Tag: lead

The U.S. and China Are Talking Again. Where It Will Lead Is Unclear.

When Gina Raimondo, the commerce secretary, visited China this week, she joined a long line of U.S. politicians who have come to the country to try to sway Chinese officials to open their market to foreign businesses and buy more American exports, in addition to other goals.

Ms. Raimondo left Shanghai on Wednesday night with no concrete commitments from China to treat foreign businesses more equitably or step up purchases of Boeing jets, Iowa corn or other products. In a farewell news conference, she said that hoping for such an outcome would have been unrealistic.

Instead, Ms. Raimondo said her biggest accomplishment was restoring lines of communication with China that would reduce the chance of miscalculation between the world’s two largest economies. She and Chinese officials agreed during the trip to create new dialogues between the countries, including a working group for commercial issues that American businesses had urged her to set up.

“The greatest thing accomplished on both sides is a commitment to communicate more,” Ms. Raimondo said on Wednesday.

She had also delivered what she described as a tough message. The Biden administration was willing to work to promote trade with China for many categories of goods. But the administration was not going to heed China’s biggest request: that the United States reduce stringent controls on exports of the most advanced semiconductors and the equipment to make them.

“We don’t negotiate on matters of national security,” Ms. Raimondo told reporters during her visit.

While she called the trip “an excellent start,” the big question is where it will lead. There is a long history of frustrating and unproductive economic dialogues between the United States and China, and there are not many reasons to believe this time will prove different.

Forums for discussion may have helped resolve some individual

Ripple hopes judge ruling in SEC case will lead to US banks using XRP

In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. 

Chesnot | Getty Images

Blockchain startup Ripple is confident U.S. banks and other financial institutions in the country will start showing interest in adopting XRP in cross-border payments after a landmark ruling determined the token was not, in itself, necessarily a security.

The San Francisco-based firm expects to start talks with American financial firms about using its On-Demand Liquidity (ODL) product, which uses XRP for money transfers, in the third quarter, Stu Alderoty, Ripple’s general counsel, told CNBC in an interview last week.

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Last week, a New York judge delivered a watershed ruling for Ripple determining that XRP, a cryptocurrency Ripple is closely associated with, in itself was “not necessarily a security on its face,” contesting, in part, claims from the U.S. Securities and Exchange Commission against the company.

Ripple has been fighting the SEC for the past three years over allegations from the agency that Ripple and two of its executives conducted an illegal offering of $1.3 billion worth via sales of XRP. Ripple disputed the claims, insisting XRP cannot be considered a security and is more akin to a commodity.

Ripple’s business suffered as a result, with the company losing at least one customer and investor. MoneyGram, the U.S. money transfer giant, ditched its partnership with Ripple in March 2021.

Meanwhile, Tetragon, a U.K.-based investor that previously backed Ripple, sold its stake back to Ripple after unsuccessfully trying to sue the company to redeem its cash.

Asked whether the ruling meant that American banks would return to Ripple to use its ODL product, Alderoty said: “I think the answer to that is yes.”

Ripple also uses blockchain in its business to send messages between

CPA Australia Survey: Indian small businesses lead in innovation and profitable technology investment | Taiwan News

  • India’s small businesses crowned innovation leaders for third year.
  • Record high recruitment and strong expansion planned for 2023.
  • Increasing costs, especially fuel, and internet connectivity are key challenges.

NEW DELHI, INDIA – Media OutReach – 3 May 2023 – Over three quarters of India’s small businesses are primed for growth in 2023, driven by innovation, digital technologies and customer satisfaction, a new survey shows.

CPA Australia Survey: Indian small businesses lead in innovation and profitable technology investment

Indian small businesses are among the fastest-growing in CPA Australia’s annual Asia-Pacific Small Business Survey. The survey collected views from 4280 small businesses in 11 Asia-Pacific markets, including 561 respondents from India.

Seventy-three per cent of Indian small businesses grew last year, up from 62 per cent in 2021. This momentum is set to continue, with 77 per cent expecting to grow in 2023. Indian businesses topped the survey for expectations they will grow strongly in 2023 (61 per cent).

Indian small businesses are the most bullish in the region with their plans to hire more staff. Eighty percent of respondents increased their employee headcount last year. A record high of 85 per cent plan to add staff this year.

“The robust growth of India’s small businesses can be attributed to their constant improvement in customer satisfaction, strategy and management,” CPA Australia Regional Manager for Emerging Markets Mr Nicklaus Wee said.

“The booming trend in business process outsourcing and IT outsourcing is creating many opportunities for small businesses in India. The deepening collaboration between foreign customers and local service providers has fostered a dynamic ecosystem. This nurtures small companies, attracts talent and brings more knowledge about cutting-edge technologies. It’s not surprising that over half of local small businesses anticipate revenue from overseas sales to increase significantly this year.”

The competitive advantages for India’s small businesses include their innovative culture and adoption of technology. A record high

South Africa hears historic class action for lead poisoning launched by Zambian  children and women

The South Gauteng High Court in Johannesburg will continue hearing a ground-breaking case brought by Zambian children and women against the mining giant Anglo American, seeking compensation for lead poisoning, human rights groups announced today.

At the end of the 12-day hearing that opened on 20 January, the Court will decide whether to certify this unprecedented class action demanding that Anglo American South Africa remedy the adverse health impacts of its mining activities in the District of Kabwe, Zambia. If the case proceeds, it will offer a unique opportunity for residents of Kabwe to have a day in court and secure judicial remedies for the alleged human rights abuses associated with Anglo American’s business operations.

Residents of Kabwe have shown incredible resilience in pursuing legal action against a multinational mining giant

Candy Ofime, Researcher and Advisor – Business and Human Rights at Amnesty International

Amnesty International and the Southern Africa Litigation Centre (SALC) were admitted as joint amici curiae (“friends of the court”) in August 2022 to brief the Court on international business and human rights standards and South African constitutional law relevant for the certification of the class action. The human rights groups stress that South Africa’s duty to regulate the conduct of its companies extends beyond its territorial borders and that Anglo American’s responsibility to respect human rights should inform the Court’s decision to certify this class action.

          “Residents of Kabwe have shown incredible resilience in pursuing legal action against a multinational mining giant and should be afforded the opportunity to make their case before South African courts. Businesses have a responsibility to remediate the adverse human rights impacts of their activities. Remediation starts with a fair access to courts” said Candy Ofime, Researcher and Adviser on Business and Human Rights at Amnesty International.

This lawsuit