International Financial News

Reportedly, there were a series of incidents that have caused rifts between senior party leaders, particularly Kailash Gahlot and other top AAP functionaries. The growing mistrust, sources claim, stemmed from Gahlot's increasing proximity to Delhi's Lieutenant Governor (LG) VK Saxena and his perceived shift away from the party’s central leadership.

ousted former Prime Minister Sheikh Hasina and her close aides who face charges of crimes against humanity after hundreds of people were killed in a mass uprising this summer. Golam Mortuza Majumdar, the head judge of the three-member International Crimes Tribunal, set Dec 17 for investigators to finish their work, as the tribunal heard updates Monday from police about what the country's security agencies have done to arrest Hasina and her close aides. The decision came after prosecutors sought more time for the investigation. Hasina has been living in exile in India since Aug 5 when she fled the country amid the student-led protests. The Dhaka-based International Crimes Tribunal on Oct. 17 issued arrest warrants for Hasina and 45 others including former Cabinet ministers, advisors and military and civil officials. The country is now being run by an interim government headed by Nobel Peace laureate Muhammad Yunus.

international students in the United States, according to the latest Open Doors Report on International Educational Exchange. During the 2023-2024 academic year, over 331,602 Indian students pursued higher education at US institutions, representing a significant 23% jump from the previous year. This increase was primarily driven by graduate student enrollment, which saw a 19% rise to reach 196,567 students. The report also highlights a significant 41% increase in Indian students participating in Optional Practical Training (OPT) after graduation, reaching a total of 97,556. “The experience of studying in the United States not only shapes the lives of individuals, but the future of our interconnected world,” said Scott Weinhold, senior bureau official for the Department of State Bureau of Educational and Cultural Affairs. “The ties formed between US and international students today are the basis of relationships for future business and trade, science and innovation, and government relations.”

Kusal Mendis hit a patient 74 not out as Sri Lanka beat New Zealand by three wickets under the DLS method with six balls remaining in the rain-hit second ODI. Sri Lanka took an unassailable 2-0 lead in the three-match series with the final game also at Pallekele on Tuesday. Sri Lanka won the first one-day international by 45 runs — also by DLS — after rain disrupted that game at Dambulla. It was Sri Lanka's fifth ODI series win at home in 2024 after it had beaten Zimbabwe, Afghanistan, India and West Indies. Sri Lanka couldn't qualify for next year's Champions Trophy after finishing ninth at last year's 50-over World Cup in India, but has since then lost just one ODI series in Bangladesh while winning five at home. «It is really tough for batters to score runs here,» Sri Lanka captain Charith Asalanka said. «This is just another series. As a team, we are moving towards a big goal and we have to achieve that, this is a process.»

US dollar in early trade on Monday despite a stronger American currency and sustained outflow of foreign funds. Lower level of crude oil prices in the international market supported the recovery of local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 84.42 and strengthened further to 84.38 against the greenback, trading 8 paise higher from its previous close.

Telangana government has issued orders sanctioning Rs 205 crore for acquiring over 280 acres of land for the development of Mamnoor Airport at Warangal, after GMR Group which manages Hyderabad Airport issued «No Objection» certificate for operation of the aerodrome. According to the GO issued on Sunday, the Airports Authority of India (AAI) in July 2022, informed the state government that it is ready to develop Warangal Airport for A-320 type of aircraft for IFR (instrument flight rules) operations and is ready to bear the infrastructure cost, operational and maintenance of the proposed airport. A master plan has been prepared for the operation of A-320 type of aircraft for which an additional land measuring 253 acres is required from the state government of Telangana, free of cost and free from all encumbrances. The AAI also wanted the state government to take up the proposal and expedite handing over of the required land to the airports body and no objection certificate from Hyderabad International Airport Ltd.

Cochin Shipyard and Oil & Natural Gas Corporation (ONGC) along with Naukri-operator Info Edge among a host of other companies are likely to remain in focus today as they are approaching their ex-date, November 19, for the purpose of payment of the dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

World War Three, senior Russian lawmakers said on Sunday. Two U.S. officials and a source familiar with the decision revealed the significant reversal of Washington's policy in the Ukraine-Russia conflict earlier on Sunday. «The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning,» Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app.

Prime Minister Justin Trudeau says the federal government could have acted faster on reining in immigration programs, after blaming “bad actors” for gaming the system.Trudeau released a nearly seven-minute video on YouTube Sunday talking about the recent reduction in permanent residents being admitted to Canada and changes to the temporary foreign worker program.Over the next two years, the permanent residency stream is being reduced by about 20 per cent to 365,000 in 2027.In the video, Trudeau talks about the need to increase immigration after pandemic lockdowns ended in order to boost the labour market, saying the move helped avoid a full-blown recession.But after that, Trudeau says some “bad actors” took advantage of these programs, such as employers trying to avoid hiring Canadians, schools recruiting more international students for the higher tuition money, or scams promising bogus paths to citizenship.Trudeau says that he and his team could have acted quicker once it became apparent businesses didn’t need the added labour help anymore.Trudeau says the goal of the government’s immigration reduction is to help stabilize population growth while housing stocks catch up, and then to consider gradually increasing immigration rates once again.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India’s (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown against the ‘exuberance’ in personal loans have had an unlikely fallout: a dip in demand for off-roll workers. These are employees who work for banks and non-bank lenders but are on the payrolls of large staffing companies that supply such workers.

