Author: i2wtc
Berlin (AFP) – German industrial giant Siemens said Thursday it will sell its electric motor business Innomotics to U.S. private equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion). Publication of: 2024/05/16 – 10:03change: 2024/05/16 – 10:01 1 minute Its subsidiary, Innomotics, whose motors and other systems are used in a variety of industries including chemicals, petroleum, utilities and automotive, has approximately 15,000 employees.The group said the sale has been approved by its management and audit committees and the transaction is expected to close in the first half of the 2025 financial year.”We are pleased to have made…
The Biden administration is testing its antitrust push far from Washington as it seeks to roll back the grip of Big Tech companies.The nation’s capital is no longer the main court venue when the Justice Department and Federal Trade Commission challenge competition from Silicon Valley giants.Instead, the government decided to sue Apple (AAPL) in New Jersey. Or in California, it took on Microsoft (MSFT). Or Washington State, which has a standoff with Amazon (AMZN). Or in Virginia, it filed its second antitrust lawsuit against Google (GOOG, GOOGL).”They’re obviously bringing these technology lawsuits in a variety of jurisdictions where the laws…
Hello, readers. With the four-stage voting complete, political parties and political leaders are heating up with all kinds of rhetoric, rallies and roadshows. Stay tuned to DH for minute-by-minute updates on Lok Sabha Elections 2024.Last update: May 16, 2024, 07:57 ISTLast update: May 16, 2024, 07:57 ISThighlight02:42May 16, 2024More than 400 seats needed to strengthen ED and CBI: Himanta Biswa Sarma02:32May 16, 2024BJP asks EC to disqualify TMC candidates from Bashihat, Kolkata Dakshin02:32May 16, 2024The people support PM Modi and will ensure that the Bharatiya Janata Party wins all the parliamentary seats in Delhi: Delhi Bharatiya Janata Party President Virendra…
In a big relief for consumers, Pakistan has reduced petrol prices by Rs 15.39 per liter. KARACHI: Pakistan government on Wednesday reduced petrol price by Rs 15.39 per liter for next 15 days. The measure is expected to bring significant relief to the country’s consumers, who have suffered from inflation over the past two years. Pakistan typically adjusts oil prices on a fortnightly basis, taking into account fluctuations in international energy markets and the rupee-dollar exchange rate. With this price cut, the price of petrol has been reduced from Rs 288.49 to Rs 273.10 per liter. The price of high-speed…
Federal Reserve Chairman Jerome Powell said Tuesday that lowering inflation due to high interest rates “may take longer than expected.”However, he reiterated that the possibility of a rate hike is low.His comments largely echo those he made at a press conference after the Fed meeting earlier this month.Federal Reserve Chairman Jerome Powell said Tuesday that lowering inflation due to high interest rates “may take longer than expected” and the recent slowdown in the labor market could mean an early rate cut. There was no hint about gender.”We need to be patient and let the restrictive policies work,” Powell said at…
A new wellness trend, the ‘anger ritual’, has emerged online and its unconventional approach to releasing big emotions may benefit your health teenager – And yourself – “express your anger more.” As a parent, it can seem impossible to help your teenager deal with big emotions, especially as the stress of exams builds up. Your proposal will often end up being silent and leaving many people wondering. “Why doesn’t my teenager talk to me anymore?”But while there are plenty of useful tips and conversation starters to get your teen to open up, sometimes their big emotions and worries about the…
image caption, L60 aims to rival Tesla’s Model YArticle informationauthor, joao da silvarole, business reporterMay 16, 2024, 02:22 BSTUpdated 1 hour agoChinese electric vehicle (EV) maker Nio has unveiled the first vehicle in its new low-cost brand, Onvo, to compete head-on with Tesla’s best-selling vehicle.Prices for the L60 SUV start at 219,900 yuan ($30,465, £23,990), more than 10% cheaper than the world’s most popular EV, Tesla’s Model Y, which costs 249,900 yuan.This is the same week that US President Joe Biden announced that he would quadruple the import tax on electric vehicles from China.Like other EV makers, Tesla is suffering…
Barabanki is one of the 80 Lok Sabha constituencies in Uttar Pradesh. Currently, Barabanki LS consists of assembly segments of Kursi (BJP), Ram Nagar (SP), Barabanki (SP), Zaidpur (SP) and Hydargarh (BJP). Voting for the Barabanki Lok Sabha seat will be held on May 20 in the fifth general election. Votes will be counted on June 4th.2019 Results and 2024 CandidatesThe current MP from Barabanki is Upendra Singh Rawat of the Bharatiya Janata Party (BJP). In the 2019 Lok Sabha polls, Rawat won with a margin of over 100,000 votes. The frontrunners for the 2024 polls in Barabanki are Rajrani…
US Central Command The temporary pier will support the U.S. Agency for International Development in delivering humanitarian aid to the people of Gaza. CNN — According to the US Central Command (CENTCOM), a floating pier has been fixed on the coast of Gaza to allow humanitarian aid to flow into Gaza from the sea. Centcom said in a statement that its staff docked at the pier at around 7:40 a.m. local time “to support the humanitarian mission to deliver additional humanitarian assistance to Palestinian civilians.” The pier was being moved Wednesday from the port of Ashdod to Gaza Beach, about…
BEIJING (AP) — Chinese leaders Xi Jinping At a summit meeting with Russian President Vladimir Putin on Thursday, he said China hopes that Europe will quickly restore peace and stability and that China will play a constructive role.President Putin’s visit to Beijing comes as the Russian government presses forward with a new offensive in Ukraine. China has announced a proposal for peace with Ukraine in 2023.This is the latest news. Previous articles from the Associated Press are below.BEIJING (AP) – Chinese leader Xi Jinping on Thursday welcomed Russian President Vladimir Putin as he began a two-day state visit, while Russia…