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Mnatsakanian took on the role in January last year, charged with leading the expansion of UBS AM's impact investing offering, research and impact measurement capabilities. Her departure comes amid a sweep of senior changes at UBS as the lender enters the final stages of its takeover of Credit Suisse. The formal merger of UBS AG and Credit Suisse AG — the former owner of Credit Suisse bank — completed on Friday (31 May). Credit Suisse CEO steps down in major UBS board shake-up A spokesperson for UBS AM said the firm was still solidifying its respective teams by «bringing together th...

Subscribe to enjoy similar stories.From fertilizer production falling to near five-year low in March, to foodgrain stocks surging to nearly three times the mandated buffer, to rural patients spending more than urban counterparts at government hospitals, to major IT firms declaring their FY26 earnings — here is a compilation of this week's news in numbers.India's fertilizer production fell to a near five-year low in March. Shortages of inputs, such as liquefied natural gas and sulphur, caused by the war in West Asia, dragged output down by 24.6% year-on-year.

Subscribe to enjoy similar stories.Exxon Mobil, Chevron and other energy companies are speeding up their searches for new oil-and-gas prospects—far away from the perils of the war in the Middle East.Exxon recently outlined a potential plan to pump up to $24 billion into Nigeria’s deep-water oil fields, while Chevron expanded its footprint in Venezuela. BP bought stakes in oil blocks off the coast of Namibia, and TotalEnergies signed an exploration deal with Turkey.

Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.Major central banks are expected to remain cautious in the coming weeks as the war in West Asia has clouded the global economic outlook, with supply disruptions and higher oil prices stoking fears of stagflation.The Federal Reserve, Bank of England, and Bank of Japan are widely expected to keep interest rates unchanged in the near future, amid the war fog, trying a balancing act between a possible increase in inflation and a slowdown in growth.

American technology major Oracle Corporation’s decision to part ways with 30,000 employees globally—almost 19% of its total workforce—has sent shockwaves through the organization. It has also deepened concerns about the sustainability of software product companies in the era of artificial intelligence (AI) and automation.Employees across sales, human resources, engineering and developer roles faced the axe after receiving an email from the company’s leadership at 6 am (in all time zones) on Wednesday, citing “broader organisational change”.

TCS even though there was no IT industry to speak of. What followed was one of the great acts of industrial creation in post-independence India.The foundations of what is today a $300 billion industry were built on his clarity about the opportunity.

Greaves Cotton, known for engine manufacturing and engineering.“As an auto component company, in some ways, it's easier for us to do that. We are dealing in components; so, there's not a huge difference in the components when it comes between, let's say a CNG or a diesel or a petrol.

New Delhi: India’s top carmakers are seeking alternative sources for lithium-ion cells that go into electric vehicle batteries as they seek to secure supply to counter China’s unpredictable curbs.Mahindra and Mahindra Ltd, the country’s second-largest carmaker, has begun talks with Germany’s Volkswagen Group, which has a lithium-ion cell subsidiary PowerCo, for future supply, the company said at Kotak Institutional Equities’ Annual Investor Conference last week.While Tata Motors Passenger Vehicles Ltd will depend on its group firm Agratas, Hyundai Motor India Ltd has inked a partnership with Exide Industries Ltd to procure locally made cells from the gigafactory under construction in Bengaluru.Lithium-ion batteries account for more than a third of an EV’s cost. Diversifying cell supply is important after China imposed restrictions on the export of rare-earth magnets, another critical component used in building motors.

global trade war. The 10-year Treasury yield fell by 11 points to 4.085 per cent. This is the lowest level in six months while the two-year yield dropped by 9.5 basis points to 3.809 per cent. The broader bond market, as per reports, echoed this trend, with the 30-year Treasury yield slipped to 4.44 per cent. The 1-year Treasury yield declined to 3.957 per cent. The fall in yields is an indicator of the shift in investor sentiment towards safer assets amid looming economic uncertainty.

