Action Financial News

Luis Rubiales, the former head of Spain's Soccer Federation, is grappling with a restraining order after being accused of sexual assault for an alleged non-consensual kiss with Spanish Women’s National Team star Jenni Hermoso following the club’s FIFA World Cup victory last month, as reported by the BBC and ESPN.

The University of Michigan's preliminary reading of its Consumer Sentiment Index dropped to 67.7 this month from a final reading of 69.5 in August and below the forecast of 69.1 among economists polled by Reuters. However, consumers saw inflation lower on both a one-year and five-year basis. Earlier data from the Labor Department showed import prices increased 0.5% last month as fuel prices jumped, but underlying price pressures stayed subdued while a separate report from the New York Fed showed factory activity picked up in the state in September. «None of the data currently points to a recession.

Airports Authority of India (AAI), having their presence in Gujarat were not giving 85 per cent jobs to locals as per the rules despite repeated reminders, a state minister told the legislative assembly on Friday. These three entities are the AAI, the Oil and Natural Gas Corporation Limited (ONGC) and the Indian Oil Corporation (IOC). In 1995, a government resolution had ordered all the commercial entities, including central PSUs, functioning in Gujarat to hire 85 per cent of their workforce from Gujarat. During question hour of the assembly on Friday, Congress MLA Imran Khedawala sought to know if these three central government entities were following the rule and what actions were taken by the state government against AAI, IOC and ONGC for not following the 85 per cent hiring norm.

MILAN (Reuters) — Unions called for a one-day strike at Stellantis (NYSE:STLA)' Melfi plant in southern Italy on Sept. 18 over lack of details by the carmaker about the new models to be produced there, a union representative said on Friday.

By Jonathan Stempel

Engineering group RCR Tomlinson had two sets of books showing different pictures of the company’s finances before it collapsed, lawyers Quinn Emanuel said after settling a long-running class action lawsuit for $40 million.

Naina Desai, widow of late art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. Nitin Desai had been found dead in his Karjat studio on August 2, a day after the NCLAT dismissed his plea against initiation of insolvency proceedings, prompting calls for an investigation. “We do not find any good ground and reason to interfere with the impugned judgement and hence the appeal is dismissed,” a two-judge bench of justices Sanjiv Khanna and SVN Bhatti said in a short order Friday. The apex court's dismissal clears the ground for recovery proceedings against ND's Art World Pvt Ltd, the company promoted by Nitin and Naina Desai, which owes Edelweiss Asset Reconstruction Co.

Israel has announced a comprehensive three-day closure of the West Bank and Gaza Strip during the upcoming Jewish New Year holiday, as tensions continue to escalate in the region. The closure, initiated upon the directive of the political leadership, is scheduled to commence just after midnight on Friday and will conclude before midnight on Sunday.

The stock prices of Detroit automakers General Motors (NYSE:GM) and Ford (NYSE:F) have declined in pre-market trading Friday, while Stellantis (NYSE:STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

The EUR/USD dropped 0.8%, reaching 1.063, following the European Central Bank's decision to raise its policy rate by 25 basis points and its continued pessimistic outlook.

By Joseph White and David Shepardson

Axie Infinity (AXS) has blasted up +20% in a dramatic move, this comes following wider disarray in GameFi markets triggered by an unfolding legal battle between the co-founders of Gala Games.

Delhi High Court Thursday said existing rules on mandatory insurance cover, wearing of headgear on two-wheelers and penal action for non-compliance are already applicable to electric vehicles. The high court directed the Delhi government to continue ensuring that the subsidy offered by the government for electric vehicles registered in the national capital is being disbursed in a timely manner. The high court's order came while dismissing a public interest litigation (PIL) seeking directions to the authorities to make insurance cover compulsory for electric two-wheelers in accordance with the provisions of the Motor Vehicle Act. The PIL also sought the court's direction to the authorities for mandatory wearing of helmet on all types of electric motorcycles and scooters.

As much as $55 billion in capital exited the crypto market in August, while both trading volumes and volatility remained at suppressed levels, a new report has revealed.

Terra Luna Classic (LUNC) could be going to zero, as downside price moves continue to dominate price action despite a LUNC network core upgrade by the L1 Terra Classic Task Force (L1TF) developer group.

By Ann Saphir

Chevron is expected to struggle to maintain LNG exports amid a second day of loading bans on shipments from its huge Gorgon and Wheatstone projects.

A group of Indigenous Australian Rules football players, led by 1980s legend Phil Krakouer, launched a landmark class action against the AFL on Friday, claiming the game failed to protect players from vile racial abuse on the field that resulted in life-altering damage.

₹6 lakh for the beneficiaries. It is a set of seven housing societies.

Narendra Modi will be inaugurating the largest housing project for economically weaker sections at Solapur, in Maharashtra, next month, a senior government official said on Friday. The project at Raynagar in Solapur is spread over 100 acres and comprises 30,000 homes, of which 15,000 have already been built, Maharashtra's additional chief secretary Valsa Nair Singh said. «The biggest economically weaker section housing scheme is now in the final stages of being built at a place called Raynagar in Solapur.

Amazon, the e-commerce giant, recently issued a statement that it will stop accepting Rs 2000 notes for ‘Cash-on-delivery’ orders from September 19. It is in response to the recent RBI update of discontinuation of Rs 2000 notes in the Indian market as a legal tender.