Department Financial News

Biden administration on Friday said Israel's use of U.S.-supplied weapons may have violated international humanitarian law during its military operation in Gaza, in its strongest criticism to date of Israel. But the administration stopped short of a definitive assessment, saying that due to the chaos of the war in Gaza it could not verify specific instances where use of those weapons might have been involved in alleged breaches. The assessment came in a 46-page unclassified State Department report to Congress required under a new National Security Memorandum (NSM) that President Joe Biden issued in early February.

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork

California is partnering with five companies to develop generative AI tools to help the state deliver public services

New York’s legal cannabis market has been hampered by inexperienced leaders who treated the state licensing agency like a “mission-driven” startup rather than a government office, according to an internal review

In her first Eras Tour concert since the release of “The Tortured Poets Department,” Taylor Swift shook up her setlist

Rookie kicks off with Episode 9, titled «The Squeeze.» As the promo teases, a major storyline unfolds as Mid Wilshire uncovers a criminal conspiracy. Tim finds himself embroiled, especially after being eyed as the prime suspect in Mad Dog's death. The team also discovers a surprising link between their new therapist and the recent crime wave.

Travis Kelce never stops impressing his girlfriend Taylor Swift with his unwavering support and appreciation. This time, according to The Sun report, Kelce has showered his love on the The Tortured Poets Department album singer by gifting her a $11.7k Chanel bag along with bespoke leather jackets and her favorite flowers.

Simons Foundation chair Marilyn Simons, he gave billions of dollars to hundreds of philanthropic causes, particularly those supporting math and science research and education. In 1994, they established the Simons Foundation, which supports scientists and organizations worldwide in advancing the frontiers of research in mathematics and the basic sciences," the foundation said in a press release.

dust storm hit major parts of Delhi-NCR on Friday which resulted in power outage in the region. India Meteorological Department (IMD) said, «Duststorm/ thunderstorm with rain (followed by rain) and gusty winds with speed of 50-70 Km/h would occur over and adjoining areas of entire Delhi and NCR (Loni Dehat, Hindon AF Station, Ghaziabad, Indirapuram, Chhapraula, Noida, Dadri, Greater Noida, Gurugram, Faridabad»

In an earlier era, Toronto-Dominion Bank’s 67-year-old chief executive, Bharat Masrani, would already have stepped aside.

Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as the new Executive Director with effect from May 10. He will take charge over Deposit lnsurance and Credit Guarantee Corporation, Right to lnformation Act (FAA), and Department of Communication, the central bank said.

Reliance Jio and Bharti Airtel’s net worth has improved sharply since the last spectrum auction in August 2022 even as Vodafone Idea’s negative net worth widened amidst its continuing financial struggles. In the upcoming auction, scheduled to start on June 6, the three private telecom players will be competing for Rs 96,317.65 crore worth of 5G airwaves. As per details submitted by the companies to the Department of Telecommunications (DoT), Reliance Jio’s net worth at the end of March 31, 2023, stood at Rs 2,15,992 crore. In the last auction, the wholly owned subsidiary of Jio Platforms, had a net worth of Rs 1,97,790 crore. Similarly, Airtel’s net worth has risen to Rs 86,260 crore as on December 31, 2023, from Rs 75,886 crore in the last auction.

Google has been slashing its workforce since early 2023, with several rounds of layoffs already completed and more anticipated. CEO Sundar Pichai stated that these difficult decisions are part of a meticulous process, emphasising the need for precision and care: "It's about taking the time to do it correctly and well." Speaking to Bloomberg, Pichai acknowledged the weight of his decisions at the helm of such a large organisation, stressing that while the decisions are fewer, they must be clear and well-founded. Google's strategy for managing these changes involves streamlining operations and reorganising teams.

Kempegowda International Airport on Friday. The downpour led to the diversion of several flights, including international passenger flights. "Heavy rainfall accompanied by strong winds rendered the airport inaccessible for landing between 9.35 pm and 10.29 pm, leading to diversion of flights," a Bengaluru International Airport Limited (BIAL) official said in a statement. He said 13 domestic flights, three international passenger flights, and one international cargo flight were diverted to Chennai on Thursday.

NEW DELHI : The multi-billion-dollar direct selling industry has now come in the crosshairs of the central government, with the department of consumer affairs (DoCA) planning to scrutinize their regulatory compliances and prepare a list of rule violators, three people aware of the matter said. Several measures are also being put in place to increase vigilance against violation of direct selling rules and other unscrupulous practices by the fast-growing industry, the people added.

No reliable evidence of Indian involvement in foiled Pannun murder plot: Russia In November last year, the US authorities said an Indian government official had directed the plot in the attempted murder of Gurpatwant Singh Pannun, a dual citizen of the United States and Canada. The US White House in April said it viewed the reported role of the Indian intelligence service in the assassination plots as a very serious matter. As per the US Justice Department indictment, Indian national Nikhil Gupta was involved in the alleged attempt to kill Pannun.

Chartered accountants (CAs) are increasingly facing stiff competition from STEM graduates in getting into consulting firms that are becoming heavily dependent on technology for client service and regulatory compliances, said industry executives. STEM refers to science, technology, engineering and mathematics.

Gurpatwant Singh Pannun is an ongoing legal matter, the US State Department said it «won't speak» until «allegations are proved» before a jury. Gurpatwant Singh Pannun is an India-designated terrorist who holds American and Canadian citizenship.

The Financial Transactions and Reports Analysis Centre of Canada says Binance failed to register as a foreign money services business. The company also failed, on thousands of occasions, to report large virtual currency transactions of C$10,000 or more in the course of a single transaction. Binance quit the Canadian market a year ago, citing the regulatory environment. Last week, the crypto giant's founder, Changpeng "CZ" Zhao, was sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements. Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper AML programme, operated an unlicensed money-transmitting business and violated sanctions law. The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes

Police in Vietnam say they have arrested a senior official of the country’s labor ministry for “deliberately disclosing state secrets.”