Britain Financial News
14.01 / 12:59
wellness
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2020
Denmark's queen is abdicating the throne. More royals have been doing that lately
Queen Margrethe II will become Denmark's first monarch to abdicate in nearly 900 years when she hands over the throne to her son, Crown Prince Frederik, on Sunday. Margrethe always maintained during her 52-year-reign that she wouldn't quit, but back surgery and other ailments left her unable to undertake as much as she could in the past. «Time takes its toll,» she said, announcing her plans to abdicate in a New Year's address that stunned the kingdom.
14.01 / 09:21
14.01 / 07:57
UPS
Provident
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Vaishnaw inaugurates Gopinathpur Nilgiri-Balasore railway line, flags off MEMU train
Odisha) Railway Minister Ashwini Vaishnaw Saturday inaugurated the 18 km stretch of Gopinathpur Nilgiri-Balasore passenger railway line and flagged off a newly introduced MEMU train. The MEMU train between Gopinathpur Nilgiri to Balasore in South Eastern Railway division will operate thrice in a day, railway official said. Flagging off the train at Gopinathpur Nilgiri railway station, Vaishnaw said that Odisha on an average gets Rs 10,000 crore each year for the development of railway infrastructure under the NDA government of Narendra Modi.
14.01 / 06:23
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Reliance seeks minimum USD 10 for coal-seam gas
Reliance Industries Ltd is seeking a minimum USD 10 rate for the gas it plans to produce from coal seams, as it altered its pricing formula to reflect the changed energy scenario. Reliance has sought bids from users for 0.90 million standard cubic meters per day of gas it will produce from coal-bed methane (CBM) block SP (West)_CBM-2001/1 in Madhya Pradesh, according to a tender floated by the company. Users have been asked to quote a premium they are willing to pay over and above 12.67 per cent of the Dated Brent crude oil price.
14.01 / 05:03
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Savoury sweetness: Experiencing the seasonal joys of jaggery
Sugarcane features prominently in Pongal and other Indian festivals at the start of the year. My early memories of Pongal in Chennai are mostly about waiting for the two tall stalks my grandmother tied outside the front door to be chopped up, so we could chew it for the juice.
14.01 / 05:03
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Charting the global economy: Ocean freight rates from Asia to Europe more than double in weeks
Federal Reserve poised to lead the charge for richer countries. Traders boosted bets on how aggressively the Fed will lower borrowing costs this year after a report showed prices paid to producers continued to fall in December. Even so, the path to taming inflation will be bumpy, as a measure of consumer prices rose by the most in three months. Similar metrics in Norway and Chile eased in December, while Argentina ended the year with inflation above 200%.
14.01 / 04:19
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Geopolitical tensions
Gold rises on geopolitical tensions but investment demand remains weak
Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis' targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the form of a move that intends to target all US and UK interests alongside those linked to Israel. The strike by the US and UK, which included more than 70 airstrikes on Yemen targets, risks spreading fallout from Israel-Hamas war, which, in the worst-case scenario, can drag in other regional powers more directly. It is to be noted that earlier in the week, Houthis launched their biggest shipping attacks and Iran seized an oil tanker off the Coast of Oman. The US government has not ruled out more strikes on the Houthis targets.
14.01 / 02:05
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Maldives leader says his country's small size isn't a license to bully in apparent swipe at India
Maldives said Saturday that his country's small size doesn't give anyone the license to bully it, in a sign of defiance toward India, the archipelago state's giant neighbor. President Mohamed Muizzu, speaking to the media on his return from India's regional rival China, said the Maldives is not in any country's backyard and that the Indian Ocean does not belong to a single country — a reference to a recent tiff between the Maldives and India.
14.01 / 01:03
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International
What's the Israel-Palestinian conflict about and how did it start?
Hamas have been waging war for 100 days since gunmen from the Palestinian militant group went on the rampage in southern Israel, triggering an Israeli military campaign in which nearly 24,000 Palestinians have been killed. The war between Israel and Hamas that has raged since October is the latest in a conflict between Israelis and Palestinians that has rumbled on for seven decades and destabilised the Middle East.
13.01 / 16:12
13.01 / 14:41
COST
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2024
Oil hits 2024 high-mark as tankers avoid Red Sea after air strikes; Brent settles at $78/bbl
₹6,045 per bbl, having swung between ₹6,007 and ₹6,236 per bbl during the session, against a previous close of ₹6,033 per barrel. -While the diversions by oil tankers were expected to push up the cost and time it take to transport oil, supplies have not yet been impacted, analysts and industry experts noted, easing some of the earlier gains in prices. Analysts said that if the conflict were to spread to the other side of the Arabian peninsula, oil markets may react much more significantly.
13.01 / 14:29
13.01 / 12:57
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US launches fresh strikes against Houthi radar site in Yemen: Is Joe Biden's decision 'unconstitutional'?
statement on January 11 that at his directions, “US military forces — together with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands — successfully conducted strikes against a number of targets in Yemen used by Houthi rebels to endanger freedom of navigation in one of the world’s most vital waterways." After the US launched strikes against Houthi forces, some US lawmakers accused President Joe Biden of violating the Article 1 of the US Constitution. Congresswoman Pramila Jayapal of the Democratic Party called the strikes an "unacceptable violation of the Constitution". Meanwhile, Rep.
