International Financial News

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

Rupa Bayor and her being a path-breaking Taekwondo player is just one of the reasons. After all, the youngster from Arunachal Pradesh has spent a better part of her life punching back after being punched hard by life. The most recent demonstration of it was an unprecedented bronze medal in the 8th Asian Taekwondo Poomsae Championships in Danang, Vietnam earlier this month, less than a year after being forced to skip the Asian Games because of denial of visa by China. «I was always a very unyielding and combative person. I could get into a fight at the drop of a hat,» the 23-year-old told PTI in an interview as she talked about what drove her to Taekwondo given that Sippi village in Daporijo circle of Upper Subansiri district in Arunachal Pradesh isn't exactly the cradle of the sport.

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

Jaya Badiga, a certified family law specialist, has been appointed as a Judge in the Sacramento County Superior Court in the US state of California. Gavin Newsom, the Governor of California, made the appointment of Badiga, who has earlier served as a Commissioner at the Sacramento County Superior Court since 2022. Badiga, born in Vijayawada city of Andhra Pradesh, fills the vacancy created by the retirement of Judge Robert S. Lapham. Badiga, a member of the Democrat Party, also served as an Attorney at the California Department of Health Care Services in 2020 and at the California Governor's Office of Emergency Services in 2018.

Singapore and Central Asia’s biggest state Kazakhstan are the leading transit hubs in their regions. This is one of the reasons why the two countries are establishing close economic ties that can stimulate growth and find new business opportunities. This will also boost India’s role as a link country between SE Asia and Eurasia as well as the Chabahar Port where India has gained management rights for 10 years. Kazakhstan is developing a Trans-Caspian international transport route that will connect the vast markets of Asia and the EU. Kazakhstan's cooperation with Singapore, a major international transport and logistics center, can help both countries improve the efficiency of transport links in Asia. Singapore has arrangements with Eurasian Economic Union to boost economic presence in Eurasia. In a world with a new geopolitical alignment, security and consistency of supply chains have become more important than ever. In this regard, Kazakhstan has enormous potential for the supply of rare earth metals, the demand for which is growing every day due to the development of green energy. These metals are also widely used in high-tech devices and electronics, in the manufacture of batteries and magnets, according to experts.

Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways

cricket landscape, India boasts the richest and most-watched league in the world. Yet, all that investment and attention hasn't translated into international success for India's national team. Rohit Sharma's India squad travels to the T20 World Cup in the United States and Caribbean, hunting a second title to end a long drought. Undoubtedly, the Indian Premier League is flush with cash and talent, attracting the best cricketers worldwide. Since the advent of IPL, though, India hasn't lifted the World Cup trophy.

Also Read: Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribeThe initial public offer of co-working space operator got booked 2.03 times on the first day of bidding led by the retail portion.

detained a nursing officer at AIIMS Rishikesh after a junior resident doctor accused him of molestation in the trauma surgery unit on Sunday evening. The police entered the AIIMS campus to arrest him, and a video of the incident went viral on social media. Rishikesh Police drove jeep inside AIIMS Rishikesh General Ward to arrest nursing staff The accused allegedly touched the doctor inappropriately and later sent text messages apologizing for his «immoral» act. Disturbed by the behavior, the doctor filed a complaint with the hospital administration on Monday, prompting an internal inquiry.

NASA and Boeing are targeting June 1 for the company's first crewed launch of its Starliner spacecraft as engineers investigate the cause of a helium leak and examine how it could affect crucial parts of the mission, the agency said Wednesday. The helium leak on Starliner's propulsion system has held up the spacecraft's first mission to space carrying humans, initially planned for May 7 but successively delayed as NASA and Boeing attempt to fix the issue and run new tests on the spacecraft.

Chinese military drills in the straits of Taiwan in 2023 practiced manoeuvres key to an invasion of the island, although an actual attack was not imminent or inevitable, a senior US general in the region said on Thursday. In the exercises, the People's Liberation Army simulated a maritime and air blockade of Taiwan, amphibious assaults and counter-intervention operations, Deputy Commander of U.S. Indo-Pacific Command, Lieutenant General Stephen Sklenka, said in a speech in Canberra. Sklenka's comments come as Taiwan's military mobilised its forces on Thursday after China started two days of «punishment» drills around Taiwan in what it said was a response to «separatist acts».

