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Houthis, in order to re-establish free passage. Bab al-Mandab is a narrow strait between Africa and the Arabian Peninsula through which an estimated 12% of global trade by volume normally flows, and perhaps 30% of global container traffic. It has become a no-go zone as the Houthis, based in Yemen, attack shipping, ostensibly in support of the Palestinians in Gaza.

Sun Pharma and Lupin are recalling products in the US market over manufacturing issues, as per the US Food and Drug Administration (USFDA). Mumbai-based Sun Pharmaceutical Industries is recalling 96,192 bottles of Liothyronine Sodium Tablets in the US that are used to treat an underactive thyroid, according to the latest enforcement report issued by the American health regulator. Princeton-based Sun Pharmaceutical Industries Inc, a unit of the company, is recalling the affected lot that was produced at the drugmaker's Dadra-based facility.

interest rates unchanged this week, but signaled different paths for policy going forward. Officials in the US are prepared to cut interest rates in 2024, while those in Europe said they’d step up their exit from pandemic-era stimulus. Meantime, policymakers in the UK were more hawkish, with several still supporting a rate hike at Thursday’s meeting. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: US The Federal Reserve pivoted toward reversing the steepest interest-rate hikes in a generation after containing an inflation surge so far without a recession or a significant cost to employment.

Christmas in Mumbai is when you see nuns buying dried fruit at Crawford Market. Like many other Christmas cake bakers, they clearly believe that the best-dried fruit, in quality and value, is still found among the vendors here. Dried fruit is intrinsic to Christmas, whether in cake, pudding or mince pies, where ‘mince’ means chopped-up dried fruit.

Dalal Street, and market experts see them riding indices further higher in the near term. Last week’s rally was driven largely by foreign inflows, which will be essential for a sustained up-move in the market. After the 7% gains clocked in by Nifty 50 so far in December, technical charts, however, suggest that the market has entered into an overbought zone, and some cooling off to that extent is warranted. “From a technical standpoint, the Nifty is maintaining its bullish momentum, marked by a breakout from a flag formation. The immediate target stands at 21,700, with the possibility of further upward movement to 22,000, although some consolidation may follow,” said Santosh Meena, head of research, Swastika Investmart. On Friday, the Nifty 50 ended at a record closing high of 21,456.65 points with 1.3% gains. While the outlook for the secondary market remains positive, the action is likely to be more in the primary market as a plethora of IPOs are scheduled to hit the Street. Here are a few other factors that will drive the momentum for markets in the coming week.

Kerala. A mock drill is underway in health facilities across states, evaluating public health and hospital readiness. This exercise, overseen by district collectors, commenced on December 13 and is scheduled for completion by December 18, 2023.

nuclear-powered submarine arrived in the South Korean port city of Busan on Sunday, the Yonhap news agency reported citing the South Korean navy. The arrival of the USS Missouri, also known as SSN-780, comes after South Korea and the U.S. held their second Nuclear Consultative Group meeting in Washington on Friday. «Any nuclear attack by North Korea against the United States or its allies is unacceptable and will result in the end of the Kim regime,» a joint U.S.-South Korean statement from the meeting said. A senior South Korean official said earlier this week that North Korea may test-launch an intercontinental ballistic missile this month. Visits by U.S.

Pankaj Murarka, CIO, Renaissance Investment Managers, says “the AI wave will be a much longer term wave like we saw in the mid-90s or early 90s till the end of the decade, the dotcom boom. As a result, IT companies in India across largecaps and midcaps, if they execute well, if they have solutions around it and if they build capabilities around AI, will see a huge amount of work flowing to them. This whole wave of elevated IT spends or resurgence in IT spends globally will sustain for this decade. That is my view and that is why I think this is not one of those cyclical rallies in IT, but this is probably a change of trend.” It has been such a great week. Shouldn’t you be more enthusiastic? We are nearing the end of the year. It has been a phenomenal year for equities globally and for India as well and now that we are ending on a very high note with the last of the sector which had not participated in this b,ull market for almost 24 months now has also started participating. So, it is time to just calm down and absorb all that we have gained and experienced.

India seeks to get work visa demand addressed at FTA talks with UK Bhatia was last seen in Canary Wharf, East London. He has been missing since 15 December.

