USA

Amazon to team up with Hon Hai on Indian manufacturing operation
19Feb mmBy Mike TrudellNo Comments
USA, World

Amazon to team up with Hon Hai on Indian manufacturing operation

E-commerce giant Amazon.com is planning to work with Taiwan’s Hon Hai Precision Industry Co. to open its first manufacturing line in India.In a statement on Amazon Blog in India, the company said it will start manufacturing efforts in India by teaming up with contract manufacturer Cloud Network Technology, a subsidiary of Hon Hai in Chennai, to roll out its set-top box device Fire TV Stick.“The manufacturing cooperation with Hon Hai, also known as Foxconn on the global market, is scheduled to begin later this year.“The device manufacturing program will be able to produce hundreds of thousands of Fire TV Stick devices every year, catering to the demands of customers in India,” Amazon said in the statement.Amazon said the company “will continuously evaluate scaling capacity to additional mar...
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Brexit adds to airline COVID-19 woes in UK
14Feb By Desk TeamNo Comments
USA, World

Brexit adds to airline COVID-19 woes in UK

LONDON: Already grounded by the coronavirus pandemic, airlines operating in the UK are facing post-Brexit obstacles to flying across the European Union, and their shareholders are paying the price. The trade agreement reached ahead of Britain's recent formal divorce from the EU allows flights between the two to continue as before. But for airlines with fewer than 50 per cent EU-based shareholders, flights within the European Union require a new agreement by the end of 2021. "To continue being able to access these intra-European traffic rights, airlines need to demonstrate they are majority-owned and controlled by European persons," noted Bernstein analyst Daniel Roeska. No-frills airlines, such as Ryanair and EasyJet, are notably affected, with their business model based heavily on...
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Myanmar police file charges against Aung San Suu Kyi after coup
9Feb By Desk TeamNo Comments
Asia, USA, World

Myanmar police file charges against Aung San Suu Kyi after coup

Myanmar State Counsellor Aung San Suu Kyi attends the Leaders Plenary Session of the Association of Southeast Asian Nations -Australia Special Summit in Sydney on March 18, 2018. Mark Metcalfe | AFP | Getty Images Myanmar police have filed charges against ousted leader Aung San Suu Kyi for illegally importing communications equipment and she will be detained until Feb. 15 for investigations, according to a police document. The move followed a military coup on Monday and the detention of Nobel Peace laureate Suu Kyi and other civilian politicians. The takeover cut short Myanmar's long transition to democracy and drew condemnation from the United States and other Western countries. A police request to a court detailing the accusations against Suu Kyi, 75, said six walkie-talkie radios had b...
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Hong Kong imposes first lockdown due to surge in covid-19 cases
23Jan mmBy Joe RodriguezNo Comments
Asia, USA

Hong Kong imposes first lockdown due to surge in covid-19 cases

The government in Hong Kong has imposed its first COVID-19 lockdown in Jordan, a neighbourhood on the Kowloon Peninsula, after a sudden rise in the number of coronavirus cases.A statement read: The government made a “restriction-testing declaration”, which requires residents from parts of the bustling neighborhood of Jordan to stay in their premises and undergo compulsory testing arranged by the government.Residents will be required to stay at their homes until all the residents are subjected to mandatory testing, which the authorities aim to complete under the time frame of 48 hours.Thousands of Hong Kong residents are affected by the lockdown, said the government’s information office.Wong Kam-sin, Hong Kong’s Secretary for the Environment, said that the water from the pipes of several bu...
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How the $600 stimulus checks could affect your tax refund this year
12Jan By Desk TeamNo Comments
USA, World

How the $600 stimulus checks could affect your tax refund this year

Fertnig | E+ | Getty Images If you don't receive your second stimulus check in your bank account or the mail, the good news is you can claim the money when you file your tax return this spring. But beware: That doesn't necessarily mean you will automatically get the full $600 or other funds you feel are owed through the direct payments issued by the government. The reason: The recovery rebate credit by which you can claim that money will be factored into your overall tax return, including liabilities. So if you receive a credit for the $600 stimulus check, but owe $500, you will receive a payment of just $100. "If you're going to owe money, you're still going to owe money," said Janet Holtzblatt, senior fellow at the Urban-Brookings Tax Policy Center. Admittedly, some people might prefer ...
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The best brick-and-mortar savings account for banking at PNC Bank
8Dec By Desk TeamNo Comments
Market, Singapore, USA, World

