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19.03 / 02:05
Reuters security WhatsApp Research community country Updates Trump signs order to shift disaster preparations from FEMA to states, local governments
state and local governments, deepening his drive to overhaul the Federal Emergency Management Agency. The order, first previewed by the White House on March 10, calls for a review of all infrastructure, continuity, and preparedness and response policies to update and simplify federal approaches. It said «common sense» investments by state and local governments to address risks ranging from wildfires to hurricanes and cyber attacks would enhance national security, but did not detail what they were or how they would be funded. «Preparedness is most effectively owned and managed at the state, local, and even individual levels, supported by a competent, accessible, and efficient federal government,» the order said. «When states are empowered to make smart infrastructure choices, taxpayers benefit.» The order calls for revising critical infrastructure policy to better reflect assessed risks instead of an «all-hazards approach,» the White House said in a fact sheet on the order.
19.03 / 02:05
markets UPS economy Sony Trade show Japan's exports expand in February on stockpiling amid tariff fears
Total exports rose 11.4% year-on-year in February, data showed, less than a median market forecast for a 12.1% increase and following a 7.2% rise in January. The threat of Trump's aggressive tariffs has led some Japanese companies such as Sony Group to stockpile inventory in the United States, a step that could have temporarily boosted overall export volumes. Exports to the U.S. rose 10.5% in February from a year earlier, while those to China were up 14.1%, the data showed. Shipments to China may have been affected by more working days last month, with the Lunar New Year holiday ending earlier than usual this year.
19.03 / 02:05
markets Reuters Manufacturing CEO NVIDIA electronic International Samsung CEO says company considering deals as it struggles for growth
Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects. «I have never been to a Samsung AGM since I became its shareholder in 2000, but I wanted to see what executives have to say (this time) and what they will do,» a 65-year old shareholder who only gave his family name, Lee, told Reuters ahead of the meeting. «They should go all-in on the memory chip business, where they can excel, or do something about the foundry,» he said. In internal meetings, Samsung has acknowledged it has lost ground. This is particularly true in semiconductors, where it lags SK Hynix in high bandwidth memory (HBM) chips that Nvidia and others rely on for AI graphic processing units.
19.03 / 02:05
UPS economy Sustainability Research Trade President Yen steady, dollar dithers as traders await BOJ, Fed decisions
Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, U.S. President Donald Trump and Russian President Vladimir Putin failed to reach an agreement on a Ukraine ceasefire and Germany's outgoing parliament approved plans for a massive spending surge.
19.03 / 02:05
markets UPS President War country Oil prices ease after US-Russia agreement on 30-day energy ceasefire
Oil prices slid on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets. Brent crude futures were down 12 cents, or 0.2%, at $70.44 a barrel by 0106 GMT. U.S. West Texas Intermediate crude (WTI) lost 15 cents, or 0.2%, to $66.75.
19.03 / 01:03
markets Digital economy innovations Interviews We’re still figuring out how AI will move through the economy, says OpenAI's chief economist
Subscribe to enjoy similar stories. At every dinner party, Aaron ‘Ronnie’ Chatterji, OpenAI's first chief economist, faces a typical question: “Is AI going to affect my job? What’s it going to do to the economy?" He says it's hard to give a straight answer simply because of the widely varying predictions. “Some Nobel Prize-winning economists estimate AI’s impact on GDP in the low single digits, while others expect double-digit growth.
19.03 / 01:03
markets COST Target Strategy Food show orienteering After $70 mn in bank, e-commerce aggregator 10Club close to bankruptcy
Subscribe to enjoy similar stories. New Delhi/Mumbai: E-commerce aggregator 10Club, operated by Boxseat Ventures Pvt Ltd, is close to shutting shop, less than four years after it drew attention by raising $40 million in early-stage money in the highest seed-funding round by an Indian startup.
19.03 / 01:03
markets UPS Target CEO Food Research blues Agnikul-backer Artha Group raises ₹330 crore to bolster its portfolio winners
Subscribe to enjoy similar stories. Artha India Ventures, which has bet on a range of companies including OYO, and space startup Agnikul, has raised ₹330 crore for Artha Select Fund (ASF), a follow-on investment fund focused on backing winners in its existing portfolio, a person with direct knowledge of the matter told Mint. New limited partners, or investors, in this round include Ashok Bharadia, chairman and managing director of Wallfort Financial Services, Harshal Morde, director of sales and marketing of Morde Foods, Manish Chhabra, managing director and CEO of Hygienic Research Institute Private Ltd (HRIPL), David Wilson, general partner at venture capital firm TYR Ventures, and Hira Group Family Office, among others, the person cited earlier said on the condition of anonymity.
19.03 / 01:03
markets Provident Sustainability show performer reports Dividend powerhouses to invest in: Raja Venkatraman’s top picks
Subscribe to enjoy similar stories. The first quarter of 2025 has been a washout in terms of portfolios and market expectations because of a combination of factors including the depreciating rupee, elevated market valuations, and a deceleration in earnings growth. Moreover, foreign institutional investors (FIIs) have been selling persistently due to a strong dollar, high US bond yields, and uncertainties over US President Donald Trump’s policies.
19.03 / 01:03
Citi Metro BAY reports isolate biodiversity International Mint Primer | Andaman and Nicobar: Can it remain pristine?
