Europe Stocks Slump on Travel Rules; Dollar Steady: Markets Wrap

(Bloomberg) — European stocks fell on Friday as fresh quarantine rules and a record drop in second-quarter employment weighed on recovery hopes. Treasury yields declined after rising for five days and the dollar drifted.

The Stoxx Europe 600 Index sank after Britain added France, the Netherlands and Malta to its list of countries from which people arriving have to quarantine for 14 days. EasyJet Plc fell as much as 8% and British Airways owner IAG SA by as much as 7%.

Futures on the main U.S. equity benchmarks slipped ahead of retail sales data for July. Gold edged lower and

3 years of GST: What taxpayers still complain about; an in-depth look at its role in Indian economy

Introduction of e-way bills and removal of state check posts have reduced transportation time by 20-25%.

 Divakar Vijayasarathy

“The first step to getting anywhere is deciding you are no longer willing to stay where you are”, so when our Late Prime Minister Shri Vajpayee, mooted the idea of “One Nation One Tax” i.e GST in 2000, little did one realise that it would take 16 years with numerous Committees and deliberations cutting across political lines to finally get the legislation enacted in 2016. So here we are finally, with our own desi version of GST, to meander through the complexities

Intel reveals new transistor technology, claims its future chips could be 20% faster

Intel’s shares have fallen nearly 20% since the delays were disclosed.

Intel Corp on Thursday disclosed a new method for making transistors on semiconductors that its chief architect said could boost the performance Intel’s next round of processors by as much as 20%.

The Santa Clara, California-based company is one of the few remaining in the world that both designs and manufactures its own chips. But its manufacturing operations have become a concern among investors after Intel last month said that its next-generation chip-making process, called its 7-nanonmeter process node, would be delayed.

Analysts believe the delays could cement the

The big ‘surprise’ that could send stocks higher: Morning Brief

Thursday, August 13, 2020

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Investors have been buying losers and selling winners.

The last few days of market action have been among the most interesting in months.

Everything that worked suddenly lagged.

Everything that had been falling behind this market was quickly in a leadership role.

After the Nasdaq hit a record high last Thursday, the sectors, styles, and factors that had been out of fashion for most of the summer became the stars of the show.

And as Nomura strategist

Nirmala Sitharman says any Income-Tax related communication not generated from computer will be invalid

FM said that the vision of PM Modi is to empower the taxpayers, to provide a transparent system, and to honour the honest taxpayers.

Finance Minister Nirmala Sitharaman today said that any communication from the Income Tax Department without a computer-generated DIN, be it a notice, letter, order, summon, or any other correspondence will be invalid and would not stand in the eyes of law. In the event of the launch of the platform ”Transparent Taxation – Honoring the Honest” by Prime Minister Narendra Modi, FM Sitharaman added that the faceless tax scrutiny assessment and appeal would help ease

Dropbox rolls out slew of privacy features for professional, business users looking for enhanced data protection

Dropbox has also introduced a file backup function that automatically synchronizes directories (File image: Reuters)

As the users across the world are struggling to keep their data safe and the increase in the number of data breaches from various apps, Dropbox has brought in enhanced technologies to help users in the protection of their data. The cloud storage company has rolled out Passwords, Vault, and backup features for computers that were previously only accessible in beta form. However, these newly added features will not come free for the users and they will have to pay at least $12 a month,

The big ‘surprise’ that could send stocks higher: Morning Brief

Wednesday, August 12, 2020

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A vaccine.

Since the market bottomed on March 23, the S&P 500 has rallied 49% while the Nasdaq is up more than 55%.

And with the S&P 500 now within 1% of a record high, strategists have been writing quite a bit about the next catalyst to keep stocks pushing higher.

And the most common answer seems to be a vaccine.

Jared Woodard, a strategist at Bank of America Global Research, said in a note published Tuesday that

UK plunges into deep recession, Rishi Sunak admits ‘hard times are here’

“The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record, said Jonathan Athow, Deputy National Statistician at the ONS.

The UK economy plunged into a deep recession as it shrank 20.4 per cent between April and June at the height of the coronavirus lockdown, according to new figures released on Wednesday. Reacting to the Office for National Statistics (ONS) data, UK Chancellor Rishi Sunak admitted that it indicated that the hard times had warned about are here and that many more jobs will be lost.

“I’ve said before that hard times

Anarock partners with UAE’s Vindico to provide design, leasing services for malls, retail stores

Founded in April 2007, Anarock is a real estate services company with a presence across India and the Middle East. Its revenue increased 36 per cent to Rs 256 crore during the last fiscal year.

Homegrown property consultant Anarock on Wednesday said it has partnered with UAE’s Vindico to help mall owners as well as retailers in designing and leasing of retail spaces in a better way to ensure success in post-COVID era. Vindico is a global leader in retail design and delivery, having opened over 10,000 shops and restaurants across four continents.

“The Anarock-Vindico partnership will deliver scientific, success-oriented

An 1,100% Stock Gain Is Hong Kong’s New Protest Rallying Cry

(Bloomberg) — They’ve occupied Hong Kong’s central business district, marched by the hundreds of thousands through the city’s streets and endured tear gas and pepper spray in pitched battles with riot police.

Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts.

To show support for Jimmy Lai, the publisher and outspoken government critic who was arrested Monday under the city’s new national security law, Hongkongers have been piling into shares of his media company, Next Digital Ltd. The result: a more than 1,100% surge in two days that propelled the stock to a seven-year