Government recognizes importance of being competitive, intends to seize business opportunities | 2024-01-12 15:13:00

Tata Power and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out over 500 electric vehicle (EV) charging points at the oil marketing company's

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

Washington DC [US], December 23 (ANI): The US financial markets regulator announced awards of more than USD 28 million combined to seven individuals whose information and assistance led to a successful enforcement action. Each of the claimants provided information that significantly contributed to an investigation, the Securities and Exchange Commission (SEC) said in a statement. […]

Block 840,000, the fourth ever Bitcoin halving block, has been confirmed — though it could possibly change.

Apple and its suppliers aim to build more than 50 million iPhones in India each year, within the next two-to-three years, with additional tens of millions of units planned thereafter, the Wall Street Journal reported on Thursday citing people involved.

Cryptocurrency mining in the US is nothing new, having been around for about 10 years, but since 2021 the size of the industry has ballooned so much...

Proton is looking to greatly increase its production volume to 500,000 units, of which 50% are destined for export markets. This was revealed by Proton CEO Dr Li Chunrong during a press conference at the […]

If you’ve been eyeing a particular BMW or MINI model, you have about a month to get it before it gets a bit more expensive. That’s because BMW Group Malaysia has just announced that it […]

The DWP has announced that Local Housing Allowance rates will change for 2024, taking effect from April 1.

Unicorn Kingdom prime minister fails to provide £300 million of magic software beans promised

UK households have been issued analogue advice by the deputy Prime Minister alongside measures to better prepare UK for future pandemics, disasters and cyber-attacks.

The Central Bank of Myanmar (CBM) announced that it sold US$14 million and 250 million Thai baht in the foreign currency market within two days. The CBM sold US$9 million and 200 million Thai baht in the foreign currency market on January 25. On January 26, it sold US$5 million and 50 million baht more.

PARIS: Taiwan's Eva Airways Corp has finalised an order for 33 Airbus aircraft, the French plane maker said on Tuesday (Jan 9), with the airline previously indicating the deal was worth up to US$10.1 billion. The deal, originally announced in November last year, included 18 long-range A350-1000 and 15 sing

McDonald's announced an aggressive expansion roadmap Wednesday to reach 50,000 restaurants worldwide by 2027.

Ottawa plans to spend $2.49 billion to acquire 11 remotely piloted drones to help the Royal Canadian Air Force conduct long-distance surveillance, federal officials announced Tuesday.

Russia Central Bank Reserves $ up to $592.9B from previous $587.5B

SHANGHAI :Electric vehicle maker Nio has signed a pact for an investment of $2.2 billion from CYVN Holdings, an investment vehicle based in Abu Dhabi, the Chinese company said on Monday.The investment comes as Nio, with its EV sales and profitability under pressure in a price war started by Tesla, has sought

Health Canada says it is working with manufacturers to make diabetes drugs, including Ozempic, more available during a worldwide shortage fuelled by high demand that's expected to last into the new year.

:Artificial intelligence (AI) startup Anthropic is in discussions to raise $750 million in a funding round led by Menlo Ventures, a source with direct knowledge of the matter told Reuters on Wednesday.The startup's valuation before the funding round comes to $18.4 billion, the source added.Anthropic, c

The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use of crypto in the country, according to local media reports. Central Bank Governor Eli Remolona Jr. announced the plan on Feb. 12 and said the regulator […]

McDonald's announced an aggressive expansion roadmap Wednesday to reach 50,000 restaurants worldwide by 2027, in the fastest growth plan in brand history. The company is planning about $2.5 billion in capital expenditures in 2024 and will add $300 million to $500 million each year thereafter through 2027.

The Competition and Markets Authority also said it will review loyalty schemes like Tesco’s Clubcard and Sainsbury’s Nectar.

Meta CEO Mark Zuckerberg stands to gain $700 million annually from the company's new quarterly dividend, announced alongside strong Q4 earnings.

The supermarket said that staff at a Widnes contact centre, at some in-store bakeries and in some of its fulfilment centres will be impacted.

After 2024, McDonald’s is targeting systemwide sales growth of 2.5% in constant currency.

The pact also provides for Italy to take in 5,000 non-seasonal Indian workers and 3,000 seasonal Indian workers in 2023.

The Japanese Yen is still the worst-performing G10 currency so far this year.

Amid regulatory challenges, crypto leaders funnel millions into political support for a pro-tech future.

WASHINGTON : The U.S. Federal Communications Commission on Tuesday reaffirmed its 2022 decision to deny SpaceX satellite internet unit Starlink $885.5 million in rural broadband subsidies.The FCC said the decision impacting Elon Musk's space company was based on Starlink's failure to meet basic program re

Analyst at Sequoia Capital, David Cahn, noted last September that there was a very significant gap between the revenue expectations implied by the AI infrastructure build-out and...

E-hailing firm, Bolt, has awarded 10 of its drivers with €20,000 seed fund and access to a six-week business mentorship programme. This was done at the ground-breaking Bolt Den initiative of the Bolt Accelerator Programme in Lagos.

The U.S. Department of Justice (DoJ) is recovering $2.3 million worth of cryptocurrency linked to a "pig butchering" fraud scheme that victimized at least 37 people across the United States.

Sources familiar with the matter told Bloomberg that the deal is not yet finalized but could be wrapped up and announced as soon as next week. Based...

The DWP says around 1.6 million Britons look set to receive a significant increase in housing support in April.

Two derelict bungalows in Wales, UK, initially valued at 65 cents each were bought for $51,000. Their mountain-perched location and potential for

We analysed Canal+’s creeping takeover of MultiChoice to estimate how much it would have spent in total to acquire the company if its bid is successful.

In 2019, P&G took an $8 billion charge on the unit due to currency fluctuations.

The share scheme has over 75 000 black shareholders.

WASHINGTON : The U.S. Commerce Department said Monday it plans to award $35 million to BAE Systems to quadruple production in New Hampshire for key semiconductor chips used in F-35 fighter jets and commercial satellites.The announcement is the first from the $52.7 billion "Chips for America" semiconductor

McDonald's announced an aggressive expansion roadmap Wednesday to reach 50,000 restaurants worldwide by 2027, in the fastest growth plan in brand history. The company is planning about $2.5 billion in capital expenditures in 2024 and will add $300 million to $500 million each year thereafter through 2027.

Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. “Just to reiterate: Tesla will spend well over $500 million expanding our Supercharger network to create thousands of new…

Environment Secretary Steve Barclay yesterday announced increases in rewards for farming that helps the environment.

Montana will conclude its distribution of an income tax rebate of up to $2,500 to eligible residents by the end of the month.

The payment is called the Winter Heating Payment and is paid to people claiming certain DWP benefits each winter to help with higher energy costs

9% of workforce getting boot after execs hired too many during pandemic

BENGALURU : Japan's SoftBank is seeking to sell a 1.1 per cent stake in the Indian food delivery platform Zomato through a block deal worth 11.28 billion rupees ($135.36 million), CNBC-TV18 reported on Thursday, citing sources.The floor price for Zomato's shares is set at 120.50 rupees apiece, the report

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates. In December, ADP noted that service-providing industries added 155,000 jobs, while goods producing sectors added 9,000 roles.

A little more than three years have passed since the construction of the central hub of "Rail Baltica" in Riga began, making a major impact on the city landscape. Both the client and the con...