US Ambassador Eric Garcetti Highlights Job Creation Potential of Decarbonisation in India
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#4abbdfa7 ver:0.35
US Ambassador to India, Eric Garcetti, spoke at the US-India Climate Technologies Action Group--Forum on Decarbonizing Pathways, emphasizing the potential for job creation through decarbonisation in India. Garcetti stated that by adopting greener pathways and becoming a leader in the region and the world, India could create millions of jobs in the next 20 years. Currently, India has about 184 GW of renewable energy capacity, accounting for over 42% of its total power generation capacity. India has set a target of having 500 GW of renewable energy by 2030 .
Garcetti also highlighted the importance of the US-India friendship and stated that together, they can be the twin pillars of green hydrogen in the world. His remarks underscore the collaborative spirit between the two countries in addr...
#newstr #Decarbonisation #Jobs #UsAmbassador #India #RenewableEnergy
Minnesota Soybean Research Council Promotes U.S. Soy in Uzbekistan
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#9abdf4b9 ver:0.05
Uzbekistan recently expressed interest in testing and growing Belarusian potato varieties to address its domestic potato needs . The Uzbekistan Minister of Agriculture, Ibrokhim Abdurakhmonov, announced plans to start growing and testing new potato varieties this season . The first batch of potato varieties has already been ordered, with a delivery expected in the near future . Uzbekistan currently only meets half of its potato needs, making this collaboration crucial for improving self-sufficiency in potato production . The success of this initial cooperation will determine further collaboration in this area .
The Minnesota Soybean Research & Promotion Council (MSR&PC) recently conducted a trade mission to Uzbekistan to promote the value of U.S. soy . The trade mission took place from Ma...
#newstr #Uzbekistan #BelarusianPotatoVarieties #UsSoy #TradeMission
Pawn Shops Highlight Economic Struggles Ignored by Biden Administration
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#2fc05d47 ver:0.06
US consumers are turning to selling their gold jewelry as a means to cope with rising inflation and the looming economic crisis. The increase in gold prices has incentivized consumers to cash in on their broken jewelry. While in March, customers were selling their old jewelry to invest in the stock market, the current trend is driven by the need to make mortgage payments. The surge in gold recycling aligns with the demand for safe-haven assets due to geopolitical uncertainty. However, consumers are more focused on the state of the domestic economy and remain skeptical that inflation will subside. Despite the Federal Reserve's confidence in controlling inflation, concerns about a potential recession persist.
Pawn shops are experiencing a pile-up of inventory, indicating tough times for lo...
#newstr #PawnShops #Economy #Biden #FinancialStruggles #Debt
The Challenges of Obtaining Crop Insurance for Specialty Crops in a Changing Climate
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#ab96db69 ver:0.17
Chicago soybean and corn futures eased on Thursday as an advancing U.S. harvest underscored ample global supplies while weaker oil prices raised concern about global demand. The farm economy is at a critical juncture as the corn harvest plays a pivotal role in determining its trajectory. The United States Department of Agriculture (USDA) projects that Illinois farmers will harvest an average of 198 bushels per acre of corn in 2023, which is 16 bushels per acre lower than the final estimate for 2022. However, field canvassers from Bloomington-based agricultural cooperative GROWMARK have gathered data that paints a different picture. According to their findings, Illinois farmers are expected to harvest 213 bushels per acre this fall, based on 282 field location samples.
The discrepancy betw...
#newstr #Agriculture #TradeDeficit #Exports #BidenAdministration #China
Chinese EVs Expected to Capture 25% of European Market, Prompting EU Consideration of Import Tariffs
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#ac1676e0 ver:0.19
China's stock market experienced a decline as tensions between the US and China escalated over a new American policy that could disadvantage Chinese electric vehicle (EV) manufacturers. The Shanghai Composite Index fell by 1.3%, or 38.34 points, to close at 2,993.14, while the Shenzhen Component Index dropped by 2.4%, or 226.96 points, to 9,222.47 . China argues that the US Inflation Reduction Act includes discriminatory subsidies that unfairly exclude Chinese-made EVs. In response, China has filed a complaint with the World Trade Organization (WTO) against the Act .
Despite the market downturn, data from the National Bureau of Statistics revealed a strong 10.2% year-on-year increase in industrial profits for the first two months of 2024 .
In addition to the trade tensions, Guangdong Ti...
