Tag: Cost

  • Chinese invasion of Taiwan could cost world economy USD 1 trillion: US intelligence

    Chinese invasion of Taiwan could cost world economy USD 1 trillion: US intelligence

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    Washington: US intelligence officials predicted that a Chinese invasion of Taiwan or an attack as early as 2025 on the island nation could cost the world economy USD 1 trillion, reported Taipei Times.

    US Director of National Intelligence Avril Haines presented what she called a “general estimate” during testimony before the US Senate Armed Services Committee on Thursday.

    “A Chinese invasion of Taiwan could halt production by the world’s largest advanced chipmaker, wiping out up to USD 1 trillion per year from the global economy in the first few years,” said the top US intelligence official.

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    The advanced semiconductors produced by Taiwan Semiconductor Manufacturing Co (TSMC) are used in 90 per cent of “almost every category of electronic device around the world,” said Haines.

    Haines said that Chinese President Xi Jinping is leaning toward unifying with Taiwan in a “peaceful” manner, but is also preparing possible military action to achieve that goal, reported Taipei Times.

    “I think we continue to assess that he [Xi] would prefer to achieve unification of Taiwan through peaceful means,” she said.

    If a Chinese invasion stopped TSMC from producing those chips, “it will have an enormous global financial impact that I think runs somewhere between USD 600 billion to USD 1 trillion on an annual basis for the first few years,” she said.

    “It will also have an impact on [US] GDP if there was such an invasion of Taiwan and that [TSMC’s production] was blocked,” Haines said.

    However, Haines said it would also have a large impact on China’s economy, reported Taipei Times.

    To deal with that risk, TSMC is investing USD 40 million to build two sophisticated wafer fabs in Arizona at Washington’s urging.

    A fab using the 4-nanometer process is scheduled to begin mass production next year, and the other, using the more advanced 3-nanometer process, is slated to mass-produce chips starting in 2026, reported Taipei Times.

    Haines’ comments came after US Senator Rick Scott raised concerns about the possibility of China invading Taiwan, citing Xi’s remarks in the past year suggesting that he was preparing the Chinese population for a war against Taiwan.

    Xi has directed the Chinese military to “provide him with a military option, essentially, to be able to take it without concern of [US] intervention,” which is expected to “have a meaningful impact on his capacity to do so,” Haines said.

    Also at the hearing, US Defense Intelligence Agency Director Scott Berrier appeared to have greater concern than Haines about a possible invasion of Taiwan, saying that Xi’s rhetoric has been “picking up” after he assumed his third term as president, reported Taipei Times.

    Berrier provided a list of possible invasion dates ranging from 2025 to 2049. “I think the bottom line is he’s told his military to be ready,” Berrier said.

    Haines said the relationship between the US and China has become “more challenging,” citing a speech made by Xi in March in which he blamed Washington for suppressing Beijing, reflecting his distrust of the US and his belief that Washington is seeking to contain his country, reported Taipei Times.

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    #Chinese #invasion #Taiwan #cost #world #economy #USD #trillion #intelligence

    ( With inputs from www.siasat.com )

  • Liquor to cost less in Telangana as special cess removed

    Liquor to cost less in Telangana as special cess removed

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    Hyderabad: The Telangana government on Friday has given a sign of approval for the proposition of the Telangana State Beverages Corporation Limited to decrease the current Exceptional price of Indian Made Foreign Liquor (IMFL) and Foreign Liquor (other than beer).

    Beginning on Friday, the stocks shipped from the bottling units will be subject to the revised Securities and Exchange Commission (SEC) rates.

    The revised rates anticipate a reduction of Rs.10 on liquor bottles of 90 and 180 millilitres (ml), Rs.20 on bottles of 375 ml, and Rs.40 on bottles of 750 ml.

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    As of Friday, the liquor manufactured that is still in depots or stores, which includes stock in transit and waiting trucks before the depots, will be sold at the current MRP.

    At a teleconference with officials on Friday, Prohibition and Excise Commissioner Sarfaraz Ahmad stated that the liquor manufactured from May 5, 2023, is directed to bear price stickers with new MRP and sold at new rates.

    The commissioner further ordered to display of a new MRP in all wine retailers.

