Country Financial News

Cuba on Tuesday, in a move designed to boost private businesses on the island. The measures will allow independent entrepreneurs to open and access U.S. bank accounts online to support their businesses.

Kate Middleton was spotted multiple times with her family this week. The developments sighed relief to her well-wishers, who were very concerned about her health after the cancer diagnosis, especially after King Charles was also diagnosed with cancer. The reports suggest that Kate Middleton is still not back to her official duties and may take this full year to recoup from health issues.

There has been a lot of talk lately about Canada’s dismal growth, but now a new report warns that we could be stuck in it for another two decades.

Hindustan Times reported on Tuesday.Responding to queries in Parliament by Indo-Canadian MP Arpan Khanna, Immigration Minister Marc Miller clarified, “I have never said such certificates are required for temporary residents,’ the daily reported.The Canadian immigration minister indicated that verification is done mainly through biometric data, such as fingerprints, which are cross-checked on law enforcement databases internationally. As for the police certificates from the country of origin, the HT quoted Miller as saying, “We do not, as a routine matter, require them for temporary residents."However, police certificates from abroad may occasionally be requested on a case-by-case basis if further scrutiny is necessary.“They may be required if an officer decides to do so as part of a cascading security screening," he added later.The minister's clarification comes amid debates about security checks for temporary residents, including international students, following recent criminal cases involving past visitors.It is important to note that at least two of the four persons arrested in relation to the killing of pro-Khalistan terrorist Hardeep Singh Nijjar had reached Canada in that category.

T-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry

Russia and Uzbekistan have signed an accord for Moscow to build a small nuclear power plant in the Central Asian country

fatality this year; as the Everest mountaineering season nears its end, the figure is lower than the previous few years. Last year was the deadliest season for the mountaineers at the world's highest peak, and 18 fatalities were recorded in 2023.

ALSO READ: IMD issues red alert for Arunachal, CM requests people to be cautiousSome relief from the scorching heat is expected after three days due to a western disturbance, it added.IMD Scientist Dr Naresh Kumar said: “It is now the second week since the heat wave to severe heat wave persisted in North-West India. The temperature exceeded 47 degrees Celsius. We had issued a Red Alert.

BJP and Prime Minister Narendra Modi, Congress leader Rahul Gandhi declared that the BJP's reign will end on June 4, ushering in a return to prosperity for the nation. Addressing a rally, Rahul emphasized that only seven days remain for the 'fake fakir' who deceives the public. «After June 4, it's Goodbye BJP, Goodbye Narendra Modi. Only 7 days left for the fake fakir who deceives the public. INDIA is garnering votes — Khata Khat Khata Khat! The country will break free from the BJP; better days are on the horizon — Fata Fat, Fata Fat,» Rahul asserted. Rahul also criticized Modi for his 'sent by God' remark. Responding to Modi's recent assertion of feeling «sent by God,» Rahul Gandhi taunted the PM, suggesting, «God sent Modi to aid Adani, not the impoverished.» He further asserted that the INDIA bloc will reinvigorate the economy upon assuming power.

Delhi court on Tuesday refused to summon Chief Minister Arvind Kejriwal in a criminal complaint filed by a BJP leader who accused him of defamation for claiming that AAP leaders were approached to join the saffron party in return for cash. Additional Chief Metropolitan Magistrate Tanya Bamniyal, however, summoned AAP leader Atishi, saying «prima facie» there was sufficient evidence against her in the matter. The judge directed Atishi, a minister in the Kejriwal cabinet, to appear before the court on June 29. BJP leader Praveen Shankar Kapoor had filed a case against Kejriwal and Atishi over poaching allegations made by the two.

Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are «not pivoted to the poor». Chidambaram said an egalitarian society can be created only if the schemes and policies are oriented towards the poor. The former union minister was speaking on the topic 'Inclusive Growth: Myth and Reality' at the M P Veerendra Kumar Commemorative event organised by the RJD here. He said, «Unless we understand the economic and social hierarchies that mirror each other, and reorient our policies towards the bottom, especially the SCs, STs and other depressed sections, it will not be possible to call us an egalitarian society». He pointed out that the present society is not equal or reasonably equal, fair or just. «Not that it can never be. You can build an egalitarian society. Purely capitalist and rich countries have built egalitarian societies,» he said.

commerce ministry held deliberations with experts, former officers and senior officials from different departments on framing a standard operating procedure for free trade pacts and other related issues under these agreements, an official release said on Tuesday. The commerce ministry in the release stated that the 'Chintan Shivir' was organised on May 16-17 at Neemrana, Rajasthan. «The Shivir facilitated discussions on various issues related to negotiations of Free Trade Agreements (FTAs) by India, its position and strategy that should be adopted for such negotiations,» the ministry said. The participants also deliberated on standard operating procedures (SoP) for FTA negotiations, capacity building and resource management for trade negotiations as well as certain contemporary issues under modern FTAs such as labour, environment, and gender.

