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Los Angeles-based
Flowspace, a startup developing fulfillment software for e-commerce companies, said this week that it has named Piranavan Selvanandan as its new Vice President of Engineering. Selvanandan most recently was at Salesforce, in software engineering, and also served at HP. Flowspace said Selvanandan spent nearly a decade at Salesforce. The new exec comes following a $31M, Series B funding round for Flowspace in March. Flowspace is backed by BuildGroup.
By EDITH MUTETHYA in Nairobi, Kenya | China Daily Global | Updated: 2021-05-06 09:24 Share CLOSE Tanzanian President Samia Suluhu Hassan (left) and Kenya s President Uhuru Kenyatta exit the State House after their meeting in Nairobi, Kenya, on Tuesday. [BAZ RATNER/REUTERS]
The leaders of Kenya and Tanzania have agreed to improve trade ties between the East African neighbors after years of strains.
The commitment arose from talks on Tuesday between Kenyan President Uhuru Kenyatta and his Tanzanian counterpart Samia Suluhu Hassan, who was on a two-day state visit to Kenya.
In addition to the trade discussions, the leaders also agreed to improve ties in matters relating to security as well as in infrastructure, transport, culture and tourism.
Official named deputy head of WTO By LIU ZHIHUA | CHINA DAILY | Updated: 2021-05-06 07:15 Share File photo of Zhang Xiangchen.
Zhang Xiangchen, vice-minister of commerce, has been appointed as a deputy director-general of the World Trade Organization, a move that government officials and experts believe is a recognition of China s role in the WTO and its contribution to the multilateral trading system.
They also said members of the WTO, in the face of rising unilateralism and protectionism, should strengthen communication to achieve consensus step by step to advance necessary reform of the WTO, in order to safeguard the multilateral trading system and promote the building of an open world economy.
NPCI refuses to ban crypto, leaves it to banks
If banks block crypto exchanges as NEFT /RTGS counter-party, or more and more banks switch off crypto trades, existing crypto holders may find it tougher to sell their digital assets.
Synopsis
Under the circumstances, investors are either moving to other banks (which are allowing crypto trades) or using comparatively less efficient fund transfer options like NEFT, IMPS, and RTGS which are rarely used for trades in stocks, forex and commodity futures done on exchange platforms.
Mumbai: Unlike Visa and Mastercard, the domestic umbrella body National Payments Corporation of India (NPCI) has refused to block fund movements for crypto-currency trades. It recently told some of the banks to take a decision based on the advice of their respective legal and compliance departments.