Wednesday , April 21 2021

International News

China must take ‘decisive’ steps to boost domestic demand: US

Bloomberg The US said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic demand. “China’s recovery has been highly imbalanced” since the hit from the coronavirus pandemic, the US Treasury Department said in its semiannual foreign-exchange report. ...

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India’s Razorpay triples valuation to $3 billion

Bloomberg Razorpay, an Indian startup that facilitates digital payments, is raising $160 million from Sequoia India, Singapore’s sovereign fund GIC Pte and others, tripling its valuation to $3 billion in six months. The Bangalore-headquartered company, which helps businesses to automate their payment systems, will use the funds to expand into ...

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Trade tensions may disrupt supply of chip equipment: TSMC

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the US and China. The company, which produces semiconductors for Apple Inc and other major ...

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UK economy picks up steam as hiring begins with lockdown end

Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and ...

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US consumer sentiment surges along with inflation expectations

Bloomberg US consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. The University of Michigan’s preliminary sentiment index rises to 86.5 from 84.9 in March, data showed. While the figure ...

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