(Reuters) — A British man accused of allegedly defrauding investors of nearly $100 million through a Ponzi-like scheme involving nonexistent luxury wines pleaded not guilty in a U.S. court on Saturday.

artificial intelligence (AI) gains prominence among businesses, in the past week alone, at least two reports were published that focused on its impact on Indian enterprises, highlighting the significance of process automation and generative AI as key investment catalysts. The first Automation Now & Next report was by US-based software firm Automation Anywhere. Along with independent research and analysis firm Foundry, looked at actions, experiences, and projections of more than 1,000 decision-makers, C-level executives, business leaders, automation leaders and practitioners across industries and regions over two months. The report underscored three topics – AI, productivity improvements and scalability.

gains for the seventh consecutive week, marking their longest winning run since January 2018. Specifically, the BSE benchmark jumped 1,658.15 points or 2.37 per cent on the week, while the Nifty climbed 487.25 points or 2.32 per cent. Global cues triggered foreign capital inflows into Indian markets after the US Federal Reserve signalled the end of its tightening cycle.

Netflix unveils its line-up for January in the United States. The streaming giant promises an array of licensed and original content, spanning movies, series, and games.

Netflix removals is crucial, as licensing agreements dictate that content has a fixed period on the platform.

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(Reuters) — A U.S. auto safety regulator said on Friday it will open an investigation into about 454,840 Nissan (OTC:NSANY) vehicles over reports alleging engine failure that can lead to a loss of motive power with no ability to re-start.

By Diane Bartz and Mike Scarcella

India's moment to respond and arrive on the global stage, Times Group MD Vineet Jain said in Mysuru on Saturday, pointing to the country's outstanding macroeconomic, demographic, and social indicators. The country is now poised to take the next big jump and take a leading role in driving big ideas in three major areas -innovation in technology and entrepreneurship, education and skill development, and sustainability and environmental stewardship, he said. Jain was delivering the valedictory address at the fourth international conclave on Globalising Indian Thought, Indian Knowledge System, Culture, and Management. Professor Debashis Chatterjee, director of the Indian Institute of Management, Kozhikode, chaired the valedictory event. «India's greatest strength is our human resource,» Jain said, as he delved into the «Idea of globalising Indian talent» in his address. He said India's current workforce is estimated at 495 million, which is expected to grow to 1.1 billion by 2050, implying that the country will make up 40% of the global workforce by then. «With a million young Indians joining the workforce every month, India will be the only country on the planet with a surplus of talent,» he said, underlining the opportunity to the Indians who have already been visible and transformative at the world's most celebrated institutions. He quoted US envoy to India Eric Garcetti's statement that more than 10% of Fortune 500 companies' CEOs are Indians or of Indian origin. Some of the most iconic global companies such as Microsoft, Alphabet, Starbucks, Adobe, IBM, Novartis, Barclays, Bata and Deloitte, among others, are headed by persons born, educated and trained in India, Jain said.

India has declared a one-day state of mourning throughout the nation on Sunday as a mark of respect to the Emir of the State of Kuwait, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah who passed away today. As a part of state mourning, the Indian tricolour will be flown at half-mast throughout India on all buildings where it is flown regularly. «His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait passed away on December 16, 2023.

PGA TOUR headquarters in Ponte Vedra. The TOUR spent years harvesting the fruits of their prominent status, attracting top talent and generous sponsorships. They used their seat at the table to concentrate power, exemplified by the uneven distribution of points in the Official World Golf Rankings, and access to major tournaments.

NBC news, Russian spokesperson Dmitry Peskov was asked if Putin could work with former US President Donald Trump. In his response, Peskov was quoted as saying that Putin would be ready to work with "anyone who will understand that from now on, you have to be more careful with Russia and you have to take into account its concerns." According to reports, Trump had commended Putin’s leadership style during his time as the US president. ALSO READ: Vladimir Putin interacts with AI double, reiterates stance on Ukraine war: Here are 10 key points The NBC news reported in September this year that Russian President Putin had said he was "happy" to hear Trump's promise to "resolve all burning issues within several days" — including the war in Ukraine.