Business

BRASILIA, Oct 25 (NNN-AGENCIES) — Brazilian President Jair Bolsonaro said the South American nation will drop its requirement that visiting Chinese and Indian tourists or businesspeople obtain visas.

Bolsonaro, a far-right politician, came to power at the beginning of the year and has made it a policy to reduce visa requirements from a number of developed countries.

But the announcement, made during an official visit to China, is the first he has made expanding that policy to the developing world.

Lahore/Dera Baba Nanak, Oct 24; GANASHAKTI: India and Pakistan on Thursday signed a landmark agreement to operationalise the historic Kartarpur Corridor to allow Indian Sikh pilgrims to visit the holy Darbar Sahib in Pakistan, notwithstanding a chill in bilateral ties.

The corridor will connect the Dera Baba Nanak shrine in India's Punjab with Darbar Sahib at Kartarpur, just about four kilometres from the International Border, located at Narowal district of Pakistan's Punjab province.

New Delhi/Mumbai, Oct 25 (PTI) Gold and jewellery sales were muted so far on the occasion of Dhanteras as people preferred silver coins and utentils for token buying amid sluggish consumer spending and high rates of the precious metal, according to industry players.

Dhanteras, celebrated in northern and western parts of India on Friday, is considered an auspicious day for buying gold, silver and other valuables.

Srinagar, Oct 25 (PTI) Private construction work is in full bloom in Kashmir but the exodus of non-local labourers after the abrogation of Article 370 provisions has resulted in cost escalation of building material, according to industry players here.

Besides the hike in wages of daily-rated labourers, there has been 15 to 25 per cent increase in the costs of bricks, sand, stone and cement.

Mumbai; 25 Oct 2019 (PTI) - Business Wire India Inventum Global, Turkey's largest MICE and wedding in-bound B2B service provider, today successfully concluded a two-city roadshow hosted in the Indian cities of Delhi and Mumbai.

The program witnessed attendance from leading MICE operators and wedding planners based in India as well as shareholders of the most-esteemed hotels of Turkey.

SOCHI (Russia), Oct 24 (NNN-AGENCIES) — Russia and Ethiopia have signed an intergovernmental agreement on cooperation in the peaceful use of nuclear energy.

The two countries signed the agreement on the sidelines of the Russia-Africa Summit in the Russian resort city of Sochi.

DUBLIN, Oct 24 (NNN-Xinhua) — Irish Prime Minister Leo Varadkar expressed his support for the proposal made by the European Council’s President Donald Tusk to grant a Brexit extension requested by Britain, according to a government statement.

“The Taoiseach (prime minister in English) confirmed his support for President Tusk’s proposal to grant the request for an extension which was sought by the UK” during a Wednesday morning phone talk with Tusk, said the statement.

24 Oct 2019; MEMO: Recent talks between Jordan and the International Monitory Fund (IMF) were “important” but Amman “will not accept any proposals that are inconsistent with its national interests”, the country’s minister of finance said on Tuesday.

New Delhi, Oct 24 (PTI) Fitch Ratings on Thursday slashed India's GDP growth forecast in the current fiscal to 5.5 per cent saying a large credit squeeze emanating from shadow banks has pushed economic growth to a six year low.

Fitch, which had in June this year put India's GDP growth at 6.6 per cent for the fiscal year that began in April 2019, said the recent government measures to boost economy including a cut in corporate tax rates will gradually nudge growth.

LONDON/PARIS (Reuters) - The United Kingdom will ultimately leave the European Union on the terms of Prime Minister Boris Johnson’s deal, a senior Downing Street source said on Thursday, as EU leaders mulled offering London a three-month flexible Brexit delay.

More than three years after voting 52%-48% to be the first sovereign country to leave the European project, the United Kingdom is waiting for the EU to decide how long the latest delay to Brexit should be.