Country Financial News

macroeconomic insecurity. The countries of the Global South have particularly been affected, as their rising debt burdens have hampered efforts at promoting sustainable development, placing a question mark on their ability to meet the sustainable development goals (SDGs) or respond to the effects of climate change.

In the past few weeks, the world has discovered that the Chinese economy has serious problems and might already be in a crisis. The impending collapse of a real estate behemoth is causing analysts to ask if China’s Lehman moment is at hand. One-fifth of the stock of apartments is unoccupied.

Reuters. The January-June loss was 33 billion yuan ($4.53 billion) versus a 66.4 billion yuan loss in the same period a year earlier, said the firm. Since late 2021, Evergrande has seen a string of debt defaults, unfinished homes, and unpaid suppliers, shattering consumer confidence in the world's second-largest economy.

Air India Express issued an apology via a statement for the significant delay of nearly 12 hours and the resulting inconveniences experienced by the passengers. "Our flight from Kozhikode to Dubai was held for a few hours today while we tried to resolve a technical issue.

beauty pageant winner, reigning Miss World Karolina Bielawska will visit Kashmir on Monday on a day-long tour for an event. According to Rouble Nagi, chairperson of a Mumbai-based organisation engaged in women empowerment, Bielawska will arrive here along with other pageant winners, including Miss World India Sini Shetty and Miss World Caribbean Emmy Pena. «Gar firdaus bar-rue zamin ast, hami asto, hamin asto, hamin asto (If there is a heaven on earth, it's here, it's here, it's here).

Congress will strengthen its organisation at the taluka and state levels in Gujarat and reach out to the public for their support for the 2024 Lok Sabha polls, senior party leader Mukul Wasnik said on Sunday. Wasnik was on his first visit to Ahmedabad after being made the Congress' general secretary in charge of the state. «In the coming days the organisation of Gujarat Congress will be strengthened and specific responsibilities will be fixed at the taluka, district and state levels.

By Shivangi Acharya

By Nidal al-Mughrabi

India is going to be on the top of the world by 2047 due to the young generation's «commitment, directional approach and service to society», said Vice President Jagdeep Dhankhar on Sunday. Addressing students at an event at Sainik School in Jhunjhunu district, Dhankhar said India is rising like never before and will lead the world when the nation celebrates the centenary of Independence in 2047. «You are the future of this country, you will shape this country. But boys and girls, you are lucky.

ISRO on Sunday released a graph of the temperature variation on the lunar surface and a senior scientist of the space agency expressed surprise over the high temperature recorded on the Moon. The national space agency said Chandra's Surface Thermophysical Experiment (ChaSTE) payload onboard Chandrayaan-3's Vikram lander measured the temperature profile of the lunar topsoil around the pole to understand the thermal behaviour of the Moon's surface. «Here are the first observations from the ChaSTE payload onboard Vikram Lander.

Lok Sabha polls hots up, all eyes are on the opposition bloc INDIA's meeting in Mumbai where a logo of the coalition is likely to be unveiled and strategic issues including seat sharing are expected to be deliberated upon. There is also talk of the 26-party opposition alliance expanding with some more regional outfits joining it in Mumbai as top leaders in opposition ranks huddle for a two-day conclave starting August 31 in the capital city of Maharashtra where the BJP-Shiv Sena government is in power. The INDIA bloc's first meeting was held in Patna in June, while the second one took place in Bengaluru in mid-July.

G20 summit in New Delhi in September. The conflict relates to transparency questions related to wife Akshata Murthy’s Infosys shares – massive Bengaluru-based international IT services and consultancy company, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, reported The Guardian.

reality in India Inc: overwhelmingly male-dominated corporate boards. There have been gradual gains to bridge the disparity at the employee level as well as top echelons, some of it through regulatory intervention. Yet, pain points remain.

Is conservatism, as a political credo, open to change? Edmund Burke, the 18th century thinker who laid down its basic principles in the West, held that the wisdom of past generations had to be upheld, society was composed of the living as well as the dead and unborn, and all social reform had to be gradual for the sake of stability. In Burke’s country, the UK, the Conservative party in power has Rishi Sunak as its leader, a man of Indian descent who affirms his credentials with—among other things—his tough stance on letting in settlers. In the US, Democrat Joe Biden is president, but the Republican party in search of power has found a new voice in Vivek Ramaswamy, another man of desi lineage who professes conservative ideology; he has lately grabbed attention by setting forth 10 snappy “truths": “God is real.

