Department Financial News

Health Minister JP Nadda on Tuesday, Federation of Resident Doctors’ Association (FORDA) has called off its strike, which began to protest the recent rape and murder of a trainee doctor in Kolkata. FORDA's nationwide indefinite strike, which began on August 12, witnessed shutting down of outpatient departments (OPDs), operation theatres, and ward duties, while emergency services continued to operate as usual. The delegation led by the association's President Aviral Mathur, presented its reformulated demands and were assured support by Nadda.

Following recent regulatory changes, Coinbase Hawaii has relaunched, empowering residents to buy, sell, and manage various cryptocurrencies on its platform.

A wildfire burned northeast of Athens, darkening the sky as the smell of smoke and soot pervaded the Greek capital

British energy firm Drax Global, already facing scrutiny for violating environmental regulations, disclosed this year that its Louisiana wood pellet production facilities emit hazardous air pollutants above permitted limits

The Conference Board chief economist Dana Peterson analyzes the job market and consumer confidence on 'Making Money.'

Federal prosecutors have charged two former Los Angeles County sheriff's deputies and two former foreign military officials with threatening a Chinese national and his family with violence and deportation during a sham raid at his Orange County home

DST) ends for 2024. This annual ritual, which involves «springing forward» in March and «falling back» in November, will see its conclusion on November 3 this year.

Brian Niccol, the chairman of Chipotle Mexican Grill, has been appointed as the new CEO of Starbucks as of August 13, 2024. Niccol will conclude his tenure as CEO of Chipotle on August 31, 2024. Howard Schultz, the former CEO of Starbucks, expressed his support for Niccol’s appointment, stating that Niccol has his “respect and full support.” Laxman Narasimhan, the outgoing CEO of Starbucks, will be leaving both his position and the Starbucks board after joining the company in 2023. During Narasimhan's time, Starbucks experienced a 3 percent decline in global sales at stores open for at least a year, according to a CNN report. In contrast, Chipotle saw an 800 percent revenue growth while under Niccol's leadership, as highlighted by the same report.

The Parliamentary Budget Officer released a report last week that estimated the federal government will raise $17.4 billion in extra tax revenues over the next five years as a result of the proposed capital gains inclusion rate increase to two-thirds from 50 per cent. The federal budget, however, estimated the increase would raise $19.3 billion over that time frame. That $1.9-billion difference, or 9.8 per cent, is material.

Commonwealth Financial Network has made a hefty addition to its rapidly growing advisory network as a family-led ensemble from Arizona joins from Osaic.

federal judge held last week that Google has a monopoly on online search and has been illegally defending that monopoly for years. The verdict is important and correct, yet it leaves open an important question: What should the remedy be? Judge Amit Mehta, in his 277-page decision, found that Google used a variety of means to hold on to its monopoly power and inflate prices paid by advertisers (and ultimately, consumers) to use Google's search platforms. The remedy, which will be decided by the same judge after hearings begin in early September, needs to tear down the barriers that protect Google's monopoly; if the judge delivers little more than a slap on the wrist to the tech giant, this verdict — a historic victory for the Biden administration's antitrust division — will mean very little. The government's case centered on payments, which in 2021 totaled more than $26 billion, that Google pays Apple and others to be the default search engine on their products. In doing so, Google kept Apple out of the search market and, the judge ruled, weakened its other competitors. But if the court merely decrees that Google now abandon those agreements, it won't be enough to unlock a long-monopolized market. It might even help Google in the short term by saving it some money.

Replaced by Dominic Younger as the lead portfolio manager on the CT Monthly Extra Income fund and the CT UK Monthly Income fund, Barber departed the firm on 30 June, a spokesperson for the company confirmed.  «Barber was a core member of our UK equities team for the past 30 years and we thank him for his many contributions and wish him well for the future,» they added.  He joined the company in 1994, having started  his career with Scottish Equitable as an investment analyst in 1990 before joining Eagle Star Investment Managers as a fund manager in 1992. Columbia Threadneedle to ca...

Tamil Nadu Cabinet on Tuesday gave its approval for 15 investment proposals of a total value of Rs 44,125 crore that are expected to generate over 24,700 jobs in the state. The 16th cabinet meeting chaired by Chief Minister M K Stalin at the secretariat here also granted its nod to three renewable energy policies as part of a goal to achieve 20,000 MW power generation by 2030, according to Finance Minister Thangam Thennarasu here.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

elephant census, as the population estimation has been delayed in some northeastern states, sources said. Wild elephants are found in forested, hilly tracts across four regions of India: the foothills of the Himalayas in the north, the northeastern states, east-central India, and the Western and Eastern Ghats in the southern parts of the country. A source told PTI that data collection and analysis from the northeast have not yet been completed. The primary reasons for the delay in the region are «heavy monsoon rains, floods and the limited capacity» of the forest staff, the sources added.

Kerala General Education Department has added 'Fact-Checking' modules as part of new ICT textbooks for Classes 5 and 7, designed to help students recognize fake news and perform fact-checking on online platforms. The move by the Kerala government was implement even ahead of UK which reportedly is is planning to revise their primary curriculum by including this topic. Earlier in 2022, Kerala Infrastructure and Technology for Education (KITE), the technology arm of Kerala General Education Department, had imparted Fake News prevention and awareness creation training for 19.72 lakh students of Grades 5 to 10, as part of the Digital Media Literacy programme.

In addition to rainfall, the national capital is expected to witness slight thinderstorms, the weather agency said in their forecast. «Cloudy with light rain and potential thunderstorms. The temperature will vary between 26°C and 32°C,» said the IMD in a statement. Read more: Delhi rains: Traffic alerts issued amid waterlogging on many roads. Check weather forecast

Matthew Knoot from Nashville, Tennessee has been indicted under federal charges for allegedly aiding North Korea’s (DPRK) ballistic weapons programs in a massive IT jobs fraud scheme, a new U.S. Department of Justice press release reveals.

An attorney for former President Donald Trump has filed a legal notice announcing that his client plans to sue the Justice Department and the FBI for $115 million for alleged «malicious political prosecution» and «abuse of process.»

Iran is preparing to supply Russia with hundreds of ballistic missiles. State Department deputy spokesperson Vedant Patel emphasised on Monday that if this transfer occurs, it would mark a significant escalation. On Friday, Reuters reported that dozens of Russian military personnel are being trained in Iran to use the Fath-360 close-range ballistic missile system, according to two European intelligence sources. They added that they expected the imminent delivery of hundreds of the satellite-guided weapons to Russia for its war in Ukraine. According to the report, Russian defence ministry representatives are believed to have signed a contract on Dec. 13 in Tehran with Iranian officials for the Fath-360 and another ballistic missile system built by Iran's government-owned Aerospace Industries Organization (AIO) called the Ababil.

SpiceJet on Monday managed to avert a shutdown of its flights from Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, resolving a tricky situation in the nick of time which could have affected several passengers. On Monday evening, CSMIA issued a passenger advisory stating that operations stating that effective midnight on 13 August 2024, SpiceJet flight operations from Mumbai International Airport are expected to be temporarily disrupted. “Mumbai International Airport is working with the airline to address the situation to minimise inconvenience to passengers,” the company said. However, within a few hours, the Adani-operated airport withdrew the advisory. In the meanwhile, the Ajay Singh-promoted SpiceJet issued a statement saying, «The passenger advisory issued by MIAL has been withdrawn. Our flight operations in and out of Mumbai are operating normally. SpiceJet and MIAL have worked collaboratively to swiftly resolve a minor financial matter.”