- A + A NEW YORK (June 29): First Solar Inc has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives. The biggest US solar manufacturer is still planning a manufacturing facility in either Europe or India, and Chief Executive Officer Mark Widmar expects to make a final decision within 90 days. That would come after the company completes a third US plant early next year in Ohio and its first factory in India in the second half of 2023. The decision is a setback for US President Joe Biden’s efforts to boost domestic solar manufacturing. Solar installations have slowed this year amid a US Commerce Department trade investigation, raising the prospect of tariffs on panels imported from four Southeast Asian nations. While the White House announced this month a two-year moratorium on new tariffs and took steps to encourage American production, Widmar said the moves don’t address underlying issues that give … [Read more...] about First Solar rejects US site for new factory, eyes Europe or India instead
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(Reuters) - India's captain Rohit Sharma may miss their test match against England starting on Friday after he tested positive for COVID-19, but the team will take a late call on his inclusion after his next COVID test, head coach Rahul Dravid said on Wednesday. Sharma tested positive during a warm-up match in Leicester last week and the question of who leads the side in his absence has been left hanging, with vice-captain KL Rahul not in the squad due to an injury. India were 2-1 ahead in the series last September when the final test at Old Trafford was cancelled due to COVID-19 cases in their camp. The fifth test will be played in Edgbaston from Friday. "We'll keep monitoring him (Sharma). We've got close to 36 hours to go. He'll have a test later tonight and one tomorrow as well. It's up to the medical team to decide," Dravid told reporters. "We haven't had a chance to see him as he's in quarantine." Dravid did not say whether fast bowler Jasprit Bumrah would lead the … [Read more...] about Cricket-India to take late call on Rohit’s inclusion after positive COVID test
CAPE TOWN (Reuters) - South Africa have recalled fast bowler Anrich Nortje and all-rounder Wayne Parnell, and handed a first Twenty20 International call-up to batsman Tristan Stubbs, for the five-match tour of India starting on June 9. Nortje, 28, returns to the squad after a hip injury forced him out of the home series against India and Bangladesh earlier this year. He has proven his fitness for the Delhi Capitals in the Indian Premier League (IPL). Parnell, 32, returns to the T20 set-up after five years away having also recently featured in the One-Day International side following a long absence. Stubbs, 21, is rewarded for fine domestic form this season which also saw him get a surprise call up to the Mumbai Indians camp for the IPL. "Tristan Stubbs is an exciting prospect and we’re keen to see what he’s made of," convener of selectors Victor Mpitsang said in a statement from Cricket South Africa on Tuesday. "The country can also join us in a collective sigh of relief … [Read more...] about Cricket-Nortje, Parnell return for South Africa’s T20 tour of India
Share to Twitter Share to Linkedin Jarnell Stokes was recruited early on in his basketball career to follow in the footsteps of some of the NBA’s greatest players. After a career altering injury in 2018, he had to pivot – embracing his Memphis roots and a deep mindfulness. Stokes is now a successful crypto investor, entrepreneur, published author, and movie producer. And he’s just getting started. Brendan Doherty: Let’s start early - how did growing up in Memphis in the ‘90s shape who you are today? Jarnell Stokes: Memphis is an extremely authentic place when it comes to diversity, it’s a booming place. I call it the new Harlem. Much like Harlem in the 1920s, Memphis is seeing many African American artists and creatives rising up. I feel that heritage is engraved in me and has made me a tough-minded individual. The thing that stands out in my mind is the music - hearing the trombones and the tubas, the flutes, the drum line filling. That's what I … [Read more...] about Icon: NBA Pro Turns Injury Into Wins Across Crypto, Hollywood, & Mindfulness
Stock Market Today: The Indian market ended lower after a volatile session on June 29, a day ahead of the monthly expiry with investors also nervous about monthly auto numbers and PMI data to be released later in the week. At close, the 30-pack Sensex lost 0.25 percent, or 134.31 points, to end the day at 53,027, while the broad-based Nifty ended lower by 32.95 points, or 0.21 percent, at 15,799. “Consumer confidence is declining rapidly due to the uncontrolled and constant rise in inflation as India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short-term”, said Vinod Nair, Head of Research at Geojit Financial Services. The domestic market, however, was able to recover most of the losses due to a strong movement in index heavyweights, PSUs, metals and oil & gas stocks before squandering some of the gains at the end of the day due to a volatile global … [Read more...] about Taking Stock | Market ends lower in choppy session ahead of expiry, auto and PMI data
