Country Financial News

Keurig Dr Pepper Inc. will pay $1.5 million to settle charges that it made inaccurate statements about the recyclability of its K-Cup single use beverage pods

Kamala Harris has pressed a forceful case against Donald Trump in their first and perhaps only debate before the presidential election

Kamala Harris on Tuesday night took on Republican rival Donald Trump in what was their first official face-off during the US Presidential Debate 2024 in Philadelphia. In contrast to outgoing President Joe Biden's disasastrous, and what critics called a sure-short failure of a debate for Democrats, Harris' fight against Trump appeared to be a visual treat. Harris, who identifies as an American born to Jamaican-Indian immigrant parents, was tough on the former US President, launching sharp attacks and significant verbal punches, often taking the Republican by surprise.

South China Morning Post, the Hong Kong daily, reported that the Malaysian Retailers Association has publicly called on Kuala Lumpur to significantly raise duties on imported goods costing $115 or less from the 10% levy imposed in January. The retailer’s association estimates it is losing 30% of its business to e-commerce portals selling goods shipped in from China. “Because we have not tightened up any rules or regulations, Malaysia has become a dumping ground for excess capacity from China," Ameer Ali Mydin of the Malaysian Retailers Association told the newspaper.

Universities Australia Chair David Lloyd said countries including the UK and the US would be big winners from the center-left Labor government’s plan to limit foreign student places to 270,000 next year — 175,000 for the higher education sector and 95,000 for skills colleges. Lloyd pointed to Canada as a cautionary tale for Australia after it imposed similar restrictions only to see new international student enrollments fall by more than expected.

U.S. Vice-President Kamala Harris and former president Donald Trump clashed over the economy, immigration and reproductive rights in Tuesday night’s presidential debate, as both candidates sought to make their case for winning the White House in November.

India is one the first counties amongst the G20 nations to fulfill Paris commitments on Green Energy, nine years ahead of the 2030 target, said Prime Minister Narendra Modi while addressing the International Conference on Green Hydrogen. Modi said that climate change is not just a matter of the future. «The impact of climate change is being felt here and now. Time for action is here and now.» The prime minister said that India is committed towards a cleaner and greener world. He added that the country had increased its non fossil fuel capacity by 300 per cent in last 10 years. «Solar energy capacity increased over 3,000 per cent in 10 years and we are not resting,» Modi stated.

State Bank of India (SBI) is likely to raise up to ₹7,500 crore through the issuance of tier-2 bonds next week to meet burgeoning credit demand that has persistently run ahead of deposit accretion by lenders. «They (SBI) are likely to carry out a tier-2 bond sale for up to ₹7,500 crore with a base size of ₹3,500-4,000 crore and the remainder through a greenshoe option. Bidding for the bond sale is likely to take place on September 18 and the pay-in would be on September 19,» a source aware of the developments said to ET.

Donald Trump and Kamala Harris on Inflation: During the high voltage debate that could help in shaping 2024 Presidential elections, the two showcased differing view points on tax cuts, trade wars and more. Trump, 78, criticized Harris for the persistent inflation during the Biden administration's term, though he overstated the level of price increases. He also pivoted quickly to his top issue, immigration, claiming again without evidence that immigrants from «insane asylums» are crossing the U.S. southern border with Mexico.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Taylor Swift has endorsed Kamala Harris for president shortly after the debate on Tuesday night. Swift, a prominent figure in the music industry, shared her support through an Instagram post. «I think she is a steady-handed, gifted leader and I believe we can accomplish so much more in this country if we are led by calm and not chaos,” Swift stated in her post. The Instagram post also featured a picture of Swift holding a cat, with a note signed “Childless Cat Lady,» referencing comments made by JD Vance, Donald Trump's running mate.

