Why has RBI launched the account aggregator? Will the easier availability of information benefit the economy? The story so far: On September 2, the Reserve Bank of India launched the account aggregator framework aimed at making financial data more easily accessible. Under it, a number of fin-tech entities have been granted the licence to operate as account aggregators. Eight large […]
Read moreMoment of Silence to commemorate the North Tower falling Reading of the names of the people who perished in the 9/11 attacks September 11, 2001, changed the United States forever. Nearly 3,000 people were killed, including men, women and children. Americans at home watched in terror as two planes, hijacked by terrorists, crashed into the World Trade Center towers, forcing […]
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As a student at Peking University law school in 1978, Li Keqiang kept both pockets of his jacket stuffed with handwritten paper slips. An English word was written on one side, a former classmate recalled, and the matching Chinese version was written on the other. Li, now China’s premier, was part of China’s English-learning craze. A magazine called Learning English […]
Read moreWhite House announces changes to SNAP, pandemic EBT benefits National Economic Council director on Biden plan to increase federal food assistance The Biden administration's massive food-stamp expansion, the largest permanent increase to benefits in the program's history, could cut economic growth over the next decade, according to a new study published last week. Findings from the Penn Wharton Budget Model, […]
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UK house price annual inflation slowed further in August, but the average price for a residential property hit a fresh record high, survey data from the Lloyds Bank subsidiary Halifax showed Tuesday. The house price index climbed 7.1 percent year-on-year following a 7.6 percent rise in the previous month, IHS Markit, which releases the Halifax survey results, said. The annual […]
Read moreShares of PagerDuty, Inc. (PD) jumped over 9% in extended trading session on Thursday after the company reported a narrower-than-expected loss for the second quarter as revenues jumped over 33%. The company also lifted its outlook for the full year. San Francisco, California-based PagerDuty’s second-quarter loss widened to $29.7 million or $0.35 per share from $14.7 million or $0.19 per […]
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China’s crackdown on its technology sector has moved from corporations to consumers. On Monday, state media revealed new rules for online gamers, limiting under-18s to one-hour windows on weekends and bank holidays. Online gaming giants such as Tencent and NetEase will be forced to enforce the restrictions with an “anti-addiction system” that involves verifying real names and government documents. The […]
Read moreExperts explain how the Taliban has been ‘running the show’ in Afghanistan Security and exfiltration expert Kelley DeConcilis and former assistant secretary of state Bob Hormats weigh in on the U.S. working with the Taliban over Afghanistan crisis on ‘The Claman Countdown’ The Afghan economy may be on the brink of collapsing, just two weeks after the Taliban seized control […]
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Editor’s note: Below you’ll find the week 49 release of the NYC Recovery Index, originally published July 26, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index remained unchanged as of July 17, as rising COVID-19 hospitalizations and a decline in the city’s housing market erased modest gains in other measures like […]
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