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Dhaka slashes GDP to 11-year low of 5.2% for 2019-20




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Leveraging Microsoft 365 for CCPA and GDPR compliance

Companies that already have or intend to invest in Microsoft 365 can save significant time and money by simply learning to configure and deploy various tools and features already included in Microsoft 365 to help meet privacy requirements




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Poke Me: The Budget ignores urban India, where two-third of India's GDP is generated

As per the new Budget, the profit-linked income tax exemption for promoters of affordable housing with a 30 sq m limit will apply only to the four metropolitan cities.




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India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter

India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter





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Better Late Than Never To Make Your WordPress GDPR Compliant – 21 Plugins You Might Need To Know

Lately, The hype of GDPR was on high around May 25, 2018 but due to its complication and in depth detail, it was not easy for everyone to understand and get prepare for this new policy for European countries. In very simple words, GDPR stands for General...

The post Better Late Than Never To Make Your WordPress GDPR Compliant – 21 Plugins You Might Need To Know appeared first on SmashingApps.com.




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New Auphonic Privacy Policy and GDPR Compliance

The new General Data Protection Regulation (GDPR) of the European Union will be implemented on May 25th, 2018. We used this opportunity to rework many of our internal data processing structures, removed unnecessary trackers and apply this strict and transparent regulation also to all our customers worldwide.

Image from pixapay.com.

At Auphonic we store as few personal information as possible about your usage and production data.
Here are a few human-readable excerpts from our privacy policy about which information we collect, how we process it, how long and where we store it - for more details please see our full Privacy Policy.

Information that we collect

  • Your email address when you create an account.
  • Your files, content, configuration parameters and other information, including your photos, audio or video files, production settings, metadata and emails.
  • Your tokens or authentication information if you choose to connect to any External services.
  • Your subscription plan, credits purchases and production billing history associated with your account, where applicable.
  • Your interactions with us, whether by email, on our blog or on our social media platforms.

We do not process any special categories of data (also commonly referred to as “sensitive personal data”).

How we use and process your Data

  • To authenticate you when you log on to your account.
  • To run your Productions, such that Auphonic can create new media files from your Content according to your instructions.
  • To improve our audio processing algorithms. For this purpose, you agree that your Content may be viewed and/or listened to by an Auphonic employee or any person contracted by Auphonic to work on our audio processing algorithms.
  • To connect your Auphonic account to an External service according to your instructions.
  • To develop, improve and optimize the contents, screen layouts and features of our Services.
  • To follow up on any question and request for assistance or information.

When using our Service, you fully retain any rights that you have with regards to your Content, including copyright.

How long we store your Information

Your Productions and any associated audio or video files will be permanently deleted from our servers including all its metadata and possible data from external services after 21 days (7 days for video productions).
We will, however, keep billing metadata associated with your Productions in an internal database (how many hours of audio you processed).

Also, we might store selected audio and/or video files (or excerpts thereof) from your Content in an internal storage space for the purpose of improving our audio processing algorithms.

Other information like Presets, connected External services, Account settings etc. will be stored until you delete them or when your account is deleted.

Where we store your Data

All data that we collect from you is stored on secure servers in the European Economic Area (in Germany).

More Information and Contact

For more information please read our full Privacy Policy.

Please do not hesitate to contact us regarding any matter relating to our privacy policy and GDPR compliance!







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Are you interested in GDP, Inflation, Economic news ?

Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.




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Australia's GDP To Decline Most On Record: RBA

The Australian economy is set to log its biggest contraction in the history due to the coronavirus, or Covid-19, pandemic, the Reserve Bank of Australia said Friday. In its quarterly statement on monetary policy, the central bank said gross domestic product is expected to contract around 10 percent over the first half of 2020, mostly concentrated in the June quarter.




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Report: Triathlon Contributed $4.7M To GDP

This year’s MS Amlin World Triathlon Series [WTS] event in Bermuda “generated an estimated $4.7 million for the island’s economy, along with another $9.3 million in projected future tourism,” according to a study by PricewaterhouseCoopers [PwC]. “The April 28 event—one of three annual International Triathlon Union [ITU] World Triathlon Series races secured by Bermuda through […]

(Click to read the full article)




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Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? -- by Sangmin Aum, Sang Yoon (Tim) Lee, Yongseok Shin

