Country Financial News

Days after he opened an expansive new retail store in Shanghai and pledged a fresh investment in applied research in the country, Apple Inc. Chief Executive Tim Cook on Sunday gushed, “I love it here, I love the Chinese people.”

SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday.

By Colleen Howe

U.N. humanitarian chief Martin Griffiths is stepping down for health reasons after nearly three years of trying to tackle mounting humanitarian crises in Ukraine, Gaza and Africa, the United Nations announced Monday. U.N. Secretary-General Antonio Guterres praised Griffiths «for his tremendous leadership and service to the United Nations and the humanitarian community in advocating for people affected by crises and mobilizing resources to address their needs,» U.N. deputy spokesman Farhan Haq said.

Oracle and another AI infrastructure company giving in-principle approval to join the network. People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI. The Open Cloud Compute (OCC) project is aiming for an open network where customers can discover the micro data centres, new players can build them, and investors can get on board.

the Global Combat Air Program or GCAP, is based in the U.K. Japan hopes the new plane will offer advanced capabilities Japan needs amid growing tensions in the region, giving it a technological edge against regional rivals China and Russia. Because of its wartime past as aggressor and the devastation that followed its defeat in World War II, Japan adopted a constitution that limits its military to self-defense.

Foreign Affairs Minister Melanie Joly says Canada has airlifted 18 Canadians out of Haiti, as assisted departures began from the Caribbean nation on Monday.

Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is the vindicating result of several powerful forces aligning in bullion’s favor.

On Monday, Morgan Stanley equity strategists raised their rating on the energy sector to Overweight, citing “a combination of inflecting relative earnings revisions, strong breadth and compelling valuation.”

ready-to-eat market in India is likely to grow about 45% over the next five years, making the country a great investment opportunity in the segment, Stanley Goh, CEO of Singaporean airport service provider SATS Food Solutions told ET. «As the SATS solution group, we have always seen India as a culturally diverse market. Indian consumers today are more receptive to higher culinary standards. With the rise in interest in categories like ready-to-eat and ready-to-heat, as well as the convenience segment, we believe there is a huge potential for growth and we can put the decade-long experience we have in the Indian market to good use,» he said. The food and gateway services provider's Indian subsidiary, SATS Food Solutions India, will be employing about 300 people in its newest facility in Bengaluru's Kempegowda International Airport, India CEO Sagar Dighe told ET.

final round of talks on a landmark pandemic accord faces a frantic last push this week, with countries still pulling in different directions on how to handle future global health crises. The last week of negotiations runs until Thursday with nations trying to hammer out an agreement to make sure the world is better prepared to deal with the next pandemic — or better still, stamp it out before it even happens.

Investing.com-- Oil prices settled higher Monday, driven by growing bets on tighter global crude supplies as Russia is reportedly set to cut oil output at a time when Ukraine continues to target the country's refineries. 

An opposition group in Serbia has launched a petition against a real estate development project that would be financed by the firm of Donald Trump’s son-in-law Jared Kushner

The industrial sector is getting $6 billion in federal funding for projects that will slash planet-warming greenhouse gas emissions, the largest-ever U.S. investment to decarbonize domestic industries

These are turbulent times for wind and solar energy

A delegation from Pakistan’s Ministry of Commerce is in Kabul to to meet its counterparts to discuss how to improve trade relations after tensions have risen over cross-border militant attacks

Florida will have one of the country’s most restrictive social media bans for minors — if it withstands expected legal challenges

Farmers are driving dozens of tractors in a slow-motion convoy towards Britain’s Parliament to protest post-Brexit rules and trade deals that they say are endangering livelihoods and food security

Amul parent Gujarat Cooperative Milk Marketing Federation (GCMMF) Monday announced the launch of its four variants of milk in the US market within a week, to cater to the Indian diaspora and Asian population in the country, news agency PTI reported. This will be the first time that the GCMMF will be exporting fresh milk outside the country. GCMMF MD Jayen Mehta told PTI, "We have been exporting dairy products for many decades.

There was a sense the tide had turned when Swiss National Bank surprised markets and cut its interest rate on Thursday — the first of the central banks in the developed world to do so.

Binance's regional manager for Africa, British-Kenyan Nadeem Anjarwalla, was detained alongside colleague Tigran Gambaryan by the Nigerian government in late February.While the two executives were not charged with any crime, the government demanded almost $10 billion in compensation from the cryptocurrency firm, accusing it of manipulated foreign exchange rates through currency speculation and rate-fixing.The central bank governor Olayemi Cardoso said Binance Nigeria had moved $26 billion worth of untraceable funds.A presidential spokesman has now told Bloomberg that Anjarwalla has escaped from the guest house where he was being detained. Amid speculation that he has fled the country, Nigerian is working with Interpol to secure an international arrest warrant for him.A Binanance spokesperson has told CNBC: "We were made aware that Nadeem is no longer in Nigerian custody.