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The Dollar Business Bureau Prime Minister Narendra Modi on Tuesday inaugurated the Global Entrepreneurship Summit (GES) 2017 in Hyderabad, in the presence of Ivanka Trump, Adviser to the President of the United States. Addressing the gathering at the event, Modi called upon global entrepreneurs to “come, make in India, invest in India, for India and for the world.” “I invite each one of you to become a partner in India’s growth story... assure you of wholehearted support,” he said while addressing the gathering of delegates participating from around 150 countries. Modi further said Indian Government clearly understand that for entrepreneurship to flourish in the country, an environment of transparent policies and laws providing a level playing field are important. Speaking the event, Ivanka said that India ...

The Dollar Business Bureau Belying the expectations of analysts, China's exports grew 8.7% in May compared to the previous year, while imports rose 14.8%, according to an official data. With this, the country was left with a trade surplus of about $40.81 billion for May, the Chinese government agency General Administration of Customs of China on Thursday said. Exports in the month of May from the largest exporter of the world were expected to grow at 7%, easing a little from 8% growth in April, according to the analysts polled by Reuters. However, the imports into the country decreased to 8.5%, after a growth of 11.9% in the preceding month. The analysts were expecting the trade surplus of China to have expanded to $46.32 billion ...

PTI South Korea's new President Moon Jae-In was sworn in Wednesday, just a day after a landslide election victory, and immediately declared his willingness to visit Pyongyang amid high tensions with the nuclear-armed North. Left-leaning Moon, a former human rights lawyer, backs engagement with Pyongyang in the quest for peace -- in contrast to the threatening rhetoric from the Trump administration in recent weeks. “If needed I will fly to Washington immediately,” Moon told lawmakers after taking the oath of office in Seoul's National Assembly building. "I will also go to Beijing and Tokyo and even Pyongyang in the right circumstances."  Moon will have a difficult diplomatic path to tread in his approach to the North, which ...

The Dollar Business Bureau The US Department of Homeland Security on Monday announced measures to prevent the fraudulent use of H-1B visas used by the American companies to bring in skilled foreign workers temporarily. The US administration has taken several steps - such as unveiling plans to enhance transparency on applicants and issuing a warning to employers - to keep a check on H-1B visa abuse. "These are important first steps to bring more accountability and transparency to the H1B system. The administration is considering several additional options for the president to use his existing authority to ensure federal agencies more rigorously enforce all aspects of the program," according to a White House official. Tech companies are dependent on the H-1B program to bring ...

The Dollar Business Bureau  “Generations of Indian and Hindu Americans have strengthened our country…your values of hard work, education and enterprise have truly enriched our nation.” “They are taking our jobs. China is taking our jobs. Japan is taking our jobs. India is taking our jobs. It is not going to happen anymore, folks!” "Today we are transferring power from Washington DC to the people!" "From this day forward it will only be America first!" Yes, all those statements come from one person, none other than Donald Trump, who has been sworn-in as the 45th President of the United States of America on January 20, 2017. If statements made during the long-drawn election campaign form the basis of elaborate predictions about the impact of ...

PTI Less than 10 days before entering the White House, US President-elect Donald Trump, who has built a massive real estate empire, said that he declined a business deal worth $2 billion in Dubai even though he is not obliged to do so as president. “Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very, very amazing man, a great, great developer from the Middle East, Hussein Damack, a friend of mine, great guy,” Trump said. Trump announced through his attorney that he is turning over his business to his two sons - Don and Eric. Trump asserted that he is doing all this even though under current law, he can run his business and be ...

PTI US President-elect Donald Trump today called for cancelling the order of Air Force One to Boeing, slamming the plane manufacturer for the "ridiculous" high cost of over $4 billion."Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!" Trump said in a tweet.In January this year, the US Air Force placed contract with Boeing for replacing the current Air Force One Planes with a new Boeing 747.Boeing has built the plane for every US President since Franklin Roosevelt.Later, Trump said the estimated $4 billion cost was "totally out of control" and "ridiculous." "I think Boeing is doing a little bit of a number. We want Boeing ...

The Dollar Business Bureau (sourced from PTI)  US President-elect Donald Trump has met Sandeep Mathrani, a top Indian-American real estate industry veteran from Chicago amid reports of him joining the new administration. After choosing Indian born Nick Haley to represent as the US Ambassador at the UN, Sandeep could be the 2nd Indian in Trump’s administration. Mathrani, 54, the Chief Executive Officer of General Growth Properties - the second-largest mall portfolio owner in the US, met the President-elect at the Trump Towers in New York yesterday. The presidential transition team, except for announcing the scheduled meeting, did not issue a readout of the meeting Trump had with Mathrani, real estate executive from Chicago, the hometown of outgoing President Barack Obama. Local media ...