Country Financial News

10.01 / 08:03

Provident Bill Trade country cover electronic information EU moving towards paperless customs system from June; Indian exporters must prepare to comply

EU norms as the European Union is moving towards a paperless customs process from June 3 this year. The development assumes significance for domestic exporters as the European Union (EU) accounts for about 17 per cent of India's total merchandise exports. In 2022-23, India exported goods worth USD 75 billion to EU as against the country's total exports of USD 451 billion in that financial year.

10.01 / 07:58

COST UPS economy Trade country reports 2024 end Global economy will rack up a sorry record by the end of 2024: World Bank report

World Bank’s latest Global Economic Prospects report. “Without a major course correction, the 2020s will go down as a decade of wasted opportunity," said Indermit Gill, the World Bank Group’s Chief Economist and Senior Vice President. “Near-term growth will remain weak, leaving many developing countries—especially the poorest—stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of every three people.

10.01 / 07:31

War Justice country prevention Courts International Israel taps top legal minds, including a Holocaust survivor, to battle genocide claim at world court

Israel is sending top legal minds, including a Holocaust survivor, to The Hague this week to counter allegations that it is committing genocide against Palestinians in Gaza. The robust engagement with the International Court of Justice is unusual for Israel, which normally considers the United Nations and international tribunals as unfair and biased. The decision to participate rather than boycott reflects Israeli concerns that the judges could order Israel to halt its war against Hamas and tarnish its image internationally.

10.01 / 07:28

Citi Cooper Aviat Manufacturing Research country medicines India-Russia defence coop remains unprecedented with full transfer of tech: Denis Alipov

Alipov has claimed that the scope of extensive cooperation in defence remains unprecedented– offering a wide range of combat-tested military hardware and a full transfer of technology. “we are working on joint development and manufacturing of the most sophisticated systems, ensuring a significant contribution to the “Make in India” and “Self-reliant India” initiatives,” Alipov said at a session earlier this week in New Delhi at VIF-Valdai Club.

10.01 / 07:19

Action security Election President country song International Beijing will 'never compromise' on Taiwan: Chinese military tells US

Beijing will «never compromise» on the issue of Taiwan and urged them to stop «provocative actions» in the South China Sea, the defence ministry said Wednesday. China «stressed that it will never compromise or back down on the Taiwan issue,» the ministry said in a readout of the talks in Washington, held Monday and Tuesday, urging the United States to «stop arming» the self-ruled island, which is holding elections this week.

10.01 / 07:02

Booking Aware Racing awards President stage country L&T’s Algeria project derailed after BRICS ‘snub’

NEW DELHI : A failed bid by Algeria to join the Brics grouping has impacted a $1.5 billion oil and gas project between the country’s state-run Sonatrach and Indian conglomerate Larsen & Toubro Ltd, three people aware of the development said. Despite the engineering multinational in a favourable position to bag the contract, the award did not go through and the tender was cancelled.

10.01 / 07:01

UPS Citi Target Enterprise country International Centre ONGC Videsh sets up global treasury centre at GIFT City

NEW DELHI : ONGC Videsh Ltd has incorporated a wholly owned subsidiary called OVL Overseas IFSC Ltd in Gujarat’s GIFT City that will function as a treasury hub catering to OVL and its 25 subsidiaries, including step-down subsidiaries, across 15 countries. “... OOIL expects to efficiently consolidate funds available with the group in various countries and raise additional funds needed to achieve the ambitious target of producing 40 million metric tonnes oil and oil equivalent (MMToe) by 2040 from overseas assets," ONGC Videsh said in a statement on Wednesday.

10.01 / 06:55

MET FIVE Highways country reports Investigations Calif. police seek help to identify B.C.-born serial killer’s last unknown victim

For five years in the early 1990s, Keith Jesperson, a B.C.-born long-haul trucker, crisscrossed the western United States in his truck, killing women he met along the way.

10.01 / 04:27

markets CEO President MakeMyTrip country information surges chess India-Maldives row: Anand Mahindra hails ‘masterful move in political Chess game’ as ‘interest in Lakshadweep’ surges

India-Maldives row: Anand Mahindra, CEO pf Mahindra group, has highlighted the sudden surge of interest in Lakshadweep tourism amid the row between India and Maldives, calling it a “masterful move in a political Chess game". Anand Mahindra took to microblogging site X and shared that he had received an article by Bloomberg from his ‘Business partner in New York’. The Bloomberg article is titled-- Why Indians Are Threatening to Boycott the Maldives.

