International Financial News

Myanmar is an evidence of China’s increasing interest in Myanmar. In his meeting with Lieutenant General YarPyae, the junta’s home affairs minister, in Beijing, Chinese Public Security Minister Wang Xiaohong said China always considers China-Myanmar relations from a strategic perspective and is trying to improve them. But the ground reality is not rosy. China has its limitations. It has brokered a ceasefire deal among warring parties in January but it wants to remain one of the most influential stakeholders in Myanmar’s political crisis. However observers feel that it is time for Association of Southeast Asian Nations (ASEAN) to play a bigger role in mediation efforts only. Raising doubts over China’s real intention. Dr. Brian Wong of the University of Hong Kong insisted on the need of a coordinated approach involving ASEAN, particularly Thailand, to foster sustainable peace in the region. Also observers have cautioned against viewing China’s role in brokering a ceasefire deal among warring factions in January, through a unilateral lens.

Congress on Wednesday reiterated its 'Shramik Nyay' guarantees on International Labour Day, and said its promise of Rs 400 per day national minimum wage is the real '400 paar'. Congress general secretary Jairam Ramesh listed the party's guarantees for labourers and alleged that the past 10 years have been of 'anyay kaal' for them. On the occasion of International Labour Day it is most appropriate to recall the 'Shramik Nyay' guarantees in the Congress Nyay Patra for the 2024 Lok Sabha elections, he said. Elaborating on the guarantees, Ramesh said the Congress has promised 'Shram ka Samman' (Dignity for Labour)' with Rs 400 per day national minimum wage, including for MGNREGA.

At present, the deadline for all current individual unit holders who own mutual fund units, either alone or jointly, nominate or opt out of nomination is June 30, 2024; otherwise, the folios will be blocked for debits. Mutual fund unit holders must provide nomination details in a specified format and opt out of nomination through a prescribed declaration form. If a holder does not nominate or opt out of nomination by 30 June 2024, folios/demat account will be frozen.

100 schools in Delhi-NCR have received bomb threats, as per ANI. While the complete list of schools has not yet been released, here are the names that have been revealed so far, as per various media reports. ANI reported, citing officials, that the schools in the Delhi-NCR region received the bomb threats via mail on May 1.

Gold rate today: Ahead of the US Fed meeting outcome, gold prices across work have come under pressure. On the Multi Commodity Exchange (MCX), gold rates for the June 2024 expiry ended yesterday at ₹70,466 per 10 gm level, around ₹3,500 below its lifetime high of ₹73,958 level, which it had climbed on 12th April 2024.

Here is what we know so far:

Equity mutual funds have offered an average return of 2.54% in the month of April, an analysis by ETMutualFunds showed. There were around 488 equity schemes in the market. HDFC Defence Fund, the topper in the list, gave 12.56% return in April. JM Midcap Fund gave 9% return in the last month. SBI PSU Fund and DSP Natural Res & New Energy Fund gave 8.53% and 8.39% returns respectively. Franklin India Smaller Cos Fund offered 7.04% return in the said period. Mirae Asset NYSE FANG+ETF FoF gave 6.75% in the last month.

Elon Musk's Tesla is constantly restructuring its workforce leading to hundreds of lay offs. Several Tesla employees have shared their experiences on social media about how they were terminated overnight and not even allowed to enter the office the next day. Tesla is laying off around more than 10 per cent of its global workforce.

Odesa has left at least five individuals dead and more than 30 wounded, as confirmed by Ukrainian authorities, CNN reported. A video footage, released by Ukraine's Prosecutor General, captures the harrowing moment when numerous bomblets erupted in quick succession near the seafront, unleashing chaos and devastation.

State Holiday for May Day / Maharashtra Day and Labour Day: Today, May 1, is commemorated as Maharashtra Day in honour of the establishment of the state in India. Also known as Maharashtra Din, it marks the anniversary of May 1, 1960, when Maharashtra was officially formed following the reorganisation of states based on language. May 1st is also recognised as Labour Day, dedicated to acknowledging the contributions of workers and the labour movement.

Elon Musk has shut down the division that runs Tesla Inc.‘s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV market.

Florida is on the verge of repealing what’s left of a 16-year-old law that puts climate change as a priority when making energy policy decisions

Check out the companies making headlines in extended trading.

Dozens of Google workers who were fired after internal protests surrounding a lucrative contract that the internet company has with the Israeli government have filed a complaint with labor regulators in an attempt to get their jobs back

, Samsung India provided a first glimpse of the upcoming Galaxy F55 5G. The post not only confirmed the vegan leather finish but also hinted at a triple-camera setup. The leather finish appears in a striking orange shade with two vertical stitch-pattern lines, giving the phone a unique aesthetic.

Sebi) on Tuesday approved a proposal to increase participation from non-resident Indians (NRIs) and Overseas citizens of India (OCIs) through the foreign portfolio investor(FPI) route in local markets. The board also cleared a proposal to simplify norms for passive schemes of domestic mutual funds allowing exposure to securities of group companies of the sponsor.

The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, a historic shift to generations of American drug policy that could have wide ripple effects across the country

In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79 per cent to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release.

Captain America are in for a surprise in the upcoming ‘Brave New World’ series. While there are some key changes in the casting, the storyline only gets interesting and a nail biting end is surely guaranteed.

On Tuesday, the International Court of Justice (ICJ) rejected a request by Nicaragua to order Germany to halt military and other aid to Israel and renew funding to the UN aid agency in Gaza.

Mangaluru International Airport has implemented a new policy regarding passenger announcements, shifting away from using the public address (PA) system for such notifications, airport officials said on Tuesday. This change aims to cultivate a quieter environment for travellers, allowing them to utilise their time at the airport for various activities such as reading, conversing with loved ones, or attending to work commitments, they said. According to officials, instead of PA announcements, passengers will now rely on the Flight Information Display System (FIDS) for updates regarding their flights, including gate changes and delays. The FIDS screens are strategically placed both inside and outside the airport terminal, providing real-time information on arrivals and departures. Additionally, prominent display boards within the departure and arrival areas offer timely updates.