Article content CAIRO — Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister […]
Article content India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday. Asia’s richest person Gautam Adani’s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC […]
Article content (Bloomberg) — Olaf Scholz’s Social Democratic Party lost a regional election for the second straight week, suffering a fresh blow amid wavering support for the German chancellor’s Ukraine policy. The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, […]
The Institute of Directors has published a white paper ‘The Green Incentive: how to put net zero at the heart of business planning’. The policy paper sets out four specific medium-term recommendations which would incentivise businesses, and particularly smaller businesses, to play their part in decarbonising the economy. The Government has set a national climate […]
The pandemic might be waning, but its lessons will linger on. Excerpts from Lockdown or Economic Destruction? throw light on how some sectors will change Automobiles This is another segment which will witness cross currents which can affect the final outcome. Let us see what works in the favour of the industry. With social distancing […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 14, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Group of Seven finance chiefs are set to make their biggest appraisal yet of how the world has changed since the start […]
There is a strong subcontinental flavour at the Cannes Film Festival this year. Celebrating its 75th anniversary, the world’s most influential film festival has lined up movies from India, Pakistan and Nepal in the official selection for the May 17-28 event. The three neighbouring countries are also part of mentorship programmes for a new generation […]
Article content Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported https://www.telegraph.co.uk/business/2022/05/14/take-many-days-like-goldman-sachs-tells-bosses on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there […]
By Shubhangi Shah The ‘chaiwala-turned-PM’ story may continue to sell, but several entrepreneurs in the country are now taking it a notch further by selling the same product (tea, not the story), but with a twist. So, earlier, if there were chaiwalas (tea-sellers) who turned MBAs or became engineers —and their stories in turn inspired […]
Article content HAVANA — Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but soaring global prices for food and fuel require “audacious” measures to tame inflation, economy minister Alejandro Gil told Cuban lawmakers on Saturday. Gil said Cuba saw a 38% increase in exports in the first […]