, but migrants try to reach it by going through Ecuador or Colombia, hoping to find a job or obtain legal status.

CPEC risks aggravating political tensions and widening social divides in Pakistan, warns Belgium-based think tank Crisis Group
World

CPEC risks aggravating political tensions and widening social divides in Pakistan, warns Belgium-based think tank Crisis Group

The China-Pakistan Economic Corridor (CPEC) has its fair share of sceptics and opponents around the world, not least in India. Beijing and Islamabad have gone to great lengths to convince the world — again, not least, New Delhi — that the CPEC isn't a venture aimed at antagonising the region. Now, according to a report published by a Belgium-based research group, the project risks fuelling discontent within Pakistan, that could eventually lead to conflict.

India must explore new strategies to counter Pakistan's hostility, and do it without firing a single bullet
India

India must explore new strategies to counter Pakistan's hostility, and do it without firing a single bullet

India needs to explore more effective methods of neutralising this threat. In his classic treatise The Art of War, Sun Tzu had argued that the perfect strategy would be to subdue the enemy without fighting. Novel strategies need to be explored to make the cost of Pakistan's unrelenting hostility literally unaffordable.