Country Financial News

European Union (EU) adopted the General Data Protection Regulation (GDPR), which replaced the 1995 Data Protection Directive. The GDPR is considered the gold standard for a comprehensive regulation of data protection and privacy.

North Korean leader Kim Jong Un gave field guidance at major weapons factories between Thursday and Saturday including production lines of engines for strategic cruise missiles and unmanned aerial vehicles, KCNA state news agency said on Sunday. Kim also inspected factories producing shells for super large-calibre multiple rocket launchers and transporter-erector-launchers, which are normally used to fire ballistic missiles, KCNA reported.

Ukraine will make a renewed push this weekend at a gathering in Saudi Arabia to win the support of dozens of countries that have remained on the sidelines of the war — the start of a broader campaign in the months ahead to build the diplomatic muscle to isolate and weaken Russia. Ukraine and Saudi Arabia invited diplomats from some 40 governments to talks in the Red Sea port of Jeddah. Notable among them were China, India, Brazil, South Africa and some of the oil-rich Gulf nations that have tried to maintain good relations with both Ukraine and Russia throughout the war, which began in February 2022. Many of the invited governments reject the very concept of choosing sides, framing the war as a contest between global powers that they want no part in, and even with the event fast approaching, it was unclear how many would attend. The meeting is the starting point of what is expected to be a major Ukrainian diplomatic push in the coming months to try to undercut Russia. It began on Wednesday, when President Volodyt the world. He told the ambassadors they must use every tool at their disposal — «official and unofficial, institutional and media, cultural diplomacy and the power of ordinary human sincerity» — to convince both allies and nations that have largely stayed neutral that the only road to a lasting peace is complete Russian defeat.

free trade agreements (FTAs) such as Japan, South Korea and Asean. This will ensure there is no circumvention of the restrictions kicking in on November 1 through the treaty route. India said on Thursday that imports of these electronic goods that have been free until October 31 will require a licence.

Both sides said on Saturday that a Ukrainian sea drone full of explosives had struck a Russian fuel tanker overnight near a bridge linking Russia to annexed Crimea, the second such attack in 24 hours.Russian Foreign Ministry spokeswoman Maria Zakharova said that Moscow would retaliate. «The Kyiv regime, meeting no condemnation from Western countries and international organisations, is actively applying new terrorist methods, this time in the waters of the Black Sea,» Zakharova said in a statement. «There can be no justification for such barbaric actions, they will not go unanswered and their authors and perpetrators will inevitably be punished.»

basmati, the aromatic, long-grained rice that has a huge demand in the global market. The winner of the bid, Latiq Ahmed, immediately calls up his manager in a Haryana rice mill and asks him to transfer `4,76,100 to the seller’s bank account. Sadhuram, the commission agent, is thrilled to have clinched a “good deal” and pocketed an instant 2% brokerage fee, `9,522 in this case, from the purchaser. “Two weeks ago, there was a slump in basmati’s demand. Look at this market now. This bid has fetched `4,761 per quintal,” says Bobby Goyal, an agent present at the high-voltage bidding that lasted less than five minutes. “The government has banned the export of non-basmati rice and, here, the basmati prices are going through the roof,” he says. Another variety of basmati paddy, which was auctioned minutes earlier, had fetched a less — `4,071 per quintal. This was the scene that unfolded earlier this week when ET visited the Agricultural Produce Market Committee’s mandi at Narela, one of the biggest grains markets in the country, which auctioned rice and wheat worth `1,470 crore in 2022-23. On July 20, the government banned the export of non-basmati rice. Ahead of crucial state elections, it does not want to risk domestic food security or exacerbate inflation. Export of non-basmati rice, excluding parboiled, rose from 1.3 million metric tonnes (MMT) in pre-pandemic 2019-20 to 6.3 MMT in 2022-23, an almost five-fold jump.Why ban?

Agricultural economist and member of NITI Aayog Ramesh Chand says that as long as India exports 20-22 million metric tonnes (MMT) of rice a year, there will be no impact on domestic food security. In an interview with Shantanu Nandan Sharma, he says India had to ban non-basmati white rice as the global demand had skyrocketed, with policymakers estimating that India may end up exporting over 30 million tonnes if no restriction was imposed. Edited excerpts:Why did the government ban the export of non-basmati white rice?After the outbreak of the Russia-Ukraine war last year, food prices started rising.

