Over 400,000 new jobs were created by 163 Indian firms that invested $40 billion in the United States.

According to a survey, more than USD 40 billion in investments from 163 Indian companies have spawned roughly 425,000 new jobs in the United States. The Confederation of Indian Industry (CII) survey titled "Indian Roots, American Soil" was released on Wednesday by India's Ambassador...

Biden desires a $886 billion defence budget with a view toward Ukraine and future conflicts.

UNITED STATES OF AMERICA, March 13 (Reuters) Russia's war in Ukraine has prompted calls for increased spending on munitions, and President Joe Biden has requested $886 billion, the largest peacetime U.S. military budget. This proposal includes a 5.2% pay raise for troops and the largest alloc...

Amgen intends to issue a massive bond to help finance the $28 billion Horizon Therapeutics acquisition.

According to the company and deal documents, Amgen Inc. started talks with investors on Tuesday about a possible jumbo bond deal to help finance its $28 billion acquisition of Dublin-based Horizon Therapeutics.

In December, Amgen AMGN, +2.69% and Horizon HZNP, +0.28% announced plans for...

A 40% increase in H&M's investment will keep the company's teams busy in 2023, when they will be working on a number of new projects

With revenues up 6% to €19.9 billion but net profit down by two-thirds, the H&M firm recently released mixed results for fiscal 2022 and revealed its strategy for the current year. H&M has decided to take the first step toward this goal by considerably increasing its investment spend...

There is a $700 billion price tag attached to helping K-12 students get back on track academically

To assist the public school system in the United States in recovering from the coronavirus pandemic, the federal government gave $190 billion in emergency funds. However, recent studies suggest that the expense of overcoming academic obstacles could be more than $700 billion.

Associate ...

Germany's power bill subsidies will total €13 billion

The monies, according to Economy Minister Robert Habeck, will assist in covering costs for firms and consumers. The billions won't stop energy transmission corporations from hiking costs, though.

On Wednesday, German Economy Minister Robert Habeck announced that Berlin would pay the...

Healthcare & Climate Bill of $739 Billion Passed

The Democratic spending package on climate change and healthcare was approved by the Senate on Sunday, moving Joe Biden one step closer to a huge legislative triumph ahead of the important midterm elections in November. The midterm elections will take place in November. From this point on, the Ho...

One Medical, a healthcare provider, will be acquired by Amazon for $3.9 billion in cash

Amazon announced on Thursday that it has reached an agreement to buy primary healthcare provider One Medical for an estimated $3.9 billion in cash, furthering its foray into the industry.

With a rising interest in healthcare services, the US-based e-commerce behemoth has been seeking to...

Kremlin Decides to Cut Spending by 24 Billion Euros As it Continues to Face Western Sanctions

The Kremlin is set to cut its future spending plans by 24 billion Euros as sanctions from the West continue to hit Russia. The Russian media has claimed that the country will be cutting its defense, transport, and technology budgets in the future.

Over 1.6 trillion Rubles have been redu...

In a $6 billion investment package, the UAE will build a red sea port in Sudan

The package, according to Abdellatif, includes a free trade zone, a significant agricultural project, and an impending $300 million deposit to Sudan's central bank—the first such deposit since a military takeover in October.

Following the coup, Western donors cut off billions ...

Ant Group, owned by billionaire Jack Ma, has launched a digital bank

In Singapore, the fintech behemoth said that its wholly-owned and Singapore-based subsidiary ANEXT Bank will provide financial services to small and medium-sized businesses in the region, with an emphasis on those with cross-border activities. The company, which is led by former DBS CEO Toh Su Me...

The EU has unveiled a $220 billion strategy to abandon Russian energy

The European Commission has announced a 210 billion euro ($220 billion) plan to wean Europe off Russian fossil fuels in five years and accelerate its transition to renewable energy.

The decision comes as the EU rethinks its energy policies in the wake of Russia's invasion of Ukraine...

Dyson launches a new worldwide headquarters and plans to invest SGD1.5 billion in Singapore operations

Dyson will spend SGD1.5 billion in its Singapore operations over the next four years, the firm revealed on Friday during the formal launch of its new global headquarters at St James Power Station.

"The tremendous innovation and passion of the young Singaporean engineers and scienti...

Squadron Energy, an Australian energy company, is planning a $2.2 billion renewable energy project

Squadron Energy, an Australian energy company, wants to invest A$3 billion ($2.15 billion) in a wind, solar photovoltaic (PV), and battery project in Queensland.

The project's nameplate capacity will be greater than 1,000MW. It will be around 150 kilometres south of Mackay, Queensla...

Germany Refuses 5 billion Dollar Chip Deal with Taiwanese Firm

A Taiwanese firm, Global Wafers, that manufactures silicon wafers for computer chips shall no longer go ahead with its plans of purchasing the rivaling Siltronic, a Munich-headquartered firm, as German policymakers refuse to approve the deal in time.

The deal collapsed on Monday as the ...

UAE Announces its Industrial Exports Reach 120 billion Dirhams

The industrial sector of the United Arab Emirates has been flourishing with increased growth and development. The Ministry of Industry and Advanced Technology has observed a historic rise in the country’s industrial exports that have totaled to approximately 120 billion Dirhams in 2021.

India successfully carries out 1 billion vaccinations

Health Minister Mansukh Mandaviya tweeted about this at 9:48 AM today morning. He congratulated India on achieving this milestone and said that this was a result of the leadership of the Indian Prime Minister Narendra Modi.

Highlights

• India administers...

Business tycoons Ambani and Adani to invest in green energy

Highlights

• Mukesh Ambani and Gautam Adani in race to be world leaders in renewable energy
• Adani group is planning to investing US$20 billion in renewable power

Business tycoons and billionaires Mukesh Ambani and Gautam Adani going he...

Chinese Billionaire sentenced for 18 years

Chinese billionaire Sun Dawu, sentenced to 18 years of jail, on Wednesday. Sun was arrested in March this year. He owns a company called Hebei Dawu Agricultural and Animal Husbandry Group.

Sun is a critic of the ruling communist Party. His company works in food production, poultry proce...

GIM SEONG-GON: SOUTH KOREA’S FIRST GREEN ENERGY BILLIONAIRE

Highlights: 

• Gim Seong-Gon is the first person to join the list of Korea’s 50 richest based on his work in green energy.
• He debuts on the list after shares of his CS wind quintupled over the past year. 
• Gim Seong-Gon has a n...