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Category: finance

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Australia’s economy is a basket case again. Will Jim Chalmers take it on?

In his 2004 thesis on Paul Keating’s prime ministership, Treasurer Jim Chalmers wrote that Keating could not have “imagined the plethora of reforms” that marked his turn as treasurer without the electoral success and popularity of Bob Hawke as PM.

“Hawke was the ALP’s most electorally successful leader ever,” Chalmers wrote, and he provided the “the public support which allowed Keating to indulge in his passion for bold policy.”

Australia’s economy is a basket case again. Will Jim Chalmers take it on? comes via ChinaTechNews.com.

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India and Pakistan’s fragile ceasefire only the first step to tackling deep, acrimonious conflict

As the world waited with bated breath, the ceasefire between India and Pakistan — two nuclear-armed powers that looked increasingly willing to engage in an all-out war — appeared to be holding into Sunday.

That’s despite the U.S.-brokered truce’s shaky start, which saw explosions and sirens ring out over towns in contested Kashmir only hours after the ceasefire was declared Saturday as senior officials from both India and Pakistan accused each other of violating the terms of the agreement.

India and Pakistan’s fragile ceasefire only the first step to tackling deep, acrimonious conflict comes via ChinaTechNews.com.

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National Technology Day: All you need to know aout the India’s Nuclear Might for UPSC Exam

Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here’s your knowledge nugget for today on National Technology Day, focused on India’s nuclear journey from a broader perspective.

India celebrates National Technology Day annually on May 11 to commemorate the successful nuclear test at Pokhran in 1998, which marked India’s significant achievements in science and technology and emphasised its pivotal role in solidifying the nation’s position as a global leader in technological innovation.

National Technology Day: All you need to know aout the India’s Nuclear Might for UPSC Exam comes via ChinaTechNews.com.

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Is Lady Gaga a sign the economy may crash? The recession indicator meme unpacked

According to social media, signs of a recession are looming everywhere.

Lady Gaga headlining Coachella is a recession indicator. A new White Chicks movie? Recession Indicator. Knee-high Converse? Unfortunately, yes.

The meme, which jokingly points to returning cultural trends as harbingers of a market crash, has inundated feeds across the globe.

Is Lady Gaga a sign the economy may crash? The recession indicator meme unpacked comes via ChinaTechNews.com.

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Did Carney, the banker, use his bond-market black magic on Trump?

Open this photo in gallery: Prime Minister Mark Carney arrives and greets U.S. President Donald Trump prior to a meeting at the White House in Washington, on May 6.Adrian Wyld/The Canadian Press

John Rapley is a contributing columnist for The Globe and Mail.

Did Carney, the banker, use his bond-market black magic on Trump? comes via ChinaTechNews.com.

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India’s Smartphone Manufacturing Muscle is Now Stronger Than Ever

India’s manufacturing capabilities have gained increasing attention in discussions and news regarding US President Donald Trump’s high import tariffs.

While the spotlight has intensified on the country, the notion of India as a sudden, ‘dark horse’ entrant in the smartphone manufacturing arena is far from accurate.

India’s Smartphone Manufacturing Muscle is Now Stronger Than Ever comes via ChinaTechNews.com.

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Premarket: Trade hopes feed risk appetite, boosting stocks and spurring bitcoin

World stocks hovered around their highest prices in six weeks after a U.S. trade deal with Britain fueled guarded optimism for progress in tariff talks with other countries.

MSCI’s broadest index of world shares gained 0.1% after jumping around 0.8% on Thursday, to levels seen just before Trump’s ‘Liberation Day’ global tariff announcements.

Premarket: Trade hopes feed risk appetite, boosting stocks and spurring bitcoin comes via ChinaTechNews.com.

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‘If I had to choose, I’d prefer the earthquake’: the 2015 disaster left Nepal in ruins, now record rains wreak fresh havoc

When the monsoon rains came last September, they swept away most of the village of Panauti, in the foothills of the Nepali Himalayas. The Roshi River overflowed after the unprecedented rainfall, triggering landslides and destroying most of the roads and bridges.

‘If I had to choose, I’d prefer the earthquake’: the 2015 disaster left Nepal in ruins, now record rains wreak fresh havoc comes via ChinaTechNews.com.

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Stirling clings to trackless tram dream despite WA Transport Minister Rita Saffioti’ dismissal

Two elections packed with promises and cash splashes have now come and gone since the City of Stirling released its business case for a $860 million trackless tram project, but the initiative has failed to secure any financial backing.

Last October, the city released a 675-page business case prepared by engineering consultant group SMEC after a $2m grant by the previous Coalition government in 2021.

Stirling clings to trackless tram dream despite WA Transport Minister Rita Saffioti’ dismissal comes via ChinaTechNews.com.

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Shopify stock falls despite strong first-quarter revenue growth

Open this photo in gallery: Shopify Inc. headquarters signage is seen in Ottawa, Tuesday, May 3, 2022.Sean Kilpatrick/The Canadian Press

Shopify reported double-digit revenue growth for its first fiscal quarter, but the stock slumped during morning trading as the company’s outlook fell short of analysts’ expectations.

Shopify stock falls despite strong first-quarter revenue growth comes via ChinaTechNews.com.

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