At the G7 Summit attended by Prime Minister Narendra Modi, industrialized nations pledged support for the India-Middle East-Europe Economic Corridor (IMEC) as a counter to China’s Belt and Road Initiative. After three days of talks that Prime Minister Narendra Modi attended, the industrialized nations that make up the Group of
India’s ascent in the global supply chain is evident as businesses like FedEx, Foxconn, and Apple expand operations. The nation’s favorable incentives and diverse industries make it an attractive manufacturing hub. To lower risk and improve cost and lead time flexibility, a lot of supply chain leaders are expanding their
Saudi Arabia’s termination of its 80-year petrodollar deal on June 9, 2024, may reshape global oil markets, as it considers selling oil in currencies like the Chinese yuan, impacting US economic dominance. According to media sources, Saudi Arabia has chosen not to extend its 80-year petrodollar agreement with the United
Russia’s plan to export coal to India via Iran announced during the BRICS transport ministers’ meeting at SPIEF on February 18, 2024, signals a significant geopolitical shift, challenging US influence. Russia Plans Coal Exports to India Via Iran According to ShippingNews Russia intends to ship coal via Iran to India.
G7 leaders reached an agreement to utilize frozen Russian assets as collateral for a $50 billion loan to Ukraine, with the Biden administration emphasizing that Russia will bear the repayment responsibility. Leaders of the Group of Seven (G7) met in Italy on Thursday and decided to provide Ukraine with a
According to the MIT Living Wage Calculator, Massachusetts tops the list, requiring $116,022 yearly, while West Virginia is the most affordable at $78,790. To live comfortably, a person in the top 11 most expensive states in the union must earn more than $100,000 annually. Bruno Venditti of Visual Capitalist created
In a landmark decision amidst heated debate, Tesla shareholders have greenlit Elon Musk’s unprecedented $56 billion compensation package, alongside the relocation of the company’s legal headquarters to Texas. Elon Musk announced on social media on Wednesday that Tesla shareholders were voting in favor of a $56 billion compensation package for
In a recent move indicative of his ongoing support for the Bitcoin mining industry, former President Donald Trump met with CEOs from leading US crypto mining companies, expressing his desire for the entirety of Bitcoin production to be made within the United States. Following a meeting with several CEOs from
After Russia’s invasion of Ukraine in February 2022, Western nations imposed harsh restrictions on Russian oil imports. This has led to a significant shift in global trade, with countries like China, India, and Turkey increasing their oil imports from Russia. After Russia invaded Ukraine in February 2022, there were harsh
