Tag: doubles

  • Macron doubles down on French ‘independence’ amid pension reform crisis

    Macron doubles down on French ‘independence’ amid pension reform crisis

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    PARIS — French President Emmanuel Macron drew a connection between his country’s pension reform and Europe’s independence from other countries, during a televised address Monday evening.

    “We are a people who intend to control and choose our destiny, who do not want to depend on anyone, neither on the forces of speculation, nor on foreign powers, nor on wills other than our own, and we are right,” Macron said during the 15-minute speech.

    The French head of state’s TV appearance was the first time he has addressed the nation since he signed his contentious pension reform — which raises the retirement age from 62 to 64 — into law amid a prolonged political and social crisis.

    The president’s reference to independence from “foreign powers” echoed controversial comments he made earlier this month in an interview with POLITICO and French daily Les Echos. On his way back from China, the French president created a stir by saying Europe should avoid being the United States’ follower — including on the matter of Taiwan’s security.

    “One cannot declare its independence: It is built through ambitions, efforts at the national and European level, in terms of knowledge, research, attractiveness, technology, industry, defense. And it is also financed collectively through work,” Macron said Monday.

    European and French independence, he added, is what will “allow us to obtain more justice” and decrease inequalities.

    The bill was greenlit by the country’s top constitutional court on Friday, crushing hopes of opposition parties and unions that the reform could still be stopped.

    The French president, who faces the prospect of a gridlocked parliament, said his government would focus on labor, law and justice, and “progress” in the coming months, with Prime Minister Elisabeth Borne expected to present a more detailed roadmap next week.



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    ( With inputs from : www.politico.eu )

  • Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

    Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh

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    Delhi: Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account Scheme to Rs 9 lakh.

    In her Budget Speech, the minister also announced a new small savings scheme for women.

    “The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh,” the minister said in her 87-minute long speech.

    She also proposed that the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for a single account and from Rs 9 lakh to Rs 15 lakh for a joint account.

    Announcing a new ‘Azadi Ka Amrit Mahotsav Mahila Samman Bachat Patra’, Sitharaman said a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025.

    “This will offer deposit facility up to Rs 2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option,” she said.

    The minister also announced to that an integrated IT portal will be established for investors to reclaim unclaimed shares and unpaid dividends from the Investor Education and Protection Fund Authority with ease.

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    ( With inputs from www.siasat.com )

  • Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga

    Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga

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    San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew 51 per cent to $81.5 billion and net income more than doubled to $12.6 billion.

    In the fourth quarter (Q4) of 2022, the company beat Wall Street revenue estimates, registering $24.3 billion in revenue, a 37 per cent increase from the same quarter last year, and earned $3.7 billion in net income.

    “As we progress into 2023, we know that there are questions about the near-term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates,” said the company.

    “In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap,” it added.

    Tesla said it is prepared for short-term uncertainty, while being focused on the long-term potential of autonomy, electrification and energy solutions.

    Tesla said it delivered 405,278 vehicles to customers in the October-December quarter, and 1.3 million vehicles for the entire 2022.

    “Our relentless cost control and cost innovation is why we believe that no other OEM is better equipped to navigate through 2023, and ultimately succeed in the long run,” it added.

    The Model Y production line in Austin, Texas, produced over 3,000 vehicles in a week towards the end of Q4.

    “Production and delivery challenges in 2022 were largely concentrated in China Since our Shanghai factory has been successfully running near full capacity for several months, we do not expect meaningful sequential volume increases in the near term,” said the company.

    The Model Y production line in Germany produced over 3,000 vehicles in a week towards the end of Q4.

    “We have now released FSD Beta to nearly all customers in the US and Canada who bought FSD (approximately 400,000). This is an important milestone for our company,” Tesla added.

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    ( With inputs from www.siasat.com )

  • Scholz doubles down on refusal of fighter jets for Ukraine

    Scholz doubles down on refusal of fighter jets for Ukraine

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    German Chancellor Olaf Scholz doubled down on his rejection of demands by Kyiv to supply Ukraine with fighter jets on the heels of Berlin’s agreement to send battle tanks.  

    “The question of combat aircraft does not arise at all,” Scholz said in an interview with Tagesspiegel published on Sunday. “I can only advise against entering into a constant competition to outbid each other when it comes to weapons systems.”

    His comments come after a top Ukrainian official said on Saturday that Kyiv and its Western allies were engaged in “fast-track” talks on possibly sending military aircraft as well as long-range missiles to help fight the invasion by Russia.

    Scholz last week ruled out providing fighter jets, citing the need to prevent further military escalation. “There will be no fighter jet deliveries to Ukraine,” he said on Wednesday, soon after Germany and the U.S. agreed to provide advanced tanks for Kyiv’s war effort.

    Ukraine renewed its request for the fighter aircraft almost immediately after Berlin and Washington announced the tanks. Berlin said Germany and its European allies will send about 80 Leopard 2 tanks.

    “If, as soon as a decision has been made, the next debate starts in Germany, this does not look very serious and shakes the confidence of the citizens in government decisions,” Scholz told Tagesspiegel. “Such debates should not be conducted for reasons of domestic political profiling. It is important to me now that all those who have announced their intention to supply battle tanks to Ukraine do so,” he said.

    Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelenskyy, said on Saturday that Kyiv was in talks with allies about aircraft, but that some partners have a “conservative” attitude on arms deliveries. Without citing any partners by name, he said this attitude was “due to fear of changes in the international architecture.”

    Hans von der Burchard contributed to this report.



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    ( With inputs from : www.politico.eu )