parmindersachdeva

[parmindersachdeva]

I just couldn’t help but share this amazing news with all of you who have helped me and my company Avner Brokers Pvt Ltd at each and every step of our journey. I’m really excited to share that- with your blessings and best wishes; I won the Best Entrepreneur of the Year award presented by Trade and Media for the year 2021, received from Mega Bollywood star Mr. Sunil shetty ji. Our organization- Avner Brokers Pvt. Ltd., is a small initiative taken to expand the knowledge and use of Crypto assets globally. We aim to make all the people around the world well equipped with the power of digital currency and assets. This is just a very humble beginning and we hope touch greater heights with your support. #forex #forextrading #forexbroker #avnerbrokers #unitedexchange #ue #cryptocurrency #crypto #bitcoin #bitcointrading #btcindia #forexmarket #forexsignal #cryptoexchange (at Radisson Blu New Delhi Dwarka) https://www.instagram.com/p/CK4SyfxFUPU/?igshid=1mrh94qxvo66w

#forex #forextrading #forexbroker #avnerbrokers #unitedexchange #ue #cryptocurrency #crypto #bitcoin #bitcointrading #btcindia #forexmarket #forexsignal #cryptoexchange

[parmindersachdeva]

Is the Controversy over the US Presidential Election Good or Bad for BTC?

As the election drama continues, Bitcoin has surpassed $14,000.

What a week it has been.

While parties on both sides of the aisle were confident that the US Presidential election would be a landslide in either direction, this week saw the election transform into a real nail-biter: while Joe Biden was ahead at press time, Donald Trump still had a path to victory.

At the same time, the Trump campaign has already made it clear that the current President will not accept a loss without a fight.

The Trump campaign has already demanded a recount in the state of Wisconsin, which Joe Biden won by less than a percentage point; the campaign further said that it would file suit in Michigan to halt vote counting there.

Is the 2020 Election a ‘Constitutional Crisis’ in the Making?

The state of Pennsylvania has also been targeted by the Trump campaign with a lawsuit to stop ballot-counting filed Wednesday. Additionally, Before any official results were announced, the president’s campaign also intervened at the Supreme Court in a case that challenged Pennsylvania’s plan to count ballots received until up to three days after Election Day.

Also on Wednesday evening, the New York Times reported: “Mr. Trump’s team added Georgia to its list of legal targets” with requests for a court order that would enforce strict deadlines in Chatham County. The request follows allegations by a Republican poll observer that a small number of ineligible ballots might be counted in one location.

As the election drama continues, the number of lawsuits and other attempts to halt vote counting is likely to grow. In other words, we are in for a wild ride.

Indeed, Kadan Stadelmann, Chief Technology Officer of Komodo, told Finance Magnates that “given that there’s still a handful of states that are undecided in the presidential race, tensions are certainly high.

 “The continuous counting of mail-in ballots and possible lawsuits in key swing states could stretch to days or weeks, making for a constitutional crisis. Subsequently, there’s a good chance that neither party will accept the outcome if they are not in favour of the results.”

What does this mean for crypto?

“Political Uncertainty and Economic Uncertainty Go Hand in Hand.”

Kadan Stadelmann said that generally speaking, “political uncertainty and economic uncertainty go hand in hand.”

This time around, though, “it’s difficult to determine with certainty that there will be a negative effect on financial markets,” Stadelmann said. “Historically, S&P 500 volatility has been higher following an election as markets frequently reprice the probability of the future administration’s policies.”

 So far this week, the election drama does not seem to have affected stock prices negatively, in fact, the opposite seems to be the case. A number of analysts have said that the upward movement in stock prices is due in large part to an apparent increase in the likelihood that Joe Biden will receive the 270 electoral votes needed to become the President-elect.

 Additionally, there have been upward movements in cryptocurrency markets. Over the course of the last week, the price of Bitcoin has steadily moved up from around $13,200 to $14,341. Over the same time period, the collective market cap of all cryptocurrencies has increased from $394 billion to $410 billion.

“At This Point, You Could Elect a Martian President and Risk Assets Would Rally.”

However, it is unclear whether Bitcoin and other cryptocurrencies are being fueled by Biden’s current lead in the presidential race, or if the threat of a deeply contested election (and possible civil unrest to follow) could be what is propelling Bitcoin forward.

Jeff Dorman, Chief Investment Officer at Arca, believes that BTC’s upward journey is most likely due to the former.

“Markets hate uncertainty,” he said, particularly when it comes to risk assets. “Therefore, anything that clears up uncertainty is viewed positively by markets. Most investors can deal with negative outcomes, but they struggle to deal with uncertain outcomes.”

Therefore, “now that the election is (mostly) over and (seems) to be a victory for Biden, that uncertainty cloud is removed and people put money back to work.”

Arca published a report about this very phenomenon last month: “it appears that any news that clears up uncertainty will be met positively by market participants,” the report reads. “At this point, you could elect a Martian president and risk assets would rally simply because the uncertainty discount would be removed.”

“More Stimulus Is Coming Regardless of Who Is Elected.”

Therefore, the price of Bitcoin and other cryptocurrencies may have actually been held back in recent weeks and months because of the seeming uncertainty of the election. Now that things seem to be a bit more clear, BTC could continue to rise out of the veil of uncertainty and into new heights.

“Once uncertainty is removed, reality sets in that more stimulus is coming regardless of who is elected, and that brings USD weakness,” Jeff Dorman told Finance Magnates. “This is bullish for BTC.”

Indeed, Meltem Demirors, Chief Strategy Officer at CoinShares, told Finance Magnates that “partisan narratives aside, whether they are delivered in the form of tax cuts for corporations and the wealthy (Republicans) or in the form of government spending programs (Democrats), deficits are inevitable regardless of the outcome.”

