Country Financial News

María de los Ángeles Pozo used to get a little notebook laying out her family’s rations in Cuba’s subsidized neighborhood stores

Senior doctors at dozens of hospitals in South Korea plan to submit their resignations in support of medical interns and residents who have been on a strike over the government’s push to sharply increase medical school admissions

Instagram has started an automatic clamp down on the amount of political content appearing in its users’ feeds, but there is a relatively quick and easy way to turn off the controls if you don’t want to keep the limitations place

In recent years, India has risen to a position where it boasts the world's largest overseas diaspora, comprising approximately 32 million NRIs and OCIs. Among the diverse Indian NRI community, the Gulf countries remain the most concentrated, followed by countries like Singapore, the US, Canada, and the UK. As a significant number of NRIs move abroad in pursuit of better job opportunities and education, it's crucial to understand that they are taxed in India based on income generated within the country.

Pakistan's newly appointed Foreign Minister Ishaq Dar, in a recent press conference in London, conveyed the government's «serious intent» to reassess trade relations with India. This statement marks a significant departure in diplomatic stance since August 2019.

trade agreements (FTAs) with the UK and Oman are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments. Further talks between India and Australia to expand the scope of existing economic cooperation and trade agreement (ECTA) for a comprehensive economic cooperation agreement (CECA) are also progressing at a healthy rate. The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.

colors, is celebrated across India, marking the arrival of spring with joyous fervor. It is more than just a festival; it is a celebration of traditions and beliefs deeply rooted in the country's culture. Holika Dahan Tradition in Kokapur Village, Rajasthan One such tradition is observed in Kokapur village of Dungarpur district in Rajasthan. After the Holika Dahan ceremony, villagers walk barefoot on embers, a practice they have upheld for generations. This ritual, believed to bring health, prosperity, and the fulfillment of wishes, continues to be a significant part of their celebration.

China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains. «China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China with confidence and peace of mind,» Vice Commerce Minister Guo Tingting said at the China Development Forum in Beijing. Guo did not give details about how China would guarantee «national treatment», or the equal treatment of locals and foreigners as per World Trade Organization (WTO) principles.

External Affairs Minister S. Jaishankar emphasized the enduringly positive relationship between India and Russia, highlighting that both nations have consistently prioritized each other's interests. “I will ask myself...Has Russia helped us or harmed us?...

Former Maldivian President Ibrahim Mohamed Solih has urged President Dr. Mohamed Muizzu to abandon his obstinacy and engage in dialogue with neighboring countries to address the nation's financial woes, according to news portal adhadhu.com. Solih made these remarks during a rally in Male' organized to garner support for Maldivian Democratic Party (MDP) ahead of parliamentary elections. At the gathering, Solih highlighted media reports suggesting Muizzu's interest in discussing debt restructuring with India. However, Solih argued that Maldives' financial challenges stem primarily from debts owed to China rather than India. He emphasized that Maldives owes China more than two times the debt as compared to India. Expressing confidence in the willingness of neighboring and Islamic countries from the Middle East to assist Maldives, Solih emphasized the necessity of abandoning stubbornness and embracing dialogue. He criticized the current government's actions, sarcastically remarking on the limited assistance received from the Middle East, citing only 50 tons of dates.

South Korea said they will cut back on the hours they spend in practice starting on Monday to support trainee doctors on strike for more than a month over a government plan to boost medical school admissions. «It is clear that increasing medical school admissions will not only ruin medical school education but cause our country's healthcare system to collapse,» Kim Chang-soo, the president of the Medical Professors Association of Korea, told reporters.

Methodology note: The tracker is a monthly summary of economic activity across nine large emerging markets based on seven high-frequency indicators: real GDP growth, manufacturing PMI, export growth, retail inflation, import cover, exchange rate movement, and stock market capitalization. Latest available data is used. On each indicator, the best-performing economy gets a score of 100, the worst one gets zero, and the others get linearly-interpolated relative scores. A country's composite index score is the simple average of its seven indicator scores. Earlier, the tracker had a 10th country, Russia, but it has been dropped temporarily as some data has not been reliably available since the Ukraine war began.

