Indian flag and Chinese flag displayed on screen.Anadolu | Anadolu | Getty ImagesIndia’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China.”India is not going to join the RCEP because neither did it reflect the guiding principles on which ASEAN was started, nor is it in the nation’s interest to do a free trade agreement with China,” India’s Minister of Commerce and Industry Piyush Goyal told CNBC’s Tanvir Gill in an interview.The RCEP…
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Credit: Pixabay/CC0 Public Domain Climate scientists have all kinds of language to discuss their scientific theories. But when it comes to values and justice, scientific language is less helpful. This matters, because when scientists claim a climate policy or scenario is “just,” they sometimes can’t or don’t explain what they actually mean. This leads to confusion. Consider by how much a given country should cut its emissions. If I say a plan is fair and you say it’s unfair, but we don’t have an explanation of what our underlying assumptions are, we’ll just end up talking past each other. Scientists…
Company OverviewWalmart Inc. (NYSE:), a leading multinational retail corporation, operates a chain of hypermarkets, discount department stores, and grocery stores. Serving millions of customers weekly, Walmart is renowned for its commitment to low prices and a broad product range. The company has made significant investments over nearly a decade to transform its digital and physical shopping experiences, positioning itself as a key player in the retail industry. Walmart’s continuous innovation and focus on higher-margin businesses such as advertising, technology, and its Walmart Fulfillment Service are indicative of its strategic direction. Market Performance and Analyst RatingsWalmart’s stock has demonstrated resilience amid…
(Reuters) -U.S.-based asset management company Apollo Global Management (NYSE:) has offered to make an investment of as much as $5 billion in Intel (NASDAQ:), Bloomberg News reported on Sunday. Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said, citing a person familiar with the matter. The news comes at a moment of weakness for Intel, which was once the most valuable chipmaker in the world, but whose shares have lost nearly 60% of their value since the start of the year. Intel executives have been…
Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy. The alternative asset manager has indicated in recent days it would be willing to make an equity-like investment of as much as $5 billion in Intel, said one of the people, who asked not to be identified discussing confidential information. Intel executives have been weighing Apollo’s proposal, the people said. Nothing has been finalized, the size of the potential investment could change and discussions…
Dave Ramsey Tells 29-Year-Old $1M In Debt And Spending Like She’s In Congress: ‘I’m Getting Ready To Destroy Your Life As You Know It’Many people in their 20s deal with credit card debt or student loans, sometimes thinking they’ll figure it out later. But what happens when that debt piles up to nearly a million dollars? That’s the reality a 29-year-old named Channing from Washington D.C. faced during an episode of The Dave Ramsey Show.Don’t Miss:Channing and her husband were grappling with nearly $1 million in debt, a number that had Ramsey quickly diving into tough-love mode. Sure, he’s seen…
By Bharath Rajeswaran BENGALURU (Reuters) -India’s NSE Nifty 50 and S&P are trailing only Wall Street’s Nasdaq and as top-performing indexes this year, with analysts expecting the rally to extend into 2025. The Nifty and Sensex have gained 18.7% and 17% respectively in 2024, securing the third and fourth spots among major global bourses. The Nasdaq and S&P have added approximately 22% and 20.5%, slightly ahead of the Indian benchmarks. 225 and follow India, rising 13% and 12%, respectively. Earlier this week, India’s weightage in a key MSCI index topped China for the first time. “We expect the Fed rate…
This article explores the dynamics of angel investing through the lens of celebrated mathematical theories of self-organized criticality (SOC) and fractal behavior. Return distributions from AngelList data highlight the presence of power law returns. This has significant implications for portfolio construction, investment strategies, and diversification; notably, the potential for significant contributions from a handful of angel investments. Angel investing, known for its potential for extraordinary returns, mirrors natural phenomena characterized by SOC and fractal behavior. This exploration draws parallels to patterns and phenomena observed in nature like earthquakes, avalanches, and brain synapses. Understanding these dynamics will provide unique insights and…
(Reuters) – Citigroup’s expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up a standalone securities firm because it hasn’t yet received a clearance letter from the U.S. Fed verifying its regulatory standing, which is required by Chinese authorities, Bloomberg said. Citi was instructed to resolve its data management problems at home, after being hit with a combined $136 million in fines in July, the report said. The fines…
Three years ago, the London-based International Council on Mining and Metals announced a bold commitment: the world’s 28 largest mining companies pledged to achieve net-zero carbon emissions by 2050. This… Source link