Rouse Avenue Court on Tuesday summoned Aam Aadmi Party (AAP) leader Atishi Marlena in a defamation suit filed by Bharatiya Janata Party (BJP) leader Praveen Shankar Kapoor. The court has asked the Delhi Minister to appear before it on June 29 in a suit which alleged that Delhi CM Arvind Kejriwal and Atishi have accused the saffron party of attempting to lure AAP MLAS and bribe them to switch parties are unfounded and defamatory. The court has, however, refused to summon Arvind Kejriwal.

Canada’s standard of living is in decline, both in absolute terms and compared to our southern neighbour and other wealthy countries. A Fraser Institute analysis shows that real GDP per capita was lower during the pre-recession period 2016-19 than in any similar period since 1985. As of the last quarter of 2023 it was below its value for 2019:Q2. It’s no surprise that 44 per cent of Canadians now say money is their leading source of stress.

night-time warming in over 140 prominent Indian cities compared to non-urban areas surrounding them, a new research from the Indian Institute of Technology Bhubaneswar has found. According to the research, Ahmedabad, Jaipur and Rajkot had the highest urban effect, while Delhi-NCR and Pune were found to be at the fourth and fifth position, respectively. Urbanisation is known to be responsible for the urban heat island (UHI) effect, in which the concrete and asphalt (used in constructing roads and pavements) surfaces store heat during the day and release it in the evening, thereby raising night-time temperatures. Over time, this heat further affects other aspects of climate, including rainfall and pollution, researchers said in the study published in the journal Nature Cities.

Thapar Institute of Engineering and Technology (TIET) on Tuesday said it will soon submit a proposal to Indian Space Research Organisation (Isro) for launching of its first student satellite 'Thaparsat' to monitor pollution in north India. The Thapar satellite program aims to monitor environment issues and real-time pollution levels in Punjab and the northern region of India, a statement said. Taking a step towards imparting experiential education to its students in engineering and technological development involved in satellite building and space missions, the Thapar Institute of Engineering and Technology started the Thapar Satellite Program four years ago, it stated. The purpose of the satellite is to monitor real-time pollution caused by greenhouse gases like carbon dioxide, methane and nitrous oxide and to measure soil moisture content in northern India.

DK Joshi, Chief Economist, CRISIL, says what is currently playing out is that when the households put money in financial assets, they are moving a little away from the bank deposits towards higher paying assets like mutual funds or stocks or for that matter they could be acquiring more gold right now, and so there is that change of preference taking place towards financial assets that offer you higher returns that could even be small savings. You have come out with a note where you have made some observations regarding the citizens and the country's working class and their savings versus borrowing behaviour. What is a bit surprising and I would say a bit worrying also is that the borrowing growth rate is way higher than savings growth rate. Is it a worrying trend? DK Joshi: What happened since the pandemic struck is that during the pandemic we had no option to consume, so we were saving. After that, savings slowed down a bit and consumption picked up. That was the broad trend. But coming to the savings part, there are two things happening.

Papua New Guinea in the wake of a devastating landslide on the Pacific island nation, as per a release from the Ministry of External Affairs on May 28.This comes after a massive landslide occurred on May 24 in Enga Province, Papua New Guinea, which buried hundreds of people and caused major destruction and loss of life.Also Read | South Africa following up with India after Gupta brothers arrests — Why are they in jail and what are the cases?"​As a close friend and partner under the Forum for India-Pacific Islands Cooperation (FIPIC) and as a gesture of solidarity with the friendly people of Papua New Guinea, the Government of India extends an immediate relief assistance of $1 million to support relief, rehabilitation and reconstruction efforts," the statement read."India has firmly stood by Papua New Guinea during times of difficulty and devastation caused by natural disasters, as in the wake of the earthquake in 2018 and volcanic eruptions in 2019 and 2023.

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

tribal population was decreasing in the Santhal Parganas because of infiltration, Prime Minister Narendra Modi on Tuesday accused the JMM-led ruling alliance in Jharkhand of «patronising» infiltrators, who he said were grabbing land and putting women at risk. Addressing an election rally in Dumka, he alleged that the JMM and Congress were indulging in «rampant loot» and vowed that action against corruption would be intensified in the country after June 4. «A big crisis looms over Jharkhand and that is infiltration. The Santhal Parganas is facing the challenge of infiltration. In many areas, the population of tribals is declining fast and the number of infiltrators is on the rise. The infiltrators are grabbing tribal lands. Tribal daughters are the target of infiltrators. Their security and safety are at risk. Their lives are also at risk,» he said. Apparently referring to two incidents that happened in 2022, Modi said, «Tribal daughters are being chopped into 50 pieces… Being burnt alive… Someone's tongue was pulled out. Who are these people who are targeting tribal daughters? Why is the JMM government patronising them?»

Nigeria’s government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems