Business Archives - Page 33 of 40

Spanish police apprehend two people for smuggling dual-use equipment to Pakistani military companies

27Oct

By Grace TsoiNo Comments

Spanish police apprehend two people for smuggling dual-use equipment to Pakistani military companies

Spanish Police have apprehended two persons on charges of smuggling dual-use equipment and technology to Pakistani military companies which could be used for Missile Guidance systems, sources reported."The Spanish Police has apprehended two unidentified persons on July 1 from Alicante, South East of Spain. The two were convicted of smuggling dual-use equipment and technology to the Pakistani military companies," the sources said.The individuals were operating a company from three industrial warehouses in Alicante which specialized in the export of autonomous navigation technologies for UAVs. Much of their business dealings could be traced back to Pakistan. The company has received an estimated sum of 4 million Euro for the export.According to the police, the technologies could be extensive...

J&K: Kupwara District Commissioner inaugurates Skill Institute

22Oct

By Yusara AskariNo Comments

J&K: Kupwara District Commissioner inaugurates Skill Institute

Under the much ambitious phase three of the ‘Back to Village’ (B2V3) running in the Indian union territory of Jammu and Kashmir, District Development Commissioner (DDC) of Kupwara, Anshul Garg inaugurated a Skill Training Institute.The Institute provides multiple vocational training courses including fashion designing and plumber courses. It was informed that the first batch of 20 female trainees have completed the course of fashion designing.On the occasion, the DDC interacted with the female trainees who put forth several demands before him. He directed the Superintendent ITI Kupwara (Nodal Officer for Skill Development) to submit a proposal for establishment of Skill Institutes at the places demanded.He stressed upon the concerned to tie up the artisans with Entrepreneurship Development

J&K: Kashmir’s Agriculture Department organizes awareness camp at IIKSTC

22Oct

By Yusara AskariNo Comments

J&K: Kashmir’s Agriculture Department organizes awareness camp at IIKSTC

In the Indian union territory of Jammu and Kashmir, a broader market awareness-cum-public-private engagement interaction was organized by Kashmir division’s Agriculture Department with agri-entrepreneurs, branding experts, market linkage specialists and other members of civil society and saffron farmers at the India International Kashmir Saffron Trade Centre (IIKSTC), Pampore.The main objective of conducting the interactive program was to acquaint the key business, market linkage experts and branding specialists regarding the various facilities created at the center towards maximizing benefit to saffron farmers.The team visited various sections of the IIKTC and were briefed by Kashmir’s agriculture director about various facilities for preserving, grading, processing and marketing of Kashm

LG reviews progress of Committee on Business Revival’s recommendations in J&K

21Oct

By Yusara AskariNo Comments

LG reviews progress of Committee on Business Revival’s recommendations in J&K

The Lieutenant Governor of the Indian union territory of Jammu and Kashmir (J&K), Manoj Sinha, reviewed the progress made on the recommendations of the Committee on Business revival in Jammu and Kashmir.The Lt Governor sought a detailed report on a host of financial and administrative measures recommended for the revival of the business sector along with financial implications and accorded timelines, aimed at helping business and entrepreneurs and steps taken thereon.“Business sector is the backbone of every economy and it is important that the government machinery must lay a special focus on its revival and for the welfare of the people associated with it,” Sinha said.He further stressed on the effective implementation of the recommendations made by the Committee as per the timelines

Data collection by Chinese company ‘disquieting in the extreme’, says NZ Minister

30Sep

By Grace TsoiNo Comments

Data collection by Chinese company ‘disquieting in the extreme’, says NZ Minister

New Zealand’s Minister of Foreign Affairs Winston Peters has said the collection of information on New Zealanders by Chinese company Zhenhua could adversely affect national security.Details of hundreds of New Zealanders - politicians, judges, business leaders, journalists and even criminals - have been collected by Zhenhua, which has been linked to the country's military and intelligence.Peters said it would be "naive" to think there was no connection with the Chinese state. "The part that is of concern is, what is the purpose in this case of this collection of data. I know why big businesses do it - it is to shape their market it is to look at influencers and all sorts of things. In this case, I think people would be asking why is a country doing it, and what is its ultimate purpose,” he

