International Financial News

Microsoft has fired two employees who organized an unauthorized vigil at the company’s headquarters for Palestinians killed in Gaza during Israel’s yearlong war with Hamas

Evolv is warning its shareholders to no longer rely on recent financial statements, as the security technology company investigates employee misconduct related to “certain sales.”

Is there a conspiracy to oust New Jeans from their agency HYBE? Fans of the K-pop girl group got a huge shock after the music giant internal documents were made accessible to the public by the South Korean Ministry of Culture, Sports, and Tourism. Although the documents were quickly made private, citing potential public impact, netizens swiftly shared the legal details online. Among the disclosures was a strategic outline involving HYBE’s girl groups, suggesting a plan to phase out NewJeans. The documents indicated that with the addition of ILLIT to the label’s roster, alongside NewJeans and LE SSERAFIM, the groups had collectively been branded as “NEW-IL-LE.”

headline inflation trajectory is expected to moderate from the last quarter of this financial year, while unexpected weather events and worsening of geopolitical conflicts pose a major challenge, Reserve Bank of India Governor Shaktikanta Das said in Washington DC. On inflation, the RBI Governor spoke about ensuring inflation reaches to the 4% level on a durable basis. Pertinent to note that last week, the governor said that a policy rate cut would be very risky at this juncture. 'Resilient growth has given us the space to focus on inflation so as to ensure its durable descent to the 4 per cent target," Das said at the Macro Week 2024 organised by the Peterson Institute for International Economics at Washington DC.

Nirmala Sitharaman raised the issue for fairness and accuracy in sovereign ratings for emerging markets and developing economies (EMDEs) during her address at the International Monetary Fund's (IMF) 2024 Annual Meeting. Speaking in Washington, D.C., at the IMFC Plenary session on «Managing Director's Global Policy Agenda,» on Friday, Sitharaman emphasized that sovereign ratings should more accurately reflect the economic fundamentals of EMDEs, ensuring fair access to capital and improved ability to attract private investment. «There is need for sovereign ratings to adequately account for EMDEs economic fundamentals to ensure the cost of capital for them and their ability to attract private capital is factored in,» Sitharaman said.

Anyone who’s flown with a major airline in recent years knows the scourge of so-called “gate lice,” even if they could never put a name to these particular flouters of airline etiquette.

Cryptocurrencies are huge risks to financial stability, and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting it may create a situation where the central bank may lose control of money supply in the economy. «I am actually of the opinion that this is something which should not be allowed to dominate the financial system.

Volodymyr Zelenskiy's chief of staff said on Friday that a full withdrawal of Russian troops, and not just peace talks, were essential to ending his country's more than 2-1/2-year-old war against Moscow. The chief of staff, Andriy Yermak, was addressing an international meeting devoted to implementing a peace plan, one of several gatherings staged as a follow-up to last June's world «peace summit» hosted by Switzerland. «Don't expect this war to end when the warring sides begin to talk to each other,» Yermak told the gathering, according to the president's website. «Don't be deceived. This war will end when the last soldier of the occupying army returns home.»

Union Finance Minister Nirmala Sitharaman highlighted the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference and emphasized on embedding diverse voices in decision-making to ensure a truly inclusive and global development framework. She was speaking at the Development Committee Plenary session on 'A Future-Ready World Bank Group' at the World Bank during the Annual Meetings 2024 in Washington, DC. In her intervention at the session, Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like digital inclusion and sustainable energy.

Subscribe to enjoy similar stories. New Delhi: India is putting in place an ambitious plan to secure access to critical minerals in foreign countries by buying majority stakes in overseas companies, two people aware of the development said.

Subscribe to enjoy similar stories. The Competition Commission of India (CCI) is considering if there are grounds to open an investigation into the grievances expressed by a trade body against quick commerce platforms Zepto, Blinkit and Instamart.

