Month: July 2016

Permanent Court of Arbitration rejects China’s claim on South China Sea

Newsroom24x7 Staff The Hague: Judges at  the Permanent Court of Arbitration in The Hague on Tuesday gave a ruling in favour of Philippines and rejecting China’s claims to economic rights across large part of the South China Sea. The Arbitration Court ruling  referring to a demarcation line on a 1947 map of the sea rich

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India homebuilders with UK assets face Brexit risks

Newsroom24x7 Desk Singapore: Indian homebuilders with significant investments in the London property market will face near-term challenges from Britain’s vote to leave the EU on June 23, says Fitch Ratings. Demand for luxury residential properties and commercial properties – the segments some Indian homebuilders have invested in – may remain weak at least over the coming

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US to encourage Public-Private Partnerships to combat Zika

Newsroom24x7 Desk Washington DC: On Wednesday, July 13, the US State Department will host a series of working discussions to encourage private-public partnerships to combat the Zika virus. The US Deputy Secretary of State for Management and Resources Heather Higginbottom and Deputy Homeland Security Advisor and Deputy Assistant to the President at the National Security

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IBM to open Blockchain Innovation Center in Singapore

Newsroom24x7 Staff Singapore: IBM (NYSE: IBM) today announced plans to establish the first IBM Center for Blockchain Innovation in Singapore. In the first collaboration of its kind with the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS), IBM Researchers will work with government, industries and academia to develop applications and solutions

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Lockheed Martin Initiates Exchange Offer for IT and Technical Services

Newsroom24x7 Staff New York: Lockheed Martin (NYSE: LMT) announced today the commencement of an exchange offer for the separation of its Information Systems & Global Solutions (IS&GS) business segment. This represents the next step in the proposed tax-efficient Reverse Morris Trust transaction with Leidos Holdings, Inc. (NYSE: LDOS) announced on January 26. In the proposed

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Thomson Reuters to sell its Intellectual Property & Science Business to Onex and Baring Asia for $3.55 billion

New York: Thomson Reuters today announced that it has entered into a definitive agreement to sell its Intellectual Property & Science business to private equity funds affiliated with Onex Corporation (“Onex”) and Baring Private Equity Asia (“Baring Asia”) for $3.55 billion in cash. The sale is subject to regulatory approval and customary closing conditions, including

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Continuing gunfire in South Sudan: Indian nationals to be evacuated

Newsroom24x7 Staff New Delhi: The security situation in Juba, the capital city of South Sudan has deteriorated 7 July, onwards and there are reports of gun fire and fighting on the streets of Juba making any movement virtually impossible. Indian Ministry of External Affairs has advised all Indian nationals against all travel to South Sudan

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Modi draws attention to twin threats of terrorism and climate change

Newsroom24x7 Desk New Delhi: India and Tanzania have agreed to work closely, bilaterally, regionally and globally, to combat the twin threats of terrorism and climate change. Prime Minister of India Narendra Modi said this while addressing media-persons in the presence of  the Tanzanian  President John Magufuli on Sunday. On climate change, Modi said India had led

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Death toll in Kashmir clashes rises to 23

Newsroom24x7 Staff Srinagar: The death toll in the clashes between protesters and security forces in Kashmir has risen to 23  and curfew-like restrictions continued today across many districts in the Kashmir valley and parts of Srinagar following the killing of the Hizbul Mujahideen terrorist Burhan Wani in an encounter on Friday. Due to the separatists’

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US to focus on Human Rights in Sri Lanka and Cambodia

Newsroom24x7 Desk Washington DC: The US Assistant Secretary of State for Democracy, Human Rights, and Labor Tom Malinowski will visit Sri Lanka and Cambodia from July 12 to 20, where he will engage with government officials and local civil society representatives. In Sri Lanka, Assistant Secretary Malinowski will focus on Sri Lanka’s continued progress in

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Bhind district Police arrests 3 arms smugglers with firearms and ammunition

Newsroom24x7 Staff Bhind (Madhya Pradesh): The Bhind district police today busted an arms smuggling racket by arresting three persons and seizing from their possession 7 pistols, a 315 bore country-made firearm and 300 rounds of cartridges at Gohad crossing. Today’s arrests and seizure are the outcome of a massive police drive led by district superintendent

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I will not allow Afghanistan to be used as safe haven for terrorists to attack our nation again: Barack Obama

Newsroom24x7 Staff Washington DC: US President Barack Obama today said that he would not allow Afghanistan to be used as safe haven for terrorists to attack the United States of America again. Obama said the security situation in Afghanistan remains precarious and the Taliban remains a threat. Underscoring his decision on the US miission in

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231 Projects under Namami Gange Programme to be launched tomorrow

Newsroom24x7 Staff New Delhi: Giving a major boost to Namami Gange Programme Union Minister of Water Resources, River Development and Ganga Rejuvenation Uma Bharti has announced that 231 projects will be inaugurated at various locations in Uttrakhand, UP, Bihar, Jharkhand, West Bengal, Haryana and Delhi tomorrow. Addressing a press conference in New Delhi today the

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Narendra Modi begins his Mozambique, South Africa, Tanzania and Kenya tour tomorrow

Newsroom24x7 Staff New Delhi: Prime Minister Narendra Modi will be in Mozambique tomorrow to meet the goal of increasing cooperation and boosting cultural ties. The Prime Minister will be meeting and holding extensive talks with President Filipe Nyusi. His other programmes include a meeting with Ms. Veronica Macamo, the President of the National Assembly and

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