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Banking shares were under pressure with Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices declining up to 5 per cent in past two trading days amid a heavy sell-off in equities.

At 09:41 AM; Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 1.5 per cent to 2 per cent on the National Stock Exchange (NSE). In comparison, the Nifty 50 was down 0.67 per cent. In past two trading days, the banking indices have declined between 4 per cent and 5 per cent, as against 2 per cent decline in the benchmark index.

ICICI Bank, HDFC Bank, Axis Bank, Bandhan Bank and State Bank of India (SBI) were down 2 per cent today. In past one week, Bank of India, YES Bank, RBL Bank, Indian Overseas Bank, Central Bank of India, Union Bank of India, Axis Bank, Bank of Baroda and Canara Bank slipped in the range of 6 per cent to 10 per cent. The Nifty 50 was down 1.5 per cent in past one week.

A sharp fall in banking shares has been witnessed after US-based investment research firm, Hindenburg Research, alleged on Wednesday that the Adani group had engaged in “a brazen stock manipulation and accounting fraud scheme”. It also accused the conglomerate of improper use of offshore tax havens, and flagged concerns about the group’s high debt. CLICK HERE FOR FULL REPORT

By Mike Dolan

LONDON (Reuters) - Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.

January business surveys from around the world on Tuesday saw euro zone economic activity expanding again for the first time since June - helped by an unusually warm winter that's seen more than a halving of sky-high natural gas prices over the past six weeks.

Although Britain saw the same easing of wholesale energy prices, UK industry - by stark contrast - continued to contract this month. In fact it shrank at its fastest pace in two years, with everything from inflation and rising interest rates to worker shortages, serial labour strikes and mounting Brexit damage being blamed. Sterling suffered its biggest one-day drop against the euro on Tuesday in over a month.

And even if you think surveys can be wayward from time to time, the Confederation of British Industry's poll of manufacturers doubled down on the message and showed order books weakening further this month despite an easing of cost pressures.

Whatever the precise reason for the persistent gloom, it leaves the central bank in a pickle as it tries to rein in still double-digit inflation and record private sector pay growth without sinking the housing-sensitive economy even deeper into the mire.

The BoE meets again next week and there are growing calls for it start to wind up its year-long campaign of interest rate hikes that have already brought its main policy rate to 3.5% from just 0.1% in December 2021.

Below are the details for the African Development Bank Virtual Internship Program 2023:

Location: Selected candidates will be deployed in various Departments at Headquarters (Abidjan, Côte d’Ivoire), Bank’s Regional and Country Offices. However, selected interns will perform their internship remotely while waiting for the Bank to gradually return to office.

Position Grade:

Position Number:

Posting Date: 23-Jan-2023

Closing Date: 22-Feb-2023

THE BANK:

Established in 1964, the African Development Bank (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 in Africa (Regional Member Countries).  The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten-Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely: energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa. The Internship program is part of a wider Talent Management Framework which facilitates the Bank to deliver on the Ten-Year Strategy and the High 5s.  

Participants in the Program are selected on a competitive basis, based on business needs of the Bank.

Objectives:

The broad objectives of the program are to:

In today’s economy, many homeowners try to enter the real estate market without the help of a broker. As an agent, I have noticed that the main reasons for this may be the price homeowners pay to get their homes sold or simply bad experiences with realtors. Many brokerage firms charge a standard 6% commission, which can turn out to be a lump sum to some homeowners. However, it is important to remember the time and money that homeowners have to invest if they want to sell through for sale by owner.

1. Price your home right

This is the most important part of the process. Be very careful not to overprice your home; overpricing will reduce the buyers’ interest in the property and makes competing homes seem like they are of better value. Overpricing when selling a home is the single biggest reason why many “for sale by owner” (FSBO) home sellers don’t sell their homes successfully.

The best way to price your home is to research the selling price of similar homes that have recently sold in your neighborhood. The easiest way to accurately price your home is to contact your local home appraiser. This will prevent mortgage rejections from happening in the future if you find a potential buyer.

Finally, set your price right under a whole number, such as $349,000 rather than $350,000

2. Market your home correctly

Welcome to the era of the Internet: EXPOSURE, EXPOSURE, EXPOSURE. In today’s market, 92% of buyers search online for their next home. That is in comparison to only 28% looking at print advertisement. We specialize in internet strategies to promote the sale of your home. A couple of places where you could start reaching out to potential buyers are on Zillow.com, ForSaleByOwner.com, FSBO.com, and through social media.

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BaaS and Investment

Banking-as-a-Service (BaaS) — the novel model by which a chartered institution provides the regulatory umbrella necessary for a nonchartered company to offer financial services, and once the innovation darling of the financial services industry — took a hard fall in 2022. Or, rather, it took a series of stumbles that added up to a ton of scrutiny and reined in aspirations on all sides of the table. As a result, banks are being forced to reconsider their plans for and approaches to BaaS. And, unfortunately, recent data isn’t very promising — in fact, according to Finastra’s Financial Services State of the Nation Survey 2022, when respondents were asked which areas they felt were seeing constrained investment across a range of options, BaaS came out on top.