Representative Image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reliance Industries (RIL) has said it is “unable to comment” on reports in a section of media that is considering buying bankrupt American cosmetics major Revlon. In a statement to stock exchange late on June 27, Reliance said it was “unable to comment” on the media speculation and rumours that first surfaced on June 24. The buzz was that Reliance was considering buying out Revlon in the US . The oil-to-telecom conglomerate said it “evaluates various opportunities on an ongoing basis”, and it would be inappropriate to comment on speculation. News reports claimed RIL was considering an offer just days after Revlon filed for Chapter 11 bankruptcy on June 16. Revlon endured loss of business during the coronavirus pandemic, which followed years of dwindling … [Read more...] about No comments, says RIL to reports of plan to acquire Revlon
Share to Twitter Share to Linkedin Key News Asian equities were largely higher as China, the Philippines, and Malaysia outperformed. Hong Kong and China both opened lower but did a mid-day 180 as reports came in that visitors to China will have their fourteen-day quarantine reduced to seven days. The post-quarantine at-home quarantine was also reduced to three days from seven. Travel-related stocks outperformed today, such as Trip.com HK (9961 HK) +16.54%, Macau casinos, hotels, and airlines. Coincidentally Trip.com (TCOM US) reported Q1 2022 results after the US close yesterday that beat analyst expectations (revenue RMB 4.11B versus estimate RMB 3.85B, adjusted EPS RMB -0.06 versus analyst expectations of RMB -0.46). Reports that Chinese President Xi Jinping will be in Hong Kong this Friday, appear to be confirmed, opening the possibility for more financial reform announcements for the city. Western media seems to be picking up on the reality that … [Read more...] about Trip.com Financial Results Beat & Benefits From China Covid Easing
Share to Twitter Share to Linkedin Key News Asian equities were a sea of red following the US equity downdraft yesterday. China and Hong Kong were hit with a round of good old fashion profit taking in advance of Friday’s Hong Kong market holiday. Yes, President Xi reiterated the success of the zero covid/lives first policy while visiting Wuhan. At the same time, early indications are that Chinese travelers are aggressively booking domestic and foreign travel following the easing of quarantine policies. According to a mainland article, “…the search volume for air tickets on the platform increased 60% within 30 minutes, the search volume for hotels doubled, and the search volume for trains increased by up to 1.5 times”. That’s the first half-hour! A mainland media source noted that the Ministry of Industry and Information Technology (MIIT) removed the identification star of those who had traveled to cities with a covid outbreak on people’s phone-based … [Read more...] about Profit Taking Hits Despite Travel Booking Bonanza Post Quarantine Easing
Share to Twitter Share to Linkedin One of the striking images of recent current affairs is the leaders of France, Germany and Italy in a train compartment on their way to Kiev. Trains have played an important part in the history of European wars. For instance, armistices for the first and second world wars were signed in carriages and the professionalisation of the German army officer class in the lead up to the first world war was driven by the need to rationalise complicated train timetables (it’s a long story). Emmanuel Macron’s trip to Kiev offered him a much-needed chance to clarify his stance on the war, though his return to Paris was less happy as he subsequently lost his absolute majority in parliament. My sense is that the rise of the far left and right in France is less damaging in the near term for Macron – he will likely gain support from the right ‘Les Republicans’, to the long-term benefit of Edouard Philippe perhaps. What is more interesting in … [Read more...] about Do Ukraine And Roe V. Wade Mean The End Of Democracy?
Share to Twitter Share to Linkedin The July 2022 issue of the respected Foreign Affairs journal contains an article that forecasts ‘America’s ‘Coming Age of Instability’ (by Steven Levitsky and Lucian Way). That the article posits America’s descent towards Hungarian/Russian style autocracy, something that would have been surprising ten years ago, but today is the norm, chillingly so. For example, in January 2022, the front cover of the Economist magazine that shows the Republican Party in the USA ‘walking away from democracy’ It is remarkable in the sense that journals like Foreign Affairs, and the broader foreign policy community in America have habitually encouraged the spread of democracy across the world and on occasion pronounced themselves worried about democracy in Europe. More troubling for the rest of the world, that the lodestar of modern democracy is beset by institutional decay and the withering of its democracy is a grave concern. It is … [Read more...] about Is Roe Vs Wade Just The Latest Blow To Democracy?