Business

SINGAPORE, Nov. 19 (Xinhua) -- At an economic forum on Thursday, former U.S. Secretary of the Treasury Henry Paulson rebutted the voice calling for financially decoupling the United States from China, saying such a move is not in American interests.

"Wholesale financial decoupling is impossible, and partial decoupling is likely to make the U.S., China and the world more susceptible to financial crises," Paulson said at the Bloomberg New Economy Forum held in Singapore, according to The Straits Times.

19 Nov 2021; MEMO: Some 157 UN member states yesterday voted in favor of a resolution affirming Palestinian sovereignty over their natural resources.

Seven countries – Canada, Israel, Marshall Islands, Federated States of Micronesia, Nauru, Palau and the United States – voted against the motion, with 14 abstentions.

New Delhi, Nov 19 (PTI) Prime Minister Narendra Modi on Friday announced that the government has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year, and appealed to the protesting farmers to return home.

Addressing the nation on the auspicious occasion of Guru Nanak Jayanti, Modi insisted that the laws were in the benefit of farmers and then apologised to people of the country while adding that the government could not convince a section of farmers despite its clear heart and clean conscience.

18 Nov 2021; MEMO: The Iraqi Ministry of Water Resources yesterday warned Turkey that its plan to build a new dam on the Tigris River would affect Iraq's share of the river's waters.

Ministry spokesperson, Ali Radi, said Turkish authorities had been contacted via the Foreign Affairs Ministry to warn them of the new project's impact on Baghdad's share of the river's water in terms of quantity and quality.

Amaravati, Nov 16 (PTI) The Andhra Pradesh government is seeking to take back close to 750 acres of land it allotted to NTPC-BHEL Power Projects Private Ltd (NBPPL) at Mannavaram village in Chittoor district as the joint venture company is on the verge of winding up its business.

This apart, the state government is also listing out lands given at concessional rates to various other Central government public sector undertakings for setting up their units across AP.

15 Nov 2021; MEMO: Turkey's central government budget balance saw a deficit of 17.4 billion Turkish liras ($1.7 billion) in October, the Treasury and Finance Ministry announced today.

This was up from 4.9 billion Turkish liras ($490 million) in the same month last year.

Turkey's budget revenues increased by 22.9 per cent year-on-year to 114 billion liras ($11.4 billion) in October.

The country's budget expenditures totaled 131.4 billion liras ($13.1 billion), up 34.6 per cent from a year ago.

New Delhi, Nov 14 (PTI) Army Chief General MM Naravane on Sunday left for Israel on a five-day visit to further strengthen India's defence and security cooperation with the Jewish state.

The visit by the Army chief comes weeks after External Affairs Minister S Jaishankar and Defence Secretary Ajay Kumar travelled to Israel to explore ways to boost strategic ties.

In August, then air chief marshal R K S Bhadauria had also travelled to Israel.

13 Nov 2021; MEMO: Yemeni forces under a Saudi-led coalition said on Friday they have withdrawn from around the main port of Hodeidah held by their foes, the Houthis, as the Red Sea city's governor announced the reopening of a main road linking it to the capital, Sana'a, Reuters reported.

The Giants Brigade southern forces supported by the United Arab Emirates, posted on Twitter that they had redeployed from around Hodeidah city in western Yemen, the main entry point for commercial imports and aid flows.

12 Nov 2021; MEMO: The ruler of Dubai said in a tweet yesterday the United Arab Emirates (UAE) has been selected to host the COP28 international climate conference in 2023, Reuters reports.

"We will put all our capabilities to make the conference a success. The UAE will remain committed to global climate action to protect the planet," said Sheikh Mohammed Bin Rashid Al-Maktoum, who also serves as prime minister of the UAE.

New Delhi, Nov 12 (PTI) Huge opportunities exist for Korean investors in India's startup ecosystem and both the countries need to increase collaboration in sectors such as automobile, textiles, food processing, and chemicals to enhance economic ties, Commerce and Industry Minister Piyush Goyal said on Friday.

The minister also invited Korean businesses to invest in India.