By Sudarshan Varadhan and Aftab Ahmed NEW DELHI (Reuters) – Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters. India imposed an export tax of 15% on eight…
DAVOS, Switzerland (AP) — While the COVID-19 pandemic and Russia’s war in Ukraine will be focuses of the World Economic Forum’s gathering of business and government leaders, so too will climate change. It’s captured the world’s attention in unignorable and devastating ways. The acceleration of rising temperatures, the ferocity and costliness of major weather events,…
DAVOS, Switzerland (AP) — If you’re coming to Davos this year, try to take the train instead of flying, organizers of the World Economic Forum said. So I did. That meant a 12-hour journey from London to the exclusive gathering in the Swiss Alps, which I’m helping cover for The Associated Press. Taking a train…
By Nupur Anand MUMBAI (Reuters) – India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s…
TOKYO (AP) — President Joe Biden on Monday is expected to come out with a list of nations that will join a long-anticipated Indo-Pacific trade pact, but Taiwan won’t be among them. White House national security adviser Jake Sullivan confirmed that Taiwan isn’t among the governments signed up for the launch of the Indo-Pacific Economic…
VATICAN CITY (AP) — The Vatican’s sprawling financial trial may not have produced any convictions yet or any new smoking guns as prosecutors work through a first round of questioning of the 10 suspects accused of fleecing the Holy See of tens of millions of euros. But testimony so far has provided plenty of insights…
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial…
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group said on Sunday it planned to invest an additional $5 billion in the United States to strengthen collaboration with U.S. firms in advanced technology. The investments will be made by 2025, paying for activities in robotics, urban air mobility, autonomous driving and artificial intelligence, the group said….
SEOUL (Reuters) – Hyundai Motor Group said on Sunday it plans to invest an additional $5 billion in the United States through 2025 to strengthen its collaboration with U.S. firms in diverse technologies, such as robotics, urban air mobility, autonomous driving and artificial intelligence. Hyundai Motor Group, which houses Hyundai Motor Co and Kia Corp,…
By Ludwig Burger and Christoph Steitz FRANKFURT (Reuters) -Siemens Energy on Saturday launched a 4.05 billion euro ($4.28 billion) bid for the remaining shares in struggling wind turbine unit Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares. Siemens Energy said the 18.05 euros per share bid constitutes a…
