Gloria Blog

Militants in India’s Kashmir shot dead a police official near his home, the latest victim of killings that target government officials, teachers and civilians in the disputed region, local officials said on Saturday. “Body of Farooq Ahmad Mir, a senior police official was found in paddy fields near his home in Pampore town,” said a senior police official in Sringar, the summer capital of Jammu & Kashmir state. No militant group has claimed responsibility for the latest killing. At least 17 people have been killed by militants in Kashmir this year. India and Pakistan rule different parts of the divided Himalayan Kashmir region. India accuses Pakistan of backing the militants, but Pakistan denies this, saying that it only offers political support to fellow Muslims it believes are being suppressed by Indian security forces. READ MORE : https://english.alarabiya.net/News/world/2022/06/18/Militants-kill-Indian-police-official-in-disputed-Kashmir

The death of an Iranian Defense Ministry engineer in May 2021 was the result of “industrial sabotage” at a military site in Parchin near the capital Tehran, an Iranian Revolutionary Guards commander was quoted on Monday as saying. In his comments to the semi-official Entekhab news agency, the commander, Hassani Ahangar, did not say who was believed to be behind the sabotage.  “The martyr from the Ministry of Defense was himself not the target but was affected by an act of industrial sabotage. We must prevent such threats with artificial intelligence methods,” Ahangar was quoted by the agency as saying. “Engineer Ehsan Ghadbeigi was martyred and one of his colleagues was injured in an accident that took place in one of the Ministry of Defense’s research units at the Parchin area on May 25 [2021],” Entekhab added. READ MORE : https://english.alarabiya.net/News/middle-east/2022/06/20/Iranian-engineer-s-death-at-military-site-due-to-industrial-sabotage-Agency

As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, there’s a massive pool of oil refining capacity on the other side of the Pacific Ocean that’s sitting idle. Around a third of Chinese fuel-processing capacity is currently out of action as Asia’s largest economy struggles to put the coronavirus behind it. If tapped, the extra supply of diesel and gasoline could go a long way to cooling red-hot global fuel markets, but there’s little chance of that happening. That’s because China’s refining sector is set up mainly to serve its mammoth domestic market. The government controls how much fuel can be sent abroad via a quota system that also applies to privately owned companies. And while Beijing has allowed more shipments at times over the years, it doesn’t want to become a major oil-product exporter as that would run counter to its goal of gradually de-carbonizing the economy. “China’s absence in the export market is keenly felt in the broader regio

A 6.0-magnitude earthquake struck Monday in Taiwan’s east, 38 kilometres south of Hualien city, the US Geological Survey said. There were no immediate reports of damage or injuries.  The quake had an estimated depth of 10 kilometres, according to USGS, and struck at 9.05am local time (0105 GMT). An AFP reporter in Taipei felt shaking, and local media said the quake was felt across the island. The Taipei Metro stopped briefly when it hit, according to one passenger, before continuing at reduced speed for several stops. A second smaller tremor hit about half an hour later, according to Taiwan’s Central Weather Bureau. Read More : https://www.khaleejtimes.com/asia/strong-quake-hits-eastern-taiwan-us-geological-survey

The CUET exam is for admission to all undergraduate programs at Central Universities for the academic year. The CUET is a single exam that will allow candidates to apply for courses and to be considered for admission to multiple Central Universities. CUET Mock helps aspiring candidates to prepare accurately and confidently with the CUET Mock Test Series. CUET Mock CUET is one of the top examinations that is conducted in India. Cracking the examination like CUET is never easy, the candidate needs utmost preparation. By using the CUET Mock Test the candidates can prepare well for the examination. These mock tests have various benefits which help to get a good score in the examination. There are two types assessment tests at CUET Mock. They are CUET Mock Tests and CUET All India Tests. CUET Mock Tests sharpen your problem-solving skills and approach. This will also help you build the right exam temperament. All India Tests allow you to compare your preparation among lakhs of students. Y

An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout program, but time is short for a country just days from running out of fuel and likely months from getting any relief money. Sri Lanka is battling its worst financial crisis since independence in 1948, as decades of economic mismanagement and recent policy errors coupled with a hit from COVID-19 to tourism and remittances, shriveling foreign reserves to record lows. The island nation of 22 million people suspended payment on $12 billion debt in April. The United Nations has warned soaring inflation, a plunging currency and chronic shortages of fuel, food and medicine could spiral into a humanitarian crisis. The IMF team, visiting Colombo through June 30, will continue recent talks on what would be Sri Lanka’s 17th rescue program, the IMF said on Sunday. “We reaffirm our commitment to support Sri Lanka at this difficult time, in line with the IMF’s policies,” the global lender said in a state