10.01 / 04:13

Booking CEO Remark President country travelers Features ‘Tourism stands as…’ Maldives tour and travel body urges EaseMyTrip CEO to resume flight bookings, extends apology

The Maldives Association of Tourism Industry (MATI) also came in support of India and ‘strongly condemned’ the derogatory remarks made by the ministers on PM Modi's post on Lakshadweep. Meanwhile, on Tuesday, Maldivian President Mohamed Muizzu urged China to intensify efforts to send more tourists to his country amid the India-Maldives row.

10.01 / 04:11

Parke President Diversity country Traffic Updates International Vibrant Gujarat Summit: Traffic diversions, ‘no parking zones’ enforced in Gandhinagar until January 13

Vibrant Gujarat Summit LIVE Updates The Vibrant Gujarat Summit, which will witness an assembly of global leaders, including presidents, prime ministers and governors of various countries, will also see PM Narendra Modi leading the programme as the key speaker during the inaugural ceremony. The event will mark the beginning of the Vibrant Gujarat Global Summit, rolling out the carpet for constructive dialogues, investments and collaborations with the international businesses.

10.01 / 02:54

economy BURST Nikkei show performer country travelers surges Japan’s Nikkei 225 surges to 34-year high as BOJ pivot bets fade

Investing.com-- Japan’s Nikkei 225 stock index rose sharply on Wednesday, reaching levels seen before the burst of a speculative bubble in the 1990s as investors bet on a delay in the Bank of Japan’s plans to end its ultra-loose policies.

10.01 / 02:54

Waters Extreme Duke Edison country cover Massive winter storm batters US, knocks out power ahead of brutal freeze

By Scott DiSavino

10.01 / 02:48

markets Remark President country reports Videos India-Maldives row: ‘China one of our best allies’, Maldives President Muizzu urges Beijing to send more tourists

India-Maldives row that caused the cancellation of reservations by Indian tourists after a diplomatic row erupted over the derogatory remarks against Prime Minister Narendra Modi. Addressing the Maldives Business Forum in Fujian Province on the second day of his five-day visit to China, Muizzu termed China as the island nation's “closest" ally. “China remains one of our closest allies and development partners." He praised the Belt and Road Initiative (BRI) projects launched by Chinese President Xi Jinping in 2014, saying that they "delivered the most significant infrastructure projects witnessed in Maldivian history", according to his speech.

10.01 / 02:45

markets UPS IPO Remark community country Phiroz Vandrevala, former TCS executive director, dies at 70

Executive Director of the company between 2007-2016. “Over his long tenure in the company, he made many significant contributions, including being part of the efforts to take TCS public in its IPO in 2004, opening up new markets, and mentoring a new generation of TCSers.

10.01 / 02:37

Citi Fighting security War country Videos peace Ecuador narco bosses escape from prison, President Noboa issues order to ‘neutralize’ gangs in war torn country

Daniel Noboa declared the country to be in a state of "internal armed conflict" after gangsters declared "war" in an escalating security crisis sparked by the prison escape Sunday of one of Ecuador's most powerful narco bosses. Long a peaceful haven sandwiched between top cocaine exporters Colombia and Peru, Ecuador has seen violence explode in recent years as enemy gangs with links to Mexican and Colombian cartels vie for control.

10.01 / 02:31

Citi security President country social rock reports Ecuador TV broadcast interrupted by armed men as violence rocks country

A live broadcast by Ecuadorean television station TC was interrupted on Tuesday by armed people, with gunshots and yelling heard on a live feed, as President Daniel Noboa issued a decree declaring 22 gangs as terrorist organizations.

10.01 / 02:02

markets Trade show country 2020 reports fall Indian vs Chinese tourists in Maldives: The rise and fall in last 10 years

mocked Indian Prime Minister Narendra Modi over his Lakshadweep visit. Notably, Indians were only second to Russia in the chart showing tourist arrivals in the Maldives by nationality in January 2023. India was among the largest tourist markets for the Maldives in 2023.

10.01 / 01:49

Citi Man Food Celebrity poverty country folk Argentines ask folk cowboy saint Gauchito Gil to help cope with galloping inflation

Thousands of faithful Argentines flock every year to the northern city of Mercedes to ask folk cowboy saint Gauchito Gil for protection and to thank him for past favors

10.01 / 01:42

CEO President Celebrity country Features Updates PM Modi in Gujarat Live Updates: PM Modi to inaugurate 10th edition of Vibrant Gujarat Summit today

Catch the LIVE Updates on PM Modi's Gujarat visit herePM Modi in Gujarat LIVE: Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan held a bilateral meeting here on Tuesday and hailed the rapidly transforming India-UAE partnership, officials said. Four MoUs were signed between India and the UAE in the presence of the two leaders, including one between the Gujarat government and DP World, a multinational logistics company based in Dubai, they said.

10.01 / 00:03

markets economy pandemic Trade country 2020 shock 2024 Global economy will slow for a third straight year in 2024, World Bank predicts

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

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