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US economy, according to a report. SocGen has warned that whenever there was a spike in 36-month moving average of unemployment, the US economy slipped into a recession. SocGen has pointed out that this has been an alarming trend since 1950, Business Insider reported. SocGen stated that the US economy might go into recession even though Wall Street were hopeful of a fairly positive financial trend once Donald Trump takes charge as the President of the World's largest economy. The inauguration is scheduled for January 20, 2025.

Saudi Arabia says that to host the 2034 World Cup in men’s soccer, it will build or renovate 15 stadiums, create a futuristic city and expand airports and public transport in a massive buildout to accommodate millions of athletes, coaches and spectators

Boeing will invest $1 billion to ramp up production of its 787 Dreamliner aircraft in South Carolina, the company said in a statement. Boeing has been plagued by production quality problems and recently endured a strike that lasted more than 50 days and paralyzed two crucial factories. In October, Boeing unveiled plans to reduce its global workforce by 10 percent over the coming months, without giving further details.

COVID-19 pandemic and a setback for new finance minister Rachel Reeves. Gross domestic product contracted by 0.1% month-on-month in October, as it did in September, the Office for National Statistics said. It was the first consecutive drop in monthly GDP, which is volatile and prone to revision, since March and April 2020, when Britain enforced its first COVID-19 lockdown. The ONS said there was «mixed» anecdotal evidence from companies that turnover had been affected by companies waiting for the budget statement, which imposed large tax rises on businesses.

Double Taxation Avoidance Agreement (DTAA). «My understanding is that with Switzerland, because of EFTA, the double taxation treaty that we have; it's going to be renegotiated. That is one aspect of it,» MEA spokesperson Randhir Jaiswal said. He was responding to a question on the issue at his weekly media briefing.

According to reports, two dozen H200-based Supermicro servers with hundreds of H200 GPUs inside, were smuggled into China by a businessman, who is claiming that this was a unique way bypassing Department of Commerce's laws that banned such exports. Also Read: How serious is the injury? Nancy Pelosi hospitalised in Luxembourg after getting injured in an official engagement

US President- elect Donald Trump actually discussed about the US Presidential campaign of US Vice President Kamala Harris which he eventually believes was flawed from the start, reported Revolt. According to Revolt, he actually claimed that her biggest mistake was ‘taking the assignment’ to run for US President following the exit of US President Joe Biden in the month of July. Donald Trump also severely criticized Kamala Harris for not engaging more with the media while stating that her reluctance to conduct interviews actually raised questions about her capabilities. He also noted that while she participated in some interviews, they were perceived as inadequate compared to his extensive media engagements.

Taking to his official account on X, Vaishnaw alleged that the left party has 'no respect' for the entertainment industry. Mentioning the stampede that led to Allu Arjun's arrest, Vaishnaw called it a 'mishap' triggered by poor management. «Congress has no respect for the creative industry and the arrest of Allu Arjun proves it yet again. The mishap at Sandhya Theatre was a clear case of poor arrangements by the state and local administration.,» said Vaishnaw.

S Jaishankar on Friday said that Indian security forces would be going to all patrolling points in Depsang in Ladakh and the eastward limit, which have historically been India's patrolling limit. He informed the Lok Sabha during question hour that the last of the disengagement agreement with China was related to Depsang and Demchok. On Bangladesh, Jaishankar hoped that «both India and Bangladesh will settle down to a mutually beneficial and stable relationship».

Indian Navy's latest survey ship — INS Nirdeshak — that boasts over «80 per cent indigenous content», reaffirming the naval force's focus towards Aatmanirbharta, is all set to be commissioned at Visakhapatnam on December 18, a senior official said on Friday. The commissioning ceremony will be presided over by Minister of State for Defence Sanjay Seth. «The Indian Navy is all set to commission its latest survey ship 'Nirdeshak' at Naval Dockyard, Visakhapatnam, on December 18,» a Navy spokesperson said. The ceremony will be hosted by the Flag Officer Commanding-in-Chief, Eastern Naval Command and attended by distinguished guests, including senior naval officials and GRSE representatives.

IPO once its asset under management (AUM) reaches the Rs 1 lakh crore mark, which it was targeting by FY'26, a top official said on Friday. At present, LIC MF's AUM was around Rs 38,000 crore, a significant jump from Rs 16,526 crore in FY'23. «We have grown by 67 per cent in FY'24 and our current growth run rate is 30 per cent,» LIC MF Asset Management Ltd MD and CEO RK Jha told PTI. He said the current equity contribution across all funds is 47 per cent, with debt accounting for the remaining 53.

markets regulator Sebi on Friday introduced exemptions to the requirement of maintaining pro-rata rights in investments and distribution of proceeds under the alternative investment funds (AIF) rules. Under this, pro-rata rights will not apply to cases where investors are excused or excluded from specific investments; fail to meet their contribution obligations, or share profits (such as carried interest) with fund managers or sponsors, Sebi said in a circular. Furthermore, specific entities, including government-backed organisations and development financial institutions, may opt for junior or subordinate units, accepting lower returns or higher risks compared to other investors.

