Country Financial News

The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits

Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he will renegotiate with the International Monetary Fund the 2022 economic reforms package to ensure that the rich pay more taxes and t...

The U.S. Postal Service is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps, in a move meant to help the Postal Service slow losses but that could see the higher costs passed on to consumers

The U.S. is divided when it comes to state and federal marijuana policy, but recent political developments could move the country toward greater acceptance of cannabis

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

A tech billionaire has performed the first private spacewalk hundreds of miles above Earth

ageing population and climate change, a government watchdog forecast on Thursday. The projection from the Office for Budget Responsibility comes ahead of the Labour government's maiden budget next month in which some taxes are expected to rise to help fill a blackhole estimated at £22 billion ($29 billion). Commenting on its latest annual Fiscal Risks and Sustainability report, the OBR noted that «long-term projections such as these are clearly highly uncertain».

Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks. The two schemes are the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. «With continued focused support on 2Ws, 3Ws, e-buses and the thoughtful addition of e-ambulances, the scheme will drive higher EV penetration in the country,» Mahindra & Mahindra Managing Director Anish Shah said in a statement.

The COVID-19 pandemic and Russia's invasion of Ukraine in 2022 are two examples of recent global events that have caused higher gas prices. According to Patrick DeHaan, head of petroleum analysis at GasBuddy, the market is coming into a better sense of balance. So it certainly is good news for the incumbent party, potentially, that gas prices are falling, though he expects there will continue to be a lot of noise from politicians on both sides of the aisle on this issue. Wednesday saw the national average price of gasoline drop to about $3.25 per gallon from $3.31 per week and $3.45 per month. According to DeHaan, the price drop is normal for the early fall. Also Read: US Inflation Rate: Which cities are facing the highest and lowest costs?

Narendra Modi said. “There was a time when air travel was only reserved for the elite in India. It was limited to big cities but the middle and poor class never could use this. But today, lot of common people are flying from tier 2 and tier 3 cities,” Modi said while addressing the second Asia Pacific Ministerial Conference on Civil Aviation Thursday. The Prime Minister also announced the unanimous passing of the Delhi Declaration under which the countries agreed to work together to enhance regional cooperation, addressing emerging challenges, and fostering sustainable growth within the civil aviation sector.

Of all the clicks on British job postings from workers abroad, only a fifth were on high-wage jobs, or postings offering the upper third of wages, according to data covering the first six months of the year from job-search website Indeed. Only Spain had a smaller proportion among 10 advanced economies analysed. Foreigners have a strong urge to work in the UK but they are not the kind of workers the government wants. The lowest-paid jobs attracted 40% of clicks from abroad, casting doubt over the Conservatives’ policies to discourage low-skill migration.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Fabindia has announced its strategic collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) under the Central Government’s PM Vishwakarma Scheme, which is aimed at supporting India’s traditional artisans by promoting their products and expanding their market reach. The initiative is aimed at supporting carpenters, boat makers, weavers, armoured, blacksmiths, meson, goldsmith, locksmith, sculptor, stone breaker, hammer and tool kit maker, cobbler, tailor, toy maker, barber, garland maker qand other skilled craftsmen.

Narendra Modi, Congress president Mallikarjun Kharge on Thursday said that he had «loudly trumpeted» a 100-day agenda before the polls but the country is «suffering the terrible consequences» of his «inactions» in 95 days of his coalition government. Kharge also said that while 95 days are over, his coalition government is «vacillating». «Narendra Modi ji, even before the elections, you had loudly trumpeted the 100-day agenda. 95 days are over, your coalition government is vacillating,» Kharge said in a post on X. «Let's do a little recap — Your government brought an anti-people Budget to break the backbone of the poor and middle class. Terrorist attacks took place in Jammu and Kashmir, especially in Jammu, where many bravehearts of the Indian Army were martyred,» the Congress chief said.

Interest rates have remained elevated globally as many countries prioritize inflation management. However, they now stand on the verge of an easing cycle.

Biocon Chairperson Kiran Mazumdar-Shaw on Thursday called for more investment in research and development to drive innovation and foster culture of intellectual property. She highlighted how the country, already the world's largest exporter of generics and a major player in vaccine production, can achieve greater value by nurturing innovation. Mazumdar-Shaw called for a shift in focus toward value creation through innovation. «India ranks 14th in terms of value in the global pharma landscape. We need to invest in R&D and foster a culture of intellectual property to capture greater value,» she said. Addressing a session during the Global Bio-India 2024 event, she positioned the country as a future global leader in biosciences and innovation.

Jagdeep Dhankar on Thursday slammed Rahul Gandhi on his statements in the United States. He said that there is nothing more condemnable intolerable than one in Constitutional position becoming part of enemies of the nation, adding that he is «pained and disturbed» that some people in position have no idea of national interest. This comes after Leader of Opposition Rahul Gandhi met with US Congresswoman Ilhan Omar in Washington. The US leader is known to have an anti-Indian stance. Dhankar further said that true «Bharatiyas» would never side with the enemies of the nation. «Imagine, ultimate sacrifice have been given by how many in getting this freedom, in protecting this freedom, in protecting the nation! Our brothers and sisters are also involved in combat position. Mothers have lost their sons, wives have lost their husbands. We can't ridicule our nationalism,» said the vice president.

BEIJING—The U.S. and Chinese militaries are taking tentative steps to re-engage diplomatically after a two-year freeze in relations, seeking to dial back the risk of confrontation while tensions simmer over Beijing’s activities in the South China Sea and its support of Russia. Jump-starting talks between military leaders has been a priority of the Biden administration, but one that has previously faced stiff resistance in Beijing.

«Of course, structurally, we may see a higher interest rate compared to the history or the past, but still, they should be significantly lower from what they are today, at least 100 to 150 bps or maybe closer to 200 bps lower over the next 12-18 months so that is another very big positive,» says Sachin Shah, Emkay Investment Managers. First up, the market view itself because, of course, while a lot of people have been saying that we are toppish and the fundamentals perhaps are getting overshadowed by liquidity right now, what is your view on where the market momentum lies and what should we factor in for the market peak? Sachin Shah: I think it is getting kind of a consensus view that the valuations are getting a bit stretched, at least in some pockets of the market, particularly the smallcaps and midcap, those kind of things, and of course, the largecaps are much more reasonably valued.

palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. India's palm oil imports fell 26% in August from July to 797,482 metric tons, the Solvent Extractors' Association of India (SEA) said in a statement.

PricewaterhouseCoopers (PwC) has announced a major restructuring, resulting in the layoff of approximately 1,800 employees in the United States. This is PwC's first major workforce reduction since 2009, affecting around 2.5% of its US staff. Roles ranging from associates to managing directors in business services, audit, and tax are impacted, a WSJ report stated.