Tag: Growth

  • Rishi Sunak is haunted by ghosts of prime ministers past

    Rishi Sunak is haunted by ghosts of prime ministers past

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    LONDON — “Back to her old self again” was how one erstwhile colleague described Liz Truss, who made her return to the U.K.’s front pages at the weekend. 

    That’s exactly what Rishi Sunak and his allies were afraid of. 

    Truss, who spent 49 turbulent days in No. 10 Downing Street last year, is back. After a respectful period of 13 weeks’ silence, the U.K.’s shortest-serving prime minister exploded back onto the scene with a 4,000-word essay in the Sunday Telegraph complaining that her radical economic agenda was never given a “realistic chance.”

    In her first interview since stepping down, broadcast Monday evening, she expanded on this, saying she encountered “system resistance” to her plans as PM and did not get “the level of political support required” to change prevailing attitudes.

    While the reception for Truss’s relaunch has not been exactly rapturous — with much of the grumbling coming from within her own party — it still presents a genuine headache for her successor, Sunak, who must now deal with not one but two unruly former prime ministers jostling from the sidelines. 

    Boris Johnson is also out of a job, but is never far from the headlines. Recent engagements with the U.S. media and high-profile excursions to Kyiv have ensured his strident views on the situation in Ukraine remain well-aired, even as he racks up hundreds of thousands in fees from private speaking engagements around the world.

    Wasting no time

    Truss and Johnson have, typically, both opted for swifter and more vocal returns to frontline politics than many of their forerunners in the role. 

    “Most post-war prime ministers have been relatively lucky with their predecessors,” says Tim Bale, professor of politics at Queen Mary, University of London. “They have tended to follow the lead of [interwar Conservative PM] Stanley Baldwin, who in 1937 promised: ‘Once I leave, I leave. I am not going to speak to the man on the bridge, and I am not going to spit on the deck.’”

    Such an approach has never been universal. Ted Heath, PM from 1970-74, made no secret of his disdain for his successor as Tory leader Margaret Thatcher. Thatcher in turn “behaved appallingly” — in Bale’s words — to John Major, who replaced her in Downing Street in 1990 after she was forced from office.

    But more recent Tory PMs have kept a respectful distance.

    David Cameron quit parliament entirely after losing the EU referendum in 2016, and waited three years before publishing a memoir — reportedly in order to avoid “rocking the boat” during the ongoing Brexit negotiations. 

    And while Theresa May became an occasional liberal-centrist thorn in Boris Johnson’s side, she did so only after a series of careful, low-profile contributions in the House of Commons on subjects close to her heart, such as domestic abuse and rail services in her hometown of Maidenhead.

    “You might expect to see former prime ministers be a tad more circumspect in the way they re-enter the political debate,” says Paul Harrison, former press secretary to May. “But then she [Truss] wasn’t a conventional prime minister in any sense of the word, so perhaps we shouldn’t be surprised that she’s done something very unconventional.”

    Truss’s rapid refresh has not met with rave reviews.

    Paul Goodman, editor of influential grassroots website ConservativeHome, writes that “rather than concede, move on, and focus on the future, she denies, digs in and reimagines the past,” while Tory MP Richard Graham told Times Radio that Truss’ time in office “was a period that [people] would rather not really remember too clearly.”

    One long-serving Conservative MP said “she only had herself to blame for her demise, and we are still clearing up some of the mess.” Another appraised her latest intervention simply with an exploding-head emoji.

    Trussites forever

    But despite Tory appeals for calm, the refusal of Truss and Johnson to lie low remains a serious worry for the man eventually chosen to lead the party after Truss crashed and burned and Johnson thought better of trying to stage a comeback.

    Between them, the two ex-PMs have the ability to highlight two of Sunak’s big weaknesses. 

    While Truss may never live down the disastrous “mini-budget” of last September which sent the U.K. economy off the rails, her wider policy agenda still has a hold over a number of Conservative MPs who believe they have no hope of winning the election without it. 

    This was the rationale behind the formation last month of the Conservative Growth Group, a caucus of MPs who will carry the torch for the low-tax, deregulatory approach to government favored by Truss and who continue to complain Sunak has little imagination when it comes to supply-side reforms. 

