Small Biz-Economic Times

QUE announces strategic investment from Shikhar Dhawan; joins as partner, brand ambassador

QUE says that onboarding of Shikhar as an investor, partner, and brand ambassador would play a pivotal role in QUE's trajectory

How to tell a great story? Udaipur Tales toys with the idea

Udaipur Tales wants to popularise the oral tradition of storytelling. It envisages a platform where the young and old can participate and enjoy storytelling that is rich in values and experience.

Will shoppers ever care about the destruction of the planet?

Google can produce more than 88 million search results on why fashion is bad for the environment, but the world remains in a state of cognitive dissonance, fueled by its voracious appetite for disposable trends.

A clean technology trade war shows how empires fall

China produces 84% of the world’s solar modules and 86% of its lithium-ion batteries, as well as 67% of the nacelles that join wind turbines' blades to their towers, and 70% of electrolyzers for manufacturing green hydrogen.

Houthis threaten to try to attack ships in Mediterranean Sea

Its attacks are ostensibly in support of Palestinians and against Israel as its war against Hamas in Gaza continues.

Charting the global economy: European growth exceeds projections

Euro zone and US show mixed economic signals. Euro zone exits recession with strong GDP growth, while US faces moderating labour demand. Global economy sees fluctuations in factory output and industrial growth amid inflation concerns.

From entrepreneurs to innovators, why creativity and critical thinking is important in children

Creating an environment that encourages exploration, imagination, and inquiry empowers young minds to think critically, solve problems creatively, and adapt to an ever-changing world.

The symbiotic relationship between AI and sustainability

AI is promising to be a transformative technology, propelling various industries and the economy forward. With the widespread adoption of this technology, a greater emphasis will be placed on the efficient use of data to generate actionable insights, making data centre performance critical to fully leveraging the benefits.

Kuehne+Nagel India, Magenta Mobility join hands to decarbonise road services

Kuehne+Nagel has partnered with Magenta Mobility to transition their fleet in India to electric vehicles, as part of their commitment to sustainability.

Costa Rica coffee exports rise 18% in April

Known for its high-quality arabica beans, Costa Rica exports more than 85% of its coffee harvest, which is expected to be about 16% smaller than the 2023/2023 season.

Surat to Jammu, diverse customer profiles coming through ONDC: Snapdeal’s Himanshu Chakrawarti

Snapdeal’s focus on value e-commerce appears to be doing well with its collaboration with ONDC as it sees a majority of customers from smaller towns and tier-2, 3 cities.

World economy looks to dodge stagflation rut as outlook perks up

The brighter outlook indicates the world economy looks to avoid entering a stagflationary rut — a period of sluggish growth and rising unemployment mixed with elevated inflation

Maersk sees improved prospects for global container trade

The world’s supply lines are suffering from a number of disruptions, with the biggest coming from Houthi militant attacks in the Red Sea, which have cut container line transits through the Suez canal by about 80%, according to Bloomberg Intelligence

India unlikely to impose export curbs on low-grade iron ore, source says

The Ministry of Steel was considering an export tax on iron ore after India's small and secondary steel producers earlier this year petitioned the government to curb rising exports.

Plastic pollution keeps growing. Here are three ways to solve it

The main target of the UN Framework Convention on Climate Change is to eliminate net greenhouse gas emissions by 2060.

The Indian beverage industry has transformed to ''Made in India" for the world

The sector also offers direct and indirect employment to a staggering 79 lakh individuals in India, according to a report, ''Economic Value of the Indian Alcoholic Beverage Industry'' by ISWAI.

Half of all copper mining is at drought risk with climate change

Copper has rallied in recent months to surpass $10,000 a metric ton, fueled by bets on looming shortages as mines struggle to meet rising demand from electric vehicles, grid infrastructure and data centers.

Drought that snarled Panama Canal was linked to El Niño, study finds

Without enough water to raise and lower ships, officials last summer had to slash the number of vessels they allowed through, creating expensive headaches for shipping companies worldwide.

Graphite miners lobby US govt to impose levy on China-sourced EV material

The US government is set to decide in May whether to bring graphite into the list of minerals that attract the higher Section 301 tariff.

China’s EV and solar exports are powering ahead as prices slide

All these numbers show why China’s factory capacity has quickly become the key faultline in a polarizing global economy.

Fight climate change with fiscal discipline

The transition to clean energy requires enormous public investment in electricity generation and distribution, in addition to the far larger expense of mitigating the damage caused by rising temperatures.

Hapag Lloyd CEO says he expects Red Sea crisis to end this year

Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, causing costly redirections around Africa.

Global negotiations on a treaty to end plastic pollution at critical phase in Canada

The treaty talks began in Uruguay in December 2022 after Rwanda and Peru proposed the resolution that launched the process in March 2022.

Say goodbye to potatoes being as cheap as chips

Europeans eat among the highest quantity of potatoes per capita of any region in the world — about 90 kilograms on average a year.

Sodium batteries from Michigan to challenge lithium’s grip

Sodium-ion batteries offer benefits over their lithium-ion counterparts. They can discharge faster, providing short, intense bouts of power.

