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☆ Adani blasts ‘Soros-funded interests’ after media raise new questions about business empire
▼ + stars: | 2023-09-01 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

The documents were unearthed by the non-profit Organized Crime and Corruption Reporting Project (OCCRP), which counts billionaire George Soros’ Open Society Foundations among its financial backers, and its research was shared with media including The Guardian and the Financial Times. It is also backed by the US State Department, the UK Foreign Office and the Ford Foundation. The Financial Times said people familiar with the structures had claimed “parallel sets of books and a Russian doll of companies and funds” at the investment firm were used to mask the trades. When Hindenburg published its report in late January, it pitched 88 questions to Adani that cast doubt on his conglomerate’s financial health. Speaking to reporters in Mumbai on Thursday, Rahul Gandhi, a prominent lawmaker from India’s main opposition Congress party, urged Modi to investigate the allegations put forward by the Financial Times and The Guardian and criticized his silence on the matter.

Persons: Gautam, “ Soros, George Soros, OCCRP, Narendra Modi, Adani, “, OCCRP’s, Drew Sullivan, Hindenburg, —, ”, SEBI, ” Adani, Modi, Rahul Gandhi, ” Gandhi, Michelle Toh, Rhea Mogul Organizations: London CNN, Adani, Guardian, Financial Times, CNN, Soros, US State Department, Foreign Office, Ford Foundation, Indian, Adani Group, Hindenburg Research, Society Foundations, Securities and Exchange Board of India, ” Reuters, India’s Locations: Adani, Bermuda, Russian, Mauritius, India, Mumbai

☆ China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance
▼ + stars: | 2023-08-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Chinese President Xi Jinping unexpectedly missed a scheduled speech at this week's BRICS summit. China's commerce minister stood in for the speech instead, commenting on the US's economic dominance. Xi was the only BRICS leader who didn't make an appearance, with even Russia's Putin delivering comments virtually. After skipping the speech, Xi attended a dinner with the other nations' leaders, per CNN. Over the last two years, BRICS nations have increasingly tried to move off the US dollar as part of the broader dedollarization trend, completing international transactions in China's yuan or other local currencies.

Persons: Xi Jinping, Xi, didn't, Putin, Russia —, Wang Wentao, Xi's, Bonnie Glaser, — Bonnie Glaser, 葛 Organizations: Service, CNN, China's, German Marshall Fund Locations: Wall, Silicon, South Africa, India, Brazil, Russia, China

☆ India job seekers aren't ready to return to the office — 2 in 3 say they value flexibility over pay
▼ + stars: | 2023-08-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Workers in India are far from ready to return to the pre-pandemic days of working in an office, five days a week. In contrast, fewer job seekers (67%) consider the compensation offered for the job. According to Indeed, 6.5% of job postings on the platform in June explicitly mention phrases such as "work from home" or "remote work" in their job descriptions. Job seekers value clarity and communicationIn the midst of economic uncertainty, job seekers have been facing longer job interview processes as companies become more cautious with hiring. In addition, almost half of job seekers, or 48% surveyed, want to know the salary range from employers before applying for a role, Indeed added.

Persons: Sashi Kumar, Kumar, Josh Bersin Organizations: Workers, Employers, CNBC, Companies, Employees, Josh Bersin Company, AMS Locations: India

☆ Even a Russian-cofounded bank can't fund new projects in the country — and it shows just how financially isolated the country is
▼ + stars: | 2023-07-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

"Any speculations concerning the discussion of new operations of the NDB in Russia are unfounded," the development bank said in a Wednesday statement. The Shanghai-headquartered NDB was founded in 2015 by the "BRICS" nations — that's Brazil, Russia, India, China, and South Africa. She said the bank is not considering new projects in Russia as it operates in compliance with international financial and capital restrictions. On Wednesday, she also met with Russian President Vladimir Putin, the Kremlin said in a statement. Mere days after it invaded Ukraine, some Russian banks were banned from SWIFT, the Belgium-based messaging service that lets banks globally communicate about cross-border transactions.

