International Financial News

Lisa del Giocondo, the inspiration for Leonardo da Vinci's «Mona Lisa,» is currently for sale. Situated in the Italian municipality of Scandicci, west of Florence, this 700-year-old mansion is significant both historically and architecturally. The iconic artwork of his wife was commissioned by Francesco del Giocondo, who owned the house. Since the late 1700s, this piece of art has been the main attraction at the Paris Louvre, as per the reports of the New York Post.

The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing

Kenyan President William Ruto has appointed the first 11 members of his Cabinet

Next week’s Summer Olympics in Paris will be the first in which equal numbers of female and male athletes participate. The milestone is owed in large part to an International Olympic Committee working group started in 2018 that established specific benchmarks for achieving gender parity.

Arunachal Pradesh which poses a threat of a flood-like situation in the state, senior BJP MLA Ninong Ering on Friday urged the government to take up the issue with the Centre. China is building a 60,000 megawatt dam on the Yarlung Tsangpo River in Medog, near the international border. Tsangpo is known as Siang in Arunachal Pradesh and Brahmaputra in Assam. The main channel of this river is the Jamuna, which flows through Bangladesh before joining the Bay of Bengal. Participating in the motion of thanks to the governor's address in the assembly, Ering, a former Union minister said, «We cannot trust our 'neighbour'. You never know what they can do. They can either divert the entire river flow drying up our Siang or release water at once causing unprecedented floods havoc downstream.»

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been spared further jail time after his exchange processed over $700 million in illicit proceeds from the Russian dark web.

skilling is key to equip locals to meet evolving industry demands as employment is based on merit and not domicile. HR experts believe implementing a legislation like the job-for-locals bill would pose significant challenges for businesses in talent acquisition, compliance costs and stressed on the importance of skilling to equip individuals with future-proof skillsets. The Karnataka government on July 15, tabled the Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, in state assembly. The Bill, which mandated factory or other establishments to appoint 50 per cent of local candidates in management categories and 70 per cent in non-management categories, has been temporarily put on hold.

Congress president Mallikarjun Kharge hit out at Prime Minister Narendra Modi on Friday over his remark that eight crore new jobs have been created, and accused him of «rubbing salt into the wounds» of the youth by «telling one lie after another». His attack comes after Prime Minister Modi emphasised last week that the creation of eight crore new jobs in the last three to four years has «silenced» those spreading fake narratives about unemployment. Quoting a recent report of the Reserve Bank of India on employment, the prime minister had asserted that the National Democratic Alliance (NDA) government prioritised stability and growth, and added that small and big investors welcomed the NDA's third term with enthusiasm. In a post on 'X', Kharge said, «Narendra Modi ji, By telling one lie after another on jobs, you are rubbing salt into the wounds of the youth!»

Indo Tech Transformers Ltd.(up 4.90%), GE Power India Ltd.(up 4.62%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Kalpataru Projects International Ltd.(up 1.49%), PTC India Ltd.(up 0.71%) and Adani Energy Solutions Ltd.(up 0.03%) stood among the top gainers.

viral photo from an Air India Dreamliner flight to Singapore has sparked widespread criticism of passengers' civic sense. The image, shared by X user Manisha Singhal, depicts a cluttered cabin with a plastic bottle in a poly bag and other scattered trash. «Kuch bhi kar lo, hum nahi sudhrenge!!! (No matter what you do, we won't change!) And nope, not a domestic flight—this is an international, Air India flight—new or old aircraft, we shower equal love on all! This is the @airindia Dreamliner to Singapore—rather a nightmare! When. Will. We. Be. Civil,» Singhal wrote in her post, which quickly went viral, amassing 184.9K views and sparking a deluge of reactions.

Gold August futures opened lower by 0.72%, or Rs 534, at Rs 73,621 per 10 grams on Friday, while silver September futures contracts opened down by nearly 1%, or Rs 90,953 per kilogram. The yellow metal has traded flat, gaining only Rs 340 per 10 grams in the last week, while silver has dipped by Rs 2,100 per kilogram in the same period.

Nothing Phone (2a) Plus was earlier spotted on the UAE's TDRA certification website, along with the Bureau of Indian Standards (BIS) and Jio's list of 5G-compatible devices. The TDRA listing had suggested that the Phone (2a) Plus would come with the model number A142P.With Nothing CEO Carl Pei already pushing plans for the Phone (3) to next year, it will be interesting to see what Nothing has to offer with the Phone (2a) Plus.