Elon Musk’s long courtship of Indian officialdom may have finally paid off. Prime Minister Narendra Modi wanted him to open one of his Tesla “gigafactories” in the country, as part of its efforts to expand its long-moribund manufacturing sector; Musk, meanwhile, wanted India to address tariffs on electric vehicle imports that rendered foreign-made Teslas uncompetitive. On March 15, the government announced a new scheme to promote investment in EVs. Any company willing to invest $500 million in a new manufacturing facility that begins production in three years (and with at least a quarter of its components added locally, to begin with) will also be allowed to import 8,000 high-end vehicles a year at a lower tariff of 15%. It’s generally assumed that this quid pro quo will be enough to get Musk — and, hopefully, one or two other companies, like Vietnam’s Vinfast Auto Ltd. — to bite. Certainly, the EV producers that currently dominate the Indian market are already bracing for competition. On the one hand, this looks like business as usual. Officials have made a habit of using the supposed potential of the domestic market as an inducement for foreign investors. The stick of high tariffs together with the carrot of possible consumer demand growth should be enough to lure in people like Musk, they think.

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.

Noted archaeologist KK Muhammed on Sunday claimed the contentious Bhojshala/Kamal Maula Mosque complex in Madhya Pradesh's Dhar district was a Saraswati temple and later converted into an Islamic place of worship. He stressed that Hindus and Muslims should abide by the court's decision and honour the Places of Worship Act, 1991, apart from sitting together to iron out differences over such places. Muslims should also respect the sentiments of Hindus over Mathura and Kashi, he said. Following directives from the Madhya Pradesh High Court, the Archaeological Survey of India (ASI) is carrying out the survey of the disputed Bhojshala complex in MP's tribal-dominated district.

Mohamed Muizzu to engage in dialogue with neighbouring countries to tackle the nation's financial challenges, PTI reported. Solih's remarks come in response to recent calls from President Muizzu, known for his pro-China stance, urging India to provide debt relief to the Maldives. Speaking at an event in Male', Solih emphasised the importance of dialogue and cooperation in overcoming the economic hurdles facing the nation.

In the summer of the year 416 BCE, an Athenian naval fleet turned up on the island of Melos and demanded that its population submit to slavery. The Melians argued that since they had refused to side with Sparta—Athens’ main adversary in the ongoing conflict —and instead wished to remain neutral, it would only be right for the big powers to leave them alone.

Top Events on March 25: Amid Holi festivities today, India is all set to witness significant political events on Monday. These events include the BJP-IPFT meet in Tripura, Delhi metro services to begin after 2.30 pm and more. Stay tuned as we bring you comprehensive coverage of these unfolding events.

At least 133 people were killed and scores injured in a terror attack in Moscow late on Friday. Four men opened fire indiscriminately in a concert hall, setting a part of it on fire.

Pinarayi Vijayan on Sunday said the electoral bonds scam is the biggest corruption ever witnessed in India and added the BJP government at the Centre arrested his Delhi counterpart Arvind Kejriwal to divert attention from the same. Addressing the third consecutive rally organised here by the CPI(M) against the contentious Citizenship (Amendment) Act (CAA), Vijayan alleged the BJP-led Central government and the Sangh Parivar give scant regard to the rule of the law in the country. He alleged that the Sangh Parivar was trying to take control of the Constitutional institutions and even threatening the country's judiciary. «The Union government, BJP, Sangh Parivar, they all very well know that the Supreme Court order on the electoral bond scam was harmful to them. They wanted to divert the attention from this topic and for that they have arrested Delhi CM Arvind Kejriwal,» Vijayan said.

France's government increased its security alert posture to the highest level Sunday after the deadly attack at a Russian concert hall and the Islamic State's claim of responsibility. French Prime Minister Gabriel Attal announced the decision in a post on X, saying authorities were «taking into account the Islamic State's claim of responsibility for the (Moscow) attack and the threats weighing on our country.» The announcement came after Presiden t Emmanuel Macron held an emergency security meeting prompted by Friday's attack in a Moscow suburb that killed more than 130 people. The attack was claimed by an affiliate of the Islamic State group. France has repeatedly been hit by deadly Islamic State attacks, including the Bataclan theater massacre in 2015 in which extremists opened fire on concert-goers and held hostages for hours. French troops have also fought against Islamic extremists in the Middle East and Africa.