Country Financial News

By Joice Alves and Rae Wee

Andrew Forrest’s Squadron Energy will spend as much as $20 billion by 2030 to build out its renewable projects, CEO Jason Willoughby said, illustrating the scale of the company’s ambitions.

The stuttering energy transition is forcing big industrial companies like Boral to temporarily shut down cement production to avoid peak electricity prices, putting at risk the nation’s build-out of housing and infrastructure stock.

The federal government’s $387 billion price tag to replace Australia’s coal-fired power stations with small modular nuclear reactors “doesn’t make sense,” an executive from US manufacturer Westinghouse Electric has claimed, arguing the price could be much cheaper.

Hamas’s bloodthirsty assault on Israel. That is because it involved thousands of rockets, and fighters attacking the south of the country by land, sea and air. And because it was completely unforeseen despite its scale, inflicting a humiliating blow against Israel’s vaunted intelligence services.

BEIJING — China's big «Golden Week» holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures.

Joe Biden's $6 billion prisoner-swap deal with Iran is now under the spotlight after militant group Hamas, long backed by Iran, staged one of the bloodiest attacks on Israel in years. Some Republicans are trying to link Biden to attack. Nikki Haley, one of the Republican presidential candidate for 2024 polls, alleged that allowing Iran access to the billions of dollars improves its budget situation, letting it use the money elsewhere. «Let's be honest with the American people and understand that Hamas knows, and Iran knows they're moving money around as we speak, because they know $6 billion is going to be released. That's the reality,» she said. US Secretary of State Antony Blinken has however said that there is not evidence yet of «Iran directed or was behind this particular attack, but there’s certainly a long relationship.» Fighting between Israel and Hamas militants continued for the third day, which is likely to drag on. More than 1,100 people have been killed in Palestinian group Hamas's surprise assault on Israel on Saturday and Israel's retaliation.

Auto firms look to speed up as festive season kicks-off The three-wheelers segment saw record breaking numbers. "The segment maintained momentum, setting consecutive all-time high retail records. Sales for September peaked at 102,426 units, marking a staggering 48.58 percent growth YoY; a 5 percent growth month-over-month (MoM); and breaching the 1 lakh units mark," FADA said.

Israel is calling the attack by Hamas this weekend an “earthquake” for the country and people’s sense of security, and says the conflict has become a “battle for national survival.”Chuck Freilich made the comments in an interview with The West Block‘s Mercedes Stephenson on Sunday, a day after Hamas militants launched a slew of rockets into Israel’s south, as well as attacks by land and sea, in what is being seen as an unprecedented attack.More than 600 in Israel have been killed, according to government numbers, with claims by Hamas of capturing military soldiers and reports of residents also being abducted.“This is one of the worst developments in Israel’s history. It’s the first time since the War of Independence in 1948 that Israeli territory was occupied even briefly,” said Freilich, a professor of political science at Columbia University and previously a deputy national security adviser in Israel.“This is an earthquake for Israel, militarily, psychologically, the sense of people’s security, and it’s, I believe, a total different change in the situation, which is going to require responses by Israel on a completely different level.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Nasser Hussain, another prominent figure in England's cricketing annals, traces his roots back to Madras (now Chennai), India. Aged 7 when his family relocated to England, Hussain went on to don the English colours from 1989 to 2004.

₹2,139.00 apiece on the BSE. MCX stock price is tad below its 52-week high of ₹2,139.95 hit on September 29, 2023. After several delays, the largest commodity bourse in the country, MCX, on Sunday, received approval of the SEBI Technical advisory committee to go live with its commodity derivative platform (CDP).

«The timing is definitely symbolic, and I believe it was picked that way by the initiators,» Sarit Zehavi, President and Founder of Alma Research and Education Centre and former researcher in the Israel Defence Forces Intelligence Corps, told ANI. On Saturday, which was also a major Jewish holiday, Hamas militants launched a series of rocket strikes that hit major cities across Israel, and it sent waves of fighters across the border into southern Israel, killing hundreds of people and taking captives back to Gaza. Hamas militants used explosives to breach the barriers and then used bulldozers to widen the gaps. Militants entered into Israel in motorcycles and SUVs.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “You spoke to UAE about India? Interesting. Campaigning for support?" reacted one user.

