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Global container shipping rates high but unsustainable: Fitch

LONDON: Global container shipping companies' performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings. Spot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch said the current rates are...

Ways for MSMEs to emerge stronger after the Covid pandemic

In a bibliotheca about the success of the Indian economy, the micro, small, medium enterprises (MSME) would have a separate book written on them. Such is the contribution of the sector that not only it accounts for 29% of Indian GDP, but also employs...

World trade bounces back to pre-coronavirus levels

AMSTERDAM: International trade recovered at the end of 2020 to pre-coronavirus levels, making up for the sharp hit from the COVID-19 pandemic in the first half of the year, Dutch economic policy adviser CPB said on Thursday. World trade increased 4% on a quarterly basis...

How 2020 paved the way for private equity sector: Report

NEW DELHI: While the year 2020 was going through a challenging situation in terms of an economic slowdown, further accelerated by the pandemic, private equity investments in India witnessed an all-time high deal value, according to a report. Private Equity investments reached a five-year-high...

MSME sector is the key to unlock India’s economic growth

The MSME sector in India is one of many contradictions. On the one hand, it has access to the best technologies, but on the other, lack of technology keeps companies from reaching markets and achieving the scale they are capable of. While there are...

China back as top India trade partner even as relations sour

China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict. Two-way trade between the longstanding economic and strategic rivals stood at $77.7 billion last...

Upskilling has become a priority for SMEs in 2021: Report

BENGALURU: Upskilling programmes are seeing a rising demand among small business owners in a post-pandemic world, finds a new report. According to data from a recent Instamojo report titled ‘Indian E-commerce Outlook 2021’, which predicts upskilling to become a priority for small businesses this year,...

World’s biggest shipper reports rebound in business

COPENHAGEN, DENMARK: The world's biggest shipping company, Denmark's A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic. The Copenhagen-based company reported a net profit of...

A new commodities boom beckons when pent-up demand is unleashed

The eventual end of the coronavirus pandemic is likely to herald a consumption boom, piling pressure on precarious supply chains and boosting raw material prices, according to the Merchant Commodity Fund. “There’s a huge amount of pent-up demand in the consumer pocket,” said Doug King,...