Country Financial News

Investing.com — Crude prices rose cautiously Thursday as longs hammered in the previous session tried to cover some of their losses by buying in at the lower levels.

Click here! It further states that day is to recognise in which teachers are improving education, but it's also a day to consider the support they need to use their skills and vocation to the fullest, and to reconsider the future of the profession on a worldwide scale. October 5 is a day to celebrate how teachers are transforming the education system and to reflect on the support they need to fully deploy their knowledge and vocational skills.

Also Read: ICC World Cup 2023: Zaheer Khan predicts four semi-finalists— England, India, Pakistan, Australia Meanwhile, only four teams will progress to the knockout stage, which consists of two semi-final matches and one cup final in Ahmedabad. The tournament will be played all across India, at stadiums in Ahmedabad, Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, Lucknow, Dharamsala and Pune.

Spider-Man: Across the Spider-Verse" will be releasing on Netflix soon for the streaming giant's subscribers in the US. The Sony Animation’s film has already been added for viewers in India, as per a report. «Spider-Man: Across the Spider-Verse» became one of the top grossers if 2023 during its theatrical run. From September 5, 2023, physical and VOD rollout started. «Spider-Man: Across the Spider-Verse» is expected to be added for viewers for the US by November, 2023, as per the report on WhatsOnNetflix. Meanwhile, Netflix is planning to raise the price of its ad-free service after the ongoing Hollywood actors' strike ends, the Wall Street Journal reported on October 3, sending the streaming company's shares up more than 3 per cent. Netflix is discussing raising prices in several markets globally, but will likely begin with the United States and Canada, the WSJ reported, citing people familiar with the matter. It was not immediately clear how much Netflix will raise prices by or when exactly the new prices will take effect, according to the report. Netflix declined to comment on the report. Netflix cut prices of its subscription plans in some countries in February. In the same month, it laid out a plan to crack down on password sharing by subscribers that was rolled out in over 100 countries in May.

medical devices such as ventilators, nebulisers, and x-ray equipment to continue production for “a limited period” amid a delay in issuing new regulatory licences, a senior official said. With the Central Drugs Standard Organisation (CDSCO) missing the October 1 deadline to provide licences to them, it is likely that those manufacturers that have already applied may get an extension for a limited period, the official said.

UniSuper and two European pension funds will consider building wind farms in Tasmania after investing hundreds of millions of dollars each to buy timber plantations once owned by collapsed Tasmanian group Gunns.

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.

MEXICO CITY (Reuters) -Mexico's president announced that he expects to have a new action plan in the next couple weeks to better address a toxic spill that fouled a river nine years ago and was blamed on one of the country's top mining and transportation companies.

Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.'

NDA government has scrapped 39,000 unnecessary compliances and 1,500 archaic laws, finance minister Nirmala Sitharaman said Wednesday, highlighting a raft of steps taken by authorities to ensure ease of doing business in the country. Speaking on the occasion of the 55th foundation day of the Institute of Company Secretaries of India (ICSI), the minister said the introduction of the Insolvency and Bankruptcy Code, simplification of regulatory framework, decriminalisation of minor offences and tax changes are among the reforms that have also bolstered the country's business climate.

But, there are many ways of looking at this. The most obvious is the cricketing one. There’s a good chance the trophy will actually stay in India.

Pope Francis on Wednesday called out the less-than-adequate efforts to address climate change. In his apostolic exhortation, Laudate Deum, the Pope addressed the need to step up the transition to renewable energy, took on climate denialists, called for a new approach to multilateralism, reminded rich countries of their responsibilities, and offered COP28 host, the UAE words of advice. «With the passage of time, I have realised that our responses have not been adequate while the world in which we live is collapsing and may be nearing the breaking point,» the Pope said. A substantial section of his exhortation — which has come eight years after the Laudato Si delivered ahead of the Paris climate summit — was dedicated to this year's UN climate talks, COP28, to be held in Dubai late this year. Pope Francis said the «abandonment of fossil fuels is not progressing at the necessary speed». In this context, he critiqued efforts of fossil fuel companies to greenwash their continued exploration, saying «whatever is being done risks being seen only as a ploy to distract attention». He cautioned that «gas and oil companies are planning new projects...with the aim of further increasing their production». However, the Pope is not writing off the «capacity of human beings to transcend their petty interests and to think in bigger terms» and said COP28 will allow for a decisive acceleration of energy transition. «To say that there is nothing to hope for would be suicidal, for it would mean exposing all humanity, especially the poorest, to the worst impacts of climate change,» he said. Reminding the UAE of its great responsibility, the Pope said COP 28 can represent «a change in direction».