Netflix Inc's foray into live sports streaming with the boxing match between Mike Tyson and Jake Paul drew a massive global audience that peaked at 65 million viewers but resulted in thousands of complaints from viewers about connection problems and frozen screens. «We crashed the site,» said Paul after claiming victory over the 58-yr-old Tyson. «This is the biggest event.» In an internal company memo seen by Bloomberg News, chief technology officer Elizabeth Stone said the bout drew a maximum of 65 million viewers at any one time, rivaling some of the most-watched sporting events. Some of those viewers took to social media to vent their frustration over glitches in streaming the highly-anticipated showdown. More than 100,000 users reported network issues on the Downdetector website throughout the livestreaming, commenting on slow buffering and network issues. Netflix declined to comment on the outcome of the event. -Bloomberg

Adani Green Energy, India's largest private sector renewable power company, is looking to raise around $2 billion in the next few months in multiple tranches through international bonds and loans, according to people close to the development. The company will hit the bond market in the next few days with a $600 million issue, the people said. It had called off a $1.2-billion bond issue last month as investors demanded a higher yield due to geo-political issues then. It had last time given a price guidance for a fixed coupon rate of 7% for the 20-year bond. The pricing this time around is likely to be much higher, the people said. Yield on the 10-year US Treasury has been moving up in recent weeks, hitting its highest level since May 31.

Ali Khamenei, is reportedly in a coma, and his son, Mojtaba Khamenei, has allegedly been chosen as his successor, according to a report by Israeli media outlet Ynet News, which cited Iran International. Mojtaba Khamenei, the second son of the 85-year-old leader, was reportedly selected during a secret meeting of the Assembly of Experts on September 26. The meeting, convened at Khamenei’s request, was reportedly marked by intense pressure on the 60-member assembly to reach a unanimous decision, with alleged threats from Khamenei and his representatives. Over the past two years, Mojtaba Khamenei has reportedly gained significant influence within Iran's regime. Though rarely seen in public, he is known for his alleged role in suppressing the 2009 post-election protests. In 2021, he was granted the title of ayatollah, fulfilling a constitutional requirement to serve as Supreme Leader.

Subscribe to enjoy similar stories. New Delhi: India has adopted the global standard for CubeSat—a class of small satellites—as part of the Union government’s efforts to expand the country’s share in the global space economy, two people aware of the development said.

Some travellers who checked baggage on certain WestJet flights between 2014 and 2019 may now claim their share of a class-action settlement approved by the British Columbia Supreme Court last month and valued at $12.5 million.

That makes the combined UAE market, which includes exchanges in Dubai and Abu Dhabi, bigger than Milan or Madrid. While dwarfed by the nearly $3 trillion Saudi Arabian bourse, the UAE is larger than most emerging markets, barring a few like India and China, according to data compiled by Bloomberg.

Subscribe to enjoy similar stories. Faced with slowing growth in core segments like test preparation and white-collar upskilling, edtech operators are eyeing allied healthcare servives and nursing skilling as the next big opportunity.

Subscribe to enjoy similar stories. Non-resident Indians (NRIs) receive or send money to India quite often, and usually open a non-resident ordinary (NRO) or non-resident external (NRE) bank account, or both. But a lack of understanding of their correct use may spell trouble.

Warner Bros, Discovery and the NBA have settled a contentious legal dispute concerning broadcasting rights, marking a significant shift in their long-standing partnership. Under the terms of the new agreement, Warner Bros. Discovery will continue its coverage of NBA content, but with a focus on digital platforms and international markets, while conceding US TV game rights to competitors, as per Variety. The 11-year deal resolves the lawsuit Warner had filed against the NBA after the league decided to exclude the media giant from its new broadcasting arrangements.

Coldplay fans may just have some cold water thrown on their dreams to see the rock band perform live… due to a crisis of venues. A senior government official revealed that British rock band Coldplay initially chose Bengaluru as their preferred venue but shifted to Mumbai and Ahmedabad due to the city's lack of open arenas. «Major acts typically perform in large stadiums,» the official explained, highlighting how this limitation has also impacted other artists, such as A.R. Rahman, who canceled two Bengaluru shows for similar reasons. The official attributed the issue to the «short-sightedness of certain authorities, » to the Deccan Herald.

The global consultancy firm said in the report that China's economic deceleration, changing consumer preferences and the return of international travel are making growth in the country highly challenging, leading international fashion brands to look to other Asian markets. The firm further added that the global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years, adding that the regulatory incentives in these countries fuel manufacturer capability building.