China is sending «lethal aid» to Russia for use in its war against Ukraine, Britain's defence minister Grant Shapps said on Wednesday. «Today I can reveal that we have evidence that Russia and China are collaborating on combat equipment for use in Ukraine,» he said in a speech at a London conference. Shapps warned that NATO needed to «wake up» and bolster defence spending across the alliance.

leadership who have been with Wipro for many years and as measure to stem the exit of internal talent which had plagued the company during previous CEO Theirry Delaporte's tenure, new CEO Srini Pallia has promoted at least five Wipro insiders, including three veterans, in the last one and half month. Days after Pallia took charge of the top office, Wipro appointed Malay Joshi, a Wipro veteran for 28 years, as CEO of Americas 1, the company's largest market. Early this month, Wipro appointed Hari Shetty, a Wipro veteran for 31 years, as chief strategist and sales excellence officer of the company.

Singapore Airlines Flight 321 forced to make emergency landing in Bangkok, Thailand, following «severe turbulence» that left 1 dead.

Conor McGregor may take on UFC welterweight champion Leon Edwards as both fighters pondering over a blockbuster fight later in 2024, as per a report on CBS sports. Edwards will fight Belal Muhammad for welterweight title at UFC 304 which is scheduled to take place in Manchester on July 27. Meanwhile, McGregor will fight Michael Chandler at UFC 303 on June 29 in the International Fight Week. McGregor has been out of action since July 2021. Talking to "The MMA Hour", Edwards gave thumbs up for a potential fight with McGregor. UFC champion has also suggested that New York will be a perfect venue for the fight, if it happens.

Indian banks have suggested to the US Treasury that its advisories to them should be routed via the finance ministry to ensure speedy implementation, people privy to the development said. Executives from some of the top lenders, including State Bank of India, Punjab National Bank and Canara Bank, met with a six-member US Treasury delegation last month. The discussions focused on Russian payments and a possible breach of the internationally imposed $60 a barrel purchase price on Russian crude.

higher studies abroad than before, but the US continues to be their preferred destination. In 2022-23, the US issued over 1.4 lakh student visas in India, more than in any other country. A major jump is expected.

Singapore International Airlines flight from London's Heathrow Airport to Changi International Airport in Singapore developed mid-air turbulence resulting in a steep fall. The plane was flying over the Irrawaddy basin in Myanmar when this incident took place resulting in the death of a British citizen and injuring scores of others. This incident has prompted many questions regarding air turbulences, their nature and their increasing frequency.

Nykaa Q4 Results: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Wednesday reporting a massive four-fold jump in the quarterly net profit attributable to shareholders on customer retention over heavy discounts. The net profit zoomed to 187 per cent to ₹6.9 crore in the fourth quarter of FY24, compared to ₹2.4 crore in the year-ago period.The Falguni Nayar-led company's revenue from operations in the March quarter rose 28 per cent to ₹1,668 crore, compared to ₹1,302 crore reported in the corresponding period last year.

Indian embassy in Kyrgyzstan issued a press release on Wednesday and said that due to swift action by the Kyrgyz authorities, the situation in Bishkek has returned to normal. No untoward incident has been reported in Bishkek during the past few days. However, as a measure of precaution, the classes are being conducted in an online mode. “As the academic year is coming to a close, prior to travelling back to India, including for summer vacations, all Indian students must contact their respective universities about the formalities required for the completion of their exams.”

match in the US has generated maximum buzz which can be gauged from the fact that match ticket prices have soared to astronomical figures. India will take on Pakistan in cricket Twenty20 format world cup at Nassau County International Cricket Stadium, New York. The group A game between these two cricketing arch-rivals is scheduled to start on Sunday, June 9 at 10.30 am (EDT).