New Delhi: President Droupadi Murmu on Wednesday reminded businesses and professionals about India’s tradition of ethical wealth creation and appealed to business that their goal should not only be economic development but also social development and justice. Speaking at an event in the capital to mark the 55th foundation day of Institute of Company Secretaries of India (ICSI) , the President cited the works of Saint Thiruvalluvar and Kautilya and said that ethical wealth creation has always been praised and encouraged in India.

ICC Men's Cricket World Cup that starts today is drawing a strong response from brands hoping to prop up consumption during the festival season. This works both ways for consumer goods companies as well as the cricket event that is far behind but gaining on IPL in advertising budgets. A spread-out calendar of cricketing events played in the subcontinent increases corporate leverage of the game and, in turn, strengthens less popular cricketing franchises like the women's tournament that have captured the collective imagination.

Enforcement Directorate is not expected to be «vindictive» in its conduct and must act with utmost probity and fairness, the Supreme Court has held, and directed the anti-money laundering agency to henceforth furnish the grounds of arrest to the accused in writing «without exception». In a significant verdict having far-reaching ramifications, the apex court said being a premier investigating agency charged with the onerous responsibility of curbing the debilitating economic offence of money laundering in the country, every action of the ED in the course of such exercise is expected to be «transparent, above board and conforming to pristine standards of fair play in action». «The ED mantled with far-reaching powers under the stringent Act of 2002, is not expected to be vindictive in its conduct and must be seen to be acting with utmost probity and with the highest degree of dispassion and fairness,» a bench of Justices AS Bopanna and Sanjay Kumar said.

Investing.com — The oil trade seems to have woken up to the fact that there’s something bigger after all than OPEC: The economy.

ALSO READ: China Evergrande shares suspended, China may have some learnings from US, India says Uday Kotak Earlier, Kotak surprised all by stepping down from his executive role four months ahead of the end of the term. He said many corporates are not going ahead with investments and added that we are witnessing 'significant consolidation and concentration' because of this. The concentration can deliver in the short term, but it is in India's long-term interests to have many businesses flourish, he said.

Coalition for Disaster Resilient Infrastructure (CDRI) says climate change has led to an annual average global loss in infrastructure sector to the tune of $850 billion, implying that 14% GDP (2021-22) growth is at risk. A first of its kind report released by the CDRI puts in perspective problems faced by the Global South and its poor infrastructure governance. The report has estimated that about 67% of the global value of infrastructure assets is concentrated in high-income countries. The upper and lower middle-income countries account for 25% and 7%, respectively while they carry the highest relative risk with an average annual loss estimated at 0.4%, compared to 0.1% in high income countries. The report has come out with the first-ever publicly available fully probabilistic risk model — Global Infrastructure Risk Model and Resilience Index (GIRI) — quantifying the average annual losses due to disasters. The report has analysed nine infrastructure sectors and says to achieve the sustainable development goals (SDGs) nations need to invest $9.2 trillion annually in resilient infrastructure till 2050, of which $2.9 trillion is required in developing countries alone, including India. Amit Prothi, director general of CDRI, said “the report puts CDRI on the global map with 20 global partners bringing together a unique body of evidence to unpackage the 'resilience dividend' making a compelling economic, political, and financial case to radically upscale investment in infrastructure.” This is the first Global South driven report that will influence national policies and infrastructure governance, said Kamal Kishore, member of the National Disaster Management Authority and co-chair of the executive committee of CDRI.

Uday Kotak on Wednesday rued corporate investments getting concentrated in a few groups, and urged the government to «encourage many flowers to bloom». Speaking at India Today Conclave here, the richest Indian banker also said that policy is not skewed, clarifying that he respects the work done by big corporations in creating world-class businesses and specifically named Mukesh Ambani-led Reliance Industries. «I am saying something which is close to my heart, there is a significant concentration of new investments happening only by a few groups,» Kotak said.

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.