Investors from the United States, China, and India have shown interest in a new port project in southern Peru. This port, expected to cost approximately $844 million, aims to accommodate large vessels for international shipping. Regional officials confirmed that multiple companies are exploring partnership opportunities for the project. A timeline for construction and additional investments has yet to be finalized.
Some senior American executives are lukewarm about attending the Asia-Pacific Economic Cooperation summit and related business events in Shenzhen next month, according to people familiar with the matter. They cited limited scheduling details, few expected breakthroughs and a lack of opportunity for meaningful engagement. Beijing has invited multiple US business leaders – particularly those who joined President Donald Trump’s May trip to China and later attended the White House state dinner for...
A magnitude 6 earthquake occurred in Panama, following the earlier magnitude 7.7 quake on Friday. The recent earthquakes have caused injuries and significant damage, particularly in several provinces. Emergency services reported at least 27 injuries and nearly 900 damaged homes throughout the area. Authorities fear that the toll could rise as they assess remote communities for further damage.
Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Tim Cook, executive chairman of the board of directors of Apple Inc., at the Great Hall of the People in Beijing on Monday.
US Stock Market update: Micron Technology fell 3.9 per cent, Advanced Micro Devices dropped 2.3 per cent, Broadcom slid 1.9 per cent and Nvidia gave up 1.3 per cent.
Maharashtra Charity Commissioner has mandated that Sir Dorabji Tata Trust respond to governance allegations by October 19. Trust members Venu Srinivasan and Vijay Singh have raised concerns over governance lapses. They questioned the trust's recent involvement in Tata Sons' commercial decisions and Noel Tata's role as trustee. Seven Tata Trusts have filed caveats in response to the growing governance dispute.
Mallika Srinivasan and her daughter, Lakshmi Venu, look for a fair resolution regarding family wealth disputes. Their disagreement involves Venu Srinivasan and Sudarshan Venu concerning wealth distribution within the TVS Group. They emphasize that no equitable settlement has been reached despite ongoing discussions. The family believes transparent valuations and mutual consent are necessary for resolution. Management roles and economic ownership must be clearly distinguished in their negotiations.