Extreme Financial News

PM Modi pointed out some achievements of his government and said in the last 5 years, 13.5 crore people have come out of poverty. “International agencies are also saying that extreme poverty in India is on the verge of ending. This shows that the decisions and policies that have been made in the last 9 years, are taking the country in the right direction," PM Modi said.

New Delhi: Key for assisting developing countries with a combination of expertise, staying power, low-cost financing, leverage, and knowledge-sharing capabilities, multilateral development banks (MDBs) will need to transform themselves to effectively impact changes, Lawrence Summers and NK Singh have said in an article on Project Syndicate, a digital media platform. For the first time in nearly half a century, the global economy is fracturing rather than coming together due to high interest rates, threats of pandemic, and high debt burden.

New Delhi: The Lok Sabha on Wednesday passed the Forest Conservation (Amendment) Bill, 2023, which will exempt land within 100km of border that is needed for national security projects, small roadside amenities, and public roads leading to a habitation, from the purview of the forest conservation laws. The Bill was passed after a brief debate in the lower house of the parliament, before the session was adjourned for the day amid continued protests by opposition members over violence in Manipur.

New Delhi: Despite frequent disruptions, the union government has lined up 31 bills to be passed in the monsoon session, including two key ones that deal with forests and biodiversity. While the Lok Sabha passed the Biological Diversity (Amendment) Bill, 2023 with a voice vote on Tuesday; environment minister Bhupendra Yadav is scheduled to move the Forest (Conservation) Amendment Bill, 2023, which amends the Forest (Conservation) Act, 1980 in the Lok Sabha today. Mint takes a closer look at these two key pieces of legislation.

NatWest, one of Britain’s biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist

Manipur and supported the Indian Government's efforts to seek justice for them. A senior Biden administration official said that the US is ‘shocked and horrified’ by the visuals of the attack.

Scientists warn of a catastrophic event for global weather which can affect every person on the planet, if the world continues to emit pollution that heats the earth. A new study has been published in the journal Nature that found the Atlantic Meridional Overturning Current could collapse as soon as 2025, in the middle of the century.

Yamuna river in Delhi flowed below the danger mark of 205.33 metres on Wednesday but is expected to rise again following heavy rain in parts of the capital and upper catchment areas in the morning. According to the Central Water Commission (CWC), the water level at the Old Railway Bridge (ORB) stood at 205.09 metres at 9 am. The Safdarjung Observatory, Delhi's primary weather station, recorded 37.1 mm of rainfall in the 24 hours that ended at 8:30 am, meteorological office data showed.

BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support.

weather forecast, the Indian Meteorological Department has predicted heavy rainfall in parts of Madhya Maharashtra, Goa and Konkan, Marathawada, Karnataka, etc for Tuesday. The weather forecast agency has predicted heavy to moderate rainfall in states like Maharashtra, UP, Punjab,Telangana, etc till July 29.

Yamuna water level near the old Yamuna Bridge was recorded at 205.24 metres against the danger mark of 205.33 metres. It was 205.32 metres at 7:00 pm. The rise in water level has been a matter of concern, leading to a flood-like situation in the national capital and adjoining regions.

(Reuters) — Insurance company Chubb (NYSE:CB) beat estimates for quarterly profit on Tuesday as higher returns from its investments cushioned a hit from catastrophe-related claims.

A third successive heat wave in Greece pushed temperatures back above 40 degrees Celsius (104 degrees Fahrenheit) across parts of the country following more nighttime evacuations from fires that have raged out of control for days

The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon

Canadian police say the body of a child who went missing when the province of Nova Scotia was hit with extreme flooding has been recovered

A United Nations report says the Asia-Pacific region needs to drastically increase its investments in disaster warning systems and other tools to counter rising risks from climate change

Punishingly high temperatures have been stifling much of the Northern Hemisphere this summer, with record heat reported in swaths of North America and Europe, as well as parts of Africa and Asia. Last month was the hottest June ever recorded, according to the World Meteorological Organization. Early July saw the Earth’s hottest week on record.

Caicedo’s broad smile at fulltime said it all. She’s not only at the Women’s World Cup, but she won a game and she scored a goal. A cancer survivor, a Real Madrid star and now a scorer on her debut on the biggest stage in women’s football, the Colombia forward is an inspirational figure already at the age of 18.

The extreme heat blanketing the southern regions of the U.S., Mexico, and Europe this month would have been nearly impossible without the warming effects of human-induced climate change, according to a study released Tuesday by a group of European scientists who carry out rapid assessments of extreme weather events. The study by World Weather Attribution, a group of researchers based in London and the Netherlands, found that three separate heat waves in July across the Northern Hemisphere were made much worse because of decades of fossil-fuel emissions that have raised the planet’s average temperature by 2 degrees Fahrenheit since the late 19th century.

This led to the concept of the Fire Weather Index. It predicts the areas which are susceptible to wildfires by using the weather data. It adds the rate of fire spread with the fuel being consumed. By going through the Fire Weather Index, one can predict the susceptible areas of fire. The higher you are, the more prone to wildries you are. The Fire Weather Index has six levels of danger- the very low is less than 5.2 on the scale. Low danger between 5.2 and 11.2. Between 11.2 and 21.3 you have moderate danger. The high danger lies in the range of 21.3 and 38. Between 38 and 50 you have very high danger and extreme danger in beyond 50. You can understand the possibility of wildfire by keeping an eye on this index. Italy, Greece, Turkey, and Spain are the most prone to wildfires at present. Many places in Turkey are in the area of extreme danger. Most of the Greek islands are at high to very high risk. Spain, parts of southern Italy, and Sicily have a Fire Weather Index score of 38.Copernicus, a part of the European Space program runs the FWI. It uses the data collected from satellites as well as measured from the Earth.

Mahabubnagar district in Telangana following downpour as heavy rain continued to lash the state leading to inundation of low-lying areas and disruption of road links at several places in the state on Tuesday. The two teenaged girls, who were crossing the stream, did not realise the current of water and got swept away, police said. Their bodies were found by local people later, they said.