Department Financial News
24.09 / 22:33
Citi
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Parke
Trade
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Department
US company accuses Mexico of expropriating its property on the Caribbean coast
An American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast
24.09 / 18:43
24.09 / 18:33
markets
Digital
Healthcare
Experts
NXT
reports
Department
Hinduja Group arm HGS charged with Rs 2,500 cr tax evasion
Income Tax Department has alleged a tax evasion of about₹2,500 crore by Hinduja Global Solutions' (HGS). An internal report, submitted earlier this month based on a probe carried over the past nine months, has charged HGS with the evasion. Invoking the General Anti-Avoidance Rule, tax authorities have charged the company merging with a loss-making entity subsequent to divesting its healthcare business at a gain with the purpose of avoiding tax.
24.09 / 18:33
markets
Cooper
security
Sustainability
country
Department
India joins US-led minerals security fin setup
minerals security finance network, which aims to «strengthen cooperation and promote information exchange and co-financing» among participating institutions from the Indo-Pacific region and Europe, according to the US State Department. The network will also «advance diverse, secure and sustainable supply chains for critical minerals», the department said in the announcement made on Monday. The development comes amid China's efforts to control supplies of critical minerals worldwide.
24.09 / 17:07
markets
Digital
Sustainability
Healthcare
Bill
country
Department
Meghalaya signs MoU with Bill & Melinda Gates Foundation
Meghalaya is only the third state in India in area of both health and agriculture, after Uttar Pradesh & Bihar, with whom the Gates Foundation is establishing a partnership. The MoU was signed in the presence of the Chief Minister Conrad K Sangma and Minister of Health & Family Welfare and Agriculture, M Ampareen Lyngdoh. M. Hari Menon Director of the India Country Office at the Gates Foundation, and Sampath Kumar, Principal Secretar Health & Family Welfare Department on behalf of the state signed the MoU.
24.09 / 17:07
markets
FIVE
Progressive
CEO
Boeing
Justice
Department
FAA says Boeing safety culture reforms may take years
safety culture improvements at Boeing may take three to five years to complete. «It is not a six-month program — it is a three-year to five-year program,» FAA Administrator Mike Whitaker said, adding he has spoken to Boeing CEO Kelly Ortberg and the company's board of directors about the need for safety culture reforms. He said Boeing has made significant improvement in the short term. «On culture it is a long-term project… There is progress but they are not where they need to be.» Congress is holding two days of hearings on Boeing and the company's safety turnaround efforts.
24.09 / 16:19
UPS
Strategy
Department
International
Former Artemis manager's new venture acquires Vermeer IM
This marks the freshly formed boutique's first deal, having been founded last year after Illingworth departed from Artemis, where he was a global equities manager and co-managed the Mid Wynd International investment trust and the Artemis Global Select fund. Alex Illingworth joins Harwood to launch global equity business Vermeer Investment Management Limited was set up in 2014 by Tim Gregory and James Rowsell, who manage the Vermeer Global fund alongside Charlie Fricker. As part of the acquisition, the £60.8m strategy is expected to be renamed the Goshawk Global fund, with the thre...
24.09 / 14:55
COST
Sustainability
Puzzle
Bill
Inside
Department
guidelines
Take a look inside a $1.1 million 'zero emissions' home
Real estate is a key puzzle piece in achieving the U.S.' climate goals, according to federal officials.
24.09 / 14:49
markets
UPS
Career
Department
International
Profiles
AIMCo taps ex-Goldman banker to run private assets
Alberta Investment Management Corp., one of Canada’s largest pension managers, is elevating two senior executives and giving them new responsibilities as chief investment officer Marlene Puffer departs.
24.09 / 12:43
UPS
Williams
CRA
Apple
Universities
Department
rights
William Watson: Couldn’t we get Amazon or Apple to run the CRA?
Dear Prime Minister,
24.09 / 12:35
markets
Digital
RAI
reports
Department
prevention
Govt worker in Thailand receives salary and bonuses for 10 years without working a single day
The unidentified official reportedly held a position at the Disaster Prevention and Mitigation Department in Ang Thong province in central Thailand, reported The South China Morning Post. According to the newspaper The Thaiger, the official did not attend his government job for about 10 years because he had been focused on his singing gig at a nightclub.
24.09 / 10:31
Software
PVH
reports
Department
Investigations
International
China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’
BEIJING — China's Ministry of Commerce said Tuesday it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions around its Xinjiang supply chain.
24.09 / 06:43
markets
Blockchain
Gap
information
reports
Department
Features
OpenAI’s newsroom account on X hacked
cryptocurrency scams. A post appeared on the ChatGPT maker's 'Newsmaker' account, advertising an OpenAI-themed crypto token called $OPENAI, directing users to a fake website. The cryptic post persuaded users that they could claim a share of its initial supply and gain uninterrupted access to upcoming beta programs. It featured a 'CLAIM $OPENAI' button that lured users to connect their cryptocurrency wallets, likely to harvest sensitive login information. “We’re very happy to announce $OPEANAI: the token bridging the gap between Al and blockchain technology,” the post said. “All OpenAI users are eligible to claim a piece of $OPENAI’s initial supply. Holding $OPENAI will grant access to all of our future beta programs.” There is no official statement from OpenAI or X yet.
