In the pandemic days, the British government provided businesses with over £100 billion of support to get through a crisis. Rishi became British Chancellor of Exchequer (British Finance Minister) in February 2020. Weeks later, the United Kingdom declared a lockdown that forced the British government to announce the Coronavirus Job Retention Scheme,known as the furlough scheme. The scheme provided grants to employers to pay 80 per cent of their staff wage and employment costs, up to £2,500 per employee a month, until September 2021 after several rounds of extension. To compensate for the outgo from the exchequer, the British Finance Minister announced a hike in corporation tax from 19 per cent to 25 percent from 2023. This is the first time the British government has decided to r...
Read MoreCategory: Around The World
Much has changed in recent years. No one has noted many of the changes, because the change was insignificant but consistent. Too many moles make a mountain. Himalaya melted more significantly in the last four decades filling the rivers and flooding their basins. Over 1.2 billion people on earth depend on the water resources of melting Himalayan ice. Faster melting depletes the resources equally faster and consistent reduction in mountain size, significantly influencing the monsoons in the east, west and southern hemisphere. Thus, the rain-fed regions are put to face a potential danger of dwindling rains and erratic weather conditions. The Himalayas will continue to face the impact of climate change and man-made environmental offences. As the world knows, China is making the planet an unli...
Read More
Europe and America are still cold. The virus hasn't shown any sign of retreat. In fact, a second wave is passing through. the two continents. In Beijing. Associated Press reported, official churches abruptly cancelled Mass on Christmas Day. China’s Capital was put on high alert after confirmation of two COVID-19 cases last week, and two new asymptomatic cases were reported Friday. One of several notices was posted at Beijing's St Joseph's Church , which was built by Jesuit missionaries in the 17th century. According to the foreign reports. in Paris, members of Notre Dame Cathedral's choir, wearing hard hats and protective suits — not against COVID-19 but for construction conditions in the medieval landmark ravaged by fire in 2019 — sang inside the church for the first time since ...
Read More
China's richest entrepreneur is facing an antitrust action initiated by the Xi government in an effort to take control of the entire tech- industry. Jack is unlikely to be the jack of China's e-commerce again. A great success. now aged 56, China's richest man, Jack Ma, also called Daddy Ma, is now termed “evil capitalist”. The Chinese Fintech giant initially stormed people's minds. But now. it is said people love to hate him. He disappeared never to appear as Jack Ma. The English teacher turned entrepreneur, is facing the wrath of China's communist government, while the party members continue to stay friends with him? Isn't the antitrust action against him going to be an eye-wash? Or is it merely a ploy played by the government to supersede Alibaba? A day before Christmas. Chinese...
Read More
After months-long uncertainty, Brexit UK and EU reached an arrangement, perhaps to save the entire Europe. Having lost all hopes of a decent trade deal with the European Union initially.Boris Johnson had a tough time until December 22. He was very upset on the day at a Press Conference. A day before a deal was Struck at Brussels. Had a trade deal between the UK and EU failed, the post-Brexit UK would have landed in chaos, which somehow Boris managed a sail-through the puzzle. After nine months of tough talks. a deal was concluded in a flurry of financial negotiations in Brussels, thanks to the melting of ice over the fishing issue that had stopped the progress of the negotiation. A day before Christmas. western newspapers reported that the UK and EU were “on the cusp of signing off the...
Read More
Donald Trump signed the bill into law. Adults and children will get $60 each adding $300 to a Weekly unemployment payment for 11 weeks. Second-round US aid package is designed to cut the impact of the pandemic-led economic crises. The Senate of the United States of America approved $ 900 billion of relief for small businesses and households battered by the pandemic-induced lockdown. This emergency measure is expected to buoy the US through the difficult months ahead, reports a leading global business newspaper. The President signed the bill into law. Adults and children will get $600 each adding $300 to a weekly unemployment payment for 11 weeks. This is the second round of lockdown-impact relief payment. The new measure provisioned an additional $100 a week subsidy for workers who hav...
Read More