#forex #forextrading #forexbroker #forex news #forexsignals #forexeducation #forexmentor #avnerfx #avnerbrokers

[parmindersachdeva]

Is Pandemic the perfect time to Invest in Gold ?

The Coronavirus pandemic has led the world into a state of constant change. Amidst the economic restrictions and other consequences of the great lockdown, the financial markets of the world are constantly facing the battle of swiftly adapting to changing circumstances but there is one asset which has regained its fame: Gold.

 Since the coronavirus outbreak and the consequent lockdown, which came to be called the Great Lockdown, started, investors across the world started to run to Gold- an asset known for its stability. Earlier this month, the price of Gold crossed a psychological milestone not reached since 2011, and the asset was being traded over $1950 per ounce. Many experts believe that Gold’s prices would continue rising in the foreseeable future.

 The current global conditions have pushed the asset to an amazing rally. To put it in simple words, a rally is a period in which the price of an asset, a group of assets or an entire market increases, i.e. prices in a market follow an upward trend.  So far in 2020, Gold has been up about 19%, helped in parts by the lower interest rates and the central bank stimulus in the U.S. which has aided the existing upward impetus.

 Unlike other investment options, say Stocks, Gold is less prone to volatility and becomes a safer option for investment, especially during tough times like now. The price of the precious metal also acts inversely to that of USD, meaning whenever the price of USD decreases - which is the case for the recent time, the price of the Gold will automatically see an increase. Even though the problem of COVID-19 paints a picture of uncertainty, Gold is one of the most stable assets that has been performing well.

 When markets across the globe were shaken by the pandemic, Gold wasn’t an exception and investors hurried to see off assets. In a short span, though, Gold earned back its ‘safe haven’ title and many investors came back to Gold. Experts think the price of gold will hit new highs in coming times.

 Thomas Taw, head of APAC iShares investment strategy at BlackRock, has suggested that the precious metal will break the $2000 per ounce record from 2011. In April, the Bank of America made a similar prediction saying that the Gold prices may go as high as $3000 per ounce.

 Many financial advisors recommend an absolute inclusion of the asset to every investor but to keep it between 1-5%. Now, experts are suggesting that this portfolio percentage for the asset may increase from 5-15%. So, how can one invest in this stable precious metal?

 Thomas Taw of BlackRock suggests investors must first question themselves about why they want to invest in Gold. He says, “Is it for return potential or portfolio diversification?” Answer this, and then explore your options. An investor nowadays has multiple opinions when it comes to investing in the asset, which are:

 Buy Physical: Buying physical Gold Bars and Coins is the traditional way to own and invest in gold. It is the most liquid way to invest in Gold which can be easily bought from stores, banks and other investors and just easily sold.

 Buy ETFs/ETCs: Exchange-traded funds and exchange-traded commodities is an investment option in which you can track the price of the underlying asset without needing to hold Gold.

 Buy gold-related stocks: There are various companies which are directly linked to Gold like Gold miners and producers, is also one of the options to invest in Gold. This is so because these companies tend to copy the performance of the asset but they are prone to swings in the stock market.

 Buy alternatives: Alternative ways to invest in gold would be through gold-backed cryptocurrencies or foreign exchange trades but a certain level of trading experience is required to be proficient in this.

#forex #forextrader #forextrading #avnerfx #avnerbrokers #forexmentor #forexdubai #forexindia #bitcoininr #bitcoin #unitedexchange #Ethereum #ethereuminr #bitcoinprice #forexbroker #forexmarket

[parmindersachdeva]

Bank of England governor dismissed Bitcoin as a means of payment

During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.”

In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all to money.”

Also, he showed reluctant himself to believe crypto assets are a proper investment opportunity, because “their value can fluctuate quite, widely, unsurprisingly.”

Bailey provided such comments while talking about the picking up in the pace of innovation in payments. However, on the stablecoins, the governor commented that it could offer some “useful benefits,” such as reducing frictions in payments, but he warned:

"If stablecoins are to be widely used as a means of payment, they must have equivalent standards to those that are in place today for other forms of payment types and the forms of money transferred through them."

The speech also highlighted that some stablecoins proposals don’t include a legal claim for crypto holders, as the governor believes stablecoins “need to offer coin-holders a robust claim, with supporting mechanisms and protections to ensure they can be redeemed at any time 1-to-1 into fiat currency.”

The governor added that the starting point for the discussion of a global stablecoin should be based on single currencies but he didn’t necessarily rule out that the idea of a multi-currency stablecoin. Bailey said:

"A global stablecoin is a cross-border phenomenon. It can be operated in one jurisdiction, denominated in another’s currency, and used by consumers in a third. The regulatory response must match this. […] Global issues require a global response, particularly for multi-currency stablecoins intended for cross-border transactions."

In June, United Kingdom-based blockchain firm L3COS submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital currency, or CBDC.

Also, in March, the BoE published an in-depth discussion paper devoted to CBDCs, which analyzed the rapidly changing payments landscape and the potential role for CBDCs to support the bank’s task of managing monetary and financial stability.

