Country Financial News

U.S. ports from Maine to Texas could shut down if a union representing about 45,000 dockworkers carries through with a threatened strike early Tuesday

Subscribe to enjoy similar stories. China’s real-estate bust left behind tens of millions of empty housing units. Now that historic glut of unoccupied property is colliding with China’s shrinking population, leaving cities stuck with homes they might never be able to fill.

Subscribe to enjoy similar stories. As global dynamics shift, does foreign direct investment (FDI) need extra supervision? As reported, India’s government is exploring the idea of an FDI regulatory mechanism for post-inflow review and monitoring. The plan is at a discussion level, so it is too early to tell the shape it will eventually take, should it go ahead, or the details of any rules under consideration.

Soviet Union, the Communist Party of China retains a firm grip on power. The powerful and feared organization has ruled the nation — home to close to one-fifth of the world's population — for 75 years, surpassing the 74-year Soviet era in Russia. The party survived years of self-inflicted tumult after it took control in 1949. A major course correction in 1978 transformed the country into an industrial giant with an economy second in size only to the United States.

Subscribe to enjoy similar stories. New Delhi: The government is likely to allow sops for research & development and manufacturing under a new productivity-linked incentive policy for drones that is being discussed within the government, two people told Mint. The original proposal was to provide incentives for testing, R&D and manufacturing.

Subscribe to enjoy similar stories. The public squares and beaches of Beirut are crammed with people who have been displaced from the south of Lebanon and the city’s southern suburbs. The lucky ones have mattresses and blankets to sleep on.

Subscribe to enjoy similar stories. New Delhi: The government’s renewed focus on setting up thermal power projects in the country and a surge in demand for coal-fuelled power generation have revived the fortunes of BHEL Ltd, India’s largest power equipment manufacturer, two people familiar with the matter said.

Port of Los Angeles executive director Gene Seroka discusses the key issues of the impending ports strike on Cavuto: Coast to Coast.

American Trucking Associations President and CEO Chris Spear analyzes the short and long-term macroeconomic impacts as dockworker strikes could disrupt major shipping ports on the East Coast.

infrastructure industries shrank 1.8% in August from a year earlier, the first contraction in 42 months, compared with 6.1% expansion in the preceding month, according to the official data released on Monday. Experts blamed heavy seasonal showers in August over large swathes of the country, on top of an unfavourable base effect, for the slump. Given their 40% weight in the index of industrial production (IIP), the poor show by the infrastructure industries could limit the August index of industrial production (IIP) expansion to just 1-1.5%, against 4.8% in July, experts said. IIP data for August will be released on October 12. Apart from steel and fertilisers, six of the eight industries-coal, crude oil, natural gas, refinery products, cement and electricity-remained in the negative zone in August, the latest data showed.

interest equalisation scheme on pre- and post-shipment rupee export credit for three more months till December 31 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on September 30. In a trade notice, the Directorate General of Foreign Trade (DGFT) said, «Trade and Industry is hereby informed that the Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit, which had earlier been extended till September 30, 2024 has been further extended by three months up to December 31, 2024». It also said the fiscal benefits of each MSME, on aggregate, will be restricted to Rs 50 lakh for 2024-25 till December 2024.

Swachh Bharat Mission launch by participating in the Swachh Bharat Diwas programme on October 2, during which he will launch and lay foundation stones for several projects related to sanitation and cleanliness worth more than Rs 9,600 crore. The Swachh Bharat Diwas programme will showcase India's decade-long sanitation achievements and those in the recently-concluded «Swachhata Hi Seva» campaign. «Marking the completion of 10 years of the launch of one of the most significant mass movements for cleanliness — the Swachh Bharat Mission — Prime Minister Shri Narendra Modi will participate in Swachh Bharat Diwas 2024 programme on the occasion of 155th Gandhi Jayanti on 2nd October at around 10 AM in Vigyan Bhawan, New Delhi,» a statement issued by the Prime Minister's Office (PMO) said. The projects to be launched include those worth more than Rs 6,800 crore aimed at enhancing urban water and sewage systems under AMRUT and AMRUT 2.0, 10 projects worth over Rs 1,550 crore focused on improving water quality and waste management in Ganga basin areas under the National Mission for Clean Ganga and 15 compressed biogas (CBG) plant projects worth more than Rs 1,332 crore under the GOBARdhan scheme.

California Gov. Gavin Newsom has vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models

Britain’s last coal-fired power plant is closing

Greek authorities say two people have died overnight in a large wildfire burning through forestland above a seaside resort in southern Greece

Japan’s Prime Minister Fumio Kishida will resign Tuesday, handing over leadership to his successor Shigeru Ishiba, who says he plans to call a snap election for Oct. 27

Hampshire is set to become the first English county cricket club to be owned by an overseas franchise after entering into a “phased acquisition” with the part-owner of Indian Premier League team Delhi Capitals

Hezbollah leader Hassan Nasrallah, who was then tracked down, spied upon, and then ultimately killed by Israeli agencies, reveal reports. This comes in after the pager and walkie-talkie blasts in parts of the Middle East, which saw hundreds of Hezbollah's top officials get injured, with multiple deaths of some of the Hezbollah's premier brackets.

current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the same period a year ago due to widening trade deficit according to the figures released by the Reserve Bank of India. Overall balance of payments ended in a lower surplus of $5.2 billion compared to $24 billion in the previous comparable quarter as capital flows slowed during the quarter. Current account which record the country's imports and exports of goods and services ended in a deficit of $ 9.7 billion or 1.1 per cent of GDP for the quarter ended June 2024-25 compared to $ 8.9 billion or1.0 percent of GDP in June 2023 quarter and against a surplus of $ 4.6 billion or 0.5 per cent of GDP in the March 2024 quarter.

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BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing's reunification aims with Taiwan.