We construct a quantitative model of an economy hit by an epidemic. People differ by age and skill, and choose occupations and whether to commute to work or work from home, to maximize their income and minimize their fear of infection. Occupations differ by wage, infection risk, and the productivity loss when working from home. By setting the model parameters to replicate the progression of COVID-19 in South Korea and the United Kingdom, we obtain three key results. First, government-imposed lock-downs may not present a clear trade-off between GDP and public health, as commonly believed, even though its immediate effect is to reduce GDP and infections by forcing people to work from home. A premature lifting of the lock-down raises GDP temporarily, but infections rise over the next months to a level at which many people choose to work from home, where they are less productive, driven by the fear of infection. A longer lock-down eventually mitigates the GDP loss as well as flattens the infection curve. Second, if the UK had adopted South Korean policies, its GDP loss and infections would have been substantially smaller both in the short and the long run. This is not because Korea implemented policies sooner, but because aggressive testing and tracking more effectively reduce infections and disrupt the economy less than a blanket lock-down. Finally, low-skill workers and self-employed lose the most from the epidemic and also from the government policies. However, the policy of issuing “visas” to those who have antibodies will disproportionately benefit the low-skilled, by relieving them of the fear of infection and also by allowing them to get back to work.




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New GDPR laws

We have updated RepeatServer.com and RepeatSignage.com and fully audited our data in line with new GDPR laws.




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Forums / Comments Closed Due to GDPR

Recently the EU passed a new set of data laws for people who live there and the data they provide to people online. From my understanding even though Bodhi and all of its services...




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The corporate story behind GDP challenge

A clutch of big company results today illustrate the big economic trends in the UK and the world - and also say something about what the UK economy needs if its insipid recovery is to become something a bit stronger.

First the good news.

ARM, the world-leading designer of electronic chips for smartphones, tablets and consumer devices, saw revenues rise 29% in the first three months of the year and profits increase 35% (to £51m).

If we had a few more ARMs in this country, we would be agonising less about the imperative of "rebalancing" the structure of our wealth-creation away from financial services and the City.

That said, we'd need an incredible number of ARMs to make a dent in the high unemployment figures, because ARM simply licences its technology to the likes of Apple and LG, which put the chips into their devices. Or to put it another way, ARM's success is in exploiting the grey matter of a few boffins: it manufactures nothing.

Now part of the drag on Britain's recovery is the burden of debt on households and the impact of rising commodity prices on consumers' spending power.

You can see some of that in the first half figures of Associated British Foods, which points out that world sugar prices are at a 30-year high and that there has been a sugar shortage in Europe. ABF's sugar, grocery and agriculture profits were up substantially (sugar by 27%).

ABF's Primark chain of shops, whose prices tend to be the lowest on the high street, seems to have benefited from shoppers desire to trade down and economise, since underlying or like-for-like sales rose 3%. But although that looks okay compared with competitors, it was half the rate of last year's increase.

A further manifestation of all that borrowing in the euphoric years, before the bubble burst in 2007-8, is another set of uninspiring financial results from Heathrow and Stansted airports, and their holding company, BAA (SP) limited.

The losses of the two London airports increased 8% to £211.5m and net debt in BAA (SP) was flat at a substantial £9.9bn. Net debt at the next corporate level up, BAA (SH) plc was a chunky £10.4bn, against a regulated asset base of £13bn (which moved in the right direction by 2.7%).

BAA was acquired by the Spanish group Ferrovial and partners at the height of the debt-fuelled buyout boom of 2006 - and although BAA would argue that operational performance has improved, there is a question about when if ever the owners will ever see a return on their enormous investment.

Meanwhile, in spite of the rising trend of commodities and energy, including oil, BP's profits in the first three months of the year actually fell a fraction to $5.5bn. You can see the impact of higher oil prices in a near trebling of profits to $2.1bn made in refining and marketing - but there was a significant fall in production, some of it related to the Gulf of Mexico disaster.

The fundamental BP story is that the risks and costs of extracting energy are on a secular rising trend - for which we all pay a price.

Last but never least is Barclays and its figures for the first quarter of 2011 - which show top line income lower than the first quarter of last year and below the last quarter of last year. As for profits, they were up a bit or down a bit, depending on what view you take of whether changes in the notional value of Barclays' own borrowings should be included.

The unambiguous trend is a sharp reduction in the charge of debts and investments going bad - which was 39% lower compared with a year ago and 33% down on a three-month comparison.

As for lending, loans to retail customers rose by just under £1bn to £229bn since the end of 2010 - which is neither here nor there for a bank of Barclays' size. And the overall value of Barclays' loans and investments, on a risk-weighted basis, fell 1.5% over 12 months to £392bn.