#forex #crypto #cryptotrading #bitcoin #tradebitcoin #unitedexchange #avnerfx #forextrader forextrading forexlifestyle cubeglobal cubeglobalfx forexsignals forexmarket forexeducation forexmentor forexmillionaire forexdu

[parmindersachdeva]

The come back is always stronger than the setback. #forex #avnerfx #cubeglobalfx #unitedexchange #crypto #cfd #binaryoptions #equitytrading #etfbonds #metal #trading (at The Model Town social and Welfare Society) https://www.instagram.com/p/CEniRuYFf9p/?igshid=nedrh05jkgjt

#forex #avnerfx #cubeglobalfx #unitedexchange #crypto #cfd #binaryoptions #equitytrading #etfbonds #metal #trading

[parmindersachdeva]

Ultimate Guide of 2020 for Investing in Cryptocurrency

The cryptocurrency market is without a doubt the market of the future. In a little over a decade, the market has grown into one of the most profitable financial markets in the world. It was reported in 2009 that the total market cap of the crypto market was over 237.1 billion dollars, undoubtedly it has only grown since then. In the years since its inception, the cryptocurrency has grown beyond anyone’s wildest dreams but it is still in its initial stages. What does that mean? It means that the cryptocurrency market still has unexplored potentials, not to mention that it is ever-evolving and ever-expanding- which translates to unlimited opportunities for traders. One of the biggest advantages that the crypto market offers to traders is that the market is active 24x7, which makes it the most liquid market in the world!

 Now, more than ever before, people are beginning to notice the cryptocurrency market. When the coronavirus outbreak led to the great lockdown, and the majority of the world got confined to their homes, major financial markets slowed down because there was a significant decrease in the economic activities across the globe. The cryptocurrency market, on the other hand, gained not only trading volume but also more reputation for lasting through any circumstances. When people got confined to their homes, trading also got confined to just online trading. It is not to say that trading in other financial markets cannot be done online but the fact that cryptocurrency was born on and for the internet gives it a major advantage over other markets. So, there couldn’t have been a better time to invest in this new-age financial market. Here’s your ultimate guide of investing in cryptocurrency in 2020.

 Cryptocurrency refers to an encrypted and decentralized digital currency. Created after the economic crisis of 2008 as an alternative currency, they are based on blockchain- a permanent and immutable decentralized digital ledger system. Bitcoin was the original cryptocurrency but since its creation in 2009, thousands of ‘altcoins’ have emerged in the crypto sphere.

 To invest in crypto, simply said, you need two things- a place to ‘buy’ it and a place to store it. To buy or trade cryptos, one needs to use a platform called ‘Cryptocurrency Exchange’ and there are over 500 crypto exchanges. One should always go for a trusted and reliable exchange like United Exchange, Coinbase, Binance etc.

  To store cryptos, one needs a special cryptocurrency wallet, and there are two kinds of cryptocurrency wallets - software and hardware wallets. Software or hot wallets are software that stores your private and public keys of your cryptocurrency profile. Hardware wallets -also called cold wallets, on the other hand, are physical devices that store your cryptocurrency profile. Many exchanges like Coinbase and others provide you with their software wallet when one trades with these exchanges. United Exchange, one of the leading cryptocurrency exchanges, offers its users cold wallets for storing their cryptos.

 Here are some things you need to know about the cryptocurrency market:

Although     there are numerous cryptocurrencies, over 5000 at this point, each     cryptocurrency only has a limited number of coins as the underlying     blockchain of each cryptocurrency is designed to only support a certain     number of tokens.

Bitcoin,     even after a decade of its inception, still dominates the cryptocurrency     market as it occupies almost one-third of the whole market. For most of     the general population, it is synonymous with cryptocurrency.

Ethereum     has emerged as the only true competition for Bitcoin and occupies the     majority of the market, second only to Bitcoin.

Buying     Bitcoins and Ethereum is becoming easier by the day as cryptocurrency ATMs     start opening across the world.

In 2017,     the price of Bitcoin reached an all-time high, reaching the value of     almost 20,000 dollars. Many experts have suggested that Bitcoin and other     cryptos will again see the same level of value raise by the end of 2020 or     early 2021 due to the special circumstances of the world this year.

 The cryptocurrency market is growing by the day and so are the opportunities it offers. Simply said, there couldn’t be a better time to invest in it.

#forex #forex trading #crypto #bitcoin #unitedexchange #cubeglobalfx #avnerfx #fxtrader #cryptotrading #tradebitcoin #online #forexprofit

[parmindersachdeva]

ਬਾਣੀ ਗੁਰੂ ਗੁਰੂ ਹੈ ਬਾਣੀ ਵਿਚਿ ਬਾਣੀ ਅੰਮ੍ਰਿਤੁ ਸਾਰੇ ॥ ਗੁਰੁ ਬਾਣੀ ਕਹੈ ਸੇਵਕੁ ਜਨੁ ਮਾਨੈ ਪਰਤਖਿ ਗੁਰੂ ਨਿਸਤਾਰੇ ॥੫॥ ਕੁੱਲ ਲੋਕਾਈ ਦੇ ਮਨਾਂ ਅੰਦਰ ਗਿਆਨ ਦੇ ਚਾਨਣ ਦਾ ਪਸਾਰਾ ਕਰਨ ਵਾਲੇ, ਸ਼ਬਦ ਗੁਰੂ ਸ੍ਰੀ ਗੁਰੂ ਗ੍ਰੰਥ ਸਾਹਿਬ ਜੀ ਦੇ ਪਹਿਲੇ ਪ੍ਰਕਾਸ਼ ਪੁਰਬ ਦੀਆਂ ਸਮੂਹ ਸੰਗਤ ਨੂੰ ਲੱਖ-ਲੱਖ ਵਧਾਈਆਂ ਹੋਵਣ। ਆਓ ਪਾਵਨ ਬਾਣੀ ਸੰਗ ਜੁੜ ਕੇ ਆਪਣਾ ਜੀਵਨ ਸਫ਼ਲ ਬਣਾਈਏ। #srigurugranthsahibji #parkashpurab #guruarjandevji #gurunanakdevji (at Chandigarh, India) https://www.instagram.com/p/CED-3Sjlo21/?igshid=1adqia0aeulxo

#srigurugranthsahibji #parkashpurab #guruarjandevji #gurunanakdevji

[parmindersachdeva]

How to invest 100$ in cryptocurrency

The cryptocurrency market has been growing at an unmatched speed in the last few years. In a little over a decade, the value of the market has grown from nil to 303.1 billion dollars in 2020, as reported by Coin telegraph. With over 43 million active traders across the world and the crypto market being live 24x7, it becomes the most liquid market in the world. Initially starting with a single cryptocurrency, Bitcoin, the market has over 5000 cryptos now. This points to the unlimited and untapped potential of the market which is also ever-expanding in nature. 