New Delhi: The India Meteorological Department (IMD) on Sunday warned that heavy to extremely heavy rainfall will likely persist over Arunachal Pradesh, Assam, and Meghalaya until Monday. This has been attributed to the influence of a cyclonic circulation over west Assam at lower tropospheric levels, coupled with the western end of the monsoon trough aligning along the Himalayan foothills.

India, now the world's most populous nation as of 2023, is set to achieve a real GDP growth of around 6% by the end of the year. This marks the third consecutive year of impressive growth among major economies.

Priyank Kharge on Sunday discussed rolling out free public wifi zones in Bengaluru. “We plan to have about 5,000 public hotspots in Bengaluru,” Kharge told ET, saying it was a project he initiated as IT/BT Minister over five years ago, but was still stuck where it was. “We will start talking to telecom service as well as broadband service providers,” the IT/BT Minister said, adding that the government planned to roll it out by December. The long pending project is part of the Digital Karnataka goal, aiming to provide wifi access to everyone. With no investment from the government, the earlier plan was to give data free for the first 30 minutes or an hour and charge for use beyond that. In November 2019, the BBMP and ACT Fibernet signed an MoU to make public wifi available in nine months, but it remains a non-starter.

Uddhav Thackeray on Sundaycompared National Democratic Alliance (NDA) to an «amoeba», saying that the BJP-led front does not have any definite shape and size. Hitting out at Prime Minister Narendra Modi for calling the opposition INDIA alliance «ghamandia» (marked by arrogance) and «Indian Mujahideen», Thackeray said the NDA should be called «ghama-NDA» («ghamandiye» meaning arrogant). Addressing a rally at Hingoli in Maharashtra, he also asked Telangana Chief Minister and Bharat Rashtra Samithi (BRS) chief K Chandrashekar Rao to clarify whether he was supporting the INDIA alliance or the Bharatiya Janata Party (BJP). «The INDIA alliance comprises nationalist parties that want to protect democracy in the country. But most parties in the NDA comprise traitors and those who have joined the BJP as allies by breaking other parties,» Thackeray said. «The present NDA is like an amoeba, which has no definite shape and size.

Yevgeny Prigozhin, who was confirmed dead on Sunday by Russia's Investigatice Committee after a plane crash near Moscow, was a Kremlin confident catapulted to infamy by the offensive in Ukraine before he turned his troops on Russia's capital. Prigozhin's order in June that his private fighting group march on Moscow to unseat Russia's top brass presented the most serious challenge to President Vladimir Putin's hold on power over more than two-decades. His forces captured a key military headquarters in the city of Rostov-on-Don in southern Russian before setting their course for Moscow, where authorities beefed up security in anticipation of a showdown. «The evil that the military leadership of the country brings must be stopped,» Prigozhin announced after claiming the defence ministry had launched strikes on Wagner bases. But the failed bid ended with Putin ultimately offering exile in neighbouring Belarus to the mutineers and Prigozhin, who then appeared in footage vowing to make Africa «freer» and suggested he was on the continent. Before Putin, who accused Prigozhin of treason, ordered troops to Ukraine in February last year, the 62-year-old mercenary head dispatched fighters from his private force to conflicts in the Middle East and Africa but always denied involvement. That changed last year when he announced himself as the founder of the Wagner group and began a mass recruitment drive at Russia's prisons for foot soldiers to fight in exchange for an amnesty. — Bitter top brass rivalry — He gained public acclaim as Wagner spearheaded the capture of several key Ukrainian towns including Bakhmut.

By Jarrett Renshaw

There has been a constant rise in the number of lifestyle diseases among youngsters and adults. The prevalence of these diseases leaves young adults bereft of opportunities to take health insurance. On average, 15% of people aged below 45 years fail to get any health insurance policy because of pre-existing diseases like heart disorders, uncontrolled diabetes, chronic liver and lung disease, etc, says PolicyBazaar’s data.