Samsung electronics Q1 profit tops market expectations
Samsung Electronics Co Ltd reported that an estimated 50% jump in quarterly operating earnings to post its highest first-quarter profit since 2018. This beats up the expectations as solid demand underpinned prices for memory chips. Earnings at the world’s largest memory chip and smartphone maker were also supported by brisk smartphone sales in the quarter. They […]
Growth is the biggest challenge for emerging economies
The World Bank‘s chief economist said that the lack of growth is the biggest economic challenge facing developing economies. Carmen Reinhart, the World Bank‘s chief economist said that the economic growth was essential for poverty reduction. And also, for creating government revenues to use for fiscal space, social safety nets and the provision of public goods. She […]
Emerging countries and their markets at risk!
The credit conditions are to be continued to be dominated by the Post pandemic and it’s after math too. As the vaccines are coming out in several countries, it is expected to have a high degree of uncertainty regarding the coronavirus pandemic’s evolution and its economic effects. There is also a hope, that by the […]