Country Financial News

Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time to cut interest rates.

which looks at housing trends across the country, found that it has never been as expensive to own a home anytime, anywhere in Canada as it was in Vancouver in the last quarter of 2023.The report stated that Vancouver is in a “full-blown crisis.”“At a staggering 106.4 per cent, the share of a median income needed to cover ownership costs means that only a select few high-income earners can afford to buy—or that considerable wealth must be amassed (or received) to put down towards a purchase,” the report states.“This significantly narrows the potential pool of buyers in the market, keeping activity soft and prices flat recently.

Lok Sabha elections 2024 that are scheduled to take place in seven phases beginning from April 19. He Vallabh tendered his resignation from the party earlier today, saying he has not been able to “raise anti-Sanatana slogans or abuse the wealth creators". Resigning from the primary membership of the Congress, Gourav Vallabh said he does not feel comfortable with the “direction" the party is moving forward.

powerful 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, killing nine people and injuring more than 1,000. The island plays an outsized role in the global chip supply chain as it is home to the world's largest chipmaker, Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia.

Lok Sabha Elections 2024 LIVE Updates: The Cooch Behar constituency is gearing up for a fiery Lok Sabha campaign on Thursday, with back-to-back rallies by PM Modi Modi and Chief Minister Mamata Banerjee. Prime Minister Narendra Modi will address a public rally in West Bengal's Cooch Behar as a part of BJP's Lok Sabha campaign today. Soon after, Bengal CM Mamata Banerjee will also campaign for the Trinamool Congress in the Mathabhanga area of Cooch Behar district.

United States and its Western allies are feuding with Russia over its diamond production, but they joined forces Wednesday to keep supporting the Kimberley Process, which aims to eliminate the trade in "blood diamonds" that helped fuel devastating conflicts in Africa. At a U.N. General Assembly meeting, its 193 member nations adopted a resolution by consensus recognizing that the Kimberley Process, which certifies rough diamond exports, «contributes to the prevention of conflicts fueled by diamonds» and helps the Security Council implement sanctions on the trade in conflict diamonds.

recycling lithium-ion batteries (LIB) and e-waste using indigenous technology in Uttarakhand. This move aims to enhance circularity and lessen the country's reliance on imported critical mineral resources. Presently, a large portion of LIBs, about 95%, end up in landfills without recycling, while only 5% undergo the process. The lithium-ion battery recycling market is expected to grow significantly, reaching close to $15 billion by 2030, showing a compound annual growth rate of 21.6%. In 2021, the market size was $3.8 billion. Improper disposal of LIBs through landfilling and incineration poses environmental and health risks. Effective recycling will not only provide secondary raw materials for cell manufacturing domestically but also help in averting health hazards. Moreover, e-waste poses a substantial challenge, with approximately 78% of it not being collected in India. This results in valuable secondary raw materials like gold, silver, copper, and rare earth elements being left in dump yards or landfills. India is currently the third-largest generator of e-waste globally.

₹931.50. In the past 1 day, the Mentha oil rate on MCX has decline 0.18% from ₹938.00 to ₹931.50.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

Vodafone Idea will on 6 April consider issuing equity or convertible securities of up to ₹2,075 crore on a preferential basis to one or more promoter group entities, the company told BSE in a notice late Wednesday. This follows shareholder approval of the third largest carrier's proposal to raise ₹20,000 crore from issuing securities. Vodafone Idea’s board had approved a ₹45,000-crore fundraising initiative, including the ₹20,000-crore equity-based capital infusion from existing investors, on 27 February.

₹20.2 trillion, up 11.7%. Last fiscal year’s monthly average GST mop-up was ₹1.68 trillion, up from ₹1.5 trillion the year before. It seems we can finally close the long chapter of shortfall-compensation for states after the mid-2017 switchover to GST from multiple central and state taxes that got subsumed by this uniform levy across the country.

heatwave conditions across various states including Arunachal Pradesh, Jammu and Kashmir, Odisha, West Bengal, Andhra Pradesh, Punjab, and others for the next five days. “Enhanced rainfall/thunderstorm activity likely to continue over Northeast India till 07th April, 2024.

