Lebanon devalues its currency by 90 percent, market rate is much lower
According to central bank governor Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1. This represents a…
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Outstanding operational performance by Etihad Cargo in 2022
Etihad Cargo, Etihad Aviation Group's cargo and logistics arm, exceeded its operational performance targets in 2022. In freighter departures, the carrier…
Indian FM presents $550 billion progressive and inclusive Union Budget
Indian Finance Minister Nirmala Sitharaman presented a $550 billion progressive and inclusive Union Budget for 2023-24 today. According to her, Indian economics…
Vietnam-India bilateral trade reached record levels in 2022
There was a 13.6% yearly increase in two-way trade between Vietnam and India in 2022, according to statistics from the General Department of Customs, which were…
Philips cuts 13 percent of jobs in a safety and profitability drive
In order to restore its profitability and improve the safety of its products, the Dutch health technology company Philips will cut another 6,000 jobs globally.…
German-Australian hydrogen supply chain investment of $90 million
Australian Minister for Climate Change and Energy Chris Bowen announced Friday that Australia and Germany have committed A$50 million ($35.5 million) and 50…
Global growth will slow to 1.9 percent in 2023, warn UN economists
UN economists warned that intersecting crises will further damage the global economy, causing growth to slow from three percent in 2022 to 1.9 percent this…
Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion
Abdel Fattah El-Sisi, president of Egypt, met Prime Minister Narendra Modi today in New Delhi. During this visit, India and Egypt exchanged MoUs on cyber…
Google is planning to lay off 12,000 employees
In an email sent to Google's staff on Friday, Sundar Pichai announced the company would lay off 12,000 employees. The move follows the layoff of 28,000…
India signs a train deal worth 3 billion euros with Siemens
In the largest locomotive deal in Siemens' history, the German engineering company reported on Monday that it had signed a contract with the Indian government.…