PayU invests $5M in BRISKPE to boost cross-border payments ecosystem for MSME merchants

This investment underscores the importance of seamless international payments as part of PayU India’s strategy.

How MSMEs can benefit from end-to-end retail solutions

Most MSMEs are unable to build robust end-to-end retail solutions on account of inadequate finances and expertise in a large geography like India.

China passes tariff law as tensions with trading partners simmer

The Tariff Law, which was approved by China's top legislature after three rounds of deliberations going back to 2022, is the latest addition to Beijing's arsenal of trade defence instruments.

Red Sea diversions spew carbon emissions equal to 9 million cars

Instead of passing through Egypt’s Suez Canal, hundreds of vessels since mid-December are sailing around South Africa’s Cape of Good Hope — a detour that adds at least a week to the journey between South Asia and northern Europe.

Charting the global economy: BOJ holds; US inflation won’t let up

The US data this week indicated inflation accelerated in the first quarter, reinforcing expectations the Federal Reserve is likely to keep interest rates higher for longer.

RupeeRedee’s captive NBFC FincFriends raises $7.8 mn to drive financial inclusion in tier-2,3 markets

RupeeRedee is looking to provide better financial flexibility and access to higher credit.

How Software and IT Jobs are disappearing in favour of AI and what is going to fill that vacuum

AI and technology advancements threaten 400 million jobs globally, impacting India's IT sector. Addressing rising unemployment requires skill evolution and innovative educational approaches to prepare for the future workforce demands.

How Account Aggregator can help digital lenders improve collections

Digital processes like loan monitoring, customer segmentation, and communication are being developed and improved to enhance the debt recovery efforts of digital lenders.

Baltimore’s trapped ships start leaving as new channel opens

Officials in Baltimore established a temporary channel so essential ships can traverse the harbor for the first time since the Singapore-flagged ship Dali collided with the bridge on March 26.

Startup ecosystem today is remarkably different compared to 10 years ago: Sanket Atal, Salesforce India

India’s startup ecosystem is fast maturing as people are becoming much more courageous, willing to take risks and establishing right connections, says Sanket Atal.

UPS, FedEx transition to electric vans slowed by battery shortages, low supply

UPS has tested and purchased EVs for decades and is a bellwether for demand. It has more than 150,000 delivery vehicles around the globe and is among the top buyers of step vans.

Trump advisers discuss penalties for nations that move away from the dollar

A verbal backlash against the dollar’s dominance in the global financial system gained traction in 2022, when the US led efforts to impose harsh economic sanctions on Russia, a Group of 20 nation.

‘A damn hard thing to do’: Tesla co-founder JB Straubel takes on battery recycling

The company he built, Redwood Materials, is now the largest battery recycler in North America, and it’s using those recycled materials to manufacture complex battery components.

Surge in shipments to WANA, CIS countries push engineering exports in FY24

Increase in value-added exports and more FTAs with important trade partners especially in Latin America key for trade diversification: EEPC India Chairman

MrMed ventures into physical retail space with launch of store in Chennai

MrMed is set to inaugurate its inaugural physical store in Greams Road, Chennai on 25 April.

How this agri-insurtech player is helping dairy farmers reduce income loss due to excessive heat

IBISA’s heat stress solution aims to revolutionise the industry by a cost-effective way to mitigate climate risks and enhance the sustainability of dairy farming in India.

Climate change poses a child labour ‘threat multiplier’

At least 160 million children, or one in 10, are part of the global workforce—and climate change is a “threat multiplier,” according to recent research published by the International Labour Organization.

Solar companies seek new U.S. tariffs on Asian imports

Petitions come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain.

NFTFN concludes first phase of its fundraise campaign, secures $500,000 in phase one

The initiative has now progressed to its second phase, where it aims to distribute an additional 25 million tokens at $0.030 each, due to the enthusiastic reception from the initial phase.

Dvara E-Registry, IRRI unveil FPOs in Odisha to empower women farmers using eco-friendly agri practices

This collaboration looks at broadening the scope of agricultural production among small and marginal women farmers as well as improving their socio-economic status.

India diversifies food exports as curbs on domestic staples weigh

The export curbs were imposed by the world's second-largest producer of wheat, rice and sugar last year to rein in rising domestic prices.

China’s prices are just too low for buyers to sweat about tariffs

Tension between China and its trading partners is escalating in a US election year, amid allegations the world’s top manufacturer is dumping goods and unfairly subsidising industries.

China’s surging steel exports are inflaming global trade tension

The world’s biggest producer shipped out nearly 26 million tons in the first quarter — 28% more than a year earlier — as the property crisis sapped domestic demand.

As AI boom triggers data centre growth, Schneider Electric steps up to seize the opportunity

Use of artificial intelligence has created the need for enhanced data processing capabilities, and this is leading to a surge in demand for cooling solutions, says Pankaj Sharma, EVP, Secure Power Division & Data Center Business, Schneider Electric.

In Vietnam, farmers reduce methane emissions by changing how they grow rice

Vietnam is the world's third-largest rice exporter, and the staple importance to Vietnamese culture is palpable in the Mekong Delta.

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