This year should have been no different but for the fact that the coronavirus took over the world. When the Great Lockdown came into effect, the whole world got confined to their homes and this had major consequences which the world is bracing itself for. One of the effects of the outbreak and the lockdowns that followed was the fall in the majority of the financial markets of the world due to severe restrictions on global economic activity. The only market that stood strong in these tough times is the cryptocurrency market since only a laptop and an internet connection is required to trade cryptos- which is its major advantage over other financial markets. In plain words, there couldn’t be a better time to start investing in cryptos. Now, many people think that they need a large fund to get started within crypto-trading, but that is simply a lie. Below, you will find how to get started by investing just 100 dollars in the cryptocurrency market.

Cryptocurrencies are encrypted and decentralized digital currency. They were created after the global economic crisis of 2008 as an alternative form of financial transactions. This goal was achieved and many major companies outside the online world accept cryptos as a form of payment across the world. The scope of cryptocurrency has grown beyond that though and into an ecosystem of its own. Cryptos are based on the blockchain technology- a permanent and immutable decentralized digital ledger system. There can be numerous cryptos as numerous blockchains can be created but every blockchain can hold only a limited amount of tokens. For example, the underlying blockchain of BTC can only hold 21 million BTCs.

The best way to buy a cryptocurrency is through a cryptocurrency exchange. There are hundreds of crypto exchanges that support different tokens and provide varying services. One needs to make an account on these exchanges and buy cryptos through many payment options available. Many popular exchanges like Coinbase, United Exchange etc also provide cryptocurrency wallets to their users for storing their coins.

The price of different cryptocurrencies vary, a single token from the leading cryptos can cost you several hundred dollars or upwards, but the good thing about cryptocurrencies is that you can buy fractions of a single coin as well. It means that even though a single crypto coin may cost $1000, you can still buy one-tenth of the coin with $100 for trading or storing. On the other hand, there are thousands of cryptocurrencies of the great potential that are more affordable. You may even be able to buy several coins of these cryptos in under 100 dollars. For example, LiteCoin (LTC) and Ripple (XRP) are two of the most popular crypto coins in and outside of the crypto world as of now. A single coin of LTC costs less than $45 while a single coin of XRP costs less than a dollar. Don’t let the price of XRP throw you off, it is the fourth-largest cryptocurrency in the world according to the total market cap. Ripple’s market cap is over $9 billion and the fact that traditional financial institutions support this crypto makes it more enticing.

There are many other altcoins in the market which can bring huge profits to you if only explored properly. If not, you can always buy a fraction of popular cryptos like BTC and ETH. There’s no such thing as too small of investment capital in the crypto world, you can achieve so much with $100 here.

#forex #bitcoin #goldencoin #digitalcurrency #cryptotrading #onlinetrading #forextrading #cubeglobal #cubeglobalfx #ethereum #cryptography #binance #margintrading #bitmex

[parmindersachdeva]

Facebook to allow permanent WFH

Coronavirus has altered our way of living, for forever. It has forced us to measure how the planet works, be it political, economy-wise, or on a lower-level, the daily life of an individual. Professional life, or the way we work, is not untouched either. Traditional office settings are potential personal health and at large public hazards. Now, Facebook has announced that it will allow its employees the option of permanent work from home.

 The pandemic that swept the world has affected almost 5 million people on this planet and is the cause of death for more than 327,000 people. As the outbreak started in various countries across the globe, most of the countries went under an almost complete lockdown, which equalled a halt for the majority of the economic activity. To continue to function and survive the coming recession, which is a reality now, companies shifted the majority of their work online. So, work was being done remotely by large. This turned out to be a game-changer. More and more people are realizing the benefits of working from home, and employers have started seeing ‘WFH’ as a mainstream alternative.

 Now, the tech giant Facebook’s CEO Mark Zuckerberg announced to its employees the company plan of extending the working practices enforced during this lockdown well beyond the length of this COVID-19 outbreak. Mark Zuckerberg is planning to shift Facebook towards a significantly large remote workforce throughout the following decade, permanently reconfiguring the tech megacompany's operations around the scattered structure that the coronavirus pandemic imposed on it. The Facebook CEO said on the livestream that as much as 50% of the company’s employees might be working remotely in coming five to ten years. Zuckerberg did mention that this number is a projection, a guess and not a goal or target.

 This announcement came less than two weeks after rival social media giant Twitter announced that it would allow some employees to work from their homes ‘forever’. Zuckerberg  raised this option as both a matter of fulfilling the wants of employees and as a push to make "more broad-based economic prosperity.” He explained on the livestream that “When you limit hiring to people who live in a small number of big cities, or who are willing to move there, that cuts out a lot of people who live in different communities, have different backgrounds, have different perspectives.”

 Through this policy, Zuckerberg said that Facebook will drastically increase its remote hiring over the next few months and years. At the beginning of the process, hiring will be focussed on senior positions such as advance level engineering positions, Zuckerberg said. He also said that entry-level positions will largely not be eligible for remote hiring, at least in the initial stages when the process comes into practice.

