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Bloomberg News. However, the average estimate of Xiaomi's net income was 3.16 billion yuan. The report stated that revenue slid a less-than-projected 4% to 67.4 billion yuan, narrowing declines from previous quarters when the smartphone market slump was at its worst.

MEXICO CITY (Reuters) — Mexico's economy grew 0.8% in the second quarter from the previous three-month period, national statistics agency INEGI said on Tuesday, slightly below its preliminary estimate and prompting analysts to warn of a slowdown.

BRASILIA (Reuters) — Latin America development bank CAF has offered $600 million in assistance to counter-guarantee payments for Brazilian exports to Argentina to secure trade flows, ministers from both countries said on Monday.

BRICS countries, which was held in South Africa, received unprecedented international attention. Some commentators even invoked the Bandung conference of 1955, where leaders of India, China, Indonesia, Egypt and Yugoslavia launched the non-aligned movement (NAM). It seemed as though another generation of leaders, this time from Brazil, Russia, India, China and South Africa, were building an alternative to the US-dominated global order.

Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike.

India, now the world's most populous nation as of 2023, is set to achieve a real GDP growth of around 6% by the end of the year. This marks the third consecutive year of impressive growth among major economies.

Europe will be particularly affected. Heat waves of the kind we are currently experiencing are particularly deadly for the elderly, the sick and the poor, the researchers said. The 2003 heat wave, which saw temperatures in Europe reach 47.5 degrees Celsius, was one of the worst natural disasters of recent decades, claiming an estimated 45,000 to 70,000 victims in the space of a few weeks, they said. The researchers from ETH Zurich in Switzerland found that such heat waves could become the new norm in the coming years. Since 2013, they have been systematically collecting data on daily heat-related excess mortality for 748 cities and communities in 47 countries in Europe, Southeast Asia, Latin America, the US and Canada. The researchers used this dataset to calculate the relationship between the average daily temperature and mortality for all 748 locations. From this, they were able to establish each location's ideal temperature, where excess mortality is at its lowest.

Amidst the expected chill of winter, Brazil finds itself grappling with an unexpected challenge: scorching heatwaves that are defying seasonal norms. The National Institute of Meteorology has issued a concerning report, revealing that over 11.5 million residents of Sao Paulo are confronting the impact of soaring temperatures, which have surged nearly 10 degrees above the average of 24.5 degrees Celsius.

A stablecoin pegged to the Colombian peso (COP) has gone live on the Polygon network, stablecoin issuer Num Finance announced on Thursday.

Brics is set to add heft to the grouping of emerging economies as it announced on Thursday the inclusion of six new members, including India's key partners in the Gulf and North Africa, a development that Prime Minister Narendra Modi described as a message that «all global institutions need to transform considering the changing times». South Africa's President Cyril Ramaphosa made the announcement at a joint press conference of the leaders of the current members — Brazil, Russia, India, China and South Africa — on the concluding day of the 15th Brics summit in Johannesburg. «We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of Brics from 1 January 2024,» said the joint declaration issued at the end of the 15th Brics summit. At the summit, the Brics leaders tasked their finance ministers and central bank governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms, and report back to leaders by the next summit.Deep relations The group also decided to clear the path for further expansion. «We have also tasked our foreign ministers to further develop the Brics partner country model and a list of prospective partner countries and report by the next summit,» said the joint statement. Prime Minister Modi said at the joint press conference — in the presence of Ramaphosa, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva — that the decision to expand the grouping will strengthen the belief of many countries in a multipolar world. The PM said the inclusion of new members will

New Delhi: Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which calls itself "an investigative reporting platform formed by 24 nonprofit investigative centres... spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said.

Soros and Rockefeller Brothers Fund — is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which calls itself «an investigative reporting platform formed by 24 nonprofit investigative centres… spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said. An email sent to OCCRP seeking comments remained unanswered. Founded in 2006, OCCRP claims to specialize in reporting on organized crime and largely publishes these news articles through partnerships with media houses. On its website, it identifies the Open Society Foundations of George Soros, a financier with a penchant for funding radical causes around the world, as one of the institutional donors.

