International Financial News
23.09 / 18:23
markets
UPS
CEO
Airlines
electronic
International
Pharmaceuticals
Airlines load big cargo plans for India
Key export sectors include electronics, pharmaceuticals, and perishables, with companies like DHL predicting a 20% annual growth rate in the industry. «We're bullish,» said Etihad CEO Antonoaldo Neves, highlighting that cargo potential from India. DHL CEO Pablo Ciano also identified significant growth areas in contract logistics and cross-border trade, emphasising that India's finished goods exports are growing at «20% year over year.» The logistics landscape is evolving, with increased investments in warehousing and fulfillment centers tailored to sectors like life sciences and healthcare.
23.09 / 18:23
markets
UPS
students
country
Schools
International
Destinations
World wide web of schools for our young: Indian students' dream to study abroad remains a steady one
Indian students are intent on adding that foreign education experience on their CV. As Canada, Britain and Australia set conditions and caps for foreign students, Indians are looking elsewhere. Barring the US, which continues to dominate the destination wishlist, students are now opting to study in countries that were previously not on their list for reasons such as language barrier, strict work-study norms and higher financial requirements. As some of the traditional favourite education destinations limit entry, others, particularly non-English-speaking countries, are improving the 'ease of onboarding international students'.
23.09 / 14:19
markets
Waters
Parke
ICE
show
International
Tugboat powered by ammonia sails for the first time, showing how to cut emissions from shipping
The tugboat used to run on diesel fuel. The New York-based startup company Amogy bought the 67-year-old ship to switch it to cleanly-made ammonia, a new, carbon-free fuel. The tugboat's first sail on Sunday night is a milestone in a race to develop zero-emissions propulsion using renewable fuel. Emissions from shipping have increased over the last decade — to about 3% of the global total according to the United Nations — as vessels have gotten much bigger, delivering more cargo per trip and using immense amounts of fuel oil.
23.09 / 13:45
UPS
Racing
Software
Inside
Interviews
International
Amazon fell behind in AI. An Alexa creator is leading its push to catch up.
Subscribe to enjoy similar stories. As one of the chief architects of Amazon’s Alexa, Rohit Prasad has been at the vanguard of artificial intelligence. Now, he is leading the company’s effort to catch up in the AI race.
23.09 / 13:45
markets
Google
CEO
AMD
performer
International
As AI matures, chip industry will look beyond GPUs, AMD chief says
Subscribe to enjoy similar stories. Future computer chips may be able to help ease the alarming energy demands of generative artificial intelligence, but chip makers say they need something from AI first: a slowdown in the sizzling pace of change. Graphics processing units so far have dominated the bulk of training and running large-scale AI models.
23.09 / 13:28
markets
students
Universities
country
testing
rights
International
The pitfalls of cheating on your TOEFL or GRE test
student visa in other countries), warns Sachin Jain, Country Manager of ETS India & South Asia. The TOEFL test, created by ETS is welcomed by over 10,000 institutions in more than 150 countries. It is universally accepted in major destinations like the United States, Canada, Australia, and New Zealand, and is recognized by over 98 per cent of universities in the UK. Thus, maintaining ethical practices not only safeguards your visa status but also enhances your chances of success in the competitive landscape of higher education.
23.09 / 13:15
security
show
electronic
Investigations
International
TD Bank moves to seize home of Russian-Canadian jailed for smuggling tech to Kremlin
TD Bank’s internal controls was focusing on how Chinese crime groups and drug traffickers used TD to launder money from its U.S. fentanyl sales.
23.09 / 12:37
markets
Provident
Action
inclusion
reports
rights
International
The United Nations has a plan to govern AI - but has it bought the industry's hype?
United Nations Secretary-General's Advisory Board on Artificial Intelligence (AI) has released its final report on governing AI for humanity. The report presents a blueprint for addressing AI-related risks while still enabling the potential of this technology. It also includes a call to action for all governments and stakeholders to work together in governing AI to foster development and protection of all human rights. On the surface, this report seems to be a positive step forward for AI, encouraging developments while also mitigating potential harms. However, the finer details of the report expose a number of concerns.
