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☆ India wants to become the top manufacturing alternative to China. But first it needs to beat Vietnam
▼ + stars: | 2024-04-02 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +6 min

The Biden administration has encouraged American companies to move electronics and technology manufacturing operations out of China and into friendlier countries, particularly Vietnam and India in Asia-Pacific. Vietnam's head startIndia and Vietnam are attractive manufacturing alternatives for foreign investors and companies, due in part to low labor costs. Import taxes remain highOne hurdle for India's manufacturing hub ambitions is the country's 10% import duty for information and communication technologies. India's import taxes were intended to protect domestic manufacturers, but lowering those duties will be part of the government's efforts to attract foreign firms to manufacture goods within the country. For example, India in January lowered import taxes for certain metal and plastic parts used in manufacturing mobile phones from 15% to 10%.

Persons: Biden, Mukesh Aghi, Samir Kapadia, Narendra Modi's, Aghi, Nari Viswanathan, Viswanathan, Tim Cook, Narendra Modi, Andy Ho, Modi, Kapadia, Pankaj Mahindroo, VinaCapital's Ho, Ho Organizations: Hindustan Times, Getty, Republicans, U.S ., India Strategic Partnership, India Index, Vogel Group, U.S, White House, Washington, Financial Times, Apple, Indian, Google, Dixon Technologies, Samsung, Motorola, India Cellular and Electronics Association, CNBC, corporates Locations: Noida, India, Asia, China, Vietnam, The U.S, U.S, United States, Singapore

☆ The Baltimore bridge disaster is just the latest knock to global shipping and trade
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Over the past few years, supply chain woes have repeatedly come into the spotlight. Since then, global integrated supply chain systems just seem to keep getting disrupted — be it by the COVID-19 pandemic or Russia's war in Ukraine. The domino effect is due to the "just in time" model that supply chains have been relying on for decades. Here are three key reasons why supply chains just seem to keep screwing up in recent years. Examining ongoing conflicts in the Black Sea and Red Sea respectively shows how geopolitical conflicts affect global supply chains.

Persons: —, they've, Donald Trump, Dali, Francis Scott Key, Project44, Nari Viswanathan, Viswanathan, tailspin, Julie Gerdeman, Trump, Rahul Khanna, Geoff Weiss, Allan Post, Justus Heinrich, Khanna Organizations: Service, Business, Maersk, BI, Shipping, Allianz, Allianz Commercial, Technologies Locations: China, Ukraine, Baltimore, The Port, of Baltimore, Europe, Asia, Iran, Israel, Suez, Good, Africa, Panama, El, Egypt

☆ A Meteoric Career, Cut Short, Still Burns Bright
▼ + stars: | 2023-10-31 | by ( Travis Diehl | ) www.nytimes.com time to read: +1 min

A heavy irony hangs over Michael Richards’s work: The artist known for images of pilots, airplanes, wings and targets died, age 38, in the Sept. 11 attacks. He had spent the night in his studio on the 92nd floor of the World Trade Center’s north tower. But it’s likely that, had he lived, we would still be discussing Richards’s sculpture. In his handful of active years, he was beloved by curators and peers, and found consistent institutional support. Dread Scott, an artist and friend of Richards’s, recalled their conversations ranging over “W.E.B.

Persons: Michael Richards’s, Nari, Kerry James Marshall, Dread Scott, Richards’s, Du Bois, Wu Tang Clan, Richards, Rodney King Organizations: Trade, Bronx Museum, Arts, Jan Locations: Nari Ward, Brazil

[1/6] Park Young-soo, whose son died in the Halloween crowd crush a year ago, visits the memorial park where her son's ashes were buried in Pocheon, South Korea, October 24, 2023. She says she may not be able to move on with her life until she sees some kind of accountability from the government. Park is one of more than 100 family members who say the authorities have done little to hold those responsible to account. Relatives of the victims want a special law that would allow an independent and comprehensive investigation into the cause of the crush. "Nothing is reported to us nor communicated to us," said Nari Kim from Austria, who lost her younger brother in the crush.

