Country Financial News

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commercial real estate transactions across eight major cities in the country in the first half of the year. Deals for office spaces above 100,000 sq ft recorded a 54% on-year growth in the first half of calendar year 2024 to 15.69 million sq ft. These deals contributed 45% of the overall commercial transactions, showed data from Knight Frank India. Bengaluru’s commercial market continued to witness leasing domination in this segment as this contributed 53% to the city’s total office transaction volumes, amounting to 4.5 million sq ft, up 32% from a year ago.

Sri Lanka prepares to elect a new leader, Namal Rajapaksa is running for president. The 38-year-old is the son of former President Mahinda Rajapaksa and the nephew of the ousted President Gotabaya Rajapaksa. Namal Rajapaksa is presenting himself as an agent of change, but many see his bid for presidency as an attempt by the controversial political dynasty to regain power. By mid-2022, the clan's political career seemed in ruins. Some of its members were forced into hiding in military camps after angry protesters stormed their residences. Others simply gave up their seats in the government as people blamed them for hurtling the country of more than 20 million people into an economic crisis.

Subscribe to enjoy similar stories. Not long ago America’s main concern with sovereign-wealth funds was how to regulate these large pools of money controlled by foreign governments. Now, seemingly overnight, the hot new idea in Washington, DC, is that America should join the club.

Pakistan’s leader says the country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion loan to help prop up its economy

Indian Army apprehended an NSCM(IM) cadre and recovered war-like stores from Inthem Ghat in Pengree of Tinsukia district in Assam. Acting on credible information Army troops, along with Assam Police, launched a joint search operation in the early hours of and apprehended a cadre with two pistols, three grenades and ammunition intended to carry out subversive activities in the region. The apprehended individual along with recoveries have been handed over to the Assam Police for further investigation and disposal. This successful operation highlights the ongoing efforts of the security forces to ensure the peace and stability in the region. The security forces and police continue to be instrumental in countering insurgent threats and maintaining public security.

US State Department said Thursday it was unconditionally releasing $1.3 billion in military aid to Egypt, at a time when Cairo and Washington have been working closely on a Gaza ceasefire deal. Last year, the United States had made the release of part of this annual aid conditional on progress being made on respecting human rights in Egypt, a country where ruler Abdel Fattah al-Sisi has been accused of suppressing dissent. This year, however, the State Department said Egypt had made «progress» in certain areas of human rights. It also explicitly mentioned Cairo's help in mediating between Israel and Palestinian armed group Hamas on the war in Gaza.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Cabinet announced a slew of schemes ahead of crucial assembly polls, and the price of Brent crude oil fell below $70 a barrel for the first time since December 2021.

mental health and neurology space has a massive potential to transform lives, the ET Startup Awards 2024 jury said, as it zeroed in on BrainSight AI as the winner in the Top Innovator category. While space technology startup SatSure was in contention, the potential use of artificial intelligence in reading complex MRI scans and its eventual impact on humans tilted the jury towards BrainSight AI. “The Top Innovator category gives you a sense about the moonshot ideas that entrepreneurs are chasing… It makes you feel that the world is going to be a better place,” said jury member and Caratlane founder Mithun Sacheti.

Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana. Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel by 0016 GMT. U.S. West Texas Intermediate crude futures rose by 38 cents, or 0.6%, to $69.35 a barrel.

Vladimir Putin said on Thursday that the West would be directly fighting with Russia if it allowed Ukraine to strike Russian territory with Western-made long-range missiles, a move he said would alter the nature and scope of the conflict. Ukrainian President Volodymyr Zelenskiy has been pleading with Kyiv's allies for months to let Ukraine fire Western missiles including long-range U.S. ATACMS and British Storm Shadows deep into Russian territory to limit Moscow's ability to launch attacks. In some of his most hawkish comments on the subject yet, Putin said such a move would drag the countries supplying Kyiv with long-range missiles directly into the war since satellite targeting data and the actual programming of the missiles' flight paths would have to be done by NATO military personnel because Kyiv did not have the capabilities itself.

border talks with China, External Affairs Minister S Jaishankar said that 75 per cent of disengagement problems with Beijing are sorted out; however, the two nations «still have some things to do.» Jaishankar also underlined how India and China never had an easy relationship in the past. «We did not have an easy relationship in the past. What happened in 2020 was in violation of multiple agreements, the Chinese moved a large number of troops to the Line of Actual Control. We, in response, moved our troops up… Some progress on border talks with China. 75 per cent of disengagement problems are sorted out. We still have some things to do,» Jaishankar said during his conversation with Ambassador Jean-David Levitte at the Geneva Centre for Security Policy on Thursday.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

The U.S. Consumer Finance Protection Bureau has filed a proposed order to permanently ban Navient from directly servicing federal student loans, which the agency says will end years of abusive lending practices

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour looks ahead to the Federal Reserve’s highly anticipated rate decision on ‘Varney & Co.’

External Affairs Minister S Jaishankar on Thursday dismissed the argument that there was no need for «another club» called the BRICS, and said he was struck by the «insecurity» in the developed world over the grouping. During a conversation with Ambassador Jean-David Levitte at Global Centre for Security Policy, a think tank, here, Jaishankar said if the G7 can exist when there is the G20, there is no reason why BRICS cannot. Accounting for 27 per cent of global GDP, BRICS was founded by Brazil, Russia, India and China; later South Africa joined it, and in January 2024, five new countries — Iran, Saudi Arabia, Egypt, UAE and Ethiopia --joined the bloc. «Why the club? Because there was another club! It was called the G7 and you will not let anybody else into that club. So, we go and form our own club,» Jaishankar told to a loud cheer from the audience.

Mastercard is buying global threat intelligence company Recorded Future for $2.65 billion, a move that will strengthen its cybersecurity services

Ministry of Road Transport & Highways Secretary Anurag Jain on Thursday pitched for scrapping of pre-BS era vehicles, especially commercial heavy vehicles, citing pollution and safety issues. Bharat Stage (BS) norms were introduced in the country in 2000. «If look at pre-BS vehicles, these do so much of pollution. The vehicles which are from before 2000 do pollution 15 times (more). Do you think such vehicles should run when there is so much of problems happening in our country due to pollution,» Jain said. In case of such vehicles, he said, the fuel and maintenance costs also go up adding that there has been so much change in the safety features of vehicles in the last 15 years.

Directorate General of Civil Aviation (DGCA) on Thursday proposed stricter norms for the oversight of wet-leased planes operated by Indian airlines. Faced with the grounding of a significant number of planes due to engine and supply chain woes, domestic carriers are utilising more wet-leased aircraft as a short-term measure to cater to rising air traffic demand. The watchdog has issued a draft for public consultation on the revised Civil Aviation Requirements (CAR) on wet/damp lease operations by Indian operators to strengthen the regulatory framework for safety oversight of wet/damp lease operations. Wet lease of an aircraft by an Indian carrier involves the leasing of foreign aircraft, along with crew, maintenance and insurance. The plane is also under the operational control of the foreign operator (lessor) and subject to regulatory requirements of the foreign civil aviation authority concerned.

United States will host a meeting of the Quad on September 21, according to a release from the White House. US President Joe Biden will host the fourth in-person meet of the group — consiting of India, Australia and Japan — in Wilmington, Delaware. «The President looks forward to welcoming Prime Minister Anthony Albanese of Australia, Prime Minister Narendra Modi of India, and Prime Minister Kishida Fumio of Japan,» the White House release said. The September meet will be the final Quad meeting for the American President as well as Japan's Kishida, who are due to step down soon.

Paying passengers have lined up to rocket to space to experience a few minutes of weightlessness