23.09 / 12:37
UPS
Cooper
Aviat
community
Relationships
International
Maharashtra govt approves renaming Pune airport to Jagadguru Sant Tukaram Maharaj Airport
Pune airport to Jagadguru Sant Tukaram Maharaj Airport. The decision was taken in a cabinet meeting and the proposal will be sent to the Centre. Minister of State for Civil Aviation and Cooperation, Murlidhar Mohol, while announcing the decision said, Jagadguru Sant Tukaram Maharaj was born in Lohgaon, where Pune International Airport is located. Not only this, Tukaram Maharaj spent his childhood in Lohgaon, so Lohgaon and Tukobarai have a close relationship, he wrote in a post on X. «Therefore, we have submitted this proposal to the state government along with the wishes of the villagers and all the warkari community in Maharashtra. Moreover, Tukobaraya contributed greatly to the propagation of Bhagwat Dharma through Varkari Sampradaya and gave a new thought to the society, which is relevant even today. Therefore, giving Tukobaraya's name to the International Insurance Association of Pune is a very joint feeling.»
23.09 / 09:11
markets
UPS
students
travelers
International
Destinations
Indians spent $1.6 billion on international travel in July
overseas travel spending, which accounted for 60% of the total remittances, up from 51% in July 2023. In July, Indians spent $1.6 billion on overseas travel, a sharp rise from $1.3 billion in June and the first-quarter average of $1.2 billion. This uptick was fueled by students traveling for international summer admissions and a surge in leisure travel, including destination weddings, during the first half of the month. Overall remittances during July showed a 16.7% increase year-on-year, with travel being the largest contributor, growing by 17.1%. Other categories like investments in equity and debt also saw significant growth, rising by 108.2% to $120.2 million, while remittances for medical treatment increased by 104.3% to $8.6 million. However, these categories represent a smaller portion of the total remittances. On the other hand, remittances for deposits declined by 16.8% compared to the previous year.
23.09 / 09:11
markets
UPS
Trade
show
Traffic
International
Noida Police issues 6-day traffic advisory for UP International Trade show: Here're routes to avoid
Noida Traffic Police have issued a traffic advisory regarding routes around Greater Noida ahead of the UP International Trade Show. Traffic restrictions will be effective from September 24 to 29 to ensure smooth traffic flow during the event, as reported by Jagran. Vice President Jagdeep Dhankhar will inaugurate the trade show, held at India Expo Mart from September 25 to 29. Commuters in Noida need to be aware of the restrictions and avoid routes with closures.
23.09 / 08:57
markets
UPS
Aviat
Airlines
wellness
Traffic
International
Why Goldman, Morgan Stanley are betting on SpiceJet despite all its troubles
SpiceJet has received a near-term tailwind with institutional investors lapping up its Rs 3,000 crore share sale. Foreign investors who have been allotted shares under the airline's Qualified Institutional Placement (QIP) include big names such as Goldman Sachs, Morgan Stanley, Societe Generale, Nomura Singapore and Discovery Global Opportunity (Mauritius) Ltd. The QIP was oversubscribed with 87 Indian and international institutions subscribing to the issue. In addition to the Rs 3,000 crore raised through its QIP, SpiceJet will also receive an additional Rs 736 crore from the previous funding round, further boosting its financial stability and growth plans. Why are big investors betting on recovery of SpiceJet despite the airline struggling with a wide range of issues from aircraft leases to staff salaries? Investors not only hope that SpiceJet is resilient enough to survive its manifold crisis but also consider the growth prospects of India's aviation sector. Also Read: SpiceJet shares rally 6% after Rs 3,000 crore QIP attracts marquee investors
23.09 / 07:47
markets
Provident
Digital
country
cover
inclusion
International
CBDCs Face ‘Chicken-and-Egg Problem’ When It Comes to Adoption: IMF
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
23.09 / 07:37
Aviat
Airlines
Boeing
Experts
electronic
reports
International
Electronic warfare spooks airlines, pilots and air-safety officials
Subscribe to enjoy similar stories. American Airlines Capt. Dan Carey knew his cockpit equipment was lying to him when an alert began blaring “pull up!" as his Boeing 777 passed over Pakistan in March—at an altitude of 32,000 feet, far above any terrain.
