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New York (CNN Business) The American economy didn't get the memo that it's supposed to already be in a recession. The brutal GDP report released on July 28, showing the economy had contracted for a second quarter in a row, led some to insist the much-feared recession had already arrived. The good, the bad and the unknown of the inflation news And in some ways that makes sense: Since 1948, every period of back-to-back quarters of negative growth coincided with a recession. But the recession-is-already-here argument has been severely undermined since that GDP report came out. A series of events in the past 10 days suggest those recession calls are, at a minimum, premature. Yes, the economy is cooling off after last year's gangbusters growth. But no, it does not appear to be suffering the kind of downfall that would qualify as a recession. Read More Consider the following developments: The economy added more than … [Read more...] about American recession fears collide with reality

- A + A SINGAPORE (Aug 15): With high natural gas prices showing no signs of abating and supplies becoming harder to obtain, cheaper and dirtier alternatives to the fuel are looking increasingly tempting for energy-hungry buyers. Liquefied natural gas (LNG) prices in Asia are now near US$50 (RM222.94) per million British thermal units. On an energy-equivalent basis, gas was at about double the price of diesel as of Friday, with high-sulfur fuel oil (HSFO) and coal cheaper still, according to data from S&P Global Commodity Insights. In Europe, the situation is similar, with natural gas at around US$60, at least triple the price of HSFO and propane, according to energy consultancy FGE. Natural gas has become the hottest commodity as Russia, a crucial source of piped gas to Europe and LNG to Asia, maintains a stranglehold on supplies amid a global energy crunch. There is not enough to go around, and the situation is expected to worsen with the approach of … [Read more...] about World embraces dirtier fuels as gas hits exorbitant heights

Paytm founder Vijay Shekhar Sharma (left) and PhonePe founder Sameer Nigam A host of things can trigger bitter rivalry between top fintech companies. These include – apart from market share – the creation of slicker apps, developing better credit algorithms, hiring the best talent, or winning the most important licences. Fintech unicorns Paytm, PhonePe and BharatPe are now competing fiercely on another front: Deploying more speaker devices in stores that announce receipt of payments made through their apps. Picture this. A shopkeeper is catering to several customers. Some pay cash and others use payment apps to scan the now ubiquitous quick response (QR) code pasted on the front desk. The busy merchant barely manages a glance at the message on their mobile phone screens confirming payment and they leave. Later, the merchant discovers the payment did not reach his account. And he realises that he was duped – the mobile screen message confirming completion of the payment … [Read more...] about Paytm vs PhonePe: Merchant sound device may be at heart of feud

Top Performers July started off by ending on a positive note with crude oil prices facing a slippage. The banking stocks also played an important role in leading the markets up. The second week of July saw the Indian share markets lose their gains due to fears that the US Federal Reserve would step forward with more aggressive rate hikes because of the soaring inflation. It was also projected that the Reserve Bank of India would hike rates due to strong domestic inflation. The third week of July saw Indian share markets ending positively. The week cruised through the volatility faced by the markets due to weak global cues. Furthermore, investor sentiments were lifted as FIIs seemed to return to the Indian markets. In the final week of July, Indian share markets ended on a strong positive note. This was due to index heavyweight stocks being rallied and the fact that investors were relieved by Jerome Powell’s comments on recession. Smallcases are model portfolios of stocks/ETFs … [Read more...] about Top Performing smallcases of July 2022

The first week of July saw the Indian share markets ending on a strong note. This was due to crude prices softening which in turn helped ease the worries of inflation. Crude oil prices fell and saw a slippage of under US$ 100 per barrel as the fear of a potential global economic recession loomed, stirring concerns for oil demand. The banking stocks were another reason for the Benchmark indices ending on a positive note. The second week of July saw the Indian share markets lose their gains due to fears that the US Federal Reserve would step forward with more aggressive rate hikes due to the soaring inflation. Prospects of more rate hikes by the Reserve Bank of India were also projected due to strong domestic inflation. The third week of July saw Indian share markets ending positively. Although the week ended positively, some volatility was seen in the markets due to weak global cues. Furthermore, investor sentiments were lifted as FIIs seemed to return to the Indian markets. This was … [Read more...] about Most Bought smallcases for July 2022

