As India’s information technology (IT) companies grapple with slowing growth, emerging technologies and the US government’s tighter visa norms, Indians in the industry face an uncertain future. Industry veteran T V Mohandas Pai has warned that India’s IT services companies may fire 30,000 to 40,000 employees before the fiscal year ends on March 31, 2020. Source Asia Times
It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking US gross national debt, after kissing the line a couple of times for a moment, finally, and suddenly by a big leap, jumped over the $28-trillion mark, with a $143-billion leap in one day on Wednesday, March 31, following some big Treasury sales. Source Wolfstreet
The Russian Akademik Cherskiy vessel has arrived at the construction site to lay pipes for the Nord Stream 2 gas pipeline project, Nord Stream 2 AG, project operator company, told reporters. Source Tass
Holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, setting a contrast with the eurozone where a more sputtering recovery from the coronavirus crisis is helping haven assets hold their value. Source FT