Persons: —, Dilma Rousseff, Rousseff, Vladimir Putin, Putin Organizations: New Development Bank, Twitter, Kremlin, SWIFT Locations: Russia, Shanghai, Brazil, India, China, South Africa, Russian, St, Petersburg, Ukraine, Belgium

India’s first attempt at putting a robotic spacecraft on the surface of the moon three years ago ended in a crash and a crater. The mission, called Chandrayaan-3, comes amid a renewed interest in exploring the moon, but in the past decade, only China has succeeded in landing a spacecraft there in one piece. Chandrayaan-3 is the first of as many as six missions that could successfully land on the moon in the months ahead. The Indian Space Research Organization — India’s equivalent of NASA — will begin broadcasting coverage of the flight on its YouTube channel at 4:30 a.m.What is Chandrayaan-3? After the rocket carrying Chandrayaan-3 lifts off, a propulsion module will push the spacecraft out of Earth’s orbit and then allow the mission to enter orbit around the moon.

Persons: India’s, NASA — Organizations: Indian Space Research, NASA, YouTube Locations: China

☆ India’s stock market is hitting record highs. Here’s why
▼ + stars: | 2023-06-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy. The country’s stocks are so hot that India is now home to the world’s fourth most valuable equity market, behind only the United States, China and Japan. The total value of Indian equities has hit $3.5 trillion, greater than the value of Europe’s two biggest stock markets, in the UK and France, according to data from Refinitiv. Bright prospectsThe surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers. “The Indian equity market is the classic example of ‘expensive for a reason’,” he said.

Persons: ” Sher Mehta, ” Mehta, Sohini Kar, India Ashish Vaishnav, Pieter Elbers, Narendra Modi, Joe Biden, Apple, Lorenzo La, ”, Posta, La Posta, Gautam Adani Organizations: London CNN, United Kingdom’s FTSE, CAC, Virtuoso Economics, CNN, Monetary Fund, India, London School of Economics, Airbus, ”, Apple, Momentum Global Investment Management Locations: India, United States, China, Japan, Russia, Europe, France, Refinitiv, Mumbai, Washington, Germany

☆ India's gearing up to be the new China, but even Elon Musk is finding it hard to crack into the market. Here are 5 reasons why.
▼ + stars: | 2023-06-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

India has overtaken China as the world's most populous country, and it's pushing for foreign investments. But foreign investors keen to enter the Indian market face various barriers to entry. Earlier this year, India overtook China as the world's most populous country. Among investors keen on investing in India are Tesla and SpaceX CEO Elon Musk, and tech giant Apple. But given the huge Indian market, Tesla isn't giving up.

Persons: —, Narendra Modi's, Elon Musk, Mark Mobius, Modi —, Modi, Musk, Ashutosh Sharma, Forrester, That's, Sharma, India's, Mukesh Ambani Organizations: Service, India, Indian, Tesla, SpaceX, US International Trade Administration, ITA, Bank, World Bank, US, Reliance Industries SpaceX, Reliance, Reuters, Ambani's Locations: India, China

☆ Asia inflation has peaked, region's growth to overtake U.S. and Europe, Morgan Stanley says
▼ + stars: | 2023-06-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Citing reasons for his optimism, he said Asia is expected to deliver healthier growth rates while the West lags behind. Asia inflation 'not as intense'"We're definitely expecting growth in these two economies to be constrained by the fact that they have had this significant inflation problem," Ahya said in reference to the U.S. and Europe. The U.S. inflation rate has been holding well above the Fed's 2% annual target. Chetan Ahya Chief Asia Economist at Morgan StanleyChina's consumption 'on track'Another driver of Asia's growth is China's projected recovery in the second half of the year. "We're expecting China's recovery to broaden out in second half of this year," Ahya said.

Persons: Kazuhiro Nogi, Morgan Stanley, Chetan Ahya, Ahya, We're Organizations: Mount Fuji, Afp, Getty, Federal Reserve, Asia, Nurphoto, People's Bank of China Locations: U.S, Europe, Asia, India, Indonesia, Japan, Central, China, Jakarta

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ Auto giants are setting their sights on a new growth market for EVs: India
▼ + stars: | 2023-05-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

When it comes to electric cars, however, the country is playing a game of catch up. During a recent interview with CNBC's Charlotte Reed, Thierry Koskas accepted that the market in India was "just starting." Citroën India, which launched the fully electric ë-C3 in Feb. 2023, is not alone when it comes to making a move in India's nascent electric car sector. According to the IEA, Tata was responsible for more than 85% of battery electric vehicle sales within India last year. Other Indian firms jostling for position in the sector include Mahindra and Mahindra and Ola Electric.

