International Financial News

AAP) national convenor Arvind Kejriwal is set to resign as chief minister on Tuesday. Kejriwal convened a meeting of the political affairs committee, the highest decision-making body of the party, on Monday evening to discuss threadbare his decision to quit the top post and the probable names. The four Cabinet ministers were also invited for the meeting. Emerging from the meeting, senior minister Saurabh Bharadwaj said, «The chief minister had convened the meeting of PAC and also called the Cabinet ministers. He held one-on-one discussions with all the members of PAC and the ministers. This will now be carried forward with a second round of meetings with MLAs on Tuesday morning.» According to sources, Kejriwal conveyed to the senior leaders the reasoning and timing of his decision to resign. A senior leader, who did not wish to be identified, told ET, «The timing has confused the party cadres who are unable to understand why is the chief minister quitting now. If at all he had to resign he could have when he was sent to jail.» Sources said that Kejriwal went to great extent to explain this to the senior leaders present in the political affairs committee meeting. He told leaders that quitting at the time of imprisonment would have been seen as admission of guilt for a crime he had not committed.

Iran's new reformist President insisted Monday that Tehran didn't want to enrich uranium at near-weapons grade levels but had been forced to by the US withdrawal from its nuclear deal with world powers. The comments by President Masoud Pezeshkian at his first news conference, underlines a campaign promise he made to try to see international sanctions on the Islamic Republic lifted. However, it remains unclear just how much room for negotiation Pezeshkian will have. «I think, we said many times, we don't want to do this at all. We want to solve our technical and scientific needs, we are not looking for nuclear weapons,» Pezeshkian said. «We adhered to the framework written in the (nuclear deal). We are still looking to maintain those frameworks. They tore them, they forced us to do something.»

Michaela DePrince, a 29-year-old ballerina who was well-known for her inspirational journey from war-torn Sierra Leone to the international stage, sadly passed away on September 10. Her family acknowledged that she passed very suddenly, but they withheld the cause. DePrince was well-known for both her groundbreaking work in ballet and her appearances with Beyoncé, as per the reports of Yahoo news.

Vladimir Putin on Monday ordered the regular size of the Russian army to be increased by 180,000 troops to 1.5 million active servicemen in a move that would make it the second largest in the world after China's. In a decree published on the Kremlin's website, Putin ordered the overall size of the armed forces to be increased to 2.38 million people, of which he said 1.5 million should be active servicemen. According to data from the International Institute for Strategic Studies (IISS), a leading military think tank, such an increase would see Russia leapfrog the United States and India in terms of the number of active combat soldiers it has at its disposal and be second only to China in size. The IISS said Beijing has just over 2 million active duty service personnel.

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Mercedes Benz has firmed up plans to locally assemble a second electric vehicle in the country enthused by demand for these cars, which have received bookings totalling Rs 400 crore in the past couple of weeks. The company, which launched Mercedes Benz Maybach EQS680 SUV priced at Rs 2.37 crore (on-road, Delhi) last week, has received 50 bookings for the top-of-the-line electric car. Mercedes has additionally received 80 bookings already for the electrified version of the G Wagon, which is slated to go on sale by the end of this year or early next year. Mercedes Benz EQG will be priced at Rs 3.5 crore. The company’s total order bank for internal combustion engine (ICE) and electric models together stands at about 1800-2000 units, currently. Mercedes Benz India Managing Director Santosh Iyer told ET, “There is currently no other option for emission free mobility than electrification. And we need to aid penetration by introducing electric cars at varied price points to our customers. The EQS SUV 580 will be the second electric vehicle that we assemble locally, which has helped us to price it competitively.” The EQS SUV 580 is priced at Rs 1.41 crore.

The Twelve has been renewed for a third season. The courtroom drama series will feature actor Sam Neill. The production is underway. The series will be available on the streaming platform Binge, which is operated by Foxtel.

Subscribe to enjoy similar stories. A tough job just got much tougher for Boeing’s new CEO. When the jet maker’s largest union went on strike Friday, the walkout compounded the list of problems facing Kelly Ortberg, who took Boeing’s top job five weeks ago.

Subscribe to enjoy similar stories. SAIC Motor's India joint venture JSW MG Motor India on Monday said it will launch a new sales channel brand, ‘MG Select’ which will bring hybrid, plug-in hybrid vehicles and electric vehicles (EVs), picked from SAIC's global new energy vehicle (NEV) portfolio to Indian consumers under an accessible luxury banner. The new sales channel, akin to a Nexa from Maruti Suzuki, but more high-end, will cater to a growing base of premium car buyers, particularly those over 30 years of age, looking for cars priced above ₹30-40 lakh.

Adani Group on Monday clarified in a press release that the company or its subsidiaries had not issued any statement regarding Kenya. It said that multiple fraudulent press releases were circulating, including one titled 'Adani Group Denounces Baseless Accusations and Threats', regarding the Group's presence in the African country. The Group said that this was deceitful and urged everyone to «disregard these fake fraudulent releases completely». The release added that it would take legal action against anyone involved in spreading false narratives.

