Strategic options

China’s government-run Xinhua News Agency announced on Tuesday that the Communist Party would lower gasoline and diesel prices nationwide, a move following growing purchases of cheap Russian petroleum products and of American gasoline leftist President Joe Biden released from the country’s Strategic Petroleum Reserve (SPR). “The prices will go down by 130 yuan (about 19 U.S. dollars) per tonne and 125 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC),” Xinhua reported . The communist regime outlet noted that the price drop was the fifth of its kind this year and fourth since June. The government agency announcing the move, Xinhua detailed, acted in response to a drop in international oil prices – partially fueled by a collapse in demand in China, where the Communist Party regularly, and arbitrarily, imposes sweeping Chinese coronavirus lockdowns in major cities without warning. Xinhua did not report what gasoline and diesel … [Read more...] about China Announces Major Gasoline Price Cut After Biden Sends Strategic Reserve Oil to Beijing

The Fed has raised its benchmark interest rate again by a whopping 0.75%. The Reserve Bank of India has also been forced to raise interest rates further but also take other steps. These decisions in the Monetary Policy Committee (MPC) meeting are based on what the members of the MPC see as the likely course of the economy in the months ahead. But, the trajectory of the world economy, and its likely impact on the Indian economy, is imponderable. So, Indian policymakers would face two crucial problems. First, the main uncertainty is due to Russia’s war on Ukraine and the resultant economic sanctions on Russia, as well as the zero-COVID-19 policy in China that repeatedly implements lockdowns leading to global supply bottlenecks. Second, policy has to base itself on data. If it is deficient, it introduces additional uncertainty, making projections for the future difficult and causing policies to fail. This will compound the problem that results from the global uncertainty. … [Read more...] about Macrovariable projections in uncertain times

Former skipper Virat Kohli and a fit-again K. L. Rahul on Monday returned to a 15-member Indian squad for the Asia Cup while senior pacer Jasprit Bumrah missed out owing to a back injury. The Asia Cup will be held in Dubai and Sharjah from August 27 to September 11. Also Read Jasprit Bumrah ruled out of Asia Cup with back injury Rahul, who did not feature in the T20 series against the West Indies due to COVID-19, has recuperated from his sports hernia surgery, and is back as vice-captain. Shreyas, Axar dropped from main squad The notable names dropped from the main squad are batter Shreyas Iyer and left-arm spinner Axar Patel. Seamer Deepak Chahar, who has had a four-month lay-off due to a hamstring tear and a back injury was also among reserves. The other absentee from the squad was pacer Harshal Patel, owing to a rib injury. "Jasprit Bumrah and Harshal Patel were not available for selection owing to injuries. They are currently undergoing rehab at the … [Read more...] about Asia Cup | Kohli, Rahul back in India squad, Iyer on standby list

Realty major DLF is evaluating a bid for Delhi’s Ambience Mall, which has a starting auction price of $366 million (about Rs 2,900 crore). The 1.2 million-square-feet mall, located in south Delhi, is up for auction as the Ambience Group, its owner, has not paid a debt of $149 million (about Rs 1,200 crore), according to a Reuters report. The mall, situated at Vasant Kunj in Delhi, owes the debt to Indiabulls Housing Finance and other creditors. The real estate developer will consider the mall’s contractual obligation and occupancy status before deciding on the bid, said the report, which quoted sources and a public notice. The public notice said the auction will end on September 5, said the report. It added that two companies have already expressed interest in the mall, quoting an Indiabulls executive involved in the auction process. According to the report, DLF, Ambience Group director Aman Gehlot and Indiabulls did not immediately respond. The Ambience Mall in delhi has big … [Read more...] about DLF Plans To Bid For Delhi’s Ambience Mall; Starting Auction Price At $366 Million: Report

The human race has been looking for a means to maintain youth and beauty for ages. There are countless choices, from having surgery to applying ointments. Every product that claims to be the ultimate cure-all for flawless, youthful skin can be found in the supermarket, so take a stroll there. Facial exercises are one of the newest alternatives that are gaining popularity since they tone the face and ward off skin problems. The purpose of facial muscle exercises: Try some of these face-firming exercises; they are fully natural, cost-free, non-invasive, and not at all onerous. The muscles’ suppleness declines with age, and this is evident as fine lines and wrinkles. Facelift exercises tone the face’s muscles and give it a young shape. The use of hands for facial yoga may be able to remove years from one’s appearance. Previously, beauticians believed that touching the face frequently causes acne and wrinkles. In fact, face fitness shops use activities for acne-prone skin. These … [Read more...] about Top 10 Facial Workout for Treating Skin Damage

