The state-run Chinese newspaper Global Times, in turn, cited an unnamed source as saying last week that Beijing is considering taking "forceful countermeasures" against the US move, which will allegedly include a clampdown on a number of major American companies, such as Qualcomm, Cisco, and Apple as well as the American plane maker Boeing. … [Read more...] about Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure
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These announcements will go a long way to help Prime Minister Narendra Modi's efforts to keep the economy strong during and after the pandemic, he said. "RBI deserves praise for shepherding the economy in the right direction despite effects of coronavirus," Nadda said. Measures include cut in repo rate and reverse repo rate by 40 bps making cumulative rate cut to 155 bps till date and extending moratorium for another three months till August which will provide a significant boost to all loan borrowers who are unable to pay dues because of the lockdown, he said. The steps like Rs 15,000 crore line of credit for 90 days to EXIM bank and hiking exposure limits of banks will help in dealing with the adverse effects of Covid-19 on Indian economy, the BJP chief said. He further said some positives about Indian economy was also shared by RBI such as India's foreign reserves have increased by $9.2 billion during 2020-21 and inflation is expected to fall below 4 percent by third or fourth … [Read more...] about RBI’s decision in line with PM’s vision, will keep economy strong: JP Nadda
What came as a surprise was the 40 basis points rate cut that brought down the repo rate to 4 percent. The RBI has clearly front-loaded its rate cuts to give a leg up to the economy. Combined with the 75 bps rate cut in March, in just two months, the RBI has cut repo rates by 115 bps. If one looks at the rate cut beginning this rate cut cycle, the RBI has cut rates by a total of 250 basis points. The banking system has passed the rate cuts partially to the end borrowers on account of low demand for loans. Lower rates are appealing for small borrowers but are not a deciding factor to take more debt on their books. The demand scenario plays a crucial role. Unless there are consumers to buy services and goods, there is no point in investing in capacity expansion. … [Read more...] about RBI responds well, but its actions are band-aid solutions sans fiscal steps to boost demand
In this Tuesday, July 16, 2019 photo, health workers dressed in protective gear begin their shift at an Ebola treatment center in Beni, Congo DRC. The World Health Organization has declared the Ebola outbreak an international emergency after spreading to eastern Congo's biggest city, Goma, this week. More than 1,600 people in eastern Congo have died as the virus has spread in areas too dangerous for health teams to access. (AP Photo/Jerome Delay) … [Read more...] about Coronavirus crisis: What happens now that Trump has pulled majority funding from the WHO?
LG 26CuFt WiFi Enabled InstaView Door-in-Door Refrigerator—This member-only promotion has savings of up to $700LG 24CuFt Counter-Depth InstaView Door-in-Door Smart Refrigerator with Craft Ice Maker—This promotion has savings up to $800, depending on modelSamsung 5.4CuFt Super Speed Washer and 7.4CuFt ELECTRIC Steam Sanitize+ Dryer—Get savings of $650GE Profile Series 27.9 cu. ft. French Door Refrigerator with TwinChill Evaporators and WiFi Connect—This item has savings of $1,000Home Depot … [Read more...] about Memorial Day Weekend 2020 Sales: Deals and Discounts For Walmart, Costco, Home Depot and More
Seal Beach officials this week authorized the city to move into Phase 2 and 3 of its “beach in motion” plans, which expand hours for access but continue to prohibit beachgoers from lounging on the sand. Active use such as walking, jogging, surfing or swimming is allowed and is in line with rules at other Southern California beaches. … [Read more...] about Can California enjoy Memorial Day without spreading coronavirus? It will be a big test