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Business confidence fell in October but was still at its second highest level since the start of the pandemic.

Sentiment dipped last month to 43 per cent from 46 per cent in September, mainly because of a fall in optimism about the wider economy, although it remains considerably higher than the long-term average of 28 per cent, according to the latest Lloyds Bank Business Barometer.

Despite rising energy costs and supply chain woes, the survey also found that the net balance for firms’ own annual trading outlook was down by only one point to 42 per cent.

The survey also suggested that staff shortages in some sectors may ease, with 60 per cent of companies that have furloughed staff planning to bring them all back and a further 30 per cent expecting more than half of their furloughed workers to return.

Hann-Ju Ho, a senior economist at Lloyds Bank Commercial Banking, said that “it should bode well for the labour market as we head into the winter”.

However, pricing expectations among businesses continued to rise because of increasing input costs, including raw materials and staffing, with 45 per cent expecting to increase their prices, up from 37 per cent. The level outstripped the previous high of 44 per cent in March and April 2018. Lloyds said it indicated that firms continue to consider passing costs on to customers.

The monthly survey, which started in 2002, was conducted before last week’s autumn budget, involving 1,200 companies between October 1 and 15 across all sectors and regions.

Five out of the 12 UK regions and nations registered an increase in business confidence last month but it also fell in five. London, which rose 65 per cent, and the northeast, which was unchanged at 61 per cent, remained the most positive regions. Employment expectations are particularly high in the capital, the survey found.

Confidence remained highest in the manufacturing sector, where it rose to a five-month high of 51 per cent, up from 49 per cent. Sentiment in retail and services fell slightly to 37 per cent and 43 per cent, respectively, although they remain higher than three months ago.

Official data last month showed that retail sales fell unexpectedly in September, dipping by 0.2 per cent, according to the Office for National Statistics.

The survey, which provides an early signal of economic trends, comes as the Bank of England’s monetary policy committee prepares to meet on Thursday. Expectations are rising that it will increase interest rates amid inflationary pressures.

Read more:
Business confidence dips but staff shortages show signs of easing

As world economies recover from the effects of the COVID-19 pandemic, investors all over the globe are more willing than ever to part with their cash.

When scouring countries for investment opportunities, they should look no further than India.

According to data published by NASDAQ this year, India is the world’s fifth fastest-growing economy and has already had a considerable bounce back from the pandemic. There are prime opportunities for investment that could deliver attractive returns across a huge range of sectors.

There are a number of reasons why investors should focus their capital on India. For one, in the 2021 financial year, the country received its highest ever inflow of foreign direct investment of over $81 billion. This was due to a backdrop of policy steps that have improved the ease of doing business in the country, attracting investment into projects focused on manufacturing capacity and new infrastructure developments.

The largest investors in India in the past year were Singapore, the USA, and Mauritius, but the rest of the West stands to gain a lot if they follow suit. India’s GDP is forecasted to grow by 11 per cent in the next financial year, the highest since their independence in 1947, and is estimated to become a $5 trillion economy by the same year.

This large, expanding size of the market makes India an attractive prospect for foreign investors, with easy access to other emerging markets such as Bangladesh, Nepal, Pakistan, Sri Lanka and Myanmar.

Many of the world’s most prominent investors and venture capital funds have already succumbed to the allure of investing in India. Warburg Pincus and Prosus Ventures recently backed the Good Glamm Group in a $150 million funding round, making it the latest Indian startup to become a so-called ‘unicorn’ company, with a value of over $1 billion. Similarly, last month General Catalyst led a $160m investment round in Mumbai-based Dhani Services, founded by Sameer Gehlaut.

Given the current geopolitical climate and how western nations are reacting to China’s foreign policy decisions, many investors see India as a safer alternative. Tensions in the South China Sea are scaring away the big corporates, especially those based in the US, for fear friction between the two countries could affect their bottom line.

Many companies also made moves to prevent their supply chains being so reliant on China following the coronavirus pandemic, instead focusing on domestic production. By comparison, India has relatively good relations with most of the nations in the west, and many companies have decided to shift their manufacturing bases from China and into India.

The Indian government has recently taken the policy decision to encourage digital transformation across the country. This is another reason why it is becoming increasingly attractive for investors. For a long time, many companies have chosen to outsource their IT departments and call centres to India, but with digital technology expanding across the country, it will soon become more than just that.

We are seeing a huge tech boom across India, which is revolutionising industries such as finance, e-commerce, agriculture and medicine. This leads to increased investor confidence as the economy becomes more developed on the whole, and venture capitalists who have found success in these industries in other countries will view India as an even more attractive place to invest.

It is reforms like this that increase investor confidence. India’s government is keen to get other countries doing business here. The country regularly ranks in the top 10 improvers in the World Bank’s “Ease of Doing Business” rankings, which is in part due to the actions of the government.

India is undoubtedly an attractive place to invest, and it’s time more firms and individuals in the west recognised this. The growth of the country’s already significant economy can’t be downplayed, and the emergence of more and more unicorns by the year, as well as its geopolitical benefits compared with China, all make India an ideal place to shell out capital.

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Why you should invest in India

Developing an ecosystem requires excellent collaboration and partnerships.

According to 123swap, the collaboration with the particular project helps the ecosystem’s growth and facilitates crypto adoption.

The objective of the 123swap is to reintroduce the core concepts of cross-chain, to understand the latest breakthroughs, and to collaborate with the best and most reliable cross-chain approach.

The 123swap platform leverages smart contracts to automate and speed up the swap process. The platform utilizes its smart contracts to facilitate distributed finance management. Critical Solutions has an easy-to-use and straightforward interface, a non-volatile rate during transactions, no hidden fees, a wide range of assets, security, and cross-chain one-window platforms.

