International Financial News

Subscribe to enjoy similar stories. The urgency of climate adaptation has never been more apparent. The recently released Adaptation Gap Report 2024 highlights progress in fulfilling the Glasgow Climate Pact yet underscores glaring inequities.

Bank of America Corp. in India have left the company amid an internal investigation on allegations of wrongdoing involving stock offerings, according to people familiar with the matter. The bankers involved are Debasish Purohit, co-head of investment banking at BofA’s India operation; Subhrajit Roy, country head of global capital markets; and Vikram Khaitan, a director in investment banking in India, the people said, asking not to be named because they’re not authorized to speak with media. BofA is still reviewing possible replacements, the people added. The US lender did not respond to a request seeking comment.

Indonesian President Prabowo Subianto has announced that his government plans to retire all coal and other fossil fuel-powered power plants within 15 years, while drastically boosting renewable energy capacity

Sneaking a little ahead of line to get on that plane faster

Subscribe to enjoy similar stories. Mumbai: Senior executives eyeing CEO roles should not simply bank on their leadership and business acumen to nail interviews. They may also have to field queries on everything from longevity and global warming to geopolitics, besides having to study financials and present a strategy plan to the board.

Subscribe to enjoy similar stories. The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence.

Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required as some of the shareholders of IndusInd International Holdings Ltd (IIHL) are residents of Hong Kong, a special administrative region controlled by China. According to Press Note 3, if an entity from a nation sharing a land border with India (China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan), or if a citizen or permanent resident of any such country is the beneficial owner of an investment in India, they are required to pursue investment through the government approval route. According to sources, the green signal from the DPIIT will help take forward the resolution plan submitted by Mauritius-based IIHL, which emerged as the successful bidder by submitting Rs 9,861-crore bid for the debt-ridden financial firm.

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

Ben Woolfitt has the perfectly rumpled look of a Canadian abstract painter of international renown. With his shock of white hair, black-rimmed glasses, green pants and a t-shirt that rides up over his belly when he sits at the kitchen table in his groovy, two-storey painter’s loft, it’s hard to imagine the artist hanging his easels anywhere else.

International Criminal Court to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, the White House said Thursday. «We remain deeply concerned by the Prosecutor's rush to seek arrest warrants and the troubling process errors that led to this decision. The United States has been clear that the ICC does not have jurisdiction over this matter,» a National Security Council spokesperson said. The statement made no mention of an ICC arrest warrant also issued for Mohammed Deif, the military chief of Hamas.

Assets in long-term funds domiciled in Europe increased to €12.3trn by month's end from €12trn at the end of September, according to Morningstar Direct. «Despite the setback in international markets – global equities fell by 2.2% in October while global government bond returns declined by 1.2% – investors continued to show positive sentiment, arguably driven by the decisions of the US Federal Reserve and the European Central Bank to cut interest rates,» Morningstar's senior international editor Valerio Baselli said. Bond funds attracted the highest level of monthly flows since July 20...

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

Rice borders on the sacred in Sierra Leone, which has one of the world's highest consumption rates

The Singapore pavilion at the United Nations climate talks offers attendees free beer with an ingredient that's surprising to many — treated wastewater

Consumer Financial Protection Bureau said. The new rule finalised on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said.

The fee increases will apply to several types of applications, including those for the restoration of temporary resident status, authorization to return to Canada, criminal rehabilitation for serious criminality, and Temporary Resident Permits (TRPs). Immigration, Refugees and Citizenship Canada (IRCC) has not yet released the updated application fees.

₹21,999 for the 8GB + 128GB model and ₹23,999 for the 8GB + 256GB configuration. It is currently open for pre-booking via Vivo India's e-store, with general sales commencing on 26th November.Buyers who pre-book can avail of a flat ₹2,000 cashback or choose an EMI option starting at ₹43 per day.

Subscribe to enjoy similar stories. India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. Non-resident Indians (NRIs) are increasingly drawn to opportunities ranging from equities and mutual funds to real estate and GIFT City’s tax-efficient investment avenues.

Oppo Find X8 is priced at ₹69,999 for the 12GB RAM + 256GB storage model, while the 16GB RAM + 512GB storage option is available at ₹79,999. It comes in two striking finishes: Space Black and Star Grey.For those seeking top-tier performance, the Oppo Find X8 Pro is priced at ₹99,999 for its sole variant with 16GB RAM and 512GB storage.

Also read: Google has kept a ‘lid’ on internal comms through concealment strategies amid antitrust fears, report saysThe company confirmed that the iQOO 13 will feature a Q10 LTPO AMOLED display with a 144Hz refresh rate and 2K resolution. The smartphone will come with a triple-camera setup consisting of a 50MP main camera with a Sony IMX 921 sensor, a 50MP Sony portrait sensor and a 50MP ultra-wide camera. On the front, it will feature a 32MP selfie camera.

Subscribe to enjoy similar stories. Coinciding with the recently held Art Mumbai, Jhaveri Contemporary opened Prabhavathi Meppayil’s eponymous first solo exhibition in Mumbai after 17 years. While Bengaluru-based Meppayil has kept a relatively low profile in her own country, she has been making waves internationally over the years.