Country Financial News

In a bid to improve working conditions for people who deliver food and offer rides through smartphone apps, the European Union gave provisional approval to new rules for gig economy workers

Argentines are facing uncertainty and concerns after President Javier Milei’s government announced economic shock measures aimed at tackling the country severe crisis

The European Central Bank has decided to keep its key interest rate at a record high

The Bank of England has kept borrowing rates unchanged despite mounting worries over the state of the British economy

The World Bank is forecasting that China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year

Apple is now requiring that U.S. law enforcement agencies obtain a court order for information on its customers’ push notifications — the alerts iPhone apps send users that can reveal a lot about their online activity

The defense ministers of Japan, Britain and Italy have signed an agreement to establish a joint organization to develop a new advanced jet fighter, as the countries push to strengthen their cooperation in the face of growing threats from China, Russia ...

Tesla introduced Autopilot software in October of 2015 with CEO Elon Musk heralding it as a profound experience for people

Somalia has secured a $4.5 billion debt relief deal from its international creditors,

(This story originally appeared in on Dec 12, 2023)

Investing.com — Oil prices slumped on Tuesday, as traders fretted over the diminishing prospect of an impending pivot in Federal Reserve interest rate policy early next year.

finance ministry on Tuesday said the Israel-Hamas war has no impact on the Indian economy through the global crude oil prices, which have receded to the pre-conflict levels after a temporary increase in the immediate aftermath of the tension. In a written reply in the Rajya Sabha, minister of state for finance Pankaj Chaudhary also said the government has been successfully adopting measures to mitigate global shocks on the domestic economy over the past three-four years. These steps include diversification of the sources of critical imports, increasing the supply of domestic output to restrain inflation and strengthening domestic growth drivers, he said. “Presently, high public capital expenditure, robust private consumption and expanded digital public infrastructure are some of the strong domestic growth drivers, which have made India the fastest growing economy in 2022 and 2023 as per the estimates of IMF (International Monetary Fund),” he said. As for the Indian basket of crude oil, Chaudhary said, the prices hit a post-conflict peak of $93.9 per barrel on October 20 from $85.7 on October 6, a day before the outbreak of the conflict. However, they were down to $78.4 as of December 5. Global brent crude oil futures had posted their sharpest weekly losses since March in the week through October 6 to $84.60.

Vivek Joshi said on Tuesday that banks will have to operationalize inoperative accounts, encourage nominations, and create awareness about cyber fraud. There can be more penetration of PM Jeevan Jyoti Bima Yojana and PM Suraksha Bheema Yojana, he said, making a case for increased participation from private banks in the government's flagship financial inclusion schemes.

₹673 crore. This will be first MMLP in Maharashtra under the PM Gati Shakti National Master Plan. The MMLP will be developed in three phases.

Also Read: Russian President Vladimir Putin to run for elections, 'as a military leader of a country at war’ India purchased Russian oil at an average price of about $81.24 per barrel in September, according to Reuters' based on the latest data posted on the Trade Ministry's website. India's intake of Russian oil could rise on softening prices, a government official said last week. The price of Russia's flagship grade Ural in Baltic ports has plunged since late November below the $60/barrel ceiling.

Praj Industries, Dhampur Sugar and Dwarikesh Sugar have been seen massive decline between 15-20% in the past week, following government’s instruction to sugar mills not to utilize sugarcane juice and syrup for ethanol production in the upcoming 2023-24 season. The shares of Balrampur Chini were down 1.89% to ₹389.50 per share on Tuesday, December 12, meanwhile, Praj Industries closed at ₹545.95 apiece, Dhampur Sugar shares were trading 0.53% lower and Dwarikesh Sugar shares ended at ₹86.50 per share.

AI is having a significant impact on both present and future generations. We must proceed with extreme caution. I believe that the suggestions and ideas emerging from this summit will help us safeguard the world from the potential risks and challenges posed by the darker aspects of AI," PM Modi said while addressing the summit.

By Alex Lawler

Global Guardian CEO Col. Dale Buckner comments on threats facing the U.S. in China and the Middle East.

Chief Election Commissioner and Election Commissioners. In its order, the Supreme Court directed the government to set up a panel including the Prime Minister, the Chief Justice of India, and the Opposition leader for the appointment of the country's key election officers.

NEW DELHI : JSW Group chairman Sajjan Jindal has always dreamt of making a car. Nevertheless, in August 2017, when the group announced its intention to enter the electric passenger vehicle market, it took everybody by surprise. The electric vehicle (EV) segment was at a very nascent stage at that time and none of the mass market carmakers had anything worthwhile to offer.