Main Goal of 123swap

Through cross-chain intelligent contracts, intelligent and autonomous financial management can be realized in one place. 123swap has invented a technology that will help you overcome competition and become the fastest and best swap platform in the world.

What is Avalanche?

Avalanche is a layer-one blockchain that is the foundation for decentralized apps and custom blockchain networks. It is one of Ethereum’s rivals and aims to defeat Ethereum as the most popular blockchain in smart contracts. We’re trying to do this by outputting up to 6,500 transactions per second while maintaining scalability.

Unique Architecture

The Avalanche network consists of three blockchains: X-Chain, C-Chain, and P-Chain. Each chain performs a specific function and is significantly different from the approach used by Bitcoin and Ethereum, where all nodes must verify all transactions. Avalanche’s blockchain utilizes various consensus technologies depending on the use case.

Avalanche has been working to establish its ecosystem with DApps and DeFi since deploying in 2020. Avalanche is integrated with multiple Ethereum-based projects such as SushiSwap and TrueUSD. In addition, the platform continues to attempt to improve interoperability between its ecosystem and Ethereum through the installation of bridges, etc.

Why is it unique?

Avalanche is trying to solve the trilemma of blockchain. The trilemma is that the blockchain is too large to achieve sufficient decentralization. As a result, high gas rates are becoming common in Ethereum.

• To solve this problem, Avalanche has created three interoperable blockchains.
• Exchange Chain (X-Chain) is used to generate and exchange native AVAX tokens and other assets. These tokens adhere to a set of established standards, like the Ethereum ERC-20 standard. It adopts the Avalanche consensus technology.
• Contract Chain (C-Chain) is a platform for smart contracts and decentralized applications. It has its avalanche virtual machine, comparable to Ethereum’s virtual machine, and can develop DApps for EVM. We also use the Snowman consensus process.
• Platform Chain (P-Chain) organizes network validators, monitors current subnets, and allows the creation of new subnets. A subnet is a collection of validators, similar to a Validator cartel. Each subnet can validate multiple blockchains simultaneously, but only one subnet can validate a single Blockchain. In addition, the Snowman consensus system is adopted.

Verdict

Cryptocurrencies that include Abbas are speculative, complex, and carry significant risks – highly volatile and susceptible to secondary activity. Performance is unpredictable, and AVAX’s past performance does not guarantee future performance.

Visit

Naujas pagrindinis

https://exchange.123swap.finance/

 

Read more:
123 swap. What’s possible with Avalanche?

A Singapore-based crypto exchange has scored one of the biggest naming rights deals in sports history with the Staples Center in Los Angeles.

The multi-purpose, 20,000-seat venue will be renamed Crypto.com Arena after the trading platform on Christmas Day, according to a Tuesday’s press release.

Crypto.com bought the naming rights to the arena from multinational sports and live entertainment company AEG for 20 years, the Los Angeles Times wrote, citing sources familiar with the matter.

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The deal was reportedly worth $700 million, making it one of the biggest naming rights deals in sports history, beating the LA Clippers’ $500 million deal on the Intuit Dome, and SoFi Stadium’s deal, reportedly worth more than $600 million.

The new branding is set to be revealed on December 25, the date of the NBA’s annual Christmas game, when the Los Angeles Lakers will host the Brooklyn Nets.

All current Staples Center insignias will be removed and changed to the new name by June 2022.

Under the terms of the deal, Crypto.com also becomes an official partner of the NBA’s Lakers, and the NHL’s LA Kings.

Crypto.com is not a newcomer to the world of sports; it has signed a number of deals this year – with Formula One and the UFC, among others. 

The Staples Center, however, is a prized addition, having hosted 19 Grammy Awards ceremonies, countless major sporting events, concerts, and public events, including memorial ceremonies for Michael Jackson and Kobe Bryant. 

The arena has been in operation since 1999, bearing the name of Staples Inc., a major office supplies and retail company. 

For more stories on economy & finance visit RT’s business section

WHISKEY CREEK, FL – On Sunday, December 12, 2021, Lee County deputies responded to Whiskey Creek Drive in reference to a battery. Upon arrival, deputies learned the victim was walking her dog when a white sedan drove past her firing an Airsoft gun, striking her multiple times with pellets. The victim suffered minor injuries and did not require medical attention. According to authorities, the gun used was called a Gel Blaster, which its manufacturer describes as shooting non-toxic, eco-friendly, biodegradable water-hydrated balls.

In an attempt to identify the suspects, Crime Stoppers disseminated information while detectives conducted their investigation. Deputies received tips on the names of the suspects and responded to Cypress Lake High School. When an administrative search was performed on one of the suspect’s vehicles, brass knuckles with a folding knife, a vape pen, and a plastic gun that shot small round gel pellets was located. 

“Thanks to the relationship between our deputies and the community, these two criminals were quickly identified and taken off the streets of Lee County,” stated Sheriff Carmine Marceno. “Even Airsoft guns can be dangerous, especially when used to intentionally hurt others. This kind of violent behavior will not be tolerated.”

Tanner Fox, 17, was charged with possession of a weapon on school grounds, which is a felony, as well as other misdemeanor charges. While being apprehended for the Whiskey Creek battery, the second suspect struck a deputy in the face and fled on foot. Deputies quickly gained control of the suspect and took him into custody. Ziyantee Bragg, also 17, was arrested and charged with battery on a law enforcement officer and resisting an officer with violence, both felony charges. Fox and Bragg were also charged with battery for their involvement in the Whiskey Creek incident.