China’s spring outbreak of COVID-19 continues to subside, but a single local case in Shenzhen detected on Saturday triggered mass testing and neighborhood lockdowns in some parts of the technology hub. Two cases were eventually reported for Saturday, with none on Sunday. Nationwide, China is reporting the lowest number of new cases since early February. Of its top 50 cities by economic size, none currently have widespread restrictions in place. Recent outbreaks in Beijing and Inner Mongolia look to have been brought under control. Still, targeted curbs have been imposed. In-person teaching at elementary schools in Beijing and Shanghai is still halted, and some specific residential areas are locked down. A growing outbreak in Macau, its first in eight months, has triggered more border restrictions from mainland China. Shanghai is requiring everyone in the city to get tested each weekend. Many districts in Beijing and in other cities are also requiring regular testing, especially for wor

Former Australian foreign minister Bob Carr called Monday for his country to demand the United States drop its prosecution of WikiLeaks founder Julian Assange. Britain last week approved the Australian’s extradition to the United States, where he could face life in prison over publishing secret military files. Assange’s lawyers have vowed to appeal. The long-running legal saga began in 2010 after WikiLeaks published more than 500,000 classified US documents about the wars in Iraq and Afghanistan. Assange has been held on remand at a top-security jail in southeast London since 2019 for jumping bail in a previous case accusing him of sexual assault in Sweden. That case was dropped but he was not released on grounds he was a flight risk in the US extradition case. In an op-ed for the Sydney Morning Herald, Carr argued that Assange’s prosecution stood in sharp contrast to the US pardoning former military intelligence officer Chelsea Manning, who had leaked the secret files to WikiLeaks. RE

Once named the youngest self-made billionaire in the world, Kylie Jenner now has an estimated net worth of $600 million, down from $620m in 2021, according to a new wealth index by Forbes magazine. As with many of the world's richest people, Jenner, 24, has seen her net worth shrink over the past year, driven by the Russia-Ukraine crisis, the Covid-19 pandemic and volatile stock markets. Nevertheless, she remains the youngest person on the magazine’s annual list of self-made women with an overall ranking of 41. Jenner’s wealth stems from her make-up business, Kylie Cosmetics. She sold 51 per cent of the company to multinational beauty conglomerate Coty in 2020 for $600m. At the time, the deal valued the business at $1.2 billion. Jenner earned $340m from the sale. However, filings by Coty later indicated that the size of the business was smaller and less profitable than previously estimated, Forbes reported in 2020, when it revised down her net worth to less than $900m. In 2020, s

The National Central Cooling Company, better known as Tabreed, is bullish about growth in India and is looking at acquisitions and greenfield projects to expand in Asia’s third largest economy. Last year, Tabreed formed a new holding company with the World Bank’s International Finance Corporation (IFC) to invest up to $400 million in the next five years to expand in India. As part of the agreement, Tabreed India, currently a wholly owned unit of Tabreed, will be transferred to a new holding company established in Singapore, in which Tabreed will hold a 75 per cent stake and IFC 25 per cent. The partners are targeting a portfolio of more than 100,000 refrigeration tonnes of cooling capacity by 2026 as they aim to serve industrial, commercial and retail developments in the country. India, the world's second most populous country, is “a huge market that potential is beyond what we expected in initial stages”, Khalid Al Marzooqi, chief executive of Tabreed, told The National in an int

Shyam Maheshwari SSG serves as Chief Executive Officer, Founder and Partner of SSG Capital Management (Singapore) Pte. Limited, and is primarily responsible for SSG’s investment activities in India. He has 17 years of experience in the deal sourcing, analysis and investing industry. Previously, Mr Maheshwari served as a Senior Member of the Lehman Brothers Asia Special Situations Group primarily responsible for making principal investments in India, where he oversaw the efforts to build the India business and initiated pan-Asian ventures in mining and power assets with a focus on Indonesia. He initially joined Lehman Brothers in 1999 as a Credit Analyst in the Asia Credit Research team and later moved to Credit Trading in early 2005. He served as Fixed Income Analyst of Barclays Capital, Research Division. He worked at Barclays PLC, Research Division. He was a Credit Analyst of Lehman Brothers Holdings, Inc. from 1999 until 2005. He has been a Non-Executive Director of Future Supply C