For Barclays and other big western banks, it's no longer about growing their balance sheets, about lending more and more. Their long term recovery requires deleveraging, shrinking, which is the corollary of the perceived need for western consumers and governments to pay down their respective debts.

Here's the painful part: we may need banks to become smaller, but we all suffer if in the process they starve job-creating businesses of vital finance.

Those who fear the worst won't be reassured by figures just released by the British Bankers Association (BBA), which show that net lending to non-financial businesses by banks fell £3.2bn in March.

The BBA blames weak demand from companies. And although Barclays and the other banks have promised the Treasury, in their Project Merlin agreement, that they will meet the credit needs of the economy, my electronic postbag indicates that there remains quite a gap between their perception of deserving borrowers and yours.

Update 11:15: As some of you have pointed out, ARM saw its profits increase to £51m not £51bn, as I originally said, whilst losses at the two London airports increased to £211.5m, not £211.5bn. Sorry for my brainstorm. I've probably been dealing in billions a little too often recently - due to the magnitude of our recent financial crisis.




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Episode 90 - The Internet of Meaty Topics (IoMT) Digital afterlife, net neutrality and GDPR emails

Oh boy what a meaty session we have for you as Christina Mercer, Somrata Sarkar, David Price and Henry Burrell tackle three whopics (whopping topics) head on.


Somrata takes us into the sometimes scary thoughts of our own digital afterlives. Should we be worried that we'll end up as misrepresentative chat bots one day? Who will have the authority to police the companies that harvest our data?


Then Christina explains the knife edge America is on when it comes to net neutrality. Despite recent hope, there's still a chance the web across the pond will be ruthlessly metered and segmented.


Finally David asks us if we've checked our unused email accounts recently, as there might be a lot of desperate noodle companies in there begging you to stay on their mailing lists.


 

See acast.com/privacy for privacy and opt-out information.




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Credit-to-GDP gaps

Advanced preliminary release for Q4 2019 quarterly data on credit-to-GDP gaps covering 44 economies have been updated. These time-series data show the difference between the credit-to-GDP ratio and its long-run trend, which can serve as an early warning indicator of financial crises. As input, the data used are the credit-to-GDP ratio as published in the BIS database of total credit to the private non-financial sector. The credit series capture total borrowing by the private non-financial sector (ie households and non-financial corporations) from all sources.




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The Obvious Consequences of GDPR

This law is going to make a mess sooner rather than later.




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Spotlight on SiriusDecisions: GDPR

GDPR comes into force on May 25. Here's a timely look at its impact on B2B marketing and sales functions with Julian Archer of SiriusDecisions




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Session-Replay Analytics Could Be a GDPR Quagmire

Here's a new angle on GDPR, likely one of many angles people haven't yet considered: Does web session recording count as collecting PII?




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GDPR Day: As Crazy as You'd Expect

Let's all panic, like we didn't know GDPR was ever really going to happen!!!




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GDPR: Is Gated Content the Solution?

There are reasons to think gated content might be problematic under GDPR




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લૉકડાઉનના કારણે અર્થવ્યવસ્થાને મોટો ફટકો, દેશનો GDP ગ્રોથ 3%થી ઓછો રહેવાની વકી

વર્લ્ડ બૅન્ક ભારતીય અર્થતંત્ર વિશે એક અનુમાન આપ્યું છે. જેનાથી સીધી રીતે ભારતીય અર્થતંત્રને ફટકો લાગી શકે છે.





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Critical XSS Vulnerability Patched In WordPress Plugin GDPR Cookie Consent







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Emerging markets predicted to spearhead GDP growth over next decade

Lower fertility rates will boost economic growth, according to a demographic model developed by Renaissance Capital. 




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The implementation of the GDPR in Romania

We report on Romania’s recently introduced data protection law, focussing on the provisions relating to the processing of national identification numbers and the rules on the use of CCTV and monitoring in an employment context. In July 2018, R...




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Shining a light on what “necessity” means for GDPR & tightening up “contract” as a lawful processing ground in the context of “online services”

The European Data Protection Board (EDPB) has published a set of guidelines (in draft) for public consultation. These will be absolutely key to providers of online services, such as social media, e-commerce, internet search engines, communication an...




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What “necessity” means for GDPR – our eight point summary

...




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Taking stock - what has and hasn’t been working since the GDPR’s introduction last May

Lorna Doggett examines what has and hasn’t been working since the GDPR’s introduction last May. To read the full article click here > This article was published in the April 2019 edition of Intellectual Property Magazine, and is repro...




