Category: Business

  • The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

    This post was originally published on The Asian Age | Home.

  • The world of work has changed dramatically in the past two years of pandemic. Emergency measures have sent businesses to the wall and left others unable to fill staff gaps. We have learnt overdue lessons on the value of the people who conduct the many backbreaking and thankless tasks in hospitality and tourism. But control of the commanding heights of the labour market remains with the big end of town, writes Michael Sainsbury.

    This post was originally published on Michael West Media.

  • WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the grassroots

    This post was originally published on The Asian Age | Home.

  • The Standard plan will be charged at Rs 499 per month, while Premium will be available at Rs 649 a month

    This post was originally published on The Asian Age | Home.

  • To augment their resources, banks would be encouraged to raise funds from the market

    This post was originally published on The Asian Age | Home.

  • On Dec 1 over a Zoom call that lasted less than 3 minutes, Garg abruptly fired more than 900 employees, about 9% of the company’s workforce

    This post was originally published on The Asian Age | Home.

  • The inflation trajectory is likely to be in line with our earlier projections, Das said

    This post was originally published on The Asian Age | Home.

  • The inflation projection has been retained at 5.3 per cent for the current financial year

    This post was originally published on The Asian Age | Home.

  • The report pointed out that the average national income of the Indian adult population is Rs 204,200

    This post was originally published on The Asian Age | Home.

  • The increased payments are a result of acceptance of Quick Response-based payment solutions

    This post was originally published on The Asian Age | Home.

  • The six-member rate setting panel (MPC) is meeting for three days starting Monday with the outcome being announced on Wednesday

    This post was originally published on The Asian Age | Home.

  • The decision of the rate setting panel would be announced on Wednesday

    This post was originally published on The Asian Age | Home.

  • The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

    This post was originally published on The Asian Age | Home.

  • This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements

    This post was originally published on The Asian Age | Home.

  • The official data Tuesday also showed that the economy has surpassed the pre-Covid level

    This post was originally published on The Asian Age | Home.

  • Agrawal, who was appointed to succeed Twitter founder and CEO Jack Dorsey, is 37, the same age as Meta Platform Inc. CEO Mark Zuckerberg

    This post was originally published on The Asian Age | Home.

  • Former business executive Christopher Luxon has been voted the new leader of New Zealand’s opposition National Party after main rival Simon Bridges moved to support him.

    It followed Judith Collins’ tumultuous exit as leader last week, after she summarily demoted Bridges last week.

    Shellshocked, MPs went into a hastily called caucus the next morning and cast a vote of no confidence in her. Deputy Shane Reti became interim leader and the vote for leader was set down for today.

    “It is a tremendous privilege to lead our great party, and I thank my colleagues for the confidence they have placed in me,” Luxon said in a statement shortly after the vote.

    Luxon, a former chief executive of Air New Zealand between 2012-2019, also said that he was pleased Nicola Willis had been chosen as his deputy.

    “She will do an incredible job and we will be a formidable team.”

    They face a National Party reset at a critical when New Zealand has been facing its toughest covid-19 lockdown after initially weathering the first waves of the virus last year.

    Evangelical Christian
    Luxon, who describes himself as an Evangelical Christian and has expressed his opposition to policies such as abortion and cannabis legalisation, said he had entered politics because he was a problem solver who “gets things done”.

    “I have built a career out of reversing the fortunes of under-performing companies and I’ll bring that real-world experience to this role.”


    Video: RNZ News

     

    Luxon said he and Willis would be working hard to earn back New Zealanders’ trust and confidence “and deliver for them”.

    He also promised that the party would be unified under their leadership.

    “We are the new National Party that New Zealand needs.”

    Luxon’s main rival, former leader Simon Bridges, tweeted his support for Luxon with just over an hour remaining before this afternoon’s caucus meeting where the party voted on the new leader.

    “This morning I met with Chris Luxon and had a great discussion. I am withdrawing from the leadership contest and will be backing Chris. He will make a brilliant National leader and Prime Minister,” he said.

    Few words for media
    “Luxon had few words for the media as he arrived at Parliament this afternoon.