 The company will also be focussed on enabling and supporting permanent remote work for its existing employees. Zuckerberg also said that the company is only expecting about 25% of its existing workforce to return to their desk in the beginning stages of reopening the offices.

 Those deciding to keep working remotely will be required to report their areas to the organization, Zuckerberg said. That requirement will take effect on 1st January 2021.

 Zuckerberg said, “We're setting a date for Jan. 1 for when you either need to move back to where you were, or tell us where you are and we'll basically adjust your salary to your location at that point.”

 This operation will start in the areas closer to the company’s existing offices- Portland, San Diego, Philadelphia and Pittsburgh, but it will also focus on creating new hubspots where Facebook’s presence is limited or minimal. He also mentioned that the compensation could be lower in newer hubspots than in the Bay area.

  This announcement from Mark Zuckerberg will serve as an example for other companies to allow and enable remote working for its employees. Some reports have suggested that remote working is as beneficial for the companies as it is for its employees and as the pandemic rages on, its after-effects still cannot be estimated. In which case, working from home becomes the perfect alternative to the traditional office structure and ensures the safety of employees, employers as well as their productivity.

#forex #forex trading #forex signals #forexeducation #cubeglobal #cubeglobalfx #forexbroker #onlinetrading

[parmindersachdeva]

A survey reveals - 70% Businesses in Dubai expect to go out of business due to COVID-19

As Coronavirus runs large throughout the world, it has made some irreversible changes in our daily lives. Every aspect of society is now tethering on an edge, some good and some bad. At the beginning of March, the world has already seen the impact of coronavirus in China and Italy and when the virus started to spread, the majority of the countries went under complete lockdowns. This affected the global economy as nothing has ever before. The IMF has predicted the worst global recession since the Great Depression of the 1930s.

 A survey conducted by the Dubai Chamber of Commerce revealed last Thursday that a whopping 70% of the businesses in Dubai expect to shut down their businesses within the coming six months. This is due to the loss in demand caused by the outbreak and the global lockdown.

 The Chamber of Commerce surveyed 1,228 CEOs from various sectors during the strictest period of lockdown in the Emirates which lasted from 16th April to 22nd April. Almost three-quarters of these businesses were small businesses with less than 20 employees. From all those surveyed, more than two-thirds responded that they estimate a moderate-to-high risk of going out of work in the next six months: 27% of these estimate that they’ll go out of business in the next month itself, and 43% said they expect to go out of business in the coming six months.

 Dubai, unlike other Gulf economies, is a non-oil dependent economy. The country’s economy is diverse and depends on various sectors like tourism, hospitality, entertainment, logistics, property and retail among others. The hotels and restaurants of Dubai are famous worlds over which drives affluent and normal people alike to the country, but almost 50% of the hotels and restaurants surveyed by the Chamber feel they’ll go out of business by the coming month. Almost 74% of the travel and tourism companies in the survey said they are expecting to close down in the next month, and 30%

companies in the transport, storage and communications are fearing a similar prediction.

 The Chamber released the results of the survey in a report titled “Impact of Covid-19 on Dubai Business Community.” It says in the report that “Full and partial city-lockdown measures are bringing demand in key markets to a standstill ... The double-shock impact is pushing economic activity down to levels not seen even during the financial crisis.”

 A spokesperson of the Chamber said on Thursday that “Dubai Chamber surveyed 1228 out of 245,000 companies in Dubai in April when the lockdown measures were in the most strict phase ... their sentiments were based on the expectation that the strictest lockdown phase would be prolonged.”

He added, on the improvement of the situation, “We anticipate that business confidence will improve significantly in the coming weeks and months as businesses return to more normal operation.”

This loss in demand has driven employers to cut salaries, putting workers on unpaid leaves, and slacking people. Dubai largely depends on the expatriate population, so if the slacking of these workers continue, the country might find it hard to recover from the economic shock.

#forextrader forextrading forexlifestyle cubeglobal cubeglobalfx forexsignals forexmarket forexeducation forexmentor forexmillionaire forexdu

[parmindersachdeva]

ਸ਼ਹੀਦਾਂ ਦੇ ਸਿਰਤਾਜ', ਪੰਚਮ ਪਾਤਸ਼ਾਹ ਸ੍ਰੀ ਗੁਰੂ ਅਰਜਨ ਦੇਵ ਜੀ ਦੇ ਸ਼ਹੀਦੀ ਦਿਵਸ ਮੌਕੇ ਗੁਰੂ ਚਰਨਾਂ 'ਚ ਮੇਰਾ ਕੋਟਾਨ-ਕੋਟ ਪ੍ਰਣਾਮ। ਸ਼ਹੀਦ ਕਾਰਵਾਂ ਦੇ ਮੀਰ, ਪੰਚਮ ਪਿਤਾ, ਗੁਰੂ ਸਾਹਿਬ ਜੀ ਨੇ ਮੁਗ਼ਲ ਹਕੂਮਤ ਦੇ ਜਬਰ ਵਿਰੁੱਧ ਤੱਤੀ ਤਵੀ ਤੇ ਬੈਠਦਿਆਂ ਸਬਰ ਦੀ ਅਣੋਖੀ ਮਿਸਾਲ ਕਾਇਮ ਕੀਤੀ।

On the occasion of the martyrdom day of the ' martyrs of the martyrs s', on the occasion of the martyrdom day of the king Sri Guru Arjun Dev ji, I bow down to the feet of the martyrs. Mir, Father of martyr caravan, guru sahib ji made an example of patience while sitting against the rape of the mughal government.

