International Financial News

India’s growing influence in the Olympics during a bid to host the 2036 Summer Games should soon see a first sponsor deal from the country for the IOC

The young people who get an undergraduate internship at Blackstone might consider that they’ve pretty much won the lottery.  There are very few of them – the “summer analyst” class is no more than 150, but that includes people from MBAs and law school.  The private equity firm's 0.3% acceptance rate is lower than Citadel’s 0.5%, and they get paid somewhere in the region of $20,000 for ten weeks of work.

Paris Mayor Anne Hidalgo did not mince words as she launched into an expletive-filled tirade against those who criticized the Olympic opening ceremony, defending the director and artists who put on the show.

Egypt’s Civil Aviation Ministry says it's ordered Egyptian airlines to avoid Iranian airspace for three hours on Thursday after a notice from Tehran to do so because of military exercises

NASA officials said on Wednesday that the two astronauts Butch Wilmore and Sunita Williams, who are on a trip to the International Space Station (ISS) by Boeing's Starliner, could return on SpaceX's Crew Dragon in February 2025 instead if Starliner is still deemed unsafe to return to Earth. t was meant to be a weeklong trip to the ISS for the first NASA astronauts to fly with Boeing could extend to eight months The U.S. space agency has been discussing potential plans with SpaceX to leave two seats empty on an upcoming Crew Dragon launch for NASA astronauts Butch Wilmore and Suni Williams, who became the first crew to fly Boeing's Starliner capsule to the ISS in June. A final decision on whether to persist with Boeing's Starliner — which experienced concerning propulsion system problems as it flew up to the orbital platform in June — is expected later this month, officials said Wednesday in a call with reporters.

Beyond Meat says its revenue fell nearly 9% in the second quarter on lower demand for its plant-based burgers, chicken and other products

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”

Bangladesh, two days after the Sheikh Hasina government collapsed. A special evacuation flight returned to New Delhi early in the morning with 199 adults and six infants on board. The flight, which took off without any passengers, was arranged at a «very short notice», according to people with knowledge of the matter.

With the start to the upcoming school year about a month away, many university students might be looking at how to make their summer savings last the year.

₹2,302.97 in FY24, RBL’s losses widened by 55% to ₹288.4 crore from last year's ₹185.16 crore. The increase in sales did not translate into profitability for brands like Diesel Fashion India and Paul & Shark which RBL controls. RBL began operations in 2007 and has a portfolio of brand partnerships comprising Dune, Hamleys, Pottery Barn, Tory Burch and West Elm.

₹52,300 per tonne in July, the lowest since December 2020, according to data from market research and consulting firm BigMint. The prices continue to fall and are trading at around ₹51,000 per tonne currently, the analysts said. “A significant slowdown in China's economy has led to a correction in global steel prices, with Chinese export prices hitting a four-year low," according to Dhruv Goel, the chief executive of BigMint.

Mint explores the potential impact of regional instability on not just India’s trade but also internal security. Let’s begin with the political crisis and civil unrest in Bangladesh, with which India shares a 4,096 km border, its longest with any of its neighbours. Although Bangladesh has announced an interim government headed by Nobel Laureate Muhammad Yunus, the riots haven’t abated.

Fiduciary Trust International, a global wealth management firm under Franklin Templeton, is enhancing its ability to engage with ultra-affluent clients in the East Coast with the hiring of a seasoned planning specialist.

NASA is delaying its next astronaut launch to buy more time at the International Space Station for Boeing's troubled new crew capsule

military drills near a territory in the South China Sea near Philippines. The Southern Theatre Command of China's Peoples Army said on Wednesday that it had carried out air and sea combat patrols near Scarborough Shoal to test «strike capabilities», Al Jazeera reported. The exercises came on the same day that the United States, Australia, Canada and the Philippines conducted military manoeuvres within Manila's exclusive economic zone (EEZ), which includes the West Philippine Sea.

Japan's benchmark Nikkei 225 share index has soared as much as 10.7% a day after it plunged a near record 12.4%

Authorities in Nepal all five people on board a helicopter were killed when it crashed in the mountains just north of the capital

Dubai International Airport has seen a record 44.9 million travelers pass through its terminals in the first half of this year

Egypt's local currency is sliding against the U.S. dollar after recent increases in fuel prices and subway fares

The budget speech gave pride of place to the long-term goal of Viksit Bharat and also said that reforms in many areas would be needed to achieve it. This article focuses on one of those areas: trade policy. Policies should be tailored to specified targets, and in this respect, commerce minister Piyush Goyal has set an ambitious target.

online portal to fast-track visas for Production Linked Incentive (PLI) schemes has been kick-started by the Ministry of Home Affairs, a government official told ANI. The official mentioned that the online portal to fast-track PLI visas has been operational for about a week. The aim of this special initiative is to ensure smoother approvals of visas for technicians, mostly from China. «We have set up an online portal to fast-track visas for technicians in PLI sectors, including for Chinese vendors,» said the official. According to a government source, a meeting was also held with stakeholders to sensitize them on the workings of the online portal to fast-track PLI visas. The objective is to shorten the visa processing time from the current 4-5 months to within 30 days, according to sources familiar with the discussions.