fbpx

Editorial

Australia’s domestic travel boom stirs growth

Australia’s domestic travel boom has virtually given a much-awaited kick start to its national career, Qantas, which was hard hit by the global pandemic. Obviously, the boom in domestic air travel will fuel job gains in the industry, thus contributing to help recover the corona-battered economy. This was, by and large, due to the prudent management of the pandemic and the government’s ability to make the nation safe through its successful programmes of strict lockdowns and virus contain and control methods. Qantas will increase an extra one million seats in and out of Adelaide as a result of the boom in...

Shockwaves throughout US and European markets

Markets’ sensitivity to policy decisions is a well-acknowledged fact that, has virtually a domino effect on the shares as well as on overall economy. Needless to say that already jittery financial markets over the shortage of computer chips got shock waves, when the US treasury secretary, Janet Yellen said that a modest increase in borrowing costs might be needed to curtail the demand. Tremors German manufacturers, such as Volkswagen and Siemens and...

UOB’s Q1 profit increases 18% on lower impairment charges

Rebounding of a country’s financial sector, indicates the economic health of that nation and this is applicable to Asian economic power house Singapore as well.   United Overseas Bank (UOB)’s reported profit increase and accompanied growth prospects even within the first quarter reaffirms that the Singapore’s economy regaining its lost momentum. Financial sector suffered heavily, primarily, due to the lockdown and social restriction measures as well as the resultant economic contraction...

Brighter prospects for Scottish Tech Sector despite Covid

Scottish Tech Sector’s braving the storms of Covid and the Brexit signals, in no uncertain terms, that businesses are regaining their lost momentum and would, soon, either reach pre-pandemic level or exceed the expectations.    It is noteworthy that almost half of Scottish firms boosted their sales and profit margins as suggested by an industry survey. In its annual barometer for the country’s tech sector, membership organisation ScotlandIS stated that the companies...

£1bn UK-India trade deals will create 6,000 UK jobs- Boris Johnson

Successive trade deals and FDIs will not only help the UK to create much-needed employments, but, also help realise its cherished goal of a Global Britain. Strengthening bilateral as well as multilateral trade relations across Asian-Pacific region in general and with India in particular is of paramount important to establish Britain’s role as a countervailing power in the region and trade diplomacy plays a vital role in this context.        Trade deal  The...

Will the trend kick start ailing Leisure Industry?

The latest trend in the hospitality and the leisure industry seems to be the Vaccine Tourism, which seems to be gaining ground rapidly in prime destinations such as New Zealand, Maldives and Australia.    For example, this week Norwegian Cruise Lines in an announcement stated that it would be re-launching ships for fully vaccinated passengers, a development would have been unthinkable just a year ago. Significantly, this trend hints out that successive...

Eurozone suffers double-dip recession

The eurozone's economy has plunged back into recession as the impact of the pandemic continues to hit activity. Europe's economies have been set back by a renewed increase in infections this year and Covid-related restrictions. The eurozone reduced by 0.6% in the January-to-March period - the second consecutive contraction, which is a widely-used definition of a recession. It is the second such episode, a so-called double-dip recession, since the outbreak of the...