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Sales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb

More and more companies are looking to bring employees back into the office.

Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.

life sciences vertical, Pune-based mid-tier IT engineering services firm Persistent Systems expects the vertical to clock about two and a half times increase in revenue to $1 billion in the next three to five years. Revenue from the vertical is a little below $100 million per quarter and it is growing 71% year-on-year, chief executive Sandeep Kalra told ET, saying “that’s a dream come true”. The vertical’s contribution to the company’s total revenue has increased by 8 percentage points in the past four quarters, to 27.8% in the July-September quarter from 19.3% in the year-ago period.

BEIJING — Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure onApple.

Xi Jinping held their first formal talks in five years on Wednesday, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover. The two leaders met on the sidelines of the BRICS summit in the Russian city of Kazan, the Indian government and Chinese state media said, two days after New Delhi announced that it had reached a deal with Beijing to resolve the four-year military stand-off on their disputed Himalayan frontier. Relations between the world's two most populous nations — both nuclear powers — have been strained since a clash between their troops on the largely undemarcated frontier in the western Himalayas of Ladakh left 20 Indian and four Chinese soldiers dead in 2020.

Many car shoppers like the idea of hybrids, but not the upfront premium that often is thousands more than the sticker price of a non-hybrid model

Subscribe to enjoy similar stories. Wall Street is cranking up its complex bond machine again. Goldman Sachs this month sold $475 million of public asset-backed securitization, or ABS, bonds backed by loans the bank makes to fund managers that tide them over until cash from investors comes in.

Mirae Asset Mutual Fund has revised the exit load period of its five fund of funds (FoFs). The changes in exit load will be effective from October 30. The fund house stated these changes on a notice cum addendum. The exit load of four FoFs has been reduced to 15 days from the existing three months whereas for one fund, the exit load period has been increased from 5 calendar days to 15 days.

Life Insurance Corp. (LIC), which gets 96% of its new business from its agents, has recently introduced changes that have miffed them. Effective 1 October, modifications to endowment plans include a 7% reduction infirst-year agent commissions to 28%. LIC also plans to introduce a clawback clause, which would require agents to return part of their commission if a policyholder surrenders a policy within five years.

Subscribe to enjoy similar stories. Foreign Institutional Investors (FIIs) have carved out a niche in India’s equity markets, often identifying opportunities that local investors might miss. These global heavyweights, armed with experience navigating both emerging and developed markets, offer a unique perspective—melding international business acumen with an in-depth understanding of India’s growth potential.

Donald Trump on Tuesday hurled a series of personal attacks at Vice President Kamala Harris, calling her «lazy» — a word long used to demean Black people in racist terms — and repeatedly questioning her intelligence and stamina. At an event in Miami aimed at courting Latino voters, he said Harris was «lazy as hell» for not holding a campaign event. Trump's comments ignored that Harris spent her day in meetings in Washington and recording interviews with Telemundo and NBC. He referred to the first woman of color to lead a major party ticket as «slow» and having a «low IQ.» Later in the day during a rally in Greensboro, North Carolina, he called Harris a «stupid person» and went on to ask: «Does she drink? Is she on drugs?»

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Loan portfolio of microlenders reduced by 2.3 per cent quarter-on-quarter to Rs 4.32 lakh crore in April-June while NPAs surged, a report said. Notably, for the last few months, microfinance institutions, banks and small finance banks which extend MFI loans, have been reporting challenges on this portfolio, and the regulator has also flagged the same. Over-leveraging among the borrowers is being flagged as a key aspect, impacting asset quality. The report by Crif High Mark, a credit information company said, there was 17.2 per cent increase in the borrowers having more than five active loan accounts in June when compared with the year-ago period, with highest growth seen in West Bengal and Karnataka.

green energy sector. The state’s Industries Minister, MB Patil, announced the need for a policy to effectively capitalize on investment and production opportunities on Tuesday. With an estimated requirement of Rs 45-50 crore in capital and five gigawatts of power, the state aims to boost such projects. “As per experts, a location within a 20 km radius of Mangaluru port would be ideal for green ammonia and green hydrogen production,” Patil said while interacting with the state's Vision Group for Green Energy. He emphasized that achieving the state's renewableenergy goals will require close coordination between the Department of Large-Scale Industries and the Department of Power. A second meeting will be held with industrialists and potential investors to discuss the way forward. Patil also noted that there are suggestions to establish green industrial parks to attract more investments into the sector. Renewable energy company-- Avaada Energy’s CEO, Krishna Nair, who was present for the meeting, said the company has signed an MoU with Karnataka worth Rs 45,000 crore for green hydrogen production. «We can focus on electrolyte and battery production if the government introduces the right policies and incentives.»

Taiwan has rejected South Africa’s demand that it move its representative office in the country from the capital, Pretoria, to the commercial center of Johannesburg

Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

Xi Jinping on Tuesday left for Russia to attend the BRICS summit where he is expected to meet leaders of the member countries, including Prime Minister Narendra Modi on the sidelines. Xi will articulate China's vision for «greater cooperation» of the BRICS bloc, which has now expanded to 10 members, and «open a new era for the Global South to seek strength through solidarity» at the three day summit. The summit of Brazil, Russia, India, China and South Africa (BRICS), which now has expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, is being held in the Russian city of Kazan, about 900 km east of Moscow, from October 22 to 24. Xi left Beijing for the 16th BRICS Summit in Kazan at the invitation of Russian President Vladimir Putin, state-run Xinhua news agency reported.

Subscribe to enjoy similar stories. Last week, Hyundai Motor India raised close to ₹28,000 crore through its initial public offering (IPO). Data from Prime Database suggests that as of 17 October, 42 IPOs had raised more than ₹78,000 crore during 2024-25.

Subscribe to enjoy similar stories. The festive season kicked off with Ganesh Chaturthi in September, and with Diwali around the corner, the automotive sector can expect a surge in demand. Historically, this period has seen a significant uptick in vehicle sales as consumers buy new cars and bikes in droves.