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Chevron Australia, LNG unions make progress in talks - union official
Chevron Australia, LNG unions make progress in talks - union official
SYDNEY Talks to halt the resumption of strikes at Chevron's two liquefied natural gas (LNG) facilities in Australia
2023-10-11 12:55
Nigeria’s Bola Tinubu sworn in as president amid hopes and skepticism
Nigeria’s Bola Tinubu sworn in as president amid hopes and skepticism
The new president of Nigeria has taken over the reins of power
2023-05-29 17:58
Cierto Tequila Awarded Five Double Gold Medals at the 2023 Singapore World Spirits Competition
Cierto Tequila Awarded Five Double Gold Medals at the 2023 Singapore World Spirits Competition
LOS ANGELES--(BUSINESS WIRE)--Jul 6, 2023--
2023-07-07 05:55
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 19:16
Code Security Startup Pixee Emerges From Stealth to Automate Code Hardening and Vulnerability Remediation for Developer Teams
Code Security Startup Pixee Emerges From Stealth to Automate Code Hardening and Vulnerability Remediation for Developer Teams
SAN FRANCISCO--(BUSINESS WIRE)--Aug 22, 2023--
2023-08-22 23:17
Baby Health Care Recognized as One of the Top 10 Fetal and Neonatal Care Companies of 2023 by MEDTECH OUTLOOK
Baby Health Care Recognized as One of the Top 10 Fetal and Neonatal Care Companies of 2023 by MEDTECH OUTLOOK
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jun 12, 2023--
2023-06-13 11:29
Milei Meets US Officials, IMF in Post-Victory Washington Visit
Milei Meets US Officials, IMF in Post-Victory Washington Visit
Argentine President-elect Javier Milei met with US officials days ahead of his inauguration as the libertarian looks to
2023-11-29 09:57
Wall Street Is Split on How Much the Treasury Will Sell in Bills
Wall Street Is Split on How Much the Treasury Will Sell in Bills
Wall Street strategists are divided on how much more the Treasury can expand its cache of bills, as
2023-10-31 02:18
Disney parks at the forefront after Iger's return
Disney parks at the forefront after Iger's return
It’s been six months since Bob Iger canceled his retirement and stepped back into the top role at Disney to right a number of perceived wrongs under his handpicked successor, with one hovering right near the top: reconnecting with the Disney theme park die-hards and restoring their faith in the brand
2023-05-09 02:29
France's AFP sues Musk's X social media, cites refusal to discuss payment for news
France's AFP sues Musk's X social media, cites refusal to discuss payment for news
Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media
2023-08-03 12:56
Bitcoin Coders Feud Over Whether to Crush $1 Billion Frenzy for Memecoins
Bitcoin Coders Feud Over Whether to Crush $1 Billion Frenzy for Memecoins
The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the
2023-06-04 21:21
Americans Unseat Chinese as Top Foreign Homebuyers in Singapore
Americans Unseat Chinese as Top Foreign Homebuyers in Singapore
Americans replaced Chinese as the top foreign buyers of private apartments in Singapore, according to OrangeTee & Tie.
2023-07-20 13:52