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Muhammad Yunus has been appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin. The decision, made during a meeting on August 6 night between President Shahabuddin and the coordinators of the Anti-Discrimination Student Movement, aims to fill the leadership void created by the ouster of Prime Minister Sheikh Hasina. The heads of Bangladesh's three armed forces were also present at the meeting. Muhammad Yunus, known as the «banker to the poorest of the poor,» is stepping into this role years after a significant fallout with Hasina. Yunus was removed from his position as head of Grameen Bank in 2011 by Hasina's government, which led to widespread public outrage. Thousands of Bangladeshis protested his removal by forming a human chain. Now, the banker who had a tiff with Sheikh Hasina, is the one who will fulfill the duties of the ousted PM of Bangladesh as the head of the interim government.

SoftBank Group Corp. has cut $2.6 billion off the fortune of its founder Masayoshi Son, as the tech investor is buffeted by the Bank of Japan’s earlier-than-expected interest-rate hike. Shares were down 8% Friday in Tokyo. Over two days, the technology conglomerate is down roughly 14%. Even after the recent plunge, Son is up about $2.7 billion from the $11.3 billion he began the year with, according to the Bloomberg Billionaires Index.

Paris Olympics 2024 has become a news fest, riddled with major controversies and incidents that have started off, right from the point athletes stepped into the Olympic Village, followed by the opening ceremony, and now some more issues around respective events at the Olympics, that may have some eyebrow-raising rules and regulations.

The Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks to the federal government’s latest effort to bolster the nation’s coffers. The policy change, which was introduced in Budget 2024 and came into effect on June 25, increases the capital gains inclusion rate for corporations and trusts from one-half to two-thirds and applies the same rate for individuals on yearly gains exceeding $250,000.

The Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks to the federal government’s latest effort to bolster the nation’s coffers. The policy change, which was introduced in Budget 2024 and came into effect on June 25, increases the capital gains inclusion rate for corporations and trusts from one-half to two-thirds and applies the same rate for individuals on yearly gains exceeding $250,000.

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.  

QXO Inc., a company that had boasted an implied valuation of more than $90 billion at one point last week, burned some investors badly late Monday when its thinly-traded shares spiraled sharply downwards.

Airline catering workers are threatening to go on strike next week if they don't get pay raises and better health insurance

Dexcom shares closed more than 40% lower on Friday after the glucose monitor maker slashed its annual revenue forecast due to the fallout from a salesforce revamp, prompting some analysts to question its long-term prospects. The company's shares closed at a four-year low of $64, wiping out $25.45 billion from its market value.

Prince Harry says his crusade against British tabloids has contributed to his royal family rift

asset management companies (AMCs), real estate, consumer, defence, OMCs and select stocks in the new age space according to estimates by top brokerages. Here's what they say on sectors, stocks:

Stocks that traded heavily or had substantial price changes on Monday: Ryanair, Verizon fall, Reddit, Clearwater Paper rise

Joe Biden ending his reelection bid and endorsing Vice President Kamala Harris, Democrats now must navigate a shift that is unprecedented this late in an election year. Democrats are set to hold their convention in Chicago on Aug. 19-22. What was supposed to be a coronation for Biden now becomes an open contest in which nearly 4,700 delegates will be responsible for picking a new standard-bearer to challenge Republican Donald Trump in the fall. The path ahead is neither easy nor obvious, even with Biden endorsing Harris. There are unanswered questions about logistics, money and political fallout.

MUMBAI : Medikabazaar’s founders Vivek Tiwari and Ketan Malkan may not be awarded the stock options due to them this year as a fallout of financial discrepancies that have surfaced in yet another instance of corporate misgovernance among Indian startups. The company’s board is contemplating cancelling the management stock options that were due to the founders at the end of June, expecting Medikabazaar to not meet its revenue and operational earnings targets for 2023-24, according to three people familiar with the deliberations.

NOTE:The following article contains content that some might find disturbing. Please read at your own discretion.

Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market.

₹2 trillion as MSP – ₹35,000 crore more than what they got in the previous season, Union railways minister Ashwini Vaishnaw said while briefing the media on the cabinet decisions."The hike in MSP of kharif crops is in line with the PM Modi's third term vision of policy continuity to support farmers and boost their income," Vaishnaw added.Read Also: Budget 2024 Expectations: Agri-credit to fertilizer subsidy—here’s what agriculture sector expects this yearThe highest increase came for oilseeds nigerseed and sesamum.

decision last month in the Patanjali Ayurved case, the ministry of information and broadcasting mandated that beginning 18 June all advertisers had to declare compliance with cable TV rules and advertising codes for all their ads.The apex court also directed Union ministries and authorities to take action against fast-moving consumer goods companies indulging in false campaigns.Advertisers have complained that uploading hundreds of pages of documents daily would only result in bureaucracy, especially in the absence of any mechanism to evaluate or monitor the declarations. Industry bodies have been trying to engage with the government to find an alternative.

Boeing had another weak month for aircraft sales in May, taking orders for just four new planes

Lok Sabha and Assembly elections in Andhra Pradesh has shaken up a string of political families resulting in discord and estrangement. Siblings took on each other, a son contested against his minister-father while a determined wife was cajoled to stop competing against her husband at the last moment, among others. In this battle of blood relatives, YSRCP chief and outgoing Chief Minister YS Jagan Mohan Reddy faced a real challenge from his sister, Andhra Pradesh Congress chief Y S Sharmila who emerged as a 'thorn in the flesh' for him. After experimenting with politics in Telangana through the YSR Telangana Party (YSRTP) and merging it with Congress, Sharmila took over the reins of the grand old party in Andhra Pradesh to target her brother on a daily basis, accompanied several times by her cousin Suneetha Narreddy.

Exit polls pose several layers of complexity in India. The sheer size of the electorate pushes pollsters to increase their sample sizes, stretching resources of all players. Competition among media organisations doesn't allow polling agencies to pool resources, which could improve forecasting outcomes. Polling is also less reliable in multi-contests, a hallmark of Indian politics. It becomes more difficult to predict seats from vote shares when swings for and against aren't restricted to two options, like in US or British elections. A fallout of multi-party democracy is pre-poll alliances that cloud intertemporal comparisons.