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Nurses' strike in Britain will be shorter due to recent High Court judgement.
Thousands of nurses in Britain were planned to go on strike the week after next, but the High Court ruled on Thursday that their actions were illegal, giving the government a modest victory in its ongoing conflict with public sector unions.
Despite the union's claims to the contrary...
Revolutions in live sports, semiconductor processors, AVOD, and 5G are on the horizon in India, according to Deloitte's 2023 TMT Predictions.
Technology sector prediction: exciting times for India's semiconductor business
Smartphones and wearables, automotive components, and computing and data storage will push more than 60% of the Indian semiconductor market to US$55 billion by 2026, according to Deloitte. By 2030, the s...
4 out of 5 chip specialists claim that Korea is in its "biggest crisis" in a decade
According to a survey of semiconductor industry professionals conducted on Monday, South Korea's chip manufacturing sector is experiencing its worst crisis in ten years.
In a survey conducted by the advocacy group Korea Chamber of Commerce and Industry, 24 out of 30 chip specialists...
Germany claims that the EU is too reliant on Russian energy to impose an embargo
The European Union's foreign ministers divided between Monday on whether and how to impose sanctions on Russia's lucrative energy sector in response to its invasion of Ukraine, with Germany arguing that the EU was too reliant on Russian oil to impose an embargo.
The EU and its p...
CHINA’S INDUSTRIAL FIRMS MAINTAIN EXPANSION OF ITS BUSINESS IN Q1 2021
Highlights –
- China’s industrial firms maintain expansion of its business in Q1 2021.
- Major industrial firms raked in 1.83 trillion yuan in combined profits.
- In March profits of major industrial firms jumped 92.3% year on year to...
DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR
HIGHLIGHTS
- Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
- Next hearing will be on 19 AUG 2021.
In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...
INDIAN PUBLIC SECTOR CAN NOW USE GOOGLE CLOUD
HIGHLIGHTS
- Indian Public Sector can now use Google Cloud.
- The audit of Google Cloud regarding cyber security is complete.
After successfully completing an audit from the Union Ministry of Electronics and Information Technology (MeitY...
LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE
HIGHLIGHTS
- Public sector banks are planning to build and share digital infrastructure.
- Not just software, banks are likely to share the hardware used for setting up the back office and servers.
In response to the rapid digital adopti...
S. KOREA FINANCE MINISTER ANNOUNCES PUBLIC INSTITUTIONS TO HIRE MORE NEW EMPLOYEES
Highlights –
- S. Korea Finance Minister announces public institutions to hire more new employees.
- The country’s public institutions in 2021 plan to hire more than 26,000 new employees.
- The minister said that the public sector wil...
S. KOREA REPORTS THE LARGEST JOB LOSS IN DECEMBER 2020 DUE TO PANDEMIC
Highlights –
- S. Korea reports the largest job loss in December 2020 due to pandemic.
- In December 2020, the jobless rate rose 0.7 percentage point on-year to 4.1 percent.
- The unemployment rate for young adults came to 8.1 percent in De...
JAPAN GOVT. REPORTS RISE IN INDUSTRIAL OUTPUT FOR SEPTEMBER BY 4.0%
Highlights –
- Japan Govt. reports rise in industrial output for September by 4.0%.
- The seasonally adjusted index of production at factories and mines stood at 91.6.
- The ministry expects an increase in output by 4.5% in October and 1.2%...
JAPAN REPORTS STEADY RISE IN PRIVATE-SECTOR MACHINERY ORDERS IN AUGUST
Highlights –
- Japan reports steady rise in private-sector machinery orders in August.
- In August private-sector machinery orders increased by 0.2 percent from the previous month.
- Cabinet Office mentioned orders totaled to $7.1 billion....
MACHINERY ORDERS IN JAPAN DROPPED BY 7.6 PERCENT IN JUNE
Highlights –
- Machinery orders in Japan dropped by 7.6 percent in June.
- The orders totalled to $6.7 billion, lowest since February 2013.
- Orders from overseas dipped by 3.9 percent.
- Capital expenditure slid by 1.5 perc...
H-1B VISA HOLDERS MAY RETURN TO THE OLD JOBS IN THE US
Highlights:
• The Government, keeping in mind the need for resources to help the US recover has relaxed restrictions on H1B visas
• People can come back to their old employers and jobs
...
GOVT PLANNING TO BRING DOWN THE NUMBER OF PSU BANKS TO FIVE: REPORT
According to the banking and government sources, the Central Government is planning to privatise over half of its banks owned by state as part of an overhaul of the banking industry. As per a government official, the first part of the plan would be to sell majority stakes in Central Bank of India...
INDIA-CHINA CONFLICT: INDIA KEEN ON CLARIFYING CLAIM LINES AND ACTUAL CONTROL
Highlights
• Until now, China has refused to exchange maps in the western sector and has only exchanged maps for the central sector
• Even after 22 rounds of talks on the border issue, Beijing has no shown any intention to exchange maps or clarify the LAC
&...
GET READY FOR 10 NEW MERCEDES-BENZ MODELS IN 2020
Automobile sector was the first to shut down after COVID-19 pandemic started wreaking havoc. Majority of production plants owned by Auto industry giants like Mercedes, Toyota and Tata decided to halt production in order to safeguard its employees from this deadly virus. The world is still battlin...
BOSCH SAYS INDIA’S AUTO INDUSTRY WILL TAKE ATLEAST 6 YEARS TO RECOVER
Bosch is not just an automobile component manufacturer but is a brand that has been used and trusted by millions across the globe.
On Friday, the world’s largest automobile component manufacturer has stated that the Indian automobile industry may take nearly six years to recove...
THE GERMAN GOVERNMENT IS PLANNING TO RESCUE LUFTHANSA
Chancellor Angela Merkel led German government is planning to rescue the leading European airline Lufthansa by purchasing a stake of 25 percent as part of the bailout worth $9.7 billion.
This news was confirmed by Lufthansa on Thursday, as it said the company is in negotiations over a &ldq...
SPAIN: EUROPE’S LARGEST SOLAR POWER FACILITY GOES LIVE
Highlights
• This solar plant has over 1.4 million solar panels, with capacity to supply energy to 250,000 people every year
• The solar plant situated in western region of Spain will prove beneficial for the energy sector
This week Europe saw it’s bi...