The Chinese government is planning to enact policies to boost the birth rate. On Sunday President Xi Jinping said there is an imminent decline in China’s population and this could hurt the country’s economy. While addressing over 2,000 delegates during a Communist Party meeting Xi said, “We will establish a policy system to boost birth … Read more
For years, becoming a unicorn was the main goal of startups. Now, with venture funding drying up and many young firms’ survival in doubt, another creature is the talk of the town: the cockroach. Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, … Read more
President Joe Biden said on Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis. Biden suggested he would soon take action as aides announced that the administration is reevaluating its relationship with the kingdom … Read more
Indian cricket star Mahendra Singh Dhoni on Sunday launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. It has ventured into the consumer drone market with ‘Droni’, according to the news agency ANI. Dhoni is the brand ambassador of Garuda Aerospace, a company that has attempted to offer drone solutions … Read more
Asia’s second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. The Mumbai-based billionaire has picked a manager to hire staff for the new entity and get it running, the people said, asking not to be identified because the matter is private. … Read more
Tennis icons Venus and Serena Williams have become investors in social trading app Shares. The London-based startup recently closed a $40 million round led by Peter Thiel’s Valar Ventures. Check out the 20-slide pitch deck Shares used to raise its $40 million Series B round. Two of the most iconic tennis players ever Venus and … Read more
Even as the government lifted the cap on capacity deployment, most airlines are finding it difficult to operate at full capacity due to less demand, a report by Mint. The aviation sector in India has faced several hurdles since 2020. First, the pandemic-induced lockdowns forced the lanes to be grounded for two months. Then, the … Read more
India is right to be “deeply disturbed” about the worsening Ukrainian crisis. How and when it will end is unclear. With the Nord Stream pipelines sabotaged, Europe’s energy crisis aggravated, the EU intransigent, Russia’s implicit nuclear warnings, US announcing additional billions of dollars of arms aid to Ukraine and more sanctions on Russia, the outlook … Read more
The ministry of information and broadcasting issued two advisories, for private television channels and digital news publishers and OTT platforms on Monday, asking them to refrain from showing advertisements, including surrogate ads, of online betting sites, calling them a significant financial and socio-economic risk for consumers. The ministry has said that online offshore betting platforms … Read more