https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Tue, 05 Mar 2024 22:15:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2024/03/01/climate-change-to-enhance-economic-losses-us-philippines-to-face-heat-swiss-re-institute/ Fri, 01 Mar 2024 04:20:30 +0000 https://thenfapost.com/?p=348221 Chennai, NFAPost: Climate change will have a larger impact on economic losses in the future, according to Swiss Re Institute. A new analysis of 36 countries ranks the Philippines and the US as the most economically exposed countries today, where hazard intensification is likely to occur due to climate change. Swiss Re’s Group Chief Economist […]]]> https://thenfapost.com/2024/02/21/biden-harris-administration-announces-preliminary-terms-with-globalfoundries/ Wed, 21 Feb 2024 02:33:53 +0000 https://thenfapost.com/?p=345247 The move will strengthen domestic legacy chip supply for US auto and defense industries New York, NFAPost: The Biden-Harris Administration announced that the US Department of Commerce and GlobalFoundries (GF) have signed a non-binding preliminary memorandum of terms (PMT). As per the agreement, approximately $1.5 billion will be provided in direct funding under the CHIPS […]]]> https://thenfapost.com/2023/11/29/rbi-in-talks-with-us-hong-kong-swift-on-digital-bank-payments/ Wed, 29 Nov 2023 01:31:09 +0000 https://thenfapost.com/?p=324154 Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency New Delhi, NFAPost: The Reserve Bank of India is in discussion with its counterparts in the United States and Hong Kong, along with the Society for Worldwide Interbank Financial Telecommunications […]]]> https://thenfapost.com/2023/11/22/tokenized-us-treasuries-from-ondo-finance-now-available-on-injective-blockchain/ Wed, 22 Nov 2023 01:14:08 +0000 https://thenfapost.com/?p=322544 New York, NFAPost: For the first time ever, users on Injective, a lightning-fast blockchain for Web3 finance applications, can acquire tokenised US Treasuries in the form of the USD Yield token (“USDY”) from Ondo Finance. Ondo is the market leader in connecting traditional financial assets to blockchain networks, with over $200 million of its tokenised US Treasuries […]]]> https://thenfapost.com/2023/10/18/us-semiconductor-sector-is-central-to-its-national-security-objectives-semi/ Wed, 18 Oct 2023 00:08:08 +0000 https://thenfapost.com/?p=311116 San Francisco, NFAPost: SEMI, the industry association serving the global electronics design and manufacturing supply chain, stated that the new export controls announced by the US Commerce Department is central to the country’s national security bbjectives. The global industry association stated that SEMI recognises and appreciates that sustaining a robust US semiconductor sector is central […]]]> https://thenfapost.com/2023/10/07/us-economy-remains-resilient-in-second-quarter-labour-market-tight/ Sat, 07 Oct 2023 12:16:12 +0000 https://thenfapost.com/?p=308502 https://thenfapost.com/2023/10/02/after-chandrayan-3-beijing-now-bares-fangs-against-imec/ Mon, 02 Oct 2023 07:56:39 +0000 https://thenfapost.com/?p=306697 Anti-trust expert John Gong describes India–Middle East–Europe Economic Corridor as a “big pie in the sky” and “vaporware”. Beijing-backed European lobbyist Hussein Askary labels IMEC “impotent” Bengaluru, NFAPost: A well-known Chinese anti-trust expert who works closely with the country’s Ministry of Commerce has described the proposed India–Middle East–Europe Economic Corridor (IMEC) “as a big pie […]]]> https://thenfapost.com/2023/08/18/karnataka-will-form-dedicated-platform-to-facilitate-american-investment-mb-patil/ Fri, 18 Aug 2023 12:03:12 +0000 https://thenfapost.com/?p=295071 Bengaluru, NFAPost: Karnataka Industries Minister MB Patil said on Friday that a dedicated platform would be constituted to facilitate investment by American companies in the state of Karnataka. “‘Invest Karnataka Forum’ (IKF) would be reconstituted and a ‘Strategic Investments Committee’ would be formed to facilitate the inflow of FDI to the state,” said Karnataka Industries […]]]> https://thenfapost.com/2023/07/28/us-fed-reserve-hikes-rates-to-highest-level-in-16-years-at-5-25-5-5-citing-inflation/ Fri, 28 Jul 2023 04:55:52 +0000 https://thenfapost.com/?p=288794 The rate hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase New York, NFAPost: The US Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated […]]]> https://thenfapost.com/2023/07/26/mahindra-group-to-aid-us-companies-to-set-up-manufacturing-base-in-india/ Wed, 26 Jul 2023 04:57:55 +0000 https://thenfapost.com/?p=287967 The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes Mahindra Group To Aid US Companies To Set Up Manufacturing Base In India Mumbai, NFAPost: Mahindra Group, a Rs 1.2 trillion diversified industrial conglomerate, said on Monday that it is […]]]>