Settlement reached in Fox vs Dominion lawsuit

A last-second settlement has been reached in Dominion Voting Systems’ historic defamation lawsuit against Fox News, the parties announced Tuesday in court.  “The parties have resolved their case,” Delaware Superior Court Judge Eric Davis said.  “Your presence here… was extremely important. And without you, the parties would not have been able to resolve their situation,” the judge … Read more

Trade worry: Sri Lankan exporters flag 30% proposed US tariff; Apparel, rubber sectors may take hit

Sri Lankan exporters have expressed concern over a proposed 30 per cent tariff on goods entering the US, warning that the hike could severely impact key export sectors including apparel and rubber products.The Exporters Association of Sri Lanka (EASL) on Friday urged the government to step up negotiations with Washington ahead of the August 1 … Read more

Affordable housing finance: IIFL gets $100 million from AIIB; green homes, PMAY goals in focus

IIFL Home Finance has secured $100 million (approximately Rs 858 crore) in financing from the Asian Infrastructure Investment Bank (AIIB) to expand access to affordable housing loans and promote green building standards, the company said in a release on Saturday.The funds will be used to support home loans for families from economically weaker sections (EWS) … Read more

Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials … Read more

Festive hiring to jump 20-25% this year; top e-commerce firms to hire over 75,000 staff – check details

Consumer goods firms, retailers, e-commerce platforms and logistics companies have increased their recruitment targets by 20-25% compared to the previous year for the upcoming festive period, anticipating robust sales recovery, according to a senior executives and recruitment specialists.The majority of these positions will be filled by temporary and gig workers, with a major e-commerce marketplace … Read more