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Based on some comments, it appears we scared a few people with A Crisis Is Coming.

NEW DELHI : State-run Bharat Electronics Ltd (BEL) is installing Endpoint Detection and Response (EDR) software at the All India Institute of Medical Science (AIIMS) in New Delhi for continuous monitoring of computers following repeated cyber-attacks. This is being done on the advice of the National Critical Information Infrastructure Protection Centre (NCIIPC) and Indian Computer Emergency Response Team (CERT-In), which recently found malware on computers connected with MTNL. AIIMS Delhi has faced disruption in services due to cyberattacks, following which all doctors and medical staff have been advised to use AIIMS computers on its closed networks.

₹5 crore kicked in on 1 August for businesses to report wholesale transactions in designated portals (called e-invoicing), it is natural that compliance in raising e-way bills for goods shipment will also improve, according to experts. The e-invoice transaction data feeds automatically into other tax documents like e-way bills and the GST returns, facilitating greater reporting and oversight of economic activity.

30-year yields rose above 5% overnight, as investors worried about the Federal Reserve holding rates higher for longer as it battles to bring down inflation. Yields have surged as investors reprice the likelihood that the U.S. central bank will keep rates elevated and possibly raise them again if the economy continues to show resilience and price pressures remain above the Fed's 2% target. Concerns over rising Treasury supply and oil prices are also weighing on the market. As yields jump, investors are also focused on the likelihood that high rates will ultimately cause a recession, with many analysts forecasting weakness in the fourth quarter and into 2024. “I think that the real reason the long end has been in a free fall is mainly because of the yield curve steepening trade, where the curve has a tendency to reprice an economic slowdown,” said Tom di Galoma, managing director and co-head of global rates trading at BTIG in New York. The closely watched yield curve between two-year and 10-year notes reached minus 30 basis points on Wednesday, after inverting as far as minus 111 basis points in March and July.

Rishi Sunak on Wednesday urged skeptical voters, and his own Conservative Party: Keep me in office and I'll offer you change. In his first — and possibly last — speech as leader to the party's annual conference before an election due in 2024, Sunak said he's not afraid to make tough choices and big decisions that will deliver «long-term success» rather than «short-term advantage».

₹1,769.49 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹9,848.55 crore of Indian equities, while they sold ₹14,272.57 crore --- resulting in an outflow of ₹4,424.02 crore on Wednesday. Meanwhile, DIIs infused ₹10,050.08 crore and offloaded ₹8,280.59 crore, registering an inflow of ₹1,769.49 crore.

U.K. Prime Minister Rishi Sunak has told his Conservative Party he's not afraid to make tough decisions for long-term change

Wall Street is holding steadier in mixed trading after reports suggested the U.S. economy may be cooling

Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

Investing.com — The U.S. private sector added a far smaller-than-forecast 89,000 jobs in September, according to a report by payrolls processor ADP on Wednesday, indicating that conditions in the labor market may be loosening, possibly giving the Federal Reserve more leeway to pause rate hikes.

Many central banks and governments around the world want to kick their dollar addiction. They aren’t getting very far—except when forced. The percentage of official foreign-exchange reserves allocated to U.S.

₹850 crore) to the gross domestic product and supporting over 11,500 local jobs in 2022 alone, said a new research from Oxford Economics. According to the research, Goa had the largest share of Airbnb guest spending, amounting to a total of $189 million (approx. ₹1,480 crore) in 2022, in areas like purchases on transportation, restaurants, retail stores, and retail stores.

The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort town of Sharm El-Sheikh. But holding December’s COP28 meeting in Dubai, one of the world’s major financial centers, pretty much guarantees they’ll make a much bigger showing.

GENEVA (Reuters) — The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy.

Well, rates continue to increase following a hotter-than-expected and very volatile JOLTS data point. Now, rates are at a point where the economy will start to slow, and financial conditions are finally tightening.

By Jonathan Cable

Rohit Agarwal, Senior Fund Manager, Kotak Life Insurance, says “even though India might outperform in the global terms, India will not be immune to global challenges. India will not be immune to the yield rates. For example, if the US 10-year is yielding 5% today, why should a US investor put his money outside his country at all? You are getting risk-free 5% in that country and that is a call that many asset allocators might take and that might impact some flows here and there. But on a standalone basis, India will still stand out in the world as a better place to be in.” What is happening to the global arena right now? Do you think this is just the start of a downturn or this is something that the Indian market will take in its stride and the outperformance will continue? As you said, these are volatile times and though we have not seen some of these yields in the last two decades or so, that does not mean that we do not know how to handle it. It means is there are macro issues on the corner, at the horizon, obviously especially on the global side.

(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The report revealed that 76% of the commuters want multiple modes of payment in public transit. Among those surveyed, 66% wanted to use their bank cards at transit entry or exit points whereas 69% preferred QR-based payments. 63% of the commuters said that bank cards (debit and credit cards) would improve convenience and save time.

Qantas says Qatar Airways carries more Australians out of the country than tourists in, dismissing claims from the travel sector that denying the Middle Eastern carrier’s bid to add flights has damaged the economy as “overstated”.

the date on which it becomes the world’s biggest economy. The gap between American and Chinese GDP will be over $8trn in 2023, according to some forecasts. That is a bigger number than last year.