Loans worth Rs 10,09,511 written off in last five financial years: Sitharaman

The borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues. New Delhi: Scheduled commercial banks have written off loans amounting to Rs 10,09,511 crore in the last five financial years and the process of recovery of dues from the… Continue reading Loans worth Rs 10,09,511 written off in last five financial years: Sitharaman

German Handelsblatt: Oliver Blume: His predecessor made Tesla a role model, that’s over now: How the new boss changed Volkswagen in 100 days005863

Oliver Blume The new VW boss reorganized a lot in his first months in office – and showed himself to be decisive. (Photo: dpa) In a tug-of-war at an in-house trade fair, VW boss Oliver Blume has to settle for a stalemate. Much to the amusement of the visitors, he was unable to pull his… Continue reading German Handelsblatt: Oliver Blume: His predecessor made Tesla a role model, that’s over now: How the new boss changed Volkswagen in 100 days005863

German Handelsblatt: Oliver Blume: His predecessor made Tesla a role model, that’s over now: How the new boss changed Volkswagen in 100 days005862

Oliver Blume The new VW boss reorganized a lot in his first months in office – and showed himself to be decisive. (Photo: dpa) In a tug-of-war at an in-house trade fair, VW boss Oliver Blume has to settle for a stalemate. Much to the amusement of the visitors, he was unable to pull his… Continue reading German Handelsblatt: Oliver Blume: His predecessor made Tesla a role model, that’s over now: How the new boss changed Volkswagen in 100 days005862

Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics

Hong Kong-based Prenetics Global Limited is buying a majority stake in ACT Genomics, a Nasdaq-listed company specialising in precision oncology in Asia, as it looks to build an ecosystem extending beyond COVID-19 testing. Prenetics, which went public in May through a $1.7-billion SPAC merger with Artisan Acquisition, has agreed to pay $20 million in cash… Continue reading Hong Kong-based COVID-19 testing firm Prenetics buys ACT Genomics

German Manager Magazin: Europe is gambling away its future002198

What is Crisis Boost? The buzzword “polycrisis” has been around for a number of years. In 2022 it will be in general usage. It’s my word of the year. Measured against what swept over Europe in the past year, the past few decades have been an era of calm, reliability and boredom. You have to… Continue reading German Manager Magazin: Europe is gambling away its future002198

Global recession risks rise as Central Banks raise rates

They remain particularly worried about price expectations ratcheting up and elevated pressures becoming embedded in their economies, much as happened in the 1970s. Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation. After each… Continue reading Global recession risks rise as Central Banks raise rates

An Alleged Russian Smuggling Ring Was Uncovered in New Hampshire

As Russia’s invasion of Ukraine drags on, navigation system monitors reported this week that they’ve detected a rise in GPS disruptions in Russian cities, ever since Ukraine began mounting long-range drone attacks. Elsewhere, a lawsuit against Meta alleges that a lack of adequate hate-speech moderation on Facebook led to violence that exacerbated Ethiopia’s civil war. … Continue reading An Alleged Russian Smuggling Ring Was Uncovered in New Hampshire

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Did aviation’s estimated 73% revenue growth hold up in 2022?

LONDON, Dec. 15, 2022 /PRNewswire/ — The global aviation industry has continued to experience economic and operational shocks from the COVID-19 pandemic, at least for the first and second quarters of the financial Year 2022. Many airlines have reported normal recovery from the crisis, while others are yet to bounce back into full mode due to… Continue reading Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Did aviation’s estimated 73% revenue growth hold up in 2022?

Europe’s car repairers call for competition rules rewrite

The Commission needs to make a decision before the current MVBER expires on May 31, 2023. By Nick Carey Europe’s car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to disadvantage independent operators. The European Commission has recommended extending 2010’s Motor Vehicle… Continue reading Europe’s car repairers call for competition rules rewrite

John Carmack leaves Meta with a memo criticizing the company’s efficiency

‘[W]e constantly self-sabotage and squander effort,’ he wrote in his memo. John Carmack, the virtual reality pioneer who joined Meta from Oculus after its $2 billion acquisition, has left the social network. Business Insider first reported his departure, citing people familiar with the company, and published pieces of his internal memo that contained sentiments critical… Continue reading John Carmack leaves Meta with a memo criticizing the company’s efficiency