Country Financial News

German Chancellor Olaf Scholz has met with Nigerian President Bola Tinubu as part of a West Africa tour as the European country looks to diversify its trade partners and expand economic partnerships in the energy-rich region

The European Commission’s top official says a decade-long investment package for Western Balkan countries that are seeking to join the bloc could vastly improve the region's economy

Sources say Jeep maker Stellantis reached a tentative contract agreement.

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

Amazon Freevee's November 2023 schedule offers a variety of content for viewers. It includes various movies and TV shows, providing entertainment for various tastes.

Nokia sees demand for equipment to be substantial in 2024-25, a senior company official said. The proliferation of fixed wireless access network will usher the Indian telecom sector into the second phase of 5G network deployment, Nokia India head of mobile networks business Tarun Chhabra said at the India Mobile Congress. «India's requirement is still going to be substantial in 2024-25, then our factories will be fully loaded with India plus some exports,» Chhabra said. Nokia has recorded multi-fold growth in its telecom gear business in India on account of rapid 5G network deployment. In the third quarter financial report, Nokia CEO Pekka Lundmark said the business continued to benefit from 5G deployments in India, where net sales more than doubled year-on-year, but sales volume moderated significantly on a sequential basis as the pace of deployment has started to normalise. Chhabra said Nokia will increase exports from India if demand tapers, but he expects the growth momentum in the country to continue. «Fixed wireless Access (FWA) is one big thing that can actually require a lot of data thrusting and then operators will have to actually deploy more networks.

Melanie Joly warned Monday.And for Canada, the stakes are high.That warning comes from prepared remarks set to be delivered by Joly on Canada’s place in an uncertain world at the Economic Club of Canada. She is set to make the speech at 12:40 eastern, and Global News will livestream it at the top of this page.“Our world is marked by geopolitical turbulence, unpredictability and uncertainty.

NEW DELHI : Indian telecom equipment makers have asked the government to provide incentives for increasing value addition in manufacturing to reduce their dependence on imports, even as some companies have begun making fixed wireless access equipment that will be in high demand in India and other global markets. In a meeting with senior ministry officials last week, companies making equipment in India suggested providing direct financial incentives to reduce dependence on imports, two people aware of the development said. “There are companies already making telecom equipment here, for instance, players like HFCL and Tejas Networks, among others.

China's top electric carmaker BYD announced a record quarterly profit Monday, underscoring the firm's growing dominance in a high-tech sector that is fiercely contested by both domestic and foreign competitors. The Shenzhen-based firm posted a profit of 10.4 billion yuan ($1.42 billion) for the July-September period, its highest-ever earnings during a single quarter and up 82 percent on-year, a statement to the Hong Kong Stock Exchange showed. The figure was in line with BYD's previous forecast of between 9.55 billion yuan and 11.55 billion yuan in quarterly earnings. BYD's cumulative net profit for January-September reached 21.4 billion yuan, more than doubling on-year and surpassing last year's total annual earnings of 16.6 billion yuan. Electric vehicle demand has soared in recent years in China, which is the world's biggest producer of greenhouse gases in absolute terms. BYD, whose investors include US investment titan Warren Buffet, wants its sales to be dominated by electric and hybrid vehicles by 2035. Earlier this year, BYD became the first global manufacturer to pass the five million milestone in electric vehicle production, crowning itself «the world's leading manufacturer of new energy vehicles and power batteries». Originally specialising in the design and manufacture of batteries, the company diversified into the automotive sector in 2003. Many foreign automotive leaders — including Tesla, BMW, Mercedes and Audi — depend on BYD for their batteries. China's electric vehicle sector has benefited from decades of subsidies issued by Beijing in related technological fields. The growing success of Chinese electric car firms in foreign markets has also drawn scrutiny.

WTO members to reform the dispute settlement body of the World Trade Organisation, as the present informal deliberations are creating hindrance for several nations to participate in the talks, an official said. The official added that formal talks on the subject can help in arriving at some kind of consensus by the 13th ministerial conference (MC), the highest decision making body of the WTO, in Abu Dhabi in February next year. The issue came up for discussion during a recent meeting of senior officials of WTO members in Geneva last week.

Matthew Perry, renowned for his portrayal of Chandler Bing in the beloved series «Friends,» tragically passed away. While initial reports suggested a possible drowning, the official cause of death remains a mystery, as coroners await the results of extensive toxicology tests. The circumstances surrounding his passing and the reactions of his loved ones and colleagues have left many with heavy hearts.

When you move from a small town to a big city, your income generally shoots up. And so do your expenses! The scenario undergoes a sea change when you travel across the ocean. Not only one has to adjust to a new lifestyle and way of life, but also the changes relating to a new currency, its impact on purchasing power parity and much more.

manufacturing hub, said officials. The Niti Aayog is undertaking an exercise to identify these sectors and their export potential and recommend strategies accordingly, they said. The government will tweak policies and provide infrastructure support to help these sectors become global champions in manufacturing.

Thailand’s second-largest bank, signaling bullish fervor for blockchain after buying out one of the region’s local crypto exchanges through one of its subsidiaries.

By Nelson Bocanegra

APA Group has joined with France’s EDF to bid to construct NSW’s second renewable energy zone in an attempt to capture a share of the $50 billion opportunity involved with connecting wind and solar farms to the grid.

₹2 crore from high-net-worth individuals (HNIs) by being the first NGO to list on India’s Social Stock Exchange (SSE). The NGO will look at zero coupon bonds to attract investment from foundations and HNIs tilting towards social impact causes. “The HNI community have said that this listing should happen in India.

By Siddharth Cavale

Mumbai: As per the International Monetary Fund’s World Economic Outlook released in early October, China is expected to grow by 5% in 2023. This growth forecast is in constant terms adjusted for inflation and in the Chinese currency yuan. A growth of 5% in 2023 is better than growth of 2.2% in 2020 and 3% in 2022.

New Delhi: The country's coal production has picked up momentum in the last 15 days after unprecedented rains in early October in coal producing states, the government said on Monday. Total production of coal from all sources during the last 15 days is over 26.40 lakh tonnes per day.

₹1 lakh per year, will grow faster than its upper end. The middle class currently represents 31% of India’s population and is expected to reach 40% by 2031. The room for growth is huge, given the big gap in average income between India and developed countries and India’s large youth bulge in a rapidly ageing world.