International Financial News

Boeing has a new chief executive

In response to the recent $230 million security breach on WazirX, the Bharat Web3 Association (BWA) is ramping up efforts to strengthen cybersecurity and enhance consumer protection within India’s crypto industry.

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

Kuki MLAs skipped the Manipur Assembly session which started on Wednesday, the Manipur government stated there are 226 deaths since the violence broke out on May 3 however district wise breakup cannot be given as the information is sensitive in nature.

Toyota has reported more cases of cheating on certification tests for new models required by the Japanese government, on top of others acknowledged earlier

Ministry of Home Affairs has revised the financial powers of Director Generals of paramilitary forces and other intelligence agencies for rewards to informers in operational areas.

India-Japan relations, the Japan International Cooperation Agency (JICA) has signed a Grant Agreement with the Government of India to implement «The Project for Human Resource Development Scholarship (JDS).»

IPO-bound baby and mother care products retailer FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24, while it reduced losses by 34% to Rs 321 crore during the same period, per regulatory filings sourced through business intelligence platform Tofler.

Cyril Amarchand Mangaldas. "The time has come for law firms to seriously look at succession planning for all critical roles and develop internal candidates who can step up when the time comes." Then, this July, JSA hired Nisha Kaur Uberoi, who headed the competition practice at Trilegal. Uberoi, who looks at complex areas such as merger control, cartels, abuse of dominance, and the digital economy, brought two partners and 25 attorneys with her.

Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine.

Officials in Greece say an investigation has cleared the country's security agencies of involvement in an international spyware scandal that triggered U.S. sanctions earlier this year

Carmaker Stellantis has shipped the first electric vehicles produced under a joint venture with China’s Leapmotor to Europe, with the first models to go on sale next month

Spirit Airlines is about to roll out tickets that include perks like free snacks and no fee for checking a bag

Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation’s economy

To international visitors, the triangular Olympic Phryge mascot might resemble the iconic monument, a “poop emoji,” a tongue or even, well, female anatomy

The PoC was part of Project Desft (Digital Economy Semi-Fungible Token), an exploration from the BoG and Monetary Authority of Singapore into how technology can boost the participation of micro, small, and medium enterprises from developing countries in international trade. Maxwell Opoku-Afari, first deputy governor, Bank of Ghana, says: "Project Desft is aimed at supporting SMEs in Africa to engage in international trade by removing significant obstacles they face, such as establishing trust with overseas trade partners and obtaining support in cross-border payments and supply chain finance." The project has been focusing on cross-border trade between the two nations using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money. Giesecke+Devrient delivered its Filia platform for the CBDC part, while local commercial lender Fidelity Bank offered banking and exchange services for the eCedi. G+D says the PoC demonstrated a direct transfer between the transacting parties, eliminating the need for the long chain of intermediaries and corresponding high costs in cross-border payments.

Olympic medals are always an important part of any Summer Games, as they are the prizes that athletes dream of, being the reward for their toil and efforts at the global stage. An Olympic medal means a lot for any athlete as it brings them repute internationally, and also etches their and the nation's name in the books of history. However, gold, silver and bronze may not just be the elements used in an Olympic medal and may also constitute of some materials that have a rich heritage, culture and history associated with the host country or city.

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.  

Despite an outlier report released by the International Monetary Fund earlier this month that suggested Canada will be a leader in economic growth next year — which had many Liberal MPs crowing that their “economic plans are working” — the overwhelming view of most suggests otherwise, especially when it comes to productivity.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.