☆ PlayStation, treasure hunts and natural wonders: What life is like onboard a giant oil tanker
▼ + stars: | 2023-05-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

The movies, which feature ambushes, looting and a drunken captain, are far from real life, according to shipping veteran Ralph Juhl. The crew on board an oil tanker operated by Hafnia. Where the ship goes depends on where the demand for oil is and Dixon has sailed to every continent bar Antarctica, he said. An aurora borealis light display in the southern part of Norway, one of the natural spectacles seen by oil tanker captain DSA Dixon during his seafaring life. Oil tanker crew prepare mooring ropes to secure a bunker barge to their vessel for refueling.

☆ Asia's growth will outpace both the U.S. and Europe this year, Morgan Stanley says
▼ + stars: | 2023-04-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesAsia's economic growth will outpace both the U.S. and Europe this year, led by strong domestic demand, according to Morgan Stanley. "The big argument that we've been making ... for Asia, including Japan, to outperform versus U.S. and Europe — is the fact that there is domestic demand strength," Chetan Ahya, chief Asia economist, told CNBC's "Street Signs Asia" on Monday. It's going through a rebound like quite nicely because of reopening, but also for fiscal and monetary policy being supportive." Three other large Asian economies — India, Indonesia and Japan — are also showing robust domestic demand, added the economist. The agency pointed out last week that Asia's domestic demand has so far remained strong despite monetary tightening.

☆ How Timberland, Vans, VF Corp. are making sure their cotton isn't 'greenwashed'
▼ + stars: | 2023-04-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

In this article VFC Follow your favorite stocks CREATE FREE ACCOUNTSmallholder Farmers Alliance purchase of organic cotton from farmer member. But the focus quickly moved to regenerative agriculture, a practice more activist shareholders are pressing with big consumer companies. "Regenerative agriculture is really important to Timberland and VF because it's about restoring the soil," said Atlanta McIlwraith, Timberland's director of social impact and activation. watch nowVF Corp's efforts with regenerative cotton in Haiti come at a time of growing pressure from consumers for companies to adopt more sustainable practices. So, we tackle the problem from its roots, which is environmental degradation in the country," said Timote Georges, executive director and co-founder of Smallholder Farmers Alliance.

☆ A first-of-its-kind fighter jet landing shows India's big ambitions for its growing aircraft carrier fleet
▼ + stars: | 2023-02-23 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

Two fighter jets landed on and took off from India's new aircraft carrier, INS Vikrant, this month. The continued growth of India's carrier fleet reflects New Delhi's ambitions in the region. Indian carriersA naval variant of India's Tejas fighter jet lands on INS Vikrant on February 6. Indian navyThough Vikrant is India's first domestically built carrier, it is actually the fourth to enter service with the Indian Navy. The third carrier, INS Vikramaditya, is a modified Kiev-class carrier India purchased from Russia in 2004.

☆ Twitter shut down 2 of its 3 offices in India and asked staff to work from home, report says — even though owner Elon Musk is a huge advocate of in-office working
▼ + stars: | 2023-02-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Twitter is closing two offices in India located in Delhi and Mumbai, per Bloomberg. Staff in those offices have been told to work from home, despite owner Elon Musk's distaste for home working. Twitter closed its offices in India's capital city Delhi and financial center Mumbai, sources familiar with the matter told Bloomberg. This latest cost-cutting measure came after Musk laid off over 90% of Twitter staff in India in November, leaving behind only about 12 employees. Meanwhile, staff working in marketing, communications, and public policy in India were also fired, per Bloomberg.

☆ Bill Gates on why he'll carry on using private jets and campaigning on climate change
▼ + stars: | 2023-02-07 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

During a recent interview with the BBC, the billionaire said rich countries needed "to get their emissions down to zero as fast as they can." Bill Gates does not agree that using a private jet and campaigning on the issue of climate change represents a contradiction open to allegations of hypocrisy. It says it "uses a technology called 'direct air capture' to capture carbon dioxide directly from the air." Gates has previously spoken about using Climeworks to "pay for direct air capture." "So a new way of making cement or steel, you know, electric passenger cars, that's all in the rich countries."