    Simon Clarke, who was a Cabinet minister under Truss, insisted “she has thought long and hard” about why her approach failed and “posed important questions” about how the U.K. models economic growth in her Telegraph piece.

    Other Conservatives have been advocating a reappraisal of the actions of the Bank of England in the period surrounding the mini-budget, arguing that Truss was unfairly blamed for a collapse in the bond market.

    But Harrison doubts whether she may be the best advocate for the causes she represents. “There’s a question about whether it actually best serves her interests in pushing back against a strong prevailing understanding of what happened so soon after leaving office.”

    Johnson, meanwhile — to his fans, at least — continues to symbolize the star quality and ballot box appeal which they fear Sunak lacks. 

    One government aide who has worked with both men said Johnson’s strength lay in his “undeniable charisma” and persuasive power, while Sunak, more prosaically, “was all about hard work.”

    These apparent deficiencies feed into a fear among Sunak’s MPs that he is governing too tentatively and, as one ally put it recently, needs to rip off the “cashmere jumper.”

    It’s been posited that British prime ministers swing back and forth between “jocks” and “nerds” — and nothing is more likely to underline Sunak’s nerdiness than a pair of recently-deposed jocks refusing to shut up. 

    Trouble ahead 

    Unluckily for Sunak, there are at least three big-ticket items coming up which will provide ample ground on which his nemeses can cause trouble. 

    One is the forthcoming budget — the government’s annual public spending plan, due March 15. Truss and Johnson are unlikely to get personally involved, but Truss loyalists will make a nuisance of themselves if Sunak’s approach is judged to offer the paucity of answers on growth they already fear.

    Before that, Truss is expected to make her first public appearance outside the U.K. with a speech on Taiwan which could turn up the heat on Sunak over his approach to relations with China. 

    One person close to her confirmed China would be “a big thing” for her, and is expected to be a theme of her future parliamentary interventions.

    Then there is the small matter of the Northern Ireland protocol, the thorniest unresolved aspect of the Brexit deal with Brussels where tortured negotiations appear to be reaching an endgame.

    Sunak has been sitting with a draft version of a technical deal since last week, according to several people with knowledge of the matter, and is now girding his loins for the unenviable task of trying to get a compromise agreement past both his own party and hardline Northern Irish unionists.

    A Whitehall official working on the protocol said Johnson “absolutely” had the power to detonate that process, and that “he should never be underestimated as an agent of chaos.”

    One option touted by onlookers is for Sunak to attempt to assemble the former prime ministers and ask them to stand behind him on a matter of such huge national and international significance. But as things stand such a get-together is difficult to picture.

    At the heart of Johnson and Truss’ actions seems to be an essential disquiet over the explosive manner of their departures.

    They appear fated to follow in Thatcher’s footsteps, as Bale puts it — “not caring how much trouble they cause Sunak, because in their view, he should never have taken over from them in the first place.”



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    ( With inputs from : www.politico.eu )

  • Job growth in Indian IT sector slumps 25% amid layoffs

    Job growth in Indian IT sector slumps 25% amid layoffs

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    New Delhi: Due to corrections in hiring in the IT industry, job growth in the Indian IT sector has declined by 25 per cent this year as compared to last year, a report showed on Thursday.

    The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, according to a report by naukri.com.

    Regarding the hiring dip across experience levels, fresher hiring faces the biggest slump followed by a mid-experience hiring decline, while hiring across senior levels (greater than 12 years of experience) remained stable in IT, the report mentioned.

    “As the year begins, Non IT sectors hold the fort for hiring activity in India with insurance, oil and hospitality flying high. Interestingly, IT-linked metros, which were the main growth drivers last year, were overshadowed by emerging cities like Ahmedabad and Baroda,” saidAPawan Goyal, Chief Business Officer, Naukri.com.

    In the era of hiring corrections, increasing demand for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth vs. last year.

    Hiring activity remains stable for freshers and mid-experience level professionals, said the report.

    In the New Year, the Indian job market continues to show resilience and stability, said the report.