23.09 / 07:37
Digital
Software
Tesla
Battlefield
Traffic
International
Exploding pagers and the tech race with China
Subscribe to enjoy similar stories. Let’s call it Operation Chutzpah. If, as is widely believed, the Mossad detonated pagers and walkie-talkies used by Lebanese Hezbollah terrorists, killing dozens and wounding thousands, it will go down as an intelligence operation for the history books.
23.09 / 06:59
markets
UPS
Aviat
Airlines
reports
International
Air India's Transformation: A lot is going on to make it a world-class airline
Air India, now owned by the Tata Group, has embarked on a transformative five-year plan and a lot is going on. The airline is making billions-worth of investments in new aircraft, upgrading IT systems, revamping internal processes, and enhancing the consumer experience to shed its legacy image, ToI reported. “To transform an organisation which needed large investments both in terms of the infrastructure, people, processes, in every possible area and to build it up and bring it to this level and to continue to work towards building it to a world class airline is a tough and interesting journey… but we are moving at a very good pace,” said Rajesh Dogra, Chief Customer Experience Officer at Air India. After Tata Group acquired Air India in 2022, the first year focused on fixing the basics to meet customer and industry expectations. Dogra said, «The idea is to transform it from a legacy organisation which has had several issues into a new world class airline. A lot of focus was put on training programmes, recruitment.»
23.09 / 06:59
markets
Instagram
Actor
Universities
Pride
stage
International
Who is 19-year-old Rhea Singha, the new Miss Universe India 2024? She is a TEDx speaker, model and actor
Rhea Singha has been named Miss Universe India 2024, earning the right to represent the nation at the upcoming global Miss Universe pageant. The highly anticipated finale took place on Sunday in Jaipur, Rajasthan, where Rhea stood out among the competitors and secured the esteemed title. Following her victory, Rhea expressed immense gratitude and joy, reflecting on her journey to this achievement. She acknowledged the dedication and effort that brought her to this milestone and drew inspiration from previous titleholders. The grand finale took place in Jaipur, Rajasthan, on Sunday. Rhea was ecstatic after her great victory. Addressing the audience in an emotional speech, she said, «Today I won the title of Miss Universe India 2024. I am so thankful. I have done so much work to get to this level where I can consider myself worthy enough for this crown. I am so inspired by the previous winners.» Rhea wore a shimmering peach-golden dress for the finale. She walked the stage in a metallic red bikini for the swimsuit round and a white, red, and yellow outfit with a veil for the costume round. In her arms, she held a Shivling as well.
23.09 / 02:59
UPS
FIVE
Career
Death
stage
Equality
International
The importance of saying no in the office
Subscribe to enjoy similar stories. The recent death of a 26-year-old Ernst & Young (EY) employee has raised concerns about the toxic work culture in the corporate world. In an emotional note to the EY chairperson, the deceased’s mother highlighted how “the workload, new environment and long hours" took a toll on her daughter’s physical, emotional and mental health.
23.09 / 02:17
markets
Election
President
students
country
Investigations
International
Who is leftist leader Anura Kumara Dissanayake, Sri Lanka's newly elected president
Anura Kumara Dissanayake has emerged as Sri Lanka’s newly elected president, securing 42% of the vote in the country's first election since the 2022 economic collapse. The 55-year-old leader of the National People’s Power (NPP) coalition defeated his main rival, opposition leader Sajith Premadasa, who garnered 23% of the vote, while outgoing President Ranil Wickremesinghe trailed in third. The election witnessed a high voter turnout, with 76% of Sri Lanka’s 17.1 million electorate participating in what is seen as a crucial vote for the country's future.
23.09 / 00:27
markets
Provident
Booking
Gap
RAI
track
International
Index of labour demand, supply in book of job soon
The Ministry of Labour and Employment is developing the Occupational Shortage Index (OSI) in consultation with the International Labour Organization (ILO), a government official said. This is aimed at long-term labour market planning and development of policies to facilitate employment generation, he said. «We are looking to create an index that can provide a picture of demand and supply of workers in a particular occupation in each state,» the official said.
22.09 / 18:35
BLOCK
security
students
Universities
Colleges
Interviews
International
‘Alarming trend’ of more international students claiming asylum: minister
A “growing number” of international students are claiming asylum in order to stay in Canada after being allowed in on student visas, Immigration Minister Marc Miller says, calling it an “alarming trend.”
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