Consequences Financial News

SANTA CRUZ: There never used to be young great white sharks basking off the busy beaches of central California, but as climate change starts to bite, warmer waters are enticing them north — with possibly catastrophic consequences for a whole ecosystem. Despite their fearsome reputation, brought about in part by the "Jaws" movie franchise, the main risk from these predators is not to swimmers and surfers — or even the local police chief — but to otters. «What we've been finding is that over time the number of bites on sea otters has increased in this region drastically,» says marine ecologist Salvador Jorgensen of California State University Monterey Bay. «That's having a real impact on the sea otter population.» And — in an illustration of how interconnected ecosystems are — that could have far-reaching consequences for all kinds of species in this wildlife-rich area. Great white sharks are some of the most majestic, most studied, and most feared of ocean dwellers. Growing to around 16 feet (4.9 meters), they roam the world's seas thousands of feet deep to satisfy a voracious appetite for seals, sea lions and dolphins. They live for upwards of 70 years and give birth to litters of live pups, who are left to fend for themselves from an early age. But because white sharks are endotherms — warm-bodied, like mammals — youngsters are vulnerable to the cold of the ocean depths, and spend their time in warmer pockets of water in coastal regions. Until a decade or so ago, that meant juveniles would only be found as far north as southern California. But, says Jorgensen, that's changing. «We documented the sudden occurrence of much smaller sharks than had ever been seen here before,» he told AFP in Monterey Bay,

MinterEllison’s burgeoning consulting division continues to grow, after the top-tier law firm bought higher education consultant Wells Advisory to create an “end-to-end” legal and advisory higher education practice.

alleged out-of-turn loans worth ₹3,250 crore issued to the Videocon Group, between 2009 and 2018, which in-turn allegedly benefitted her husband Deepak Kochhar. ICICI Bank had in 2019 conducted an internal inquiry, and concluded that Kochhar had violated the norms related to conflict of interest.

NEW DELHI : Petroleum and natural gas minister Hardeep Singh Puri has urged the Organization of the Petroleum Exporting Countries (Opec) to show sensitivity to oil consuming-nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during a meeting with Opec secretary general Haitham Al Ghais on Tuesday. “India imports about 60% of its crude oil worth $101 billion and other petroleum products from Opec members.

By Tammy Nemeth

New Delhi: With oil prices on the boil, union petroleum and natural gas minister Hardeep Singh Puri has asked the Organisation of the Petroleum Exporting Countries (OPEC) to be sensitive to the needs of oil-consuming nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during his meeting with OPEC secretary general Haitham Al Ghais on Tuesday. "Discussed the global energy scenario in my meeting with OPEC SG, HE #HaithamAlGhais.

Abhishek Manu Singhvi enlightened via a social media post about the consequences of providing rights based on the population ‘jitni abadi utna haq’, emphasising that it will lead to ‘majoritarianism’. “Equality of opportunity is never the same as equality of outcomes.

The MAC conducted a review of the Shortage Occupation List (SOL) and expressed concerns that making it easier to recruit low-wage workers could increase the risk of exploitation. Currently, employers can hire migrant workers at 80% of the standard «going rate» for specific occupations listed on the SOL. This includes roles like bricklayers and care workers. Being on the SOL allows employers to bypass the general minimum salary threshold for a skilled worker visa, which is £26,200. Consequently, sectors with wages below this threshold have particularly benefited from inclusion on the list. The MAC's recommendation stems from concerns that low-wage migrants may result in a net fiscal cost for the UK, and the administrative burden of the scheme can be uneconomical for many businesses. The committee believes that abolishing the SOL would be a preferable approach to addressing labor shortages in low-wage sectors. The MAC suggested that no employer should be allowed to pay below the going rate, as this would help protect resident workers from wage undercutting and reduce the potential exploitation of migrant workers. The Home Office has not provided an immediate response to the report.

Gas producers warn the Albanese government is ignoring major Asian trading partners’ increasing demand for LNG, with a discussion paper that makes reducing demand faster than supply will fall the centrepiece of its strategy during the energy transition.

Bitcoin took a significant leap on the first day of October, signifying a crucial step toward recovery. Ethereum, by its turn, continued its steep ascent during the last week of September with a similar momentum, aiming to reverse the prevailing trend.

The US narrowly avoided a government shutdown last week following intense debates between the Democrats and Republicans over budget allocations. This confrontation follows a previous conflict concerning government expenditure, which earlier in the year had risked plunging the nation into a debt crisis. Mint looks at this latest saga and the consequences thereof.

Bahujan Samaj Party chief Mayawati on Tuesday demanded the state government start conducting the caste survey right away, saying though some parties are against it, this is the only way to justice for the OBCs. «The news of the caste census data conducted by the Bihar government being made public is in the news today and intense discussions are going on on it.

₹89,532 crore, amounting to over 22 million tonne. Preliminary figures indicate that from 25 August to 20 September, basmati rice exports dropped 30% year-on-year, and parboiled rice sales plummeted a steep 83%. Official data for the period is yet to be released.

corporate executives have triggered sharp sell-offs in shares of these companies. On Friday, Navin Fluorine, a chemical company plummeted by as much as 15%, marking its most significant single-day decline in eight years, following the sudden resignation of its CEO.

cash consequently recedes from the public sphere. But triple-sponsored payment digitalisation is not always a silver bullet. So, despite UPI — which was nurtured by RBI, catalysed by demonetisation, and last-miled by global ecommerce platforms and Big Tech — advancing at a scorching pace to record 10.59 billion transactions, aggregating ₹15.7 trillion in August, cash-in-circulation (CIC) continues to grow.

Dubai International Airport has spiraled into a harrowing four-month ordeal, resulting from an altercation that led to an American student's placement on the UAE's no-fly list.

We were well aware of September's historical reputation as a challenging month for the stock market. In fact, when we examine data dating back to 1950 for the S&P 500, it emerges as the most unfavorable month of the year.

You probably don’t need to worry about your retirement if you were born with a silver spoon. But if you are a self-made person, then your investment portfolio is incomplete without the National Pension System (NPS).

By Rakesh Ravuri

If you are planning to take a housing loan to acquire your dream home, it is prudent to acquaint yourself with as much information about the loan as possible. Interest constitutes a substantial portion of the total repayment made by a borrower to the lender over the loan’s duration. Lenders employ the monthly reducing balance method for interest calculation on home loans.

NEW DELHI: Keshav Singhania & Roopal Bajaj