[parmindersachdeva]

May the light of the moon fall directly on you and Allah bless you with everything you desire today. Happy Eid! #forex #cubeglobal #cubeglobalfx #unitedexchange #onlinetrading #trading #forexeducation #forexsignals (at Chandigarh) https://www.instagram.com/p/CAirsPalOXd/?igshid=kds8aqm8thxp

#forex #cubeglobal #cubeglobalfx #unitedexchange #onlinetrading #trading #forexeducation #forexsignals

[parmindersachdeva]

Crisis reshapes young people’s careers:

The pandemic that has gripped the world has had devastating effects on the whole world, but this group of people is facing particularly the worst side of it. Young people who are set to enter the job market are in a tight spot, to say the least. Coronavirus is still at large and is having a devastating impact on the global economy. The International Monetary fund predicts that the world will probably face the worst recession since the Great Depression of the 1930s. The IMF has also estimated that the global economy might face a contradiction of up to 3% and recently the Asian Development Bank predicted that the global economy will face losses over $8.8 trillion.

The threat of recession doesn't bode well for anyone and there has been a continuous increase in the rate of unemployment throughout the world after the COVID-19 outbreak and the lockdowns. So, where does it leave young job-seekers? Not in the best place as according to a New York Times article “Those entering the job market in a downturn may never catch up in pay, opportunities or confidence.”

Recessions are brutal to young adults, especially if they lack a college degree. They are new to the job market — with little to no job experience and almost no seniority to shield them from layoffs. Lots of research — alongside the experience of the individuals who started in the job market in the last downturn — shows that youngsters attempting to begin their careers during an economic emergency face lasting hurdles. Their wages, opportunities and confidence in the working environment may never completely recover.

What's more, in this exceedingly worst recession in the history of mankind — the extent of which is still unknown — the example is starting furiously. From March to April, employment dropped by a quarter for workers 20 to 24 years of age, and 16 per cent for those 20 to 29. These numbers provide significant contrasts from the 12 per cent drop of labourers in their 50s. Many servicemen have likened this situation to that of wartime. Historian David Kennedy and the retired general Karl Eikenberry wrote in an article for Lawfare “It is the young — indebted students and struggling mortgagors, parents supporting families paycheck to paycheck, precarious recent graduates and anxious first-time job seekers — whose lives will be most deeply scarred”

With almost zero experience, it’s hard to land a job, especially the one you might have studied for in college. The added problem new graduates are bound to face is the repayment of their school loans, which can rake up to more than 50,000 dollars in most cases, and with tight deadlines. Young adults are probably going to be stuck in Lower employment rates. In a study done by Jesse Rothstein of the University of California, Berkeley, she found that graduates that entered the job market after the financial crisis of 2008 and the ones who found jobs by 2010 or 2011 had a lower employment rate than people at the same age who graduated before the recession hit. These graduates also earned less than their comparison group.

In another study, economics professor Lisa B. Kahn of the University of Rochester, tracked students graduating between 1979 to 1988, which included the double-dip recessions of the early 1980s. She found that people graduating during the recession were more risk-averse, stating “People that graduate into a recession don’t change jobs as often as people that graduate into booms”. Changing jobs is one of the best ways to increase one’s income.

Till von Wachter of the University of California, Los Angeles, and Hannes Schwandt of Northwestern University also followed Americans who started in the job market during the economic crisis of 1981 and 1982 and found outcomes suggesting similar pessimistic results as those of the studies previously mentioned. They found that they not only earned less in their midlife (career-peak for most) but also had fewer chances of marrying and having children. This group of people were also more likely to die young due to heart diseases, lung cancer, liver failure and drug overuse. This has been morbidly dubbed as the “deaths of despair” by Anne Case and Angus Deaton, two scholars from Princeton.

Bad news doesn’t end here as recessions also widen the chasm of inequality and minority groups will be susceptible to even less luck than their counterparts.

If authorities across the world start creating new opportunities, then it might be possible for young adults to survive the worst of this crisis.

Parminder Sachdeva

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[parmindersachdeva]

Union health minister Harsh Vardhan to head WHO executive board

Officials announced last Tuesday that Union Health Minister of India, Mr Harsh Vardhan is set to take charge as the chairman of the World Health Organization (WHO) Executive Board. The WHO is a specialised agency of the United Nations responsible for international public health and is currently fundamental in the global efforts towards the containment of the novel coronavirus outbreak. India has been a part of the WHO Constitution since 12 January 1948 and the first session of the South East Asia Regional Committee was held on October 4-5, 1948 in the office of the Indian Minister of Health which was inaugurated by Jawaharlal Nehru, the first prime minister of India.

According to the announcement, Vardhan will become the chair of the board and start his duties on 22nd May. The Health Minister’s term as the chairman of the WHO executive board will last for 3 years. Mr Harsh Vardhan will be succeeding Dr Hiroki Nakatani of Japan, who is the current Chairman of the 34-member WHO Executive Board.

India is one of the member states of the South-East Asia Region at the WHO. The South-East Asia group of WHO had unanimously decided that India would lead the executive board last year, so this announcement of the appointment was more or less a formality. The proposition to choose India's nominee one to the official board was signed by the 194-country World Health Assembly on Tuesday.

The WHO is operated by two decision-making bodies, which are the World Health Assembly and the Executive Board. The headquarters of the organization is located in Geneva of Switzerland. The director's post is held cyclically, i.e. by rotation, for one year among regional groups - African Region, Region of the Americas, South-East Asia Region, European Region, Eastern Mediterranean Region, and Western Pacific Region. It was chosen a year ago that India's candidate would be the Executive Board chairman for the first year beginning this Friday.

An official has commented that it's anything but a full-time task and India's Health Minister will simply be required to chair the Executive Board's gatherings.