HDFC Bank and IT stocks was offset by losses in Reliance Industries, ICICI Bank, and M&M. The benchmark BSE Sensex added 32.81 points or 0.04% to close at 78,017.19, while the broader Nifty 50 index closed at 23,668.65, higher by 10.30 points or 0.04%.

International Olympic Committee for Kirsty Coventry. The first woman president elected in the IOC's 131-year history began Friday in a breakfast meeting with Thomas Bach to start their transition. The formal handover is on Olympic Day, June 23. They agreed Coventry will take precedence in major IOC decisions in the next three months. The 41-year-old sports minister of Zimbabwe will soon resign her government position and plans to move with her family in April to the Olympic home city, Lausanne in Switzerland. Here's a look at some of the issues ahead: Equality for women Coventry's victory is the biggest statement of Bach's consistent policies to promote women in Olympic sports and politics.

The conversation lasted approximately an hour, and Trump indicated that further details would be provided soon. “Just completed a very good telephone call with President Zelenskyy of Ukraine,” Trump wrote on his Truth Social platform. “Much of the discussion was based on the call made yesterday with President Putin in order to align both Russia and Ukraine in terms of their requests and needs. We are very much on track.” Trump also confirmed that Secretary of State Marco Rubio and National Security Adviser Michael Waltz would release a statement outlining the points discussed. On Tuesday, Trump spoke with Putin about a possible partial ceasefire. Putin agreed not to target energy infrastructure but refused to back a full 30-day ceasefire.

With interest rates being a key factor in home loans, personal loans, and corporate borrowings, understanding the latest rates can help borrowers make informed financial decisions. Below is an overview of the latest lending rates across major Indian banks.

Narendra Modi is only the third head of government or state, after Israel's Benjamin Netanyahu and Japan's Shigeru Ishiba, to be received in Washington after Donald Trump's second inauguration as president of the US. This reflects the importance the US under Trump continues to attach to its relations with India. It also reflects the affinity, both personal and ideological, that Modi and Trump appear to share.

export of nuclear energy technologies, so the sanctions are seen as a form of unfair competition from unfriendly states," it said. «For nearly three years, we have operated under growing sanctions pressure, adapting successfully and remaining prepared for any scenario. Rosatom continues to meet all its commitments to partners in full,» Rosatom said in a statement. President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict. Two Indian companies-Skyhart Management Services and Avision Management Services- and senior officials from Rosatom which specialises in nuclear energy, nuclear non-energy goods and high-tech products were among the over 150 entities and individuals, including major Russian oil producers Gazprom Neft and Surgutneftegas, Russian insurance companies, and shadow fleet vessels, were imposed with restrictions.

Lionel Messi could not be present in person at the White House to receive the US' highest civilian award — the Presidential Medal of Freedom — from outgoing President Joe Biden. Messi currently plays for Inter Miami in the Major League Soccer (MLS) in the United States.

A Major League Baseball panel cut the rights fees owed the Washington Nationals from the Mid-Atlantic Sports Network by 20% for each of the final three seasons of the five-year period through 2026, citing a deteriorating cable television market

Juan Soto and the New York Mets agreed to a record $765 million, 15-year contract Sunday night, a person familiar with the deal told The Associated Press

If you're working for a bulge bracket US investment bank, and you're thinking of moving to a European bank for lifestyle reasons, because yourworking hours are terrible, then I have one thing to say: don't. 

Inter Miami and Argentina soccer legend Lionel Messi had heart-break in MLS Cup playoffs as Atlanta United emerged winner in Game 3. With this, questions and apprehensions were raised about the World Cup winning star's future in Major League Soccer. After speculations in the social media and news outlets, Messi has decided to reveal his future plans. «A season ended in which we continued to grow as a club and, although we achieved some goals, we wanted more,» Messi wrote on Instagram Monday. «Thanks to all the people who joined and supported us. Now let's get ready to come back stronger next year,» Messi posted. Messi's contract with Inter Miami will expire in 2025.