Share to Twitter Share to Linkedin When the COVID-19 pandemic hit the world in March 2020, most companies were forced by this unprecedented health crisis to work remotely. For Cybin, a developer of psychedelics for patients with mental health disorders, working from home was always on the agenda. And, unlike other companies that have returned to the office or adopted hybrid schedules, Cybin, which launched in 2019, has no plans anytime soon to change its work model. As Lori Challenger, Cybin's chief compliance, ethics and administrative officer explained, the challenges that have frustrated other companies when it comes to working remotely, have only made Cybin thrive and grow. Since starting the company with a skeletal staff of 10, Cybin has expanded into an international team of 50 plus workers. The momentum isn’t abating. Last week, Cybin, which currently trades on the New York Stock Exchange under the ticker symbol “CYBN,” announced it would be rolling out … [Read more...] about Launched Pre-COVID, A Psychedelics Company Finds Its Sweet Spot In Being –And Staying- Remote

Share to Twitter Share to Linkedin One of the original chemists who designed synthetic cannabis for research purposes, John W. Huffman, PhD once said that he couldn’t imagine why anyone would try it recreationally. Because of its deadly toxicity, he likened it to playing Russian roulette , and said that those who tried it must be “idiots.” Whether that’s the case or not, the numbers of users is certainly rising, and so are overdoses. New Hampshire has declared a state of emergency , and the number of emergency room visits for overdose from the synthetic drug has jumped. One teen died earlier this month after slipping into a coma, reportedly from using the drug. Synthetic pot also goes by hundreds of names: Spice, K-2, fake weed, Yucatan Fire, Bliss, Blaze, Skunk, Moon Rocks, and JWH-018, -073 (and other numerical suffixes), after Huffman’s initials. Synthetic cannabis, unlike pot, however, can cause a huge variety of symptoms , which can be severe: … [Read more...] about Why Synthetic Marijuana Is More Toxic To The Brain Than Pot

Share to Twitter Share to Linkedin Gyde and Seek is a travel platform that does not believe in travel as usual. I confirmed this in Mexico this summer after becoming addicted to the customized, socially-conscious private touring company that operates in 20-plus cities internationally. If you haven’t tried it, you really should. Paco is a former professional bullfighter and ex-Olympic chess prodigy who’s as at home in Mexico City’s ballet folklórico scene as he is taking visitors to lucha libre . In colonial Puebla, Maria knows the best hidden spots for baroque dishes, like chiles en nogada, but her true passion is tacos árabe. Then there’s Salvador , who will elucidate Toltec ruins in Tula or the Aztec glyphs of Tepotzotlán but can go deep on Chicago blues, too. The company was co-founded by Vanessa Guibert Heitner, a veteran travel planner, and her friend Andrea Guthrie, a business strategist who grew up living around the world with her … [Read more...] about A Travel Company So Discerning They Even Smell Their Tour Guides

A 48 year old Thai man finally got his first ID card after a lifetime of trying, thanks to a little help from the Thai media. The man, Sena Sriphet, is from the Koh Chan district in Chon Buri province, but he moved to live with his wife in the Nong Bua sub-district, Pa Kam district, in the Isaan province of Buriram 10 years ago. Sena informed the media that he has never had an ID card even though all his relatives and siblings have one. The issue only became a problem when his wife died and he had to pay for surgery for leaky gut syndrome after an accident at work. He revealed he couldn’t get any welfare help because he did not have an ID card and the government did not recognize he existed. Government officials recommended he took a DNA test to prove his Thai nationality. He completed the DNA test, and the result matched with his relatives, but he still didn’t get an ID card. Sena said he had to pay for the DNA test by himself too, which generally costs between 6,500 … [Read more...] about 48 year old Thai man gets first ID card after a lifetime of trying

by Pratch Rujuvanarom Thailand’s environmental experts are urging people to make small changes in their lifestyle to help tackle the huge plastic waste menace. They say it’s important for people to make small changes in their daily lives in order to cut down on the huge amount of plastic waste being generated. Thailand faces critical problems caused by plastic pollution. The country produces more than 2 million tonnes of plastic waste per year and ranks sixth among countries with the largest amount of mismanaged plastic waste. Public officials from the public sector and academics pointed out on Thai Environment Day yesterday that the problem of plastic pollution can be solved through behaviour adjustment and active participation by everyone, along with the proper policy support from the authorities. Yesterday’s commitment by retail outlets to reduce or eliminate the use of plastic bags was, mostly, a failure with few stores getting behind the one-day initiative. But there … [Read more...] about Thailand urged to shun single-use plastic