Country Financial News

Budweiser parent company Anheuser-Busch InBev announced Wednesday that its iconic Clydesdales will no longer have their tails shortened using a common, yet controversial, procedure that has drawn the ire of animal activists

A dispute about whether Ukrainian grain should be allowed to enter the domestic markets of Poland and other European Union countries has pushed the tight relationship between Kyiv and Warsaw to its lowest point since Russia invaded Ukraine last year

India has advised its citizens to be careful when traveling to Canada as a rift between the two nations widens further in the wake of Ottawa’s allegations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver

The Bill & Melinda Gates Foundation pledged $200 million to help save the lives of mothers and children during childbirth

Vietnam has detained the director of a think tank that works on energy issues in the country

₹80, a craft chocolate bar can cost anywhere between ₹200 and ₹400. But unlike beer or coffee, chocolates have a wider consumer base, including children. The appetite appears to be growing fast.

Artificial intelligence (AI) is both a threat and an opportunity for journalism, with more than half of those surveyed for a new report saying they had concerns about its ethical implications on their work. While 85% of respondents had experimented with generative AI such as ChatGPT or Google Bard for tasks including writing summaries and generating headlines, 60% said they also had reservations. The study, carried out by the London School of Economic's JournalismAI initiative, surveyed over 100 news organisations from 46 countries about their use of AI and associated technologies between April and July. «More than 60% of respondents noted their concern about the ethical implications of AI on journalistic values including accuracy, fairness and transparency and other aspects of journalism,» the researchers said in a statement. «Journalism around the world is going through another period of exciting and scary technological change,» added report co-author and project director Charlie Beckett. He said the study showed that the new generative AI tools were both a «potential threat to the integrity of information and the news media» but also an «incredible opportunity to make journalism more efficient, effective and trustworthy». Journalists recognised the time-saving benefits of AI with tasks such as interview transcription. But they also noted the need for AI generated content to be checked by a human «to mitigate potential harms like bias and inaccuracy», the authors said. Challenges surrounding AI integration were «more pronounced for newsrooms in the global south» they added. «AI technologies developed have been predominantly available in English, but not in many Asian languages.

National Asset Reconstruction Company (NARCL) emerged as the winning bidder for the debt of Dharani Sugars and Chemicals at an uncontested Swiss auction, paving the way for the promoter to submit a fresh settlement offer with the new lender, said people aware of the development. The Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company Law Appellate Tribunal, too, had upheld the NCLT order. Lenders did not receive any counteroffer for the ₹222.5 crore binding offer by NARCL, which triggered a Swiss challenge auction held on September 18. Officials from Dharani Sugars declined to comment on the matter. Dharani Sugars, which was admitted for insolvency in July 2021, had admitted claims of ₹707 crore. The resolution professional received two plans but 91.9% of lenders rejected both on May 18, 2023.

NEW DELHI : Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia. Asian premium is an extra amount levied by the Organization of the Petroleum Exporting Countries (Opec) from Asian countries above the actual selling price. India has repeatedly pressed oil producers to eliminate this premium and even asked for an ‘Asian discount’ instead.

NEW DELHI : India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said. Commerce secretary Sunil Barthwal will chair a high-level meeting on Friday to potentially discuss India’s priorities at WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi in February and chalk out arguments explaining New Delhi’s stance on the issue. This comes as India, the largest rice exporter, imposed curbs on exports of the commodity after a rainfall deficit during the monsoon triggered food security concerns.

NEW DELHI : Diplomatic tensions between India and Canada mounted after New Delhi released a scathing travel advisory counselling its citizens to exercise caution while travelling to Canada. “In view of growing anti-India activities and politically condoned hate crimes and criminal violence in Canada, all Indian nationals there and those contemplating travel are urged to exercise utmost caution. Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda.

Italy’s competition authority has opened a probe into Ryanair’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government.

The UK's Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country.

G20 summit reported fair progress on some of the most nettlesome challenges confronting the world economy, such as debt relief to low-income countries, restructuring multilateral funding agencies and securing finance commitments for climate change. G20 itself has become a more inclusive forum with the inclusion of the African Union (AU).

India to using diplomatic strategy on taking up roles of foreign-based Khalistan sympathisers, the Centre has adopted a five-pronged strategy to counter radical Khalistan propaganda within and outside the country. The strategy includes identification and seizure of cross-border smuggling of narcotics, weapons from Pakistan, preventing jailed gangsters from operating in prisons and action against radical and Khalistan activities in Punjab, said official sources. The Union home ministry has been sharing details of anti-India activities on foreign soil with the missions of the United Kingdom, United States, Australia, and Canada.

Trudeau government has been seriously misled by its agencies on the killing of known terrorist Hardeep Singh Nijjar. While the Canadian Prime Minister's statement contains several qualifications such as «credible evidence», «allegations' and „potential link“, the Indian government and its agencies have absolutely no doubt about the links of Nijjar with terrorist activities in India. These are not only well-documented but have been shared repeatedly with Canadian authorities.

Delhi court will start hearing on October 13 the arguments on whether to frame charges against Congress leader Jagdish Tytler in a case related to the Pul Bangash killings during the 1984 anti-Sikh riots. Special Judge Vikas Dhull, who was scheduled to start the proceedings on Wednesday, adjourned the matter on a prayer made by the counsel appearing for the accused. The counsel prayed for adjournment, claiming that he needed time to approach the authorities concerned for certified copies of certain documents related to the case. Tytler appeared before the court during the proceedings. The judge allowed the accused's plea after the CBI did not oppose the submissions. «The counsel prayed for an adjournment.

macroeconomic crises and business cycles. Even zero growth needs basic savings and investment to sustain a constant output. Two questions arise.

₹300 crore investment for the infrastructure logistics space. The investment strategy blends periodic income distribution alongside capital growth. “High quality physical infrastructure logistics is a critical backbone for a country.

consumer spending by anywhere from $9 billion a month to $70 billion a year. And that’s before accounting for the recent uptick in gasoline prices, which are now at their highest since October. Retailers must be pretty concerned about how this will effect shoppers, right? Well, yes and no.

AP. The following move arrived days after the anniversary of the death of Mahsa Amini, a 22-year-old woman who had been detained by the morality police for violating the country's dress code. After her death, months of protests took place in which many called for the overthrow of Iran's theocracy.