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    ( With inputs from www.siasat.com )

  • IMF: Global growth to slow less than expected

    IMF: Global growth to slow less than expected

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    Global growth is slowing down less than previously expected, the International Monetary Fund said Tuesday in its updated World Economic Outlook.

    World output is set to grow by 2.9 percent this year, down from 3.4 percent in 2022, weighed down by tightening monetary policy and the war in Ukraine.

    That’s an increase of 0.2 percentage points compared with the 2.7 percent and 3.2 percent figures forecasted in October, thanks to stronger-than-expected growth in the third quarter of 2022.

    Growth will resume in 2024 at 3.1 percent.

    “This time around, the global economic outlook hasn’t worsened,” Pierre-Olivier Gourinchas, IMF chief economist and research director, wrote in a blog post. “That’s good news, but not enough.”

    Eurozone growth is expected to reach 0.7 percent this year—a 0.2 percentage-point upgrade — and 1.6 percent next. In 2022, the IMF reviewed eurozone growth upward to 3.5 percent from 3.1 percent previously because of lower energy prices and additional demand-side support measures.

    Global headline inflation has peaked in the third quarter of last year, the Fund said, pushed down by a decline in commodity prices. But so-called core inflation, which excludes volatile energy and food prices, has yet to peak, spurred on by tight labor markets which generate strong wage growth.

    The IMF expects global inflation to fall this year to 6.6 percent and to 4.3 percent in 2024, down from 8.8 percent in 2022 on average. Both headline and peak inflation are expected to remain higher than pre-pandemic levels in 2024.



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    ( With inputs from : www.politico.eu )

  • Apple sells 2 mn iPhones in India in holiday quarter, logs 18% growth

    Apple sells 2 mn iPhones in India in holiday quarter, logs 18% growth

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    New Delhi: Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed on Monday.

    The India market share of iPhones reached 5.5 per cent for 2022, an 11 per cent growth (year-on-year).

    For 2021, Apple iPhones had logged 48 per cent YoY growth with 4.4 per cent market share in the country.

    According to the latest CMR data, iPhone 14 series logged 59 per cent market share in Q4 2022, followed by iPhone 13 series at 32 per cent growth.

    Apple also sold 0.2 million iPads in India in Q4, and iPad Pro 2022 Series registered 30 per cent growth.

    Currently, Apple accounts for around 5 per cent of the overall smartphone market in the country.

    The iPhone manufacturer is now looking seriously at India and Vietnam to bolster its supply chain in the next 2-3 years.

    Apple aims to ship 40-45 per cent of iPhones from India compared to a single-digit percentage currently, according to Kuo.

    Every fourth iPhone will be made in India by 2025, according to JP Morgan.

    India accounted for 10-15 per cent of iPhones’ overall production capacity at the end of 2022.

    Apple became the first smartphone player in India to have exported $1 billion worth iPhones in the month of December. It currently manufactures iPhones 12, 13, 14 and 14 Plus in the country.

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    ( With inputs from www.siasat.com )

  • Microsoft logs slowest quarter growth in 6 years, PC sales nosedive

    Microsoft logs slowest quarter growth in 6 years, PC sales nosedive

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    New Delhi: Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people amid poor PC sales globally.

    Revenue was $52.7 billion and increased 2 per cent while net income was $16.4 billion, decreased 12 per cent for the quarter that ended December 31.

    Revenue in the ‘More Personal Computing’ was $14.2 billion and decreased 19 per cent. While Windows OEM revenue decreased 39 per cent, Xbox content and services revenue decreased 12 per cent and devices revenue decreased 39 per cent.

    Microsoft Chairman and CEO Satya Nadella said the next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform.

    “We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI,” said Nadella.

    Microsoft has made a “multiyear, multibillion dollar” investment in ChatGPT developer OpenAI.

    Last week, the company said it will begin integrating ChatGPT into its Azure cloud services offerings.

    “We are focused on operational excellence as we continue to invest to drive growth. Microsoft Cloud revenue was $27.1 billion, up 22 per cent year-over-year as our commercial offerings continue to drive value for our customers,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

    While LinkedIn revenue increased 10 per cent, Search and news advertising revenue excluding traffic acquisition costs increased 10 per cent in the quarter.

