Exodus Financial News

Saudi Arabia, Kuwait, and Qatar. These rights are allocated based on existing bilateral agreements.

Qantas chairman Richard Goyder has bowed to shareholder pressure and agreed to leave the embattled airline’s board next year, joined by two of his fellow directors.

Armenia's government says an ethnic Armenian exodus has nearly emptied Nagorno-Karabakh of residents since Azerbaijan attacked and ordered the breakaway region’s militants to disarm

Nagorno-Karabakh dwindled to a trickle Saturday as Armenia said nearly the entire population of the breakaway territory had already fled after Azerbaijan seized back control. An AFP journalist at the Kornidzor crossing into Armenia saw only several ambulances arrive as border guards said they were waiting for a final few buses. In the nearest town of Goris, hundreds of exhausted refugees waited amongst their baggage in the central square for the government to offer accommodation. Azerbaijan's lightning military takeover of the ethnic Armenian enclave last week sparked a sudden exodus that has rewritten the centuries-old ethnic makeup of the disputed region. Armenia said Saturday 100,417 people from an estimated population of 120,000 had fled since the breakaway region saw its decades-long fight against Azerbaijani rule end in sudden defeat. Artak Beglaryan, a former separatist official, said that according to unofficial information «the last groups» of Nagorno-Karabakh residents were on their way to Armenia Saturday. «At most a few hundred persons remain, most of whom are officials, emergency services employees, volunteers, some persons with special needs,» he wrote on social media.

Armenian officials say more than 70% of Nagorno-Karabakh's original population have fled the region for Armenia

CBS Sports Chairman Sean McManus has known for over a year when he planned to retire and who would be his successor

STEPANAKERT, Azerbaijan (Reuters) -Ethnic Armenians in Nagorno-Karabakh began a mass exodus by car on Sunday toward Armenia after Azerbaijan defeated the breakaway region's fighters in a conflict dating from the Soviet era.

The prospect of U.S. interest rates remaining elevated for longer than expected has sparked a readjustment for investors.

China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, people familiar with the matter said, as it seeks to lure global funds back to its $9.4 trillion stock market. 

China’s giant housing industry is lurching into a new crisis that threatens to be the country’s worst yet. Two years ago, the debt-laden developer China Evergrande Group spiraled into insolvency, bursting the country’s real-estate bubble and setting off a chain of developer defaults and business losses. The industry’s troubles have dragged down China’s economy.

₹22 crore as compensation from the 43 pilots for the loss of revenue and damaging reputation of the airline. According to a report by the Times of India, the mass exodus of pilots has forced the airline to cancel its several operations since August 2023. "We have sought legal remedy only against a small set of pilots who abandoned their duties and left without serving their mandatory contractual notice period," an Akasa Air spokesperson said.

“The correction we observed in midcap seems overdone primarily because, if you consider the index, 75% weightage is on large caps and 25% covers numerous midcaps,” says Sudip Bandyopadhyay of Inditrade Capital. “Midcaps and smallcaps will always remain an attractive investment opportunity. They do present challenges, like liquidity. Investing in some of these smallcaps is similar to venturing into VC-backed companies – they exhibit very strong growth,” says Punita Kumar Sinha of Pacific Paradigm Advisors. Edited excerpts:

China’s economic slump due to years of Covid restrictions, a property market crisis, and persistent tensions with the West — concerns that have helped make the “avoid China" theme one of the biggest convictions among investors in Bank of America’s latest survey. Foreign fund participation in the Hong Kong stock market has dropped by more than a third since the end of 2020. “Foreigners are just throwing in the towel," said Zhikai Chen, head of Asia and global EM equities at BNP Paribas Asset Management.

Attorneys for 10 states and some Louisiana local governments hope a federal judge will block a new system for calculating rates for federal flood insurance

A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($3.4 billion) by offloading shares in London Stock Exchange Group PLC (LSEG) via an overnight placing.

The price of Binance Coin (BNB) has fallen by 0.5% in the past 24 hours, with its drop to $213.55 coming as many other major tokens face similar falls.

America is in the midst of a police officer shortage

By Pete Schroeder

Burning Man festival in Nevada finally began heading home on Monday after Mother Nature rained on their big party. With the sun now shining on the colorful makeshift community of 70,000 people called Black Rock City, the roads opened Monday afternoon, kicking off the official exit process known as the "Exodus." "Exodus operations have officially begun in Black Rock City," the festival said in a statement on its website. "The driving ban has been lifted." However, organizers called on visitors to delay their departures from the site -- a dried-up lake bed in a remote patch of the Nevada desert -- until Tuesday to avoid massive congestion on the way out.

West Virginia University is recommending slashing its language department and dozens of other programs amid a $45 million budget shortfall

Crypto exchange giant Binance confirmed to Cryptonews on Monday, that the company’s global head of product, Mayur Kamat, has resigned, amid a mass exodus of executives and job cuts within the company.