UK Financial Services Firms Suffer From Record Skills Shortage

UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance. The industry had more than five vacancies unfilled for every 100 jobs between April and June 2022, according to data compiled by the Office for National Statistics. That’s the highest … Read more

Delhiites likely to face liquor shortage as govt withdraws excise policy

Delhi is staring at a major liquor shortage in the coming days with private wine and beer stores going to shut shop from August 1 after Kejriwal government’s decision to withdraw it’s new Excise policy 20221-22. The 468 private liquor shops operating in the city will be shut from August 1 as … Read more

UK car production driven down by global chip shortage

UK car plants will not return to producing 1mn vehicles a year until at least 2025 — two years later than expected — owing to a global shortage in key parts, a trade body warned on Wednesday. In March, AutoAnalysis, which calculates production forecasts for industry trade body Society of Motor Manufacturers and Traders, said … Read more

India’s power shortage at 1% in April-June this fiscal: R K Singh

India witnessed a power shortage of one per cent in the April-June period this fiscal, with an electricity supply of 400.65 billion units (BU) against the requirement of 404.76 BU, Parliament was informed on Tuesday. “Further, during 2022-23 (April-June), against the requirement of 404.76 Billion Units (BU), the energy … Read more

No shortage of NCERT textbooks, over 4 crore books distributed: MoE

There is no shortage of NCERT textbooks and over four crore textbooks have already been distributed across the country for the 2022-23 academic session, the Lok Sabha was informed on Monday. The information was shared by Union Minister of State for Education Annapurna Devi in response to a written … Read more

Housing shortage spreads across U.S., becoming coast-to-coast crisis

California is the prime example of a housing market gone awry. Decades of underbuilding led to soaring prices and the biggest deficit of homes in the U.S. But in the years before the pandemic, the crisis largely plateaued in the Golden State while it accelerated elsewhere, according to research released Thursday by  Up for Growth, a network of … Read more

India’s export curbs, tax hike to exacerbate global diesel, petrol shortage

India’s latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said. The world is grappling with tight gasoline and diesel supplies as Western sanctions have reduced … Read more

Regulator urges Germans to prepare for possible gas shortage

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Kirsten Grieshaber Publishing date: Jul 02, 2022  •  54 minutes ago  •  2 minute read  •  Join the conversation File-File photo shows view of pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the … Read more

Dollar: Dollar shortage may hit companies with overseas currency borrowings

Mumbai: Signs of dollar shortage are emerging in India and several companies with overseas currency borrowing could face some headwinds, the central bank’s Financial Stability Report (FSR) said. “Signs of stress in short-term dollar funding are also emerging,” it said. “With the announcement of sanctions, the Forward Rate Agreement – Overnight Indexed Swap spread – … Read more

India steps up fuel imports amid shortage; Asia’s pool of supplies shrinks

Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading petrol and diesel exporter, has been forced to step up imports of the fuels. Petrol imports are set to rise to about 37,000 barrels … Read more