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U.S. Defense Secretary Lloyd Austin on Friday said he had spoken with his Israeli counterpart to discuss a range of issues in the region, including the ongoing exchanges of fire on the Israel-Lebanon border and the need to finalize a ceasefire deal. In a post on X, Austin said he also discussed the risk of escalation from Iran and Iran-backed groups in the call on Thursday and told Israeli Minister of Defense Yoav Gallant that the United States is well postured across the region.

Amazon, Jeff Bezos bought a Gulfstream G700, a high-end business jet built by Gulfstream Aerospace that is regarded as one of the biggest and most sophisticated private aircraft in the world, last month. He owns an $80 million private jet. According to reports, Bezos purchased a Gulfstream G700, which is regarded as the world's most sophisticated luxury business jet. Twenty panoramic windows and a whisper-quiet cabin with 100% fresh, plasma-ionized air replenished every two to three minutes are two more features of the G700. The G700 blasted off from Ibiza last Sunday. Also Read: Reacher season 2 DVD, Blu-ray, 4K release date: What we know so far

Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. The bank now expects the nation’s economy to expand at 6.7% in calendar 2024, and 6.4% in 2025. The current year’s downgrade factors a 35% year-on-year contraction in government expenditure during the April-June quarter that coincided with the weeks-long general election, the US bank’s economist led by Santanu Sengupta wrote in a report Friday. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from slower real consumption growth, driven by a slowdown in household credit due to the Reserve Bank of India’s stricter rules to control unsecured lending by banks, the economists said.

US Federal Reserve Chair on Friday said the time has come for the central bank policy to adjust, indicating rate cuts anytime in the near future. «The upside risks to inflation have come down,» Powell said while addressing the Jackson Hole Symposium.

Instagram is taking a trip down memory lane with its latest feature update, allowing users to add music to their profiles. This new feature is a nod to the early 2000s when Myspace allowed users to showcase their favorite tunes. While Instagram’s version won’t autoplay the song like Myspace did, it still offers a fun and engaging way for users to personalize their profiles and share their musical tastes with followers.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Sicily found a body Friday, presumed to be the teenage daughter of UK tech tycoon Mike Lynch, who also perished. The discovery, confirmed to AFP by the Italian coastguard, brings to seven the final death toll in the sinking of the «Bayesian», which went down off the Italian island before dawn on Monday. The bodies of Lynch, a celebrated tech entrepreneur and investor, and four other passengers were found on Wednesday and Thursday, with his 18-year-old daughter Hannah the only one still missing.

Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium later in the day. On Thursday, three Fed officials hinted at a potential rate cut in September, expressing support for a «slow and methodical» approach to policy changes. Powell’s speech, scheduled for 7:30 PM IST, is highly anticipated by traders looking for positive signals regarding interest rate cuts.

Fed Chair's speech at Jackson Hole Symposium, where investors will look for cues on rate cut trajectory in the near future. US Fed chair Powell will speak at the event later on Friday, addressing central bankers across the world at 10 am Eastern Daylight Time (EST). In India, this comes to about 7:30 pm Indian Standard Time (IST).

pharmacy of the world," its pharmaceutical giants are not just keeping pace—they're setting the pace. With the industry projected to leap from a value of $40 billion in 2021 to $130 billion by 2030, the stage is set for unprecedented growth. But as these companies scale new heights, they must also navigate a complex landscape of regulatory hurdles, global competition, and supply chain risks.

July 2024, engineering goods exports to countries like the US, UAE, Saudi Arabia, and Singapore witnessed a positive growth whereas exports to countries like Bangladesh and Russia experienced a decline during this period, according to latest data released by Engineering Exports Promotion Council (EEPC). Among the 25 major destinations for Indian engineering goods, exports showed growth in 10 countries, while 15 countries experienced a decline. The top 25 countries contribute 75.5% of total engineering exports to the country, said EEPC in a statement . At $1.5 billion, engineering goods exports to the US recorded 4.2% year-on-year growth in July this year. Engineering exports to the UAE stood at $625.78 million in July this year, up 65.6% year-on-year. The exports to Saudi Arabia rose 9.2% year-on-year to $412.30 million in July this year.

SpaceX's attempt at the first ever private spacewalk next week will be a test of trailblazing equipment, including slim spacesuits and a cabin with no airlock, in one of the riskiest missions yet for Elon Musk's space company. A billionaire entrepreneur, a retired military fighter pilot and two SpaceX employees are poised to launch on Tuesday aboard a modified Crew Dragon craft, before embarking on a 20-minute spacewalk 434 miles (700 km) into space two days later. Until now, walking into the empty expanse of space has only been attempted by government astronauts on the International Space Station (ISS), 250 miles (400 km) above Earth.

₹71,400 per 10 grams level, while Silver prices rose above ₹84,030 per kg level. International bullion prices that hit an all-time high of $2,531.60 on Tuesday, have fallen nearly 1% this week amid a rebound in the dollar index and rise in US 10-year Treasury yields.

silver September futures contracts were trading at Rs 83,979/kg, up by 0.29% or Rs 243. Prices of gold have dipped by Rs 400/10 gm in the last 3 days while silver has fallen by Rs 750 per kilogram.

Indian-Americans have launched a new website — DesiPresident.com, with the tagline 'Kamala Ke Saath". Harris, 59, is of mixed parentage; her mother immigrated to the United States from Chennai and her father moved to the country from Jamaica. «The coming months are filled with excitement and promise as we rally together to make history. Your participation and enthusiasm are key to our success, and we can't wait to embark on this journey with you,» the website said. The Desi President, a project of the Indian American Impact Fund, has launched a T-shirt with the tagline «Kamala Ke Saath: Vote Kamala», which has become an instant hit on social media platforms.

The Italian coast guard says the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called unsinkable

Prosecutors at a federal labor agency have determined that Amazon is a joint employer of subcontracted drivers who delivered packages for the company in California

Vice President Kamala Harris was greeted with a sustained standing ovation and cheers lasting nearly three minutes at a recent event. The enthusiastic reception demonstrated the audience's strong support and admiration. Once the applause subsided, Harris began her address with a brief acknowledgment of her personal milestone. «OK, let's get to business,» she stated, shifting focus to the day's agenda. Harris also took a moment to celebrate her 10th wedding anniversary with Doug Emhoff, saying, «And happy anniversary, Dougie.» Harris followed a moving speech by her sister, Maya, who highlighted their mother’s accomplishments. In her own address, Harris spoke about her parents and the impact of her upbringing, focusing particularly on her mother’s influence. Although Harris seldom mentions her father, she made an exception during this speech to share his advice.

employment opportunities could be the key to winning elections as the recent job crisis, that has seen nearly a million jobs vanishing into thin air over the course of the year, has driven Americans into a recession scare, something that could prove to be detrimental for Kamala Harris' prospects in the US Presidential Elections 2024.

Gold prices inched higher on Friday, but were set for a weekly loss as investors looked forward to U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole, Wyoming, for more cues on the scale of a likely September rate cut.

U.S. auto safety regulators have closed one of two investigations into the performance of General Motors’ Cruise autonomous vehicles after the company agreed to do a recall