Tata Motors has launched the Tigor XM iCNG at a sticker price of Rs 7.39 lakh (ex-showroom price, Delhi) in the Indian market. The brand had launched the Tigor iCNG range earlier this year in the domestic market. Tata Tigor XM iCNG will be the new base variant in the CNG range of the sedan with no mechanical update at all. The Tigor XM iCNG is equipped with multiple premium features in the form of Harman Infotainment System with 4 speaker system, power windows, central locking, rear parking sensors amongst others. It can be availed in four color choices namely Opal White, Daytona Grey, Arizona Blue, and Deep Red. Commenting on the launch, Mr. Rajan Amba, Vice President, Sales, Marketing and Customer Care, Tata Motors Passenger Vehicles Ltd. said, “The Tigor has been an extremely special product for us and the addition of the iCNG variant has propelled our momentum further in the segment. Currently, more than 75% of the customer bookings of the Tigor are coming from the iCNG variant … [Read more...] about Tata Tigor XM iCNG Launched; Priced at Rs 7.39 Lakh

Honda Power Pack Energy India Private Limited (HEID) in association with Hindustan Petroleum Corporation Limited (HPCL) has started Honda e:swap services from August 6, 2022. The battery swapping service will be operated by HEID at the HPCL petrol stations. HEID was founded in November last year to start the battery swapping service in electric auto rickshaws. HEID’s battery swap service will enable rickshaw drivers to stop by at the nearest battery stations being setup across the selected cities and replace discharged batteries (Honda Mobile Power Pack e:) with fully charged ones. The use of this service will significantly reduce drivers’ initial cost to purchase EV as well as reducing concern about range. Earlier this year in February, both HEID and HPCL signed a MoU to join hands in the field of E-mobility while committing to develop battery swap station network. HEID has already set up its battery exchanger (Honda Power Pack Exchanger e:) at strategic locations among HPCL’s … [Read more...] about Honda Starts Battery Swapping Service in Bengaluru at HPCL Petrol Pumps

By Corey Graff, Gun Digest In this Steyr Pro THB review, see why the new tactical Steyr rifles are giving competitors a run for their money. This test looks at a new model set in a McMillan stock. In a crowded field of factory sub-$2,000 long-range rifles that can pound tiny groups, Steyr rifles seem — at least in the U.S. — to be an afterthought. Given Steyr’s long history of producing military rifles and the adoption by several militaries and special forces groups of the Steyr SSG-08 sniper rifle, coupled with some of the most accurate cold hammer-forged barrels made anywhere, that lack of popularity is baffling, to say the least. The new Steyr Pro THB (Tactical Heavy Barrel) variants could change perceptions in the long-range shooting world. The THB lineup deserves a place among other affordable precision rifles such as the Tikka T3x, Bergara B-14 HMR, Howa KRG Bravo, and Ruger Precision Rifle, among others. Now Steyr has debuted two new variants of the THB that should … [Read more...] about Gun Test: Steyr Pro THB McMillan With Kahles 525i Scope

As the war in Ukraine continues with no end in sight , concerns are mounting in Washington—in both Democratic and Republican circles—that the Biden administration is holding back from supplying Ukraine with certain weapons that could give the invaded country a clear edge against Russia. The dispute centers around a mobile rocket launcher known in military circles as “HIMARS” (High Mobility Artillery Rocket System). It’s essentially a lightly armored military truck capable of firing multiple rockets. And the controversy on Capitol Hill is whether the United States should be supplying Ukraine with longer-range missiles—ones capable of traveling deep into Russia. Most lawmakers are grateful the United States has already supplied Ukraine with these HIMARS. Just this week, the Biden administration announced a new aid package that includes more munitions for the HIMARS. But many lawmakers also said they were concerned the Biden administration was holding back on longer-range munitions, … [Read more...] about Lawmakers Want Better Weapons for Ukraine. Biden Isn’t So Sure.

MIAMI (AP) _ Norwegian Cruise Line Holdings Ltd. (NCLH) on Tuesday reported a loss of $509.3 million in its second quarter. On a per-share basis, the Miami-based company said it had a loss of $1.22. Losses, adjusted for stock option expense and non-recurring costs, came to $1.14 per share. The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share. The cruise operator posted revenue of $1.19 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.26 billion. For the current quarter ending in October, Norwegian Cruise Line said it expects revenue in the range of $1.5 billion to $1.6 billion. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on NCLH at https://www.zacks.com/ap/NCLH … [Read more...] about Norwegian Cruise Line: Q2 Earnings Snapshot