International Financial News

Nothing Phone 2a in India. Staying true to the transparent back, however, with plastic covering, glyph interface, and light symmetry, the Nothing Phone 2a feels like a toned down version of its predecessors-Nothing Phone 1, and Nothing Phone 2. The Nothing Phone 2a is built out of plastic – so the transparent outer shell and side-frame is made of plastic, which is recycled from the previous Nothing products.

—Name withheld on request

recruitment and promotion of sports persons in order to include events which have gained importance in recent times and to provide greater incentives to the sports persons performing well in these games. The Department of Personnel and Training (DoPT) had issued consolidated instructions on recruitment and promotion and other incentives for sports persons in the government of India on October 3, 2013. «These instructions have been reviewed in consultation with the department of sports which is the nodal department for promotion of sports in the country in order to bring more clarity, inclusion of events which have gained importance in the recent times as well as to provide greater incentives to the sports persons performing well in these games,» an order issued by the DoPT said. National championships and tournaments conducted by the recognised national sports federations in individual disciplines, national games conducted by Indian Olympic Associations and Khelo India University, Khelo India Youth Games, Khelo India Winter Games and Khelo India Para Games are recognised as events of national importance, it said.

₹19,600 crore at Chandikhole in Odisha's Jajpur district, and said the Bharatiya Janata Party (BJP)-led Centre was trying to complete projects ‘rapidly’. The new projects related to sectors such as oil and gas, railways, road transport, highways and atomic energy. During the event, PM Modi said the previous governments had never shown interest in the timely completion of projects, adding that those projects that remained stuck in the previous governments' time were completed under the tenure of the BJP-led Centre in the past 10 years.

Earlier, Nepal had set a challenging target of 185 runs for the Netherlands to clinch the T-20I triangular series title. Batting first after winning the toss at the TU International Cricket Ground, Nepal posted a total of 184 runs, losing 8 wickets in 20 overs. Opener Ashif Sheikh scored a brisk 47 runs off 37 balls, Gulshan Jha scored 34 runs off 25 balls, Kushal Malla 26 runs off 11 balls, captain Rohit Paudel 25 runs off 19 balls, and Kushal Bhurtel added 20 runs off 10 balls.

Reserve Bank of India has asked the country’s major state-owned refiners to press Persian Gulf suppliers to accept at least 10% of oil payments in rupees in the next financial year, three executives at the processors said. The move is aimed at promoting the Indian currency in international trade and cutting dependence on dollars, said the executives, who asked not to be named due to the sensitivity of the matter. The government is worried that India’s booming demand for energy will put downward pressure on the rupee, and also wants to leverage the growth in consumption to its own advantage, they said. The three refiners — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — have already approached oil exporters on the matter, but the suppliers are pushing back due to currency risk and conversion charges, the executives said. The central bank has asked the Indian refiners to bear part of the currency transaction charges, but they are also resisting the idea on the grounds it will erode margins, they said.

In a stock exchange notice today (5 March), the trust said it will «cooperate fully with the FCA and its work». FCA opens investigation into Home REIT The trust added that, over the course of February, it repaid £13.7m of debt to its lender — comprising £11.7m in cash and net break gains of £2m — bringing its total borrowings down to £149.1m. It also sold 119 properties at auctions for a total of £5.7m, with completion expected this month. An additional 82 internal property inspections were completed in February, bringing the total to 1,904, with the inspection programme expecte...

The investor was an internal client, who reallocated their assets to other abrdn funds. It was then decided that it would be in the «best interests» of other investors to close the fund. Profits drop 62% across abrdn investment arm as performance slides further A spokesperson for the company said: «Small funds face a number of operating difficulties as they are unable to benefit from economies of scale. This can lead to problems in buying and selling assets at a reasonable price, which in turn may lead to compromised investment performance and proportionally higher costs, to the detri...

Home Office data from the UK reveals a dip in the number of study visas issued for main applicants by the country in 2023 compared to the previous year. In 2023, there were 4,57,673 study visas issued to main applicants, which represented a 5.5 per cent decrease compared with the previous year. Click & check your eligibility for immigration Find out The 2023 total was the second highest on record for a calendar year and was 70 per cent higher than the pre-pandemic year of 2019, the Home Office said.

195 candidates released last weekend was Rajeev Chandrasekhar, who has been fielded from Thiruvananthapuram, a seat in Kerala considered Congress leader Shashi Tharoor’s stronghold. While Congress has yet to announce its candidate from the constituency, if they choose to field Tharoor again, it will be one of the high-profile contests in the upcoming Lok Sabha elections 2024. Fielding Chandrasekhar is part of BJP’s aim to make inroads in Kerala, where it had failed to win any seats in the 2019 Lok Sabha elections.

growth in new orders and output led to service activity easing to 60.6 in February compared with 61.8 in the previous month, according to results of a private survey released Tuesday. The seasonally adjusted HSBC India Services Business remained above the 50 level, which separates expansion from contraction, but a milder growth affected business outlook. “Due to a slowdown in growth in new orders and output, services companies’ outlook for future business activity, while remaining strongly positive, weakened slightly,” said Ines Lam, economist, HSBC.

