Pressure on Small and Micro Loans May Weaken Consumption Amid Strain on Small Finance Lenders | Business News
As small and micro loans come under pressure, stress on small finance lenders could dent consumption further | Business News Early signs of stress in India’s microfinance institutions, small finance lenders, and unsecured personal loans are beginning to show up, primarily driven by escalating borrower indebtedness. Latest data reveals a surge in delinquencies during the […]
Biden’s $6.6 Billion Loan to Rivian Criticized by Elon Musk’s DOGE Partner Vivek Ramaswamy
Elon Musk’s DOGE partner Vivek Ramaswamy blasts $6.6 billion Biden loan to Tesla rival Rivian Donald Trump’s designated government efficiency co-czar, Vivek Ramaswamy, signaled his intention to scrutinize a loan granted by the Biden administration to EV manufacturer Rivian, a rival of Tesla. Ramaswamy, the founder of several biotech firms collectively known as the “Vants,” […]
Oil and Gas Drilling Expected to Hit 10-Year Peak, but Trump Tariffs Present Risks
Oil and gas drilling projected to reach 10-year high but Trump tariffs pose threat Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat. The Canadian Association […]
Canada’s Economic Growth Takes a Significant Slowdown, Paving the Way for…
Canada’s economic growth eased to a 1% annualized rate in the third quarter, marking a slowdown from 2.2% annualized growth in the previous quarter. The weak gross domestic product report raises the likelihood that the Bank of Canada might deliver a more substantial rate cut at its Dec. 11 announcement, economists say. With annual inflation […]
Column: U.S. Focuses on Scrap to Bridge the Critical Minerals Gap
Column: US targets scrap to close the critical minerals gap As global demand for critical minerals rises amid an electrification and green energy shift, policymakers and industries are increasingly focusing on recycling—often termed “urban mining”—as a solution to the challenges posed by dwindling domestic mining capabilities and environmental concerns. The U.S. Department of Defense (DOD) […]
Canada’s Economic Growth Experiences Significant Slowdown
Canada’s economic growth eased to a 1% annualized rate in the third quarter, marking a slowdown from 2.2% annualized growth in the previous quarter. The contraction raises the likelihood that the Bank of Canada might deliver a more substantial rate cut at its Dec. 11 announcement. With inflation now comfortably at the 2% target, policymakers […]
UK Raises World Bank Contribution, Enhancing Climate Finance Opportunities | COP29
UK increases World Bank contribution, boosting climate finance prospects | Cop29 The UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance. Next week, at a meeting in Seoul of the International Development Association (IDA) – the body that funds the World Bank’s support for low-income […]
Former Google CEO Eric Schmidt warns that Gen Z men might choose AI over real women following a chatbot-related tragedy.
Gen Z men could ditch real women for AI, warns Ex-Google CEO Eric Schmidt after a tragic suicide involving a chatbot Artificial intelligence could soon create the perfect virtual partner, according to ex-Google CEO Eric Schmidt, potentially spelling a societal disaster. Speaking on a podcast hosted by Scott Galloway this week, Schmidt said he feared […]
Canadian Banks’ Q4 Earnings: Insights for Investors
Canada’s largest banks are gearing up to report third-quarter earnings, and with the economy slowing the focus will be on revenue growth, loan performance and the impact of rate cuts on net interest margins. These results will come against the backdrop of big gains in 2024 for many Canadian bank stocks. Shares of RBC (RY), […]
RANKED: The Top 20 Automakers by Expenditure on EV Battery Metals
RANKED: Top 20 automakers by EV battery metal spending Battery metals play a crucial role in the electric vehicle (EV) market, especially as global demand continues to surge. In September 2023, the deployment of essential battery metals reached unprecedented heights, with a remarkable 171 kilotonnes of key materials such as graphite, lithium, nickel, cobalt, and […]