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Tim Walz is accused of driving a Chinese Communist Party official's daughter to the verge of suicide. According to The New York Post, Tim Walz, the Democratic vice presidential nominee, had a turbulent romantic relationship with the daughter of a Chinese Communist Party official while working as a teacher in Foshan, which nearly drove her to suicide. In a phone interview with The Post on Monday, Jenna Wang, 59, revealed that she fell deeply in love with the current governor of Minnesota when he was a young English teacher at a high school in Foshan, Guangdong province, China.

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

The Czech power company CEZ has signed a deal with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors

Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining stake in sodium-ion battery technology company Faradion from existing shareholders, making it a wholly-owned subsidiary, the company said in a regulatory filing on Tuesday. RNEL, in December 2021 announced the acquisition of Faradion at an Enterprise Value of £100 million. RIL had then stated that it intends to use Faradion’s technology at its proposed fully integrated energy storage giga-factory, part of the Dhirubhai Ambani Green Energy Giga Complex facility at Jamnagar.

Analysts from seven investment banks said they expect sales of UK government bonds to reach around £300bn for the year to March 2025, according to figures compiled by the Financial Times.  The Treasury's existing net financing requirement for the year sits at £278bn, a figure that the analysts expect to rise to around £298bn, marking the second highest ever total, behind the borrowing that took place during the pandemic to finance furlough and other emergency schemes.  UK government borrowing costs have edged higher over the past week, with 10-year gilts currently sitting at their hig...

Subscribe to enjoy similar stories. New Delhi: What’s in a name? A lot, apparently, if you’re in the venture capital business, as one firm named after the world’s tallest mountain is fast realizing. In 1865, a few years after Andrew Waugh, the then surveyor general of India, proposed that it be named after his predecessor Sir George Everest, the peak was officially named Mount Everest.

In a trading statement published today (29 October), the UK's largest DIY investment platform reported assets under administration of £157.3bn as of 30 September, up from £155.3bn at the start of the quarter.   The increase was fuelled by £1.5bn in positive market movements and £500m in net new business, a slowdown from £600m in the same period last year and £1.6bn in the previous quarter. Net inflows into the firm's Active Savings business rose to £800m. However, the platform recorded £300m in net outflows, a shift from £100m in the same period last year and £900m in net inflows over...

This comes as Shop Price index recorded 0.8% deflation in the first week of October, a slowdown from deflation of 0.6% in the previous month. This was below the three-month average rate of -0.6%, and meant shop price annual growth dropped to its lowest rate since August 2021. «October saw shop prices fall marginally further into deflation for the third consecutive month,» said Helen Dickinson, CEO of the BRC. What to expect at the upcoming Autumn Budget Dickinson added that this was something households would «welcome the continued easing of price inflation». However, she war...

Brunei Sultan Hassanal Bolkiah hosted Prime Minister Narendra Modi in the world's largest residential palace during the latter's bilateral visit to the country. PM Modi became the first Indian Prime Minister to travel to the Southeast Asian nation on a bilateral visit. The two-day visit aimed to strengthen India's ties with Brunei and commemorated 40 years of diplomatic relations between the two countries. The two leaders took stock of bilateral relations including in areas of defence, trade & investment, energy, space technology, health and pharmaceuticals, capacity building, culture and people-to-people ties. They also exchanged views on regional and global issues of mutual interest. ALSO READ: World's richest monarch is wealthier than King Charles. Check his net worth, source of income

Subscribe to enjoy similar stories. The world needs an effective International Monetary Fund (IMF). Countries have become hugely indebted after the covid pandemic, and the risk of new shocks grows as the world warms and new pathogens emerge.

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment

A British man who used artificial intelligence to create images of child abuse was sent to prison for 18 years

Prime Video. With its unique release schedule, fans await episode 4, which is set to air on October 31.

King Maha Vajiralongkorn from Thailand, officially known as King Rama X, is the richest monarch in the world. Vajiralongkorn, 66, ascended to the throne after the death of his father, King Bhumibol Adulyadej in October 2016, according to a report from France24. His father ruled the Buddhist kingdom for 70 years, one of the world's longest-serving monarchs. Vajiralongkorn was crowned in May 2019 when his 88-year-old father Bhumibol Adulyadej passed away on October 13, 2016. What is surprising is that Charles III, the King of the United Kingdom, is a globally influential monarch but he did not make the list of the world’s top 10 richest monarchs. According to the sources, his net worth is estimated to be around $747 million. ALSO READ: Vasundhara Oswal, Indian-origin billionaire's daughter, detained in Uganda. A look at her Rs 1,649 crore house, lavish lifestyle

NTA) has begun the registration process for the Joint Entrance Examination (JEE) Main 2025, with applications opening today, October 28. Interested students can register for JEE Main 2025 Session 1 through the official website at jeemain.nta.nic.in. The registration portal will remain open until 11:50 pm on November 22. Candidates can only apply for JEE (Main) – 2025 Session 1 online via the official website. According to the official notice, “The Application Form in any other mode will not be accepted.” The application fee can also be paid online using various methods such as credit and debit cards, net banking, and UPI.

As wenoted yesterday, debt capital markets (DCM) bankers at Citi in London have been afflicted by unexpected job cuts involving Colm Rainey head of corporate and financial institutions group debt capital markets for UK & Ireland, Christian Rose, an MD in Stockholm, Santhi Athreya, head of corporate DCM for France, Belgium and Luxembourg, Bruno Sáenz de Miera, head of debt capital markets for Iberia and others. 

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Having spent almost a decade as a UK equity fund manager at Fidelity, Himsworth said «it is refreshing to return to the area, which is clearly thriving and somewhere that I genuinely see as home, and a region that I personally want to succeed». The former manager of the £358m Fidelity UK Opportunities fund joins as an investment manager following 30 years of experience within financial services including stints at Royal London Asset Management and Gartmore.  Fidelity International fund manager Himsworth departs after almost a decade McInroy & Wood's CEO Tim Wood said: «We are fortu...

In an interview with Sky News today (25 October), Starmer said his definition of a working person relates to «someone who goes out and earns their living, usually paid in a monthly check». «What I mean or who I have in my mind's eye when I make decisions as prime minister are the sorts of working people who go out, work hard, maybe save a bit of money, but do not have the wherewithal to write a cheque to get out of difficulties if they or their families get into difficulties,» he added. Rachel Reeves confirms changes to UK fiscal rules to boost government investment Asked whether p...

In a speech set to be delivered today (28 October), the prime minister will say: «On competition, we are stripping out the needless regulation that holds back growth and private investment».  According to Starmer, «everyone in the country will benefit from this», given that the Budget will represent «an economic plan that will change the long-term trajectory on British growth for the better».  What to expect at the upcoming Autumn Budget While he will vow to focus the Budget on a three-word mantra of «stability, investment, reform», in order to fix the NHS and «protect working peop...