    “Great day for the National Party, it’s really wonderful today … I’m looking forward to going to see my caucus colleagues,” he said.

    Other National MPs were saying little as they arrived at Parliament throughout the morning and early afternoon.

    Covid-19 Response spokesperson Chris Bishop, who had been raised as a possibility in initial speculation about the leadership, also backed Luxon.

    “He’s gonna make a great leader of the National Party, he’s gonna make a great prime minister, I can’t wait to serve in his team. It’s an exciting day for New Zealand, big reset moment for the National Party.”

    He said Bridges would remain in the party.

    “Simon’s gonna be a critical part of the National team going forward, he’s got undoubted political skills, I’m really looking forward to serving with him, he’s gonna make a great whatever role he gets from Christopher Luxon and National just resets now.

    Go forward together
    “We go forward together and we’re gonna change the government in two years’ time.”

    Waimakariri MP Matt Doocey said it would mean a new direction for the party.

    “I’m looking for a fresh start and a new vision for the party, and a new vision for the country. I’m looking forward to that, it’s exciting.”

    List MP Melissa Lee said she thought Luxon was “very experienced in life”.

    “He is very new but the thing is that he’s not daft. He’s a very intelligent man, I think he has led companies before and although it is actually a very different feel, that experience does speak to his life experience and I think he will make a great leader.”

    This article is republished under a community partnership agreement with RNZ.

    This post was originally published on Asia Pacific Report.

  • Pfizer, Covid, pandemic
    While rich countries like Australia are reaching 80% or more double vaccination rates, less than 5% of people in many low income countries have received COVID-19 vaccines. Millions are dying while new more infectious strains of the virus develop

    This post was originally published on Michael West Media.

  • It was introduced in 2008 by an unidentified group of programmers as a cryptocurrency as well as an electronic payment system

    This post was originally published on The Asian Age | Home.

  • We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said

    This post was originally published on The Asian Age | Home.

  • Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday

    This post was originally published on The Asian Age | Home.

  • The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020

    This post was originally published on The Asian Age | Home.

  • At present, finger prints, iris and one-time password (OTP) are used for authentication

    This post was originally published on The Asian Age | Home.

  • The announcement from Vodafone Idea comes a day after Bharti Airtel announced hiking tariffs

    This post was originally published on The Asian Age | Home.

  • Ambani, his wife and three children will have stakes in the new entity overseeing Reliance and be on its board, along with a few confidantes

    This post was originally published on The Asian Age | Home.

  • Boris Johnson stumbled through a major speech in which he lost his place in his notes, talked about a day trip to a Peppa Pig theme park and imitated a car, before insisting: “I thought it went over well.”

    “Is everything OK?”

    The prime minister’s keynote address to business leaders saw him struggle with his papers, at one point muttering “blast it” before shuffling sheets and begging the audience to “forgive me” as he tried to find the right point to resume.

    The speech to the Confederation of British Industry was an attempt to set out how pursuing green policies could help in the “moral mission” to “level up” the UK. It will likely be remembered more for Johnson’s reflections on his trip to Peppa Pig World, comparisons with Moses, a reference to Lenin, and the spectacle of a prime minister of the United Kingdom making car noises.

    Following the speech in South Shields, Johnson was asked: “Is everything OK?”

    He told ITV:

    I think that people got the vast majority of the points I wanted to make and I thought it went over well.

    Labour mocked Johnson online, saying “the joke’s not funny any more”, while Liberal Democrat leader Ed Davey said:

    Businesses are crying out for clarity. Instead, all they got was Boris Johnson rambling on about Peppa Pig.

    It is a perfect metaphor for Johnson’s chaotic, incompetent Government as it trashes our economy, but it is not worthy of a British Prime Minister.

    “Daddy pig”

    Johnson told the audience how he spent 21 November at Peppa Pig World in Hampshire, describing it as “very much my kind of place” but “they are a bit stereotypical about Daddy Pig”.

    Praising the ingenuity of the private sector, Johnson said “no Whitehall civil servant could conceivably have come up with Peppa”, which had become a £6bn global business with theme parks in the US and China. The argument has been criticised online.