Subscribe to enjoy similar stories. Andaman and Nicobar Islands, known for biodiversity and isolated ancient tribes, is in the news as India moves to promote tourism and industry in the archipelago.
19.03 / 01:03
markets COST Aware security pandemic Trade Sebi’s options plan which spooked many could be in for a review
Subscribe to enjoy similar stories. Mumbai: The market regulator may review its contentious proposal to introduce a gross limit for all clients trading in index options after receiving feedback against such a rule from several market participants, a person aware of the development said. The Securities and Exchange Board of India's planned review comes after brokers, proprietary desks and institutional traders flagged risks of reduced market liquidity and higher trading costs in India's derivatives market if the rule is implemented.
19.03 / 01:03
markets UPS Remark Tesla Trade country innovations Company Outsider: Sajjan Jindal’s doubts about Tesla’s entry miss the potential catfish effect for Indian auto
Subscribe to enjoy similar stories. The "catfish effect", named after the practice of adding catfish to tanks of cod to keep them active during transportation, describes how a strong competitor can energize a stagnant market. Tesla’s entry into India could be just the jolt the country's electric vehicle (EV) industry needs.
19.03 / 01:03
Enterprise Inside 2020 Inside the one-time settlement between Cafe Coffee Day and Ares SSG Capital
Subscribe to enjoy similar stories. Coffee Day Enterprises Ltd (CDEL) has negotiated a ₹205-crore settlement with Ares SSG Capital Management to be paid over three years , after the National Company Law Appellate Tribunal (NCLAT) set aside bankruptcy proceedings against the operator of coffee chain Cafe Coffee Day on 27 February. A part of this settlement hinges on the coffee chain achieving certain parameters linked to higher earnings before interest, taxes, depreciation and amortization (Ebitda) over the next three years, two people familiar with the development said.
19.03 / 00:31
Apple Banner Actor Pride show MGM Videos House of David Season 2: What we know about Amazon Prime Video show’s renewal
Amazon Prime Video has confirmed that House of David will return for a second season. The decision comes before the Season 1 finale on April 3. The series attracted 22 million viewers in its first 17 days. The series tells the story of David, played by Michael Iskander. David is an outcast teenager who is chosen as the new king by the prophet Samuel, portrayed by Stephen Lang. The current king, Saul, played by Ali Suliman, struggles with his pride and begins to lose control. Also Read: Mistletoe Murders Season 2: What we know about renewal
19.03 / 00:31
markets UPS Booking Action show reports International What's behind the fiasco at IndusInd Bank?
Reserve Bank of India's reassurance on a festive weekend. As the story plays out amid rating action and a 24% fall in the stock, the declaration of the bank's derivative losses, estimated at more than ₹1,500 crore, has thrown up many questions. What took the IndusInd management so long to declare the losses?
19.03 / 00:31
Williams Waters SpaceX testing medicines Sunita Williams and Butch Wilmore safely home after long wait: Splashdown off the coast of Florida!
SpaceX Crew Dragon capsule carrying the four Crew-9 astronauts has successfully splashed down off the coast of Tallahassee, Florida. The waters appear calm, with NASA’s Sandra Jones describing “breathtaking views of a calm, glass-like ocean” just before touchdown. SpaceX’s recovery teams are now moving in, preparing to hoist the spacecraft onto a specialized rig known as the “Dragon’s nest.”
19.03 / 00:31
markets UPS economy Trade War Commentary Dalal Street's Treat: Indices back to winning ways
The NSE Nifty surged 325.55 points, or 1.45%, to close at 22,834.30. The BSE Sensex rose 1131.31 points, or 1.53%, to end at 75,301.26. Both indices have risen about 2% in the last two days.
19.03 / 00:31
Williams Waters SpaceX Celebrity performer reports parachuting Gujarat cheers! Sunita Williams' home village celebrates her safe return with aarti & prayers
NASA astronaut Sunita Williams, celebrated her safe return to Earth on Wednesday by performing aarti and offering prayers after she spent nearly nine months in space. The celebrations began after the successful splashdown of the Dragon spacecraft, which brought Williams back to Earth along with Crew-9 members Butch Wilmore, Nick Hague, and Russian cosmonaut Aleksandr Gorbunov. Earlier, the NASA astronaut's cousin, Dinesh Rawal, organized a 'Yagna' in Ahmedabad on Tuesday to pray for her safe return. SpaceX confirmed the splashdown, and NASA astronaut Nick Hague shared that the crew was «grinning ear to ear» after their safe return. Following the landing, NASA astronaut Nick Hague delivered his first message to mission control. While the audio was somewhat unclear, Hague could be heard saying that the crew was «grinning ear to ear,» CNN reported.
18.03 / 23:41
UPS Provident Target Racing Sustainability International Vodafone Idea’s 5G rollout comes with a side of satellite internet FOMO
Subscribe to enjoy similar stories. New Delhi: Vodafone Idea Ltd is discussing ways to catch up with larger rivals Reliance Jio and Bharti Airtel Ltd in the domestic satellite internet race, even as it is set to roll out its 5G cellular broadband network. Jio and Airtel recently announced partnerships with US-based Starlink Services to roll out Elon Musk’s satellite internet service in India, although they will have to wait for government approvals.

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