Germany's status as an industrialized nation: the essentials

Compared to the prosperity of other nations, Germany's industrial sector is the primary driver of development. Fast access to the most crucial data.In 2021, industry contributed 26.6% of Germany's GDP to total value created. Those numbers compare poorly to the shares recorded in other cou...

Due to the energy crisis, Germany will subsidize electricity for small enterprises

German lawmakers are considering plans to shield consumers and businesses from high energy prices. Robert Habeck, Germany's economy minister, has unveiled a small company help program.

In response to a potential energy crisis brought on by Russia cutting off gas exports to Europe, G...

Entrepreneurs are flocking to Mexico because of a technological trend

Even though the present Covid-19 scenario has had a detrimental impact on Mexican enterprises, some organisations have decided to continue investing in research to develop software solutions to get a competitive advantage in 2022.

According to Spiceworks Ziff Davis, 66 per cent of Mexic...

CHINA PLANS TO BOOST ITS OWN BLOCKCHAIN INDUSTRY BY 2025

Highlights –

• China plans to boost its own blockchain industry by 2025.
• The country is aiming to boost the technological application and industrial development of blockchain.
• China plans to support the establishment of 3-5 backbone ent...

CHINA TO MONITOR CHALLENGES FACED BY SMEs

Highlights –

• China to monitor challenges faced by SMEs.
• China will also be permitting foreign investors to open entertainment venues.
• The ministry will step up price monitoring and work together with other government departments.
...

CHINA’S SEO’S PROFITS ROSE 240%; TRADE SURPLUS AT $34.47 BILLION IN APRIL

Highlights –

• China’s SEO’s profits rose 240%; trade surplus at $34.47 billion in April.
• The profits of centrally administered SOEs rose 160 percent year on year.
• The debt-to-asset ratio of the country's SOEs came in at...

USAID AND DFC PLEDGE 41 MILLION DOLLARS FINANCING FOR RENEWABLE ENERGY IN INDIA

HIGHLIGHTS

• USAID and DFC have announced a US $41 million loan-guarantee program for India.
• This program is meant to finance investment in renewable energy by Indian SMEs.

The United States Agency for International Development (USAID)...

S. KOREAN SME’s DESPITE THE PANDEMIC REPORTS THEIR EXPORTS TO FALL IN 2020

Highlights –

• S. Korean SME’s despite the pandemic reports their exports to fall in 2020.
• Overseas shipments totaled US$100.8 billion last year.
• In 2020, South Korean smaller companies exported $90 million worth of test kits to 1...

CHINA’S SMEs AND EER REPORTED BEING STABLE IN Q4 2020

Highlights –

• China’s SMEs and EER reported being stable in Q4 2020.
•  SMEs Development Index based on a survey was up 0.2 points in Q4.
• China’s real EER has climbed 3.79 percent to 126.13 from June to November 2020.

CONSTRUCTION OF ZOJILA TUNNEL BEGINS IN INDIA

HIGHLIGHTS

• Zojila is one of the most dangerous stretches in the world to drive a vehicle.
• The construction of Zojila tunnel is also geo-strategically sensitive.
• Construction of Zojila tunnel was a public demand from Drass, Kargil, and Ladak...

INDIAN GOVERNMENT TO WAIVE INTEREST ON INTEREST ON LOANS UP TO RS 2 BILLION

HIGHLIGHTS

• Indian government has plans to waive interest on interest on the financial loans up to Rs 2 billion during moratorium.
• People having cleared their loan dues during the moratorium between MAR 2020 and AUG 2020 will also get the benefit of th...

INDIAN MINISTER NITIN GADKARI TESTS POSITIVE FOR COVID-19

HIGHLIGHTS

• Indian Road & Transport Minister Nitin Gadkari has been tested positive for COVID-19.
• The Union Minister has isolated himself.

India's Minister of Road Transport & Highways, Micro, Small & Medium Enterprise...

HIGH HOPES ON RELIANCE RETAIL-FUTURE GROUP DEAL LIKELY TOMORROW

Highlights

• According to the reports, it is going to be an all cash deal that will see Reliance Retail taking over all the debts and liabilities of Future Group along with a minority stake I. Future Enterprises

• The estimated value of this transaction will be aroun...

UK TRESEASURY PLANS TO SET UP CORONAVIRUS TOXIC DEBT BODY

HIGHLIGHTS

• To handle £ 35 Billion of unsustainable government-backed debt, Leicester City wants state-owned recovery corporation. 
• Many businesses in Leicester have shuttered. A taskforce has suggested that British businesses that had taken...

CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS

Highlights

• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement

• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...

CAMBODIA-JAPAN BUSINESS INVESTMENT ASSOCIATION TO BOOST JOINT-VENTURES

HIGHLIGHTS

• CJBI wants to promote Cambodia-Japan business partnership with special focus on SMEs.
• Cambodia and Japan want to strengthen economic relations with each other.

The Cambodia- Japan Association for Business and Investment (C...

How the company uses IT Managed Services

Managed IT providers allow the use of these applications simpler through contracting to third party professionals the setup, installation and management process. So much so that they are used by over three-quarters of enterprises. Here's how the company uses IT-managed services, patterns and ...

SOLV accomplices with Monetago for receipt financing

SOLV, a B2B trade commercial center, is banding together with MonetaGo to digitize receipt financing focused on some 60M SME in India. The association will see SOLV influence MonetaGo's developing Anti-Fraud Network and alleviate the dangers of twofold receipt financing extortion. (SOLV has r...

LANXESS SELLS ITS STAKE TO CLOVER ALLOYS IN CHROME ORE MINE IN SOUTH AFRICA

Lanxess AG (Cologne, Germany; www.lanxess.com) sold its 74 percent stake in its Rustenburg chrome ore mine, South Africa to Clover Alloys (SA) Proprietary Ltd., a South African chrome fine ores provider. All firms reached a binding deal on November 15, 2019. The sides agreed not to reveal the val...

Finance to take a new turn in India

Finance in India is taking a new turn as the new reforms of the sector have turned the nation into a different direction as the finance minister states. Public-sector banks have sufficient liquidity and efforts are being made to ensure that due payments are released to micro, small and medium ent...