Abu Dhabi-based deep technology startup founded by an Emirati has won a top honour in Europe. Manhat, a startup that produces fresh water out of the sea, has bagged the prestigious Water Europe Innovations 2022 SMEs Award. Presenting the award to the startup’s founder Dr Saeed Alhassan, Water Europe noted the recognition is for Manhat’s “sustainable water and floating farm solution”. By using the natural water distillation technology, their innovative device has been able to “produce water sustainability from open water surfaces for irrigation use,” underlined Water Europe, which was established by the European Commission as the European technology platform for water. Manhat’s novel technique is to trap evaporated vapour from open water areas. The water vapour formed then condenses to form water droplets and is collected. The process doesn’t require any electricity and has zero CO2 emissions. This water can immediately be used for irrigating crops on floating farms. Read More : https:

Elon Musk's first open discussion with staff at Twitter, following his signing of a $44 billion deal to take over the social media company, hinted at potential changes to come under his management. A video recording of the meeting, in which the billionaire businessman appeared to be hosting the link from a kitchen, has been posted across the internet. Here are five of the main things that he touched upon: Views on freedom of speech Mr Musk has already said he will reverse Twitter’s permanent ban on former US president Donald Trump if his acquisition of the social media platform is successfully completed. Banning Mr Trump from the platform last year was a “mistake” and a “morally bad decision”, he said. Mr Musk said his offer to buy Twitter came after frequent complaints about content censorship and a lack of free speech on the site. Read More : https://www.thenationalnews.com/business/technology/2022/06/17/elon-musks-meeting-with-twitter-staff-five-things-we-learnt/

UK Home Secretary Priti Patel has signed an order to extradite Julian Assange to the US to face espionage charges. The Wikileaks founder has been at the centre of a protracted legal fight for more than a decade. Next week marks 10 years since he took refuge at the Ecuadorian Embassy in London to avoid being extradited to the United States. A Home Office spokesperson said: “Under the Extradition Act 2003, the Secretary of State must sign an extradition order if there are no grounds to prohibit the order being made. Extradition requests are only sent to the Home Secretary once a judge decides it can proceed after considering various aspects of the case. “On 17 June, following consideration by both the Magistrates Court and High Court, the extradition of Mr Julian Assange to the US was ordered. Mr Assange retains the normal 14-day right to appeal. “In this case, the UK courts have not found that it would be oppressive, unjust or an abuse of process to extradite Mr Assange. Read More : ht

About 49 per cent of companies in the UAE are budgeting for higher salaries during their annual pay reviews this year, as inflation increases the cost of living globally, according to a new report. Sixty-eight per cent of organisations in the Emirates said they conduct a annual pay review, according to professional services company Aon, which surveyed 150 companies across all industries in the country in the first two weeks of June.  Companies that participated in the survey included the Prime Minister's Office, Majid Al Futtaim, Abu Dhabi Investment Authority, Abu Dhabi Global Market, DP World, Beeah Group, Mubadala, Mondelez, Microsoft and Airbus, among others. The actual and budgeted amount for regular pay increases for a majority of companies in the UAE ranges from 2 per cent to 6 per cent, the survey revealed. Read More : https://www.thenationalnews.com/business/money/2022/06/17/uae-jobs-49-of-companies-budget-for-higher-salaries/

Major members of the World Trade Organization reached an initial deal on Thursday, winning over India which said it was confident more global accords could be achieved as negotiations on fishing, vaccines and food security entered their final hours. Ministers from more than 100 countries convened at the global trade watchdog’s headquarters in Geneva this week for the first time in more than four years to agree new trade rules, a feat many thought unlikely in an era of high geopolitical tensions. Read more : https://english.alarabiya.net/business/economy/2022/06/16/World-Trade-Organization-reaches-initial-deal-as-India-s-defiance-tempered

Gas flows to France from Germany have been at a halt since June 15, France’s pipeline operator GRTgaz said on Friday, citing the effects of reduced Russian deliveries. “GRTgaz remains vigilant for the coming winter and calls on shippers to continue to fill their national storage facilities as much as possible,” the grid operator, a unit of France’s main gas supplier Engie, said in a statement. “Since June 15, GRTgaz has noted a halt in the physical flow between France and Germany. This flow was around 60 GWh/d (gigawatt hours per day) at the beginning of 2022, which is only 10 percent of the capacity of the interconnection point,” it said. Read More : https://english.alarabiya.net/business/energy/2022/06/17/Gas-flows-from-Germany-to-France-have-halted-pipeline-operator-says

