The United Kingdom (UK) and the European Union (EU) last week struck a historic Brexit deal
that cheered global markets, including investors back home. Though most analysts remain bullish on the prospects of companies that do business with the region, but caution that the benefit, if any, will be visible only over the long-term. The UK and the EU have been in complex negotiations since March to try to keep their trade in goods flowing from January 1, 2021. The deal announced on Thursday means that this goods trade – roughly half of the $900 billion of annual EU-UK commerce - will remain free of tariffs and quotas. Read more
activities will bounce back in the coming year as major industries are recovering from the impact of Covid-19, according to a Naukri.com survey on Monday. While 26 per cent recruiters foresee hiring
bouncing back to pre-Covid levels within the next three-six months, 34 per cent said that it would take their organisations six months to one year, said the "Hiring Outlook Survey" by the job portal. The survey, which involved 1,327 recruiters and consultants across the country, showed that jobseekers should remain optimistic for the coming year. Read more
Any doubts that Ant Group
Co. overstepped the mark are now laid to rest. The new dilemma for the company’s management, and its bankers, is rewriting the narrative of the world’s biggest fintech giant. Executives have been told to return the Alibaba Group Holding Ltd. affiliate to its payments roots, Bloomberg News reported Sunday citing a statement from the People’s Bank of China. This directive implies that its credit, insurance and investment product lines may need to be dumped, though the central bank stopped short of calling for the company to be broken up. Read more
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.