BUSINESS
China-Pak Economic Corridor the cause of India's opposition to BRI
Though it managed to garner a lot of support from many central Asian and even European nations (like Italy), who saw a potential of boosting their trade in Asia through it, India has been a long standing opponent of the project.
India-Middle East-Europe Corridor most ambitious of Biden's PGII push
IMEC is a port-and-rail economic corridor connecting India, the Middle East and Europe. Thus the name, India-Middle East-Europe Economic Corridor (IMEC). Along the route, the plan is to run a cable for electricity and digital connectivity
Countering China: How the India-Middle East-Europe Corridor will work
In a significant development which could have far reaching geopolitical ramifications, the India–Middle East–Europe Economic Corridor (IMEC) was announced at the recently concluded G20 Summit in New Delhi.
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.
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