Country Financial News

Capital One said Wednesday it plans to offer $265 billion in lending, investing and philanthropy projects as part of its $35 billion merger with Discover Financial

The Czech government says South Korea’s KHNP has won a lucrative public tender to build at least two nuclear reactors in the Czech Republic as the country tries to become more energy independent and wean itself off fossil fuels

democracy. Fox News has reported that various world leaders have condemned this incident and many have said that this is an attack on democracy. Many analysts noted that the US which is seen to be in the forefront when it comes to “protecting democracy” has a challenge at home and needs to focus on that. This incident may be used by the adversaries to target the US. Many of the retired CIA officers and those from other security services have said that Russia and China may use this to their advantage.

The International Monetary Fund is upgrading its forecast for the Canadian economy, projecting it will now grow by 1.3 per cent this year and by 2.4 per cent in 2025, according to a report released Wednesday.

Akhilesh Yadav and Deputy Chief Minister Keshav Prasad Maurya over reports of alleged infighting within BJP's UP unit. While reacting to Akhilesh's claim regarding alleged infighting in the BJP's UP unit, Maurya asserted that BJP has a strong organisation and has its government both at the Centre and the state. «SP Bahadur Shri Akhilesh Yadav ji, BJP has a strong organisation and government both in the country and the state, SP's PDA is a 'Dhokha» (fraud/cheat). The return of SP's hooliganism in UP is impossible. BJP will repeat 2017 in the 2027 assembly elections," Maurya posted on X. Since Maurya is his party's prominent OBC face, his comments are politically significant.

Union home secretary, the person said. Proposals under Press Note 3 will be expedited only when certain conditions are met. First, the Indian company has to make a case that the technology required and investment proposed is critical for developing the local manufacturing supply chain in areas such as hi-tech components. Second, the management and board of the investee company should not have any Chinese nationals in key roles such as MD/CEO and finance chief, and the Chinese partner can only have a minority stake in any partnership. These conditions will apply to Chinese joint ventures with Indian entities and even with foreign firms operating in India, according to four industry executives. The government plans underscore acknowledgment in industry circles that current Press Note 3 approvals are taking much longer time even where the Chinese has a minority, non-controlling and non-strategic stake, impacting investor sentiments, decisions and investment flows into India. The ministry of commerce and industry, through which Press Note 3 applications are processed, didn't respond to ET's queries.

Karnataka Cabinet on Wednesday approved a bill mandating 100% reservation for Kannadigas in the private sector for Group C and D posts, a look at similar laws in other states that didn't pass the court test. In November last year, the Punjab and Haryana High Court struck down a similar law passed by the BJP-led government in Haryana. The Haryana government had passed a law that mandated 75% reservation for locals in private sector jobs having a gross monthly salary of less than Rs 30,000. Terming it «unconstitutional», a division bench of the Punjab and Haryana HC had struck down the law.

pro-Palestine and pro-Hezbollah slogans and flags during a Muharram procession in Srinagar on Monday. The case has been registered at Kothibagh Police Station in Srinagar under sections 223 and 152 of BNS and 13 of UAPA against unknown persons. «This is an open FIR and the investigation will establish who all were involved in this,» said an official.

semiconductor technology, Bloomberg News reported on Tuesday. These measures would be applied to companies such as Tokyo Electron and ASML Holding NV, the report added, citing people familiar with the discussions.

Gareth Southgate has left his job as England manager after Euro Cup 2024 finals against Spain. Meanwhile, the hunt for a new manager is still on. It is interesting to note, however, that Southgate was the highest paid manager in the entire Euros, comprising of some of the globally top-ranked participating countries. Southgate left his post even after being tipped for knighthood for services to the country. His stellar record saw England reaching the finals of Euro championships twice, as well as the 2018 FIFA World Cup semifinals. Therefore, his inflated salary was quite justified, looking at his enormous responsibility of leading England to such epic international clashes throughout his eight years with the team. Although he could not manage to win a silverware for the team, he still leaves behind a rich legacy and a formation of an elite team that has tasted success at the highest levels. How much did Gareth Southgate earn as England manager?

commerce and industry ministry is finalising two cabinet notes for the clean economy and fair economy pillars of the Indo-Pacific Economic Framework (IPEF) as the inter-ministerial discussions are almost complete. The IPEF is structured around four pillars-trade, supply chains, clean economy and fair economy. India has joined all the pillars except the one on trade. «We are working on the cabinet notes and the inter-ministerial consultations are almost done. There were some concerns but broadly everyone is on board,» said an official. Last year, the 14 IPEF nations inked a supply chain resilience agreement to reduce dependence on China, and shifting production of critical sectors and key goods to member countries. Pillar III (clean economy) focuses on environmental issues, how to mitigate greenhouse gas emissions in various industries, carbon capture utilisation and storage, and collaborative financing mechanisms to facilitate trading and reduce barriers for low-carbon projects.

