International Financial News

Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive Party (DPP), but the party lost its parliamentary majority, complicating Lai's spending plans and any intent to take an aggressive stance on China. China, which claims Taiwan as its territory, had called Lai a separatist and «troublemaker through and through», but took a gentler tone after the election, not mentioning him by name and saying the results revealed the DPP «cannot represent the mainstream public opinion» on Taiwan. Analysts expect Taiwan's stock market to take a hit this week as the spectre of policy paralysis fuels selling in a market that is up 25% in little more than a year. Yet the outcome is also a relief for investors who had feared the hawkish Lai would push for Taiwan's formal independence, something he has denied. Investors have worried about a hostile reaction from China and a chain reaction of sanctions that could cripple the global semiconductor industry. «I would imagine the reaction is negative.

Bharati Airtel and Reliance Jio, are likely to withdraw their unlimited 5G data plans in the second half of 2024 and charge at least 5-10% more than the current 4G tariff to drive monetisation and boost revenue growth, according to a report in the Economic Times, citing analysts. Notably, Reliance Jio and Bharati Airtel launched 5G services in the country in October 2022 and have since been offering unlimited 5G services at existing 4G tariffs.

Delhi's Indira Gandhi International Airport, passengers found themselves in a state of disarray as a dense fog blanket wreaked havoc on flight operations. The runway congestion, exacerbated by limited visibility, led to a gridlock where incoming flights had no available parking slots, stranding travelers inside their planes post-landing. Addressing the disruptions, Akasa Air took to microblogging platform X, alerting passengers to the impact on flight schedules across Delhi, Chennai, Varanasi, Bagdogra, and Lucknow.

Panasonic Electric Works India (PEWIN) — a subsidiary of Panasonic Life Solutions — aims to capture 50 per cent market share of India's wiring devices market by 2030, a top company official said. «Over the next five years, our focus in India will be on significantly expanding our market share,» Toshinobu Kawasaki, Joint Managing Director, Panasonic Electric Works India, told PTI.

Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15 Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group, Reliance Industrial Infrastructure, Nelco, Suraj Estate Developers, Digicontent, Golkunda Diamonds & Jewellery, Emerald Finance, Excel Realty N Infra, Virtual Global Education. January 16 HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Bank of Maharashtra, ICICI Securities, Himadri Speciality Chemical, Jindal Saw, Network18 Media & Investments, Newgen Software Technologies, TV18 Broadcast, C.E.

CTV News reported. Marc Miller mentioned that he would be looking at the possibility of setting a cap on international students to help reduce the demand for housing in both the first and second quarters of this year.

Union Civil Aviation Minister Jyotiraditya Scindia has said the Navi Mumbai international airport will be commercially operational by March 2025. The upcoming airport is not just an important infrastructure project for Mumbai or Maharashtra but is a project of pride for the entire nation, he told reporters on Saturday. He inspected the progress of the work connected to the airport, which is being built in five phases.

Canada, Immigration Minister Marc Miller on Saturday said that the government is contemplating the implementation of a cap on the number of international students residing in the country. Miller, however, did not specify the extent of the reduction being considered for the immigration system. Speaking on CTV, the minister emphasized the necessity for a dialogue between the federal and provincial governments. He expressed concern over the sheer volume of international students in Canada, describing the current system as «out of control.» Want to know if you qualify for immigration? Click here «The volume is disconcerting. It's really a system that has gotten out of control,» Miller remarked. The minister highlighted the need to address the demand for housing in the first and second quarters of this year by exploring the possibility of imposing a cap on international students. When questioned about the timing of this consideration, given that the idea was previously discussed months ago, Miller explained the need to analyze numbers at the federal level before delving into specifics at the provincial level. «We need to be doing our jobs and making sure that we have a system that actually makes sure people have a financial capability to come to Canada,» Miller said. He emphasized the importance of verifying offer letters and initiating a conversation about volumes and their impact on certain areas.

South Africa says more than 50 countries have expressed support for its case at the United Nations' top court accusing Israel of genocide against Palestinians in the war in Gaza. Others, including the United States, have strongly rejected South Africa's allegation that Israel is violating the U.N. Convention on the Prevention and Punishment of the Crime of Genocide. Many more have remained silent.

