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Showing posts with the label Europe

India's role in damaging climate negligible, says PM Modi in Denmark

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  Asserting that India’s role in damaging the climate is negligible, Prime Minister  Narendra Modi  on Tuesday said Indians have had no role in harming the planet and the need of the hour is to promote 'lifestyle for environment'. Addressing the Indian community settled in Denmark during his visit to the Nordic nation, Modi also asked each one of them to convince at least their five non-Indian friends to visit India. "The mindset of use and throw is negative for the planet. It is necessary to get out of consumption oriented approach and the need of the hour is to promote 'LIFE —Lifestyle for Environment'. India's role in damaging the climate is negligible; Indians have had no role in damaging the planet," Modi said. The prime minister further said global climate action does not appear to be succeeding as yet. The world appears to have stopped in its tracks but India has been delivering on its goals ahead of time because of efforts of every single...

Best mattress brand in India, Emma Mattress, joins forces with Goonj to tackle the COVID-19 crisis.

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Non-profit organizations work tirelessly around the clock, around the country and around the world to furnish multi-faceted support to multitudes. They scrape, scrim and save every dive at their disposal to keep their operations afloat. But they don’t budget for something like a global pandemic, and when they’re faced with something of this scale and nature, their business models get turned on their heads. Organizations like New Delhi-based Goonj, with over two decades of exemplary work under its belt – turning urban surplus into functional and helpful resources, and furnishing millions in rural areas with those resources, equipping them with the tools they need to overcome the obstacles they face with self-assurance and dignity – are starring down the barrel of a situation where they might be forced to change the way they operate. These organizations count on public support for their fundraising efforts to not only stay in business but also to continue to serve the communiti...

Facebook opens its biggest engineering hub in London; to create 800 jobs

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Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced. The investment in the office, near Oxford Street in the heart of the city's West End district, will also lead to the creation of 800 jobs, more than half of which will be in engineering. The company, which opened its first office in the British capital ten years ago, said the new site would allow its local workforce to reach 2,300 by the end of next year, a sign that it "is more committed than ever to the UK". The country "has been a huge part of Facebook's story over the past decade", Nicola Mendelsohn, Facebook's vice president for Europe, the Middle East and Asia, told Britain's Press Association. "The UK's flourishing entrepreneurial ecosystem and international reputation for engineering excellence makes it one of the best places in the world to build a tech ...

HSBC profit rise by 5%, announces $2 billion share buyback

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HSBC Holdings PLC on Monday said profit grew 5 percent in the six months through June and announced its third share buyback in a year, indicating continued progress in the six-year turnaround plan of Europe's biggest bank. HSBC, like many global banks, spent the years up to the 2008 financial crisis expanding its empire with a string of acquisitions. Recent years have seen it cut jobs and sell assets worldwide to shrink the group back to profitability and maintain dividend payouts in an era of stricterc. The bank's Chief Executive Officer Stuart Gulliver and Chairman Douglas Flint are both retiring, leaving a legacy of improving revenue and returning more capital to shareholders, having focused on trimming the bank's empire and shifting focus to Asia. The latest share buyback, of up to $2 billion, comes as HSBC uses excess capital to offset the dilutive effect of shares paid out as dividends. It completed a previously announced $1 billion buyback in April. "...