Month: May 2022

US surpasses China as India’s biggest trading partner in FY22 at $119.42 bn

The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries, Trend reports citing Business Standard. According to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at USD 119.42 billion as against USD 80.51 billion in 2020-21. Exports to the US increased to USD 76.11 billion in 2021-22 from USD 51.62 billion in previous fiscal year, while imports rose to USD 43.31 billion as compared to about USD 29 billion in 2020-21. During 2021-22, India’s two-way commerce with China aggregated at USD 115.42 billion as

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Azerbaijani currency rates for May 31

BAKU, Azerbaijan, May 31. The official exchange rate of the US dollar and the euro against the Azerbaijani manat as of May 31, 2022 was set at 1.7 and 1.8267 manat respectively, Trend reports with reference to the Central Bank of Azerbaijan Republic (CBAR). The manat rate in relation to world currencies on May 31: Currencies Official exchange rate 1 US dollar USD 1,7 1 Euro EUR 1,8267 1 Australian dollar AUD 1,2217 1 Argentine peso ARS 0,0142 100 Belarus ruble BYN 0,6186 1 Brazil real BRL 0,3577 1 UAE dirham AED 0,4628 1 South African rand ZAR 0,1096 100 South Korean won

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Iranian currency rates for May 31

BAKU, Azerbaijan, May 31. The Central Bank of Iran (CBI) announced the official rate of foreign currencies on May 31, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 29 currencies have grown and 10 have decreased in price, compared to May 30. According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 45,264 rials. Currency Iranian rial on May 31 Iranian rial on May 30 1 US dollar USD 42,000 42,000 1 British pound GBP 53,156 53,047 1 Swiss franc CHF 43,865 43,872 1 Swedish krona SEK 4,309 4,295 1 Norwegian krone

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Shanghai Moves Toward Ending 2-Month COVID-19 Lockdown

Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has throttled the national economy and largely bottled up millions of people in their homes. Full bus and subway service will be restored as will basic rail connections with the rest of China, Vice Mayor Zong Ming said Tuesday at a daily news conference on the city’s outbreak. “The epidemic has been effectively controlled,” she said, adding that the city will start the process of fully restoring work and life on Wednesday. Schools will partially reopen on a voluntary

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Small US mask makers struggle as federal aid, demand shrinks  

In the spring of 2020, as COVID-19 spread throughout the world in ways not fully understood, the United States faced a critical shortage of protective masks. Dozens of manufacturing startups attempted to meet the demand for what was then a confusing array of grades and types — N95, KN95, full-face respirators. Now, after a short respite from many COVID-19 precautions, the U.S. is weeks into a new surge in cases that may foreshadow a greater one this fall, and those same small companies that make masks are hurting. John Bielamowicz is a co-founder of United States Mask. The Fort Worth,

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EV Technology Group Company MOKE France, Generates Direct-to-Consumer Electric MOKE Orders Worth Over Half a Million Euros After Opening Pilot Sales

The Electric MOKE, as sold by MOKE France SAS The Electric MOKE, as sold by MOKE France SAS TORONTO, May 31, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, DE: B96A) announces today that its wholly owned subsidiary MOKE France SAS (“MOKE France”) has generated Electric MOKE orders worth over €500,000 in total value following the opening of an initial pilot of its direct-to-consumer sales offering for the Electric MOKE. The MOKE brand was founded in the 1960s by Sir Alec Issigonis, and quickly became the must-have accessory in some of the

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Conagen’s New Dihydro Resveratrol Made By Clean Bioconversion Inspires Novel Products and Drives Market Growth

Bedford, Mass., May 31, 2022 (GLOBE NEWSWIRE) — Massachusetts-based biotech Conagen announces the development of a new scalable natural compound, dihydro resveratrol, for use in industrial and human health applications. Conagen’s dihydro resveratrol is made by bioconversion from p-coumaric acid (pCA), a natural preservative Conagen produced by precision fermentation. The same proprietary bioconversion technology used to make dihydro resveratrol can be used to make resveratrol and other polyphenol class molecules. Both compounds are natural metabolites of plants, such as berries and grapes, and are commonly found in red wine. Because resveratrol and dihydro resveratrol exist in only very small quantities

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Hitachi Energy wins order from Deutsche Bahn to deliver one of the most powerful converter stations in the world

The Thyrow converter plant will convert electricity from the public three-phase distribution network to a frequency of 16.7 Hz and feed it into the traction current network Zurich, Switzerland, May 31, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Deutsche Bahn to provide a 120 megawatt (MW) converter station which enables DB Energie to secure power supply for the Greater Berlin rail network. The network serves a metropolitan population of around 3.5 million people and is the hub for multiple high-speed train services to

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