The best brick-and-mortar savings account for banking at PNC Bank

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public. Traditional brick-and-mortar savings accounts can be a simple but stable solution for keeping your money secure. They mostly all earn the same interest rate, come with minimum balance requirements and monthly fees. Account holders also have access to their thousands of in-person branches and ATMs, one of the most common reasons why people opt for big banks. With approximately 2,300 branch locations and nearly 18,000 PNC and PNC Partner ATMs, PNC Bank is one of these large brick-and-mortar banks. It stands out, however, for offering a savings account option called Virtual Wallet®, which uses innovative ...
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An outsider’s look at the problems plaguing rural Japan
8Dec By Desk TeamNo Comments
Market, Singapore, USA, World

An outsider’s look at the problems plaguing rural Japan

It’s not something you typically see: a South Indian Masters graduate and former architectural designer assisting with freeze-drying traditional food items in a remote village in mountainous Yamagata Prefecture. But for Priya Mu, that’s just part of the job. Mu is a community intern for the village of Nakatsugawa (not to be confused with the town of the same name in Gifu Prefecture), named one of the 100 most beautiful villages in Japan for its unique landscape, fronting a dramatic mountain range, and well-preserved customs and culture, including snow festivals in both winter and summer. Working closely with local village leaders, Mu assists farmhouse bed-and-breakfasts to develop their nōhaku Eigo — service-industry language skills that help improve communication with foreign visitors — ...
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India’s Cabinet Secretary reviews arrangements for COVID vaccine roll-out
3Dec mmBy Joe RodriguezNo Comments
Asia, USA, World

India’s Cabinet Secretary reviews arrangements for COVID vaccine roll-out

In a high-level meeting, Cabinet Secretary of India, Rajiv Gauba asked all the states and union territories to prepare and maintain a database of the prioritized group of people to receive the COVID-19 vaccine during the initial stages.Chief Secretary of the union territory of Jammu and Kashmir, BVR Subrahmanyam, and Director General of J&K Police, Dilbag Singh along with Chief Secretaries of all the states/UTs participated in the meeting.While reviewing the public health response to COVID-19, the Cabinet Secretary said that at present, three companies are frontrunners in developing COVID-19 vaccines in India, which are currently in the third phase of clinical trials and will be shortly available for usage.He asked the States/UTs to “develop respective databases to prioritize various g...
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J&K Admin Council clears 850 MW Ratle Hydroelectric Project
30Nov mmBy Joe RodriguezNo Comments
Asia, USA

J&K Admin Council clears 850 MW Ratle Hydroelectric Project

In a significant decision, the Jammu and Kashmir (J&K) Administrative Council has approved the proposal for the development of an 850 MW Ratle Hydroelectric Project in a joint venture of the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC).“The Rs 5300 crore project would be executed by a new Joint Venture Company - Jammu Hydroelectric Power Corporation Limited to be formed between the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC),” an official statement said.“The equity contribution of JKPDC in the company pegged at Rs 776.44 crore will be provided as a grant from the government of India”, it said.The statement further said that all the clearances for the project are already in place, he...
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Bangladeshis form human chain to protest against terrorism by Pakistan on 26/11 anniversary
27Nov mmBy Joe RodriguezNo Comments
Asia, USA

Bangladeshis form human chain to protest against terrorism by Pakistan on 26/11 anniversary

On the 12th anniversary of 2008 Mumbai terror attacks, an anti-terrorism organisation in Bangladesh on Thursday formed a human chain in protest against Pakistan’s role in the 26/11 Mumbai attacks and the 2004 grenade attack in Dhaka.Participants in the human chain programme said terrorism would never be accepted on the soil of Bangladesh, adding that terrorism had no religion. Thousands of people participated in the human chain event in an effort to build a terrorism-free Bangladesh and protect human rights in the country.On November 26, 2008, ten terrorists trained by the Pakistan-based terrorist organisation Lashkar-e-Tayyiba (LeT) carried out a series of coordinated attacks against multiple targets in Mumbai including the Taj Mahal hotel, the Oberoi hotel, the Leopold Cafe, the Nariman ...
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