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Europe's economic outlook just took a turn for the worse

Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks. 

(Reuters) — The U.S. drug regulator on Monday authorized updated COVID-19 vaccines from Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) that closely match the widely circulating Omicron variants, allowing the deployment of the shots to start as soon as this week.

NEW DELHI : India and Saudi Arabia agreed to link their power grids, underscoring a deepening energy alliance that could significantly boost the reliability of power grids in both countries and foster economic development. The agreement on linking power grids follows another more expansive infrastructure connectivity project plan to develop an India-Middle East-Europe economic corridor. The project, announced on 9 September during the G20 summit, envisages a rail and shipping corridor connecting India, the United Arab Emirates (UAE), Saudi Arabia, the European Union, France, Italy, Germany and the US.

By Valerie Volcovici and Riham Alkousaa

China said on Monday that it welcomes the India-Middle East-Europe Economic Corridor announced on the sidelines of the G20 summit so long it doesn't become a «geopolitical tool», even as it downplayed Italy's plan to pull out of its Belt and Road Initiative (BRI). China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said. «At the same time, we advocate that various connectivity initiatives should be open, inclusive, and form synergy, and should not become geopolitical tools,» the ministry said in a written response to PTI to a question on China's reaction to the new corridor. On Saturday, Prime Minister Narendra Modi announced plans to launch the India-Middle East-Europe Economic Corridor which includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US. «Today we all have reached an important and historic partnership. In the coming times, it will be a major medium of economic integration between India, West Asia and Europe,» Modi said.

“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.

global market, domestic benchmark indices ended in the green for the sixth day in a row, each one gaining nearly 3%. The dollar, Treasury yields, and US stock futures all declined as speculation mounted that the US Federal Reserve will decide to leave interest rates unchanged at its September meeting. While the Sensex closed, major European markets such as the UK's FTSE, France's CAC, and Germany's DAX traded with large losses.

By Valerie Insinna and Abhijith Ganapavaram

By Robert Harvey and Natalie Grover

Investing.com — European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later in the week.

Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.

Russia-Ukraine crisis, German economy is expected to contract in 2023, predicted European Commission on Monday. The recent cut in forecast has come at a time when Euro's biggest economy is facing high inflation and the spill over effect of Russia-Ukraine war. Now, Germany's GDP is predicted to shrink by 0.4% in 2023 against 0.2% projected previously.

India-Middle East-Europe Economic Corridor announced on the sidelines of the G20 Leaders' Summit is expected to be a game-changer project and provide a huge boost to global trade, said EEPC. India expects this corridor to be economically more viable than China's flagship Belt and Road Initiative (BRI). TheUS, UAE, Saudi Arabia, European Union (EU), Italy, France and Germany were brought together on the economic corridor agreement on the sidelines of the G20 Summit. The US-backed corridor seeks to connect India with Europe via the Middle East by sea and port.

Chris Evans disclosed that he married Alba Baptista, a 26-year-old Portuguese actor. It is reported that the couple quietly tied the knot this month. Chris Evans and Alba Baptista reportedly exchanged vows during a private ceremony at a Cape Cod estate on September 9 and 10, 2023, as reported by People. Notably, Chris Evans' Marvel co-stars, such as Robert Downey Jr., Chris Hemsworth, John Krasinski and Emily Blunt, were present. The wedding was not officially confirmed by the their representatives. Here, everything to know about Alba Baptista, the wife of Chris Evans:

As India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible manner in addition to planning for a future involving crypto assets and central bank digital currencies (CBDC).

Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.

Narendra Modi, and other ministers during the event. “I am very glad to be here in India. I want to congratulate India for the G20 Summit...A lot of announcements have been made that will benefit G20 countries and the world.

India’s Prime Minister Narendra Modi touted his country as well-placed to bridge gaps in the Group of 20 top economies and solve global problems

Narendra Modi as an agreement signed with the US, the UAE, Saudi Arabia, France, Germany, Italy and the EU Commission, we have hope that such a modern “Silk Route" can get the better of China’s Belt and Road Initiative. For one, the logic here is trade connectivity, not loan entrapment or power projection by anyone.

New Delhi: As artificial intelligence (AI) continues to exacerbate cyberattacks around the world, there is an increasing need to adopt global standards, if not regulations, to tackle how cyberattacks are lowering the threshold of warfare. In an interview, Philipp Rosler, who served as the federal minister of economic affairs and technology, as well as the vice-chancellor of Germany between 2011 and 2013, spoke about the state of cybersecurity in an increasingly fragmented world and how this affects global collaborations across sectors. Rosler, who is on the board of directors of $3.5-billion Swiss cybersecurity firm Acronis, also highlighted the increasing role of governments in modern-day cyber policies and why security companies will need to collaborate with, alongside adopting the right regulations.