Tsaaro Exposes GDPR Penalties and Warns of Similar Trends in India

Tsaaro, a leading provider of data privacy and cyber security services, revealed the key findings of its survey on GDPR penalties and enforcement trends, revealing that penalties imposed on META platforms account for 82.6% of total fines. The Privacy Fines Report 2022 is the first of its kind, ta...

Dhananjay Sinha argues that investors' confidence in Adani equities won't return for at least another few quarters.

The Budget is being prepared in the midst of a general deceleration in business performance. There are signs of revival in the economy as well, albeit very weak ones. The government's demand or other support is what we're after at the moment. The main concerns we have are on the rural sec...

These nations want to end the global 'poly crisis' by focusing on factors other than gross domestic product.

The global standard for measuring economic health has become inadequate for a rising number of countries. Finland, Iceland, Scotland, Wales, and New Zealand are all part of the Wellbeing Economy Governments cooperation, which is led by a majority of women. As it grows in size over the next severa...

The chemical sector in the United States contributes 25% to GDP.

New research from the US National Academies estimates that by 2020, the chemical sector in the United States will have generated $5.2 trillion (£4.3 trillion) in economic output and employed 4.1 million people. A committee led by Mark Wrighton, a chemist and the current president of George ...

25% of the US economy's GDP comes from the chemical industry

According to a new study published by the US National Academies, the chemical sector in the US generated $5.2 trillion (£4.3 trillion), or over a quarter of the nation's GDP, and employed 4.1 million people in the nation in 2020. A committee led by chemist and president of George Washin...

UAE economy is expected to have its greatest expansion in 11 years with an 8.2% first-quarter growth

The central bank anticipates GDP growth of 5.4% this year and 4.24% in 2023.

Due to increasing oil prices and efforts to lessen the effects of the Covid-19 outbreak, the UAE economy expanded by 8.2% in the first three months of this year, marking the country's greatest quarterly gro...

Activists call on the EU to defend a landmark data privacy regulation

Four years after it went into effect, the groundbreaking data privacy law (GDPR) is still plagued by delays and dysfunction, activists said Tuesday. The European Union must fix this.

The GDPR puts stringent regulations on how businesses can use and store customer information, and it com...

Singapore's GDP increased by 3.4 per cent in the first quarter

Singapore's Ministry of Trade and Industry recently declared that the country's GDP increased by 3.4 per cent year on year in the first quarter of 2022, down from 6.1 per cent in the previous quarter, according to Xinhua news agency.

Singapore's manufacturing sector grew by ...

Despite rising inflation, the UAE's economy is on track for 4.2 percent GDP growth, according to the Central Bank

According to the UAE Central Bank's latest quarterly economic assessment, the UAE is on pace to reach the 4.2 percent growth predicted for 2022, even as inflationary pressures rise. It expects real GDP to grow by 2.3 percent in 2021, up from 2.1 percent previously predicted.

CBUAE m...

Dubai’s Economy Recovering from the Pandemic

Dubai has announced that 181 billion dirhams have been set aside as the budget of the next three years to improve the Emirati’s quality of life and to ensure that it continues to attract foreign talent.

The budget is focused on recovering from the Covid-19 and enhancing developmen...

JAPAN’S ECONOMY FELL BY 4.6 PERCENT IN FY 2020 OVER PANDEMIC

Highlights –

• Japan’s economy fell by 4.6 percent in FY 2020 over pandemic.
• GDP in the January-March period shrank an annualized real 5.1 percent from the previous quarter.
• Exports of goods and services plummeted 10.4 percent.

UN: INDIA GDP EXPECTS TO SURGE 7.5% IN 2021

Highlights: 

• The United Nations (UN) has surged India’s growth forecast to 7.5 percent in 2021, however, they also predicted that India’s outlook for the year will remain fragile.
• The forecast has grown by 0.2 percent from its project...

MOODY FORECAST INDIA’S FY22 GDP TO 9.3%

Highlights:

• The credit rating company, Moody has revised India’s forecast for economic growth in the current financial year to 9.3 percent from an earlier projection of 13.7 percent.
• Moody has joined several analysts who have revised their GDP f...

CORONAVIRUS PANDEMIC INCREASES JAPAN GOVT.’S DEBT TO $940 BILLION IN 2020

Highlights –

• Coronavirus pandemic increases Japan govt.’s debt to $940 billion in 2020.
• As of March 31, the outstanding balance meaning the debt per capita stood at 9.70 million yen.
• The nation's debt reportedly consisted of...

JAPAN EXPECTS ITS ECONOMY TO FALL BY 4.8% IN JAN-MARCH PERIOD

Highlights –

• Japan expects its economy to fall by 4.8% in Jan-March period.
• The Japanese Cabinet Office will release preliminary GDP data for this year's Q1 on May 18.
• The economic outlook for coming quarters remains unclear due t...

CHINA’S MANUFACTURING PMI FELL TO LOWEST LEVEL IN MARCH 2021

Highlights –

• China’s manufacturing PMI fell to lowest level in March 2021.
• Caixin/Markit reported the country’s manufacturing PMI to have dropped to 50.6 in March.
• Producer price inflation in February picked up to its high...

S. KOREAN ECONOMY IS ESTIMATED TO RANK 10TH IN THE WORLD IN 2020

Highlights –

• S. Korean economy is estimated to rank 10th in the world in 2020.
• OECD said the nominal GDP of the country was estimated at around $1.62 trillion in 2020.
• S. Korea’s nominal GDP is said to be slightly higher than th...

UK GDP DECREASED BY 2.9 PERCENT AMID COVID-19 LOCKDOWN

Highlights:

• The GDP of United Kingdom has been decreased by 2.9 percent amid the corona virus lockdown
• The decrease in the GDP has been caused by the declines in the education and retail trade for slowing down the spread of the corona virus

JAPAN’S ECONOMY GREW 11.7 PERCENT IN OCT-DEC 2020

Highlights –

• Japan’s economy grew 11.7 percent in Oct-Dec 2020.
• The country’s real GDP expanded by a double-digit percentage for the 2nd quarter.
• Private consumption remained unchanged from rises of 2.2 percent.

US GDP TO GROWTH 5% THIS YEAR SAYS DALLAS FED RESERVE PRESIDENT ROBERT KAPLAN

Highlights

• According to the forecast made by Dallas Federal Reserve President Robert Kaplan, the United States GDP (Gross Domestic Product) is all set to grow 5 percent and this could be an underestimate

• Kaplan told the Garland Chamber of Commerce later on Monday...