Persons: Kim Soo, soo, Lee Nam, Lee, Yoon Suk, Lee Sang, Kim Young, Kim, Nari Kim, Jong, Woo Paik, Hyunsu Yim, Daewoung Kim, Heejung Jung, Jimin Jung, Josh Smith, Robert Birsel Organizations: REUTERS, Rights, Interior, National Assembly, Power Party, Korean Society, Thomson Locations: Pocheon, South Korea, Rights SEOUL, Itaewon, Hamilton, Seoul, North Korea, Seoul's, U.S, Japan, Iran, Austria, Korea

☆ Outperforming portfolio manager names 5 discounted global stocks to buy right now
▼ + stars: | 2023-10-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Many stocks have become "a bit cheaper" and investors could get good returns, according to one portfolio manager. "Now, we've seen quite a lot of stocks coming up and there's quite a lot of discounted stocks out there," he said. "So we've been looking a lot at the industrials and consumer stocks that have been quite beaten up in the last few months. He was previously portfolio manager of the Orca Global Fund, which is now closed. Five discounted names He named these five global stocks in the industrials and consumer sectors: Germany's DHL and Siemens , Hong Kong's Techtronic , China's Nari and India's Infosys .

Persons: Ted Alexander, BML, CNBC's, we've, Alexander, Hong Kong's, China's, Techtronic Organizations: Global Fund, Orca Global Fund, Nasdaq, Germany's DHL, Siemens, Hong, India's Infosys, Infosys

☆ Add the climate crisis to the long list of things messing up supply chains this summer
▼ + stars: | 2023-09-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The climate crisis is throwing a wrench into already messy supply chains. Climate change and the El Niño weather phenomenon are affecting water levels in the Panama Canal. The situation is serious this summer because of a historic drought affecting rainfall that feeds into the Panama Canal. Advertisement Advertisement Watch:Droughts aren't a new phenomenon at the Panama Canal — climate change has been associated with unpredictable weather for years. Supply chains were already in chaos from COVID-19, geopolitics, and rising costs in ChinaTo be sure, the vessel congestion at the Panama Canal is troubling because it adds to the existing stress on the world's supply chains.

Persons: Nari Viswanathan, Viswanathan, Project44, Stephen Lamar, Jon Davis, Donald Trump, Biden Organizations: Service, American Apparel & Footwear Association, CNBC Locations: Panama, Washington, El, COVID, China, China . Washington, Beijing, India, Vietnam

☆ Here's why American men die younger than women on average and how to fix it
▼ + stars: | 2023-03-01 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Men die younger than women in the United States, on average. American women had a life expectancy of 79 years in 2021, compared with men's, which was only about 73, according to CDC data. "Across, basically, almost every major cause of death, men are more likely to die than women are." That means there are some steps we can take to work toward helping men live longer. Watch the video above to learn more about why men die younger on average than women and what we can do to change it.

☆ India puts military and diversity on display for Republic Day parade
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Jan 26 (Reuters) - India showcased its military and its cultural diversity in a colourful parade on Thursday at the revamped colonial avenue in New Delhi to mark Republic Day, the anniversary of the day the country's secular Constitution came into effect in 1950. Several thousand people watched the parade from seats around Kartavya Path - or path of duty - braving the cold on a foggy morning in New Delhi, while millions more watched on television. Accompanied by marching bands, troops from the country's military, border and police forces paced in perfect synchronisation towards the dais where President Droupadi Murmu took the salute. [1/3] A girl wearing a face mask holds the Indian national flag as she attends a flag hoisting ceremony during India's Republic Day celebrations in Ahmedabad, India, January 26, 2022. But foggy weather spoilt the spectacle, as spectators struggled to catch a glimpse of the aircraft as they roared overhead.

☆ A quarter of Americans are expecting to delay their retirement due to rising consumer costs, according to a new study
▼ + stars: | 2022-10-13 | by ( Nathaniel Lee | ) www.cnbc.com time to read: +2 min

And nearly a third of seniors say they either plan to work through the age of 70 or never retire, according to a study by BlackRock. "The United States is definitely facing a retirement crisis," said Nari Rhee, a director of the retirement security program at the UC Berkeley Labor Center. "If you're retired and on a fixed income, inflation really, really hurts," said Rhee. One million dollars in a retirement account just two years ago is worth about $120,000 less when adjusted for inflation, and now, with that financial backdrop, a quarter of Americans say that are expecting to delay their retirement due to rising consumer costs, according to a survey by BMO Harris Bank. Retirees like Juanita Dykes, a former factory worker living in Rural Retreat, Virginia, say more things are becoming impossible to afford.

In the US, 401(k)s are the most common retirement savings account. That's created a disparity in retirement saving — just 38% of Black households have retirement savings compared to 63% of white households. As a Black woman, I opened a Roth IRA to take control of my retirement savings no matter what my employer provides — and I think every person of color should do the same. This is a problem, since employer-sponsored 401(k)s are the most ubiquitous form of retirement savings account. A Roth IRA (Individual Retirement Account) is another tax-advantaged retirement account.

Persons: That's, —, Nari Rhee, Dr, Roth, I'd Organizations: Service, National Institute on Retirement Security, IRA, Roth IRA

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