A Tesla Inc. investor accused the electric-vehicle maker’s officers and directors in a lawsuit of allowing a “toxic workplace culture to fester at the company.” Chief Executive Officer Elon Musk and others who run the world’s largest electric-vehicle maker breached their fiduciary duty by fostering an environment of discrimination and harassment, exposing Tesla to millions of dollars in potential liability, according to the complaint filed Thursday by stockholder Solomon Chau in federal court in Austin, Texas. “This toxic work environment has gestated internally for years, and only recently has the truth about Tesla’s culture emerged, leading to legal action from government regulators and private parties alike,” Chau said in the complaint. Read More : https://english.alarabiya.net/News/world/2022/06/17/Musk-hit-with-Tesla-investor-suit-over-toxic-work-culture

Protesters in India threw stones at police and set fire to train coaches on Friday as demonstrations against a new military recruitment process raged for a second day, police said. Prime Minister Narendra Modi's government announced this week an overhaul of the recruitment process for the 1.38 million-strong armed forces, aiming to bring in more people on short, four-year contracts to lower the average age of personnel. But many potential recruits object, saying they should be allowed to serve longer than four years. Opposition parties and some members of Modi's ruling Bharatiya Janata Party say the system will lead to more unemployment in a country grappling with joblessness. Police fired shots in the air on Thursday to push back stone-throwing crowds in the northern sate of Haryana. Protesters gathered again on Friday, torching train coaches in at least two stations in the eastern state of Bihar and disrupted rail services, police said. Read More : https://english.alarabiya.

A special CBI court, in a recent order, rejected a plea by Yes Bank founder Rana Kapoor’s daughter Roshini – an accused in the Yes Bank fraud case linked to DHFL – seeking permission to travel to the USA for 21 days. In her application filed before the special court last month, Roshini had submitted that she wished to visit her relatives who live in New Jersey, USA, “to re-establish family ties”. She also said that she wanted to attend her cousin’s wedding. Rana Kapoor The CBI, however, opposed the plea stating that Roshini was facing serious charges pertaining to an alleged fraud running into crores of rupees. The central agency pointed out that her discharge application was pending before the court. The CBI prosecutor also submitted that a number of high-profile economic offenders had fled the country to evade the process of law. Roshini is an accused in the alleged fraud case filed by the CBI against Kapoor and others. Her bail plea was rejected by the sessions court and the Bombay

Two people were killed and one was wounded in a shooting at a church in the US state of Alabama on Thursday. The incident took place at the St Stephen's Episcopal Church in the town of Vestavia Hills, AFP reported. A suspect was taken into custody, police said. The shooting took place during a potluck dinner at the church. A lone gunman entered the church and started shooting, police said. Three people were hit. Two died and the third was being treated. Read More : https://www.thenationalnews.com/world/the-americas/2022/06/17/two-killed-and-one-wounded-in-shooting-at-church-in-alabama/

Usha Martin is one of the world’s leading manufacturers of wire rope. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. The wire rope manufacturing facilities located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce one of the widest ranges of wire ropes in the world. The infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products. Our Global R&D centre located in Italy is actively engaged in designing wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Long-standing application in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of their expertise in manufacturing high-quality wire rope products. As a business entity, they have always focused on delivering value-

A Yemeni journalist was killed when his car exploded while he was driving in the southern port city of Aden, an official said Thursday, the latest such attack in the seat of Yemen’s internationally recognized government. Information Minister Moammar al-Iryani said an improvised explosive device had been planted in the car of Saber al-Haidari, an employee with the ministry who also worked for Japan’s NHK television network. It exploded late Wednesday, killing him. He said in a series of posts on Twitter that al-Haidari had fled the capital, Sanaa, in 2017 due to increasing restrictions by the Iran-backed Houthi militia who hold the city. No group claimed responsibility immediately for the attack. The coastal city of Aden has been rocked by several explosions in recent years that were blamed on local affiliates of the al-Qaida and ISIS militant groups. The Houthis have also attacked the city, including with ballistic missiles and explosives-laden drones. READ MORE : https://english.alar

Ritesh Agarwal was born to a business family on16 November 1993 in Bissam Cuttack, in Odisha state, India and brought up in Titilagarh. Ritesh Agarwal is the CEO and founder of OYO Rooms . Ritesh attended the Sacred Heart School in Raygada, Orissa. Ritesh completed his school from St. Johns Senior Secondary School. He moved to Delhi for college in 2011 and with strong intentions of starting up something of his own. He dropped out of college to pursue his dream of becoming an entrepreneur. Agarwal joined the University of London’s course at Indian Business School. At the age of 13, Agarwal started selling SIM cards. Ritesh was the winners of the Thiel Fellowship program 2013, a 2-year program initiated by Peter Theil, PayPal Founder and an early investor in Facebook. Ritesh received a grant of $100,000. Agarwal was the first Asian to have obtained Thiel Fellowship. Agarwal started his entrepreneurial journey when he was 17 years old. Ritesh started Oravel Stays, a budget accommodation

