Business

Business & Economy

Jordan says electric link with Iraq to begin operation on Saturday

28 March 2024; MEMO: Jordan said an electricity grid inter-connection with Iraq will go into operation on Saturday, Anadolu Agency reports.

The electric line between Jordan’s Risha power station and Iraq’s Rutba station will have a capacity of 13 megawatts, Amjad Rawashdeh, head of the Jordanian National Electric Power Company, told the state news agency, Petra.

India: Procurement through govt's online marketplace GeM crosses Rs 4 lakh crore so far this fiscal

New Delhi, Mar 29 (PTI) The procurement of goods and services through government's portal GeM has crossed Rs 4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said on Friday.

The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments.

Russian veto brings an end to the UN panel that monitors North Korea nuclear sanctions

29 March 2024; UNITED NATIONS (AP) — A veto Thursday by Russia ended monitoring of U.N. sanctions against North Korea over its nuclear program, prompting Western accusations that Moscow is seeking to avoid scrutiny as it allegedly violates the sanctions to buy weapons from Pyongyang for its war in Ukraine.

Grueling conditions in Indian shrimp industry ‘dangerous and abusive’; Report

29 March 2024; AP: SAN FRANCISCO — Noriko Kuwabara was excited to try a new recipe she’d seen on social media for crispy shrimp spring rolls, so she and her husband headed to Costco’s frozen foods aisle. But when she grabbed a bag of farm-raised shrimp from the freezer and saw “Product of India,” she wrinkled her nose.

“I actually try to avoid shrimp from India,” said Kuwabara, an artist. “I hear some bad things about how it’s grown there.”

Brazil launches its third submarine under partnership with France

RIO DE JANEIRO, March 27 (Xinhua) -- Brazil launched the "Tonelero" submarine on Wednesday, the third one it has built through a partnership with France under the Submarine Development Program (ProSub).

Brazilian President Luiz Inacio Lula da Silva and French President Emmanuel Macron attended the launching ceremony held at the Itaguai port on the Rio de Janeiro coast.

Asia to continue driving global growth, development in years to come, says Kazakh president

BOAO, Hainan, March 28 (Xinhua) -- As the world economy faces various challenges calling for a new development paradigm, Asia is well positioned to continue driving global growth and development in the years to come, Kazakh President Kassym-Jomart Tokayev said here Thursday.

Addressing the opening ceremony of the Boao Forum for Asia Annual Conference 2024, Tokayev said the meeting takes place against a backdrop of unprecedented global uncertainty, fueled by geopolitical turbulence and economic upheavals, and "the outlook is not very promising."

Agricultural Bank of China sees net profit growth of 4.2 pct in 2023

BEIJING, March 28 (Xinhua) -- Agricultural Bank of China, one of the country's four big state-owned lenders, reported net profit growth of 4.2 percent in 2023.

The bank raked in 269.8 billion yuan (about 38 billion U.S. dollars) in net profit attributable to shareholders in the period, according to its annual financial report.

Its non-performing loan ratio stood at 1.33 percent at the end of 2023, down 0.04 percentage points from the end of 2022.

According to the bank, its risk offset capability remains strong, with a provision coverage rate of 303.87 percent.

China calls for solidarity, cooperation to create better future for Asia, world

BOAO, Hainan, March 28 (Xinhua) -- China's top legislator on Thursday called for solidarity and cooperation to meet challenges and work together to create a better future for Asia and the world.

Zhao Leji, chairman of the National People's Congress Standing Committee, made the remarks during a keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024, which drew more than 1,500 people from political and business circles and think tanks from more than 60 countries and regions.

Sri Lankan PM Gunawardena meets Chinese President Xi Jinping

Colombo, Mar 28 (PTI) Chinese President Xi Jinping has assured continuous support to Prime Minister Dinesh Gunawardena for Sri Lanka's efforts for “political and socio-economic progress” and also said Beijing will stand for safeguarding the island nation's territorial integrity and sovereignty.

Subscribe to Business