Wed, 27 Jan 2021

NEW YORK -- New York State Governor Andrew Cuomo and New York City Mayor Bill de Blasio on Saturday called on New Yorkers to shop locally on the occasion of the Small Business Saturday, as the raging COVID-19 pandemic forced most of them to stay at home during the Thanksgiving holiday.

Both officials have repeatedly warned the citizens not to travel during the month-long holiday season from Thanksgiving till New Year, as going out to reunite with families or friends will fuel the spread of the coronavirus which has claimed 265,000 lives and had 90,000 people hospitalized nationwide. (US-New York-Small Business)

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NEW DELHI -- The total foreign direct investments (FDIs) into India during the second quarter of the financial year 2020-21 from July to September this year amounted to 28.1 billion U.S. dollars, said an official data released on Saturday.

Out of the total, FDI equity inflows during the July-September period were 23.4 billion U.S. dollars, added the data released by the federal Commerce and Industry Ministry. (India-FDIs-Inflow)

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MOSCOW -- The Russian economy is projected to decline by 4.5 percent this year, a senior official said Saturday.

The drop will be "more than 4 percent, (and) it will be even 4.5 percent," Aleksei Kudrin, head of the country's Accounts Chamber, was quoted by Sputnik as saying at a forum. (Russia-Economy-Down)

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ROME -- Brunello di Montalcino, one of Italy's most prestigious and historic wines, was among the first Italian wines to market itself in China -- starting back in the early 2000s. But according to Fabrizio Bindocci, president of Brunello, it would be unwise for winemakers to stop adapting to the fast-growing and dynamic Chinese market.

"We are constantly participating in trade fairs and conferring with our Chinese partners, but that's not enough," Bindocci told Xinhua. "It's not a mature wine market like the domestic market in Italy or in other parts of Europe or in the United States or Canada. That means the ground is always changing." (Italy-China-Wine)

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