International Financial News

The Canada Border Services Agency (CBSA) said Tuesday a “partial systems outage” was impacting customs services at airports across the country.

CCI) has cleared Warburg Pincus' acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore. In a statement on Tuesday, the antitrust regulator said the principal business activity of Mango Crest, incorporated in Mauritius, is «undertaking investment holding activities». Other deals

Jonathan Bloomer, Chairman of Morgan Stanley International, is reported missing following the sinking of the superyacht Bayesian. Also missing are Mike Lynch, the yacht's owner, his 18-year-old daughter Hannah, and Chris Morvillo, a lawyer at Clifford Chance. Italian authorities confirm their disappearance, as reported by The Times. The Bayesian, a 56-meter superyacht, sank early Monday morning off the coast of Sicily. The vessel, which had been anchored near Porticello, was struck by a tornado. Initial assessments suggest that the yacht's large aluminum mast may have contributed to its instability and subsequent sinking, as per the reports of Yahoo news.

Water on an Alaska Airlines flight from Hawaii to Alaska entered the cabin from a flooded bathroom, crew tried to mop it up. (Credit: Dustin Parker/Facebook)

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Mint spoke with say that the business class should be looked at in the context of the airline’s larger plan to focus on improving yields or average revenue per seat. It is also looking to expand globally through the Airbus 321XLR, which is likely to be inducted next year, and the Airbus 350, which is likely to join in 2027. Emails sent to IndiGo and Airbus seeking an official response on the recent development had not elicited any replies at the time of publishing.

Bengaluru will play host to a three-day event on alternative dispute resolution (ADR) from August 24, led by the country’s eminent legal brains. The event aims to promote the practice of alternative dispute resolution in Karnataka. Alternative dispute resolution refers to the ways people can resolve disputes without court proceedings such as mediation and arbitration. The Arbitration & Conciliation Centre, Bengaluru (Domestic and International), the Karnataka Judicial Academy, the Advocates’ Association Bengaluru, and the Bengaluru ADR Week Committee have come together to organise the event. The ADR Week would be a pivotal forum for exploring the significance and evolution of ADR in contemporary legal contexts, the organisers said in a press release.

mpox virus. The statement came soon after the World Health Organisation (WHO) declared the virus to be of international concern and a public health emergency. «Monkey pox is a virual zoonosis with symptoms similar to those seen in the past in smallpox patients, although clinically less severe. The World Health Organisation (WHO) has declared Monkey pox outbreak as a public health emergency of international concern, thereby requiring heightened awareness, rapid identification, and stringent infection control measures to prevent further spread,» AIIMS said in its official protocol order. Among the protocol issued are that of isolation, ensuring PPE suits, notification to the Integrated Diseases Surveillance Programme (IDSP), dedicated ambulances for shifting patience, and more.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Real estate firm Kalpataru Ltd, which plans to launch its maiden public issue, has posted a consolidated net loss of Rs 100.74 crore during the last financial year on lower income. Its net loss stood at Rs 200.73 crore in the preceding 2022-23 fiscal. Last week, Mumbai-based Kalpataru Ltd filed a preliminary document with capital markets regulator Sebi to launch its initial public offering (IPO) to raise up to Rs 1,590 crore, mainly to reduce debt.

Shares of Apollo Tyres Ltd.(up 3.33 per cent), Samvardhana Motherson International Ltd.(up 1.82 per cent), Eicher Motors Ltd.(up 1.46 per cent), Bosch Ltd.(up 1.42 per cent) and Balkrishna Industries Ltd.(up 1.41 per cent) ended the day as top gainers in the pack.

SEOUL—Wanting to halt defections to neighboring South Korea, North Korea’s Kim Jong Un has ordered the construction of new border walls, rearmed guard posts and installed more land mines. But North Koreans keep finding creative ways to flee. The latest escape unfolded in spectacular fashion early Tuesday morning: A North Korean soldier, on foot, navigated the heavily fortified Demilitarized Zone to his freedom.

JR One Footwear Pvt Ltd, a joint venture company between Phoenix Kothari Footwear Ltd and Taiwan-based ShoeTown Group has plans to expand its presence in Tamil Nadu by setting up two more manufacturing facilities and leather component clusters in the state, a top official said on Tuesday. The company had already committed investments of about Rs 5,000 crore for setting up a factory in Perambalur to produce 'Crocs' range of footwear. Spread across 50 acre of land in the district, located about 250 km south of Chennai, the manufacturing unit currently has generated about 1,700 jobs (direct and indirect) in the region. «We are expanding by entering two more districts (For setting up manufacturing facilities). We are bringing two more international footwear brands. We will announce the name of two districts soon, » Phoenix Kothari Footwear Ltd Chairman J Rafiq Ahmed said in an interaction here. Globally, Shoetown Group is a leading manufacturer of footwear and the Kothari Group has ties only with Ron Chang, Chairman, Shoetown Group for manufacturing of footwear in India, he said responding to a query.

Ankur Capital, which backs startups in agritech, climate and deeptech, has raised fresh capital commitments from existing backers British International Investment (BII) and MacArthur Foundation for its third fund. The latest fund, for which the target is Rs 1,200 crore ($150 million), has already raised capital from US International Development Finance Corporation and Self-Reliant India Fund, a central government initiative under the Ministry of Micro, Small and Medium Enterprises. “BII and MacArthur Foundation are returning investors in this fund as they were limited partners in our second fund…We continue to be a pre-series A investor and continue to look at companies at that stage,” Ritu Verma, managing partner, Ankur Capital, told ET.

India and Malaysia on Tuesday decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies. Ibrahim began his three-day visit to India on Monday night. It is his first visit to India as prime minister. The larger focus of the Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.

Mintthat if these proposals are approved, it would mean the death of financial planning in India. In a recent consultation paper, the market regulator proposed that investment advisers shall not provide services/products such as tax planning, estate planning, loan management, real estate, gold, and bitcoin under the IA licence. The reason: such products are not regulated, at least not by Sebi, and thus might not be scrutinised enough.

LTA rules can be confusing, especially regarding air travel. ET Wealth Online addresses common queries about LTA for employees.

WHO) has recently declared Mpox, previously known as monkeypox, a public health emergency of international concern (PHEIC). This decision follows a notable increase in cases, especially across Africa. However, Indian health authorities report that the risk of a significant Mpox outbreak within the country remains very low.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Police in Russia and Belarus have made 60 arrests in a raid on a crypto exchange they claim was a front for a money-laundering gang.

International Monetary Fund (IMF) deputy managing director Gita Gopinath recently observed that increasing workplace safety is an important factor in raising women’s participation in the labour force and the workforce (the former makes up for a broader cohort, of those looking for work, in addition to those who are at work and comprise the workforce). This has particular resonance in India right now, given the shock and outrage across the country over the gruesome rape and murder of a medical intern at a Kolkata hospital earlier this month. IMF research shows that closing the gender gap in labour force participation rates (LFPR) can raise gross domestic product (GDP) in developing countries significantly.