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Foreign Firms

All articles tagged with #foreign firms

environment2 years ago

Water Wars: Foreign Firms Exploit Arizona Alfalfa Farms, Igniting Tensions

Tensions are rising in Arizona's McMullen Valley as foreign agribusiness firms exploit unregulated groundwater resources, leading to concerns about water shortages and dried-up wells for local farmers. Companies like Emirati agribusiness Al Dahra have been farming alfalfa on thousands of acres, potentially depleting the ancient aquifers that supply the region. With the worst Western drought in centuries and increasing impacts of climate change, more countries are seeking alternative locations for food production, leading to conflicts over water resources. While some officials welcome recent crackdowns on unfettered groundwater pumping, others argue for the need for sensible regulation to protect aquifers and prevent depletion.

technology2 years ago

India's Semiconductor Industry: Building Trust and Partnerships with U.S. Giants and Taiwan

Indian Prime Minister Narendra Modi has sought to attract American semiconductor companies to invest in India as the country aims to establish itself as a global chip powerhouse. CEOs of top U.S. semiconductor firms, including Micron and Cadence, spoke at the SemiconIndia event alongside Modi, highlighting their investments in India's chip market. India's chip strategy involves attracting foreign firms to set up operations and forming alliances with key semiconductor nations. The government has introduced supportive policies and incentives for the semiconductor sector. Despite challenges, such as policy consistency and high import tariffs, India's huge domestic market and incentives offer optimism for the country's chip market.

politics2 years ago

Russia's Asset Seizures Send Warning to Investors and the West

Russia has seized the assets of foreign firms in the country, including those of Finland's Fortum Oyj and its former German subsidiary Uniper, in a move that is seen as a warning shot to the West. The Kremlin has introduced "temporary" state control over the assets of companies or individuals from "unfriendly" states, including the US and its allies, which make or threaten to make similar moves. The decree is a signal of caution to the European Union, which is discussing whether frozen Russian assets should be used in the reconstruction of Ukraine.

politics2 years ago

Putin nationalizes foreign companies' assets in Russia.

Russian President Vladimir Putin has signed a decree establishing temporary control of the Russian assets of two foreign energy firms, Uniper SE's Russian division and the assets of Finland's Fortum Oyj, signaling Moscow could take similar action against other companies if need be. The decree outlined possible retaliation if Russian assets abroad are seized and showed Moscow had already taken action against the two firms. The move comes in response to unspecified actions from the United States and others that Russia said were "unfriendly and contrary to international law".