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Share prices around the world slumped on Wednesday after an overnight drop in US markets led by Nvidia. Stock markets from London to Frankfurt and Tokyo all traded in the red as concerns grew of global growth weakening after a subdued US manufacturing report.

China's emergence as the manufacturing centre of the world is largely a consequence of American policy, because if you look at the top 30 companies in the United States of America, 95% to 98% of the manufacturing is outsourced to China, India's G20 Sherpa Amitabh Kant said here on Wednesday. Both the Chips Act and the Inflation Reduction Act of USA are protectionist in character. «It's important because if you want to shift towards net zero, it will be almost impossible to do it without India. And the reason for that is that green hydrogen manufacturing firm from India today is costing $4.5 per kilogram, whereas in the US, it will cost about $7-7.5 per kilogram. The extent of subsidisation will be enormous,» Kant said at an interaction with US G20 & G7 Sherpa and Deputy NSA Daleep Singh on India-USA Economic Partnership organised by the Observer Research Foundation. «If you want the world to move towards clean energy, reach the target of net zero, you want production of the lowest cost possible. And therefore, the size and scale of manufacturing from India, which India has demonstrated through procurement of LED bulbs, the prices for procurement of large scale buses, electric buses, prices for you, it needs the size and scale of a country like India to radically bring down the price to $1 per kilogram by 2030 and that capacity to do it only India has. And that's why, if you want the world to achieve success in net zero, you need to work with partners like India.»

Karnataka wants to create 4-5 more regions like Bengaluru, India's Silicon Valley, in the state, minister for electronics and information technology and biotechnology Priyank Kharge said. Speaking at an event organised by IT industry body Nasscom, Kharge said he wants to position Karnataka not just as an investment destination, but also a space for knowledge and skills. In a fireside chat with Nasscom president Debjani Ghosh at its Design and Engineering Summit 2024 on Wednesday, Kharge said this will bring in more innovation in the country and in the next 4-5 years, Karnataka will not just be innovating for India but for the world. In a recent post on microblogging portal X, Kharge said Karnataka is the fourth largest technology cluster in the world and the leader in the country in many verticals. The southern state has over one-third of India’s tech talent and close to 25,000 startups, 52 unicorns (startups with valuation of $1 billion or more) and 47 soon to be unicorns.

Blackstone Inc. has agreed to acquire AirTrunk in a deal valuing the Australian data centre operator at A$24 billion (US$16.1 billion), including debt and capital expenditure for committed projects.

Toy Story 5 is set to return in 2026 with familiar voices and a new plot centered on technology.

The Apprentice" is all set to have its premiere at the Toronto International Film Festival (TIFF) 2024. The movie will also have a wide release at theatres across the US ahead of the November 5 Presidential elections 2024. «The Apprentice» will have its premiere at TIFF at 7 pm (local time) at the Bell Lightbox on Thursday, September 5, as per a report on Deadline. «The Apprentice» will also be released across more than 2000 theatres in the US on October 11, Deadline reported.

Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries including Egypt to Pakistan. Now, both face a challenge from local sodas in those countries due to consumer boycotts that target the globe-straddling brands as symbols of America, and by extension Israel, at a time of war in Gaza. In Egypt, sales of Coke have cratered this year, while local brand V7 exported three times as many bottles of its own cola in the Middle East and the wider region than last year. In Bangladesh, an outcry forced Coca-Cola to cancel an ad campaign against the boycott. And across the Middle East, Pepsi's rapid growth evaporated after the Gaza war started in October. Pakistani corporate executive Sunbal Hassan kept Coke and Pepsi off her wedding menu in Karachi in April. She said she didn't want to feel her money had reached the tax coffers of the United States, Israel's staunchest ally.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

US welcomes any nation that is willing to try to help end the conflict in Ukraine, White House national security communications adviser John Kirby has said. His remarks came after he was asked at a press conference on Wednesday about President Joe Biden's call to Prime Minister Narendra Modi after the latter's trip to Ukraine that was preceded by his visit to Moscow, and if he thought India could play a role in ending the war. Kirby said, «Any nation that is willing to try to help end this war and do so in keeping with President Zelenskyy's prerogatives, the Ukrainian people's prerogatives, his plan for a just peace, we would certainly welcome a role like that.» On whether he thought India could play a role in bringing peace, the White House official said, «Well, we certainly hope so.»

The Nifty 50 ended 0.32% lower at 25,198 points, while the S&P BSE Sensex fell 0.25% to 82,352.

Stocks lost more ground on Wall Street Wednesday, led by declines in the technology and energy sectors

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Serbia's deputy prime minister has met with Russian President Vladimir Putin and vowed that his country will remain an ally of Moscow despite its proclaimed bid to join the European Union

Roger Federer has questioned why Jannik Sinner was not provisionally suspended after the Italian world No. 1 failed two drugs tests earlier in the year. There were claims that Sinner was receiving preferential treatment. More recently, Sinner admitted that he got a frosty reception in the locker room at the US Open. Federer weighed in on the debate when speaking to NBC, saying: “I understand the frustration of, ‘Has he been treated the same as others?’ And I think this is where it comes down to”. “I think we all trust pretty much that Jannik didn’t do anything, but the inconsistency potentially that he didn’t have to sit out while they weren’t 100 per cent sure what was going on, I think that’s the question that needs to be answered.

An appeals court has upheld an earlier finding that the online Internet Archive violated copyright law by scanning and sharing digital books without the publishers’ permission

FOX Business Jeff Flock has the details from Doylestown, Pa., on Cavuto: Coast to Coast.

Gold prices slumped by Rs 450 to Rs 73,600 per 10 grams in the national capital on Wednesday, extending losses for the third straight session amid a decline in precious metal rates in the overseas markets. In the previous session, the yellow metal of 99.9 per cent purity had closed at Rs 74,050 per 10 grams. Silver prices also plummeted by Rs 1,650 to Rs 83,600 per kilogram from Rs 85,250 per kg in the previous close, according to the All India Sarafa Association.

Google, are being made available across all compatible Android devices, not just Google's Pixel lineup. While the rollout of these features has already commenced, it may take up to two weeks for all users to receive them.One of the key upgrades is for TalkBack, Android's built-in screen reader designed to assist users with visual impairments.