Tag: Business and Economy

Top India court halt’s tycoon Mukesh Ambani’s retail deal: | Incredible Solutions Tech

The verdict is a win for Amazon which says Future Group’s sale to Ambani’s Reliance Industries violates its contract. India’s Supreme Court has barred a final ruling by a tribunal reviewing Future Group’s $3.4bn sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc,...

South Korea agrees to partial release of blocked Iranian money | Incredible Solutions Tech

South Korea’s move comes after the US reversed two Trump-era moves against Iran. Tehran, Iran – South Korea has agreed to release “a part” of billions of dollars of Iranian money it had blocked in its banks for years because of United States sanctions. In a statement, the Central...

China’s ‘No 1 document’: Beijing steps up focus on food | Incredible Solutions Tech

China points to ‘instability of the external situation’ in latest rural policy blueprint, urges boost in domestic seed supplies. China will put greater pressure on its regions to boost grain yields and step up support for its domestic seed industry as it strengthens its focus on food security after...

UAE unveils $1.36bn in arms deals at Abu Dhabi weapons show | | Incredible Solutions Tech

Major arms makers are attending a weapons show in Abu Dhabi, capital of the United Arab Emirates, hoping to seal deals with militaries across the Middle East. At the opening, the UAE revealed that it had signed $1.36bn in local and foreign arms deals to supply its forces with...

US sanctions inflicted $1 trillion damage on Iran’s economy: | Incredible Solutions Tech

Tehran, Iran – Unilateral sanctions imposed by the United States inflicted $1 trillion worth of damage on Iran’s economy and Tehran expects compensation, its foreign minister said. Mohammad Javad Zarif said on Sunday after the US takes action to restore Iran’s 2015 nuclear deal with world powers through lifting...

How rich is Russia’s President Vladimir Putin? | Incredible Solutions Tech

After revelations of a $1.3bn Black Sea palace, there are questions over the president’s wealth. Source link...

Arancha Gonzalez Laya: Are Spanish arms fuelling war in Yemen? | Incredible Solutions Tech

Spain’s foreign minister discusses her country's business opportunities and responds to questions on foreign policy. Source link...

Fed pledges continued support for US economy amid pandemic | Incredible Solutions Tech

Monetary policy will continue to provide ‘powerful support’ to the economy, the United States’ central bank told Congress on Friday. Federal Reserve actions will continue to bolster the U.S. economy as it battles the Covid-19 pandemic, the central bank said Friday in its twice-yearly update to Congress. “Monetary policy...

Soaring high: Bitcoin hits record $53,750, $1 trillion market | Incredible Solutions Tech

The world’s top cryptocurrency has surged 60 percent this month alone, fuelled in part by mainstream investors like Tesla. Bitcoin hit yet another record high on Friday, achieving a market capitalisation of $1 trillion and blithely shrugging off analysts’ warnings that it is an “economic sideshow” and a poor...

Mars landing, Kitty goes to Washington and auctioning digital | Incredible Solutions Tech

It’s been a week of wild weather for regions across the globe — from snow in Jerusalem to a deep freeze in Texas. After you dry your socks off and shake the snow out of your hair, pour yourself a cup of hot chocolate and dig into the biggest...

Indoor farming gains ground amid pandemic, climate challenges | Incredible Solutions Tech

Investors used to brush off Amin Jadavji’s pitch to buy Elevate Farms’ vertical growing technology and produce stacks of leafy greens indoors with artificial light. “They would say, ‘This is great, but it sounds like a science experiment,’” said Jadavji, CEO of Toronto, Canada-based Elevate. Now, indoor farms are...

US home construction starts falling for first time since | Incredible Solutions Tech

Construction of new homes in the United States still remains above pre-pandemic levels thanks to record-low interest rates and a surge in demand from Americans seeking more space while stuck at home. U.S. home-construction starts fell in January for the first time in five months, signaling that rising residential...

US gender pay gap persists even in top roles, study finds | | Incredible Solutions Tech

The highest-paid women earned 84.6 cents for every dollar earned by men in 2019, up from 81.5 cents in 2015, shows data from major US companies analysed by Morningstar Inc in a new paper. Even women who make it to the top ranks of United States corporations face a...

Biden to push COVID stimulus bill at Wisconsin town hall event | Incredible Solutions Tech

Biden will hold town hall in Wisconsin on Tuesday to build support for bill, which faces opposition from Republicans. United States President Joe Biden will press his case for a $1.9 trillion COVID-19 pandemic relief bill during an event on Tuesday in the US state of Wisconsin, which has...

$900m gaffe: US judge says Citigroup can’t recoup Revlon | Incredible Solutions Tech

A United States federal judge ruled that the bank is not entitled to the $893m it wired to Revlon’s lenders by mistake. A United States federal judge on Tuesday said banking giant Citigroup Inc is not entitled to recoup hundreds of millions of dollars of its own money that...