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    #Liquor #cost #Telangana #special #cess #removed

    ( With inputs from www.siasat.com )

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  • Cost of Priyanka Chopra’s Bulgari diamond necklace at Met Gala is…

    Cost of Priyanka Chopra’s Bulgari diamond necklace at Met Gala is…

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    Mumbai: Priyanka Chopra is well-known for her impeccable sense of style, but her latest accessory at the 2023 Met Gala took things to a whole new level. The Bollywood sensation wore a Bulgari 11.6-carat diamond necklace, which left everyone speechless.

    The lovely piece that everyone has been talking about is estimated to have a whopping price of (USD 25 million) approximately Rs 204 crores! Yes, you read that correctly. The price of Priyanka’s neckpiece would make anyone’s jaw drop.

    image 1

    What’s more, there’s a viral tweet about it going around. “Her USD 25 million @Bulgariofficial necklace will be auctioned off after the Met Gala @priyankachopra,” the tweet says.

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    tweet 1653206769169231872 20230502 144130 via 10015 io

    The diamond necklace is expected to be auctioned off following the Met Gala, and we can only imagine how much fuss it will cause among jewellery collectors and enthusiasts. The Bulgari necklace was the ideal complement to Priyanka’s Valentino-designed black gown with a thigh-high slit. The actress walked the red-carpet hand in hand with her husband, Nick Jonas, who looked equally dashing in his suit.

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    A post shared by expensive_newssss (@expensive_newssss)

    Priyanka’s bold fashion statement at the Met Gala strengthened her status as a global fashion icon. Her effortless style and unparalleled glamour have left us all speechless. We can’t wait to see what else Priyanka has in store for us in terms of fashion and jewellery in the future.



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    #Cost #Priyanka #Chopras #Bulgari #diamond #necklace #Met #Gala

    ( With inputs from www.siasat.com )

  • Oppo A17k (Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers

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  • Oppo A17k (Navy Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers

    Oppo A17k (Navy Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers

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  • Cost of Pooja Hegde’s Christian Dior bag will shock you!

    Cost of Pooja Hegde’s Christian Dior bag will shock you!

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    Hyderabad: If you appreciate high-end fashion and luxury accessories, you may be familiar with Christian Dior’s iconic fashion house. If you like their designs, you’ll love the Natural Cannage Tote Bag, which was recently carried by actress Pooja Hedge.

    This stunning bag reflects elegance and sophistication, with a beige colour and a stunning grey pattern that adds an extra touch of style. It’s the perfect finishing touch to any elegant and classy outfit, and it’ll turn heads wherever you go.

    But what truly distinguishes this bag is its price—a whopping Rs. 3L! Yes, you read that correctly. This is no ordinary handbag. It’s a fashion statement that exudes luxury and exclusivity, and it’s definitely not for the faint of heart.

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    The Christian Dior Natural Cannage Tote Bag is a must-have for those who enjoy the finer things in life. It’s an investment in your style and image that will make you feel like a million bucks every time you wear it. This bag is sure to turn heads wherever you go, whether you are a fashionista looking to make a statement or just someone who appreciates the finer things in life. If you want to treat yourself to a little bit of luxury, this bag is well worth the money.

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    #Cost #Pooja #Hegdes #Christian #Dior #bag #shock

    ( With inputs from www.siasat.com )

  • ‘The cost is crazy’: fighting in Sudan sends food prices soaring

    ‘The cost is crazy’: fighting in Sudan sends food prices soaring

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    “I haven’t sold anything since 6am today,” said Adam Musa, a vegetable seller at Omdurman’s open-air market, as fighting between the Sudanese army and the Rapid Support Forces raged a few miles away. “There are no people buying.”

    Musa, 55, faced two problems: a lack of customers, and an inability on the part of those who did come to pay what he was charging.

    His costs had increased sharply since violence broke out in Omdurman’s neighbouring city of Khartoum and elsewhere around Sudan on 15 April. In particular, fuel costs have soared, affecting the prices of all commodities, as fuel stations have closed down and petrol supplies have moved over to the black market.