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    ( With inputs from www.siasat.com )

  • NATURAL HEALTH PRODUCTS 100% REETHA POWDER FOR HAIR, SCALP TREATMENT, HAIR GROWTH AND CONDITIONING FOR HAIR PACK | EXCELLENT HAIR CONDITIONER & CLEANSER (200G)

    NATURAL HEALTH PRODUCTS 100% REETHA POWDER FOR HAIR, SCALP TREATMENT, HAIR GROWTH AND CONDITIONING FOR HAIR PACK | EXCELLENT HAIR CONDITIONER & CLEANSER (200G)

    51Esjn9c72L515X6RMwEqL51mqrKL9vqL51yOa3yj0DL51L05dSimSL5177tdNGBPL
    Price: [price_with_discount]
    (as of [price_update_date] – Details)

    ISRHEWs
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    Aritha Powder also known as Soapnut Powder is very popularly know as herbal cleanser. It is most widely used as hair conditioner in the world. Many herbal practiceners use it to formulate hair conditioners, shampoos and hair treatment products. A blend of aritha with shikakai and amla powder make a very good hair condtioner. Reetha Powder is a natural powder that provides all sorts of care required by your delicate strands of hair. Reetha extract powder has been considered the perfect companion for hair since ages and Reetha for hair is a perfect key to get great, attractive hair naturally. It will keep all your hair related problems such as dandruff, dryness and itchiness of scalp at bay. Washing with reetha provides shiny and silky hair.It is 100% finest quality Reetha for hair growth. It is a trusted natural product for soft, bouncy and voluminous hair with its properties of Vitamin A, B, E and K. Being an excellent cleanser and show very cool effect on the hair. Soap nuts make your hair smooth and give gentle effects on the hair thus good for scalp health. The herbal powder also strengthens the hair roots and makes hair soft, silky and glossy. DIRECTION FOR USE: METHOD 1- Hair softening Mask Mix 5tbsp of Reetha powder, 2 tbsp of almond oil and 1tbsp each of Amla Powder and water. Prepare a mask, store it in glass jar and mix it well before use Apply it on your hair and allow it to dry. Wash it off with running water. METHOD 2-Volume Enhancer Hair Mask Mix 5 tbsp of Reetha powder, 5 tbsp each of almond oil and water. Add 5 drops of Lavender oil in it and stir well before use. Apply the mask on hair and leave it for some time. Wash it off with running water. Apply a mild shampoo and again wash it off. Now, gently dry your hair.
    Product Dimensions ‏ : ‎ 18 x 12 x 6 cm; 200 Grams
    Date First Available ‏ : ‎ 3 July 2020
    Manufacturer ‏ : ‎ Natural Health and Herbal Products, Thakkarnagar, Ahmedabad – 382350 (Mo: +91 8200974853)
    ASIN ‏ : ‎ B08CBHJY3Z
    Item part number ‏ : ‎ NHP-003
    Country of Origin ‏ : ‎ India
    Manufacturer ‏ : ‎ Natural Health and Herbal Products, Thakkarnagar, Ahmedabad – 382350 (Mo: +91 8200974853), 8200974853
    Packer ‏ : ‎ Natural Health and Herbal Products, Thakkarnagar, Ahmedabad – 382350 (Mo: +91 8200974853)
    Item Weight ‏ : ‎ 200 g
    Item Dimensions LxWxH ‏ : ‎ 18 x 12 x 6 Centimeters
    Net Quantity ‏ : ‎ 200 gram
    Generic Name ‏ : ‎ Aritha powder

    Natural conditioners: The products that are made from soapnuts can be easily utilized by people having sensitive skin. Soapnuts have natural conditioning properties that will help in keeping the skin moisturized. Thus, people with sensitive skin can use it without any fears for a healthy and glowing skin.
    Scalp infections: Soapnuts also contain certain insecticides that help in killing the lice from scalp. Also it helps in fighting dandruff, itching, dryness of hairs.
    Lustrous hairs: Vitamin A, D, E and K are found in aritha which gives shine and smooth texture to the hair.
    Promotes hair growth: Aritha when used on regular basis promotes hair growth.

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