    Johnson’s admiration of the fictional pig trended on Twitter for a large part of the afternoon:

    Johnson also mimicked the sound of a roaring car as he said electric vehicles, while lacking the characteristic noise of a high-powered petrol engine, “move off the lights faster than a Ferrari”.

    He additionally quoted Soviet leader Lenin as he said electrification will be the key to the new “green” industrial revolution:

    Lenin once said the communist revolution was Soviet power plus the electrification of the whole country

    The coming industrial revolution is green power plus electrification of the whole country. We are electrifying our cars, we are electrifying our rail.

    The prime minister additionally compared his 10-point plan for a green economy with the 10 commandments in the Bible. It was “a new Decalogue that I produced exactly a year ago when I came down from Sinai”, he said.

    CBI annual conference
    Prime minister Boris Johnson covering an unexpectedly broad range of topics during the CBI annual conference (Owen Humphreys/PA)

    Back-tracking

    Johnson defended his levelling-up agenda following criticism of scaled-back plans for new railways in the North and Midlands. Ministers announced last week that the eastern leg of HS2 between the Midlands and Leeds would be cut, while a promised Northern Powerhouse Rail link between Leeds and Manchester would run partly on existing tracks.

    Tony Danker, director-general of the CBI, said the decision had “upset” businesses in the north of England. Johnson defended the rail proposals, describing the Integrated Rail Plan (IRP) as “transformatory”. He also argued that achieving his goal of addressing imbalances in the UK would help it become a bigger economy than Germany, saying:

    It’s a moral thing but it’s also an economic imperative.

    The prime minister said there would still be “massive gains” by a mixture of investing in new lines and upgrading existing track. He told the conference:

    I must say that I thought, as a lesson in what happens when you tell the British people we’re investing £96 billion in the biggest railway programme for 100 years, some of the coverage was missing the point, let me put it that way.

    So, Birmingham to Newcastle is 40 minutes quicker under the IRP; from Newcastle to London will have 20 minutes shaved off because of the upgrades to the East Coast Mainline.

    You are mad as a railway enthusiast, which I am, to think that you always have to dig huge new trenches through virgin countryside and villages and housing estates in order to do high-speed rail.

    He added that chancellor Rishi Sunak wanted to cut the tax burden for businesses but the government had to be “prudent” following £407bn of pandemic spending that had been “extremely tough for the taxpayer”. The PM also announced in his speech that new laws will see new homes, supermarkets and workplaces compelled to install electric car charging points.

    The announcement on charging points is another step towards the banning of the sale of petrol and diesel cars in the UK by 2030.

    Pig World

    James Mancey, operations director at Paultons Park, where Peppa Pig World is based, said the attraction was “delighted” Johnson attended on 21 November. He said:

    The fact that Mr Johnson has chosen to speak at length about his visit during today’s CBI conference, positively endorsing the creativity and innovation showcased by Peppa Pig World and encouraging others to visit, is testament to the hard work of everyone at Paultons Park who create the wonderful experience our millions of guests enjoy each year.

    Others suggested the shambolic speech may have been an attempt to draw attention away from the multiple scandals the PM has embroiled himself in:

     

    By The Canary

    This post was originally published on The Canary.

  • On Thursday, the rupee had closed at 74.30 against the US dollar

    This post was originally published on The Asian Age | Home.

  • The entry-level tariffed voice plan has been hiked by about 25 per cent

    This post was originally published on The Asian Age | Home.

  • Inspired by the Arab Spring, Manal al-Sharif used social media to start and lead movements. In the second of two articles, the Saudi-born cybersecurity expert and human rights activist examines how her home country uses social media to crush dissent. She explains how digital rights and human rights are inextricably intertwined, and how the absence of the former is the death knell of the latter.

    This post was originally published on Michael West Media.

  • Multinational prison contractors reap billion-dollar government contracts with soaring profits throughout the pandemic while inmates and their loved ones languish through uncertainty, lockdowns and COVID-19 outbreaks. An investigation by Stephanie Tran into Australia’s privatised prisons.

    This post was originally published on Michael West Media.