India «stands ready to make every possible contribution towards restoration of peace» in Ukraine and West Asia, Prime Minister Narendra Modi said on Friday. The strategic partnership between India and Germany has emerged as a «strong anchor» at a time when the world is going through an era of tensions and uncertainty, he said here with Chancellor Olaf Scholz by his side after an inter-governmental commission meeting. «We both agree on ensuring freedom of navigation and adherence to the rule of law in accordance with international laws in the Indo-Pacific region,» Modi said.

quarter on weak refining margins. Revenue from operations increased 1% to Rs 1,17,952 crore. Shares in BPCL fell nearly 5% to Rs 305.95 apiece on Friday when the benchmark BSE Sensex ended 0.8% lower.

Revenues for the quarter rose 5% year-on-year to Rs 1,08,216 crore in the July-September quarter.

demand for gold bars and coins remains strong during the festive season, partly fuelled by the rise in gold prices and expectations of further increases. This trend is further enhanced by sales across online marketplaces, making gold more accessible, according to a World Gold Council report released on Friday. High prices coupled with an inauspicious period in the Hindu calendar for making purchases of valuable items from mid-September to early October, kept consumers away from jewellery buying. However, market reports indicate early signs of a resurgence in gold buying due to various ongoing festivals, with demand largely driven by wedding purchases. Retailers are actively implementing marketing campaigns to stimulate sales, said Kavita Chacko, Research Head, India of World Gold Council.

hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its vessels with Patriot interceptor missiles, two senior defence officials said. One industry official said putting the highly agile Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, used primarily in the U.S. by the Army, aboard Navy ships anticipates advances in Chinese missile technology, including the use of highly manoeuvrable hypersonic weapons. Integrating the Lockheed Martin-made missiles with ships' air defences comes amid simmering tension in the Indo-Pacific region as China rapidly modernizes its military, and in the wake of successful missile defense efforts in Ukraine and the Middle East.

Subscribe to enjoy similar stories. Months after slipping into the hands of Byju’s lenders, Great Learning is back in the black, mapping out an ambitious new chapter that could lead to an initial public offering (IPO). Flush with profitability and bolstered by organic growth, the edtech platform is now charting a course away from the turbulence at its former parent, Byju’s.

Russian pilots into participating in a fake calendar project. This initiative aimed to reveal the identities of the pilots involved in a deadly airstrike on a theatre in Mariupol, where civilians sought shelter. Members of the volunteer-based international intelligence community, InformNapalm, successfully persuaded multiple wives to pose in front of a Russian fighter jet, wearing their husbands’ medals.

Hindustan Petroleum Corporation (HPCL) on Friday reported that its consolidated net profit fell 97.5% year-on-year (YoY) to Rs 142.67 crore as against Rs 5,826.9 crore reported in the corresponding quarter of the last fiscal year. HPCL’s revenue for the quarter rose 5.3% YoY to Rs 1,07,754.9 crore, up from Rs 1,02,288.6 crore in the corresponding quarter of the previous year.

Akasa Air has kicked off a network-wide Diwali sale, offering, what they called, enticing fares to make this festive season brighter for travelers. From October 24 to October 27, 2024, travelers can take advantage of discounts of up to 15% on basic fares for international flight bookings by using the promo code DIWALI15. Domestic travelers are also in for a treat, with all-inclusive one-way fares starting as low as Rs 1,499. This limited-time offer is designed to cater to a wide range of travel needs, ensuring that families can reunite and celebrate Diwali without breaking the bank, the airline said. Bookings can be made through various channels, including the Akasa Air website, the mobile app, and authorised travel partners. The promotion is applicable to 'Saver' and 'Flexi' fare categories, making it easy for travelers to choose the option that best suits their plans. To avail of these attractive fares, customers must book their flights at least seven days in advance.

Canada's government has unveiled a new immigration plan for 2025–2027 aimed at balancing population growth with economic and social stability. Immigration Minister Marc Miller emphasized that while immigration is crucial for economic strength, the country must address pressures on housing, infrastructure, and social services. Below are the detailed changes and their implications. “Today’s announcement is the next step in our plan to address the evolving immigration needs of our country. While it’s clear our economy needs newcomers, we see the pressures facing our country, and we must adapt our policies accordingly," Miller said. «These changes will make immigration work for our country so that everyone has access to the quality jobs, homes and supports they need to thrive. We have listened to Canadians, and we will continue to protect the integrity of our system and grow our population responsibly,” he added.