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Iran on Thursday rejected a G7 statement which called on Tehran to stop supporting Hamas militants and taking actions that «destabilise» the Middle East. Tehran's comment came a day after foreign ministers from the G7 group of advanced economies, meeting in Tokyo, expressed support for «humanitarian pauses and corridors» in the Israeli-Hamas war. Israeli air strikes have pounded the Palestinian territory of Gaza since Hamas gunmen stormed across the heavily militarised border on October 7 to kill more than 1,400 people, most of them civilians, and seize around 240 hostages, according to Israeli officials. The subsequent Israeli bombing campaign in Gaza has killed more than 10,500 people, two-thirds of them women and children, according to the Hamas-run health ministry. The G7 also called on Iran to «refrain from providing support for Hamas and taking further actions that destabilise the Middle East, including support for Lebanese Hezbollah and other non-state actors.» On Thursday, Iran's foreign ministry spokesman Nasser Kanani «strongly condemned» the statement by the group which includes the United States, Britain, Germany, Canada, Italy, France, and Japan. He said Iran has engaged in «non-stop efforts to stop military attacks of the Zionist aggressor regime (Israel) on the defenceless citizens» in Gaza.

Adidas says it may write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West

The German government’s panel of independent economic advisers is forecasting that the country's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year

General Motors will not break its partnership with Andretti Global to enter Formula One and is not interested in considering other teams to partner with to gain entry to the global motorsports series

BERLIN : Germany is keen to have Chancellor Olaf Scholz visit India in October 2024, according to persons aware of the matter. The visit is expected to coincide with the Asia Pacific Conference of German Business. Scholz, who has visited India twice this year, is also expected to attend the next round of intergovernmental consultations that take place once every two years.

cancer, as it damages the body's “tumor suppressors" by changing the DNA, as per a study conducted by scientists at the Ontario Institute for Cancer Research (OICR). The study, published in Science Advances journal on November 3, said smoking alters the DNA responsible for developing a protein that stops the growth of abnormal cells such as those of cancer. This change made to the DNA due to tobacco smoking is known as ‘stop-gain mutation'.

Israeli ambassador Naor Gilon urges Indians to light a ‘Diya of Hope’ for hostages held by Hamas Several terms have come to the fore since fighting began last month – with calls for a truce, a humanitarian truce, de-escalation, a humanitarian ceasefire and a cessation of hostilities. There is no clear definition for each of these concepts with all referring to a break in fighting – of varying lengths. A pause is simply considered less formal and shorter than a ceasefire.

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country. Discussions between the Musk and Goyal in the U.S. will centre around Tesla's plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation, one of the two sources told Reuters. A discussion is also likely on a new policy India is working on which will allow automakers to import fully built EVs into India at a reduced tax rate of 15%, down from as much as 100% now, if they commit to some local manufacturing. This meeting is to ensure that talks between India and Tesla «are moving in the right direction,» the person added.

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The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth

Global shares are mostly lower in muted trading ahead of a speech by U.S. Federal Reserve Chair Jerome Powell that might point the way for future interest rate policy

Ukrainian energy infrastructure 60 times in the last several weeks as winter approaches and temperatures drop, driving up public energy consumption, officials said on Wednesday. Ukraine fears Russia may have already begun a concerted campaign of attacks on the power grid for a second winter at war. Last winter, thousands of Russian drones and missiles targeted Ukraine's power sector, causing sweeping blackouts.

Investing.com — European stock markets traded in a subdued fashion Wednesday, as investors awaited comments from Fed Chair Jerome Powell while digesting more quarterly corporate earnings.

If you're going to leave your job in an investment bank, you will not normally do it in the depths of the year just months before bonuses are paid.

Modi said on Wednesday that the rise in patent applications in India demonstrate the rising innovative zeal of its youths and is a very positive sign for the times to come. He was reacting to a World Intellectual Property Organization report which said patent applications by residents of India grew by 31.6 per cent in 2022, extending an 11-year run of growth unmatched by any other country among the top 10 filers. China, the US, Japan, South Korea and Germany were the countries with the highest numbers of patent filings in 2022, it said. While innovators from China continue to file nearly half of all global patent applications, the country's growth rate dipped for a second consecutive year from 6.8 per cent in 2021 to 3.1 per cent in 2022, it said, while noting India's growth. Modi said on X, «The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come.»

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.

Investing.com — The U.S. dollar edged higher in early European trade Wednesday, picking up ahead of a key speech from Fed Chair Jerome Powell later in the session. 

By Ludwig Burger

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. 

CLAIM: Salzburg Airport in Austria has a help desk specifically for people who intended to fly to Australia.

Berlin: German authorities are eyeing closer collaboration with Indian startups in mobility, health, energy and advanced materials among other fields, said a German government official, after regulatory and political troubles with China led to a shift in focus toward India. China’s harsh covid-era restrictions also proved an obstacle to German firms, said the official. The city of Berlin, a leading hub for German startups, is particularly interested in building collaborations with Indian startups.