COST Financial News

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(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The report revealed that 76% of the commuters want multiple modes of payment in public transit. Among those surveyed, 66% wanted to use their bank cards at transit entry or exit points whereas 69% preferred QR-based payments. 63% of the commuters said that bank cards (debit and credit cards) would improve convenience and save time.

India's government has assured domestic steelmakers that it is looking at ways to address their concerns about the EU's planned tariffs on imports of high-carbon goods and is discussing the issue with its European counterparts, a government official said. «We are discussing with stakeholders and continuing to look at ways in which India's trade interests in steel could be safeguarded,» Nagendra Nath Sinha, the most senior civil servant at the federal Ministry of Steel, told Reuters in an interview on Tuesday. "(India's) government has raised its concerns at both bilateral and multilateral levels with the EU," he said, adding the tariffs would impact India's steel exports. The European Union this year approved the world's first plan to impose tariffs on imports of high-carbon goods including steel and cement as part of its aim to reach net zero greenhouse emissions by 2050. The proposal has caused widespread unease among top exporters of commodities such as steel to the EU. India's industry officials have warned that exports worth billions of dollars would face steep tariffs. The Carbon Border Adjustment Mechanism (CBAM) through which the EU plans to impose the tariffs ranging from 20% to 35% comes into effect from 2026. Exporters to the European Union will then need to purchase certificates to cover carbon emissions to put foreign producers on a level footing with EU industries that must buy permits from the bloc's carbon market when they pollute. Research group Wood Mackenzie in a recent report said that by 2034, the cost of India's steel exports to the EU would rise by 56% due to CBAM. As part of an initial phase of the CBAM, the 27-nation bloc has already asked EU importers to report the greenhouse gas

Smart Energy, a Byron Bay-founded supplier and installer of residential rooftop solar and battery systems, is on the market as it searches for a backer to expand a business that is growing rapidly.

the date on which it becomes the world’s biggest economy. The gap between American and Chinese GDP will be over $8trn in 2023, according to some forecasts. That is a bigger number than last year.

The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels

After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding

Nigerian government workers are continuing their work after last-minute efforts by authorities averted a nationwide strike to protest growing hardship which could have shut down government services in Africa’s most populous country

The South African government and the national poultry association say about 7.5 million chickens have been culled in an effort to contain outbreaks of two separate strains of bird flu that have threatened to create a shortage of eggs and meat for consu...

President Joe Biden has announced that the manufacturers of all of the first 10 prescription drugs selected for Medicare’s first price negotiations have agreed to participate

Canadians are continuing to feel the pinch on their wallets with inflation, interest rates and cost of living creating an “intensifying financial stress storm,” according to a survey by the National Payroll Institute.

oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The combination of expensive barrels and a rampaging greenback could make crude a wrecking ball in 2024 that keeps inflation high enough to destroy growth around the world. The more oil soars, the pricier the dollar is likely to be, creating a pernicious feedback loop.

More bad news for Regal Partners’ listed VGI Partners Global Investments vehicle.

TPG Telecom and suitor Vocus Group are expected to continue talks over the potential sale of some $6 billion in assets for weeks despite the expiry of an exclusive period of due diligence.

The Victorian government’s bill for the cancelled Commonwealth Games has risen by another $40 million after fresh documents revealed Labor’s spending on consultants and venues.

How Australians pay for goods and services has transformed over the past 20 years. Cheques are all but gone, and the federal government says they will be phased out by the end of the decade.

(Reuters) — Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems.

MEXICO CITY (Reuters) — The costs of spiking migration for a key Mexican border state due to a sharp downturn in U.S.-bound cargo trucks total nearly $1 billion over about two weeks, state officials said Tuesday, as authorities in both countries struggle with the latest surge.

Tata Consultancy Services, Infosys and HCLTech in the last few weeks. The three-month period through September is usually seen as a strong quarter for the sector. TCS will kick off the quarterly earnings season for India Inc on October 11. Infosys and HCLTech will report results on October 12.

Artha Venture Fund, which has backed startups such as Agnikul and LenDen Club, has partially exited Mumbai-based fleet operator Everest Fleet for $2 million (around Rs 16.5 crore). Since 2019, the firm has invested a total of Rs 10 crore in Everest Fleet, which recently closed a $20 million funding round led by ride-hailing platform Uber. The partial exit from Everest marks the first exit for Artha Venture Fund-I, which has a corpus of Rs 225 crore.

Fortescue has doubled down on becoming a manufacturer of hydrogen electrolysers, saying it was the lead investor in a $US380 million ($602 million) fundraising round conducted by Electric Hydrogen.