Fighting Financial News

Adidas has brought in $437 million from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye West

The U.S. military is considering putting armed personnel on commercial ships traveling through the Strait of Hormuz, in what would be an unheard of action aimed at stopping Iran from seizing and harassing civilian vessels

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

Russian shelling has damaged a landmark church in the southern Ukrainian city of Kherson that held the remains of Prince Grigory Potemkin until last year

Delhi Chief Minister Arvind Kejriwal on Thursday accused the BJP of backstabbing the people of the national capital after Lok Sabha passed a bill to replace an ordinance promulgated for handling the transfers and postings of senior officers in the city government. Kejriwal lashed out at the BJP and Prime Minister Narendra Modi, and urged people not to believe anything the PM says. «BJP always promised to give full statehood to Delhi.

the debate on Delhi ordinance bill in Lok Sabha, the Union Home Minister made it clear that the central government has the power to make laws on Union territories and Delhi, being a Union Territory, the Centre enjoys full rights to make rules also. “Services have always been with the Central government. Supreme Court gave an interpretation...From 1993 to 2015 no Chief Minister fought.

By Edward McAllister

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

Pakistan Prime Minister Shehbaz Sharif showed his willingness to talk to India, the Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi on Thursday said that India wanted neighbourly ties with Pakistan but there should be an atmosphere free from terror and violence for such a relationship. During a weekly briefing of MEA, Bagchi said, «We have seen reports regarding the comments by the Pakistan PM on this issue. India's clear and consistent position is well known that we desire normal relations with all our neighbouring countries including Pakistan.

Apple for failing to remove material deemed to be «false information» about Russia's military actions in Ukraine. A justice of the peace in a magistrate's court, which handles administrative violations and low-level criminal cases, found Apple guilty of failing to delete podcasts and apps that spread false information about the conflict, Russian news agency Interfax reported.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Union Home Minister Amit Shah on Thursday addressed the Lok Sabhs as he moved a Bill to replace the Ordinance for control of services in Delhi for consideration and passing in the House and targeted the Aam Aadmi Party (AAP) government which has relentlessly been opposing the Bill. While moving the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, Amit Shah said that there are provisions in the Constitution that allow the Central government to make laws for the national capital.

Australia is the most prolific country in the world per capita for climate change litigation, according to a United Nations report that has lauded the activist role of youth and Indigenous groups.

mobile internet services have been suspended till August 5 in Nuh, and violence-hit places, according to PTI reports. In an order, Additional Chief Secretary (Home) T V S N Prasad said, “As per the recommendation of ADGP, CID... the (earlier) orders are hereby partially withdrawn/relaxed only for today, that is 03.08.2023 from 1300 hrs to 1600 hrs in respect of districts Nuh, Faridabad, Palwal and territorial jurisdiction of subdivision Sohna, Pataudi and Manesar of Gurugram district.

Democrats and Republicans on Wednesday traded blame for the downgrade, with a group of hard-right conservatives promising to dig in during a looming spending fight that could shut down the federal government as soon as Oct. 1.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

smartphone use curbed under new rules unveiled Wednesday aimed at fighting internet addiction. Under the restrictions, set to come into force on September 2 following a public consultation, anyone under the age of 18 will be cut off from accessing the internet with a mobile device between 10 pm and 6 am.

Edward Price is principal at Ergo, a global intelligence, consulting, and forecasting firm. A former British trade official, he also teaches at New York University’s Center for Global Affairs.

inflation is getting tougher. While concerns over the monsoon seem to dispel, food inflation might yet remain high. The RBI has recently said that the fight is far from over and monetary policy has to stay the course to align inflation with the target in this last leg of a strenuous journey. India's retail inflation rate is likely to breach the central bank's 6% tolerance ceiling again due to sticky pulses and cereal prices even as vegetable price pressures ease, pushing policymakers to raise inflation target in August meeting, Nomura has said in a report. Factors other than the monsoon have been increasingly shaping food inflation. A case in point is the 6%+ inflation print in three of the past four normal monsoon years, argues a Crisil report. Monsoon has been normal/above-normal at an all-India level over the past four years. Predictably, foodgrain production has risen in these years. Even then, food inflation, as measured by CPI, remained above 6% in three of these four years. The southwest monsoon started with a delay and stayed in deficit in June. However, it caught up well in July, and currently stands at normal (4% above long-period average, or LPA) as of August 1.

Elon Musk's social media platform X is aiming to challenge a verdict by an Indian court, which stated that the platform failed to comply with government directives to take down certain content, reported Reuters. The company asserts that this ruling might empower New Delhi to block additional content and expand the possibilities of censorship. X, previously recognized as Twitter, attempted to reverse official mandates in July 2022, requiring the deletion of specific material from its platform.