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Mamata Banerjee returned to Kolkata after a 12-day tour of Spain and UAE, the ruling Trinamool Congress and opposition BJP on Sunday got involved in a war of words with the saffron party mocking the CM's trip and the TMC questioning Prime Minister Narendra Modi's foreign visit when Manipur was burning. Senior BJP politician and leader of the opposition Suvendu Adhikari accused the TMC of «hobnobbing with corruption» for questioning Modi's overseas visit. TMC spokesperson Kunal Ghosh shot back saying, «Banerjee is more trustworthy» than Modi. "PM @narendramodi embarked on foreign trips while Manipur was burning.

Also Read: ‘Crude’ impact on economy: $10 rise in Brent widens India's CAD by 0.5%, say analysts as oil sizzles to 10-month high Oil prices are expected to trade higher and can touch above $95, but market analysts reckon that prices sustaining above $100 is questionable. ‘’Markets fear that this trend could spur more cooling in the US economy, potentially denting crude demand,'' said domestic brokerage firm Motilal Oswal. US fuel demand is also expected to cool in the coming months, with the end of the travel-heavy summer season.

Khalistani terrorist Hardeep Singh Nijjar, a Canadian citizen. Nijjar, who was designated a terrorist in 2020 by India was killed outside a Gurudwara in British Columbia's Surrey in June this year.

Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August. «We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight.

Bitcoin (BTC) stuck to $26,500 into the Sep. 24 weekly close as exchange trader “accumulation” continued.

Quadrant Private Equity’s Pacific Hunter hospitality empire has been handed a lifeline after its two lenders extended the debt out two years and provided the group with access to additional facilities.

Justin Trudeau's allegations of Indian involvement in the assassination of Sikh separatist leader Hardeep Singh Nijjar, Canada is contemplating a shift in its foreign policy approach, as reported by the Japan Times. Trudeau's accusation concerning Nijjar's assassination on Canadian soil has strained relations between Ottawa and New Delhi, with repercussions echoing in Canada's relations with other nations, particularly China. The arrests of businessman Michael Spavor and former diplomat Michael Kovrig by Beijing on espionage charges, in retaliation for the detainment of Huawei executive Meng Wangzhou in 2018 at the request of the United States, have added to the diplomatic tensions. China-Canada relations further soured due to allegations of Chinese electoral interference and threats against Canadian lawmaker Michael Chong, resulting in record-low favorability ratings for China in Canada. Discussing engagement between the two nations has become a sensitive issue. Canada's relations with Russia are also strained due to its staunch support for Ukraine in the ongoing conflict. Canada now finds itself in a precarious position, having alienated India, China, and Russia—three significant global players. Additionally, the looming possibility of Donald Trump's return to the U.S. presidency in 2024 poses another challenge, potentially misaligning Canada's goals with its most important economic, security, and political partner.

Rising oil prices are, generally speaking, wonderful for companies that pump it out of the ground. But only up to a point. Crude near $100 a barrel might be an unattractive price for everyone involved.

Pope Francis’ views on Russia and its invasion of Ukraine are alienating many Catholics in Central and Eastern Europe, who believe that the pontiff is understating Russia’s historic expansionism in the region and the threat it poses today. The pope’s recent praise of the 18th-century Russian empire that subjugated Ukraine stirred outrage well beyond Ukraine itself.

(This story originally appeared in on Sep 24, 2023)

The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassic USD (USTC), with the objective of reestablishing a stable peg between USTC and the U.S. dollar.

US Census Board. As per fresh statistics, as of July 2022, legal and illegal immigrants together account for 13.9 % of the total US population of 33-odd crore. This ratio stood at 13.6% a year earlier. As far as immigration into the US goes, Mexico, China and India are the top three source countries. Immigrants from India and China constitute 6% each of the total immigration count in 2022. According to the 2022 census findings, the number of Indians is 28.4 lakh, up from 27.09 lakh a year ago.

PTI. This report came as the top US diplomat in Canada confirmed that there was “shared intelligence among Five Eyes partners" that had prompted Canadian Prime Minister Justin Trudeau’s offensive allegation against India in the killing of a Khalistani extremist on Canadian soil. “There was shared intelligence among ‘Five Eyes’ partners that helped lead Canada to (make) the statements that the prime minister made," US Ambassador David Cohen told Canadian CTV News network.

₹299.64 in the interbank market. Analysts attribute this to easing import restrictions, which have increased demand for the US dollar.

Also read: Week Ahead: Macro data, IPO action, FII mood, global cues among key market triggers this week Concerns like rising crude oil prices, firm US dollar index and treasury yields coupled with continuous FII selling have been denting the sentiment in the markets, Amol Athawale, Vice President - Technical Research, Kotak Securities Ltd, said. "Global and domestic macroeconomic data, trend in global stock markets, crude oil prices, movement of rupee against the dollar, investment by FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) will be in focus.

Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove persistent. Policymakers in the US made their decision unanimously, while those in the UK were split. Meantime, Bank of Japan Governor Kazuo Ueda tamped down speculation of a near-term interest rate hike after the central bank chose to stick with its ultra-easy stimulus. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:US Fed Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy.

This saw the benchmark Sensex and Nifty50 drop close to 3% each and snap a three-week winning streak. The week ahead is unlikely to bring major fireworks, and market experts see high volatility amid the expiry of the September derivative series. Global markets, which also played a role in the downward trend of local shares, will continue to be closely tracked by investors for cues. Further, foreign institutional investors were big sellers in the domestic market last week. So, their trading strategy will be closely tracked to gauge market direction.Global Markets Benchmark indices in the US registered 2-4% weekly losses, which has turned the global sentiment sour. “The global markets are facing challenges, particularly after the ultra-hawkish FOMC policy.

OSIRIS-REx mission, spearheaded by NASA, is reaching a crucial milestone as it returns to Earth, bearing an exceptional sample harvested from the asteroid Bennu. Launched in 2016, this mission, officially named Origins, Spectral Interpretation, Resource Identification and Security–Regolith Explorer, achieved a historic feat when it successfully collected dust and pebbles from Bennu's surface three years ago.

inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline, dropping 3% from $161,000 to $156,000, a new report has revealed. When adjusting for inflation, the data by AI-driven marketplace Hired revealed a staggering story — local US salaries have plummeted to their lowest point in the past five years, decreasing 9% from $141,000 to $129,000 from 2022 to mid-2023.

A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against them claiming that it assisted in the exchange's alleged fraud.

Three years after Goldman Sachs Group agreed to fork over more than $US5 billion for its role in the plundering of Malaysia’s 1MDB investment fund, the Wall Street giant has struggled to put the scandal to bed.