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College of Policing

Novartis scraps sale of assets including COVID-19 hopeful to India’s Aurobindo

NOVARTIS AG on Thursday (2) scrapped the $1 billion sale of U.S. generic pill and skin drug assets to India’s Aurobindo Pharma Ltd as regulators balked, setting back the Swiss drugmaker’s shift to more profitable medicines. The cancellation leaves hydroxychloroquine, an older malaria drug that Novartis Chief Executive Vas Narasimhan is touting as a potential […]

IMF declares global recession

THE International Monetary Fund (IMF) said that the world has entered a recession due to COVID-19 pandemic. It projects a recovery next year. “We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad as or worse than in 2009. We do project […]

COVID-19: Dassault stops production of Rafale jets for India

THE production of Rafale fighter jets for India at the Dassault Aviation facility has been stopped on Friday (20) till March 31 in view of the French government’s precautionary measures to contain coronavirus spread. However, Indian Air Force (IAF)said that this will have “no effect” on the arrival of the first batch of jets in […]

UK becomes co-chair of India-led global climate initiative

THE UK on Friday (20) confirmed as the first co-chair of the governing council on the India-led global Coalition for Disaster Resilient Infrastructure. The coalition was established by Indian prime minister Narendra Modi and is a voluntary international grouping, linking governments, UN agencies, banks, private sector groups, and academia to develop the resilience of infrastructure […]

Women-led businesses face a credit gap of $1.5 trillion: World Bank

Globally, women-led businesses face a credit gap of $1.5 trillion, estimates the  International Finance Corporation (IFC), the World Bank Group’s private-sector lending arm. The Women Entrepreneurs Finance Initiative (We-Fi), based at the World Bank, is designed to help address this funding shortage and help remove other barriers women entrepreneurs face, says David Malpass, President of […]

World economy faces worst year since 2009

THE Bank of America economists warned clients that they now expect 2.8% global growth this year, the weakest since 2009. They said the US will expand the least in four years. “The risks are still skewed to the downside,” BofA economists led by Ethan Harris said in a report. “Our forecasts do not include a […]

Code Zero Consulting acquisition will enhance Cognizant’s digital capabilities

Cognizant has acquired Atlanta-based privately-held Code Zero Consulting which specializes in helping companies digitally transform by providing strategy, implementation and migration capabilities to evolve legacy systems to cloud-based CPQ and billing systems. The acquisition will strengthen Cognizant’s cloud solutions portfolio and Salesforce CPQ and billing capabilities. The company has not disclosed financial details of the […]

India world’s most open, investment-friendly economy: Modi

INDIA is the world’s most “open and investment friendly” economy, prime minister Narendra Modi said here on Thursday (14) as he wooed the BRICS business leaders, urging them to invest in the country and take advantage of its “limitless” possibilities and “countless” opportunities. Addressing the closing ceremony of the BRICS Business Forum, prime minister Modi […]

Modi hopes BRICS summit will boost economic, cultural links

INDIAN prime minister Narendra Modi on Wednesday (13) hoped that the BRICS summit will enhance the economic and cultural linkages between the member nations as he arrived in the Brazilian capital to take part in the two-day meeting. “Reached Brazil to take part in the BRICS Summit. Will also meet various world leaders during this […]

Telecom giant Vodafone posts loss on new India fallout

VODAFONE on Tuesday (12) posted a net loss of more than €2.1 billion (£1.81bn) in its first half after India’s Supreme Court ordered telecoms companies to pay long-standing bills. In the six months to September 30, the British group’s loss after tax stood at €2.128bn. However, that was far less than its net loss of […]

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