13.01 / 12:51
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2023 officially warmest year on record by a huge margin, WMO confirms
WMO) has officially confirmed that 2023 is the hottest year on record by a huge margin, smashing global temperature records. The yearly average global temperature approached 1.5 degrees Celsius above pre-industrial levels, which is significant because the Paris Agreement on climate change aims to limit the long-term temperature increase to no more than the same amount. According to the agreement, the long-term increase is calculated as an average over decades rather than an individual year like 2023.
13.01 / 11:35
Citi
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International
India registers 'strong protest' against visit by British envoy to PoK, calls it "infringement of sovereignty"
Pakistan-occupied Kashmir (PoK) as «highly objectionable», India has registered a 'strong protest' with the British High Commissioner in India. This comes after British envoy Jane Marriott visited Mirpur city in the PoK region along with an official of the UK Foreign Office. «India has taken a serious note of the highly objectionable visit of the British High Commissioner in Islamabad, along with a UK Foreign Office official, to Pakistan-occupied Kashmir on 10 January 2024,» the Ministry of External Affairs said in a statement on Saturday. «Such infringement of India's sovereignty and territorial integrity is unacceptable,» it added. Foreign Secretary Vinay Kwatra has lodged a strong protest with the British High Commissioner in India on this 'infringement'. The Union Territories of Jammu and Kashmir and Ladakh «have been and shall always remain an integral part of India,» MEA added. In October last year, the US envoy to Pakistan, Donald Blome, visited the Pakistan-occupied Kashmir region. New Delhi conveyed to Washington its 'strong objection' to the visit and urged the international community to respect its «sovereignty and territorial integrity».
13.01 / 11:35
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Indian rupee strengthened under Modi govt: Arjun Ram Meghwal
Arjun Ram Meghwal on Saturday said the Indian rupee has strengthened during the tenure of the Narendra Modi government. He also credited the role played by B R Ambedkar in taking on the then British rulers who tried to weaken the currency. Talking to reporters here after attending a seminar on the journey of the Indian rupee in the last 100 years, he said during the tenure of PM Narendra Modi, the Indian rupee has gained currency. He said 35 countries have agreed to allow the use of Indian rupee and people travelling there do not have to get it converted into local currency or US dollar. The Union minister pointed out that the Reserve Bank of India (RBI) was established in April 1935 following the thesis presented by Ambedkar in the London School of Economics on the Indian rupee. People should know that Ambedkar was also an eminent economist, he added.
13.01 / 11:35
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Queen Elizabeth II left sealed death-bed letter for son Charles, claims new biography
Britain's Queen Elizabeth II, who died aged 96 in September 2022, left a sealed death-bed letter for her son and heir — King Charles III, a new book has claimed. According to a report in 'The Daily Telegraph' on Saturday, biographer Robert Hardman has written about the immediate aftermath of the Queen's passing in a new biography of King Charles III and revealed how she was working on her traditional «red boxes» of official correspondence till the very end. Her final red box included a private letter for the new King, brought down by staff at Balmoral Castle in Scotland — where she breathed her last on September 8, 2022.
13.01 / 10:37
UPS
economy
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2020
Headlines
NOT
Why covid-19 did not harm rich economies as badly as first thought
recovered its pre-pandemic output levels. But after revisions to the 2020 and 2021 figures, in September GDP was found to be 0.6% above its pre-covid size rather than 1.2% below it. The Office for National Statistics added almost 2% to its estimate of national income and transformed Britain’s economic performance from that of a global laggard to something more respectable.
13.01 / 10:25
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Live updates | Israel rejects genocide case as Mideast tensions rise after US-led strikes in Yemen
Israel is rejecting allegations levied by South Africa that its campaign against Hamas amounts to genocide against the Palestinian people
13.01 / 09:37
Reuters
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security
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Destinations
Iran seizes oil tanker involved in U.S.-Iran dispute in Gulf of Oman
By Jana Choukeir, Ahmed Elimam and Robert Harvey
13.01 / 07:47
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2024
BO 2024 report: Bollywood’s 1st offering ‘Merry Christmas’ starts slow, earns Rs 2.5 cr on day 1; Telugu film ‘Hanu Man’ crosses Rs 11 cr on opening day
Merry Christmas’. The Vijay Sethupathy-Katrina Kaif’s film has had a slow start at the box-office so far. As per a report by the Indian box-office tracking portalSacnilk.com, the Sriram Raghavan film earned just over Rs 2.5 crore on opening day. The mystery drama is expected to earn Rs 0.41 crore on day two. However, the performances of the cast have been more or less unanimously praised. The plot and the cinematography — an unconditional love letter penned by Raghavan to the ‘80s decade have also been appreciated so far. Helmed by Raghavan (of ‘Johnny Gadar’, ‘Andhadhun’ and ‘Ek Hasina Thi’ fame), ‘Merry Christmas’ is a neo-noir romance. It revolves around two strangers — Albert and Mary who chance upon each other on a Christmas evening. However, their budding romance is interrupted rudely by a gruesome murder. The plot of the film is loosely based on the mystery novel ‘Bird In A Cage’ by French author Frederic Dard.
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