Author: synergia
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Apple announces decline in sales
Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China arising from the ongoing trade war. This is the first time in 15 years Apple has to revise its own sales predictions for a holiday season. Apple Inc. is one of the most successful multinational technology…
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Saubhagya Scheme misses December target
Prime Minister Narendra Modi’s government has missed its target to electrify every home by the end of 2018. 1.05 Million homes in four states still lack power. The government is likely to achieve its target ahead of Indian Republic Day. The Saubhagya Scheme or Pradhan Mantri Sahaj Bijli Har…
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Bangladesh elections 2019
Sheikh Hasina’s ruling Awami League returned to power with a landslide victory over Khalida Zia’s Bangladesh Nationalist Party (BNP) in an elected tainted with violence. Modern Bangladesh emerged as an independent nation in 1971 after breaking away and achieving independence…
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India cuts import taxes on Palm Oil
New Delhi has reduced import duties on crude and refined palm oil, an essential import commodity for India’s rapidly growing economy. Malaysia stands to gain significantly from this recent import tax cut. India relies on imports for 70 per cent of its edible oil consumption, an increase from 44 per cent in 2001/02. Palm oil…
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Turkey delays Kurdish assault operation
Turkey will delay a planned offensive against Kurdish forces in north-eastern Syria, President Recep Tayyip Erdogan said. It is likely that talks with the U.S. president and other officials after the administration’s decision this week to withdraw all U.S. troops from the country influenced the change…
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US government shuts down
A partial US government shutdown has taken effect after US lawmakers failed to break a budget impasse. This is the second government shut down of the Trump administration in less than a year. A government shutdown occurs when Congress fails to pass or the President fails to sign appropriations legislation funding federal…
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Carlos Ghosn re- arrested
Carlos Ghosn, former Nissan chief has been rearrested by special investigation squad of Tokyo District Public Prosecutors Office for alleged aggravated breach of trust under the Companies Law. He faces up to 10 years in prison, a fine of 10m yen, or both if he is found guilty. Carlos Ghosn is a Lebanese–Brazilian…
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Germany closes last coal mine
Germany will close its last black coal mine on Friday, a milestone marking the end of a 200-year-old industry that once fuelled the country’s economic growth. This is the latest step in the push for green fuels and alternatives fuel sources in Europe’s largest economy. Germany’s first deep-shaft coal mine opened in the 1820s, helping…
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Sudan erupts in violent protests
Eight demonstrators have been killed in clashes with armed police in northern and eastern Sudan, officials say. Six people died in anti-government protests in the eastern town of Gedaref in the al-Qadarif state, leading to a state of emergency and an overnight curfew. Sudan was once one of the largest countries in Africa. It is…
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US withdraws troops from Afghanistan
The Trump administration has ordered the military to start withdrawing roughly 7,000 troops from Afghanistan in the coming months. This is the second major military withdrawal announced by the Trump administration after their decision to pull its troops from Syria. Landlocked and mountainous…