China is the only country among five permanent members of United Nations Security Council (UNSC) which is opposing India's entry into the highest body of UN, External Affairs Minister S Jaishankar said at the Parliamentary Consultative Committee for External Affairs meeting on Saturday. This is despite the fact that India didn't oppose when China was considered for UNSC, Jaishankar told MPs, according to sources.

Joyeeta Gupta, professor of environment and development in the Global South at the University of Amsterdam, won the Spinoza Prize, the highest award in Dutch academia, sometimes referred to as the Dutch Nobel prize. Gupta’s work lies at the intersection of climate crisis, governance and justice, and the jury recognised it as “extremely broad and interdisciplinary”: She was also the lead author of the United Nations Intergovernmental Panel on Climate Change (IPCC), which won the Nobel Peace Prize in 2007 along with former US vice-president Al Gore.

Maruti Suzuki on Saturday said it is looking at launching 10 new models, including half a dozen electric vehicles, in the next seven years as it looks to double total sales to four million units per annum. The country’s largest carmaker, which has commenced work to double its production capacity, is in the process of setting up its largest manufacturing facility with total installed capacity of one million units at Kharkhoda, Haryana. The company board has also approved establishment of another factory with one million units capacity, the site for which is yet to be finalised.

Swindon Town and Colchester United, scheduled at Colchester's JobServe Community Stadium, was postponed on Saturday due to a waterlogged pitch. This marks the first time in EFL history that an opening-day match has been affected by such conditions.

ANI. Most witnesses said they failed to hear what Tytler told the mob but they saw him alight from the car and make a speech that triggered the rampage, reported PTI. Congress leader Jagdish Tytler is charged with murder and instigating violence leading to the killings in the Pul Bangash area on 1 November 1984.

Tehreek-e-Insaf (PTI) chairman was pronounced guilty in a case pertaining to the sale of a range of expensive state gifts when Imran Khan was in power. After the verdict, Imran Khan was arrested from his Zaman Park residence. Imran Khan was also sentenced to three years in jail.

PTI, the sub-variant named EG.5.1 (nicknamed Eris) is spreading quickly in the country. Notably, the variant Eris was recognized only on 31 July after the infections from the virus skyrocketed. The World Health Organisation (WHO) has advised the countries to stay alert and follow the Covid appropriate behaviour.

ISRO) informed through its Twitter. The required maneuver was done from an ISRO facility stationed in Bengaluru, the city-headquartered space agency said. «Chandrayaan-3 has been successfully inserted into the lunar orbit. A retro-burning at the Perilune was commanded from the Mission Operations Complex (MOX), ISTRAC ( ISRO Telemetry, Tracking and Command Network ), Bengaluru,» the agency said in a tweet. Perilune is the spacecraft's closest point to the moon.

Ukraine carried out a drone strike overnight on a Russian tanker in the Kerch Strait, a day after one of Moscow's ships was hit in the Black Sea, a Ukrainian security source told AFP on Saturday. It was the latest attack around the Black Sea since Moscow exited a deal last month that had protected Ukrainian grain exports despite the conflict between Ukraine and Russia.

By Hyunsu Yim

(Reuters) -Dock workers in western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday.

Prime Minister Justin Trudeau’s government won’t lower its immigration targets despite growing criticism that drastic population growth worsens existing housing shortages.

Karnataka government on Saturday formally launched 'Gruha Jyothi' scheme, one of the five poll guarantees of the Congress party, which promises to provide up to 200 units of free power to households in the state. Formally launching the scheme by handing over the «zero bill» to 10 people symbolically, Chief Minister Siddaramaiah and Congress national President Mallikarjun Kharge targeted Prime Minister Narendra Modi for accusing the ruling Congress of «emptying» state coffers for selfish interests through populist announcements. With the launch of 'Gruha Jyothi', the state government has implemented three of the five poll guarantees so far, the other two being, 'Shakti', by providing free services for women in public transport buses, and 'Anna Bhagya' scheme — by payment of cash in lieu of the additional 5 kg rice to beneficiaries. The CM indicated that 'Gruha Lakshmi' to provide Rs 2,000 monthly assistance to the woman head of every family will be launched mostly on August 24; and 'Yuva Nidhi' to provide Rs 3,000 every month for unemployed graduate youth and Rs 1,500 for unemployed diploma holders will be launched by December end or January. «We had promised to provide up to 200 units of free power. There are 2.14 crore consumers eligible under Gruha Jyothi, and 1.42 crore households have registered. The scheme has come into effect on July 1, as the bill for July electricity consumption will come in the beginning of August, it is being formally launched today,» Siddaramaiah said.

BEIJING (Reuters) — China's direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month.