On February 5th, a contract for $43 billion to build the World’s largest offshore farm by 2030 has been signed by South Korean President Moon-Jae-in during a ceremony. The power generated by the offshore installation of 8.2GW would be equal to six nuclear reactors, or the effects of planting 71 million pine trees. “With this project, we are […]
Category Archives: Business
09
Feb
Feb
The electric car maker, Tesla Inc. announced on 8th February 2021, the largest cryptocurrency investment of $1.5 billion. After the announcement, Bitcoin hit a new record above $47,000 on Tuesday. Tesla also said, “It will start accepting the digital token as a form of payment for its products”, which would mark the company, the first-ever […]
09
Feb
Feb
In the set of the COVID-19 pandemic, Union Budget 2021-2022 showcased flexibility. The budget made a reckless effort to make sense of the lessons learned from the unremarkable global health crisis. Finance Ministry has confirmed that this is the first time in history to announce a paperless budget due to COVID-19. The government had first […]
08
Feb
Feb
The new government policy of India focuses on the privatization of non-core sectors, the government strongly plans to shrink the number of Public Sector Undertakings (PSUs). The count of Public Sector Undertakings that will be reduced to two dozen is over 300. The government will privatize the non-core sector and at the same time, there […]