Favourable weather, new varieties of trees improve almond quality in Kashmir

30Sep

By Yusara AskariNo Comments

Favourable weather, new varieties of trees improve almond quality in Kashmir

Although the production of almond fruit crops is lower this year, a favourable weather and new varieties of trees improved the quality almonds in Budgam district and is expected to help growers to get a good return."This year almond quality is good and the crop was of good quality. The quantity is less but the quality is good. Irrigation facility was also there this time. Kashmir's almond is famous because it's oily," said Irshad Ahmad, a grower."Almonds quality is very good this time. They are very sweet this time and customers are also not complaining. People are also getting employed for the harvesting of this crop," said Nissar Ahmad, another grower.The Central Institute for Temperate Horticulture (CITH) and Sheri Kashmir University of Agriculture Science and Technology (SKUAST) have i...

Is the Chinese shipbuilding industry going up in smoke?

26Sep

By Stuart WhiteNo Comments

Is the Chinese shipbuilding industry going up in smoke?

Amidst the tensions caused by the coronavirus outbreak, one image that recently caught global attention was the fire on board the PLA Navy’s latest Type 075 landing helicopter dock (LHD) amphibious ship.On the morning of 11 April 2020, the PLA Navy’s LHD caught fire, as smoke was observed coming out of rear hangar opening and lift near island superstructure. Within ten days, the damaged ship was painted to hide the black smoke marks on its superstructure and readied for the launch ceremony of PLA Navy’s second Type 075, on 22 April 2020. The intensity of smoke indicates a major fire which would have caused significant damage to the ship’s aft section, equipment and electrical cables, with resultant time penalties for their repair and replacement.The fire, while extinguished has rekindled t

Was Angoda Lokka setting up drug smuggling network in India?

25Sep

By Yusara AskariNo Comments

Was Angoda Lokka setting up drug smuggling network in India?

According to Indian probe agencies, Sri Lanka’s underworld figure Angoda Lokka, who died under mysterious circumstances in July, was developing a local network for smuggling drugs under the garb of supplying protein supplements to gyms.“The protein supplement business could be a cover for dealing in drugs, given that Lokka was part of the syndicate in Sri Lanka which ran a major drug trafficking racket. Just a few days ago, the Sri Lankan authorities seized 42 kg of heroin at the instance of one of his close accomplices, Shabdeen Zubair, who was arrested along with three others,” said a government official familiar with the findings.The investigators have also detected a “hawala” channel being run from Dubai, through which funds were also being managed for Lokka.“Payments for the heroin co

World Bank puts on hold its ‘Doing Business’ report after irregularities in data by China, 3 others

19Sep

By Grace TsoiNo Comments

World Bank puts on hold its ‘Doing Business’ report after irregularities in data by China, 3 others

The World Bank had to put on hold its ‘Doing Business’ report after it was reported that China and three other countries had submitted data that was “inappropriately altered”.China, Azerbaijan, the United Arab Emirates and Saudi Arabia appeared to have been inappropriately altered their data, said a source with knowledge of the decision.The move renewed concerns first raised two years ago by the World Bank’s chief economist that the report, called “Doing Business,” was vulnerable to manipulation. According to the Doing Business report, a sharp difference was noted when China rose from 46 to 31 between 2019 to 2020.The World Bank in a statement said: “A number of irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports, publi

Indian Foreign secy’s visit to Bangladesh centred on Sheikh Mujibur Rahman’s anniversary, diplomatic ties

17Sep

By Yusara AskariNo Comments

Indian Foreign secy’s visit to Bangladesh centred on Sheikh Mujibur Rahman’s anniversary, diplomatic ties

The Indian Ministry of External Affairs (MEA) has said that during the visit of Foreign Secretary Harsh Vardhan Shringla to Bangladesh, the discussions centred on the 100th birth anniversary of Bangabandhu Sheikh Mujibur Rahman in 2020 and 50 years of the liberation of Bangladesh, and the establishment of diplomatic ties between India and Bangladesh in 2021.“Discussions during the meeting centred on the importance of the 100th birth anniversary of Bangabandhu Sheikh Mujibur Rahman in 2020 and the 50 years of the liberation of Bangladesh and the establishment of diplomatic ties between India and Bangladesh in 2021. India plans to issue a commemorative stamp on Bangabandhu during Mujib Barsho. The two countries also propose to hold joint events on the occasion. PM Modi had paid tributes to B