Country Financial News

Alberta has taken its share of knocks lately.

Shein from selling products on its own app as part of a larger crackdown on Chinese apps following escalated border conflicts between the two countries. Now, Shein has found a safe route to India: Mukesh Ambani's Reliance Retail Ventures, which will launch the Chinese fast-fashion label in the coming few weeks, ET has reported based on information from sources. Ambani's company will sell Shein's products on its app as well as offline stores owned and operated by Reliance Retail. It seems a safe India entry for Shein because this time the ownership and control of the platform will remain with Reliance Retail's subsidiary; the platform will be hosted on infrastructure in India; and all platform data will remain in India, which Shein will not have access to, or rights over, ET has reported based on information from sources.

Labour Party headed for a landslide victory Friday in a parliamentary election, an exit poll and partial returns indicated, as voters punished the governing Conservatives after 14 years of economic and political upheaval. As the sun rose, official results showed Labour had 326 of the 650 seats, as vote counting continued. British Prime Minister Rishi Sunak had already acknowledged the defeat and said he called center-left Labour's leader Keir Starmer to congratulate him on becoming the country's next prime minister. Starmer will face a jaded electorate impatient for change against a gloomy backdrop of economic malaise, mounting distrust in institutions and a fraying social fabric.

BCCI cannot prioritise one city over another when it comes to organising important finals, said board's vice-president on Friday in response to Shiv Sena leader Aaditya Thackeray's demand. Following a massive turnout during Indian cricket team's T20 World Cup victory parade on Marine Drive to the Wankhede Stadium, Thackeray had urged BCCI to not «take away» any final match from Mumbai. «Yesterday's celebration in Mumbai is also a strong message to the BCCI… Never take away a World Cup final from Mumbai!,» Thackeray had written on X. «It is BCCI's policy that where the final should take place. It cannot always be given to a particular city,» Shukla told PTI on Friday.

Compared with its economic peers, the United States lacks social safety net programs like sick time, vacation time and health care

Indonesia’s anti-graft court has sentenced a former agriculture minister to 10 years in prison for extortion, abuse of power and bribery involving ministry contracts with private vendors

Kerala and Tamil Nadu are likely to experience the 'kallakkadal' phenomenon — the sudden swell of the seas causing rough waves — and high tides till 11.30 pm on Monday, according to the weather agency. The Indian National Centre for Ocean Information Services (INCOIS) on Sunday sounded an alert to fishermen and coastal residents in the area about the possible sea surge. INCOIS, the central agency that issues weather warnings for fishermen in the country, advised people to safely moor their fishing vessels in the harbour. It advised coastal people, living in accident-prone areas, to relocate to safer places in view of possible danger.

Dogeverse ($DOGEVERSE), the pioneering multichain meme coin, has announced its first centralized exchange (CEX) listing on MEXC, a leading crypto exchange.

Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States

The lack of reliable electricity severely affects education and businesses in Nigeria

kabuli chana from the purview of the stock limit. This move is expected to help importers bring in more Kabuli chana into India ahead of the festival season. Pulses, including kabuli chana, are widely used in snack making and consumed as a source of proteins. An official gazette notification was put out late on Thursday, but it did not mention the reasons behind the exemption given on this particular pulse.

Mint. Last week, Mint reported about the union health ministry's advisory to states to maintain constant vigil over the Zika virus situation in the country. In 2016, the World Health Organisation (WHO) had declared Zika virus as a ‘public health emergency of international concern’ after the outbreak was reported in some South American and Caribbean countries.

Indian Express “ignorance about sleep is quite profound" among athletes. Though both Bindra and Chopra won golds, in an intensely competitive forum where everyone is looking for an edge, “getting optimum sleep and restorative sleep definitely gives them that edge." Sharma is couching this in terms of removing the chance that lack of sleep might cost India a medal. But even those of us not chasing an Olympic medal know a thing or two about poor sleep.

qingzhen. The term is Chinese for “pure and true" and can mean both halal and Islamic (mosques are known as qingzhen temples). Ningxia officials built a halal industrial park with room for hundreds of companies in Wuzhong, a majority-Muslim city of 1.4m people.

Congress on Saturday alleged that Prime Minister Narendra Modi broke all parliamentary norms by accusing the then Rajya Sabha chairman Hamid Ansari of having an «inclination» towards the opposition when the BJP came to power in 2014. In his reply to the Motion of Thanks on the President's address in the Lok Sabha on July 2, Modi said, «No matter how many numbers they claim, when we came in 2014, our strength in the Rajya Sabha was very low, and the Chair's inclination was somewhat on the other side. But we did not waver from our resolve to serve the country with pride.» «I want to tell the people of the country that the decision you have made, the order you have given us to serve, neither Modi nor this government will be afraid of any such obstacles. We will fulfill the resolutions we have set out to achieve,» Modi had said.

LiquiTrade, the operator of the Latoken crypto exchange, has been found guilty of illegally operating an exchange in Canada by a panel established by the British Columbia Securities Commission (BCSC).

Five weeks annual leave is an idea whose time may have come. A decade ago, a Productivity Commission inquiry into Australia's industrial relations system, recommended governments periodically «examine whether there are any grounds for extending the existing 20 days of paid annual leave». Now, with the Shop Distributive and Allied Employees Association pushing for an extra week of annual leave for 1.3 million retail and fast food workers, the issue may be about to get a serious hearing.

«We had, of course, after seeing multiple roadshows, we collected close to about 2,500 crores of AUM, I mean, in excess of 2,400 crores and coming from about 1,20,000 investors and coming from about 13,000 roughly is the pin code, which is nothing but a reflection of the wider participation coming from across the country,» says A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC. I just want to start by understanding a bit about this NFO and the role the entire distribution space has played in its success. What kind of contribution have we seen from digital partners? A Balasubramanian: I think the NFO was a great success.

China's AI sector showed confidence this week at a major fair in Shanghai that it would overcome restrictions imposed by the West, with companies rolling out cutting-edge products developed by a growing pool of young talent. The country's generative AI industry has shown explosive growth, with the United Nations reporting China has in recent years been the top filer of patents for AI software that creates everything from illustrations to computer code.

Narendra Modi has said. In a written message to the Jain International Trade Organisation (JITO) on the seventh foundation day of its incubation innovation fund, Modi said that the kind of optimism and trust being seen worldwide for India is a reflection of the country's strength. «India is a nation of immense possibilities. The participation of our countrymen doing excellent work in various fields and their enthusiasm to develop the country is our biggest strength,» Modi said. The Prime Minister has set a target to make India a developed nation by 2047 with a focus on the use of technology.

Gen Anil Chauhan on Thursday said the form of war is transforming rapidly due to technological advancements and the country's armed forces will have to be ready to accept this change. He made the remarks while addressing a gathering of Army officers, junior commissioned officers (JCOs) and soldiers drawn from 18 Grenadiers to mark 25 years of the battles of Tololing and Tiger Hill fought during the Kargil war in 1999. Tiger Hill top was captured by the Indian Army on July 4, 1999. The 18 Grenadiers battalion played a pivotal role in the Kargil conflict. 'Vijay Diwas' is celebrated on July 26 every year to mark India's victory over Pakistan in the 1999 Kargil war. «People of the country have faith in our capabilities and due to that, we have this immense prestige. The legacy that has been bequeathed to you has been earned by our ancestors. We may not have made a direct contribution but we are reaping its fruits,» Gen Chauhan told the gathering.