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world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

If you buy an electric vehicle rather than one with a gas engine, will it help the economy? The more common question is whether EVs help the environment. The answer is that they do, in terms of carbon emissions, albeit with wide variation depending on how the electricity that powers it is generated and where its battery materials come from. This has long underpinned government support in many countries, including the U.S.

Stocks rallied on earnings optimism and US data that supported the case for interest-rate cuts. A raft of Federal Reserve speakers are slated for Friday as traders await a key US inflation print next week.  

Election Commission of India on Friday criticised Congress President Mallikarjun Kharge for allegedly 'obstructing' the ongoing Lok Sabha elections. The commission has termed Kharge's views as 'aggression on vitals of live election operations.' "Baseless allegations regarding release of voter turnout data in middle of ongoing polls are designed to create confusion, misdirection and impediments in the conduct of free and fair polls. Utterances can have negative impact on voters’ participation and demoralize the large election machinery across states," news agency ANI quoted EC as saying. “The pattern in series of past, present irresponsible statements from the Congress party is disconcerting,” the commission said.

Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference.

world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

stocks has come despite worsening fundamentals, while India is delivering solid profits, Citigroup Inc. strategists wrote, downgrading China and upgrading India in emerging market allocation. “China’s recent rally has occurred despite weakening fundamentals; we downgrade to neutral,” strategists including David Groman and Beata Manthey wrote in a note dated May 10. It upgraded India to overweight on strong earnings momentum and projected growth.

₹22,000 crore in May 2024. FIIs offloaded Indian equities worth ₹22,858 crore within the first six market sessions so far in May 2024.

Also Read: Lok Sabha elections 2024: Sanjay Raut praises 50 years of Congress rule, says ‘after June 4, Modiji…’ The Maharashtra unit of the BJP has said that Raut tried to draw parallels between Modi and Aurangzeb, adding, “Such comments are a ‘direct threat’ to the life of the PM," PTI reported. On Thursday, the BJP also wrote to the Election Commission and Mumbai police seeking action against Raut In its complaint to the EC, the party also said that such comments could potentially lead to communal disharmony and hamper the peaceful conduct of the electioneering process.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.

A top public relations executive from Chinese technology firm Baidu has apologized after she made comments that were seen as glorifying a culture of overwork

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.

Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month.

As we report, the disintegration of the old order is visible everywhere. Sanctions are used four times as much as they were during the 1990s; America has recently imposed “secondary" penalties on entities that support Russia’s armies. A subsidy war is under way, as countries seek to copy China’s and America’s vast state backing for green manufacturing.

Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.

BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China.

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

China reported Thursday that its exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery

Universal Music Group (UMG) plans to expand its India business through both organic and inorganic routes as the country is expected to enter the top 10 music markets globally in the coming years from being the 14th-largest music market currently, its chief executive for Asia, Africa and the Middle East, Adam Granite, told ET. «We will continue to look for M&A opportunities here in India and across all of our markets where it makes sense,» he said, adding that the company is talking to many companies in multiple markets. In India, UMG is looking to acquire companies across the music ecosystem, including labels and catalogues. «Music has to be a central piece of the company,» Granite said.

DoT) is likely to approach National Security Council Secretariat (NSCS) to seek approval and clarity on satellite communications, particularly on data transfer and usage, as well as equipment and components used in satellite gateways based in India, said officials privy to the details. The department is yet to finalise terms and conditions that would be included in awarding satellite communication with the aim of safeguarding security and integrity of the country, the officials told ET. «The views of NSCS around security parameters are important as satellite communications can't be barred by physical borders,» said one of the persons cited above. The NSCS is the working body of the National Security Council (NSC), which is chaired by the Prime Minister.

India has expressed interest in financing Bangladesh's Teesta economic zone project amid reports that China is also keen to finance the venture. India's interest in a dredging and development project, which envisions to turn the Teesta river belt into a zone of economic activity, was expressed when foreign secretary Vinay Kwatra met Bangladesh Prime Minister Sheikh Hasina, foreign minister Hasan Mahmud and his counterpart Masud Momen in Dhaka. «You know we have taken on a big project on Teesta. India wants to finance this project. It will have to be implemented in line with our needs. We want to see our needs fulfilled,» Mahmud told reporters after his meeting with Kwatra on Thursday. Teesta is a major transboundary river between India and Bangladesh.