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The U.S. debt ceiling, also known as the debt limit, is the maximum amount of debt that the U.S. government is legally allowed to borrow to fund its operations and meet its financial obligations. It is a cap on the total amount of outstanding debt that the U.S. Treasury can issue to the public, including Treasury bonds, bills, and notes. The debt ceiling is set by Congress through legislation and represents the cumulative amount of money the government has borrowed over time. It is intended to limit the government's ability to accumulate excessive levels of debt without explicit approval from Congress. When the U.S. government reaches the debt ceiling, it is unable to issue new debt to meet its obligations unless Congress passes a bill to raise or suspend the debt ceiling. If the debt ceiling is not raised or suspended and the government exhausts its available cash, it may face a potential default on its financial obligations, such as interest payments on Treasury bonds, Social Sec...

"Germany's Economy Plunges into Recession Amidst Energy Crisis and     Inflationary Pressures" Germany, Europe's biggest economy and the world's fourth-biggest, is affirmed to be in a downturn. The German economy contracted in the main quarter, placing it in a downturn after it logged negative development in the final quarter of 2022. Its Gross domestic product fell 0.3 percent in the principal quarter of 2022 (January-Walk), denoting the nation's slide into a downturn. A 0.5 percent contraction continued over the most recent three months of 2022. A downturn is ordinarily described by two progressive quarters (three-month times) of contraction. Europe's energy emergency, because of the Russia-Ukraine war, is the driving component. It has prompted decreasing energy supplies and rising expansion. Germany last confronted a downturn when the Coronavirus pandemic cleared its path through Europe toward the start of 2020. While the euro dropped on Thursday (25 Ma...

Rinku Singh's performances in the IPL have been garnering attention and popularity. It's not uncommon for impressive performances in the IPL to generate excitement and calls for players to be considered for the Indian cricket team. While Rinku Singh's recent performances have been noteworthy, it's important to remember that team selection for the national side involves multiple factors.  Rinku Singh's recent displays of power-hitting and match-winning contributions certainly make him an exciting prospect, Representing KKR for the past three seasons, Rinku Singh’s super form this season has led to his name buzzing. Despite being paid just Rs. 80 lakhs, Rinku has become the top scorer with 407 runs in 13 matches. He has also scored the most runs in the death overs this season, with a strike rate of 197.53. After his sensational 5 sixes in a row against Gujarat Titans, he scored a fifty against Sunrisers Hyderabad. Rinku has the highest strike rate in the 20th over of ...

"ONDC Paves the Way: Open Network Reaches 236 Cities, Revolutionizing E-Commerce" ONDC is being positioned as a solution to the concerns raised by the Indian government regarding the control of existing e-commerce platforms and the limited participation of small players. Expanding its services to the transportation sector, ONDC is reportedly in talks with cab operators to bring its platform to at least four cities. Over 55,000 taxi cab owners have already joined the network, and approximately 35,000 rides are being booked daily through the platform. This move aims to provide cab owners with an alternative platform that reduces the high commissions they typically pay to other platforms, enabling them to offer more affordable rates to passengers. The initiative has been seen as beneficial for both consumers and small players in the industry. . ONDC has ambitious goals of increasing e-commerce penetration in India from 8 percent to 25 percent of consumer purchases within the nex...

Starbucks Ad Highlights Changing Attitudes Towards Transgender Rights in India #BoycottStarbucks was one of the top patterns on Twitter after its most recent mission 'It Starts With Your Name' ignited a contention. The Starbucks promotion was posted on Twitter on May 10 and it has turned into a web sensation. It has been seen north of 7,12,000 times at this point. Starbucks had begun India activities in 2012 and works north of 300 stores in the country. In FY23, Starbucks' India deals crossed the Rs 1,000-crore deals mark interestingly since it set up for business in the country 10 years prior. At Rs 1,087 crore, it was up 71% from FY22. Last year, it sent off masala chai and channel espresso in India on a pilot premise and furthermore redid its menu to draw in buyers with Indianised From there.  The advertisement portrays an elderly couple waiting for their child, who has undergone a sex change and changed their name to Arpita. The ad highlights the parents' initial d...

"The Battle of Returns: Absolute vs Annualized in Mutual Funds" The yield created by an investment over some time is referred to as return, usually expressed as a percentage of the initial investment amount. Mutual fund returns can be expressed in two different ways - absolute return and annualized return. Absolute return is the actual percentage change in the value of the mutual fund over a given period, without taking into account the effects of compounding. Annualized return, on the other hand, is the average rate of return on an investment per year over a specific period, and it takes into account the effects of compounding. Annualized returns are useful in comparing the performance of mutual funds over different periods. Both absolute return and annualized return are important metrics for evaluating the performance of mutual funds, but they provide different information and should be used in conjunction with other measures such as risk and volatility when making investme...