#newstr #China #Us #TradeTensions #ElectricVehicles #EuropeanMarket #ImportTariffs
Sensex and Nifty Start Lower, Influenced by Global Markets
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#5dc2e9a2 ver:0.53
The Indian stock market opened flat after the Holi festivities, with the benchmark Sensex down by 234.50 points, opening at 72,597.44, while the Nifty slipped 47.95 points to commence at 22,048.80. Among the Nifty companies, 13 advanced while 37 declined in early trade. Notable gainers included HDFC Life, Adani Ports, Tata Motors, Hero MotoCorp, and Bajaj Auto, while Maruti, SABI Life, Kotak Bank, Infosys, and Hindustan Unilever led the losses. The market is predicted to open on a muted but positive note, influenced by mixed signals from global markets. Foreign institutional investors (FIIs) net sold shares worth 3,309.76 crore, while domestic institutional investors (DIIs) bought 3,764.87 crore worth of stocks on March 22. The NSE F&O ban list for March 26 includes Biocon, SAIL, Tata Chem...
#newstr #Sensex #Nifty #StockMarket #GlobalMarkets #UsFederalReserve
Germany's Economic Challenges Highlighted as Italy's Growth Fades
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#c893ac10 ver:0.08
German factory orders rebounded partially in August, a sign that the country’s crucial manufacturing sector may be stabilizing as it suffers from a global economic slowdown and higher interest rates . Demand increased 3.9%, surpassing economists' expectations. Germany’s economy, which has been the euro zone’s weakest link, is projected to shrink this year due to waning demand for goods and services. In August, exports dropped by 1.2%, more than anticipated. German manufacturers are also grappling with challenges such as the war in Ukraine, an aging workforce, and dependence on China. However, there is an opportunity for the German economy to regain its technological leadership through the green transition. The country's long-term potential growth will depend on how it addresses its structu...
#newstr #Germany #Italy #EconomicChallenges #ManufacturingSector #GlobalEconomicSlowdown #Investment #ProductivityGrowth
Chinese President Xi Jinping Meets with Top US Executives in Beijing to Boost Confidence in the World's Second Largest Economy
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#dda14a4e ver:0.38
Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States .
The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives . The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and inve...
#newstr #China #XiJinping #UsCeos #ForeignInvestment #EconomicGrowth
Joe Biden's Approval Rating Drops as Majority of Americans Disapprove of Israeli Action in Gaza
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#73088d92 ver:0.1
Recent polls indicate that a majority of American voters are dissatisfied with President Joe Biden's handling of the Israeli-Palestinian conflict and his support for Israel. A New York Times/Siena College poll conducted in December 2023 revealed that 57% of Americans disapproved of Biden's approach to the conflict, while only 33% approved .
A more recent poll conducted by the University of Massachusetts Amherst and YouGov in January 2024 found that just under 60% of respondents nationwide believe that President Biden is not handling the ongoing conflict between Israel and Hamas well, while only 31% approve of his policy regarding Israel . The poll also revealed that 50% of respondents view Israel's actions as genocidal, while the other 50% push back against this declaration .
A new Gallu...
#newstr #JoeBiden #IsraelipalestinianConflict #Israel #Gaza #ApprovalRating #Poll
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/50b8d084-b2af-4cd4-2e03-ed4a23c12e00/screenshot
Robert F. Kennedy Jr. Selects Tech Attorney Nicole Shanahan as Vice-Presidential Running Mate for Independent Presidential Campaign
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#acd92f19 ver:0.11
Robert F. Kennedy Jr. has chosen tech attorney Nicole Shanahan as his running mate for his independent presidential campaign. Kennedy made the announcement at a campaign event in Oakland, California, where he described Shanahan as a brilliant scientist, technologist, and fierce warrior mom. Shanahan, the ex-wife of Google co-founder Sergey Brin, brings financial resources and connections in the tech industry to the campaign. Kennedy's campaign has raised over $27 million and he is backed by 15% of registered voters, according to a recent poll .
Shanahan, a Bay Area lawyer with strong connections to Silicon Valley, has previously supported Democrats and donated $25,000 in 2020 to support President Biden. Some supporters believe that Shanahan's selection could help broaden Kennedy's appeal,...
