International Financial News

UN's Office of the High Commissioner for Human Rights (OHCHR) has submitted evidence alleging that China is attempting to reshape the international order by influencing multilateral institutions like the UN. The evidence suggests that Beijing is using its influence to silence discussions on sensitive topics and manipulate reports to align with its priorities, including downplaying issues related to human rights and democracy. The UK Parliament's Foreign Affairs Committee is investigating these allegations as part of its inquiry into international relations in the multilateral system. China is aiming to reshape the rules-based international order to reflect its own priorities by taking over multilateral institutions such as the UN, evidence submitted by a UN whistleblower claims. The evidence presented claims Beijing was influencing votes at the UN to squelch discussions on topics sensitive to it and that it even bribed two General Assembly presidents.

Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers' defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China's growing influence but also wants to maintain lines of communication with Beijing to prevent tensions from spiraling out of control. «The two officials discussed US-PRC defense relations and regional and global security issues,» the Pentagon said in a statement, referring to the People's Republic of China.

Gold prices held steady on Wednesday as safe-haven demand for bullion amid the Middle East conflict partially offset pressure from higher U.S. Treasury yields. FUNDAMENTALS

Asian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady at 154.62 per dollar as the risk of government intervention loomed, although so far there has been no action from Tokyo apart from verbal warnings.

Every small business owner knows how difficult it can be to access affordable capital. But for many women in the Global South, it’s not just difficult, it’s often impossible. A few years ago in Senegal, I met a woman who decided to do something about that problem.

The world is facing its worst five-year span in three decades. Higher interest rates have left developing countries crushed by debt, and half of the poorest economies haven’t recovered to where they were before the pandemic. Growth is weak across large swathes of the world, and inflation remains persistently high.

Catch all the latest updates on the big story at Mint's LIVE blog:Turkish President Recep Tayyip Erdogan has accused Western nations of double standards for speaking out against Iran. “Those who remained silent toward Israel’s aggressive attitude immediately raced to condemn Iran’s response," he said.Spanish Prime Minister Pedro Sanchez said Tuesday that an independent Palestinian state should be recognized as soon as possible.

Reuters. "All flydubai flights scheduled for departure from Dubai this evening (16 April) have been canceled effective immediately until 10:00 (Dubai local time) on 17 April. During this period, passengers who do not have Dubai as their final destination will not be accepted for travel," a flyDubai spokesperson was quoted as saying.

Weather update today: IMD issues heatwave alert in THESE states. Check forecast In central Iowa, a barn was demolished and other buildings were damaged after a tornado touched down in a rural area of Dallas County. The weather service also reported ping pong ball-sized hail in Bloomfield, just north of the Missouri line.

UBS Group faces an increase in regulatory capital requirements that could reach around $20 billion under reforms proposed in the wake of the collapse of Credit Suisse.

New Delhi: India has begun work on a home-built bullet train that will exceed 250 kilometres per hour (kmph), a top government official told ET. The official said it will be faster than any of the trains now running on the Indian Railways. «It is being built on the Vande Bharat platform that can already clock a maximum speed of 220 kmph,» the official said. The designs are being prepared at the Indian Railways' Integral Coach Factory (ICF) in Chennai.

Grand Theft Auto is one such franchise of Rockstar Games, whose amazement never ceases to exist in the gaming community, most importantly due to the massive success of GTA from the start that included editions like GTA Vice City, San Andreas, Liberty City, GTA 4, and the last launched GTA 5, which has tasted a good amount of success in the gaming community, with the game being one of the most streamed by gamers online.

Oscar winners like “Spotlight" and socially conscious documentaries like “Food, Inc," and “Waiting For Superman" is closing its doors after 20 years. Billionaire Jeff Skoll told his staff of 100 in a memo shared with The Associated Press Tuesday that they were winding down company operations. “This is not a step I am taking lightly," Skoll wrote in the memo.

Calcutta High Court has passed an interim order in the case between NYSE-listed UpHealth Holdings and Kolkata-based Glocal Healthcare Systems. The high court has asked Glocal's promoters and shareholders, including former Sebi chairman M Damodaran to file affidavits of their assets and disclose their liabilities. The court also rejected Damodaran's plea to be absolved from any liability in the case. UpHealth, a digital health company, acquired a 95% stake in Glocal in 2020. The dispute started after UpHealth claimed their right to two directors on the board of Glocal as per the share purchase agreement (SPA) in September 2022, which was defeated in an extraordinary general meeting (EGM).

Israel's war cabinet was set to meet for the third time in three days on Tuesday, an official said, to decide on a response to Iran's first-ever direct attack, amid international pressure to avoid further escalating the conflicts in the Middle East. Military chief of staff Herzi Halevi had promised that Saturday night's launch of more than 300 missiles, cruise missiles and drones from Iran into Israeli territory «will be met with response», but gave no details. While the attack caused no deaths and little damage, thanks to the air defences and countermeasures of Israel and its allies, it has increased concerns that violence rooted in the Gaza war is spreading, and fears of open war between the long-time foes.

Brent to $92.18 last week -its highest since October. But prices retreated on Monday after Iran's attack on Israel over the weekend proved to be less damaging than anticipated. Brent crude futures for June delivery last rose five cents, or 0.1 per cent, to $90.15 per barrel while US crude for May gained 14 cents, or 0.2 per cent, to $85.55.

₹5 per litre," said Swarnendu Bhushan, co-head of research at Prabhudas Lilladher Pvt. Ltd. Shares of OMCs have been volatile over the past week; however, in the last one month, they have seen an uptrend.

SlateStone Wealth chief market strategist Kenny Polcari says the data should not be a surprise to anyone on 'Maria Bartiromo's Wall Street.'

Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

ALSO READ: ‘Rubbish bowling to be honest’: Irfan Pathan slams RCB's pace attack as SRH score climbs to 205/2 in 15 overs According to Sehwag, that first thing that RCB should do is fill Indian support staff which would make the domestic players in the team comfortable. Currently, RCB is filled with overseas star power including Andy Flower is the head coach, while Adam Griffith is overseeing the bowling coach responsibilities. "If you have 12-15 Indian players, just 10 overseas and your entire staff is made of foreigners, that's an issue.