Country Financial News

An international media freedom group says 34 journalists have been killed in the war between Israel and Hamas

India and Bangladesh have launched two new railway links and a thermal power plant unit to strengthen connections and energy security in the region

Scientists in northern France earlier this summer discovered what could be a massive deposit of the cheapest and greenest type of hydrogen.

blood test can help diagnose tuberculosis accurately in children, according to the findings of a study conducted in five countries, including India. About 2,40,000 children worldwide die of tuberculosis every year. The disease is among the top 10 causes of death in children under the age of 5, the researchers said.

NAIROBI (Reuters) — International Monetary Fund (IMF) staff on Wednesday reached a preliminary agreement with Somalia that will allow for the release of $100 million in funding under a new 36-month credit programme, the fund said.

By Kate Abnett and Valerie Volcovici

Chainlink has taken the wraps off its most extensive hackathon event to date, dubbed Constellation, set to commence on November 8 and run through December 10, 2023. This announcement comes on the heels of Chainlink's evolution since its initial virtual hackathon in 2020, which had garnered over 1,000 registrations and 70+ project submissions from enthusiasts spanning 45 countries. The initiative was a frontier at the time when the Decentralized Finance (DeFi) space was in its nascency, and Non-Fungible Tokens (NFTs) were just beginning to make a mark.

In a decisive response to the recent terrorist attack on Israel, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated ten individuals and entities linked to the Hamas terrorist organization. This action, aimed at crippling the financial structures supporting Hamas, encompasses individuals and operations not only in the Gaza Strip but extends to Sudan, Türkiye, Algeria, and Qatar.

Bank of India (RBI) Wednesdays said more than 97% of the ₹2,000 banknotes in circulation have been returned to the banking system, and only ₹10,000 crore of such notes are still in public circulation. "The total value of ₹2000 banknotes in circulation, which amounted to ₹3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of ₹2000 banknotes was announced, has declined to ₹0.10 lakh crore as at the close of business on October 31, 2023. Thus, more than 97% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned," the RBI said in a circular.

In July, when worries about China’s economic recovery were first beginning to percolate more widely, analysts fixated on a curious bit of language from the Politburo: the recovery was developing in a winding, “wave-like" manner. Nearly half a year later, that characterization is looking more and more apt. After a better third quarter, the first two key reads on China’s economy in October both landed with an audible thud.

alcobev sector, which is forecasted to touch $64 billion by 2030, a new report by International Spirits and Wines Association of India (ISWAI) said. The alcobev sector already accounts for 2% of India’s nominal GDP and generates employment to over 80 lakh people, in related sectors such as agriculture, F&B, Retail and hospitality.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “Indian nationals wishing to open such a bank account are advised to approach an Indian bank that has a partnership agreement with the Central Bank of the Russian Federation for guidance," it said.

By Ananya Mariam Rajesh and Aatrayee Chatterjee

The Gig Economy and the Contractor Revolution As the Indian economy continues to grow, companies across all sectorsare aware thatone of the ways that they can scale and compete is to have a talented, cost-effective workforce. And the most innovative companies know that this workforce does not need to be confined within their city, or even borders. This global perspective has become one ofIndia's top business priorities: establishing a cost-effective, skilled workforce that spans different countries.

High talent demand: These industries are experiencing rapid growth, and as a result, they require a skilled workforce. The heightened demand for talent is a key driver behind the salary uptick. Competitive environment: Companies within these sectors are engaged in intense competition to both attract and retain top-tier talent, intensifying the upward pressure on salaries.

power consumption grew nearly 22 per cent to 138.94 billion units (BU) in October, showing a surge in electricity demand due to festivities and increased economic activities. In the year-ago period, power consumption stood at 113.94 BU, higher than 112.79 billion units recorded in October 2021, according to government data. The peak power demand met — the highest supply in a day — rose to 221.62 GW in October. The peak power supply stood at 186.90 GW in October 2022 and 174.44 GW in October 2021. The power ministry had estimated the country's electricity demand to touch 229 GW during summer. The demand did not reach the projected level in April-July due to unseasonal rain. The peak supply, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.19 GW in August. In September this year, it was 240.17 GW. Industry experts said power consumption was affected in March, April, May, and June this year due to widespread rainfall.

The rate of babies dying in the U.S. increased significantly for the first time in two decades, raising new alarms about maternal-infant health in America. The nation’s infant-mortality rate rose 3% from 2021 to 2022, reversing a decadeslong overall decline, the Centers for Disease Control and Prevention said Wednesday.

JM Financial has initiated coverage on the wire and cable manufacturer RR Kabel with a ‘buy’ call. The brokerage is bullish on the stock on the back of its industry-leading revenue growth track record, strong outlook, industry tailwinds, and healthy performance. It has a target price of ₹1,650 for the stock, implying an upside of over 21 percent in 12 months.

Last week we learned that the economy, far from sliding toward recession as economists had predicted over the past year, has actually picked up steam thanks to indefatigable consumers. Not only has economic output made up all the ground lost during the pandemic but it is above where it would have been had the pandemic never happened, judging by what the Congressional Budget Office projected in early 2020. The same goes for the job market.

GEORGETOWN, Guyana—New supermarkets here are stocked with prime Texas rib-eyes. A recently opened waterfront hotel offers executive suites for $750 per night. The national cricket team, the Amazon Warriors, is getting a new stadium that begins construction next spring.

Mizoram has seen a two-party rule, with the Congress and the Mizo National Front (MNF) repeating governments, each ruling for two consecutive terms. But this time the poll math has become complex with the MNF falling out with its ally the Bharatiya Janata Party (BJP), a resurgent Congress under a new leader, and the rise of a new party that promises change and might emerge as the dark horse. The MNF, which is allied with the BJP's Northeast Democratic Alliance, won the elections in 2018 elections, bagging 27 seats while the Congress was able to win five and the BJP and the TMC bagged one each.