In a surprising legal resolution, Meta has reportedly agreed to pay $25 million to settle a lawsuit filed by former U.S. President Donald Trump over his social media bans following the January 6, 2021, Capitol attack.   According to reports, $22 million from the settlement will fund the non-profit organization managing Trump’s future presidential library, while the remaining amount will c

Senate Confirms Scott Bessent as Treasury Secretary The Senate has confirmed Scott Bessent as the new Treasury Secretary in a 68-29 vote on Monday, elevating the hedge fund manager to lead the administration’s financial policies as President Donald Trump advances his ambitious economic agenda.   At 62, Bessent steps into t

The Impact of Potential U.S. Tariffs on Canadian Goods: Economic and Political Repercussions The article explores the potential economic and political effects of tariffs threatened by former U.S. President Donald Trump on Canadian goods and the retaliatory measures proposed by outgoing Canadian Prime Minister Justin Trudeau. Here’s a comprehensive look at the key issues:

Billionaire Wealth Skyrockets in 2024 Amid Rising Inequality Global billionaire wealth surged from $13 trillion to $15 trillion in 2024, marking the second-largest annual increase since Oxfam began tracking wealth data, the charity revealed in its annual inequality report on Monday. Meanwhile, the number of people living in poverty has seen little improve

Following the Indian cricket team’s defeat in the Test series against Australia, the BCCI (Board of Control for Cricket in India) has introduced a new  guidelines aimed at promoting discipline, team cohesion, and reducing the influence of 'star culture' within the team. These rules come after consultation with head coach Gautam Gambhir and are designed to ensure a more unif

Capital One has confirmed that it is experiencing a technical issue affecting a range of its customer-facing services. The problem has led to widespread reports from customers who are unable to access deposits, view account balances, or make transactions.   Nature of the Issue According to a statement from Capital One, the outag

  Trump equates trade deficits with financial losses, a perspective economists generally refute. A trade deficit simply means the country imports more than it exports, not that it's losing money. For example, the U.S. had a $67.9 billion trade deficit with Canada in 2023, far less than Trump's claim of "$200 billion." Economist Gary Clyde Hufbauer's analogy highlights this

As of May 2024, the Indian diaspora remains the largest globally, with 35.4 million Non-Resident Indians (NRIs) and People of Indian Origin (PIOs) living abroad, primarily in the UAE and the US. However, changes to tax residency rules introduced by the Finance Act, 2020, have been met with criticism from experts and industry groups, including the Bombay Chamber of Commerce and Industry (BCCI), who argue that the amendments add complexity without yielding significa

Lisa Kudrow Remembers Matthew Perry with a Heartfelt Tribute While appearing on The Drew Barrymore Show, Lisa Kudrow reflected on a touching memento from her late Friends co-star, Matthew Perry. The actress shared that she recently discovered a note Perry had left inside a cookie jar he gifted her when the sitcom concluded. “Matthew

The article discusses the growing inequality in the workforce, particularly for low-wage service workers who lack access to essential benefits like paid holidays, vacation days, and sick leave. It addresses the issue that many workers in the service industry, often categorized as "low-skilled," are essential to the economy, yet they are largely ignored in policy discussions. Despite fears surrounding AI and automation, many of these jobs—such as those in restaurants, hotels, a

 Decoding GDP: Understanding the World's Most Powerful Economic Indicator Gross Domestic Product (GDP) is a widely used indicator of a country's economic performance. It represents the total value of goods and services produced within a country's borders over a specific period, usually a year. In this article, we will delve into the concept of GDP, its calculat

Non-Resident Indian (NRI) deposits have seen a significant surge, with inflows reaching $12 billion in April-October FY25, almost double the amount deposited during the same period last year ¹. This growth is attributed to the three main NRI deposit schemes: Foreign Currency Non-Resident (FCNR) deposits, Non-Resident External (NRE) deposits, and Non-Resident Ordinary (NRO) deposits.  

Former Indian Prime Minister Manmohan Singh passed away on Thursday at the age of 92. Singh was admitted to the All India Institute of Medical Sciences (AIIMS) in New Delhi after his health deteriorated, and despite efforts to revive him, he was declared dead at 9:51 p.m.   Singh served as India's 14th Prime Minister from 2004 to 2014 and was a renowned economist who played a pivotal role i

In a globalized world, transferring money internationally has become a necessity, whether you’re supporting family, paying for services, or managing student expenses abroad. Let’s explore the most affordable and reliable methods to send money internationally. Cost-Effective Ways to Send Money Abroad 1. Peer-to-Peer Payment Platforms Peer-to-peer (P2P) platforms like PayPal, Venmo, and Wise connect senders and receivers

India’s startup ecosystem has become a powerhouse of innovation, shaping industries and driving transformative change across various sectors. With entrepreneurship deeply rooted in India’s economy and culture, the tech industry alone is expected to grow by 3.8% in FY24, surpassing $250 billion, according to NASSCOM. From Artificial Intelligence to quick commerce, startups are not just capturing investors’ interest but also laying the groundwork for groundbreaking a

In 2024, Bollywood's leading ladies not only dazzled on the silver screen but also enchanted us with their exquisite bridal ensembles, setting trends and inspiring brides-to-be across the globe. Aditi Rao Hydari  

6 Financially Smart Ways to Start 2025 As 2025 approaches, it's the perfect time to reassess your financial situation and make adjustments to help you achieve your goals. A little planning now can set the stage for a successful year. Here are six detailed steps to guide you: Revisit Your Budget: Start by thoroughly reviewing your current budget. Take stock of your income sources and all expenses, including fixed c

Virat Kohli, the iconic Indian cricketer, is reportedly planning to shift his base to the United Kingdom with his wife, Bollywood actress Anushka Sharma, and their children. The couple has already been spending considerable time in London, especially since the birth of their second child, Akaay. Kohli’s childhood coach, Rajkumar Sharma, confirmed that the cricketer is looking to make the UK his permanent residence soon. Kohli, who is 36 years old, recently retired from T20 international

SEBI Bars YouTuber Ravindra Balu Bharti and Associates from Securities Market Until 2025 The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute Pvt Ltd, from accessing the securities market until 4 April 2025. SEBI has also ordered them to disgorge ₹9.50 crore, along with 6% simple annual interest, for unlawful gains earn

In a swift move following Chrystia Freeland’s resignation as Canada’s Finance Minister, Prime Minister Justin Trudeau appointed long-time ally Dominic LeBlanc to the pivotal role. The 57-year-old LeBlanc, who previously served as Public Safety Minister, now faces the daunting task of managing Canada’s finances amidst a growing Can$62 billion deficit—far exceeding initial projections. The Canadian economy is also grappling with various challenges, including the looming