24.09 / 03:27
markets
Election
President
Justice
Department
Investigations
International
Justice Dept & FBI 'mishandling' recent assassination attempt case, alleges Donald Trump
Trump has accused the Department of Justice and the FBI of «mishandling and downplaying» the recent apparent assassination attempt on his life, demanding that the state of Florida handle the case. A second bid in two months on 78-year-old Trump's life took place on September 15 at the Trump International Golf Club in West Palm Beach, Florida. Ryan Wesley Routh, a 58-year-old owner of a small construction company in Hawaii, was detained in connection with the incident. «The Kamala Harris/Joe Biden Department of Justice and FBI are mishandling and downplaying the second assassination attempt on my life since July,» Trump said in a statement on Monday. «The charges brought against the maniac assassin are a slap on the wrist. It's no wonder since the DOJ and FBI have been coming after me nonstop with Weaponised Lawfare since I announced my first Historic Campaign for the Presidency,» he said.
23.09 / 23:17
markets
security
Software
track
reports
Department
Biden administration seeks to ban Chinese, Russian tech in US autonomous vehicles
The U.S. Commerce Department is seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers
23.09 / 19:03
Citi
Fox
Continental
Kimco
reports
Department
Last full-size Kmart in US to close
Check out what's clicking on FoxBusiness.com.
23.09 / 18:53
markets
COST
Career
Racing
Death
reports
Department
Stress needs an audit too: Tragic death of EY employee sparks concerns over intense work pressure & client demands
EY Global, this month has brought the spotlight on the prevailing intense work pressure in the audit profession as firms grapple with clients imposing tight deadlines, growing complexity of audits, a spike in disclosures, heightened regulatory scrutiny, and an unfavourable risk-reward ratio. Leading auditors say a key reason for increased work pressure is from the client side, who often pushes auditors to crunch deadlines for results announcements. Meeting tight deadlines is viewed as a sign of professionalism and efficiency, and, in some cases, also due to alignment with global standards. For instance, if the full-year results of a company were to be announced in the fourth week of April, the chief financial officer may want them by the third week.
23.09 / 18:23
markets
Provident
Target
War
Department
evacuation
US is sending more troops to Middle East as violence rises between Israel and Hezbollah
the Middle East in response to a sharp spike in violence between Israel and Hezbollah forces in Lebanon that has raised the risk of a greater regional war, the Pentagon said Monday. Pentagon press secretary Maj. Gen. Pat Ryder would provide no details on how many additional forces or what they would be tasked to do. The U.S. currently has about 40,000 troops in the region. “In light of increased tension in the Middle East and out of an abundance of caution, we are sending a small number of additional U.S. military personnel forward to augment our forces that are already in the region. But for operational security reasons, I'm not going to comment on or provide specifics.”
23.09 / 12:37
markets
Aware
film
RAI
show
reports
Department
Congress challenges Kangana Ranaut to prove charge against Himachal govt, Sonia Gandhi
Himachal Pradesh Congress on Monday challenged Mandi MP Kangana Ranaut to prove her allegation that the state government took loans and diverted the money to Sonia Gandhi, failing which it said it would file a defamation case against her. Himachal Pradesh minister Vikramaditya Singh told reporters that her comments showed the BJP MP's «intellectual bankruptcy». «There cannot be a bigger foolish statement than saying that funds coming from the Centre or the state's funds for development are being given to Sonia Gandhi,» he said. «I openly challenge BJP MP Kangana Ranaut to show proof of even Rs 1 being diverted or apologise to Congress leader Sonia Gandhi for making such baseless and unwarranted allegations against her. Otherwise, the Congress will file a defamation case against her,» the minister added.
23.09 / 12:37
markets
security
Software
wellness
reports
Department
Biden proposes banning Chinese vehicles from US roads with software crackdown
connected vehicles on American roads due to national security concerns — a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The White House ordered an investigation into the potential dangers in February.
23.09 / 12:37
markets
FIVE
Digital
RAI
Department
Punjab Cabinet reshuffle: Ravjot Singh and others take oath as ministers in Bhagwant Mann's team
Punjab government on Monday inducted five MLAs as ministers as it carried out a Cabinet rejig. Governor Gulab Chand Kataria administered the oath of office and secrecy to the new ministers during a swearing-in ceremony at the Raj Bhavan here. Chief Minister Bhagwant Mann, among other party leaders, was also present. Those sworn in as ministers included Hardeep Singh Mundian, Barinder Kumar Goyal, Tarunpreet Singh Sond, Dr Ravjot Singh and Mohinder Bhagat. They took oath in Punjabi.
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