In line with the US Federal Reserve's move, the Central Bank of the UAE raised its base rate by 75 basis points, effective from Thursday, 16 June 2022. Major central banks of emerging and developed markets raised interest rates in 2021 and initiated the same practice this year to contain inflation, which surged to multi-decade highs in the US and other major economies of the world. Here's all you need to know about what effect the hike will have in the Emirates. How will the UAE Central Bank's move impact consumers? The interest rate hike will be reflected in equated monthly instalments (EMIs) on home, vehicle and other personal and corporate loans. Consumers will have to pay higher EMIs, as higher rates will make it more expensive to buy a home/car or carry a credit card balance. Read More : https://www.khaleejtimes.com/personal-finance/uae-central-bank-increases-interest-rate-how-it-will-impact-consumers

The driver of a minibus involved in a Dubai accident in which two passengers died and nine others were injured has been cleared of all charges, after a court ruled the incident was beyond his control. The vehicle's front tyre burst, causing it to veer from its lane and hit a concrete barrier on Sheikh Zayed Road, on July 12, 2020. Witnesses said the minibus — which was carrying 11 passengers — flipped on its side and was engulfed in flames under Al Manara Bridge. The Pakistani driver was arrested and charged with causing two wrongful deaths and injuries to nine passengers from India, Italy, Philippines, Egypt, Kurdistan, Morocco, and Kenya. Initial reports had stated 12 people were injured in the crash, but court records clarified nine were hurt. Prosecutors said at the time the driver had lost control of the vehicle due to carelessness and not paying attention on the road. The Dubai Traffic Court convicted the man of the charges and sentenced him to a suspended three-month jail te

Pakistan's Federal Minister for Planning and Development Ahsan Iqbal has urged the public to cut down on their tea consumption to reduce the country's import bill. "I appeal to the nation to reduce tea intake by one or two cups daily because we borrow money for tea import as well," Iqbal said while addressing the media on Tuesday. He also asked the larger public to support government efforts to lift the country out of the economic stall it is in. Iqbal also appealed to the business community shut markets by 8.30pm to reduce electricity costs. To prevent a looming default, the Pakistani government banned the import of 41 items in May. The decision lowered imports of cars, mobile phones, cosmetics, cigarettes, food products, certain garments and toiletries. However, the measure seems to not be enough, as it would only curtail the import bill by less than 5%, or less than $600 million. Read More : https://www.khaleejtimes.com/asia/pakistan-minister-urges-public-to-drink

Smack-bang in the middle of the City sits the Bank of England. The Old Lady of Thread needle Street, as the place is affectionately known, is a reassuring presence, its thick walls and imposing grandeur oozing power and control. The vast Bank building is an unashamed throwback, a reminder of how things were. Of the once great City institutions, only Lloyd’s of London is still in situ. Its corner, though, is all steel and glass, and for how long it remains even there is up for consideration. The rest, the various exchanges and the main regulators, the traditional pillars, have all downsized or relocated out of the Square Mile. The privilege of working in the huge, famous edifice is not all that it was, measured at least by the fact the daily roll call would not even get up to half full. At a time of great and growing crisis, not to mention market turmoil, the Bank of England, the central bank, responsible for ensuring the UK has financial and monetary stability, is largely in work from

When British officials first travelled to Rwanda to discuss an agreement to send some migrants who arrive in the UK as stowaways to the African country, the issue of legal challenges was top of the agenda. Not only was London prepared to grant certain undertakings to Rwanda, it also needed to ensure the set-up on the ground — particularly around the treatment of those deported, the options granted to those people by Rwandan authorities and the process around resettlement — would convince the courts that deportees' rights were not being infringed. The British courts have not yet made a ruling on these issues but judges have refused to stop the deportation flights, finding the government had done its groundwork and would abide by any later rulings. Read More : https://www.thenationalnews.com/world/uk-news/2022/06/15/clash-on-unhcr-at-heart-of-european-ruling-on-uk-rwanda-deportations/

