Author: Steven Sahiounie

In absolute US dollar terms, India’s digital economy exhibited a growth rate (compounded annually, CAGR) of 15.62 per cent between 2014 and 2019, while India’s economy (GVA) grew annually at a compound rate of 6.59% (as per ADB’s IO tables).India’s digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper published in the latest bulletin of the Reserve Bank of India. In absolute terms, the size of the digital economy has grown from $107.7 billion in 2014 to $222.5 billion in 2019.In absolute US dollar terms, India’s digital economy…

In this article The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual China Group | Getty Images BEIJING — The Chinese economy of 2023 almost definitely won’t look like the Chinese economy of 2019.Real estate has slumped under Beijing’s crackdown. Exports have tapered off following a surge. Chinese e-commerce giant JD.comthis year replaced Huawei, hit by U.S. restrictions, as the largest non-state-owned enterprise in China by revenue.In the last month, Beijing suddenly ceased many of the lockdown measures and Covid testing requirements…

The Dow sank sharply as America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation is having only a limited impact.The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest measure of the US economy, grew at an annual pace of 3.2% between July and September. That was above the 2.9% estimate from a month ago. Economists surveyed by Refinitiv had expected GDP to stay unchanged from its previous reading.The report said the stronger-than-expected reading was due to increases in exports…

Decree Introductory overview. “Aiuti quater Decree aims to gradually increase the amount of natural gas extracted from available domestic reservoirs.”The Council of Ministers of the Italian government, in its session No. 4 of 10 November 2022, approved a Law Decree named “Aiuti quater” (the “Aiuti quater Decree”) which introduces urgent regarding electricity, natural gas and fuels, including amendments to Article 16 of Law Decree No. 17 of 1 March 2022. Following in the footsteps of Mario Draghi’s government and the work of former Ecological Transition Minister Roberto Cingolani (now Giorgia Meloni’s consultant for energy policies), the Aiuti quater Decree aims…

Australia’s 2023 economic outlook unclear After paying upwards of $10 for iceberg lettuces and enduring eight interest rate hikes in a row in 2022, households are apprehensive about Australia’s economic prospects in the new year.The path ahead for inflation is at the centre of economic fortunes domestically and around the world as central banks try to slow their economies gently and avoid a recessionary crash landing.AdvertisementAdIn Australia, headline inflation came in at 7.3 per cent in the third quarter but a softer 6.9 per cent monthly read in October could be a sign inflation has passed its peak.But Treasurer Jim…

Crypto Market May See Renewed Volatility as Whales Begin to Accumulate BitcoinCalm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency’s ultra-low historical or realized price volatility.December 22, 2022 by Omkar GodboleThe crypto market has recently held steady, with bitcoin locked in the narrow range of $16,000 to $18,000 amid lingering macroeconomic uncertainty and FTX contagion fears.The perplexing tranquility may soon fade because bitcoin’s historical volatility hits levels last seen before the late 2020 bull run and investors with ample capital supply begin to accumulate coins.”The…

Companies in the sector will have 180 days to adapt to the new rules.December 22, 2022 by Rodrigo TolottiThis article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter.Brazil President Jair Bolsonaro on Thursday approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate.The new law establishes a crime of fraud involving virtual assets, with a penalty of between four and six years in jail plus a fine. It also creates a “virtual service provider” license, which is to be…

The social media platform said it will refine the user experience and add more tickers in coming weeks.December 22, 2022 by Oliver KnightSocial media platform Twitter has integrated cryptocurrency prices into search results using a plug-in from charting platform TradingView.The integration allows users to type crypto or stock tickers into the search bar to generate the current value and a price chart. The result also includes a link to trading app Robinhood.The social media giant has had several ties to the crypto industry over the past few years, adding a tipping feature in September 2021 while the company was under…

The two countries have launched a mechanism for mutual settlements in national currenciesMoscow and New Delhi have agreed to move away from the dollar and euro in mutual trade, Zamir Kabulov, a senior official at the Russian Foreign Ministry, told RIA Novosti on Wednesday.Although the two countries have decided to switch to national currencies, a full-fledged transition won’t be possible until remaining trade imbalance issues are resolved, Kabulov explained.“India still buys from us more than five times than it sells. Specialists are working on this, looking for a reasonable compromise,” the diplomat said.Moscow and New Delhi have already successfully established…

The nation’s exports could exceed its imports next year for the first time since World War II, according to the outletSales of US crude oil to other nations have reached a record 3.4 million barrels per day (bpd), with the country expected to become a net exporter of crude oil in 2023, Reuters reported on Monday.Exports of refined products, such as gasoline and diesel fuel, stood at about 3 million bpd, according to the report, citing official data. The US is also the leading exporter of liquefied natural gas (LNG), a segment that is expected to see growth soar in…