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British competition regulators have opened a new investigation into Microsoft’s revamped bid to buy video game maker Activision Blizzard

Russian President Vladimir Putin and Chinese President Xi Jinping are both absent as leaders from the BRICS group of emerging economies open a three-day summit in South Africa

A Thai Cabinet minister is threatening to try to shut down Facebook in the country, saying the social media platform does not do enough to screen the advertisements it runs, leaving people vulnerable to costly scams

Canadian Prime Minister Justin Trudeau is accusing Facebook of putting profits over people’s safety during Canada’s wildfire emergencies

The Japanese government says treated and diluted radioactive wastewater from the Fukushima Daiichi nuclear power plant will be released into the ocean as early as Thursday

Russian President Vladimir Putin will be notably absent when Chinese President Xi Jinping and other leaders from the BRICS group of emerging economies begin a three-day summit in South Africa on Tuesday

By Jack Queen

Investing.com — Oil prices slid for a second day in a row, with U.S. crude settling beneath the key $80 per barrel support, on worries over the economic stalling in China and the potential for more rate hikes by the Federal Reserve.

By Jason Lange

BHP chief executive Mike Henry said the global miner would not make any new greenfield investment in Queensland after the state’s controversial new coal royalty regime made it too risky to invest.

Narendra Modi on Tuesday said India will soon become a USD 5 trillion economy and is poised to become the growth engine of the world in the coming years. Speaking at the BRICS Business Forum Leaders' Dialogue, Modi highlighted that «mission-mode» reforms has improved the ease of doing business in India and invited businesses to be part of the country's development journey. While mentioning about the strides made by India on the digital payments front, Modi said there are many possibilities for using the Unified Payments Interface (UPI) for BRICS. He also said that Brazil, Russia, India, China and South Africa (BRICS) together can contribute significantly to global welfare, particularly of the Global South. The prime minister, who is in South Africa to participate in the first in-person summit of BRICS nations since 2019, told the gathering that despite the turmoil in the global economy, India today is the fastest growing major economy in the world. «Soon, India will become a USD 5 trillion economy.

Heal by India initiative. The plan is to create a pool of nurses and care workers and help India to become the Care Capital of the world, a senior government official told ET. «While the master project is 'Heal in India', 'Heal by India' is the initiative of the ministry of health and family welfare, the ministry of skills development will provide skills training and other necessary requirements for movement of Indian healthcare workers to different parts of the world,» the official said. The National Skills Development Council of India has entered into an agreement with the Indian Nursing Council as well as the health sector skills councils for deploying skilled healthcare professionals and care workers outside India. Besides, the ministry is in talks with its counterparts in Israel, Portugal, Finland and Germany to assess demand for caregivers and will soon come up with customised training modules to meet country-specific requirements. The plan is to tap into the human resource pool of Indian Nursing Council, state governments and private healthcare institutions and provide them with training of international standards to facilitate overseas placement. The ministry is in the process of aggregating demand from destination countries after which it will provide domain related skills training, foreign language proficiency training and other capacity building activities to make them employable overseas.

wheat stocks held with the Food Corporation of India (FCI) is at its lowest in the month of August since 2017. However, the government has set a target of procuring 521 lakh metric tonnes of rice for the kharif marketing season 2023-24 against last year's 495 lakh metric tonnes. While the low stocks are worrying from inflation point of view, experts said it is not a concern from the food security angle. The total foodgrain stocks with the FCI on August 22 are 523.35 lakh metric tonnes, out of which 242.96 lakh metric tonnes are rice and 280.39 lakh metric tonnes is wheat. «While this is not worrying from a food security point of view since the stocks are still higher than the required norms, there is an overall hit to production this year which will keep the pressure on prices though government intervention by increasing domestic supplies can soften the price impact to some extent» said Dipti Deshpande, principal economist, Crisil, adding that India has historically stored more than required norms and so the current levels are not worrying. With acreage under rice increasing this kharif season, the country will be fine on the rice side, said Rahul Bajoria, MD & Head of EM Asia (ex-China) Economics, Barclays adding, «wheat could be a little bit of a worry.» Sowing of wheat happens in the rabi season which commences in October. The Centre's procurement of wheat under its minimum support price (MSP) program, which is crucial for keeping its wholesale rates under control, stood at around 26.14 million tonnes much below the target of 34 million tonnes. This has led the prices to stay firm, even during the harvest season, when they should be on the lower side.

₹8,000 crore to be spent on capital expenditure and acquisitions between 2021 and 2025. About 10% of the allocation was for acquisitions and company has already spent it. “We have already invested the allotted ₹600 crore- ₹800 crore for mergers & acquisitions (M&A), but we aren’t constrained by those targets, we are only constrained by opportunities and demand growth...We also have global ambitions in this.

₹5,279 crore. The Colgate brand has a significant share in India’s toothpaste segment. However, its portfolio under the Palmolive brand, offering products such as body wash and hand wash, is relatively small.

Congress president Mallikarjun Kharge said that the party will conduct a caste census in the state if voted to power in the next assembly elections. Addressing a public rally in Sagar, Madhya Pradesh, Kharge's first poll outing in MP, he accused the central government of trying to change the constitution. «Some people are trying to change the Constitution.

NEW DELHI : India may extend duty restrictions to exports of non-basmati parboiled rice and impose a minimum export price (MEP) for the basmati variety depending on the situation, following the ban on white rice exports in response to escalating prices of the staple. The government is exploring to impose a 20% duty on non-basmati parboiled rice exports, while an MEP of around $1,250 per tonne could be levied on basmati rice, two officials aware of the plan said on condition of anonymity. However, the decision will depend on several factors, including domestic rice prices, they added.

IMA) has urged the government to withdraw the regulation that mandates doctors to prescribe generic medicines, saying it should not be enforced till there is assurance that the medicines meet quality standards. In a letter to the health minister on Tuesday, the association also asked the government to allow professional associations to use pharma funding for continuing medical education (CME) sessions (CMEs) and educational/research activities in a transparent and bonafide manner, and to make digitalisation desirable yet optional. A day earlier, health minister Mansukh Mandaviya had called a meeting to discuss issues related to the newly notified regulations by the National Medical Council (NMC). The NMC's regulations, issued earlier this month, stated that all doctors must prescribe generic drugs, failing which they face a penalty, including suspension of their practice licence. The IMA's letter said it is a «matter of great concern» since prescribing only generic drugs directly impacts patient care and safety.

emerging market anymore," Platen said. “There’s a very strong momentum in India as it welcomes investments, in infrastructure, sustainability and in R&D. Education levels here have changed in the last ten years.

Mint, he spoke about the three pillars—content, distribution and marketing—which helped to go from a net loss of ₹55 crore in FY20 to a net profit of ₹76 crore in FY23. Edited excerpts… Hindi news channel TV9 Bharatvarsha was launched in March and I joined in August of that year. Because of the launch-related expenses, we had an Ebitda loss of ₹44 crore and a net loss of ₹55 crore in FY20.

BRICS summit in Johannesburg, South Africa, that started yesterday will discuss many things. It will, however, focus on membership expansion from five members — Brazil, Russia, India, China, South Africa — to a much larger group. South Africa has invited 67 countries to the summit of which 53 are African.