Hong Kong has introduced the new Capital Investment Entrant Scheme which opened for applicants on March 1. To qualify, an applicant needs to invest at least HK$30 million in permissible assets. Successful applicants can bring dependents (including spouse and unmarried children under 18) to Hong Kong and typically receive permission to stay for two years. After this initial period, they can apply for a three-year extension and subsequently request further extensions. After residing continuously in Hong Kong for at least seven years, they can apply for permanent residency as per Hong Kong law. Following the announcement of the revised «Capital Investment Entrant Scheme» by Financial Secretary Paul Chan in the government's «Budget» in February 2023, Hong Kong Immigration Limited has fielded over 1,600 inquiries regarding the scheme by December's end. This indicates significant public interest in the Capital Investment Entrant Scheme (CIES).

Uzbekistan’s capital is all set to host the third Tashkent International Investment Forum (TIIF-III) on May 2-3 that would boost foreign investments in the Heart of Central Asia. Tashkent expects Indian investors to be part of the Forum amid the growing ties. TIIF is one of the significant events not only for Uzbekistan but also for the region. Its program traditionally includes a plenary session at the head of state level, over 50 expert discussion meetings, including panel sessions, round tables, and B2B negotiations.

Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels

South Korea’s government is pressing ahead with its vow to suspend the licenses of thousands of junior doctors who ignore its repeated demands to end their collective walkouts

South Korea’s government has begun steps to suspend the medical licenses of thousands of striking junior doctors, days after they missed a government-set deadline to end their joint walkouts, which have disrupted hospital operations

UK, Canada, and Australia are having a significant impact on prospective student demand for study in those countries, according to a report by ICEF Monitor. IDP's latest research, «The Voice of the International Student,» conducted in January 2024 across 67 countries with 2,500 student participants, shows that a lot of students are thinking twice about studying in the UK, Canada, and Australia. Meanwhile, the United States seems to be becoming more attractive among students. Are you immigration ready? Find out The prospective student demand for Canada, in particular, is dipping dramatically, while interest in the US increased significantly in 2023, according to a report by Studyportals.

Gold rate today, 5th March 2024: Ahead of the US Fed chief's testimony before the US Congress this week, gold price on the Multi Commodity Exchange (MCX) touched a new lifetime high of ₹64,575 per 10 gm on Monday. However, the MCX gold rate today witnessed some selling pressure during morning deals. Gold futures contract on the MCX for April 2024 expiry opened lower at ₹64,331 per 10 gm level, which is its intraday low as well.

Shehbaz Sharif after taking oath as Pakistan's new PM for a second time, nearly four weeks after an uncertain national election caused delays in the formation of a coalition government. In a post on X (formerly Twitter), PM Modi wrote, “Congratulations to @CMShehbaz on being sworn in as the Prime Minister of Pakistan." Shehbaz Sharif on Monday officially took up office at a swearing-in ceremony at the presidential office in the nation's capital, Islamabad, a day after parliament elected him prime minister despite protests from lawmakers aligned with jailed former premier Imran Khan.

Insolvency and Bankruptcy Code (IBC) has emerged as a pivotal tool in India's quest to bolster its attractiveness to global investors. By streamlining the process of resolving insolvency cases, the IBC not only facilitates the efficient allocation of capital but also instils confidence in investors regarding the robustness of India's legal and regulatory framework. The Supreme Court recently noted that the principle aims of the IBC are to promote investment, and resolution of insolvencies of corporate persons, firms, and individuals in a time bound manner. The IBC consolidated and amended a web of laws which had led to an ineffective and inefficient mechanism for resolution of insolvencies marked with significant delays. One of the key aspects that enhances India's global appeal is the IBC's provision for cross-border insolvency cases. The Insolvency and Bankruptcy Code contains provisions enabling cross-border insolvency cases through bilateral agreements and the issuance of letters of request to foreign courts by Adjudicating Authorities (AAs) under section 234 and section 235. Through bilateral agreements and the issuance of letters of request to foreign courts, the IBC enables seamless resolution of insolvency cases involving international stakeholders. This aspect is particularly significant in today's interconnected global economy, where businesses operate across borders, and investment flows transcend geographical boundaries.

palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry. Production in top grower Indonesia may fall by at least a million tons in 2024, while Malaysian output could remain flat, said Mistry, a director at Godrej International Ltd. The trend is likely to last at least five years, as the industry contends with aging trees, erratic weather and little improvement in farming practices, he said in an interview. “I think you have to be reasonably bullish on all oils, but particularly palm,” due to output constraints, he said on the sidelines of the Palm & Lauric Oils Price Outlook Conference in Kuala Lumpur. While production of other oilseeds is set to climb this year, “palm is unfortunately the laggard,” he said.