India, the biggest rice exporter in the world, has banned export of broken rice in an effort to control domestic prices. The government also introduced a 20% export tax on a number of rice varieties effective September 9. Most vulnerable countries According to financial services company Nomura, cited by CNBC, there will be uneven […]
Indian tycoon Gautam Adani just ousted Jeff Bezos as the second-richest person in the world. He has been climbing the ranks of Bloomberg’s Billionaire Index rapidly, CNN wrote. While Elon Musk remains the richest hectobillionaire with $260 billion, he’s facing tough competition from Adani, who started 2022 as the 14th richest, but is already the […]
As the world of work continues to evolve, co-working spaces are becoming increasingly popular. Co-working involves sharing a workspace with other professionals, often from different companies or industries. India is one of the nations at the forefront of the co-working revolution. A MoneyTransfers H1 2022 data presentation shows co-working spaces constituted 20% of India’s roughly […]
Paysend, a leading company in the money transfer industry, is aiming to attract more customers from around the world. In a statement this week, the company said that it was lowering its prices for money transfer services globally. Instant Account Payments In a statement, Paysend said that it will simplify how individual customers and businesses […]
Western Union, the giant money transfer company, is putting more emphasis on its digital banking business. In a statement, the company said that it was acquiring Te Enviei, a leading digital wallet in Brazil. Western Union is a leading company that is well-known for its money transfer services. In a bid to expand its business […]
OPEC and OPEC+, a partner and leading energy alliance, shocked energy markets by agreeing on a small reduction of output starting next month, destabilizing them event further at a time of significant volatility. The two organizations decided to reduce production by about 100,000 barrels per day from October. OPEC was expected to maintain its current […]
The Zaporizhzhia nuclear plant, which is the biggest in Europe and located on the front war line, has lost power again, UN inspectors reported, cited by Reuters. Its last main power line has fallen through. A backup line is still supplying the grid with electricity, the International Atomic Energy Agency (IAEA) assured. Only one of […]
On Friday, Russian energy giant Gazprom announced indefinite cessation to gas flow via Nord Stream to Europe on account of the need for “additional repairs.” Previously, supplies had been halted for maintenance for a week, and were expected to start today, September 3. EU economics commissioner Paolo Gentiloni told CNBC in an interview: If the […]
WorldRemit, the money transfer company owned by Zepz, has partnered with Hello Paisa as it seeks to gain market share in Zimbabwe. WorldRemit partners with Hello Paisa The money transfer industry is one of the most competitive ones in the world. As a result, leading companies in the sector are focusing on partnerships to achieve […]
Unless businesses in the UK get government support for their skyrocketing energy bills, they will simply “close doors this winter,” said Baroness Ruby McGregor-Smith, head of the British Chambers of Commerce (BCC), quoted by BBC. She said the measures to help companies should be of the same magnitude as in the worst pandemic days, adding […]