Taiwan's biggest earthquake in at least 25 years is likely to tighten supply of tech components such as display panels and semiconductors, analysts said, as manufacturers in the global tech powerhouse restore operations at affected facilities. The powerful 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, killing nine people and injuring more than 1,000.

Oil prices rose in early Asian trade on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer. Brent futures for June rose 15 cents, or 0.2%, to settle at $89.51 a barrel at 0037 GMT. U.S. West Texas Intermediate (WTI) futures for May rose 15 cents, or 0.2%, to $85.59 a barrel.

Apple services including its App Store, video and music streaming platforms Apple TV+ and Apple Music, were resolved after outages that affected users across multiple regions, the company's website showed. Issues were also reported on Apple's fitness service Apple Fitness+, as well as Arcade, Audiobooks, Books and Podcasts, according to Apple's system status pages for several countries reviewed by Reuters.

Canadians aren’t likely to see gas cost less than a dollar a litre in the future, according to a price-monitoring company.

The film imagines a Civil War-like scenario which is impending upon the US and stars the very popular Kirsten Dunst as an agile journalist who is working on reports around a devastated and broken country, at the bring of another war. The story follows a three-term US President fighting off forces from California and Texas who are allies in the political spectrum, while the Federal Bureau of Investigation (FBI), which is one of the biggest federal agencies of the US has been disbanded. Meanwhile, there are cases of drone strikes on American citizens, leading to heightened chaos. According to Hollywood Reporter, it is the President, played by Nick Offerman, who has ordered these drone strikes, in an attempt to become a three-term President.

Rahul Gandhi on Wednesday filed his nomination papers from Wayanad in Kerala that he currently represents and said the upcoming Lok Sabha election «is a fight for democracy and the Constitution of India». His sister Priyanka Gandhi Vadra and other state leaders accompanied Gandhi for filing of the nomination and later the roadshow, displaying a major show of strength by the local Congress unit and its ally Indian Union Muslim League. Gandhi won Wayanad, considered among the safest constituencies for the party, in 2019 with a majority of over four lakh votes even as he lost from his traditional Amethi seat in Uttar Pradesh. Gandhi's main rival in the seat, Annie Raja of CPI, also filed her nomination, and she alleged that the Congress leader had neglected his constituency in the last five years.

Green hydrogen (GH2) and green ammonia segments are estimated to drive investments of $125 billion (about ₹10.43 lakh crore) in India by 2030, according to a report by investment banking firm Avendus Capital. The report, titled 'Green Hydrogen, The Next Frontier In Energy Transition', said the growth would be driven by an increasing focus on sustainability, demonstrated commercial viability, ever-expanding use cases and a strong regulatory push. GH2 is made by electrolysis of water, using power from renewable energy sources. It does not emit any greenhouse gases. Efforts are on globally to make green hydrogen the fuel that can help countries attain their net-zero emission targets.

Mumbai: Homegrown Care Ratings Ltd plans to start its sovereign debt ratings service with countries in Asia and Africa, followed by Europe in the long term, a top executive said. The agency, which is creating a subsidiary in GIFT City for the purpose, will start with countries where it already has some presence, such as Nepal, Mauritius and South Africa. The board of Care Ratings last month approved setting up CareEdge Global IFSC Ltd for the purpose, managing director and group chief executive of CareEdge—a group level brand identity—Mehul Pandya said in an interview.

Every year, the World Happiness Report ranks countries in terms of happiness by calculating their happiness scores. The six key variables that make up this index are GDP per capita, social support, healthy life expectancy, freedom, generosity and lack of corruption. These are mostly calculated on the basis of individual self-assessments.

sugar consumption. The harmful link between disease and dietary sugar was recently outlined in a comprehensive assessment of published studies. Recognising this link between widely consumed food and disease is essential in marshalling forces to change harmful outcomes. These include coronary heart disease, obesity, type 2 diabetes, tooth decay and some cancers. For over a decade, my research has focused on the mechanisms by which fructose intake plays into disease. A growing number of African countries have joined the worldwide efforts to reduce sugar intake. For instance, in an attempt to address obesity, diabetes and other non-communicable diseases, South Africa introduced a tax on sugar-sweetened drinks in 2018.