Landmark Financial News

Guatemala violated Indigenous rights by permitting a huge nickel mine on tribal land almost two decades ago, according to a ruling from the Inter-American Court of Human Rights

NEW DELHI : The Supreme Court declined to grant a stay order on show-cause notices issued by tax authorities to online gaming companies, and adjourned the hearing to 8 January. The E-Gaming Federation (EGF), along with gaming companies including Play Games24x7 and Head Digital Works, had petitioned against retrospective goods and services tax (GST) claims collectively exceeding Rs1 trillion. With the petition for a stay declined, the companies fear more such notices could be issued even as the legal debate on gambling versus skill-based online gaming remains unsettled.

Citigroup Inc. will shutter its municipal bond business, one of the most dramatic moves yet by Chief Executive Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.

Private-sector activity in the euro area worsened at the end of the year, raising the risk that the region may experience a recession in the second half.

By Jessie Pang and James Pomfret

MUMBAI : Driven by foreign institutional inflows, the Sensex hit the 70,000-mark for the first time on Monday, with 70% of its last 10,000-point sprint taking just 31 days. The feat, reflecting the bullish momentum in the markets, was achieved a session after the Nifty 50 tested the 21,000-mark. Both the Sensex and the Nifty closed a tad off their intraday highs, gaining over one-tenth of a per cent each at 69,928.53 and 20,997.10.

The success story of Ambience Mall is a testament to the ambitious vision and dedication of the Ambience Mall Promoter as they narrate their tale of setting India’s most luxurious shopping and entertainment experience. When it comes to capturing the essence of opulence, luxury, and innovation in the retail industry, there are very few places that rise above the rest. Ambience Mall, a prominent landmark in India's bustling metropolises, has successfully established itself as a premier destination for luxury shopping and entertainment.

A decision that is of great significance has been handed down by the United States District Court for the Southern District of New York. A judge named Gregory Woods gave his approval to an order that required Voyager Digital and its affiliates to make a payment of $1.65 billion to the Federal Trade Commission (FTC) of the United States of America. This ruling, which was submitted on November 28, 2023, comes after a settlement was negotiated between Voyager and the Federal Trade Commission in October. This settlement marks a significant turning point in the regulatory control of bitcoin lending companies.

Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments' use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. With the political agreement, the EU moves toward becoming the first major world power to enact laws governing AI. Friday's deal between EU countries and European Parliament members came after nearly 15 hours of negotiations that followed an almost 24-hour debate the previous day.

AI services like ChatGPT that has promised to transform everyday life and spurred warnings of existential dangers to humanity. Negotiators from the European Parliament and the bloc's 27 member countries overcame big differences on controversial points including generative AI and police use of facial recognition surveillance to sign a tentative political agreement for the Artificial Intelligence Act.

The European Union on Friday agreed to landmark rules for artificial intelligence, in what's likely to become the first major regulation governing the emerging technology in the western world.

Congress leader Mahua Moitra was on Friday expelled from the Lok Sabha on the recommendation of Ethics Committee report in the 'cash for query' that was tabled in the Lower House today. The Ethics Committee report probing 'Unethical Conduct' of the Trinamool Congress (TMC) MP had recommended that Moitra «may be expelled» from the Lok Sabha and called for an «intense, legal, institutional inquiry» by the central government in a «time-bound manner». «The serious misdemeanours on the part of Mahua Moitra calls for severe punishment. The Committee, therefore, recommend that Mahua Moitra, MP may be expelled from the Membership of the Seventeenth Lok Sabha,» the report stated. What's the road ahead for Mahua Moitra: As per legal experts, Mahua can challenge her expulsion in the court of law, citing that " there was no evidence of cash or gift given to her." Minutes after her expulsion as a Lok Sabha member, Moitra said she has been found guilty of breaching a code of ethics that does not exist and that there was no evidence of cash or gift given to her. Is there any precedence similar to Mahua Moitra's case: In December 2005, the Lok Sabha had expelled 10 members and a Rajya Sabha member from Parliament in a cash-for-query scam. In 2005, a sting operation conducted by online news site Cobrapost and aired on a private TV channel brought to light a cash-for-query scam.

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COP28 Summit, Adani Group Chairman Gautam Adani has today announced the group's "commitment to revolutionise the cement industry" through sustainable practices. In a post on social media site X (formerly known as Twitter), Adani said group companies Ambuja Cements and ACC are leading sustainable practices in the cement industry, adding that more than 90 percent of their production now recycles fly ash and slag. He further noted that the "significant shift" not only enhances the cement's environmental footprint, but also "marks a substantial step towards sustainability".

artificial intelligence (AI) looked set for a dramatic climax on Wednesday, as lawmakers enter what some hope will be the final round of discussions on the landmark legislation. What is decided could become the blueprint for other governments as countries seek to craft rules for their own AI industry.

Bangladesh head coach Chandika Hathurusingha wants his players to guard against complacency as it tries to secure a first series win against New Zealand in the second and final test. Bangladesh won the first test in Sylhet by 150 runs to close in on a landmark series victory. The only top-level teams that Bangladesh has ever beaten in a two-match test series are Zimbabwe and West Indies. «I can't see complacency in the team. If I see any action of complacency, I will have one to one chat,» Hathurusingha said ahead of Wednesday's opening day.

The Supreme Court has dismissed a case involving a Maine hotel that could have made it harder for people with disabilities to learn in advance whether hotel accommodations meet their needs

This is the second instalment of a Global News series called ‘On The Brink,’ which profiles people who are struggling with the rising cost of living. In this story, two Halifax women talk about the challenges of finding an accessible place to live amid the worst housing crunch the province has seen in decades.

Deliberations are underway to formulate a policy to deal with the issue of career progression of women officers in the Indian Army and for considering their promotion from the rank of colonel to brigadier, the Supreme Court was informed on Monday. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra took note of the submissions of Attorney General R Venkataramani and senior advocate R Balasubramanian that the Army is working on formulating a policy for the purpose.

TikTok. The user "azzarossi" showcased what is claimed to be actual gameplay footage and provided fascinating insights into the game's map. As the official GTA 6 unveiling approaches in a matter of days, this leak has sparked excitement and speculation among the gaming community.

People often fail to realize that money management is all about some very basic fundamentals. And where it concerns investments, we first need to ask two fundamental questions: the first is how much ‘can’ we invest? and the second, how much ‘should’ we invest? Both questions may sound similar, but the answers can go in completely different directions. Let’s first explore the answers.