Source link The Indian military is looking to purchase 97 Tejas combat aircraft, which are manufactured by a state-owned company The Indian Ministry of Defense is planning to acquire 97 fighter jets from state-owned aerospace manufacturer Hindustan Aeronautics Limited (HAL), ANI news agency reported on Friday. The deal is worth an estimated 650 billion rupees […]
Source link Moscow has introduced tight requirements for companies wishing to divest, ensuring local buyers receive major discounts on businesses that are leaving Western companies that have left the Russian market amid sanctions have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, citing calculations based on company filings and statements. The US […]
Source link Human rights organizations have criticized the agreement in six areas, including migration The European Union (EU) has announced an aid package worth €7.4 billion ($8 billion) for Egypt, aimed at stabilizing the North African nation’s economy and reducing migrant flows to Europe. The deal was signed on Sunday in Cairo at a ceremony […]
Source link Contracts with domestic energy firms are aimed at boosting daily production in major fields of the sanctions-hit country Iran’s energy companies were granted their biggest contracts in the past decade on Sunday, as Tehran seeks to boost output at major oil fields, state media have reported. Deals worth $13 billion, aimed at developing […]
Source link US military aid to Kiev has strained its own stockpiles as the Congress-approved money pot ran dry The US Defense Department wants the Congress to allocate at least $6.5 billion to replenish its stocks, which have been depleted after two years of constant weapon deliveries to Ukraine, according to a document seen by […]
Source link The US Defense Department has delivered weapons to Kiev expecting future appropriations to cover replacements, a senior official has said The Pentagon wants the US Congress to allocate $10 billion to compensate for weapons it has delivered to Ukraine and to replenish its own stocks, American media reported on Monday citing senior officials. […]
Source link New Delhi will reduce import tariffs on goods from Iceland, Liechtenstein, Norway, and Switzerland as part of the agreement New Delhi has signed a deal with a bloc of four European nations that includes an investment of $100 billion over 15 years and the creation of 1 million jobs in India. According to […]
Source link The US tech giant has been accused of abusing its dominant position in the market for the distribution of music streaming apps The EU announced on Monday it has fined tech giant Apple €1.84 billion ($2 billion) for breaking the bloc’s competition laws. This is the company’s first ever EU antitrust penalty. According […]
Source link A $60 billion aid package for Kiev faces gridlock in Congress amid Republican opposition The US military is considering whether to draw on its last remaining funds allocated for Ukraine, even with no assurances the money will be replaced by lawmakers amid fierce debate over renewed aid, multiple officials told CNN. While the […]
Source link The Games of the Future, which kicked off in the Russian city of Kazan last Wednesday and feature a unique mix of traditional sports and cybersports, have proved as popular as the prestigious Wimbledon tennis tournament, the event organizer, Igor Stolyarov, has told media. He estimated that the competitions have already garnered a […]
Source link An arbitration court in Russia has ruled to confiscate the assets of German company Linde over its refusal to honor contract obligations to build a gas processing plant in the country in 2022. The German firm received an advance payment from a Russian company in 2021 but, after the EU launched its sanctions […]
Source link Carlsberg Group had previously announced having de-consolidated Baltika Breweries, its Russian business The financial loss sustained by Danish brewing multinational Carlsberg Group due to its exit from Russia amounted to 40.8 billion Danish krone ($5.9 billion), according to the company’s full-year 2023 earnings report released on Wednesday. Last year, the Russian authorities took […]
Source link Hungarian Prime Minister Viktor Orban has lifted his veto amid a pressure campaign from Brussels EU leaders have signed off on a €50 billion ($54 billion) package of economic aid to Ukraine, overcoming resistance from Hungarian Prime Minister Viktor Orban. The Hungarian leader accused Brussels of “blackmailing” him into accepting the deal. European […]
Source link Tesla’s shareholders signed off on the record compensation deal because they were “starry-eyed” about their “superstar” CEO, a Delaware judge has ruled A Delaware judge has voided Elon Musk’s $56 billion Tesla pay package, arguing that the company’s board of directors had failed to prove that the billionaire CEO deserved such a high […]
Source link Citizens of Ukraine in foreign countries are spending $35 million per day, the bank’s deputy head said More money is being taken out of Ukraine by its citizens than is coming into the country, data shared by the deputy head of the National Bank of Ukraine (NBU), Sergey Nikolaichukhas, revealed. The outflow of […]