International Financial News

Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam's Club unit, to head its $100 billion international business at a time when high inflation is squeezing spending in many global markets and China's economy is slowing. McLay, a 49-year-old Australian considered a star within the U.S. company's ranks, will take over the division on Sept.

By Siddharth Cavale and Ananya Mariam Rajesh

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

IndiGo, owned by InterGloble Aviation, stated on August 16 that they will start flight services between Almaty and Delhi from September 23, 2023, onwards. This will be IndiGo’s 32nd international destination and the 111th overall station within the extensive 6E network.

AIIMS Delhi due to a cardiac arrest, according to a close aide as reported by news agency PTI. The 80-year-old was the founder of Sulabh International, an India-based social service organisation which works to promote human rights, environmental sanitation, waste management and reforms through education. The aide said that Pathak hoisted the national flag in the morning on the occasion of Independence Day and collapsed soon after that.

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

Clive Selman, international head of sales at Federated Hermes

Also read: Russia-Ukraine war: NSA Ajit Doval says, 'India promotes dialogue, diplomacy' Russian officials stated that automatic weapons were used to halt the vessel with warning fire, and Russian military personnel boarded the ship with the assistance of a Ka-29 helicopter. After an inspection, the vessel continued its journey to Izmail.

Direct flight services from Kerala to Ho Chi Minh City in Vietnam were launched from the Cochin International Airport on Saturday. The Cochin International Airport Limited (CIAL), in a statement issued on Sunday, said the new flight service by Vietnamese airline Vietjet was a significant milestone for it. The new flight service has resulted in adding 45 flights connecting Kochi to Southeast Asian destinations, CIAL said.

International Youth Day. This annual occasion serves as a dedicated day of awareness and action, recognized by the United Nations (UN), to address pertinent issues affecting the world’s youth population.

International Day of the World's Indigenous Peoples: Know date, theme, significance, history International Youth Day recognises the youth's potential and contributions. To commemorate this day, here are heartfelt wishes, messages, and images to share with the young members of our families.

India on Friday reiterated its call for adherence to international law and peaceful resolution of disputes in the South China Sea amid fresh tensions between the Philippines and China following a recent confrontation in the hotly-contested region. The Philippines has accused the Chinese Coast Guard of firing water cannons at its vessels and blocking their movement in the South China Sea.

Bruce Stout (pictured) has been at abrdn since 1987 and has worked as lead investment manager for Murray International since 2004.

Oscars 2024, specifically for the category of Best International Feature. Each entry for this prestigious award is currently being highlighted and detailed on this particular page. Scheduled for March 10, 2024, the 96th edition of the Academy Awards is poised to unfold at the illustrious Dolby Theatre located in Los Angeles. In cinematic terms, an international feature film is classified as a motion picture of extended duration (running for more than 40 minutes) crafted outside the borders of the United States. These films predominantly feature dialogue tracks that encompass languages other than English, with a minimum threshold of more than 50 per cent non-English content. The category further extends its scope to encompass animated as well as documentary features. To be eligible for consideration, the submitted films must have experienced theatrical releases within their respective countries during the timeframe spanning from December 1, 2022, to October 31, 2023. The Academy's stipulated deadline for these submissions is set at October 2. On December 21, a shortlist comprising 15 finalists will be announced. Subsequently, the ultimate five nominees will be unveiled on January 23. Reflecting on the previous year's proceedings, the 2023 edition witnessed a substantial total of 92 submissions. Among these, the final roster of nominated films encompassed noteworthy entries such as «Argentina, 1985» from Argentina, «Close» from Belgium, «EO» from Poland, «The Quiet Girl» from Ireland, and ultimately, the triumphant victor, «All Quiet On The Western Front» from Germany.

Every year 12 August is marked as the annual celebration of International Youth Day. 12 August is observed as a day of awareness, designated by the United Nations (UN). The first Youth Day was observed in 1999 after the UN General Assembly (UNGA) passed a resolution accepting the recommendation made by the World Conference of Ministers Responsible for Youth in Lisbon.

international trade, the Reserve Bank of India (RBI) last year in July allowed invoicing and payments for international trade in domestic currency. The move was largely seen as part of the effort to bring down India’s massive oil import bill by purchasing Russian oil in domestic currency.

Payments firm Network International Holdings posted higher half-year revenue and profit on Thursday, buoyed by steady merchant wins and growth in its outsourced payments services business. Network International's home market the United Arab Emirates has clocked strong growth where consumer spending is high due to the region's robust tourism.

In an August 8th tweet, Jeremy Allaire, the CEO of Circle, mentioned that approximately 70% of USD Coin (USDC) adoption originates from countries beyond the United States. 

The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.

Singapore Prime Minister Lee Hsien Loong has assured that his government would maintain its high standards of honesty, integrity and propriety which its citizens expect of it, as the city-state witnessed a spate of political scandals in recent months. «Some have asked what these incidents say about the Government. My answer is this: Such issues come up from time to time,» Prime Minister Lee said in his National Day message on Tuesday.

Ircon International jumped 8% to Rs 107.6 in Wednesday's trade on BSE after the firm reported a 29.6% year-on-year (YoY) rise in its consolidated net profit at Rs 187.4 crore for the first quarter ended June 30, 2023. In the corresponding quarter last year, Ircon International had posted a net profit of Rs 144.6 crore on a topline of Rs 2,001.9 crore. The infrastructure company reported a 35.7% on-year rise in its consolidated revenue from operations during the quarter to Rs 2,712.2 crore.