International Financial News

Anand Mahindra. Mahindra expressed his interest in the concept, noting that capsule hotels, first popularized in Japan, could be a great addition to India’s budget travel scene. He questioned his followers, asking if they would feel claustrophobic in such a small space, sparking a discussion about the idea’s viability in India. The woman, Somya, founder of The Modern Nomads, described her stay as a perfect solution for layovers in the NCR region. Living in Dehradun, Somya frequently travels internationally from Delhi, often arriving the night before her flight. She explained that staying with friends can be a distraction due to socializing, and hotels in the area are either too expensive or some budget hotels being of questionable quality. For her, the pod hotel was a more practical option, offering a private and affordable place to sleep before long international flights.

Subscribe to enjoy similar stories. Hezbollah is dealing with some disagreement among its ranks over how to respond to a series of devastating attacks on the Lebanese militant group, according to people familiar with the group’s deliberations. With no good options available, the group faces one of the most consequential decisions in its four-decade history.

Azerbaijan, the UAE, and Brazil — the past, current, and next hosts of the UN climate conference — are set to increase their combined oil and gas production by 33 per cent by 2035, contradicting their commitments to lead global efforts for stronger climate action, according to a new analysis. The analysis, compiled by the US-based research and advocacy group Oil Change International using industry data, shows that the UAE and Brazil are on track to increase production by 37 per cent and 38 per cent, respectively, by 2035. Azerbaijan, which will host COP29 in Baku in November, is projected to see a four per cent rise in production. At the last UN climate summit in Dubai in November-December 2023, leaders made a historic commitment to transition away from fossil fuels, triple renewable energy capacity and double energy efficiency by 2030. Oil Change International said that the ongoing expansion of oil and gas investments undermines these commitments.

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country’s history

Southwest Airlines is planning to cut about one-third of its flights in Atlanta next year to save money, and employees affected by the change are furious

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive in installments over 37 months — is aimed at boosting Pakistan's ailing economy, officials added. Prime Minister Shehbaz Sharif in a statement hailed the deal that his team had been negotiating with the IMF since June. He thanked Kristalina Georgieva, the head of the IMF and her team, for the approval.

UPI transaction. UPI is, thus, advantaged among digital payment methods like IMPS, NEFT, RTGS, and those involving debit and credit cards and prepaid payment instruments, which are chargeable. Questions remain over whether users or taxpayers should foot the UPI bill, and how these charges are to be structured.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Mexico finalized plans to take control of a port and quarry owned by Vulcan Materials Co. on its Caribbean coast, deepening tensions days before the nation’s president leaves office.

Rishabh Pant returned to the international Tests in the Bangladesh series post his recovery after a serious car accident and immediately stamped his class. His brisk scores in India's first match of the series, including a century in the second innings, has brought him back to ICC Test rankings and he is in sixth position. The top 10 rankings in Tests released by ICC in Tests and ODIs saw ups and downs after some intense international cricket action. Yashasvi Jaiswal (751) has moved to fifth rankings, also helped by half-century in the first innings of the Bangladesh match. Pant is behind him at 731 rating points.

ADF Foods Ltd.(up 4.75%), JHS Svendgaard Laboratories Ltd.(up 4.29%), Mrs. Bectors Food Specialities Ltd.(up 1.09%), Prataap Snacks Ltd.(up 1.06%), Nakoda Group Of Industries Ltd.(up 1.03%), Patanjali Foods Ltd.(up 0.95%), Heritage Foods Ltd.(up 0.60%), Hindustan Foods Ltd.(up 0.57%), Honasa Consumer Ltd.(up 0.50%) and Bikaji Foods International Ltd.(up 0.09%) stood among the top gainers.

India Power Corporation Ltd.(up 9.96%), Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 4.79%), Hitachi Energy India Ltd.(up 4.28%), Power Grid Corporation of India Ltd.(up 3.92%), KEC International Ltd.(up 3.66%), CESC Ltd.(up 2.58%) and Power and Instrumentation(Gujarat)Ltd.(up 2.00%) stood among the top gainers.

Bangladesh will soon take steps to hold negotiations with India over the sharing of water of transboundary rivers, an adviser of the interim government said on Wednesday. India and Bangladesh were set to sign a deal on Teesta water sharing during then-Prime Minister Manmohan Singh's visit to Dhaka in 2011, but West Bengal Chief Minister Mamata Banerjee declined to endorse it, citing a scarcity of water in her state. Speaking at a seminar titled 'Bangladesh's Fair Share of Water in Shared Rivers' here, Water Resources Adviser Syeda Rizwana Hasan said Bangladesh would soon take steps to hold negotiations with India over the sharing of water from transboundary rivers, state-run BSS news agency reported.

Vivo V40e starts at Rs. 28,999 for the base model with 8GB RAM and 128GB storage, while the 256GB variant is available for Rs. 30,999.

India Power Corporation Ltd.(up 9.08%), Reliance Power Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.30%), Power Grid Corporation of India Ltd.(up 4.22%), Hitachi Energy India Ltd.(up 2.87%), KEC International Ltd.(up 2.05%), Gujarat Industries Power Company Ltd.(up 1.64%) and CESC Ltd.(up 1.59%) were among the top gainers.

suicide pod.”The “Sarco” pod has been in the works for years, but up until now has never been used.The Sarco pods — short for sarcophagus — allow a person to control their death inside the pod by quickly reducing internal oxygen levels. The person intending to end their life is required to answer a set of pre-recorded questions, then press a button that floods the interior with nitrogen.

Muhammad Yunus, stressed on the urgent need for the repatriation of Rohingyas during a high-level meeting at an event on the sidelines of the 79th United Nations General Assembly in New York on Tuesday. During the high-level UN event in New York, on the Rohingya crisis, Yunus highlighted the significant challenges that Bangladesh has been facing due to the presence of over 1.2 million displaced Rohingyas from Myanmar. Yunus pointed out that while Bangladesh has shown empathy in hosting the Rohingyas, the costs associated with this situation--social, economic, and environmental--are considerable. He emphasised that Bangladesh has reached its limits, adding that repatriation remains the only sustainable solution to the ongoing crisis.

England captain Harry Brook delivered a commanding performance, scoring his first one-day international century to guide his team to a 46-run victory over reigning world champions Australia in a rain-interrupted match in Durham on Tuesday. The win keeps England's hopes alive in the five-match series, which now stands at 2-1 in Australia's favour with two matches remaining. Chasing a target of 305, England were in trouble early at 11-2 after left-arm quick Mitchell Starc dismissed openers Phil Salt (0) and Ben Duckett (8) within the space of four deliveries.