#Economics

Noida, Uttar Pradesh, India (NewsVoir) Yet another important milestone in the journey of Prometheus School to offer quality and affordable education of international standards, in India. The ...

.New Delhi, Delhi, India
Kristalina Georgieva was born in Sofia, Bulgaria on August 13, 1953. (PTI Photo)

  • Kristalina Georgieva has served as the Managing Director for the IM since October 1, 2019
  • She served as the CEO of the World Bank Group from January 2017 to September 2019
  • Georgieva began her career in public service as an environmental economist at the World Bank in 1993

The EU states treat China as a "systemic rival" and have expressed concerns over China's rights record. (Photo credit: PTI)

  • Joerg Wuttke said that this month that negotiators had "apparently made great strides on market access"
  • China pushed past the United States in the third quarter of this year to become the EU's top trade partner
  • China's willingness to address the labour rights has helped this deal go through

.Mumbai, Maharashtra, India
According to traders, market volatility was heightened as October futures and options contracts expired. (Photo Credit: Representative Image/Pixabay)

  • The BSE Sensex ended 172.61 points or 0.43 per cent lower at 39,749.85
  • The broader NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80
  • L&T was the top laggard in the Sensex pack, dropping around 5 per cent

.Mumbai, Maharashtra, India
IndusInd Bank was the top loser in the Sensex pack, shedding over 3%. (Photo Credit: Representative Image/Unsplash)

  • The 30-share BSE index hit a low of 39,774.60 during the day
  • It ended 599.64 points or 1.48% lower at 39,922.46
  • NSE tanked 159.80 points or 1.34% to close at 11,729.60

.New Delhi, Delhi, India
Healthy sales growth for FMCG companies suggest the worst of the pandemic-lead economic slowdown is probably behind us. (Photo Credit: Representative Image/Pixabay)

  • Hindustan Unilever Ltd recorded 3% increase in sales in the July-September quarter against a 7% decrease in the April-June quarter
  • GST collections in September showed a positive 4% growth against a negative 12% in August
  • Exports rose for the first time this fiscal, by nearly 6% in dollar terms in September

.Mumbai, Maharashtra, India
Sensex rallied over 400 points, tracking strong buying sentiment in index majors HDFC twins, ICICI Bank and Reliance Industries. (Photo Credit: Twitter/@ANI)

  • The 30-share BSE index was trading 404.42 points or 1 per cent higher at 40,948.79
  • IndusInd Bank was the top gainer in the Sensex pack, surging around 3%
  • Nestle India, HUL and TCS were among the laggards in Sensex

.Washington D.C., DC, USA
IMF said fiscal policy for the future will depend on the evolution of COVID-19. (Representative Image/Unsplash)

  • Countries have spent $11.7 trillion in response to the COVID-19 pandemic: IMF
  • Swift and decisive financial action was crucial in saving lives, said IMF official
  • The global public debt has shot up to 100% of the GDP in 2020

JPMorgan had set aside billions of dollars in bad loans in the last two quarters. (Photo Credit: Representational Image/Unsplash)

  • The bank reported $611 million in credit costs in the third quarter
  • Shares of JPMorgan rose 1.5% to $104.00 in pre-market trading
  • The results show the bank's commitment to "an inclusive economic recovery": Official

.New Delhi, Delhi, India
Nobel laureate Robert Wilson telling co-winner Paul Milgrom that he had won the Nobel Prize. (Photo Credit: ScreenGrab-Twitter/Stanford University)

  • Robert Wilson and Paul Milgrom have won the 2020 Nobel Prize in Economic Sciences
  • Both are professors at Stanford University and live on the same street
  • The university shared the video of Wilson telling Milgrom about his feat