International Financial News

Striking Greek public school teachers have marched in protest through central Athens as tensions grow between labor organizations and the center-right government over workers’ rights

In the face of a leadership challenge, Prime Minister Justin Trudeau says that the Liberal Party is “strong and united” despite frustrations within the caucus amid an internal revolt.

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.

Boeing reported a massive loss of more than USD 6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defence programmes. Boeing lost USD 9.97 per share for the period ended Sept 30, with an adjusted loss of USD 10.44 per share. Analysts polled by Zacks Investment Research were calling for a loss of USD 10.34 per share. Revenue totalled USD 17.84 billion, matching Wall Street estimates. The biggest news of the day, however, is likely to come Wednesday evening, when the International Association of Machinists and Aerospace Workers reveals whether striking union members will return to factories after crippling production.

Both sides should take on their international responsibilities and set an example for the development of other emerging economies, Chinese state broadcaster CCTV cited Xi as saying in a meeting with Modi on the sidelines of the BRICS summit in Russia's Kazan. PM Modi and Xi Jinping held their first bilateral talks in five years today, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover.

BRICS Summit, Prime Minister Narendra Modi underscored the importance of a united front against terrorism and terror financing. “In order to counter terrorism and terror financing, we need the single-minded, firm support of all. There is no place for double standards on this serious matter,” he said. Modi called for coordinated action to prevent youth radicalization, warning that failing to act could worsen the threat. He further emphasized the need to move forward on the «long pending matter in the UN of the Comprehensive Convention on International Terrorism.» Modi’s comments come against the backdrop of ongoing tensions within BRICS member countries. China's earlier move to block the designation of Pakistan-based terrorist Sajid Mir, involved in the 26/11 Mumbai attacks, as a global terrorist by the UN Security Council, highlighted ongoing differences. Nevertheless, Modi reiterated the need for collaboration, particularly on counter-terrorism measures, without selective approaches.

The U.S. government is fining American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period

Contract research and manufacturing services firm Syngene International on Wednesday reported a 9 per cent on-year decline in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company reported a profit after tax (PAT) of Rs 117 crore in the July-September quarter of last fiscal. Revenue from operations declined to Rs 891 crore in the September quarter compared with Rs 910 crore in the year-ago period, Syngene International said in a statement.

Subscribe to enjoy similar stories. Nearly a year after his departure from Axis Mutual Fund, Jinesh Gopani has resurfaced with a new alternative investment fund, Taksh AIF (a category III AIF). Its inaugural scheme is the Taksh India Enterprising Fund.

Subscribe to enjoy similar stories. NEW DELHI : India is taking significant steps towards financial inclusion and regulatory simplification, with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. In a consultation paper released on 16 October 2024, the market regulator proposed allowing Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities.

GoDaddy is one such company that aims to help small businesses to focus on their core competencies. In an interview with ET Digital, Laura Messerschmitt, President, International Independents, GoDaddy, and Selina Bieber, Vice President, International Markets, GoDaddy, say that the internet domain registry, domain registrar and web hosting company offers AI-powered tools in a variety of its products to small businesses who can benefit from the use of such advanced technologies. Edited excerpts: The Economic Times (ET): What’s GoDaddy's vision for empowering Indian small businesses? How can online opportunities, such as the benefit of using AI, help small business owners? GoDaddy (GD): In addition to being the world’s largest domain name registrar, GoDaddy is a trusted partner for small and medium businesses globally, simplifying the process of establishing and managing an online presence. GoDaddy’s vision is to empower entrepreneurs everywhere, making opportunity more inclusive for all. Our website builder tool allows business owners to create mobile-ready websites with customisable templates quickly and easily.

Radisson Hotel Group on Wednesday announced the signing of its sixth hotel in Bengaluru, the Radisson Hotel Bengaluru Aerospace Park, marking a significant expansion in India's Silicon Valley. This new property, featuring 157 rooms, is expected to be operational by the second quarter of 2027 and will create over 250 job opportunities across various functions. Strategically located just 20 minutes from Kempegowda International Airport, the Radisson Hotel Bengaluru Aerospace Park is set to cater to the growing influx of business travelers and corporate professionals.

Kim Jong Un has visited missile bases to examine their readiness to undertake actions of «strategic deterrence», while calling U.S. nuclear capabilities a growing threat to the country, state media reported on Wednesday. The U.S. strategic nuclear arsenal poses an «ever-increasing threat» to North Korea's security environment, which demands that Pyongyang maintain a strict counteraction posture of its nuclear forces, he was quoted as saying by KCNA. North Korea has been stepping up its development of ballistic missiles and a nuclear arsenal, drawing international sanctions, and forming close military relations with Russia.

EY) has terminated the employment of several employees in the United States for attending multiple online training sessions during the firm's learning week earlier this year. The company stated that this action violated its global code of conduct and ethics. The dismissals occurred last week, and some of the affected employees shared their experiences with The Financial Times.

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.

Bhargavi Mani, she fell victim to the scam at Bengaluru International Airport while attempting to access a lounge before her flight. In a viral video, the woman explained how she was duped by the scamsters. According to Mani, she was not carrying her physical credit card and showed a photo of it to the lounge staff. She was then told to download an app and complete a facial scan for security purposes. Mani downloaded the «Lounge Pass» app but decided to get coffee at Starbucks instead of using the lounge. Later, she found she could not receive calls and discovered strangers were answering her calls. Mani then realized her credit card had been fraudulently charged over Rs 87,000, which was transferred to a PhonePay account.

stocks whose retail holdings exceed institutional stake in them, have turned multibaggers in the last one year period. In this, nine are scrips of state-run companies. An ETMarkets analysis finds over 600 stocks with market capitalisation of Rs 500 crore or more where retail holdings (shares worth up to Rs 2 lakh) are above institutional holdings i.e. stakes held by foreign institutional investors (FIIs), domestic institutional investors (DIIs) and mutual funds.

Karur Vysya Bank has given a good set of numbers. City Union Bank yesterday has given a good set of numbers and a few of the PSU banks have given a good set of numbers as well," says Mayuresh Joshi, Head Equity, Marketsmith India. Broader markets is where the pain is pretty sharp but one of the stock that is holding out in this sort of a market is ICICI Bank. While one end of the market, you have ICICI Bank that is holding onto the positive territory. You have IndusInd Bank that has hit a 52-week low on an intraday basis today. What is your take when you talk about the banking space as a whole then? Mayuresh Joshi: So, two things, one, the numbers for most banks, specifically the larger ones have been pretty good. Axis Bank gave a good set of numbers. HDFC Bank, good set of numbers and the commentary was equally encouraging. Kotak had their one misses in the numbers itself, so quite a few one-offs in the numbers. Expectations that as rate cut cycle starts in India as well, some element of positivity expected to come through.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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Making Money host Charles Payne reveals how much the top 1% actually pay in taxes.