International Financial News

Taiwan's defence ministry accused China on Saturday of threatening aviation safety and waging psychological warfare on the island's people with a recent spate of balloons spotted near or over the island, days before key Taiwanese elections. The potential for China to use balloons for spying became a global issue in February when the United States shot down what it said was a Chinese surveillance balloon. China said the balloon was a civilian craft that accidentally drifted astray. Taiwan is on high alert for Chinese military and political activity ahead of the Jan.

The average age of a new partner at the Big 4 firms has fallen to 33-35, from 38-40 just 4-5 years ago, according to estimates. An average 35-40% of all partners in these firms are below 45 years compared to 30% 2-3 years back. The starting salary of a first-year partner at the Big 4 is in the range of ₹1.25-1.40 crore, the estimates suggest.

United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths said that Gaza has become "uninhabitable" and called for an immediate cessation of hostilities. Tens of thousands of people, mostly women and children, have been killed or injured during the attacks.

New Delhi: Union steel minister Jyotiraditya Scindia said India becoming a net importer of steel between April and November this fiscal year is not a concern for the government, terming the imports a drop in the ocean of total steel consumption in the country. “Indian steel production has gone up by 12.9% y-o-y (year-on-year). So, more steel is being produced, but the demand is also much more," he said.

In this article

proposed ₹30,000 crore of equity investments into Indian Oil, Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) this fiscal year as these companies have clocked robust profits and don't need major financial support for their planned transition to green energy, said people familiar with the matter. The government had announced its capital support plans for these state-run refiners last February in the FY24 Union budget. At the time, these companies were facing a difficult patch and were demanding compensation for the heavy losses they had suffered in the first two quarters of 2022-23 for not increasing retail fuel prices in line with rising international rates. Since pump prices are deregulated in the country, the government didn't agree to the compensation but allocated a capital support of ₹30,000 crore in the budget, which could be used by the companies for their green transition projects, the people cited above said requesting anonymity. To start with, the companies were not too keen on equity infusion by the government as, like debt, equity also needs to be serviced, several company executives told ET previously.

North Korea was responsible for greater than $600 million worth of crypto being stolen in 2023, blockchain intelligence company TRM labs announced Friday.

Marico Q3 Update: Domestic volumes see low single-digit growth amid weak rural demand; details here Titan reported a robust 21 percent growth in domestic sales for its jewelry division, attributed to a substantial increase in the number of buyers and a modest improvement in average selling prices. “ Suitable investments in exchange programs and consumer offers were carried out during the festive period to maintain growth momentum. Wedding segment contribution improved marginally YoY," the company said.

Marico Bangladesh Ltd. Musthafa will be responsible for global expansions, building food-tech capabilities and strategic acquisitions. As part of its growth strategy, iD Fresh will also appoint dedicated business heads and CEOs for each International market.

The International Cricket Council's recent release unveiled a schedule comprising 55 matches to be played at various stadiums across the U.S., including Texas, New York, and Florida, from June 1-29.

The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters

Convicted Malaysian defense contractor Leonard Francis who led a daring escape weeks before he was scheduled to be sentenced in 2022 is seeking new defense attorneys now that he is back in U.S. custody after the Venezuelan prisoner swap last month

(Reuters) — The conflict in the Middle East and the disruption to shipping in the Red Sea have so far had only «limited» impact, White House Council of Economic Advisers Chair Jared Bernstein said on Friday, adding that U.S. officials will continue to monitor the situation. 

Palm Springs International Film Festival on Thursday evening, emotions ran high as several honorees shared heartfelt moments, allowing tears to flow freely. Hosted by Mary Hart at the Palm Springs Convention Center, the star-studded awards ceremony celebrated outstanding achievements in cinema. Billie Eilish and Finneas made history as the first songwriters to receive the Chairman's Award for their hit "What Was I Made For?" from the film «Barbie.» Expressing gratitude to their parents and reflecting on their journey as aspiring actors, Eilish opened up about the personal significance of their emotionally charged song. She dedicated the award to those who experience hopelessness and existential dread, emphasizing the message that it's worth persevering through tough times.

automobile sector, Commerce Secretary Sunil Barthwal said on Friday. He said that India has come to the centre stage of auto manufacturing not only in assembling but also in the whole value chain. The industry has strengthened itself in all areas, including making auto grade steel, components and tyres, besides exporting these goods, he said.

India made a splash at the Golden Globes 2023. ‘Naatu Naatu’, the chartbuster song from SS Rajamouli’s magnum opus ‘RRR’ bagged a Golden Globe for Best Original Soundtrack. Although no Indian films or original soundtrack have made the coveted Golden Globe nomination this year, our country does have a long history with the Globes!

South Korea's K-pop phenomenon, BTS. The comic delves into their meteoric rise to stardom since their debut in 2013 and explores their recent transition to military service. BTS, comprising seven talented singers, has achieved global acclaim with their infectious hits and impactful social campaigns, particularly focused on empowering the youth. The glossy comic sheds light on how these pop stars evolved into international sensations and the unique journey they navigate from being celebrated musicians to fulfilling their military service obligations.

iD Fresh Food on Friday announced the appointment of industry veteran Rajat Diwaker as its India CEO. Rajat comes with two decades of experience in the FMCG industry. In his last role, he served as the Managing Director of Marico Bangladesh.

Men's T20 World Cup, which is set to commence from June 1. While the opening match will be played between hosts USA and Canada, the ball will roll for the marquee clash between India and Pakistan on June 9 in Nassau County International Cricket Stadium in Long Island. Joint hosts West Indies will play Papua New Guinea in Guyana on the second day of group play. The tournament is divided into four groups of five teams each, with the top two teams from each group moving on to the Super Eight stage of the competition, which takes place before the knockout semifinals and final match. The group stage matches are scheduled between June 1 to June 18 and the Super 8 matches will be played from June 19 to June 24. The two semi finals will be played on June 26 and 27, while the final will be played in Barbados on June 29.

collateral damage in the Israel-Hamas conflict has been of devastation, and the multilateral institutions have failed to deliver what they were set up to do, felt noted international affairs experts at a forum organised recently. The forum was addressed by distinguished international law expert Dr. Robert Goldman and Ambassador Ashok Sajjanhar, India’s former envoy to Sweden and Kazakhstan. Dr. Eric Lob, Associate Professor in the Department of Politics and International Relations, Florida International University; and Dr. Ziv Bohrer, Senior Lecturer at Bar-Ilan University Faculty of Law.

Sri Lanka has declared a moratorium on foreign research ships entering its waters for a year amid concerns from India over Chinese research vessels docking in its neighborhood. Though the moratorium comes ostensibly for capacity building it is seen as a reaction to growing concerns in India.