#newstr #RobertFKennedyJr #NicoleShanahan #RunningMate #PresidentialCampaign #SiliconValley #TechIndustry
Japanese Nappy Maker Shifts Focus from Babies to Adults, Reflecting Changing Demographics
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#b2d4691e ver:0.05
In response to Japan's aging population and declining birth rate, Daio Paper, one of Japan's largest nappy manufacturers, is shifting its focus from baby diapers to adult diapers. The company plans to increase production of adult diapers and reduce production of baby diapers, aiming to capture a larger share of the growing market for adult diapers, which is expected to reach $14.5 billion by 2025. This strategic shift reflects the changing demographics in Japan and the need for products that cater to the elderly population. Daio Paper's decision aligns with the government's efforts to address the challenges posed by an aging society .
The rising demand for instant noodles can be seen as a societal and economic red flag, indicating strain or brokenness in developed countries. Instant noodl...
#newstr #Japan #NappyMaker #AdultDiapers #AgingPopulation #BirthRate #InstantNoodles #Inflation #ConsumerBehavior #TokyoSupermarket #Recession
SpaceX Faces Challenges as Starlink Black Market Trade Grows Worldwide
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#a13b7f48 ver:0.09
Indosat Ooredoo Hutchison, a mobile operator and telecommunications infrastructure provider in Indonesia, has responded to the potential competition from Amazon's Project Kuiper in the country. This comes after Amazon successfully made its satellites communicate with each other through laser communications, bringing the company closer to competing with SpaceX's Starlink . Indosat remains focused on expanding its integrated network infrastructure and providing the best digital experience for customers in Indonesia. While not explicitly mentioning Project Kuiper, Indosat is open to potential business collaborations that benefit the country. The Indonesian Ministry of Communication and Information Technology, BAKTI Kominfo, has stated that they will consider anything that is deemed beneficial...
#newstr #Spacex #Starlink #BlackMarketTrade #InternetAccess #RemoteAreas #Challenges #Demand #UnauthorizedSale #Availability #OfficialSubscriptions #India #Measures #RegulatoryMeasures
Gold Prices Steady as Traders Await US Inflation Data and Fed Comments
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#902c012e ver:0.35
Gold prices are treading water below the $2,050 level as the U.S. Bureau of Economic Analysis (BEA) reports that the economy expanded by 3.2% in the fourth quarter of 2023, slightly lower than the expected 3.3%. Despite the weaker-than-expected GDP data, the gold market remains constrained below $2,050 an ounce. Personal consumption rose 3.0% in Q4, driving the U.S. economy. The core Personal Consumption Expenditures Price Index also rose to 2.1% in Q4, up from the initial estimate of 2.0%. Some market analysts have expressed concerns about a potential recession despite the relatively healthy state of the U.S. economy.
Gold prices slid against a stronger dollar, remaining within the trading range of the past few weeks. Investors are cautious about the direction of monetary policy and th...
#newstr #Gold #UsInflation #FederalReserve
BlackRock CEO Larry Fink Calls for Reforms to Address Ballooning US Debt and Spur Economic Growth
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#9efc32af ver:0.24
BlackRock CEO Larry Fink has expressed serious concerns about the urgency of the US public debt situation, emphasizing it as unprecedented in his experience. In his annual letter, Fink highlighted the insufficiency of relying solely on taxes and spending cuts to manage the escalating debt crisis. He warned of a potential future mirroring Japan’s economic stagnation in the late '90s and early 2000s, marked by austerity and minimal growth. Fink called for capital markets to help grow the economy through infrastructure investments, especially in the energy industry.
The US debt has reached $34.602 trillion as of March 27, 2024 . Fink's warning comes as investors are becoming wary of traditional financial markets and may turn to cryptocurrencies as a decentralized solution. The rise in US deb...
#newstr #UsDebt #EconomicGrowth #Blackrock #LarryFink #CapitalMarkets #EnergyInfrastructure #BitcoinEtfs
Mexico's Increasing Alignment with China Raises Concerns for the US
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#3c972b01 ver:0.42
Mexico is becoming increasingly aligned with China, raising concerns for the United States. American companies have invested nearly $7 billion in Nuevo Leon, Mexico, as part of the concept of nearshoring, which aims to derisk from China and reshore manufacturing. This trend began with President Trump's tariffs in 2018 and has been further facilitated by the United States-Mexico-Canada Agreement (USMCA), which allows duty-free trade between the United States and Mexico. As a result, there has been a surge in imports from Mexico, leading to Mexico's growing importance as a trading partner for the United States .
