👀 The Week At a Glance
This week we talked about Turkey's crazy currency situation, Amazon's winning strategy, and so much more!
Hey there, good morning! If you missed out on all the business and finance updates that we posted this week, here’s your chance to catch up. Binge on!
📈 Turkey’s Crazy Currency Crash
Turkey’s currency is rapidly losing its value, causing insane inflation in the country. The central bank is trying to control the situation but it has one major problem: the country’s president himself. Curious as to how the president’s policies are hampering the situation? ReadOn!
🌍 Metaverse: The Brave New World
Meta’s entry into the metaverse has led to a flood of companies entering this new digital frontier. But this brave new world is not just for the corporate sector. Countries like Barbados and South Korea are now entering this futuristic space as well. Here’s what they plan on doing in the metaverse.
📦 Amazon Wins the Supply Chain Crisis
The whole world has been complaining about shortages and delivery details. But Amazon’s parcel punctuality has not been impacted. How? Years of planning and strategising, which you can read about here.
💸 What’s Bothering Elon Musk?
Mr. Musk needs to make headlines every week and this week he did so by dissing government subsidies (P.S: He is also thinking of quitting his job and becoming a full-time influencer). What’s strange about his new stance is that Tesla has so far been loving these subsidies. So, why does Musk want to cancel them now? ReadOn to find out.
🔮 What if Fighting Climate Change Could be Profitable?
Fighting climate change has proven to be difficult because companies don’t want to compromise on their profits. But what if the fight against climate change could be profitable? This is exactly the future that Luxembourg is betting on. Here’s how it plans to make it possible!
📈 Vodafone Idea Investors Rejoice!
After a string of bad luck, Vodafone Idea shares are finally on a rise again. So, what’s going on at the company? ReadOn to know more!
🗞️ Here's What Else Made the News and Moved Markets:
👉 Budget airline SpiceJet has been seeing major losses. Just in the June-Sept 2021 quarter, it reported a loss of Rs. 571 crores. So, naturally, it has been unable to pay debts, and debtors are after it. One of these debtors is SR Technics, an aeroplane repair and maintenance company, to which SpiceJet owes $24 million. If it is unable to pay this debt in three weeks, SpiceJet will have to wind up its operations and liquidate its assets.
👉 The world is breaking up with cash. Our new beau is digital payments. But every relationship has its flaws. And this relationship’s flaws are hidden charges and convenience fees, which are making transactions are costlier. So, the RBI is forming a panel to create kind of a relationship agreement so this relationship remains healthy for our finances. Plus, it is also adding new UPI features to the “non-smartphones”, so everyone can go digital.
👉 PharmEasy, like many other startups right now, is dreaming the IPO dream. it wants to go public and raise Rs. 6,250 crores. But the Confederation of All India Traders (CAIT) is not on board with this because PharmEasy doesn’t have a licence to sell medicines online. It has called on SEBI to put the brakes on PharmEasy’s IPO plan. So, what will the company do next?
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