RBI likely to keep key policy rate unchanged, say experts
Amid global scare due to new coronavirus variant Omicron, the RBI is likely to maintain status quo in its upcoming monetary policy and wait for a more opportune time to calibrate benchmark interest rate to promote growth without sacrificing the main objective of containing inflation. The central bank had kept the benchmark policy rate unchanged in October.
Why employers may need to bend toward a more flexible future to stay competitive
News/Business: The long-term provision of flexible work will remain a key draw for employees in Canada's future economy and also for organizations looking to retain their services, employers and experts say.
Lower oil prices to counter Omicron fears; yet rupee to remain subdued
Concerns over new Covid-19 variant Omicron, as well as continued foreign fund outflows, will keep Indian rupee subdued during the upcoming week. Rising trade deficit along with fears of US tapering measures are likely to hamper any appreciation move. However, the downside will be capped by lower oil prices.
Will psychedelics become mainstream? This Calgary company is betting on it
News/Canada/Calgary: Pysgen, an Alberta business, is seeking to manufacture synthetic psychedelics for the pharmaceutical industry. While the application of hallucinogens in medicine is in its infancy and remains highly speculative, the company is riding a wave of renewed interest in the field.
Elon Musk’s wealth drops $15 billion as tech stocks plunge
Elon Musk’s net worth fell by $15.2 billion on Friday -- the most among tech billionaires -- after Tesla Inc shares extended losses. That leaves Musk’s fortune at $268.9 billion, which is still up 72% for the year, according to the Bloomberg Billionaires Index.