    “The cost of transporting is crazy,” he said. “I used to pay 1,500 SDG [Sudanese pounds; about £2] to transport my vegetables from Al-Shaabi souk on the other side of Omdurman. Now it is 10,000 SDG [£13.40]. I understand why it is so expensive. The transporters buy their fuel from the black market. God, make our lives easier.”

    Only about 50% of the stalls at the market were open, and those who had ventured out looking for food faced price rises across the board: a kilo of beef up from 3,500 to 8,800 SDG; a kilo of tomatoes up from 330 to 3,000 SDG; a small bag of onions up from 6,000 to 10,000 SDG. Sugar, a vital commodity in Sudan, rose from 6,000 SDG for a 10kg basket to 10,000 SDG before disappearing from the market altogether.

    Despite the sound of gunfire, the looting and the security vacuum, the dominant conversation among people in Omdurman is how expensive life has become.

    Khamiesa Nimir, 44, a mother of eight, said she had fled the neighbourhood where she lived to the north of Omdurman because the fighting was getting close and armed robberies were taking place. “You can’t walk along the street alone,” she said.

    Nimir said the cost of food and transport was rapidly rising beyond her reach. “My children haven’t had food since yesterday,” she said, adding that she had begged the driver of the minibus that brought her to this part of Omdurman to charge her 300 SDG instead of the 500 he had initially demanded.

    “We are so poor … I was hoping to go to my mother in South Kordofan [a state on the border with South Sudan], but the bus ticket is unaffordable for me and my children,” she said.

    As black smoke rose to the east, gunfire could be heard from inside the market as stallholders tried to scare away thieves.

    “This is normal, they are chasing robbers, especially from the gold market,” a falafel stallholder said as he tried to reassure a woman who had begun to run away when she heard the firing. “You need to be extremely careful,” he told the woman. “They will take everything you have, even the plastic bag you are carrying, let alone the mobile phone in your pocket.”

    El-Daw Ali, 63, a father of seven who owns a small restaurant in Ombadah, in west Omdurman, said the cost of a meal for one consisting of four small pieces of fish had doubled from 500 to 1,000 SDG since the fighting began.

    Ali’s usual source of fish is the big fish market in Khartoum, located on the west bank of the Nile, but it has been forced to shut down by the fighting.

    “I went to buy fish from small fishermen on the White Nile banks instead,” Ali said. “I had to cross past RSF forces who are deployed on the streets along the way. The fighting was going on around me. But what can I do? The situation is awful, I just hope things will calm down.”

    He apologised to an elderly woman who in normal times he would not charge. “I’m really sorry, I can’t help you today,” he said. “You need to pay to get the fish.”

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    #cost #crazy #fighting #Sudan #sends #food #prices #soaring
    ( With inputs from : www.theguardian.com )

  • Hyderabad: Sanathnagar crematorium to be revamped at Rs 10 cr cost

    Hyderabad: Sanathnagar crematorium to be revamped at Rs 10 cr cost

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    Hyderabad: Greater Hyderabad Municipal Corporation (GHMC) is set to revamp the crematorium near Employees State Insurance Corporation (ESIC) Hospital in Sanathnagar.

    According to the reports, the crematorium will have more features and facilities than Vaikunta Mahaprasthanam, Jubilee Hills.

    GHMC will be developing the facility with Rs 10 crore to include funeral platforms, a building with seating arrangements, amenities like drinking water and wash areas, storage facilities for ashes, lockers, prayer hall, sufficient parking, and others.

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    Landscaping work will also be done along with the laying of pathways and plantations.

    “As a part of the security measures CCTV cameras will be installed and security guards will be deployed. We are also planning to stream the last rites online for family members that are unable to attend the funeral,” said animal husbandry Minister, T Srinivas Yadav.

    He said that the crematorium which is currently set in 7.5 acres will be developed with more facilities than the Vaikunta Mahaprasthanam. The facility will be made available for the city residents from Sanathnagar, Jubilee Hills, Kukatpally and Khairatabad areas.

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    #Hyderabad #Sanathnagar #crematorium #revamped #cost

    ( With inputs from www.siasat.com )

  • Oppo A57 (Glowing Green, 4GB RAM, 64 Storage) with No Cost EMI/Additional Exchange Offers

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