The Microsoft browser was first released in 1995 during an era of dial-up modems and well before the launch of smartphones and iPads. It was offered with the technology company’s Windows operating system that came pre-installed in millions of computers. In the early 1990s, its market share was at more than 90 per cent but faster rivals such as Google Chrome and Firefox moved in and gradually took over. In May, Chrome accounted for 65 per cent of the market compared to Safari's 19 per cent and Mozilla Firefox's 3.26 per cent, according to data from Statcounter. Meanwhile, Internet Explorer accounted for only 0.64 per cent, the same percentage as in 2021. Microsoft confirmed last year that Internet Explorer 11 — the latest version — “will be retired and go out of support on June 15, 2022, for certain versions of Windows 10". Read More : https://www.thenationalnews.com/business/technology/2022/06/15/goodbye-internet-explorer-microsoft-retires-the-once-dominant-browser/

Afghanistan is the world's most dangerous country for the fifth consecutive year, but it is Ukraine which has recorded the largest deterioration in the Global Peace Index 2022. Since Russian troops invaded the Eastern European country in February, it has fallen 17 places, to 153, in terms of its peacefulness. Russia has also taken a hit, falling five places to 160 out of 163 countries. Both nations received a "very low" rating in the annual report. Iceland was ranked number one, a position it has held since the inception of the index in 2008. The five countries with the largest deteriorations were Ukraine, Guinea, Burkina Faso, Russia and Haiti, while the five countries that improved the most were Libya, Egypt, Saudi Arabia, the Philippines and Algeria. Europe is the most peaceful region in the world, where seven of the ten safest countries are located. Eight countries that appeared among the highest rankings in last year’s report remained among the top 10 again this year

The Central Bank of the UAE (CBUAE) on Tuesday imposed administrative and financial sanctions on a finance company operating in the UAE for not adhering to the rules and regulations of the regulator. The apex bank said it imposed a fine on the finance company on May 18, for failure to submit its audited financial statements by the deadline, and failure to abide by its guidelines. However, it didn’t disclose the name of the company and the amount of fine imposed on it. In addition, the company failed to comply with the Consumer Protection Regulations and Complaint Management System rulebook and the Central Bank instructed the company to remedy its shortcomings within a month of the notification. Read More : https://www.khaleejtimes.com/banking-in-uae/uae-central-bank-fines-financial-firm-for-violating-laws

Ever since the inception of Usha Martin Limited, Rajeev Jhawar and his team have been working for the overall development of the community in the areas of resource management, health and sanitation, education, women empowerment and sustainable livelihood. The parallel development of the company and the community has helped Usha Martin achieve a sustainable and resilient growth. The company’s commitment to its responsibilities towards society over the years has never been confined to the requirements of any statute. Rajeev Jhawar Usha Martin Usha Martin Limited has taken appropriate initiatives to address global environmental issues, climate change, global warming by use of liquefied petroleum gas and biomass briquette as greener source of energy and also usage of energy efficient LED bulbs and motors. Rajeev Jhawar focuses on the continual development of the company by building a sustainable value-accretive business. Usha Martin is on its way to become the global leader in wire rope

The UK economy contracted for the second month in a row in April, falling by 0.3 per cent, official figures showed on Monday. It added to fears of a slowdown three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation. All three main sectors suffered a fall in output for the first time since January 2021, the Office for National Statistics (ONS) said. April’s drop in gross domestic product (GDP) was also the biggest contraction since January 2021 and follows a fall of 0.1 per cent in March. However, households showed signs of resilience despite higher inflation. Consumer-facing industries expanded 2.6 per cent in the month, led by a strong rise in retail sales. Read More : https://www.thenationalnews.com/world/uk-news/2022/06/13/uk-economy-shrinks-03-as-covid-testing-ends/

A new fractional ownership business centred on fancy coloured diamonds will offer retail investors a rare chance to begin investing in the pricy gemstones. Luxus, founded by hedge fund expert Dana Auslander and fashion journalist Gretchen Gunlocke Fenton, made its debut recently with a first offering of a .54 carat fancy pink diamond. The company aims to give retail investors the chance to buy a sliver of the stone, starting at 0.1 per cent, with the opportunity to participate in a market normally out of reach for those who do not have millions to invest. The idea is that the special diamonds, which have been steadily gaining value, will offer potential returns as investments. But, as with many such fractional ownership enterprises, retail investors will have no access to the stone or influence over how or when it might be resold — and returns realised. Read More : https://www.thenationalnews.com/business/money/2022/06/10/how-to-invest-in-a-fraction-of-a-diamond/