SpiceJet Friday said it has cleared all pending employee provident fund (PF) dues amounting to Rs 160.07 crore, covering two years. In the past three months, since raising Rs 3,000 crore through a Qualified Institutional Placement (QIP), SpiceJet has cleared all statutory liabilities, including Tax Deducted at Source (TDS), Goods and Services Tax (GST), and pending employee salaries. By addressing these dues, the airline is set to reduce interest costs significantly. Since October 2024, SpiceJet has been using its internal cash flows to meet statutory obligations like PF and TDS payments.

Supreme Court said on Friday, asserting that «official positions, regardless of their stature, lose relevance for the purpose of exercising judicial discretion judiciously». A bench of Justices Surya Kant and Ujjal Bhuyan, which granted conditional future bail to former West Bengal minister Partha Chatterjee in a money-laundering case related to the alleged cash-for-jobs scam in the state, said impartiality is a prerequisite to the rule of law, wherein decisions are based on the factual matrix of a case as opposed to an individual's position or influence. It rejected Chatterjee's argument seeking special consideration for the grant of bail on the ground that he was entitled for the relief as he was a minister at the relevant time. «In this context, the argument that the appellant's position as a minister entitles him to any special consideration does not hold merit from either perspective. Impartiality is a prerequisite to the rule of law, wherein decisions are based on the factual matrix of the case as opposed to the individual's position or influence,» the bench said.

National Highways Authority of India (NHAI) has introduced new Route Patrolling Vehicles (RPVs) named ‘Rajmarg Saathi’ as part of its incident management services. The move is aimed at enhancing road safety and strengthening highway patrolling, NHAI said on Friday. The RPVs conduct inspection of National Highway stretches to monitor and respond to emergency situations. The guidelines for ‘Rajmarg Saathi’ RPVs include detailed specifications related to the use of vehicle, equipment and manpower.

next generation fighter jet for the UK, Italy and Japan revealed Friday that they are forming a joint venture to deliver the aircraft. The triangular-shaped jets will have supersonic capability and cutting-edge technology. Pilots will be able to use virtual reality in the aircraft's digital cockpit, with vital information displayed directly in front of them. The aim is that they will take to the skies by 2035. Under the agreement, Britain's BAE Systems, Italy's Leonardo and Japan Aircraft Industrial Enhancement will each own a third of the new joint venture, which will be subject to regulatory approvals.

Ontario Premier has eventually announced that the province is pretty well prepared to significantly retaliate against US President- elect Donald Trump's proposed 25% tariffs on Canadian goods by potentially cutting off energy exports to the US, reported Daily Beast. According to Daily Beast, in a pretty recent press conference following discussions with Canadian Prime Minister Justin Trudeau and other important provincial leaders, Doug Ford actually emphasized on the fact that Ontario would utilize ‘every tool in our toolbox’ to protect its economy and citizens. He also stated that Ontario supplies electricity to near about 1.5 million US homes which are primarily located in Michigan, Minnesota and New York while halting these exports would be a significant measure if tariffs are enacted. Also Read: Silicon Valley CEOs rush to mend relations with Trump; Bezos, Sundar Pichai to meet the President-elect, Amazon to donate $1 million for inauguration

Pidilite Industries Ltd. traded at Rs 3150.90 on BSE at 12:04PM (IST) on Friday, 1.2 per cent from previous close. The scrip quoted a 52-week low price of Rs 2490.00 and a high of Rs 3414.40.

Sanjay Singh on Friday gave a suspension of business notice to discuss the Manipur situation in Rajya Sabha. Singh in his notice highlighted the 19-month-long «ethnic violence» in Manipur which resulted in the burning of hundreds of houses, the killing of innocent people and the displacement of thousands of families. «Respected Sir, the ethnic violence in Manipur for the last 19 months has exposed the failure of law and order in the State and the Government's negligence towards the safety of women. Hundreds of houses were burnt, many innocent people were killed, and thousands of families were displaced in this violence that started in May 2023. Women and children bore the brunt of this crisis,» Singh said in the notice.

Siemens Ltd. rose 1.02 per cent to Rs 7835.50 in Friday's trade. It hit an intraday high of Rs 7913.15 and low of Rs 7787.50, respectively, during the day. The stock quoted a 52-week high price of Rs 8129.95 and low of Rs 3817.00.