Covid Hit Economy
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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China's Economy Was Once "Robust". Then Covid Returned
China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.
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China's Growth Could Be Severely Affected Amid Zero Covid Policy: Report
In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage
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Budget 2022 Highlights: Income Tax Slabs Unchanged, CryptoTo Be Taxed At 30%
Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.
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Australia Lifts Near 2-Year Entry Ban For Non-Citizens Amid Omicron Scare
Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.
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COVID-19 Pandemic Hit Country's Economy Hard: President Ram Nath Kovind
President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.
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IMF, World Bank Prioritise Vaccine Access To End Pandemic
After kicking massive lending powers into overdrive to help the nations hardest hit by Covid last year, the IMF and World Bank are now focusing on getting vaccines to poor countries to keep the pandemic from derailing the global economic recovery.
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Britain Hits Milestone As Half Of All Adults Get First Covid Vaccine Dose
Half of all adults in Britain have now had at least one COVID-19 vaccine dose, making the country the world's first major economy to hit that milestone, health minister Matt Hancock said on Saturday.
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Covid Safety Norms Hit Festival Shopping, Local Economies Hard
To sell or to be safe? This is India's latest conundrum as markets dependent on the festival economy for their sustenance open up amid the coronavirus pandemic, but find themselves without customers.
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"Worst Of Both Worlds": Shashi Tharoor's Dig At Centre On Covid, Economy
Congress MP Shashi Tharoor today hit out at the centre over its handling of the coronavirus crisis and management of the economy.
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Assam Chief Minister Bets On Aatma Nirbhar Bharat To Help State Economy
Assam Chief Minister Sarbananda Sonowal has sanctioned financial credit worth Rs 1,648.22 crore to nearly 95,000 MSMEs in the state, as part of his government's efforts to bail out the sector and an economy hit by the Covid pandemic
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
-
China's Economy Was Once "Robust". Then Covid Returned
China, which once boasted of a robust defence against COVID-19 pandemic, is now hit hard by the return of the virus.
-
China's Growth Could Be Severely Affected Amid Zero Covid Policy: Report
In the last few weeks, China has seen its worst COVID outbreak since the initial height of the pandemic in early 2020 when the economy slumped. The latest surge in cases could hit first-quarter gross domestic product by at least half of a percentage
-
Budget 2022 Highlights: Income Tax Slabs Unchanged, CryptoTo Be Taxed At 30%
Finance Minister Nirmala Sitharaman presented a Rs 39.45 lakh crore Union Budget 2022 in the Parliament today. The major part of the spending would be on highways to affordable housing, in a bid to revive the economy hit by the Covid pandemic.
-
Australia Lifts Near 2-Year Entry Ban For Non-Citizens Amid Omicron Scare
Australia on Wednesday reopened borders to vaccinated skilled migrants and foreign students after a near two-year ban on their entry, in a bid to boost an economy hit by stop-start COVID-19 lockdowns and restart international travel.
-
COVID-19 Pandemic Hit Country's Economy Hard: President Ram Nath Kovind
President Ram Nath Kovind on Saturday said the Covid pandemic hit the country's economy hard and the government has taken various fiscal measures to alleviate distress and help the poor.
-
IMF, World Bank Prioritise Vaccine Access To End Pandemic
After kicking massive lending powers into overdrive to help the nations hardest hit by Covid last year, the IMF and World Bank are now focusing on getting vaccines to poor countries to keep the pandemic from derailing the global economic recovery.
-
Britain Hits Milestone As Half Of All Adults Get First Covid Vaccine Dose
Half of all adults in Britain have now had at least one COVID-19 vaccine dose, making the country the world's first major economy to hit that milestone, health minister Matt Hancock said on Saturday.
-
Covid Safety Norms Hit Festival Shopping, Local Economies Hard
To sell or to be safe? This is India's latest conundrum as markets dependent on the festival economy for their sustenance open up amid the coronavirus pandemic, but find themselves without customers.
-
"Worst Of Both Worlds": Shashi Tharoor's Dig At Centre On Covid, Economy
Congress MP Shashi Tharoor today hit out at the centre over its handling of the coronavirus crisis and management of the economy.
-
Assam Chief Minister Bets On Aatma Nirbhar Bharat To Help State Economy
Assam Chief Minister Sarbananda Sonowal has sanctioned financial credit worth Rs 1,648.22 crore to nearly 95,000 MSMEs in the state, as part of his government's efforts to bail out the sector and an economy hit by the Covid pandemic
