India’s holdings of American govt securities touch $135.7 billion, highest in a year

India’s holdings of American govt securities touch $135.7 billion, highest in a year

India has sharply increased its exposure to US government securities with holdings worth USD 135.7 billion at the end of July, official data showed. Neighbouring China continued to top the charts with holding to the tune of USD 1.166 trillion, followed by Japan with exposure worth USD 1.113 trillion. In recent months, India has increased its purchase of American government securities and the country is the third largest holder among the BRICS group after China and Brazil (USD 271.9 billion). At the end of July, Russia held securities worth USD…

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Labour reveals its $4 billion education plan

Labour reveals its $4 billion education plan

Labour will pour an extra $4 billion dollars into the education sector over the next four years if it’s voted into Government this election. It’s promising to pump $1.8 billion into the industry to deliver more teachers and resources, provide better professional development and help the sector meet rising costs. Labour leader Andrew Little said “After years of underfunding for education including a funding freeze there’s no question that the teaching profession, the schools, the education system is under pressure.” As part of the party’s education manifesto early childhood centres…

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Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer’s largest deal and biggest foray into the brick-and-mortar retail sector. The deal, which puts a 27 percent premium on Whole Foods’ closing share price on Thursday, would could give the grocer a major competitive edge by allowing it to tap into Amazon’s massive power to buy and sell goods at a lower cost. Whole Foods recently had come under pressure from activist hedge fund Jana…

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Huge Study Finds a Billion People Suffer From High Blood Pressure

Huge Study Finds a Billion People Suffer From High Blood Pressure

The number of people with high blood pressure has almost doubled in 40 years to over 1.1 billion worldwide, scientists said on Wednesday, with the burden of the condition shifting from the rich to the poor. In the largest study of its kind analyzing blood pressure in every nation between 1975 and 2015, the scientists said that it has dropped sharply in wealthy countries – possibly due to healthier diets and lifestyles – but risen in poorer ones. The increases are especially significant in Africa and South Asia, the researchers…

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2 Billion Children Breathe Toxic Air Worldwide, UNICEF Says

2 Billion Children Breathe Toxic Air Worldwide, UNICEF Says

As Indians wake Monday to smoke-filled skies from a weekend of festival fireworks, New Delhi’s worst season for air pollution begins — with dire consequences. A new report from UNICEF says about a third of the 2 billion children in the world who are breathing toxic air live in northern India and neighboring countries, risking serious health effects including damage to their lungs, brains and other organs. Of that global total, 300 million kids are exposed to pollution levels more than six times higher than standards set by the World…

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Bezos Says Amazon to Up India investment to $five Billion

Bezos Says Amazon to Up India investment to $five Billion

Amazon Inc leader executive Jeff Bezos said on Tuesday the organisation would make investments an extra $three billion (more or less Rs. 20,026 crores) in India, boosting its dedicated investment within the u . s . a . to over $five billion (more or less Rs. 33,376 crores). Bezos advised an occasion in Washington attended with the aid of Indian top Minister Narendra Modi – who met in advance on Tuesday with President Barack Obama – that India became Amazon’s fastest developing location. “i will assure you it is handiest…

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Foxconn Seals $3.5 Billion Takeover of Sharp as Execs Seek to Shake Off Doubts

Foxconn Seals $3.5 Billion Takeover of Sharp as Execs Seek to Shake Off Doubts

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes. At a packed news conference following the signing of the $3.5 billion deal, Foxconn CEO Terry Gou ducked questions about how – and when – Sharp would become profitable again, but expressed confidence in the Japanese company’s ability to bounce back with its highly regarded technology. Gou pointed to Sharp’s…

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Oracle Seeks $9.3 Billion in Damages From Google: Report

Oracle Seeks $9.3 Billion in Damages From Google: Report

Global software and cloud major Oracle has sought $9.3 billion (roughly Rs. 61,873 crores) from search engine giant Google over software copyrights infringement, a media report said. Oracle claims that it should receive $475 million (roughly Rs. 3,160 crores) in damages in addition to $8.8 billion (roughly Rs. 58,546 crores) relating to “profits apportioned to infringed Java copyrights”, Fortune reported, quoting IDG News Service. Citing court documents, the report said the two companies have been at odds over whether Google improperly used so-called APIs (application programming interfaces) related to the…

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