Category: economics
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7 Interesting Facts about Credit Suisse
As Credit Suisse one of the largest Swiss bank made headlines this week by being on the brink of bankruptcy, you might be interested to know some very important facts about the bank itself 1) Founded in 1856 it was established in 1856 which makes it 166 years ago. Initially, it was founded to fund…
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Price of containers across pacific decreased dramatically
Ocean carriers are canceling dozens of sailings on the world’s busiest routes. This is generally considered peak time for the cargo ships to transport goods. However, the decreasing demand in Europe and US due to rising prices have contributed significantly to these cancelling sailings. Price of shipping a container last year around the same time…
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World is on the brink of recession – UN
UN recently published a report which states clear warning signs of world heading towards recession. Monetary policies in developed conuntries like US, UK and EU could further push the respective countries in a recession. In recent weeks US Fed has announced an interest hike. While the interest rates certainly help to counter the inflation but…
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How bad is the German Energy Crisis? – A different perspective
A lot of people don’t really realize that Germany’s energy crisis is so bad it threatens the country’s future as a prosperous country. Let’s see how? Germany has a very well-established social welfare system and provides pretty generous subsidies for the arts and many such areas. A lot of money is spent on free education…
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Credit Suisse at the brink of Bankruptcy?
$600 Billion: What Lehman Brothers held in assets when they crashed and took the economy with them. $2800 Billion: What Credit Suisse and Deutsche Bank control in AUM. 4.6x more. Credit Suisse is at a ‘Critical Moment’ now, says the CEO. What lies in store for the world? The stocks of both banks have suffered…