New Delhi: Spain’s Zelestra plans to invest $5 billion in India to build 10GW of wind and solar power capacity by the end of the decade, a top executive said, doubling its previous target of achieving 5GW by 2026. The company, backed by private equity firm EQT, may also enter India’s lucrative commercial and industrial sector as part of the expanded plan, chief executive officer Leo Moreno said in an interview. Typically, renewable energy projects raise 30% equity and 70% project finance, but given the strong backing from EQT, Zelestra won’t need to raise any external equity, Moreno said.

Amazon Web Services, said on Wednesday that it plans to spend 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years to build, operate and maintain data centres. The company expects the investment project to contribute 14 billion pounds to the country's gross domestic product by the end of 2028 and to support more than 14,000 jobs at British businesses. The project represents a step-up in the pace of Amazon's investment in Britain. Since 2022 AWS has invested 3 billion pounds in facilities in London and Manchester.

Tata Motors, which has slashed prices on some of its popular vehicles by up to ₹2 lakh. Other manufacturers and even financiers have laid out schemes to draw customers.

Health Canada is issuing a recall for vitamins and medicines sold by Canadian pharmaceutical brand JAMP Pharma, the health agency said in recall notices.

arrested in Quebec as he was allegedly on his way to New York to conduct a mass shooting at a Jewish centre entered Canada last year on a student visa, Immigration Minister Marc Miller said Tuesday.Muhammad Shahzeb Khan, charged last week in an ISIS terrorism plot, received a student visa in May 2023 and arrived at Toronto’s Pearson airport on June 24, 2023, the minister told reporters.“This is all that I’ll be commenting on this individual,” Miller told reporters. “It’s very important that we don’t comment and actually it’s dangerous to comment any further.“Any defence lawyer is looking at elected officials in their comments about this case, salivating at any comment that is made that could be seen as compromising the judicial process.”He said it was “highly careless” of the Conservatives “to be firing their mouths off again” about Khan, and that Opposition Leader Pierre Poilievre’s advisors “should be counselling him to shut his mouth.”Khan was arrested in Ormstown, Que., on Wednesday as he was allegedly about to be smuggled across the U.S.

Kamala Harris and former President Donald Trump are set to face off in their first debate in Philadelphia, Pennsylvania, on September 11. The debate will mark the first time the Democratic and Republican candidates will meet in person and share a stage. In the last debate, Trump successfully cornered President Joe Biden, who has since dropped out of the race after handing over the Democrats' baton to Kamala Harris. But this time, the tables have turned. In tonight's ABC News debate, former President Donald Trump, now 78, is facing scrutiny over his age and capacity as he debates with 59-year-old Kamala Harris. This comes amid concerns raised about his recent public appearances and statements.

India and the UAE have inked a pact that provides a framework for giving services for operation and maintenance of nuclear plants in the emirate. The Memorandum of Understanding was signed by Bhuwan Chandra Pathak, Chairman and Managing Director of the Nuclear Power Corporation of India Limited (NPCIL), and Mohamed Al Hammadi, the Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC) of the UAE. The MoU was inked during the ongoing visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India. Al Nahyan held talks with Prime Minister Narendra Modi on Monday.

BJP on Tuesday reacted strongly to Congress leader Rahul Gandhi's remarks regarding the Sikh community facing trouble in India. Union minister Hardeep Puri said Sikhs have never felt safer in India as they feel now. «He (Rahul Gandhi) says that Sikhs are facing troubles in wearing 'Turban' and 'Kada' in the country.

S Jaishankar on Tuesday said India is open to pursuing business with China, but the question is in what sector and under what terms. He was speaking in Berlin at Germany's annual ambassadors' conference. Jaishankar stated that China was the world's second-largest economy and a premium manufacturer.

US recession is currently becoming an unwanted reality, as various market factors are suggesting that there are major chances of a major effect on the national economy. The pandemic had earlier triggered a major inflation in the country, worse than what was seen in the last 40 years, and now, there are chances that things could deteriorate again if the impending recession does arrive.