MET Financial News

MILAN (Reuters) — Stellantis CEO Carlos Tavares said a production target of one million vehicles in Italy it is discussing with Rome was well within reach but it could not be a one-sided commitment and the government must support it.

Natwest Group Chief Executive Dame Alison Rose has resigned over the Nigel Farage controversy. A political row erupted after Coutts Bank, which is part of NatWest Group, closed the account of the ex-leader of the United Kingdom Independent Party saying that his deposit came below the minimum threshold required. In a statement issued Wednesday, NatWest Group chairman Sir Howard Davies said that the board and Rose have agreed with mutual consent that she should step down. He also said that it is in the interest of customers and the bank that Dame Alison Rose continued as the chief executive. But Rose admitted committing a «serious error of judgment». Reacting to the resignation, Nigel Farage said that it had taken a long time for Dame Alison Rose to reign and anyone at a junior level would have been out of the door. He also said that the first rule of banking is client confidentiality and the bank has violated this. Dame Alison was under pressure from the Chancellor, other senior ministers, and the Prime Minister’s Office after the BBC reported that there were significant concerns over the conduct of the chief executive. The government owns 39% shares of the bank. The ex-leader of the United Kingdom Independent Party told in the first week of July that the bank has closed down his account without giving him the reason. The BBC reported that the bank had closed the account because Farage no longer met the financial threshold of the Coutts. Farage came out with a document showing his suitability to hold an account with the bank. The bank has said in its 40-page document that Farage was ‘xenophobic and racist’ and questioned the reputational risk of having him as a client.

Shimla district damaged a school, two houses and agricultural land, while the National Highway 5 near Jhakri and Joeri regions was blocked due to a landslide, officials said on Wednesday. Sub Divisional Magistrate, Rampur, Nishant Tomar said as many as 17 sheep and goats were swept away following the cloudburst in Kandhar village in Sarpara panchayat on Tuesday. Tomar, who was on his way to the affected village, was also stranded due to the inclement weather.

A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law

foreign ministry declined to comment on Wednesday on the abrupt sacking of senior diplomat Qin Gang, while scrubbing mentions of him from a government website. Qin, who has not been seen in public for more than a month, was removed from office by Beijing's top lawmaking body on Tuesday after just 207 days in the job. That followed weeks of speculation that the former Chinese ambassador to the United States and one-time confidant of President Xi Jinping had suddenly fallen out of favour.

Nazibur Rahman Bora surrendered before the police after killing his wife Sanghamitra Ghosh and in-laws (Sanjeev and Junu Ghosh), Assam police said. «The accused has surrendered before police. He confessed that he had committed the crime.

school holidays in specific areas. The Gautam Buddh Nagar district administration has announced holiday in all schools up to class 12 in Noida and Greater Noida on Wednesday due to rain and waterlogging. Parts of Delhi-NCR region including Noida and Ghaziabad experienced heavy rainfall early in the morning today.

By Michael Martina and David Brunnstrom

A director of beef giant AACo leaked board conversations about a devastating hit from the Queensland floods to Premier League club-owner and billionaire Joe Lewis, according to an insider trading lawsuit.

scheduled for October 15 in Ahmedabad might undergo rescheduling due to security concerns. The International Cricket Council (ICC) had initially slated this significant fixture to kickstart the tournament on the first day of Navratri, a festival widely celebrated in Gujarat with enthusiastic participation in garba nights. However, security agencies have advised the Board of Control for Cricket in India (BCCI) to reconsider the date, considering the potential strain on resources and personnel during the festive period, reported The Indian Express.

₹16 crore. The damage includes uprooted poles, damaged transformers, and flooded substations, which damaged the equipment and power lines, he added. Twenty 66 KV substations across the state were inundated, severely damaging the infrastructure.

NASA Administrator Bill Nelson visited the Brazilian space research center INPE on Wednesday and proposed extending satellite partnerships with the United States to help monitor and prevent the destruction of the Amazon rainforest. Nelson said NASA will have a satellite in January that can even render images of what is happening below the forest canopy. The satellite, called NISAR, will be launched with India.

Belt and Road Initiative involves infrastructure projects to connect Asia with European and African countries. Ushakov said Putin also plans to travel to Turkey at some point to fulfill a promise to Turkish President Recep Tayyip Erdogan, although the dates for that visit have not been decided yet. In addition, the Kremin received an invitation for Putin to participate in a Group of 20 summit in India in September, he said.

National Security Adviser Ajit Doval met with China’s top foreign policy official Wang Yi on the sidelines of the BRICS NSAs’ Meeting in South Africa on Monday. Wang Yi, who serves as Director of the CPC Foreign Affairs Commission, is China’s seniormost diplomat. “During the meeting, NSA conveyed that the situation along the LAC in the Western Sector of the India-China boundary since 2020 had eroded strategic trust and the public and political basis of the relationship.

China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor

NEW DELHI : Tata Motors Ltd swung to a consolidated net profit in the June quarter from a year-earlier loss lifted by robust sales of luxury vehicles by its British unit, Jaguar Land Rover, and an improved operating performance of its commercial vehicle business in India. The Mumbai-based automaker also announced that it will consolidate its capital base , converting all of its 508.5 million differential voting rights (DVR) shares to ordinary shares at a rate of seven ordinary shares for every 10 DVR shares held, resulting in a net reduction of 4.2% in its equity base.

Lok Sabha passed two crucial bills — Biological Diversity (Amendment) Bill and Multi-State Cooperative Societies (Amendment) Bill — amidst Opposition sloganeering and repeated disruptions. The Lok Sabha witnessed disruptions throughout the day as the Opposition continued to demand a statement by the PM on Manipur. The House met at 11 am and the Opposition MPs trooped into the well.

Mahabubnagar district in Telangana following downpour as heavy rain continued to lash the state leading to inundation of low-lying areas and disruption of road links at several places in the state on Tuesday. The two teenaged girls, who were crossing the stream, did not realise the current of water and got swept away, police said. Their bodies were found by local people later, they said.

Santosh Sahu was just 25 years old when he was told that he had cancer. The news stunned him. Sahu, a resident of a small town in Odisha, was initially perplexed as he did not use either tobacco or alcohol. He was also fussy about his diet to the extent that he even avoided tea or coffee. Doctors then confirmed that he had blood cancer. It is caused by mutations in the DNA within one’s blood cells, which start behaving abnormally. The changes are not genetic faults that pass down to children.

Union Cabinet reportedly approved a bill on Tuesday to replace the ordinance, which was previously promulgated for establishing an authority to manage transfers and postings of Group-A officers in Delhi. The legislation received the green light during a meeting of the Union Cabinet led by Prime Minister Narendra Modi this evening. The bill is likely to be presented in the ongoing Monsoon session of Parliament as a substitute for the existing ordinance, PTI revealed quoting sources.

Nagaland government has requested the Law Commission to exempt the state from the purview of Uniform Civil Code (UCC). Nagaland Minister for Power & Parliamentary Affairs K G Kenye said that the state government has officially made the submission to the 22nd Law Commission during the recent visit of a ministerial team led by Chief Minister Neiphiu Rio to Delhi.