Country Financial News

Japan’s industry minister has chided the president of the utility that runs the Fukushima nuclear plant for a radioactive water leak earlier this month

Spain's prime minister has visited Morocco as the two nations reckon with a spike in migration to the Canary Islands and a Europe-wide debate and protests about agricultural regulations and imports

Hundreds of farmers have driven their tractors into central Madrid as part of ongoing protests against European Union and local farming policies

European Union countries have agreed on a new package of sanctions against Russia

The Supreme Court’s conservative majority appears skeptical of the federal government’s argument that the Environmental Protection Agency should be allowed to continue enforcing its anti-air-pollution rule in 11 states

Somalia has announced a defense deal with Turkey that includes support for the Horn of Africa nation’s sea assets and appears aimed at deterring Ethiopia’s efforts to secure access to the sea by way of the breakaway region of Somaliland

A government watchdog that wants everyone with a 401(k) plan to be able to see information on all their accounts in one place this week asked Congress to legislate a nationwide dashboard.

By Daniel Wiessner

Young, aspiring Indians are among customers driving volumes at Italian supercar maker Lamborghini, which posted record sales last year, global chief executive Stephan Winkelmann told ET. Its signature, wedge-shaped sports car is one of the fastest production vehicles available to the seriously wealthy and the marque is seeing demand not only from buyers in the country, but also Indians in the US, Europe and Southeast Asia, where they have second homes, he said. Winkelmann, on his first visit to the country in 10 years, said the improvement in India's infrastructure has «surprised» him. He's also excited that women are increasingly gravitating toward the brand, even in India. The consumer mood in the country is buoyant and if the tax regime continues to remain stable, opportunities to expand sales are robust, he said. «There have been a lot of changes and in terms of infrastructure — this is striking immediately. And for sure, also in our type of business now; the car industry has exploded,» he said. «We think that everybody is in the right place to do business and we have grown as Lamborghini, which is very positive… I think we're very well-positioned.»

India has opposed the European Union's bid to push new issues such as carbon taxes, industrial subsidies, women and climate at the upcoming ministerial meeting of the World Trade Organization (WTO) in the garb of "deliberative functions" or «conversation with ministers» that seek to reform the body. Officials said the EU wants an open-ended work programme for such issues while developing countries are against them being discussed among ministers as they don't have a negotiating mandate from the global trade body. Deliberation sessions have been planned for the first time at the 13th ministerial conference of the WTO for ministers to discuss various issues.

(Reuters) — A court in Montenegro on Wednesday ruled that crypto entrepreneur and Terraforms Labs co-founder Do Kwon should be extradited to the United States, rather than to his home country South Korea, to stand trial on fraud charges, the Wall Street Journal reported.

India is poised to overtake China as the largest member of the World Trade Centers Association (WTCA) in the next five years, its chairman said, underscoring a hitherto circumspect New Delhi's rapid global strides that neatly dovetail into a China-plus-one corporate sourcing strategy aimed at derisking supply chains across the planet. «I would say, particularly in the past 10 years, India's presence on the global stage has become increasingly pronounced,» said John E. Drew, Chairman of the WTCA, an international trade platform that connects more than 300 WTCs in nearly 100 countries. «While India's growth trajectory has been ongoing, its recognition and active participation in major economic discussions alongside China, the US, Russia, and the EU signify its emergence as a significant player in the global economy,» he said. Currently, India has about 40 WTC licensees covering more than 30 cities. According to the real estate developer, a large number of Indian entrepreneurs establishing successful companies in the US, particularly in tech hubs like California and Massachusetts, further strengthened India's influence in global business. «I expect this trend to continue, paralleling the trajectory seen with Chinese entrepreneurship,» he said.

India will allow foreign airlines to operate non-scheduled cargo flights from all international airports in the country for three years, lifting 2020 curbs that had restricted them to six — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that allowed unhindered movement by foreign airlines, the government amended it in 2020 to give Indian carriers a boost. However, exporters have been protesting that goods capacity had shrunk as Indian carriers failed to deploy enough aircraft to meet demand.

Investing in public education systems is crucial for countries seeking to leverage their demographic dividend. South Korea’s economic development, often called the ‘Miracle on the Han River,’ exemplifies the impact of strategic educational investments. During its rapid industrialization, the emphasis on education significantly improved literacy rates and provided the necessary skills for industrial and technological sectors.

₹4,100 crore for the next five years from 2021-22 to 2025-26 (15th Finance Commission period). Under the Flood Management Programme an outlay of Rs.

Millennials are now the dominant generation in the country, Statistics Canada says.

click here Rahul Gandhi accused Prime Minister Narendra Modi of discriminating against Dalits, and other backward classes. The former Congress president and Wayanad MP Rahul Gandhi took a Ram Rajya jibe and said the Centre has failed to generate enough employment opportunities for the downtrodden constituting "90 per cent of the population," in the country. For full story click here Congress Uttar Pradesh in-charge Avinash Pande announced on Wednesday that the party will contest on 17 of the 80 Lok Sabha seats in Uttar Pradesh.

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

By Jamie McGeever

Myntra has appointed Venu Nair as its new chief of strategic partnerships and omnichannel. Nair joins Myntra from offline shopping chain Shoppers Stop, where he was the managing director and chief executive officer for about three years. At Myntra, he will be responsible for the international brands portfolio, and for “building strategic partnerships with leading global brands,” the firm said in a statement. Nair will also be managing omnichannel strategy for brands at Myntra.

dedicate to the nation two new Pressurised Heavy Water Reactors (PHWRs) with a cumulative capacity of 1,400 megawatt at Kakrapar Atomic Power Station (KAPS) in Surat district and inaugurate or lay the foundation stone of multiple projects during his day-long visit to Gujarat on Thursday, officials said on Wednesday. The new Unit 3 and Unit 4 at KAPS, each having capacity to produce 700 MW of electricity, were built by the Nuclear Power Corporation of India Ltd (NPCIL) at a cost of over Rs 22,500 crore and they are the largest indigenous PHWRs in the country, said a PIB release. «They are first of its kind reactors and have advanced safety features comparable with the best in the world. Together, these two reactors will produce about 10.4 billion units of clean electricity per year and benefit consumers of multiple states like Gujarat, Maharashtra, MP, Chhattisgarh, Goa and Union Territory of Dadra and Nagar Haveli and Daman and Diu,» the release said.