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Will Banks supporting Crypto Currency have tough time ahead ??
#Cryptocurrencies like #Bitcoin and Ethereum have gained popularity and legitimacy in recent years, they are still a relatively new and untested asset class. This means that there is a lot of uncertainty and volatility associated with cryptocurrencies, which can present risks for banks.
Banks that support cryptocurrency will need to stay up-to-date on regulatory changes and ensure that they are complying with all applicable laws and regulations. Another challenge is the volatility of the cryptocurrency markets. Cryptocurrencies are known for their extreme price fluctuations, which can create risks for banks that hold these assets on their balance sheets.
As per the report, many banks are already making significant investments in cryptocurrency and blockchain technology, and see these assets as an important part of the future of finance.
Today's Headline in NewsHours
0:00 Intro
3:24 #BlackBerry comes up with its new IoT ‘Center of Excellence’ in India
4:00 #UIDAI makes online updating of documents free for three months
4:41 OpenAI announces ChatGPT successor GPT-4
5:20 Airtel increases base prepaid plans rate across all 22 circles
6:00 Meta puts on hold bonuses for Facebook Reels creators
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Will Banks supporting Crypto Currency have tough time ahead ??By VARINDIA| 38 views
Is recession hitting in 2022?
The Russia and #Ukrainewar is taking the world towards recession, with the growing impact on food, energy and fertiliser prices, and developing nations among the worst affected. Ukraine and Russia would likely see significant contractions, Europe, and the United States would see slower growth, whereas China will also see relatively sharp slowdown due to Covid, inflation and a pre-existing real estate crisis. So, are we going into recession in 2022?
The increased geopolitical risks induced by the Russian invasion of Ukraine will weigh adversely on global economic conditions throughout 2022. Such effects are estimated in our model to reduce #GDP and boost inflation significantly, exacerbating the policy trade-offs facing central banks around the world.
As per the IMF forecasts, global growth in 2022 is at 4.4%, but these projections are being revised downwards due to conflict and the fallout from sanctions. The US economy is likely to slow in 2022 and 2023 but will narrowly avoid a recession as the Federal Reserve implements its rate-tightening plan to curb inflation, as per the International Monetary Fund.
Experts are now forecasting on the type of recession to arrive, whether it’ll be a V-shaped recovery, which is quick, with a sharp decline to a bottom followed by a dramatic rise. In a U-shaped recovery, on the other hand, the economy spends longer at the bottom and then gradually rebounds.
Whereas, a W-recovery is when the economy passes through a recession and into recovery and then immediately enters another recession, and K-shaped means some parts of the economy recover more quickly than others. Whereas the Economists are watching the economy closely and many are boosting their odds of a recession occurring in the near term.
Citigroup, assessing global economic growth over the next 18 months, sees a 50% probability of a global recession happening, while Goldman Sachs has put the odds of a recession for the U.S. in thBy VARINDIA| 44 views
Global growth forecast for 2022 to cut 3.5% amid Russia-Ukraine war
The report on global economic growth forecast for 2022 has downwardly revised from 4.4% in February to 3.5% in April 2022. The survey says that this decrease is due to deepening supply chain disruptions, vaccination inequality and higher inflationary pressures amid the Russia-Ukraine war. Global geopolitical tension is increasing the risks involved with investment and trade, as well as causing fluctuations in consumer demand. Further, prolonged conflict between Russia and Ukraine will continue to impact global growth in terms of production, trade, and employment. Major economies will continue to adopt tighter monetary policies to tame inflationary pressures amid rising oil and natural gas prices. GlobalData has revised its forecast for real gross domestic product growth in most regions: 0.5 percentage points for Asia-Pacific, 6.5pp for East Europe, 0.7pp for Western Europe, and 0.5pp in North America. The report anticipates that the Asia-Pacific region will be the fastest growing region in 2022, with its real GDP growth rate forecast at 4.2%. This is followed by the Middle East and Africa (MENA) region (4.1%), North America (3.4%), Africa (3.4%), West Europe (3.3%), Latin America (1.9%) and East Europe (-2.9%). India and China are forecast to grow by 7.7% and 4.5%, respectively, in 2022. Despite the risks and the expected slowdown in economic growth, India and China are expected to drive global growth. Other countries such as Vietnam, Bangladesh, Malaysia, and the Philippines are projected to register above 6% growth in 2022.
Global inflation is expected to rise to 6% in 2022, from 3.5% in 2021, due to a sharp rise in oil and gas prices, putting an upward pressure on the prices of goods and services. It forecasts that there will be a 6.6% inflation rate for the US alone, which is well above the Fed’s long-term target of 2%. Meanwhile, Eurozone’s inflation targets of 2% will be exceeded by major European countries in 2022. The Western sanctions on Russia, aBy VARINDIA| 6 views
Citibank to exit 13 global consumer banking markets, including India and China
Citigroup announced Thursday it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small. Citigroup will depart China, India and 11 other retail markets, where "we don't have the scale we need to compete," said Citi Chief Executive Jane Fraser.
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Citibank to exit 13 global consumer banking markets, including India and ChinaBy The Economic Times| 211 views
Citi to extend health insurance, relocation expenses to all 'domestic partners' | Economic Times
Citigroup Inc has decided to extend family health insurance coverage and relocation expenses in India to all "domestic partners," including live-in partners and LGBT (lesbian, gay, bisexual, transgender and queer) partners. While a handful of overseas and Indian companies have recently extended similar benefits to LGBT employees, the New York headquartered investment bank and financial services corporation will be one of the first in the country to offer insurance cover to live-in or unmarried partners of heterosexual employees in its group insurance policy. Rica Bhattacharyya reports.
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How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Facebook: https://www.facebook.com/prettysimplenkBy Nidhi Katiyar| 384038 views
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Check here the top performers of the second week of ODI World Cup 2023. Here are the top players who have given their best to ensure their teams win the World Cup
This content contains the Best players from the second week of the world cup 2023.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023By CricTracker| 723 views
धार्मिक व्यक्ति क्या करें क्या नहीं ? by Sakshi Shree
संबुद्ध सदगुरु साक्षी श्री आपके जीवन की प्रमुख समस्याओं को बिना बताए स्वयं ही लिख देते हैं और फिर उसका अत्यंत प्रभावशाली समाधान भी उपलब्ध करा देते हैं। इसे स्वयं साक्षात अनुभव करने के लिए आप सादर आमंत्रित हैं।
इस जीवन रूपांतरकारी भेंट का लाभ उठाने के लिए आप जो महत्वपूर्ण सहयोग राशि देते हैं, वह मलिन बस्तियों के अभावग्रस्त बच्चों की बुनियादी शिक्षा, आश्रय व पोषण के कार्य में उपयोग के लिए सीधे झुग्गी झोपड़ी शिक्षा सेवा समिति के खाते में जाती है। इस प्रकार आपकी सहयोग राशि सच्चे अर्थों में सेवा बन जाती है।
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धार्मिक व्यक्ति क्या करें क्या नहीं ? by Sakshi ShreeBy Sadguru Sakshi Ram Kripal Ji| 36 views
BodyFaming Trailer:Bhumi Pednekar, Nawazuddin Siddiqui, Fatima Shaikh, Mona Singh, Sobhita & Dolly S
It's time we celebrate ourselves and get high on self-love! Introducing you to Bollywood Bubble's brand new show 'BodyFaming'. A show that talks about loving your body, smashing age-old beauty norms and being comfortable in your own skin. Watch host Rashita Sahni get up close and personal with Bhumi Pednekar, Nawazuddin Siddiqui, Fatima Sana Shaikh, Mona Singh, Sobhita Dhulipala & Dolly Singh about dealing with body-shaming, getting over their inner insecurities and self-doubt and standing by the mantra - 'my body my rules'! Episodes drop every Tuesday at 2 PM only on Bollywood Bubble. Watch out.
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BodyFaming Trailer:Bhumi Pednekar, Nawazuddin Siddiqui, Fatima Shaikh, Mona Singh, Sobhita & Dolly SBy Bollywood Bubble| 749 views
CII Celebrates India@75 - India's IT Journey@75
#DYK India is the largest #Software exporter in the world? As India completes #75yearsofIndependence, let's look at the country's IT journey over the last 75yrs.
#IndiaAt75 #HarGharTiranga #AmritMahotsav #CIICelebratesIndiaat75
CII Celebrates India@75 - India's IT Journey@75By CII| 226900 views
Technical Session V, Q&A
Global Summit 2020 "Mission 5 Trillion – CMA as a Cryogenic Force"
Watch Technical Session V, Q&A With HD QualityBy ICMAI| 898936 views