Air India plane flying from Delhi to San Francisco made a precautionary landing in the Russian region of Siberia after crew detected a potential issue in the cargo hold area, the Indian airline said on Friday. It was the second time in a little over a year that an Air India flight on the same route had made an unscheduled landing in Russia. Many carriers, including U.S. and European Union airlines, do not fly over Russian airspace following the war in Ukraine, but Air India does, giving it a flying time and cost advantage on U.S. routes.

investors looking for a single product that has a mix of large, mid and small-cap stocks can consider an allocation to the new fund offer (NFO) of Franklin India Multicap Fund. Investors who already own mid- and small-cap schemes in their portfolio can skip the offer. The NFO is open till July 22. The minimum investment amount is ₹5,000 and in multiples of ₹1,000. The scheme will be benchmarked to Nifty 500 Multicap 50:25:25 index. It will have an exit load of 1% for redemptions for investors who redeem in less than a year. The fund will be managed by R Janakiraman, Akhil Kalluri and Kiran Sebastian. The scheme will invest a minimum of 25% each in large, mid and small-cap stocks with the balance 25% blended optimally in line with an internal framework. The fund manager will apply its bottom-up QGSV stock picking framework emphasising quality, growth, sustainability and valuations to find the right ideas within these themes and sectors.

NEW DELHI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Smaller firms accounted for a bigger share in overall profits in 2023-24, while international agencies have become more optimistic about India’s 2024-25 growth projections after its stellar show in 2023-24. India’s corporate profit has always been driven by the biggest firms, with the top 10% commanding 95% of the profit share.

Uco Bank and IDBI Bank have hiked their marginal cost of funds based lending rate (MCLR) rates by 5-20 basis points (bps) since June. Whenever there is an increase in MCLR, an internal benchmark, interest rates rise on all loans linked to it. SBI’s overnight MCLR stands at 8.1% and one-year MCLR at 8.85%.

NASA has cancelled its VIPER (Volatiles Investigating Polar Exploration Rover) mission, initially worth $450 million, following a comprehensive internal review. The decision was made due to escalating costs, delays, and potential future cost increases. «NASA stated cost increases, delays to the launch date, and the risks of future cost growth as the reasons to stand down on the mission,» the agency explained in a statement. Commitment to Lunar Exploration Despite the cancellation, NASA remains committed to lunar exploration. Nicola Fox, Associate Administrator for the Science Mission Directorate at NASA Headquarters, emphasized, “We are committed to studying and exploring the Moon for the benefit of humanity through the CLPS program.”

NASA (National Aeronautics and Space Administration) reported that Indian-origin Sunita Williams and Butch Wilmore, who skyrocketed to space on Boeing's Starliner spacecraft on July 5, "continued exploring ways to effectively water plants in the weightless environment".The two NASA astronauts took turns in the "Harmony module", testing how root models and plants of various sizes would absorb water in microgravity.Harmony is a utility hub, providing air, electrical power, water, and other systems essential to support life on the station. It also provides international docking adapters on its space-facing and forward ports for commercial crew vehicles, NASA explains.Earlier, NASA's press release on July 16 said NASA astronauts Butch Wilmore and Sunita Williams spent the majority of their day testing ways to water plants growing without soil in the weightless environment of microgravity."Williams first set up the Plant Water Management hardware in the Harmony module then tested a variety of liquid flow methods while video recording the results.

FIFA World Cup is just two years away but fans are already feeling the excitement around it after an intense month of Euro Cup and Copa America action, that saw some of the leading footballing nations participate in these championships. Euro Cup was won by Spain this year after the beat England and dashed The Three Lions' hopes of winning a major international trophy in decades.

According to data from the Financial Conduct Authority, AQR took out a 0.7% position against SJP on Monday (15 July). This is the latest publicly listed bet against the wealth manager, with three other firms currently holding active shorts on SJP. The existential threat at the heart of Britain's biggest wealth manager Connor, Clark & Lunn Investment Management has had a 0.6% position since 17 June, while Millennium International Management took out a 2% call on 30 May and Marshall Wace, a 0.5% call on 21 May, according to data from FE fundinfo. Over the past yea...

Shimla: The Himachal Pradesh Police has arrested one of the masterminds of a Rs 2,500-crore cryptocurrency scam, which was unearthed in the state in 2022, from Kolkata, officials said on Thursday. Accused Milan Garg (35), a resident of Meerut in Uttar Pradesh, was apprehended on Wednesday night from the Netaji Subhash Chandra Bose International Airport, Kolkata while he was trying to flee to Bangkok in Thailand, they said. Garg, who was allegedly involved in designing and marketing of a fake cryptocurrency, was later brought to Shimla, Deputy Inspector General of Police (DIG), Northern Range, Abhishek Dhullar told. Garg, who earlier fled to Dubai after the scam came to light, had returned to India in June and was again leaving the country when he was detained at Kolkata airport. The accused has been arrested and brought to Shimla, said Dhullar, who is heading an SIT probing the case.