The largest crypto exchange by trading volume, Binance, is apparently closing its Binance Card – cryptocurrency debit card services – in Latin America and the Middle East, effective from Aug. 25.

European Union and India will try to advance talks on a trade deal this week as the bloc’s demands for strict sustainability requirements have become a key stumbling block. European Commission Vice President Valdis Dombrovskis will discuss the proposed pact with Indian commerce minister Piyush Goyal on the sidelines of a Group of 20 trade meeting in India, as both sides seek to diversify their economies away from China. The EU has a strong interest in sealing the trade deal but the bloc’s sustainability regime is complicating its trade negotiations across a number of countries, people familiar with the matter said. The bloc needs to figure out how to communicate more clearly that green elements in the trade talks are legally required to avoid being labeled as protectionist, the people added. The EU sees part of its mission as using its economic weight to promote green goals globally, but other countries are often reluctant to make those kind of commitments, which has snagged negotiations on a range of trade deals from South America to Asia.

Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions

₹2.49 lakh ex-showroom price tag, makes the two-wheeler maker the only one in the category to have products in both the convenience or comfort category and sports segment in electric two-wheelers. It will also feed TVS’s export ambitions, as the company explores new markets in Europe, besides Latin America and neighbouring nations where it has an export presence, from the next fiscal. TVS is targeting doubling its electric vehicle sales to 40% of its portfolio by 2025, Venu told Mint, responding to when he expects sales of EVs to take over IC-engine products for the company.

Rakesh Sharma, Executive Director, Bajaj Auto, says “the export opportunity is just unfolding. We are far from seeing it getting exhausted. The scope for two-wheelers in parts of Latin America and Africa is enormous. But participating in international business is not for the faint hearted. It is not for the trader. This is for the manufacturer. This is for people who have a genuine commitment to global play. That is what Bajaj is all about. I would say the emerging markets story is far from exhausted. It holds a lot of potential still, and we are very optimistic about it. But we do not think it is going to play out very rapidly.”We have always looked at Pune as the go-to city as a manufacturing space, especially for auto. What is so special about Pune that makes it perhaps the Detroit of India?Pune is quite a delightful city.

Women's World Cup kicked off in Australia and New Zealand a month ago with some doubts it could deliver on lofty ambitions. Those concerns eased well before Sunday's final where Spain were crowned first-time champions by beating England 1-0 at a packed Stadium Australia in Sydney. Less than a year after a player revolt tore the Spanish squad apart, La Roja's triumph was only one of the surprises for record crowds and TV audiences through the month-long festival of women's football. Fears the first 32-team Women's World Cup might suffer for its size proved groundless, as did predictions of another processional victory for the United States. Sunday's final was the first without either the U.S. or Germany involved, the four-times champion Americans dumped out of the round-of-16 by Sweden and the Germans exiting before the knockout phase. The U.S.'s exit via penalty shootout ended a dynasty after back-to-back titles in 2015 and 2019. U.S.

August is turning out to be chaos for emerging markets. 

Brazil and India as the markets least vulnerable to the turmoil in emerging markets now have the opportunity to buy stocks in those countries via actively-managed exchange-traded funds. The Global X Brazil Active ETF and Global X India Active ETF both launched Friday amid increased clamor for Brazil as it embarks on interest-rate cuts and for India as it overtakes China as the world’s fastest growing major economy.

Occurrences of Vibrio vulnificus infection, found in raw or undercooked seafood, saltwater, and brackish water, were responsible for two fatalities since January in Hillsborough County, located in Tampa, according to the Florida Department of Health. Moreover, a person each from surrounding Pasco, Polk, and Sarasota counties succumbed to the same cause. The state of Florida has recorded a total of 26 cases of this infection thus far in the year. This bacterial menace flourishes in warm waters, particularly in areas where river and ocean waters converge, and can infiltrate the body through cuts, scrapes, wounds, or even consumption of raw seafood.