A Quick Look at World Affairs – Taipei Times
Visa agreements announced
Colombo said yesterday it would sell long-term visas to attract desperately needed foreign currency after the country ran out of US dollars to pay for food and fuel. Foreigners who deposit a minimum of US$100,000 locally would be granted permission to live and work in Sri Lanka for 10 years under the “Golden Paradise Visa Program”, the government has said. The money must be blocked in a local bank account for the duration of the stay, the government said in a statement. The government has also approved granting five-year visas to any foreigner spending a minimum of US$75,000 to buy an apartment in the country.
Nomura publishes earnings
Nomura Holdings Inc posted a fourth consecutive quarter of profits as Japan’s largest brokerage firm posted gains on the sale of a stake in one of its affiliates, offsetting new provisions for a state court case -United. Net profit totaled 31 billion yen ($242 million) in the three months ended March 31, the company said in a statement yesterday. Retail division revenue fell 27% as market volatility resulting from the Russian-Ukrainian war and uncertainty surrounding the speed of U.S. monetary policy tightening kept some individual traders on edge. ‘difference. Shares and the company’s investment banking business have also suffered and geopolitical uncertainty is expected to continue, he said.
Santander exceeds expectations
Spanish giant Banco Santander SA said yesterday that net profit exceeded expectations in the first three months of this year thanks to its diversified geographical footprint, rising interest rates and an increase in the number of customers . Santander said in a statement that its net profit jumped 58% to 2.5 billion euros ($2.7 billion) between January and last month. Santander said it attracted 7 million new customers during the three-month period, bringing its total number of customers worldwide to 155 million.
Electric Corvette Announced
The American firm General Motors Co (GM) announced on Monday that it was developing an electric version of its Chevrolet Corvette. “We will offer an electrified Corvette starting next year. Details and names will be released later,” the Detroit-based automaker said in a statement. “Yes, in addition to the incredible new Chevrolet Corvette Z06 and other gas-powered variants to come, we will offer an electrified Corvette and an all-electric Corvette in the future,” GM President Mark Reuss said on the LinkedIn business site. GM and Honda Motor Co announced this month that they would jointly develop a new range of electric vehicles at “affordable” prices, with production expected to begin in 2027.
Softbank adds a start-up
Softbank Group Corp has added a Japanese endoscopy startup to its list of portfolio companies, making Vision Fund’s third investment in its home country. The world’s largest technology fund is leading an 8 billion yen investment in AI Medical Service Inc, which develops gastrointestinal diagnostic systems and software, using artificial intelligence to help clinicians more reliably identify potential stomach and intestinal cancers. Softbank Group founder Masayoshi Son said earlier this year that Softbank plans to expand its investment team in Japan.
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