Cooper Financial News

The U.S. government appears poised to order a recall of millions of air bag inflators due to a manufacturing flaw that could send metal shrapnel rocketing through a car interior

The German government says developed countries have pledged $9.3 billion to help poor nations tackle climate change

Israel has quietly helped fuel Azerbaijan’s campaign to recapture Nagorno-Karabakh, supplying powerful weapons to the country ahead of its lightening offensive last month that brought the Armenian separatist enclave in its territory back under its control

Samia Suluhu Hassan is planning a trip to India early next week as India and Tanzania aim to upgrade ties to strategic partnership. Defence ties with Tanzania have received a major boost in the last few years as the South East African state has shown keenness to purchase Indian military equipment and expand maritime security partnership, officials told ET. The Indian Army chief visited Tanzania this week. In recent years, India and Tanzania have been cooperating in the field of defence training in Indian institutions.

China is spending billions of dollars annually on foreign information manipulation efforts including through China-Pakistan Media Corridor and Beijing uses false or biased information to promote positive views of the country and the Chinese Communist Party (CCP) alleged a newly released US State Department Report. At the same time, China suppresses critical information that contradicts its desired narratives on issues such as Taiwan, its human rights practices, the South China Sea, its domestic economy, and international economic engagement, alleged the report titled ‘How the People’s Republic of China Seeks to Reshape the Global Information Environment.’ “More broadly, the PRC (People’s Republic of China) seeks to cultivate and uphold a global incentive structure that encourages foreign governments, elites, journalists, and civil society to accept its preferred narratives and avoid criticizing its conduct,” the State Department report claimed.

World Bank expects Saudi Arabia's economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the world's top oil exporter sharply lower on the back of production cuts and lower prices. Overall growth in the Middle East and North Africa (MENA) region is also expected to slow, now forecast at 1.9% in 2023, down from 6% last year and lower than the 3% the World Bank forecast in April. Saudi Arabia, the Arab world's largest economy, has cut its oil production in a preemptive move it says is intended to stabilise the oil market. Oil prices remain below last year's average of $100 a barrel. The Saudi government expects GDP growth to slow to 0.03% in 2023, from 8.7% last year, according to revised forecasts released by the finance ministry last week, narrowly avoiding a contraction. The World Bank's latest economic update, released on Thursday, attributed the «abrupt decrease» in Saudi economic activity to «lower oil production levels amidst subdued prices.» It had forecast Saudi GDP growth at 2.9% in 2023 in its April update. Growth for the six-member Gulf Cooperation Council (GCC) of oil and gas exporters is expected to decelerate to 1% in 2023, down from 7.3% last year, and sharply below the 3.2% forecast in the World Bank's April update.

Union Home Minister Amit Shah on Thursday said that Prime Minister Narendra Modi's government is firmly committed to rooting out terrorism from the country. Shah posted a message on 'X', formerly Twitter, a few hours ago before attending the inauguration of the '3rd Anti-terror Conference' being hosted by the National Investigation Agency (NIA) here in the national capital. «The Modi government is firmly committed to rooting out terrorism from our country.

Chinese-owned video platform TikTok says it will halt its online retail operation in Indonesia to comply with the country’s decision to ban e-commerce transactions on social media platforms

The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.

Abu Dhabi to facilitate cross-border transactions, an official said. The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India's RuPay debit and credit card stack, the official added. The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6.

PTI. The pact will be signed on the UAE’s development of domestic card scheme based on India's RuPay debit and credit card stack, the PTI report said citing an official. The agreement will be signed in the presence of commerce and industry minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6. India and the UAE will discuss issues, and challenges pertaining to existing investments in each other's countries, the commerce ministry said in a statement.

₹5,637.40 crore, with the Centre. In his reply, the governor had sought details from the Mann dispensation about the utilisation of the ₹50,000 crore the state government had borrowed so that he could “convince the prime minister that the money was properly utilised".

NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will ink an agreement with Al Etihad Payments on Thursday in Abu Dhabi to facilitate cross-border transactions, an official said. The memorandum of understanding (MoU) aims to develop the domestic card scheme of the UAE based on India's RuPay debit and credit card stack, the official added.

Uttarakhand government signed an MoU worth Rs 15000 crores with the JSW Neo Energy Limited at the roadshow of its Global Investor Summit organised at a hotel in New Delhi on Wednesday. Apart from this, the government also signed MoUs with different organisations. Chief minister Pushkar Singh Dhami was present on this occasion. As per the MoU, two pumped storages of 1500 mw will be developed in the state’s Almora district. CM expected cooperation in the field of pump storage plant, cement, sport, training centre, drinking water and restoration and beautification of the temples of Kumaon region (Manaskhand temple Mala under the CSR) in the state.

By Luc Cohen

Delhi chief minister Arvind Kejriwal on Wednesday came out in support of AAP MP Sanjay Singh amid ongoing ED raids in connection with excise policy scam. The CM said that nothing will be found at Singh's residence. He further said that agencies like ED, CBI will get more active with 2024 elections approaching.

Tunisia has announced it would reject an installment of funds sent by Europe to help the debt-ridden country patrol the Mediterranean Sea as migrant boat crossings spike to levels not seen in several years

Sugar mills of Maharashtra and Karnataka, which together account for more than half of the country's production of the sweetener, are gearing up for a fierce battle among themselves to get every stalk of sugarcane possible. For the first time ever, Karnataka has fixed an official date to begin sugar production and take legal action against mills that do not obey. Meanwhile, just before a crucial government meeting, the sugar industry of Maharashtra is divided over the right time to begin this year's sugar production so as to maximise the chances of getting a larger share of the shrunken availability of the raw material. This situation is making officials concerned.

Also read: India tells Canada to withdraw dozens of diplomats amid Nijjar killing row: Report Post Trudeau's statement, a row has sparked between the two countries. India has dismissed the allegation as “absurd." Besides, India has issued an advisory warning its residents against traveling to Canada and suspended visas for Canadians seeking to visit the South Asian country.

A Federal Court judge on Sept. 25 allowed a class-action lawsuit alleging home sellers in the Toronto area have been forced to pay artificially inflated commissions for years. The lawsuit alleges major brokers and real estate organizations in Toronto implemented rules that essentially stifled competition for buyer brokerage services, leading to higher prices. But what exactly is buyer brokerage and what is its role in the potentially landmark lawsuit? The Financial Post’s Shantaé Campbell explains.

By Jody Godoy and Luc Cohen