'Shogun' surprised everyone when it received as many as 25 nominations, including acting nods for Hiroyuki Sanada and Anna Sawai. With 23 nominations, 'The Bear' followed it. It stars Jeremy Allen White, Ayo Edebiri, Ebon Moss-Bachrach, Lionel Boyce and Liza Colón-Zayas and all of them have received acting nods. Other series in the top list are 'Only Murders in the Building' (21), 'True Detective: Night Country' (19) and 'The Crown' (18). The nominations for the 2024 Emmys Awards were announced Wednesday morning. It is important to note that Hollywood witnessed strikes by SAG-AFTRA and WGA in 2023.

Labour Party government promised to calm the country's febrile politics and ease its cost-of-living crisis as it set out its plans for "national renewal" at the grand State Opening of Parliament on Wednesday. Stabilising public finances and spurring economic growth were at the centre of Prime Minister Keir Starmer's legislative agenda, announced in a speech written by government officials and delivered by King Charles III. «My government will seek a new partnership with both business and working people and help the country move on from the recent cost of living challenges by prioritizing wealth creation for all communities,» the king said in a speech to hundreds of lawmakers and members of the House of Lords. Charles traveled from Buckingham Palace to Parliament in a horse-drawn carriage — past a small group of anti-monarchy protesters with signs reading 'Down with the Crown' — before donning ceremonial robes and the Imperial State Crown to deliver his speech.

Munich's first alcohol-free biergarten. Yes, you heard that right. A beer garden without the beer.

Mark Holland slammed the regulations, stating they were not “thought through well.”Canada was “surprised and blindsided” by the U.S. announcement of new regulations, Holland said while speaking to the media on Wednesday. The rules state that dogs entering the U.S.

Revanth Reddy on Wednesday said his government would waive crop loans of up to Rs one lakh on July 18 as per his government's promise. Speaking at a meeting of ruling Congress MLAs, MLCs and MPs and other leaders here, he said that as part of the state government's Rs two lakh farm loan waiver promise, money would be credited to farmers' accounts in phases, based on the loan amount. On Thursday, Rs 7,000 crore in total would be credited to the accounts of farmers whose loans of up to Rs one lakh are being waived, the CM said, adding that crop loans of up to Rs 1.5 lakh would be waived by the end of July, and the loan waiver process would be completed in August when loans of up to Rs two lakh are dispensed with. The Congress government's objective is to free every farmer from the burden of loans, Revanth Reddy said. He said his government is «not tricking ryots» in the name of loan waiver «the way the previous BRS government of K Chandrasekhar Rao did».

Small-scale fisher organisations from India, Indonesia, Bangladesh, Ecuador, and Gambia have asked fisheries subsidies negotiations to be kept out of the World Trade Organization (WTO) and said that the ongoing negotiations on curbing overcapacity and overfishing (OCOF) subsidies are “unfair and unbalanced”. They said that the exemptions for small-scale fishers across developing countries is being restricted by imposing irrational conditionalities. The World Forum of Fisher Peoples and World Forum of Fish Harvesters and Fish Workers have raised concerns at the negotiations which seek disciplines on subsidies such as those for construction, acquisition and modernisation of vessels.

Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. The minister proposed this collaboration during the G7 Trade Ministers' meeting at Reggio Calabria, Italy. He also highlighted the importance of analyzing global supply chains' robustness in times of crisis like pandemic, Ukraine-Russia conflict, and Red Sea crisis. Goyal said that efforts are on in various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs (global value chains), the 14 Member IPEF (Indo-Pacific Economic Framework for Prosperity) association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC (trade and technology council).

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. In the last decade, India’s gross domestic product (GDP) has nearly doubled to $3.5 trillion, showcasing our resilience as one of the world’s fastest-growing major economies. As we envision Viksit Bharat by 2047, increasing our economic growth from 8% to 12% could transform India into a $50 trillion economy. The global landscape is witnessing rapid technological advancements, particularly in artificial intelligence (AI) and new energy.

You may be surprised to learn that the wife of “hillbilly" J.D. Vance is the daughter of Indian immigrants. Usha Vance (née Chilukuri, a name with origins in the south Indian state of Andhra Pradesh) grew up in San Diego.