BUSINESS
Belt & Road of Debt: How China's BRI turns partner nations into debtors
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt, wrote Michael Bennon and Francis Fukuyama in a recent article in Foreign Affairs.
ICF to launch new variants of Vande Bharat train this fiscal
According to ICF General Manager B.G.Mallya, the sleeper and inter-city variants (of the Vande Bharat trains) will be launched this fiscal. Currently, the Vande Bharat trains designed and built by the ICF offer only seating facilities. Mallya said that the fully air-conditioned Vande Bharat sleeper train will have 16 coaches -- 11 three tier, four two tier and one First Class.
A decade on, China's imperial financial gambit goes awry
The two parts of the OBOR project are the ‘Silk Road Economic Belt’ and the ‘21st Century Maritime Silk Road’. The former connects China with Central Asia, Eastern Europe, and Western Europe through land; while the latter is a network of sea-based routes to connect China’s southern coast with the Mediterranean, Africa, South-East Asia, and Central Asia.
Legal action by Akasa Air: Over 40 pilots face lawsuit for abrupt resignations
Consequently, by August this year, Akasa's domestic market share had fallen behind that of the financially challenged SpiceJet, a carrier it had surpassed in June. Akasa is reportedly requesting around Rs 22 crore in compensation for the loss of revenue and damage to its reputation, citing that the 43 pilots in question departed without fulfilling the mandatory notice period.
Google Co-founder Sergey Brin quietly divorced wife after alleged affair with Musk
Court documents accessed by Page Six revealed that Brin finalised his divorce from estranged wife Shanahan after she was accused of -- and denied -- having an affair with Musk.
SoftBank explores investing in OpenAI after bumper Arm IPO: Report
Masayoshi Son, SoftBank's founder and CEO, is potentially “looking to invest tens of billions in AI after completing Arm’s initial public offering,” reports The Financial Times.
Latest data indicates US Fed likely to hold rates steady next week
That data indicates that the Federal Reserve is still likely to hold rates steady next week, some investors say. But they add that there are pockets of strength in the economy that suggest markets don’t have the all-clear, CNN reported.
DGCA gives nod to Zooom airlines to commence operations
Zooom airlines or Zexus Air, initially established in April 2013, acquired its first aircraft, a Bombardier CRJ200.
Markets have given subdued returns when Nifty P/E ratio more than 22x
Currently, the P/E ratio of Nifty 50 is at 22.5x. Historically, whenever an investment has been made when the PE ratio is more than 22x, 3-year forward returns have been subdued, the report said.
Global rice crisis reminiscent of 2008 Asian food price scare
He drew parallels between the current surge in food prices and the one that rocked the world in 2008, noting that shortage fears are rising for the staple food that feeds billions of people.
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