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GDPR one year on…

The passage of a year since GDPR came into force has been a marker for the ICO and others to pause, reflect, and (importantly) for the ICO to give some indications as to what lies ahead. The ICO has published a blog post. It is a useful snapshot of ...




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German data protection authorities agree on calculation model for GDPR fines

While fines recently imposed by the French and UK data protection supervisory authorities have been high, the supervisory authorities in Germany have so far imposed rather moderate penalties. This could now be changed by a new model for calculating ...




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New regulations permit the Central Bank of Ireland to limit the rights of data subjects under the GDPR

Precis: In this briefing, we look at the new regulations permitting the Central Bank of Ireland to limit the rights of individuals under the GDPR. On 30 October 2019 the Data Protection Act 2018 (section 60(6)) (Central Bank of Ireland) Regulations ...




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'Faisalabad GDP to go up despite lockdown'

FAISALABAD: Despite the lockdown, the GDP of Faisalabad is expected to grow from 1.3 to 2.2 per cent. This was said by National Assembly Standing Committee on Finance, Revenue and Economic Affairs Chairman Faizullah Kamoka. He was addressing a virtual discussion on Local Economic Development of...




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Impact of Covid-19 pandemic: Pakistan's GDP to contract by 1.6pc in current fiscal, says Economist Intelligence Unit

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...




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Impact of COVID-19 pandemic: Pakistan's GDP to contract by 1.6pc in current fiscal, says Economist Intelligence Unit

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...




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Impact of COVID-19 pandemic: Pak GDP to contract by 1.6pc in current fiscal, says Economist Intelligence Unit

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...




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UK coronavirus outbreak 'could cause GDP drop of 35% and leave 2 million more people unemployed'

Follow our live coronavirus updates HERE Coronavirus: The symptoms




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Hackin' the GDPR

Trying to comply with the GDPR got you down?
Maybe our parody will cheer you up.

(Sung to the tune of Lennon-McCartney's "Back in the U.S.S.R.")









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Financial conditions and GDP growth-at-risk

Loose financial conditions that increase GDP growth in the near-term may come with a tradeoff for higher risks to future economic growth, according to a new paper from Brookings Senior Fellow Nellie Liang, and Tobias Adrian, Federico Grinberg, and Sheheryar Malik from the International Monetary Fund.  The authors study 11 advanced economies to develop a…

       




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Financial conditions and GDP growth-at-risk

Loose financial conditions that increase GDP growth in the near-term may come with a tradeoff for higher risks to future economic growth, according to a new paper from Brookings Senior Fellow Nellie Liang, and Tobias Adrian, Federico Grinberg, and Sheheryar Malik from the International Monetary Fund.  The authors study 11 advanced economies to develop a…

       




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Figure of the week: Illicit financial flows in Africa remain high, but constant as a share of GDP

This month, the Africa Growth Initiative at Brookings published a policy brief examining trends in illicit financial flows (IFFs) from Africa between 1980 and 2018, which are estimated to total approximately $1.3 trillion. A serious detriment to financial and economic development on the continent, illicit financial flows are defined as “the illegal movement of money…

       




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Get Ready for Slower GDP Growth in China

The recent gyrations in the Chinese interbank market underscore that the chief risk to global growth now comes from China. Make no mistake: credit policy will tighten substantially in the coming months, as the government tries to push loan growth from its current rate of 20% down to something much closer to the rate of nominal GDP growth, which is about half that. Moreover, in the last few months of the year the new government will likely start concrete action on some long-deferred structural reforms. These reforms will bolster China’s medium-term growth prospects, but the short-term impact will be tough for the economy and for markets.

The combination of tighter credit and structural reforms means that with the best of luck China could post GDP growth in 2014 of a bit over 6%, its weakest showing in 15 years and well below most current forecasts. A policy mistake such as excessive monetary tightening could easily push growth below the 6% mark. Banks and corporations appear finally to be getting the message that the new government, unlike its predecessor, will not support growth at some arbitrary level through investment stimulus.

The dire performance of China’s stock markets in the past two weeks reflects this growing realization among domestic investors, although we suspect stocks have further to fall before weaker growth is fully discounted.

