Global Crisis

On 24th February 2022, Russian President Vladimir Putin announced a military operation on Ukraine. The war has since not just impacted Ukraine but created a domino effect on the world. A year after the war, Ukraine stands strong, attempting to defend its country and stand by its people. On the other hand, despite the West’s sanctions, Russia hasn’t backed off from the invasion. From the UN to the Oscars, the war has been debated everywhere, but there is no end in sight. On the completion of 365 days of war, we bring you a round-up of key events from the Russia-Ukraine crisis.

Factbox-COP27: Counting the rising cost of climate disasters

On Monday, a G7-led plan dubbed "Global Shield" to provide pre-arranged insurance and disaster protection funding to countries suffering climate disasters was launched at the climate conference.

World has huge expectations from India at this time of 'global crisis,' says PM Modi

Narendra Modi also said that by ending the policy level crisis, his government has created an atmosphere of "red carpet" for investments, instead of pushing investors into the "web of red tape".

UN labour agency: Ukraine war, other crises take toll on jobs

Gilbert Houngbo, the new director-general of the International Labor Organization, called on governments to intervene to help set prices for goods, redirect “windfall profits” and boost income support and social protections.

World Bank says remittances will fall sharply this year

Remittances accounted for 2.8 percent of India’s GDP in 2019

Japan urges G7 to avert another economic crisis

President Barack Obama backed Abe's call, saying it was crucial not just to put people back to work but also raise wages and maintain the momentum of the recovery.

Like banks, IT, pharma; bullish on Eicher:Motilal Oswal AMC

The next major trigger for the market will be the US Federal Reserve's decision on interest rates, Sonthalia says, adding he does not expect the turbulence in China to settle in the short term

Fundamentals still strong; 7900 support for Nifty: Quantum

In an interview with CNBC-TV18, Sanjay Dutt of Quantum Securities says that India is better placed to handle global crisis than India was in 2008.

Hope rally on; pharma good buy on dips: Dipan Mehta

According to Dipan Mehta the correction seen in pharma stocks on back of the geo-political issues in Ukraine is an opportunity to buy into because going forward too there is growth coming in for pharma cos from US and developed East-European markets

Bank downgrade for APAC region, not just India: Moody's

Jean-Francois Tremblay Associate Managing Director Of Global Financial Institutions Group at Moody‘s clarified that the downgrade is broadly focused on Asia Pacific banks and not just Indian banks.

Global economy needs to create 600m new jobs:World Bank

The global economy needs to create an additional 600 million new jobs to absorb the increasing working-age populations mainly in Asia and Sub-Saharan Africa, the World Bank said in a report.

BRICS will blunt EU pain in days to come: Quam Asset Mgmt

Richard Harris, chief executive at Quam Asset Management says the summit will see a couple of good as well as bad news, but the markets are likely to trend forward.

Buy on dips, see 15-20% jump in 12 months: Nomura

Prabhat Awasthi, Head of Equities, Nomura India sees the fall in the market to be a good buying opportunity. In an interview to CNBC-TV18, he suggested buying on every dip.

Investors seek comfort, emerging mkts top list: Mark Mobius

With the ongoing confusion in the markets to find a space to save assets, investors may comeback to the emerging markets, says Mark Mobius, managing director of Templeton Asset Management.

Indian executive at core of S&P's US ratings downgrade

There is an Indian at the helm of affairs surrounding the historic downgrade of the US' creditworthiness, as ratings agency S&P's unprecedented move was taken under the leadership of Deven Sharma.

IMF cuts US growth forecast, warns of crisis

The International Monetary Fund cut its forecast for US economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

IMF stress tests come early for UK, German banks

The International Monetary Fund (IMF) will launch the first of its mandatory health checks on big banks this week under a beefed-up inspection scheme to prevent another global crisis.

Milan menswear plays urban chic, blurs looks

Designers at the Milan menswear fashion week blended timeless cashmere coats with edgy leather jackets for next winter, reinventing styles to gain space in men's conventional wardrobes.