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electric vehicle later this week. Anticipation surrounds the reveal of this electric supercar, scheduled to take place on August 18 at the Monterey Car Week in California, United States. Building excitement prior to its global debut, Lamborghini has provided a glimpse of the approaching EV, set to be presented in its conceptual guise.

Jute industry’s revenue is likely to witness a decline of 5-6 per cent in this financial year due to lower exports, a report said on Wednesday.According to Crisil Ratings, this would be the second consecutive year of fall for Jute industry revenue, However, domestic demand is expected to be stable, it added.

The US Masters T10 League has received a boost with three American sports stars acquiring equity stakes in the US Masters T10 League franchises.

Ali Fazal is set to feature in an Off-Broadway production in the US, beginning October. Fazal, an already known name in the US courtesy his appearances in movies such as «Furious 7», «Victoria & Abdul», «Death on the Nile» and most recently «Kandahar», will be the first Indian actor to be a part of an Off-Broadway production.

The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.

Its electric cars have been dogged by poor reviews and it’s on pace to make fewer sales this year than General Motors Co. does in a week. 

A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.

Intel said on Wednesday it would walk away from its more-than-$5 billion proposed acquisition of Israeli chip maker Tower Semiconductor after failing to win regulatory approval for the deal. The deal required approval from a number of jurisdictions, and China’s State Administration for Market Regulation had yet to sign off by Tuesday’s approval deadline. The Chinese regulator didn’t immediately respond to a request for comment Wednesday.

BSE Sensex ended at 65,539.42 up 137.50 points or up 0.2 per cent while the Nifty also closed at 19,465 level, up 30.45 points or 0.16 per cent. Metal and financial stocks saw the most declines following a spike in domestic retail prices that prompted caution, and further worries about China's economic recovery weighed on the market sentiment. Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The initial apprehension stemming from an above-expected surge in domestic CPI inflation, driven by higher food prices, induced volatility in the Indian market.

Setbacks securing the release of Wall Street Journal reporter Evan Gershkovich and other Americans held in Russia through a trade for high-profile Russians locked up in other countries have forced U.S. officials to refocus on a deal involving Russian prisoners in U.S. custody.

Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States.

El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants like JP Morgan, Eaton Vance and PGIM Fixed, prompting President Nayib Bukele to say, “I told you so.”

No news might be usually good news but not when it comes to Ticketek, the ticketing giant put on the market by its owner, Silver Lake.

In the most recent update in the legal proceedings of the United States Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres grants permission for an investment banker declarant to make an appearance. 

Circleis advocating for federal legislation regarding stablecoins amid the volatility in its USD Coin (USDC) after some bank failures earlier this year. 

Rajinikanth's latest film 'Jailer' has hit it out of the park at the worldwide box-office. On the sixth day since its release on August 10, the movie has breached the Rs 400 crore-mark, globally, according to film trade analysts Manobala Vijayabalan and Ramesh Bala. 'Jailer' earned Rs 64.27 crore on Independence Day (Day 6), taking its worldwide total to Rs 416.19 crore.

The comments come after a raft of recent figures that have stoked concerns over China's stuttering post-Covid recovery, and after US President Joe Biden said the country's mounting economic problems made it a «ticking time bomb». «After the smooth transition of the epidemic prevention and control, China's economic recovery is a wave-like development and a tortuous process, which will inevitably face difficulties and problems,» foreign ministry spokesman Wang Wenbin said at a regular press conference. «A number of Western politicians and media have hyped up the periodic problems in China's post-epidemic economic recovery process. But eventually, they will for sure be proven wrong,» he added. Retail sales, a key gauge of consumption, grew 2.5 percent year-on-year in July, the National Bureau of Statistics (NBS) said on Tuesday, down from 3.1 percent in June and falling short of analyst expectations.

Burger King outlets in India, patrons are no longer getting tomatoes in their wraps and burgers amid persisting high prices. Notices pasted at two Burger King India outlets read, «Even tomatoes need a vacation… we are unable to add tomatoes to our food,», Reuters reported on August 16. Burger King is one of India's biggest burger chains with nearly 400 outlets.

He replaces Simon O’Connor, who has held the role for three years, while also serving as CEO of the Responsible Investment Association Australasia.

The Bank of England

Honor, previously a Huawei spin-off brand, is set to make its India comeback in the coming days. The brand which exited the Indian smartphone space in 2020, roughly around the same time it was sold to Shenzhen Zhixin New Information Technology in the aftermath of US sanctions on parent company Huawei that restricted the sale of hardware components to it by American firms, is re-entering the market under the leadership of Realme co-founder Madhav Sheth who quit in June after a 5-year-long stint at the Oppo offshoot.