International Financial News

Subscribe to enjoy similar stories. New Delhi: Bangladesh, the world’s largest garment producer, has opted to bypass India and ship its textile exports through the Maldives for onward distribution to global markets, hurting the cargo revenue prospects of India’s airports and ports amid strained bilateral ties, according to three people aware of the development. “Previously, Bangladeshi goods were shipped through Indian airports, but now they are rerouting shipments from other locations.

Trump donor Norm Champ details how the Biden-Harris regulations have been hurting Americans’ retirement funds on ‘The Bottom Line.’

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024

Striking workers at Boeing will vote on a new contract offer next week

Colm McLoughlin, an Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars a year, has died

As part of a sweeping two-year investigation into prison labor, The Associated Press found that correctional staff nationwide have been accused of using inmate work assignments to sexually abuse incarcerated women, luring them to isolated spots, out of...

As part of a sweeping two-year investigation into prison labor, The Associated Press found that correctional staff nationwide have been accused of using inmate work assignments to sexually abuse incarcerated women, luring them to isolated spots, out of...

Canadian Imperial Bank of Commerce hired three bankers, including Mizuho Securities veteran Rob Cicchetti, to build out its U.S. asset-backed securities business.

Originally from the southern Rivers State in Nigeria, where he got his undergraduate degree, Amaechi now works as a part-time teacher at a community college thanks to a scheme that allows students to stay on after they graduate and get work experience. But Amaechi's Optional Practical Training (OPT) benefit, which is linked to his student visa, is about to run out.

Air Canada raised its annual core profit forecast on Friday, as the country’s largest carrier benefits from strong demand for international travel and lower jet fuel prices.

Subscribe to enjoy similar stories. WHEN THE Bank for International Settlements (BIS) launched mBridge in 2021, a project aimed at revolutionising cross-border payments, it did so with much fanfare and, among some people, high expectations. The new system, which it was developing with China and others, would harness the power of digital currencies and the trustworthiness of central banks to make international financial flows faster, simpler and cheaper, it said.

logistics services provider the Rhenus Group, which entered India through a joint venture in 2010, is now expanding its business by focussing on smaller towns. It expects more demand for efficient logistics as e-commerce grows.

Joe Biden appeared to take a swipe at supporters of Donald Trump, drawing objections from the federal workers who document such remarks for posterity, according to two U.S. government officials and an internal email obtained Thursday by The Associated Press. Biden created an uproar earlier this week with his remarks to Latino activists responding to racist comments at a Trump rally made by the comedian Tony Hinchcliffe, who referred to the U.S. island territory of Puerto Rico as a «floating island of garbage.» Biden, according to a transcript prepared by the official White House stenographers, told the Latino group on a Tuesday evening video call, «The only garbage I see floating out there is his supporters — his — his demonization of Latinos is unconscionable, and it's un-American.»

Reserve Bank of India (RBI) seeking integration with its Centralised Information Management System (CIMS) platform, aiming for real-time verification of limit utilisation under the Liberal Remittance Scheme (LRS), said people familiar with the development. Under the LRS, Indian citizens can remit up to $250,000 per financial year for various permissible transactions. The move can also fast-track the inclusion of international credit card spending under LRS regulations, the people said.

A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrant

A former Disney worker has been arrested based on a complaint that says he hacked into servers at Walt Disney World in order to manipulate computer menus

A Paris commercial court has lifted a ban that had prevented Israeli defense companies from exhibiting weapons used by its military in the Mideast conflicts in Gaza and Lebanon at the upcoming Euronaval trade show

Pakistan International Airlines (PIA) was held at a hotel in Islamabad and shown live on the state-run PTV channel. The move to sell the PIA and other loss-making state-owned enterprises is part of the deal with the International Monetary Fund (IMF) that recently agreed to provide USD 7 billion to Pakistan. The government had pre-qualified six groups in June, but only a real-estate development company, Blue World City, participated in the final bidding process.

Kraken, one of the world's largest cryptocurrency exchanges, on Wednesday announced the layoff of 15% of its workers, a corporate restructuring and the appointment of a new co-chief executive. The cuts amounted to about 400 of the company's roughly 2,600 employees, two people with knowledge of the company said. They included two members of the leadership team: the chief operating officer, Gilles BianRosa, and the chief technology officer, Vishnu Patankar, two people said. Kraken named Arjun Sethi, a longtime Silicon Valley executive, as co-CEO, alongside Dave Ripley. Ripley became chief executive in 2023 after Jesse Powell, the company's founder, stepped down following internal struggles with employees.

Subscribe to enjoy similar stories. Countries in Asia-Pacific will need to spend big to adapt to climate change. But the cost of inaction could be higher, according to a new report by the Asian Development Bank.

IPL 2025 Retention Live Updates: The whole cricketing world is abuzz with the IPL 2025 Retention as the deadline draws near. All the 10 franchises will get time till 5 PM IST on October 31. 2024 to finalise their core group of players they want to retain from the previous season.