The Executive Board is made out of 34 people highly qualified in the field of health and care. These individuals are assigned by one member state, which is chosen to do so by the World Health Assembly. Member States are chosen for three-year terms.

The Board generally meets two times per year and the main gathering is typically in January. In the first meeting, the agenda for the forthcoming Health Assembly is decided, and resolutions for forwarding to the Assembly are adopted. A second and much shorter gathering is held in May for administrative purposes, following the Health Assembly.

The principal functions of the Executive Board are to offer impact to the choices and strategies of the Health Assembly, to advise it and for the most part to encourage its work. Through these meetings, both the Board and the Assembly produce three kinds of documents for the following year: Resolutions and Decisions passed by the two bodies, Official Records as published in WHO Official publications, and Documents that are presented “in session” of the two bodies. These resolutions and decisions are then implemented to tackle the health problems present throughout the world.

Addressing the 73rd World Health Assembly through a video conference on Monday, Mr Vardhan had said that India was at the forefront in the battle against the COVID-19 pandemic and implemented all the necessary steps in time to do so. He had declared that the nation has done well in managing the malady and is certain of improving in the months to come.

This announcement comes at the time when India is lifting restrictions from civilian movement and there is a rising concern over the possibility of the second-wave of coronavirus hitting the country as more and more people start leaving their houses and going to their offices and workplaces. As Mr Vardhan assumes the chairman seat, more attention from WHO can be directed towards the health concerns that have been plaguing India for decades, for example, malnutrition among others. This appointment can turn out to be a great opportunity for the development of health structures of not only India but also the whole of South-East Asia, which can further improve the standard of living in Asia at large.

India is set to take control of the chairmanship of the Executive Board in the midst of developing calls, including by US President Donald Trump, to explore how the coronavirus started in China's' Wuhan city and resulting activity by Beijing to ward off the disease.

India has been involved in the South-East Asia branch of WHO for a long time. Dr Chandra Mani, an Indian, was the first Regional Director for the South East Asia branch who served between 1948-1968. The post has again been occupied by an Indian appointee currently, Dr Poonam Khetrapal Singh, who has been in office since 2014. The Chief Scientist post in WHO has also been occupied by an Indian since 2019, by Dr Soumya Swaminathan.

Parminder Sachdeva

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[parmindersachdeva]

How will the world fly now:

COVID-19 which currently affects over 4.7 million people and has claimed the lives of more than 316,000 people across the globe, is becoming one of the biggest threats mankind has ever faced. In the combat against this pandemic, the world has to change and evolve at a pace like never before. The changes which experts had predicted for the far off future are coming to life in real-time, be it in the economy, healthcare, travelling, hospitality or anything else. Now more than ever, people have become the priority of the state as well as the private sector because they can only ‘sell’ services if there are people to buy them.

One of the biggest changes has been faced by the Aviation sector. Gone are the days of hundreds of flights taking off from even the smallest of towns. As the coronavirus outbreak went on a rampage, the lockdown was imposed throughout the world without an exception - everyone was supposed to stay at home. When everyone started staying at home, around the middle of March, then no one was flying anywhere. Not to mention the authority-imposed ban on first international, and then domestic flights as well. The aviation industry has suffered a lot during the pandemic with the International Air Transport Association estimating that the global industry will lose $252 billion in 2020. So, it’s without a doubt that as soon as the restrictions are lifted, the aviation industry will be hard at work in making up those losses.

It goes without saying but flying won’t be the same as before. The COVID-19 outbreak has pushed the safety of people, passengers as well as the crew and the airport staff, at the forefront. If the safety of all people involved in flying a plane isn’t guaranteed, it’s understood that no passenger will be willing to come back to flying for travelling.

One of the most important steps that airlines are planning to take to ensure the safety of everyone is mandatory regulatory temperature screening for the flying crew. Temperature screenings of passengers as they come for check-in will also be regulated. It would also be normal for flights to fly with marginally fewer passengers on board rather than the previous ‘jam-packed’ flights. In the previous ‘normal’, airlines have used every tool possible to jam people on flights beyond what’s comfortable or reasonable, but now the pandemic has shone a light on the almost ‘in-human’ experience of flying that passengers were forced to endure. So, in a way, at least for the foreseeable future, passengers may find a better flying experience than ever before.

Airlines are also planning to introduce some other measures to keep passengers and the crew safe. One of which is that there might be no food or beverage services available in the flight. This type of measure can work for short flights but it is understood that this option will not be viable for longer flights. A similar step has been taken for passengers travelling business class as well. Self-serving buffets were the trend for the business class lounges but now passengers in business class will be served packaged snacks and beverages as this will ensure no-contact services for the passengers. In another effort to ensure ‘no-contact’ measures in the flight, magazines and other leisure reading material will no longer be found in the seat-pockets of the flights but passengers will be sure to find the airlines’ COVID-19 guidelines.

As the Wall Street Journal reports, airlines will possibly also introduce thermal scanning to discern people with raised body temperatures. It is but obvious that passengers and the crew will obligatorily be required to wear face masks from check-in in the airports until they walk out of their ‘arrival’ destination airports.

Airlines will need to take all these precautions and more to be fully operational in the coming months as the economy opens up but passengers, too, need to shoulder responsibility for their safety as well as the safety of others. This would include maintaining social distance, being prepared for longer than usual journeys, even for short travels, and precaution measures they haven’t ever been subjected to before.

Change is fundamental if the world wants to keep on moving forward, some of which may be unpleasant to most of us but some of these changes, like extra seating space, will be more than welcome by the passengers, and one that should stay for a long time.

