Country Financial News
14.09 / 13:37
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country
Crude oil hits highest level this year; supply set to remain tight
Investing.com — Oil prices climbed to the year’s highest levels as expectations of growing supply tightness overshadowed concerns over weaker economic growth and rising U.S. inventories.
14.09 / 13:11
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Pakistan central bank leaves key rate unchanged in surprise move
KARACHI (Reuters) -Pakistan's central bank kept its key interest rate unchanged at 22% on Thursday, surprising analysts who had been expecting it to try to tame inflation and support the rupee with an increase of at least 150 basis points.
14.09 / 12:59
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Indian
'Isolate Pakistan globally…': Union Minister amid protests over death of Indian soldiers in J&K encounter
Two Army officers, cop killed in gunfight with terrorists in J&K's Anantnag Anti-Pakistan protests were witnessed in various areas of Jammu and Kashmir on Thursday as the encounter continued. Panun Kashmir and Eik Sanatam Bharat Dal (ESBD) led tributes to the officers and called for a robust operation against the terrorist network in the northern union territory. BJP youth activists also staged a massive demonstration under the leadership of Jammu and Kashmir unit president Arun Prabhat, lashing out at Pakistan for its role in encouraging terrorism.
14.09 / 12:59
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Green hydrogen for steelmaking in India will only catch up by 2050, says report
renewable energy, carbon capture, usage and storage technology with Blast Furnace (BF)/Basic Oxygen Furnace (BOF) or Direct Reduced Iron (DRI)-Electric Arc Furnace (EAF), scrap-based Electric Arc Furnace (EAF) etc. Of these technologies, the green hydrogen-based route is the cleanest method of producing steel. However, green hydrogen is expensive and investing in the technology could render steelmakers uncompetitive as they sell a highly commoditised product.
14.09 / 12:59
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ECB raises rate to record high and signals end of hikes
By Francesco Canepa and Balazs Koranyi
14.09 / 12:57
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VISA
country
Thailand's government, seeking return of tourists from China, approves visa-free entry for 5 months
Thailand’s new government has approved a measure granting temporary visa-free entry to Chinese tourists, signaling that the recovery of the country’s tourism industry is a top economic priority
14.09 / 12:57
14.09 / 12:57
14.09 / 12:57
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Sri Lanka deploys troops as the railway workers' strike worsens
Sri Lanka's government has deployed army troops at railroad stations as railway employees continued with their strike
14.09 / 12:57
14.09 / 12:57
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New Indonesian industrial park on Borneo, feted as 'green,' will be powered by coal, report says
An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate
14.09 / 12:57
14.09 / 12:57
14.09 / 12:57
UPS
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Spain records its third hottest summer since records began as a drought drags on
Spain has recorded its third hottest summer since official records began 62 years ago
14.09 / 12:49
UPS
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country
Govt cuts wheat stock limit for traders, wholesalers to 2,000 tonne
₹2,550 per quintal in the last one month. All-India average prices of the grain shot up 1.3% on month on Thursday and 10.4% on year to nearly ₹30 a kg in the retail market. In the wholesale market, all-India average wheat prices were at ₹2,668 per quintal, a rise of 0.2% month-on-month and 4.2% year-on-year.
14.09 / 12:35
Provident
Manufacturing
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'Tremendous response': 23 companies interested in ISRO's small satellite launch vehicle technology
Small Satellite Launch Vehicle technology, said a top official who termed it a «tremendous response». Chairman of Indian National Space Promotion and Authorisation Centre (IN-SPACe) Pawan K Goenka said on Thursday that they are keen to see how the private sector uses the Small Satellite Launch Vehicle (SSLV) technology. «There has been a tremendous response, 23 companies have (so far) shown interest in applying for this technology.
14.09 / 12:29
COST
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Airlines
country
Fuel Prices Are Soaring. Who Is Feeling the Pinch?
Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss." “In the private construction world, you’re not going to get a terribly sympathetic ear for that," said McMahon, chief executive of Bethesda, Md.-based Miller & Long. “It’s, ‘Hey, you knew the risks when you signed the deal.’" Diesel, jet and marine fuel prices are soaring, pressuring the construction companies, transportation businesses and farmers that are the biggest users.
14.09 / 12:07
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social
Schools
Ban on Muslim Dress in Schools Stokes Culture War in France
NICE, France—Nawel Moumen, a 13-year-old French Muslim, was taken aside last spring by the dean of her middle school. The robe-like dress she had on was inappropriate, Moumen recalled the dean saying, because he considered it a religious garment. He warned her she would face detention if she wore it again.
14.09 / 11:53
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Reliance-owned Hamleys debuts in Italy
New Delhi: Toy retailer Hamleys, owned by Mukesh Ambani’s Reliance Industries Ltd., has inaugurated its first retail store in Italy with franchisee Giochi Preziosi S.P.A (GP), a prominent player in the European country’s toy manufacturing and distribution industry.. Under the terms of the franchise agreement, GP has secured the exclusive rights to operate Hamleys stores throughout Italy, Reliance Brands Ltd. (RBL), that acquired the British toy retailer in 2019, said in a statement on Thursday Hamleys has made its debut in Italy with a store in Milan at the Corso Vittorio Emanuele II.
14.09 / 11:53
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Entero Healthcare Solutions files draft paper for IPO
₹1,000 crore and an offer for sale (OFS) of up to 8.56 million shares. Prabhat Agrawal, promoter, managing director, and CEO, will offload up to 534,082 shares; OrbiMed Asia III Mauritius Ltd, a private equity firm, will offload up to 7.5 million shares; Prem Sethi, promoter and whole-time director will offload up to 353,302 shares; and other shareholders will offload up to 170,213 shares.
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