Slower growth… but no Armageddon

But the China risk is mainly of a negative growth shock, not financial Armageddon as some gloomier commentary suggests. Financial crisis risk remains relatively low because the system is closed and the usual triggers are unavailable. Emerging market financial crises usually erupt for one of two reasons: a sudden departure of foreign creditors or a drying-up of domestic funding sources for banks. China has little net exposure to foreign creditors and runs a large current account surplus, so there is no foreign trigger. And until now, banks have funded themselves mainly from deposits at a loan-to-deposit ratio (LDR) of under 70%, although the increased use of quasi-deposit wealth management products means the true LDR may be a bit higher, especially for smaller banks. The danger arises when banks push up their LDRs and increasingly fund themselves from the wholesale market. So a domestic funding trigger does not exist—yet.

The People’s Bank of China clearly understands the systemic risk of letting banks run up lending based on fickle wholesale funding. This is why it put its foot down last week and initially refused to pump money into the straitened interbank market. Interbank and repo rates have dropped back from their elevated levels, but remain significantly above the historical average. The message to banks is clear: lend within your means. This stance raises confidence that Beijing will not let the credit bubble get out of control. But it also raises the odds that both credit and economic growth will slow sharply in the coming 6-12 months.

If the economy slows and local stock markets continue to tumble, doesn’t this mean the renminbi will also weaken sharply? Not necessarily. Beijing has a long-term policy interest in increasing the international use of the renminbi, which can only occur if the currency earns a reputation as a reliable store of value in good times and bad. Allowing a sharp devaluation now runs against this interest, and also would be a sharp break from a long-established policy of not resorting to devaluation to stimulate growth, even at moments of severe stress (as in 1997-98 and 2008-09). So while our call on China growth has been marked down, our call on the renminbi has not.

Short-term pain is better than long-term stagnation

From a broader perspective, the biggest China risk is not that the country suffers a year or two of sharply below-trend growth. If that slowdown reflects more rational credit allocation and the early, painful stages of productivity-enhancing reforms, it will be healthy medicine. And even a much slower China will still be growing faster than all developed markets and most emerging ones.

The real risk is rather that the new government will show a lack of nerve or muscle and fail to push through financial sector liberalization, deregulation of markets to favor private firms, and fiscal reforms to curtail local governments’ ability to prop up failing firms, overspend on infrastructure, and inflate property bubbles. The old government wasted the last three years of its term doing none of these things despite the obvious need. The new leaders are talking a better game, but they have a year at most to articulate a clear reform program, begin implementation (liberalizing interest rates and freeing electricity prices would be a good start), and ruthlessly removing senior officials who stand in the way. If they fail to deliver, then the short-term slowdown could become a long and dismal decline.

Publication: GKDragonomics
      
 
 




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The GDP Report Is Not As Bad As It Looks


My first response to the GDP report was “holy cow!”-- it’s not often that the U.S. economy contracts, and the headline says that this just happened in the final quarter of 2012. Many had expected weak growth; none had seen a contraction coming. But once you take a deep breath, read past the headline, and delve into the numbers, you’ll see that this is actually a pretty good (though not great) report. The internals are much better than the top-line belies. Under the hood, we see solid growth in both consumption and investment and as a result, private spending was humming along. Last quarter’s decline in U.S. GDP was all about inventories (which subtracted 1.3 percentage points from growth), as well as sharp cuts in defense spending. Neither of these are expected to persist.

And let’s not forget that this is the "advance" GDP estimate, which is only an early (an often inaccurate) guess as to what was happening. Typically, this estimate misses the mark by a full 1.3 percentage points.

I'm sure we will start seeing the use of the dreaded "R" word (recession). That's premature, and almost certainly wrong. The U.S. economy is growing, although probably slower than potential. Don’t let me overstate my sunny optimism though—the recovery is still precarious, and Congress could still blow it up.

Overall, there's nothing in today's GDP report to change my view: The U.S. economy was doing OK -- maybe even pretty well -- but definitely not great in the final quarter of 2012. While this morning's negative growth number is an attention grabber, realize it's for last quarter, it's an early guess, and it's contradicted by most other data which point to an economy that is still growing, although perhaps not fast enough.

And finally, a trivia question: When is the last time that the first big hint of bad economic news came from an advance GDP report? Answer: Never.

Image Source: © Rebecca Cook / Reuters
     
 
 




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Podcast | Prachi Singh talks about the impact of air pollution on child health and GDP

       




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Climate Change Will Destroy 5% of Pakistan's GDP

Climate-related disasters and other losses will cost Pakistan $14 billion each year, a former environment has said.




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US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis

This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since the 8.4% plunge in Q4 of 2008 during the worst of the financial crisis




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Stock market live Wednesday: Tech stocks rise, Dow falls 200, GDP -18%?

A converstation about the latest market-moving news, including oil's six-day rally and expectations of reopening the economy.