However, this increasing alignment with China has raised concerns for the United States. Senators Tom Cotton and Sherrod Brown have introduced the Stop Mexico's Steel Surge Act, whi...
#newstr #Mexico #China #Trade #Nearshoring #Usmca #Tariffs #Steel #Evs #DrugWar #Cartels
HSBC Launches $1 Billion ASEAN Growth Fund and $150 Million Venture Debt Program to Support Business Expansion in Southeast Asia and Singapore
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#f676f111 ver:0.16
HSBC has announced two initiatives to support business expansion in Southeast Asia and Singapore. The bank has launched a $1 billion ASEAN Growth Fund to enhance the capabilities of digital platform businesses in the region. The fund will provide credit facilities and digital financing solutions to support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC aims to leverage the rapid growth of the digital economies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are projected to reach $600 billion by 2030. The bank's fund is expected to play a pivotal role in this growth trajectory .
In addition, HSBC has earmarked $150 million for its venture debt program in Singapore. The program aims to ...
#newstr #Hsbc #AseanGrowthFund #VentureDebt #DigitalPlatformBusinesses #SoutheastAsia #Singapore
Barclays Launches £2bn Cost-Cutting Drive After Drop in Profits, Vanquis Bank Resets Business After 2023 Loss
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#c751eee6 ver:0.14
Barclays plans a £2bn cost-cutting drive and aims to return £10bn to shareholders over the next three years. Pre-tax profits at Barclays fell to £6.6bn in 2023, down from £7bn in 2022. Higher interest rates pushed up earnings at Barclays UK, where income rose 5% to £7.6bn. Income at the Corporate and Investment Bank (CIB) fell by 4% to £12.6bn. Barclays also spent £900m on cost-cutting in 2023. CEO C. S. Venkatakrishnan unveils Barclays' first major strategy update in a decade. Barclays will be reorganized into five new divisions. Barclays shares jump 6% at the start of trading in London. Barclays plans to return at least £10bn of capital to shareholders over the next three years through dividends and share buybacks. Barclays' bonus pool fell 3% to £1.2bn for 2023. The bank's new three-yea...
#newstr #Barclays #Costcutting #ProfitDrop #VanquisBankingGroup #UkBankingSector
Gold Prices in UAE Decline as Dollar Strength Holds Firm
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#7e88eaf8 ver:0.36
Gold prices in the UAE declined on Wednesday as the strength of the US dollar hindered an overnight rebound. The decline in gold prices over the past two weeks was driven by dovish signals from major central banks, leading traders to favor the dollar. On March 27, the price of 24K gold dropped by AED1 per gram, falling to AED263.75 from the previous day's closing price of AED264.75. Other variants of gold also saw a decline in prices. Globally, spot gold stabilized at $2,179.98 per ounce. Traders continued to favor the dollar based on dovish signals from the Swiss National Bank and the Bank of England. Key data and comments from top officials later in the week drove flows into the dollar. Gold is expected to benefit from lower interest rates towards the end of the year. Platinum futures in...
#newstr #GoldPrices #Dollar #Uae #CentralBanks #InterestRates #PlatinumFutures #SilverFutures #CopperPrices
CMC Markets Expects Annual Operating Income to Exceed Previous Forecast
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#b1d2cc46 ver:0.29
CME Group Inc. reported fourth-quarter net income of $814.6 million, with earnings per share of $2.24. Adjusted earnings per share were $2.37, exceeding Wall Street expectations of $2.27 per share. The company's revenue for the quarter was $1.44 billion, surpassing Street forecasts of $1.43 billion. The strong earnings were driven by interest-rate products, with the U.S. Federal Reserve's interest-rate hikes in the previous year boosting CME's average daily volume (ADV) to a record-high. Interest rate ADV surged 35.8% to 13.3 million contracts in the quarter, while total ADV rose 17% to 25.5 million contracts. Clearing and transaction fees, which make up the largest chunk of CME's revenue, jumped 20.7% to $1.18 billion.
Cimpress (NASDAQ:CMPR) hit a new 52-week high during mid-day t...
#newstr #CmcMarkets #OnlineTrading #FinancialMarkets #Forecast #NetOperatingIncome