Business

NEW DELHI, Oct 8 (NNN-ANADOLU) — Swiss authorities on Monday shared the first details with India about financial accounts of its residents in Swiss banks under a new automatic exchange of information framework between the two countries, Anadolu Agency reported, quoting media reports.

SAN FRANCISCO, Oct 7 (NNN-TASS) – The United States should stop exerting pressure on Russia, using a policy of sanctions, as experience shows that, this approach does not work with regard to Moscow, Russian Ambassador to the United States, Anatoly Antonov, said, speaking at the Fort Ross Dialogue international forum in San Francisco.

According to him, Washington should stop “the policy of exerting pressure on other countries by using sanctions.”

“Experience shows that it is impossible to win concessions from us by exerting pressure,” Antonov continued.

6 Oct 2019; AA: A Turkish entrepreneur is now exporting a heating fabric, developed from 100% local sources, for €20 ($22) a square meter, said executives of the firm on Saturday.

The innovative new fabric can dissipate heat with low voltage and can be used in numerous fields, such as the automotive, health, textile, and defense sectors, Ayhan Prepol, a co-founder of Iltema, which makes the fabric, told Anadolu Agency.

6 Oct 2019; MEMO: France and Turkey can realize €20 billion (nearly $22 billion) trade volume target, said an economy counsellor from the French Embassy in Ankara, Turkey’s capital.

France wants to enhance cooperation with Turkey in strategic areas, such as smart cities, energy, sustainability, transportation, innovation, environment management, and agriculture, Daniel Gallissaires told Anadolu Agency.

6 Oct 2019; MEMO: There are rules in exploring energy resources in the Mediterranean Sea, US Secretary of State Mike Pompeo said on Saturday, warning Turkey not to engage in drilling activity that is “illegal” and “unacceptable”.

New Delhi, Oct 6 (PTI) Increasing awareness about investment opportunities and continuous work on improving ease of doing business will help Bangladesh attract Indian businesses, Deloitte said.

Huge investment opportunities are there in Bangladesh in areas like manufacturing and infrastructure for Indian businesses, Joydeep Datta Gupta, Partner, Deloitte India told PTI.

New Delhi, Oct 6 (PTI) The finance ministry will kick-start the exercise to prepare annual Budget for 2020-21 from October 14 which, among other thing, will have to address critical issues pertaining to slowdown in growth and subdued revenue collection.

It will be the second Budget of both the Modi 2.0 government and Finance Minister Nirmala Sitharaman.

Srinagar, Oct 6 (PTI) People thronged the weekly flea market in Jammu and Kashmir's summer capital on Sunday even as some shops in the city opened in the morning hours, officials said.

However, main markets across Kashmir were shut and most of the public transport was off the roads as normal life remained affected in the valley for the 63rd consecutive day, they said.

The weekly flea market, locally known as Sunday market, was open as several dozen vendors had put up stalls on the TRC Chowk-Lal Chowk road, the officials said.

KHARTOUM, Oct 6 (NNN-Xinhua) — Ethiopia rejected presence of another party in the negotiations between Sudan, Egypt and Ethiopia on the Grand Ethiopian Renaissance Dam (GERD).

The remarks were made by Ethiopia’s Minister of Water, Irrigation and Electricity Seleshi Bekele at a press conference in the capital Khartoum.

BRUSSELS, Oct 6 (NNN-AGENCIES) — British Prime Minister Boris Johnson started phoning EU leaders Saturday to sell his proposals for a managed Brexit, but he met with pressure to revise his offer — and to do so quickly.

Finnish counterpart Antti Rinne — whose country currently holds the rotating presidency of the European Union — said he told Johnson “it is important to find a solution within a week”.

“Johnson said he agreed with the timetable,” Rinne added.