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Subscribe to enjoy similar stories. Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make his mark on it.

Negotiators are gathering in South Korea in what’s billed as a final push.

Lower House of Parliament commenced proceeedings on Day one of the 2024 Winter Session. Speaker of the House, Om Birla adjourned the House to noon today. Congress president Mallikarjun Kharge said in a post on X that as the Parliament session begins, the first step the government should take is to have a detailed discussion on the Adsaga which has the potential of tarnishing India's image at the global stage, on Monday.

Subscribe to enjoy similar stories. India's economic performance improved significantly among emerging markets’ (EM) peers, driven by a remarkable rebound in exports. Despite a tumultuous stock market and the depreciation of the rupee, the country's growth was fuelled by a 17% year-on-year increase in exports in October, marking a sharp recovery after months of sluggish performance.

Lok Sabha speaker Om Birla on Monday said that ideologies and expression can differ but the country is always first (supreme). There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions, he added. Differences can exist but people must come together to work for the country, Birla said, adding that differences are the strength of democracy. «On Constitution Day, we need to take inspiration from the debates and discussions of the Constituent Assembly. There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions. The differences were there then also as it is the strength of democracy. We should take inspiration from our traditions and customs so that we can have good discussions in our respective Houses. The differences can exist, but we must come together to work for the country. Ideologies and expression can differ, but the country is always first (supreme),» Lok Sabha speaker Om Birla told ANI.

Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling the air by burning coal. «Every night, we see particles falling from their chimneys. Under street lights, you can clearly see the dust raining down,» said Mostafa Mahmoud, a grocery store owner in the Wadi al-Qamar neighbourhood.

Subscribe to enjoy similar stories. The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. So much so that the spokesperson for the Indian delegation to the annual series of UN-mandated climate talks called the final agreement an “optical illusion." India’s voice matters at such forums our delegates make sure it is heard loud and clear.

antisemitic terror incident". The UAE's Interior Ministry later said authorities arrested three suspects involved in the killing of Zvi Kogan. The statement from Prime Minister Benjamin Netanyahu's office on Sunday said that Israel «will act with all means to seek justice with the criminals responsible for his death». Israeli authorities did not say how they determined the killing of Kogan was a terror attack and offered no additional details.

Subscribe to enjoy similar stories. America’s gross national debt is $36trn, or $107,000 per person. It is rising fast and will probably soon be rising even faster.

Subscribe to enjoy similar stories. Tata Capital Healthcare Fund (TCHF) is planning to increase the ticket size of each of its investments to around $25 million, from $10-18 million currently, the private equity (PE) fund’s managing partner Visalakshi Chandramouli said, as demand for healthcare in the world's fifth-largest economy grows. The fund is also betting on domestic pharmaceutical companies that target global markets.

Donald Trump hailed what would become Project 2025 as a road map for «exactly what our movement will do» with another crack at the White House. As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face. He denied knowing anything about the «ridiculous and abysmal» plans written in part by his first-term aides and allies, AP reported. Now, after being elected the 47th president on November 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as «border czar;» and immigration hardliner Stephen Miller as deputy chief of policy.

Keir Starmer said his government would be setting out «radical reforms» in soon to tackle the UK's rising outlays on benefits. «Make no mistake, we will get to grips with the bulging benefits bill blighting our society,» the prime minister said in an op-ed in the Mail on Sunday newspaper. Starmer's Labour is under pressure to balance the country's spending and boost growth after returning from over a decade out of power. The first set of indicators following its inaugural budget saw private enterprise stagnate and consumer retail spending fall.

Viksit Bharat Young Leaders Dialogue' and participate in preparing the future roadmap of the country. In his monthly 'Mann ki Baat' address, the PM lauded the life and lessons of Swami Vivekanand whose birth anniversary on January 12 is celebrated as Youth Day. «Next year is Swami Vivekananda's 162nd birth anniversary.

The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

«Pleased to inaugurate the new Chancery of the Embassy of India in Rome today. It befits the continued expansion of India-Italy partnership in recent years. Will also help us serve better the Indian community in Italy,» he said in a post on X. Speaking on the occasion, Jaishankar said India regards Italy as a key partner, a very crucial one in Europe, and a very influential one in the Mediterranean.

Yogi Adityanath on Sunday said there are «individuals among us» who are secretly carrying out «anti-national» religious conversions and asked youngsters to be vigilant to put an end to it. Adityanath said this while addressing a special session on the closing day of the three-day 70th National Convention of the Akhil Bharatiya Vidyarthi Parishad (ABVP) held at the Deendayal Upadhyay Gorakhpur University campus. Commending the efforts of Dipesh Nair, co-founder of NGO Teach and recipient of the Prof. Yashwantrao Kelkar Award, the chief minister shared an incident related to «anti-national» religious conversions involving deaf-and-mute children. He recounted that in 2019, following the arrest of two men under false identities for plotting the killing of a seer at a temple, a thorough probe revealed their ties to a religious preacher associated with Batla House in Delhi.

Cryptocurrencies are on a roll in anticipation of Donald Trump easing up on their regulation. The US has been the most proactive in law enforcement against fraud and money laundering engineered through cryptos. This, despite a regulatory framework that doesn't push hard to separate transaction and speculative elements of digital currency.

RSS Chief Mohan Bhagwat on Sunday said India's forgotten pride should be reintroduced. Speaking at Lokmanthan-2024, a colloquium of "nationalist thinkers" here, Bhagwat talking about the importance of science having the consent of country's philosophical knowledge, cited the example of scientists stressing on ethics in the use of Artificial intelligence. India's value system emphasizes on the individual's wisdom, he said. There is logic, wisdom in India's approach to issues and the country need not follow other approaches to problems. India can take good things from foreign countries but it should have its own soul and structures.

Subscribe to enjoy similar stories. New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Trump had proposed during his campaign an additional 10% import tariff on all goods imported into the US and a 60% tariff on goods from China.

Subscribe to enjoy similar stories. New Delhi: After an extension and over two weeks of intense negotiations, the 29th UN climate change conference or COP29 in Baku finally reached a consensus on a new collective quantified goals (NCQG) on climate finance but disappointed developing countries with only $300 billion per year by 2035 as against a required $1.3 trillion.

finance sector, it fell to a seven quarter low of 4.8% in the September quarter. It was 5.7% in the previous quarter and 5.4% in the year-ago quarter. The ratio is calculated as profit before interest and tax (PBIT) divided by interest outgo. It reflects the ease with which a company can cover interest expenses or service debt; a higher ratio is desirable. “Interest costs have risen sharply year-on-year due to higher (interest) rates and working capital requirements,” said Deepak Jasani, retail research head, HDFC Securities. For the sample, interest cost increased at a three quarter high of 7.2% year-on-year in the three months to September at a time when the aggregate top line growth was at a three quarter low of 4.9% amid lower government expenditure due to elections and flood situations in various parts of the country during the monsoon season. In addition, raw material costs as a percentage of revenue increased to 35.1% from 34% in the year-ago quarter. This affected EBIT, which fell by 4.9% year-on-year. It in turn weakened the interest coverage ratio for the quarter.