«What I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out?,» says Sachin Jain, Regional CEO India, World Gold Council Gold prices have hit a record high of $2,570 per ounce. Do you expect this upward trend in gold prices to continue? What is your internal estimate? Where do you see the prices to be going forward because foreign brokerages are expecting gold prices to touch around $2,700 levels. Sachin Jain: So, I will not be able to comment on the recommendations or the target given by Goldman Sachs or any other company. But what I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out? First of them is the central bank's buying, that is an important consideration. Second is the consumption demand in jewellery. The third is how the financial markets normally react. And the fourth is normally the new age requirements of gold, which are mostly around to do with new age technology and so on and so forth.

PwC is making «tangible investments» to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company's mainland unit with a record penalty. PwC Zhong Tian LLP was hit with a six-month suspension and a fine of 441 million yuan ($62 million) on Friday over the firm's audit of failed property developer China Evergrande Group . Chinese authorities have been examining PwC's role in Evergrande's accounting practices since the country's securities regulator accused the developer in March of a $78 billion fraud over a period of two years through 2020.

Subscribe to enjoy similar stories. Hamas’s top leader Yahya Sinwar could well be dead today if not for a low-tech communications system honed in prison that shields him from Israel’s intelligence-gathering dragnet. Sinwar has largely shunned phone calls, text messages and other electronic communications that Israel can track and that have led to the demise of other militants.

Congress government in Karnataka for hoarding a massive human chain in the name of democracy, while questioning the delay over holding the polls to local bodies, which are «fundamental pillars of democracy». He urged the government to announce elections for local bodies. Karnataka government on Sunday marked the 'International Day of Democracy' by forming a 'historic' 2,500-km-long human chain across the state, as a symbol of equality, unity, fraternity, and participative governance.

toxic work culture" and demanding the resignation of Sebi chief Madhabi Puri Buch, the markets regulator on Monday withdrew its earlier statement blaming «external elements» for the protests. In a fresh statement issued to the media during the day, Sebi said that its earlier press release issued on 4th September, after which scores of its employees gathered around the regulator's headquarters in Mumbai's BKC to stage a silent protest against their boss Buch, stands withdrawn.

spacewalker returned to Earth with his crew on Sunday, ending a five-day trip that lifted them higher than anyone has traveled since NASA’s moonwalkers.SpaceX’s capsule splashed down in the Gulf of Mexico near Florida’s Dry Tortugas in the predawn darkness, carrying tech entrepreneur Jared Isaacman, two SpaceX engineers and a former Air Force Thunderbird pilot.They pulled off the first private spacewalk while orbiting nearly 460 miles (740 kilometers) above Earth, higher than the International Space Station and Hubble Space Telescope. Their spacecraft hit a peak altitude of 875 miles (1,408 kilometers) following Tuesday’s liftoff.Isaacman became only the 264th person to perform a spacewalk since the former Soviet Union scored the first in 1965, and SpaceX’s Sarah Gillis the 265th.

Subscribe to enjoy similar stories. In July, ICICI Prudential Life Insurance Co. Ltd shares finally crossed their previous all-time high of ₹724.30 seen almost three years ago on 8 September 2021.

The shooting took place on the grounds of the Trump International Golf Course West Palm Beach on Sunday while 78-year-old former President Trump was at the course, the Palm Beach County Sheriff's Office said, but officials said that Trump was safe and that the intent was unknown. His campaign communications director Steven Cheung says Trump was safe. «President Trump is safe following gunshots in his vicinity,» Cheung said in a statement. «No further details at this time.»

Donald Trump Assassination Live Updates: Former United States President and Republican nominee for the 2024 US elections, Donald Trump has survived a second assassination attempt after shots were fired near the Trump International Golf Course in West Palm Beach, Florida on September 15, 2024, reports said.This shooting incident comes only two months after Trump was shot at during an election rally. The AP reported that US Secret Service agents opened fire after seeing a person with a firearm near the golf course on Sunday.An AK-style firearm was recovered near the golf course, the AP reported.Spokesperson Anthony Guglielmi in a statement on social media platform X (formerly known as Twitter), said that the Secret Service is investigating “a protective incident involving Trump" which happened shortly before 2 pm on September 15.Trump SafeIn a fundraising email, Trump assured his supporters and addressed the situation, stating, “There were gunshots in my vicinity, but I want you to hear this from me first: I AM SAFE AND WELL! Before rumours get out of hand, know that I am okay.

The agency last week filed a complaint with the agency's Adjudicating Authority under relevant provisions of Foreign Exchange Management Act (FEMA) alleging that the Surat-based entity illegally transferred forex to foreign shores in the «garb of imports from the special economic zone». The complaint alleges that the agency has so far detected illegal transfers of ₹3,437 crore. According to people in the know the total amount of alleged illegal transfers is likely to reach ₹5,000 crore.

Subscribe to enjoy similar stories. Many organizations encourage competition between internal teams, believing it will spark innovation and drive performance. The trouble is, what actually happens is the opposite: Internal competition often stifles innovation.