Month: November 2022

World Vegan Day 2022 is today: All you need to know

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

World Vegan Day is celebrated every year on November 1 to encourage people to follow the vegan lifestyle and spread awareness about veganism. As per the Vegan Society, the vegan lifestyle benefits health, protects the well-being of animals, helps reduce emissions and protects the environment.

The history of World Vegan Day

World Vegan Day originated in England in 1994, when vegan animal rights activist Louise Wallis established the day to celebrate the 50^th anniversary of the Vegan Society. As the President of the Vegan Society, she emphasised the continued existence of a vegan association and draw attention to the fact that the word ‘vegan’ had found its way into the English language that year.

Since then, November 1, 1994, has been celebrated as the World Vegan Day providing an opportunity for all vegans around the world to celebrate and promote veganism with all its positive aspects.

ALSO READ: World Animal Day 2022 — a reminder to be kind to our fellow beings

Significance

Veganism is said to have existed for more than 2000 years. Prominent figures like Pythagoras, the famed Greek mathematician, and philosopher believed in veganism which commits to not harming animals ever.

A vegan diet includes the consumption of foods and products which are sourced from plants that do not harm animals. A vegan diet has several health benefits for humans and the environment as well. World Vegan Day is observed to raise awareness and promote the health advantages of a vegan diet.

World Vegan Day is observed throughout with small-scale carnivals, culinary festivals, and public gatherings.

Theme

This year, the Vegan Society is promoting Future Normal, the society’s animal rights campaign that encourages non-animal lovers who are not yet vegan to switch by making a connection between the farmed animals they eat and the companion animals they love and care for. The theme hopes to inspire people to care for all animals alike and stop them from eating animal products.

ALSO READ: World Savings Day: Importance of savings and key tips to grow your money

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Wall Street falls, bond yields rise as focus shifts to US Federal Reserve and rate outlook

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

A global stock index fell, and US Treasury yields edged up on Monday as investors prepared for the US Federal Reserve to stick with its aggressive approach to raising interest rates this week. The dollar advanced across the board.

Even though they declined for the day, major US stock indexes posted strong gains for October, with the Dow’s percentage gain in October being its strongest for any month since 1976. The Dow jumped about 14 percent for the month.

The Fed, which begins its two-day meeting Tuesday, is expected to deliver a fourth straight 75-basis-point rate hike on Wednesday in its attempt to tame inflation. Investors will also focus on the communication of the outlook.

Some investors have been entertaining the idea the Fed could pause its rate hikes or at least shift to a less aggressive hiking campaign, and those views have helped support stocks recently. Others see little evidence to support that view.

“The bond market has continued to doubt that the Fed is ready to either slow interest rate increases or actually move to the sidelines,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, adding that markets had gotten ahead of themselves.

Investors are expecting another 75 basis-point rate hike by the Bank of England later this week as well.

Investors also were digesting data released Monday that showed eurozone inflation came in hotter than expected and also, separately, data that showed China’s factory activity unexpectedly fell in October.

The Dow Jones Industrial Average fell 128.85 points, or 0.39 percent, to 32,732.95, the S&P 500 lost 29.08 points, or 0.75 percent, to 3,871.98 and the Nasdaq Composite dropped 114.31 points, or 1.03 percent, to 10,988.15.

Quarterly results from S&P 500 tech and growth companies have so far been mixed this earnings season, adding to recent volatility in US stocks.

The pan-European STOXX 600 index rose 0.35 percent and MSCI’s gauge of stocks across the globe shed 0.44 percent.

The yield on two-year notes, which typically moves in step with rate expectations, was up 8.1 basis points at 4.50 percent while the 10-year yield rose 7.1 basis points to 4.08 percent.

US wheat futures jumped, hitting a two-week high, and corn rose more than 1 percent as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Benchmark CBOT wheat futures hit a record high of $13.63-1/2 a bushel in March.

Grains Report

In currencies, the dollar rose 0.8 percent against the struggling yen to 148.62 yen. For the month of October, the dollar was up 2.7 percent, on track to post its third monthly gain versus the Japanese currency.

On Monday, Japan’s finance ministry said it spent a record $42.8 billion on currency intervention this month to prop up the yen.

The euro dropped 0.8 percent against the dollar to $0.98. Elsewhere, the Chinese yuan slumped after data released on Monday showed China’s factory activity unexpectedly fell in October.

The dollar was last 0.9 percent higher against the yuan traded offshore at 7.33.

Brazil’s currency and main stock index rallied Monday, a day after leftist Luiz Inacio Lula da Silva won the country’s presidential election.

The Brazilian real gained more than 2 percent against the dollar after having fallen 2 percent overnight. The Bovespa stock index sank 2 percent at the opening and ended the session up 1.3 percent.

In the energy market, oil prices fell as investors expected US production could increase. Brent crude futures dropped 94 cents, or 0.98 percent, to $94.83 a barrel. US West Texas Intermediate crude fell $1.37 to $86.53 a barrel, a 1.6 percent loss.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow