International Financial News

For a few days in October 2023, the capital of the science fiction world was Chengdu, China

Olympic champion Michael Johnson is starting a new track league he hopes will help athletes earn more exposure and money in a sport that struggles for attention in between Olympic cycles

Officials in Moldova’s Russia-backed breakaway region of Transnistria have appealed to Moscow for protection as tensions escalate with the pro-Western government

FanCode, the leading sports destination in India, has announced that it will serve as Formula 1's official broadcast partner in the country for the 2024 and 2025 seasons. Indian fans can watch the longest-ever F1 season, featuring 24 races starting February 29 in Bahrain, on FanCode across various devices like smart TVs, mobile phones, and tablets. FanCode will provide comprehensive coverage of Formula 1 races, including practice sessions, qualifying sessions, F1 Sprint events, and Grand Prix throughout the season.

Shares of WW International (NASDAQ:WW) plummeted roughly 25% in premarket trading Thursday after the human-centric technology company offered below-expectations guidance for 2024 revenue and operating income.

International Game Technology said on Thursday it was separating its Global Gaming and PlayDigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt. The deal follows a review of the two units and will leave IGT a pure-play global lottery business by separating its offerings such as land-based gaming, iGaming, sports-betting and fintech. The lottery business made up more than half of its overall revenue in the third quarter.

global economic slowdown and declining confidence in the economic outlook in Asia-Pacific region, India's mid-market businesses are hopeful of positive prospects in the near future, according to a report by Grant Thornton. Nearly 80 per cent of Indian mid-market businesses maintain a positive economic outlook in the next 12 months, up from 78% in H1 2023, the International Business Report (IBR) revealed. The survey conducted in the latter half of 2023 also noted that this is fuelled by India's domestic market and government initiatives such as 'Make in India', which are creating a favorable environment for growth.

₹5,000 crore($603.05 million), while mid-cap stocks are those with market values of between ₹5,000 crore and ₹20,000 crore. Small- and mid-cap stocks are generally less liquid compared to their large-cap peers. Assets managed by small-cap funds in India vaulted 86.5% over a 10-month period to ₹2.48 trillion ($29.92 billion) as of end-January and mid-cap funds jumped 58.5% to ₹2.9 trillion.

entire India-Myanmar border would be fenced. On February 8, Shah said that the Centre decided to scrap the India-Myanmar Free Movement Regime to maintain the country's internal security and demographic structure of the northeastern states. ALSO READ: What comes under India's Free Movement Regime with Myanmar and why was it scrapped? Top points Before this, in January, Mizoram Chief Minister Lalduhoma maintained that he was opposed to the Free Movement Regime and fencing of the border.

The cult franchise Drishyam is all set to go global after garnering massive success in the India and China markets. Producers Kumar Mangat Pathak and Abhishek Pathak announced the Korean remake of the thriller franchise at the Cannes Film Festival 2023, and now they have announced the franchise’s new milestone. Panorama Studios have joined hands with Gulfstream Pictures and JOAT Films to make Drishyam in Hollywood. Gulfstream Pictures, co-founded by Mike Karz and Bill Binley, have produced the romantic comedy Blended, which reunited Adam Sandler and Drew Barrymore, and the workplace comedy Upgraded, starring Camila Mendes, Marisa Tomei and Lena Olin.

Moscow has long established itself not only as a business hub, but also as a leisure destination and the city offers a high-tech, accessible, and comfortable environment for every tourist, according to Bulat Nurmukhanov, Head of the International Cooperation Division of the Moscow City Tourism Committee. The increasing interest in Moscow as a tourist destination has lent additional impetus to developing more attractive infrastructure offerings for tourists. As of today, Moscow offers a wide range of services and various events that may be of interest to visitors from India – from purely business activities to cultural events. “Before the pandemic, tourist traffic from India was growing at 12-15 percent annually. Now we are on the way to recovery — all the necessary conditions have been created for this. Thus, Moscow was visited by 24.5 million tourists in 2023, of which 2.3 million were international tourists. In comparison, in 2019 the figure was 25.1 million tourists, with over 600,000 in the summer alone,” Nurmukhanov told ET.

ministry has built around 92,000 km of national highways in nine-and-a-half years and this will go up to 95,000 km by the end of March 2024, road transport and highways secretary Anurag Jain. Speaking at the two-day conference of road infrastructure, organised by the International Road Federation, Jain said the focus going forward will be on building more high-speed access controlled highways. “We are focusing on high speed corridors with a vision for the next 30 years,” he said, adding these are being built for the next fifty years keeping in mind prospective congestion and increasing population needs. “This will help avoid construction of bye passes and redoing of roads again and again,” he said.

Vladimir Putin warned Western countries on Thursday that there was a genuine risk of nuclear war if they sent their own troops to fight in Ukraine, and he said Moscow had the weapons to strike targets in the West. Addressing parliament and other members of the country's elite, Putin, 71, repeated his accusation that the West is bent on weakening Russia, and he suggested Western leaders did not understand how dangerous their meddling could be in what he cast as Russia's own internal affairs. He prefaced his warning with a specific reference to an idea, floated by French President Emmanuel Macron on Monday, of European NATO members sending ground troops to Ukraine — a suggestion that was quickly rejected by the United States, Germany, Britain and others.

₹31,000 crore capex plan, set to wrap up by FY27, with funding mainly from internal accruals. The company will utilize 75% of the capexfor capacity expansion at Angul (Odisha), 10% is slotted for ACPP-II, 5% for coal mines and 10% for new projects. The capacity expansion at Angul plant will enhance JSPL’s crude steel capacity by over 65% to 15.9 million tonne (MT).

Pakistan after it raised the issue of Jammu and Kashmir at the UN Human Rights Council, India has said it cannot pay any attention to a country which is soaked in red due to the bloodshed from terrorism that it sponsors around the world. First Secretary in the Permanent Mission of India to the UN in Geneva Anupama Singh exercised India's Right of Reply at the ongoing high-level segment of the 55th regular session of the UN Human Rights Council in Geneva on Wednesday. India exercised the Right of Reply to respond to Turkiye and Pakistan after the two countries made references to Kashmir in their statements at the high-level segment.

Hindustan Times. India is set to lock horns with England in the fifth and last match, starting from 7 March in Dharamsala. "Padikkal will make his debut in Dharamsala.

small-cap mutual funds. The Nifty SmallCap 100 index has already given more than 70% return in 1 year, and we have seen the valuation of some stocks grow to 3-4 times in 1 year only. Now small-cap valuation has come at a dangerously high level," said Ravi Singhal, CEO, of GCL Broking Market regulator Sebi has directed mutual funds to conduct internal stress tests focusing on small-cap stocks.

—Name withheld on request

₹70,000 crore) media behemoth with more than 100 linear TV channels, two large streaming services – Disney+Hotstar and JioCinema – and a massive content library. As part of the deal, Disney will transfer all its India assets and employees — except its 30% stake in direct-to-home (DTH) company Tata Play, its consumer products business, and VFX studio Industrial Light & Magic (ILM) — to its wholly owned subsidiary Star India. Viacom18, a Reliance-controlled entity in which Paramount (earlier ViacomCBS) has a minority stake of around 13%, will merge with Star India to form a ₹58,852 crore (pre-money) joint venture.

LONDON (Reuters) — The world's top brewer Anheuser-Busch InBev on Thursday beat fourth-quarter sales estimates and raised its annual dividend by 9%, a move likely to cheer investors hungry for returns after years of focus on debt reduction.

Investing.com-- The Securities and Exchange Commission (SEC) is investigating whether OpenAI investors were misled in the wake of the AI firm’s recent leadership overhaul, the Wall Street Journal reported on Thursday citing people familiar with the matter.