China which has repeatedly denounced him as a dangerous separatist. 1. The Chinese Foreign Ministry reaffirmed its claim to the breakaway territory as part of its own in its first official response to the presidential elections in neighbouring Taiwan.

Indians headed to Santa Claus's home this winter, with Rovaniemi witnessing a 20% uptick in visitors from the country. These comprised high net-worth individuals (HNIs), honeymooners and families looking at the Finnish destination to experience not just a white Christmas, but also the northern lights and Arctic activities. Rovaniemi is the capital of Lapland, Finland, and is located on the Arctic Circle.

OnePlus has already confirmed that its flagship OnePlus 12 series will make its way to India and global markets on January 23. However, ahead of the launch of the much-anticipated smartphones, a new leak has shed some light on the pricing of the OnePlus 12. According to a post by tipster Ishan Agarwal on X (formerly Twitter), citing an Amazon listing, the OnePlus 12 12GB RAM/256GB storage variant could be priced at ₹69,999.

Lai Ching-te was quoted as saying by CNN. While speaking to the media persons ahead of his victory speech on Saturday night, Lai added, "In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait." "We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy," the President-elect said further. While addressing thousands of supporters at a rally after coasting to a win in the Presidential elections, Lai said Taiwan managed to stay on the world map through the conduct of the polls.

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Hamas have been waging war for 100 days since gunmen from the Palestinian militant group went on the rampage in southern Israel, triggering an Israeli military campaign in which nearly 24,000 Palestinians have been killed. The war between Israel and Hamas that has raged since October is the latest in a conflict between Israelis and Palestinians that has rumbled on for seven decades and destabilised the Middle East.

Indian Army is launching Operation Sarvashakti, where the security forces will be targeting the terrorists operating on both sides of the Pir Panjal mountain ranges in the Union Territory. In recent times, Pakistani proxy terrorist groups have tried to revive terrorism in the South of Pir Panjal ranges especially in the Rajouri Poonch sector, where around 20 troops have been killed in attacks by terrorists, with the latest being on December 21, when four soldiers were killed in the Dera ki Gali area there.

Bureau of Civil Aviation Security (BCAS). Besides, the minister said the workforce at BCAS, the country's aviation security body, will be increased by 400-450 people.

commerce ministry has called a high-level inter-ministerial meeting on January 17 to discuss the way forward on the trade front in the wake of ongoing problems in the Red Sea, a senior official said on Saturday. Senior officials from five ministries — external affairs, defence, shipping and finance (department of financial services) and commerce — will participate in the deliberations. The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis and prepare a strategy so that India's response can be quick and decisive.

statement on January 11 that at his directions, “US military forces — together with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands — successfully conducted strikes against a number of targets in Yemen used by Houthi rebels to endanger freedom of navigation in one of the world’s most vital waterways." After the US launched strikes against Houthi forces, some US lawmakers accused President Joe Biden of violating the Article 1 of the US Constitution. Congresswoman Pramila Jayapal of the Democratic Party called the strikes an "unacceptable violation of the Constitution". Meanwhile, Rep.

Pakistan's attempts to increase terrorist activities in Jammu and Kashmir, the Indian Army is launching Operation Sarvashakti, where the security forces will be targeting the terrorists operating on both sides of the Pir Panjal mountain ranges in the Union Territory. In recent times, Pakistproxy terrorist groups have tried to revive terrorism in the South of Pir Panjal ranges especially in the Rajouri Poonch sector, where around 20 troops have been killed in attacks by terrorists, with the latest being on December 21, when four soldiers were killed in the Dera ki Gali area there. «Operation Sarvashakti would be to carry out combined counter-terrorist operations from both sides of the Pir Panjal ranges where the formations of the Srinagar-based Chinar Corps along with the Nagrota-headquartered White Knight Corps would be carrying out simultaneous operations,» sources in the security forces told ANI. «The Jammu and Kashmir Police, CRPF, Special Operations Group, and the intelligence agencies would be working in close coordination to thwart Pakistani designs to revive terrorist activities in the UT, especially in the Rajouri Poonch sector,» they added.

Hamas terrorists barged into Israel's territory from Gaza and killed around 1,400 civilians. The terrorists also took more than 200 people with them as hostages and is using them to negotiate with Israel. The judges of the UN's top legal body heard strong arguments from both sides and likely to deliver the verdict in the case soon.