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Category: ECONOMY

    ECONOMY
    Travel Ban and Business Closures May Affect Economy as Coronavirus Spreads

    Travel Ban and Business Closures May Affect Economy as Coronavirus Spreads

    The new coronavirus has already caused shockwaves all across the globe. The virus has reportedly claimed more than 300 lives. A large number of countries have taken preventive measures to prevent the spread of the…

    ECONOMY
    Japan Government is Offering Tax Discounts Up to 5% for Cash Payments

    Japan Government is Offering Tax Discounts Up to 5% for Cash Payments

    Due to the hike in the sales tax rate from 8% to 10%, the Japan government will reward cashless payments. The merchants will get the cashback of up to 5% on his purchases. Japan is…

    ECONOMY
    Big US Companies Think Tariffs Is Not The Most Important Issue In Trade War

    Big US Companies Think Tariffs Is Not The Most Important Issue In Trade War

    The tariff reduction in the trade war between the US and China is not seen as the most important issue according to the CFO’s of leading companies in the US. As per a survey conducted,…

    ECONOMY
    House Price Growth Falls in the UK While Inflation is Lower Than Analyst Estimates

    House Price Growth Falls in the UK While Inflation is Lower Than Analyst Estimates

    The house prices in the United Kingdom have increased at a breakneck pace over the past decade or so, but in the latest data released by the Office for National Statistics (ONS), the rate of…

    ECONOMY
    UK Unemployment Drops with Marginal Fall in Latest Data

    UK Unemployment Drops with Marginal Fall in Latest Data

    The prospect of Brexit and slowdown in business investment over the recent months has made for a gloomy outlook for the future of the United Kingdom, however, it has not yet had a profound effect…

    ECONOMY
    Shipping Data Shows Weakness, Another Indicator of Slowing Economy

    Shipping Data Shows Weakness, Another Indicator of Slowing Economy

    The shipping data is considered as the key indicator of the health of the world economy. Data from the DHL, UPS, and FedEx the cargo imports in the US fell in February sending a warning…

    ECONOMY
    NFC Money Transfer Candidate Specification (NMT), an alternative to QR codes

    NFC Money Transfer Candidate Specification (NMT), an alternative to QR codes

    The Near Field Communication (NFC) Forum released its NFC Money Transfer Candidate Specifications (NMT) on Tuesday, March 5, providing payment service providers and consumers an alternative to QR codes by using their NFC payment solutions…

    ECONOMY
    Suncorp’s Core Banking Revamp Taking Longer than Expected, Says CEO Michael Cameron

    Suncorp’s Core Banking Revamp Taking Longer than Expected, Says CEO Michael Cameron

    In August 2016, Suncorp launched a multi-year venture to modernize and update their core banking system with latest developments in Oracle FFS, known as project Ignite. Recently Suncorp has said the configuration of the platform…

    ECONOMY
    Egyptian Billionaire Says Trump is Right about China

    Egyptian Billionaire Says Trump is Right about China

    Egyptian billionaire Naguib Sawiris did an evaluation of the ongoing trade war between the U.S. and China and the security concerns of many western countries about Chinese telecommunications giant Huawei. He told, China has been…

    ECONOMY
    Indian Government Collects Rs. 4,172 Crore as Late Fee for GST Returns Filing

    Indian Government Collects Rs. 4,172 Crore as Late Fee for GST Returns Filing

    The government has collected a total amount of Rs. 41,72 crore for the delay in filing the GST returns as late fee. The government has imposed a fine of Rs. 25 per day on Central…