Food wine pairing

Share to Twitter Share to Linkedin Topline The Group of Seven nations (G-7) outlined plans for the reconstruction of Ukraine, resolving the global food security crisis, securing energy supply and tackling climate change as a two-day summit of the countries’ leaders in Germany concluded on Tuesday. Key Facts In a summary of its official communiqué issued after the summit, the G-7 reaffirmed its support for Ukraine’s “courageous” defense of its “sovereignty and territorial integrity” and vowed to punish Russia further by coordinating more sanctions and reducing its revenue from energy exports. The G-7 nations pledged a total of $29.5 billion in financial aid for Ukraine’s reconstruction in 2022, plans for which will be made in partnership with Kyiv through an international reconstruction conference. Blaming Russia’s invasion for steep energy prices around the globe, the leaders said they will take immediate steps to secure energy supply … [Read more...] about G-7 Pledges Billions To Help Ukraine Rebuild And Reveals Plan To Tackle Food Security As Summit Ends

- A + A PUTRAJAYA (June 28): The Science, Technology and Innovation Ministry (MOSTI) has 27 technological solutions that are ready to be widely applied to assist the country handle the food security issue in the short run. MOSTI in a statement on Tuesday (June 28) said the technological solutions are divided into several clusters, namely seeds, bio fertiliser, booster fertiliser, use of drone, testing, and internet of things (IoT), aquaculture, as well as livestock feed. "All the technology solutions are the results of local research and development (R&D) financed by the government,” said MOSTI. Among the technology solutions which could be introduced are automated fertigation system, vertical farming, aquaponics combined with artificial intelligence (AI), which is capable of operating in remote areas and reduce the cost of operation through Nano Light Energy Panel (NLEP) solar energy as a primary source of energy. The usage of technology could also be … [Read more...] about MOSTI offers 27 technology solutions to tackle food security

A Sri Lanka Air Force member checks the tokens of people queueing for fuel due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka, June 27, 2022. - A + A COLOMBO (June 28): Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis. The Cabinet decision came as the minister, Kanchana Wijesekera, headed to Qatar and a ministerial colleague was due to arrive in Russia on Sunday for talks on energy deals. Sri Lanka is suffering its worst economic crisis since its independence, with foreign exchange reserves at a record low of US$1.92 billion, according to the Central Bank, though analysts estimate a lower level of useable funds. The island of 22 million people is struggling to pay for essential imports of food, medicine and, most critically, fuel. Sri … [Read more...] about Cash-starved Sri Lanka to end fuel duopoly to ease shortages

Fred Hu, chairman of Primavera Capital Group, poses for a photograph following a Bloomberg Television interview in Hong Kong, China on Monday, Sept 16, 2019. (Bloomberg filepix) - A + A (June 28): The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly US$2 trillion in market value at its peak. Fred Hu, the former Goldman Sachs Group Inc rainmaker who started the US$17 billion Chinese private equity firm Primavera Capital, said reassuring messages concerning regulation, resilient earnings and beaten-down valuations now make the sector interesting for investors. “This could be the beginning of a new era for China tech,” Hu, the firm’s chairman, said in a recent interview. “There’s a lot of value to be discovered,” he said, adding that investors still need to be selective given the high risk profile of such companies. The private equity mogul’s views are one of the … [Read more...] about One of China’s top tech investors sees crackdown turning point

- A + A MILAN (June 28): Dufry AG, the world's biggest duty-free operator, and the Benetton family's Autogrill SpA are working on a deal that would create a leading player in travel retail, the Italian company said on Tuesday, confirming a previous report by Bloomberg. Autogrill confirmed that "there are ongoing discussions, without any exclusivity, regarding a possible integration" with Dufry, according to a statement. Talks between the Swiss and Italian companies were at an advanced stage and an agreement could be signed as soon as next month, people familiar with the matter said earlier, asking not to be named as the discussions were private. Under the deal structure being considered, Dufry would purchase Autogrill and pay in shares, the people said. The Benettons would in turn be the new listed entity's biggest single investor, with a stake of about 20%, the people said. An accord in the travel business would mark a second major deal for Alessandro Benetton … [Read more...] about Autogrill confirms talks with duty-free giant Dufry on tie-up

