Home » Page 129097
Category:

Economy

US stocks closed mixed as investors celebrated inflation data

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-05-10 20:46:00

© Archyde.com. Traders trade on the Wall Street Stock Exchange in New York on November 15, 2022. Photo: Brendan McDiarmid/Archyde.com.

(Archyde.com) – The Standard & Poor’s and the Nasdaq rose on Wednesday, helped by a slightly smaller-than-expected rise in inflation in April and Alphabet’s use of the latest artificial intelligence tools in its search engine.

The Consumer Price Index released by the Labor Department rose 4.9 percent in April from a year earlier, compared to an expected increase of 5 percent, raising hopes that the Federal Reserve is close to ending the rate-raising cycle it began more than a year ago. On a monthly basis in April, the consumer price index rose 0.4 percent, following rising 0.1 percent in March.

Lower-than-expected inflation data boosted the Nasdaq Composite Index, rising 1.17 percent to Wednesday’s highest level in more than eight months.

And helped the Nasdaq to climb higher shares of Alphabet following the company used more artificial intelligence tools in its main search product in response to its competitor Microsoft (NASDAQ:).

According to preliminary data, the Standard & Poor’s 500 index rose by 17.93 points, or 0.44 percent, to close at 4,137.10 points, and the Nasdaq Composite Index rose 124.68 points, or 1.04 percent, to 12,304.23 points. On the other hand, the industrial index fell 33.45 points, or 0.10 percent, to 33,528.36 points.

(Prepared by Muhammad Harfush for the Arabic Bulletin – Edited by Ali Khafaji)

1683754358
#stocks #closed #mixed #investors #celebrated #inflation #data

0 comments
0 FacebookTwitterPinterestEmail
Health

We must limit moves between CHSLDs and seniors’ homes, warns a researcher

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-05-10 20:59:09

The moves of residents of CHSLDs to seniors’ homes (MDA) must be approached with great caution, warns an expert in the field who is worried regarding the impacts for residents and caregivers.

“Almost 100% of people who live in CHSLDs have cognitive disorders,” argues Jessika Roy-Desruisseaux, geriatric psychiatrist at the Faculty of Medicine and Health Sciences at the University of Sherbrooke.

This gives rise, she says, “to a loss of bearings”. “It’s difficult to adapt, to understand why we are in another place, where we are. »

She was alarmed by the revelations of the Duty on the use, in several regions, of partially empty seniors’ homes to house residents of CHSLDs undergoing renovation.

Mme Roy-Desruisseaux, who follows patients in CHSLDs as part of his work in Estrie, was not aware of this practice.

She feels that we should limit the moves of people with advanced cognitive disabilities as much as possible or, at least, ensure that they can stay at the MDA once moved – and are not moved once more to the end of the work.

In interview at Dutythe health authorities of the regions where it is done, have indicated that it would be possible for people to stay but that it would not be systematic.

On the other hand, those who will stay at the MDA will not have the same staff because the employees will necessarily have to return to the CHSLD.

Pressure on caregivers

Jessika Roy-Desruisseaux underlines how heavy this type of move can be for the caregivers who accompany the residents. As part of a research she is conducting on this subject, the latter have told “how complicated it was”. “They are often notified at the last minute,” she says.

“That means that each of the families must go and pack their bags, warn, direct the person,” she adds, pointing out that caregivers are “not always well accompanied” by the staff.

If the move to the seniors’ home is temporary, it’s hard for them, “because it means two moves”.

Further details will follow.

To see in video

1683754226
#limit #moves #CHSLDs #seniors #homes #warns #researcher

0 comments
0 FacebookTwitterPinterestEmail
Economy

Indian Diaspora: Indian economy benefited from diaspora: RBI’s Michael Patra

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-05-10 15:53:34

The Indian diaspora contributed substantially to the country’s forex reserves pile-up. In addition to sending record amounts- $108 billion – as remittances to their families back home, cumulative NRI deposits are at $136 billion as of February 2023, according to a top RBI official.

“The Indian economy has been a beneficiary of this dynamic and industrious diaspora. India currently receives the highest flow of remittances in the world at $ 108 billion in 2022, up by 24.6 per cent from a year ago, and accounting for 3 per cent of India’s GDP” RBI deputy governor Michael Patra said in his address at the Indira Gandhi Institute of Development Research (IGIDR) Alumni Conference, Mumbai. “Additionally, Indians residing abroad hold deposits in Indian banks cumulating to $ 136 billion at the end of February 2023”. The country’s foreign exchange reserves are at $588 billion as of April 28, 2023.

Undescording the contribution of the diaspora, Patra noted that over the years, India’s perceptions regarding the diaspora have also transformed from ‘brain drain’ to ‘brain gain’, spurred by the contributions that Indians have made in various fields in the global arena, including information technology, entrepreneurship, international politics, medicine, arts and culture, with some of them becoming Nobel laureates.

An outward reflection of India’s demographic bonus is the vibrant expansion of Indian communities across the world. ” India has always been an open economy and international migration has been a major force defining India’s economic, social and political relations with the rest of the world right from the Bronze Age in 3000 BC ” Patra said.

Besides, the Indian economy is undergoing a quiet but fundamental transformation encompassing all its sectors. “Perhaps the most striking transformation is occurring in India’s exports of services which have demonstrated pandemic-proofing, rising by above 25 per cent per annum since 2020, and providing valuable support to the viability of the external sector” Patra said.

India is home to regarding 40 per cent of world’s Global Capacity Centres, and they are estimated to comprise 25 per cent of overall IT services exports, according to Patra. GCCs are also driving diversification, with firms in diverse sectors such as electronics, retail, automotive, banking and financial services, and hospitality, to name a few, setting up GCCs in India.

1683754167
#Indian #Diaspora #Indian #economy #benefited #diaspora #RBIs #Michael #Patra

0 comments
0 FacebookTwitterPinterestEmail
Entertainment

How to eliminate snails from the backyard

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-05-10 13:00:56