Economy

Dubai Faces Major Economic Trouble due to COVID-19 Lockdowns

Dubai Faces Major Economic Trouble due to COVID-19 Lockdowns

Dubai’s economy thrives as the emirate offers free movement of people, traded goods and money worldwide and coronavirus pandemic has put brakes on many of these factors.

Billions of Dollar Leave the African Continent in IFFs

A new report from United Nations Conference on Trade and Development or UNCTAD showed that IFFs of illicit financial flows have deprived Africa of the much need finance for development to achieve its goals for progress.
 
According to the 2016 UNCTAD Economic Development in Africa Report between 1970 and 2008 total US854-billion or approximately R12218-billion has left Africa in illicit financial flows.

No More ‘Tampon Tax’ in New York after Fifty One Years

On Thursday, New York became the latest state to do away with the so called "Tampon tax' or sales tax on tampons and feminine hygiene products.

PNC Reports Drop in Second Quarter Earnings Forecasts Modest Growth for Rest of the Year

Pittsburgh based PNC Financial Services Group Inc., which runs the PNC Bank with a major branch in Milwaukee market reported a drop in profits in the second quarter.

The June quarter's net income was $989 million or $1.82 per diluted share. That is down from last year's $1 billion, or $1.88 per share in Q2.

Are Expensive Perks the Best Way to Hold Employees in a Job? The Answer may be ‘No’

With the changing work scenario, rise of startups in the U.S and emergence of millennials as the main strength behind the present workforce, it becomes necessary to ponder over the factors which ar

Treasury Bond Yields Slip to Record Low; Rise in Refinance Applications in Mortgage Activity

The housing market is still facing impacts from the Brexit vote with mortgage rates following long-term bond yields close to record lows in the current week.

One of the best gauges that indicate if the mortgage rates will rise or drop is the movement of the ten year Treasury bond. Generally when yields drop rates of home loan too slip.

Last week, the yields on long-term bonds took a deep plunge touching all times low and that indicated grave concerns which investors felt regarding the global economy.

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