ArcelorMittal to temporarily reduce annualised European primary steelmaking production by three million tonnes

Regrettable decision necessary due to combination of weakening demand, rising imports coupled with insufficient EU trade protection, high energy costs and rising carbon costs  6 May 2019, 08:55 CET ArcelorMittal today announces its intention to temporarily idle production at its steelmaking facilities in Kraków, Poland and reduce production in Asturias, Spain. In addition, the planned

Hong Kong Investment Promotion Chief visits India to promote Hong Kong’s unique business roles

HONG KONG, May 6, 2019 – (ACN Newswire) – The Director-General of Investment Promotion, Mr Stephen Phillips of the Hong Kong Special Administrative Region, today (May 6) started his duty visit to Kolkata, Pune and Mumbai in India as part of Invest Hong Kong’s (InvestHK) continued efforts to promote Hong Kong’s business attractions. Mr Phillips

UK Steel: Response to Committee on Climate Change Net-Zero Report 02-05-2019

Commenting on the publication of the Committee on Climate Change’s ‘Net Zero’ report, UK Steel Director General, Gareth Stace, said: “The CCC’s analysis of the road to a net-zero carbon UK lays out clearly the major challenges facing the steel industry in decarbonising in the years ahead. At an estimated abatement cost of £100 per

Indian School of Business signs MoU with Cisco to create India’s first Digitally Intuitive Campus

Hyderabad, May 02, 2019 – Around the world, schools and universities are transforming the way they teach, share, organize, prepare and research — and this transformation is extending to the management of facilities, transportation, and security. As the future of education unfolds, institutions are being forced to rethink their traditional models of learning, research, administration

ICRA: Passenger traffic at Indian airports reports Y-o-Y decline in March 2019; overall FY2019 sees lowest growth in last five years

After years of strong growth, the traffic growth at Indian airports has hit an air pocket with passenger traffic declining by 1.1% (Y-o-Y) in March 2019. This has dragged down the FY2019 passenger traffic growth to 11.6%, making it the lowest over last five fiscals. During the same period, the aircraft traffic grew by 12.1%,

ETIHAD AIRWAYS PARTNERS WITH VISIT CALIFORNIA TO INCREASE TOURISM TO AMERICA’S GOLDEN STATE

Abu Dhabi, United Arab Emirates – Etihad Airways, the national airline of the UAE, has partnered with Visit California to promote the Golden State to travellers from around the world. The agreement was announced this week at the Arabian Travel Market in a signing ceremony with Robin Kamark, Chief Commercial Officer Etihad Aviation Group and

Blockchain: Securing Cryptocurrencies like Bitcoin

Bitcoin is the largest traded cryptocurrency in the world. What cryptocurrency basically means is that it is a digital currency that makes use of encryption for generating money and for verifying transaction. The particular transaction is added to a public ledger commonly known as ‘Transaction Block Chain’ and new coins are generated by a method called mining. In

Vertiv and 451 Research Release New Report on 5G Preparedness and Technical Enablers

With 5G Deployments Advancing Rapidly, Operators Share Plans for Dealing with Increasing Densification, Higher Energy Consumption India, [April 30, 2019] – Vertiv, together with technology analyst firm 451 Research, today released the report on the state of 5G, “Telco Study Reveals Industry Hopes and Fears: From Energy Costs to Edge Computing Transformation.” The report captures

NASSCOM CoE-IoT Announces a Strategic Partnership with GE Healthcare

New Delhi, 30th April 2019: Today, at the 5th edition of Lifesciences & Healthcare Innovation Forum (LHIF), the National Association of Software and Services Companies (NASSCOM) through its Center of Excellence-Internet of Things (CoE-IoT) announced a strategic partnership with GE Healthcare. The partnership is intended to flourish the start-up ecosystem in the country and work

World military spending grows to $1.8 trillion, new SIPRI data

(Stockholm, 29 April 2019) Total world military expenditure rose to $1822 billion in 2018, representing an increase of 2.6 per cent from 2017, according to new data from the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and France, which together accounted for 60