- A + A (June 28): European Central Bank (ECB) president Christine Lagarde affirmed plans for an initial quarter-point increase in interest rates in July but said policymakers are ready to step up action to tackle record inflation if warranted. Speaking at the ECB’s annual retreat in Sintra, Portugal, Lagarde offered reassurances that a new anti-crisis instrument yet to be announced won’t stand in the way of tackling the fastest surge in consumer prices since the euro was introduced. Her remarks underline the ECB’s base case for normalising monetary policy as some officials float the idea of moving more aggressively. Governing Council member Martins Kazaks said earlier on Tuesday (June 28) that “front-loading” hikes, including a possible larger move next month, could be reasonable. Traders brought forward bets on rate increases, but only see a 25% chance of a half-point hike in July. “There are clearly conditions in which gradualism would not be appropriate,” … [Read more...] about Lagarde vows nimble ECB policy as July hike plan proceeds

G7 leaders gathering for lunch at the Schloss Elmau hotel in Elmau, Germany on Monday (June 27). The G7 leaders have also agreed to take a more coordinated approach to challenging China's 'market-distorting' practices in global trade. (Photo by Susan Walsh/Pool via Reuters) - A + A SCHLOSS ELMAU (June 28): The Group of Seven (G7) economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday. "We invite all like-minded countries to consider joining us in our actions," the G7 leaders said in the communique. The war in Ukraine and its dramatic economic fallout, in particular soaring food and energy inflation, has dominated this year's summit of the group of rich democracies at a castle resort in the Bavarian Alps. The G7 is looking at price caps as a way to prevent Moscow profiting from its invasion of Ukraine, which has sharply raised energy prices, taking the sting out of Western … [Read more...] about G7 agrees to explore cap on Russian oil price — communique

- A + A KUALA LUMPUR (June 28): Mah Sing Group Bhd has acquired a new plot of land in the district of Tebrau, Johor Bahru — the group's first land deal this year — to develop a mixed project that will have an estimated gross value of about RM469 million. In a statement Tuesday (June 28), Mah Sing said the prime land parcel — measuring about 6.938 acres and valued at RM39.29 million — is located in Taman Seri Austin next to an existing McDonald's drive-through, and is accessible via Persiaran Eco Cascadia. The proposed mixed project, M Minori, will comprise three blocks of serviced suites with 1-bedroom, 2-bedroom and 3-bedroom units, with indicative build-outs ranging from 550 sq ft to 880 sq ft, with indicative prices starting from RM260,000. “It is about 6.5km from Mah Sing’s Johor office in the matured township of Austin Perdana, and is targeted for registration of interest in the fourth quarter of 2022. This proposed mixed development also features some retail … [Read more...] about Mah Sing buys Johor land for new mixed project with RM469 mil GDV

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) This week, Russia defaulted on its foreign debt for the first time since the Bolshevik revolution after it failed to pay interest on two bonds during a 30-day grace period that expired Sunday. But to put the event in context, we don't need to go as far back as 1918. Instead, we can look to 1998 . That's the year Russia defaulted on ruble-denominated bonds, triggering a "Moscow meltdown" that infected markets around the globe. Quick rewind: In August 1998 , following years of upheaval after the fall of the Soviet Union, the Russian government defaulted on its local debt and devalued the ruble. The move sparked chaos in Russia, driving up inflation, causing an economic contraction and triggering bank … [Read more...] about Russia’s last default sparked a crisis. This time is different

New York (CNN Business) The coronavirus pandemic has forced everyone to get creative. Whether through Zoom meetings , online fitness classes or take-out cocktails , companies in nearly every industry are pivoting to get through the crisis. Some work-arounds have been especially creative, such as individual exercise "pods" to get people back into gyms. But beyond short-term fixes, many innovative new strategies and business models have emerged that are likely to stick, even as many jurisdictions begin to reopen in some capacity. In many cases, these transformations are thanks to the increased adoption of technology and the digitization of businesses. Many of these changes were underway pre-coronavirus; the pandemic has just accelerated them. "What's important to customers has changed," John Roese, Dell ( DELL ) Technologies chief technology officer , told CNN Business. "We've broken through a bunch of psychological or … [Read more...] about Here are some of the creative new business models and strategies that have come out of the coronavirus pandemic