More than 6 in 10 UK online shoppers (61.5%) experienced delivery issues across the month of December as strikes and capacity challenges plagued the UK’s parcel delivery companies, new research commissioned by Doddle has uncovered.

The most common problem faced by shoppers was deliveries arriving late, which affected 41% of UK online shoppers in December. That might not be so crucial for much of the year, but for Christmas gifts a delay of just a day or two can make all the difference to the customer experience. Late deliveries were far from the only problem: more than 10% of shoppers had one or more of their parcels lost by the delivery provider, 13% missed a delivery and 9% had something delivered to the wrong address or left in an unexpected location.

“We expected Royal Mail strikes to cause some disruption to services, and that there might be a knock-on effect to other parcel carriers in the busiest shopping window of the year,” comments Doddle CEO Tim Robinson. “What was surprising was the extent to which other carriers in the market also appeared to struggle to manage the volume of deliveries while maintaining an acceptable customer experience. That has dented consumer confidence, with many shoppers now seeking to deliberately avoid or prefer specific carriers.”

• Ukrainian military ambush Putin’s private army

Ukrainian military ambush Putin’s private army

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It all went horribly wrong last year with war in Ukraine, an energy shock, the cost-of-living crisis, rising interest rates and a string of strikes by nurses, immigration officers, postal staff and railway workers.

September saw the country on the brink of financial meltdown, as the UK gilt market went haywire after former Chancellor Kwasi Kwarteng’s disastrous mini-Budget.

The UK had four chancellors, three prime ministers and two monarchs in the space of four tempestuous months.

Shares and bonds crashed, house prices wobbled and the economy slipped into recession.

So it’s hardly surprising that the nation has assumed the brace position, anticipating another car crash year in 2023.

Yet there are signs that we are past the biggest bumps, and the country could keep its collective wheels on the road. So let’s not be too gloomy, despite the ceaseless rain, Brexit frustrations and wall-to-wall Prince Harry.

 

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Bed Bath & Beyond continued to surge on Thursday, rising for a fourth day and closing at the highest level since late October, after the company’s bankruptcy warning reignited interest from retail traders.

Shares in the home-goods retailer climbed 50 per cent, adding to 166 per cent gains from the previous three sessions. Other so-called meme stocks also added to gains on Thursday after jumping on Wednesday. Carvana rallied 46 per cent in the biggest advance on record while meme-stock poster-children AMC Entertainment Holdings and GameStop had more modest gains.



Shares in the home-goods retailer climbed 50 per cent, adding to 166 per cent gains from the previous three sessions.Credit:Bloomberg

Retail traders have helped drive the latest surge, funnelling millions into Bed Bath & Beyond and pumping their bets on social media websites and chatrooms. These investors snapped up $US7.3 million ($10.5 million) of Bed Bath & Beyond stock on Wednesday to more than double their net purchases since the markets closed on January 4, Vanda Research data show.

CBC confirmed the presence of thirteen trackers on CBC Kids, of which eight trackers—Adobe, Akamai, Amplitude, Chartbeat, comScore, Conductrics, Piano, Wayin—were used for web site efficiency, performance, and security.

All land within the PRC is owned by the government citizenship law firm and can’t be sold to any particular person or company. The Company records land use rights obtained as intangible belongings at cost, which is amortized utilizing the straight-line methodology over the grant interval of fifty year For the Company’s non-wholly owned subsidiaries, a noncontrolling curiosity is recognized to replicate the portion of equity that isn’t attributable, directly or indirectly, to the Company. Consolidated internet income in the consolidated income statements consists of internet income attributable to noncontrolling pursuits. However, the government could grant a “land use right” for occupying, growing and utilizing land.

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Flowers are some of the wonders of the world. These are existing throughout a human existence and make life even more gorgeous, more vibrant. Flowers are practically never extra. Be it about special events just like birthday parties, anniversaries, wedding events and so on, blossoms are fundamental. Hence, even though you haven’t thought about it so far, they have got a vital duty in your daily life. Even if each species has something great, people today still have preferences in this regard. This is the same with hydrangeas. While many appreciate red roses, other people adore this types. Whether you have heard about hydrangeas before or perhaps not, they are famous around the world because of their remarkable flowers. Although they are native to North America and particular areas of Asian countries, people today cultivate them around the world, the place that the conditions make it possible for this, undoubtedly. You can purchase hydrangeas in big amounts for many different reasons, but the most frequent reason is wedding ceremony. In an occasion of big dimensions such as a wedding, a substantial amount of flowers is needed to embellish everything in an effective way. When you have not really selected the flower plan, the hydrangea can be your chosen choice, not surprisingly, soon after you get acquainted with this plant.