Parminder Sachdeva

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[parmindersachdeva]

A long Recession is on the map, says WEF but fear not, positive changes are on the map too

The world has been changed forever by the onslaught of COVID-19 on the planet. With over 4.7 million affected by the disease and which has caused the death of more than 316, 000 people across the world, this pandemic has presented humanity with a problem it has never faced before. It has been more than 4 months now since the first case of CoronaVirus was reported in China but even with all the technological and scientific advancements of medical science, there still hasn’t been a cure found for this disease. The only way to stay safe from getting infected is by isolation and maintaining social distance. The authorities all over the world, keeping this in mind, imposed national lockdowns which are still in place in the majority of the countries.

These lockdowns also amounted to stoppage in most, if not all, economic activities. As expected, this has caused huge slumps in economies all across the world, and the global economy, which is already facing major losses, is expected to face continued damages. According to the International Monetary Fund, the world is supposed to face the worst recession ever since the Great Depression of the 1930s. The global economy is estimated to incur over $8.8 trillion in losses due to the pandemic, says Asian Development Bank.

The World Economic Forum recently surveyed 350 top risk experts of the world and found that “A prolonged global recession tops the list of most feared risks, closely followed by bankruptcy, industry consolidation, failure of industries to recover and a disruption of supply chains.” The survey found some pessimistic numbers as well. According to WEF, 500m people are at the risk of poverty, 3% anticipated drop in world output, 34% adults are feeling a decline in mental health during the lockdown and 1% increase in unemployment results in 2% increase in chronic illness.

The stats don’t look good but as the WEF reports “The world is on a precipice, but decisive and bold action could bring it back from the brink.” CoronaVirus has illuminated that the way society has been functioning for the past few decades, or more, isn’t the way to be. All challenges presented by this pandemic and the intrinsic issues of society that have been brought forward should only be looked at as opportunities.

For essential public services, most notably Health, there is an increased degree of understanding about the importance of these services. This is also true for other essential services like Education, Care and Social Safety nets. There is also a widespread behavioural change caused by the extensive lockdown- more than ever before people are serious in regarding the sustainability of the world’s consumption habits as well as the ‘old normal’ structure of mobility and its necessity. Debates over topics such as these can bring about a fundamental positive change in how humans interact with nature, and the extent of misuse, perhaps, will also be controlled and minimized.

The focus of the world, which was stuck on the ‘progress’ narrative has been shifted to something more organic and basic - ‘well being’. The well-being of people, companies, economies and nature as well is now the priority of the world. When the well being is prioritized over the ‘progress’ narrative, it can bring a natural and more beneficial growth for everyone.

Reports such as one presented by WEF shouldn’t be seen as something fearful but rather with optimism. They present numbers and risks but not forecasts. As the WEF says “It’s time to read these reports and better understand the risks, without which it is difficult – perhaps impossible – to make the right choices.”

Parminder Sachdeva

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[parmindersachdeva]

Pandemic strikes hard at Insurers

The coronavirus which is currently affecting more than 4.3 million people across the world, and which has caused the death of over 300,000 people, has altered the way of life on earth for now and forever. The pandemic which doesn’t seem to be slowing down has caused a global lockdown, a one-a-kind event in history, for the last two months. Economic activities throughout the world are all but at a standstill. The global economy has never faced a worse time in history and the expected recession is supposed to be even more deplorable than the Great Depression of the 1930s. Asian Development Bank has predicted that the global economy could face losses of up to $8.8 trillion.

It goes without saying that this economic slump is having a major adverse effect on industries. One of the worst-hit industries is the Insurer's sector. According to a report by Bloomberg with the Lloyd’s of London, the company has estimated that the industry will face a loss of $203 billion or possibly more due to the COVID-19 outbreak this year. Lloyd’s of London is the world’s largest insurance exchange.

In a statement, the company has said that these projected losses will come majorly from the underwriting claims, the value of which is estimated at $107 billion, while the rest will comprise losses from insurers’ investment portfolios. According to the company’s data, these claims costs would almost be equal to some of the most catastrophic hurricanes in previous years and would possibly rise further if the spread of the disease isn’t contained.

The company said, “Once the scale and complexity of the social and economic impact of Covid-19 is fully understood, the overall cost to the global insurance non-life industry is likely to be far in excess of those historical events.”

The coronavirus pandemic has put forth many challenges to the world and the authorities, and the insurer’s sector is not spared either. In fact, the outbreak has presented the industry with the hardest challenges it has ever faced. While setting off a downpour of claims identified with dropped events, business interference and different costs, the disease has set off a global recession that has put the instalment of numerous family unit and business insurance premiums in a risky predicament.

Major European Insurers have withdrawn earnings guidance and have suspended dividends as the global economy as well as the national economies came under lockdown. Lloyd’s of London has estimated that they will payout claims to global customers in the range of $3 billion to $4.3 billion, which is a similar scale as to the September 11 attacks of 2001. Zurich Insurance Group, which serves customers in over 215 countries and territories across the globe, may have to pay claims worth over $750 million this year due to the adverse effects of Coronavirus.

The negative effects of Coronavirus on the industry is multi-faceted. According to the Chairman- Bruce Carnegie-Brown, “The thing that is special about this, is it is impairing the asset values as well as creating liabilities”.

The Chief Executive Officer of Lloyd’s, John Neal, has suggested that the industry needs a new model of payouts as there might be a second or a third-wave outbreak of the disease. A new model of payouts is also necessary for the uncertain long-term future created by the outbreak. The company has also suggested a pandemic cover which will last well over two decades, or more if required. Neal has stated that “An insurer would need to have a long term cover to have confidence [that] over time there would be some financial sense in providing the cover”.

As the world continues fighting the pandemic, the insurers' sector comprises a major part of the fight. Especially for common folks who rely on insurance to get by their medical bills as well as monthly bills in many cases

Parminder Sachdeva

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