Reuters reported. 4) Iran helped Hamas plot the rocket attack on Israel and approved of the assault during a meeting in Beirut last week, according to The Wall Street Journal report. 5) US President Joe Biden ordered “additional support" for Israel.

Israel’s national paramedic service chief of staff Uri Shacham says the team had to pivot from healing rocket wounds to gunshot wounds after the Hamas attack.

Reuters said on Sunday citing the Saudi state news agency. “Furthermore, the ministers reiterated the willingness of the Declaration of Cooperation (DoC) countries to take additional measures at any time in their continued efforts to support market stability, building on the strong cohesion of the OPEC plus," Saudi state news agency SPA said, as per the Reuters report. Energy ministers of the six Arab nations met on the sidelines of the UN MENA climate week event in Riyadh on Sunday.

The death toll in Israel has reached at least 600 people, according to government numbers, with more than 100 believed to be kidnapped and more than 2,000 people injured after the Hamas militant group attacked the country by air, land and sea.

climate risk assessment metrics as part of a broader strategic roadmap outlined by the government to maintain their growth and profitability momentum. The finance ministry is likely to hold a review, later this month, on performance of public sector lenders in the backdrop of a three-year strategic roadmap, a government official told ET. The move is in line with increased focus globally on the challenges posed by climate change and the need for building financial sector resilience and readying state-owned lenders for the next leap. «Globally, there is a shift towards incentivising companies with low carbon footprints,» another official aware of the development said. «PSBs (public sector banks) also need to factor in environmental, socioeconomic, and governance (ESG) issues while doing credit assessment and include climate risk as a part of risk assessment policy,» the person added. The country's largest bank, State Bank of India (SBI) has already started identifying climate risks that have the potential to generate substantive change in the business. Operational Synergies The three-year strategic roadmap (FY24-FY26) for PSBs also focuses on bringing greater synergy in operations.

multilateral development banks (MDBs) has secured wide backing of these entities, people familiar with the deliberations told ET. The MDB reform programme will be taken up at the G20 finance ministers and central bank governors' (FMCGB) meeting in Marrakech under India's presidency on October 12-13. The reforms blueprint is derived from the report of the Independent Expert Group (IEG), co-chaired by 15th Finance Commission chairman NK Singh and former US treasury secretary Larry Summers, set up by the G20. The group recently submitted the second volume of its report outlining a roadmap for implementation of MDB reforms. The panel was set up under India's G20 presidency with a mandate to develop a road map for an updated MDB ecosystem — with milestones and timelines — that includes recommendations on the vision statement, incentive structure, operational approaches, and financial capacity. The G20 FMCBG meet, the last such meeting under the Indian presidency, will discuss the contours of the proposed roadmap at its meeting. Finance minister Nirmala Sitharaman chaired a meeting with the heads of MDBs last Friday in the run-up to the upcoming Marrakech ministerial to discuss the reforms suggested by the IEG. Some MDBs have already begun work on the IEG recommendations and are expected to adopt these after shareholder approvals, said one of the persons quoted above. «There is a wider acceptance of the need to carry out such reforms… Most MDBs have shown inclination and will take proposals to their shareholders,» the person said, adding that enhanced use of private capital and wider instruments such as hybrid capital is in focus. Some countries have expressed reservations on the proposed reform roadmap.

NEW DELHI : This happened in December 2006. We were aboard a plane carrying the then prime minister Manmohan Singh and an Indian delegation to Tokyo. During the flight, the prime minister’s media adviser, Sanjaya Baru, came up to the gallery unexpectedly and told me: “PM is waiting for you." I had told Baru before boarding the flight at the New Delhi airport that I wanted to meet the prime minister.

Mint explains. Yes, dams can be susceptible to damage resulting from floods and cloudbursts. However, it depends on the age of the dam, their construction quality and the climate adaptation of these mega infrastructure projects.