☆ It's been a very bad month for Indian billionaires — four of the richest Indians have collectively lost about $45 billion in 2023
▼ + stars: | 2023-01-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Indian billionaires are leading losses on the Bloomberg Billionaires Index so far this year. That's on the back of a massive selloff in Adani Group's listed businesses and the broader Indian market. Adani's listed companies have come under significant pressure following a short-seller attack. The Adani Group has been defending itself vigorously, but Hindenburg's also doubling down on it's initial report. Trailing Adani on the Bloomberg Billionaires Index are fellow Indian billionaires Mukesh Ambani, Radhakishan Damani, and Savitri Jindal, who have lost about $5 billion, $2 billion, and $1 billion so far this year.

☆ Davos: India flexes its muscle as China's star fades
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.

☆ Recession fears won't stop 'the big quit' in 2023, says LinkedIn
▼ + stars: | 2023-01-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

This is based on the latest findings from LinkedIn's Workforce Confidence Index research conducted among more than 4,000 employees across Singapore, Australia and India. "As professionals expand their skill sets, they are gaining more transferable skills that can be applied to multiple job roles and improves their likelihood of securing a job," Chhabria added. Pooja Chhabria career expert, LinkedInThat has set the stage for post-pandemic work and these desires will not go away anytime soon. This is why employees may not be looking to stay at their job for a long time, according to LinkedIn. Pooja Chhabria career expert, LinkedIn

☆ India, Mexico and Southeast Asia will benefit from 'the great diversification,' Australia's Kevin Rudd says
▼ + stars: | 2022-11-13 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +2 min

Former Prime Minister to the Commonwealth of Australia and President of the Asia Society Policy Institute Kevin RuddFor businesses seeking diversification into new markets — especially given the geopolitical risks surrounding China — India, southeast Asia and Mexico are top contenders, former Australian Prime Minister Kevin Rudd said Sunday. "One is Southeast Asia, where we are now, the second is India ... And certainly from the North American perspective, it's Mexico, obviously benefiting from the Nafta, or the Nafta-plus economic arrangements." "As someone who's dealt with India for the last 20 years, for the first time, I became convinced that they are about to attempt a significant policy shift," Rudd told the conference. "If they can pull that off, it can turn India into the next China in terms of a large scale consumer market, and also a reliable, global factory," he added. India, in particular, could potentially provide exporters not just with opportunities to diversify supply chains, but also new end-markets.

☆ India's Hero MotoCorp to invest $60 mln in Zero Motorcycles
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Sept 29 (Reuters) - Indian bikemaker Hero MotoCorp (HROM.NS) said on Thursday it will invest $60 million in California-based Zero Motorcycles to jointly develop electric motorcycles, as it seeks to expand presence in the green mobility space. Zero is present is a "global leader" in powertrains, Hero said in its exchange filing, adding that it will launch its first electric product under its emerging mobility brand Vida on Oct. 7. The move comes after Hero in January announced an investment of more than $56 million in electric vehicle (EV) start-up Ather Energy — India's top electric-scooter maker by revenue. Earlier this month, it partnered with state-run Hindustan Petroleum Corp (HPCL.NS) to set up EV charging infrastructure across the country. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nandan Mandayam in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

Coronavirus în lume: numărul total al deceselor face cât întreaga populație a Moldovei. Peste 130 de milioane de oameni s-au îmbolnăvit în întreaga lume și circa 3 milioane de persoane au decedat. S-au infectat 132 de milioane de persoane – aproximativ cât populația Mexicului (126 de milioane de oameni) sau populația Rusiei (146 de milioane de oameni). Sunt 106 301 580 de cazuri tratate – aproximativ cât populația Filipinelor (110 milioane de oameni) sau populația Egiptului (101 milioane de oameni). Sunt 22 800 000 de cazuri active – aproximativ cât populația Sri Lankăi (21,9 milioane de oameni) sau populația Taiwanului (23,6 milioane de oameni).

Persons: Sfântul Cristofor, Saint Pierre Organizations: Miquelon Locations: Moldovei, Wuhan, China, Mexicului, Rusiei, Albaniei, Filipinelor, Sri Lankăi, Taiwanului, SUA, India, Rusia, Vatican, Insulele Comore, Tadjikistan, Siria, Nicaragua, Burkina Faso, Republica Democratică Congo, Insulele Marshall, Sahara de Vest, Samoa, Micronesia, Tanzania, Europa, America de Nord, Asia, America de Sud, Africa, Oceania, Insulele Falkland, Macao, Sfântul, Nevis, Groenlanda, Saint

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