President Financial News

Former US President Donald Trump’s transition team is engaging pretty actively with the prominent Republicans as the US Presidential Election approaches while the top candidate for the key positions is Senator Marco Rubio who is being considered for the Secretary of State, reported New York Post. Former ambassador Carlos Trujillo also emphasized on Marco Rubio’s qualifications which is based on his foreign affairs expertise and strong personal rapport with Donald Trump. New York Post reported that the other potential nominees for significant positions include Senators Tom Cotton and Donald Trump’s running mate JD Vance as well as Robert O’Brien and Richard Grenell for national security roles. Mike Johnson, the House Speaker claimed that several lawmakers of GOP are targeting the cabinet positions while up to ten will be possibly transitioning if Donald Trump wins the US Presidential Elections. Also Read: US elections: This new tracking survey gives Kamala Harris 4 points lead over Donald Trump

2024 presidential election, Warren Buffett criticizes fraudulent claims on social media. This Wednesday, billionaire Warren Buffet announced that he will not support former President Donald Trump or Vice President Kamala Harris in the run-up to the 2024 election. Buffett, who is among the wealthiest people in the world, supported Democrats in three of the previous four presidential contests, as quoted in a report by the New York Post.

US Vice President Kamala Harris of supporting illegal immigration and sex change surgeries for prisoners by taxpayer funds, reported New York Post. The opening of the ad takes place with a sensational claim which eventually proceeds to highlight the past statements of Kamala Harris including her pledge of 2019 to ensure necessary medical care for transgender prisoners including surgeries. New York Post reported that the ad is especially designed to resonate with the Republican voters while it frames Democratic Presidential nominee Kamala Harris as a major part of the left wing cultural nonsense while emphasizing on issues like illegal immigration and government funded spending. Also Read: Who is Warren Buffett going to vote for in U.S. elections? He has picked a side; here's all you need to know

former US President Donald Trump is having a slight edge over US Vice President Kamala Harris while Donald Trump is leading with 47% to 45% which marks a four point swing since the month of August. According to New York Post, Donald Trump’s approval rate during his term as US President has rose up to 52%. New York Post reported that on the other hand, Kamala Harris’s favorability point has seen a gradual drop during her term as the US Vice President while 53% of voters are viewing her unfavorably. Furthermore, the Wall Street Journal Poll also indicates the fact that Democratic Presidential candidate Kamala Harris has the lowest job approval rating as the US Vice President recorded at just 42%. Also Read: 71 bets a minute in favor of Donald Trump: That's what the Polymarket 'whale' is betting on

A former model has accused Donald Trump of groping her during a 1993 visit to Trump Tower in New York City after they were introduced by disgraced financier Jeffrey Epstein.

A journalism trade publication is reporting that the editorials editor of the Los Angeles Times has resigned

Online sports betting is bringing in new revenue for New Jersey, but it is also creating concerns over gambling addiction and whether it harms the finances of Atlantic City’s casinos, which depend on in-person gamblers

Russian President Vladimir Putin has presided at the closing session of a summit of the BRICS bloc of developing economies, hailing its role as a counterbalance to the West

Virendra Sachdeva on Thursday took a dip in the heavily polluted water of the Yamuna River here, slamming the former Delhi chief minister Arvind Kejriwal over his «failure» to fulfil his promise of cleaning it by 2025. Sachdeva after the dip faced skin rashes and slight discomfort in breathing, Delhi BJP said in a statement. He was examined by the doctors at the RML hospital who prescribed him medicines for three days, it said. Senior AAP leader and Environment Minister Gopal Rai hit back saying the «drama» of the BJP was intensifying like the rising pollution levels.

Droupadi Murmu on Thursday appointed Mazhar Asif as the vice chancellor of the Jamia Millia Islamia, according to Union Ministry of Education officials. Asif is currently a professor at Jawaharlal Nehru University's (JNU) School of Languages. «The president, in her capacity as the visitor of Jamia Millia Islamia, has appointed Professor Mazhar Asif, School of Languages, JNU, as the vice chancellor of Jamia for five years from the date on which he enters upon his office or until he attains the age of 70 years, whichever is earlier,» a ministry official said. Asif, a JNU alumnus, was a member of the drafting committee for the new National Education Policy, 2020.

Unsecured loans like micro finance, personal loans, credit cards and business loans will continue to be a source of stress for non bank financial companies (NBFCs) this fiscal year as borrowers’ repayment capacities are likely to be hit due to higher interest rates, rating agency ICRA said. This rising stress is expected to cause a slowdown growth in microfinance loans by 10% to 12%, and a 19% to 21% in other unsecured loans. The stress will also spill over to secured loans like small mortgages, vehicle loans and other small ticket loans, the rating agency said. High credit growth in the previous two years has potentially resulted in over leveraging in some assets, and a slower credit growth due to higher risk weights by the regulator, can damage the refinancing ability of some borrows.

Subscribe to enjoy similar stories. WASHINGTON—As Donald Trump’s allies began staffing up the transition team that will lay the groundwork for his potential second term, they drew a line in the sand.

Subscribe to enjoy similar stories. Eighty years ago world leaders meeting in Bretton Woods, N.H., created the International Monetary Fund to prevent the sorts of economic imbalances that had brought on the Great Depression. Today, imbalances once again threaten global harmony.

Subscribe to enjoy similar stories. New Delhi: The European Investment Bank (EIB), which has committed to supporting India's green hydrogen sector with a €1 billion investment, is working with public sector enterprises Power Finance Corporation and Indian Renewable Energy Development Agency Ltd to identify and develop projects in the country, said Nicola Beer, vice president of the lending arm of the European Union. "We see opportunities in the green hydrogen mission of India.

Russia moved to ratify a key defence pact with North Korea on Thursday, while South Korea warned it would not «sit idle» if Pyongyang deployed thousands of troops to help Moscow fight Ukraine. Seoul's spy agency says thousands of North Korean soldiers are currently training in Russia and are likely to deploy to the front lines in Ukraine soon, with thousands more to be sent by December. Lawmakers in Russia's lower house of parliament voted unanimously on Thursday to ratify a treaty with North Korea that provides for «mutual assistance» if either party faces aggression.

Wrestling Federation of India (WFI) on Wednesday withdrew the Indian team from the World Championship, conveying to world governing body, UWW, that the sports ministry is interfering with its autonomy. The senior World Championship in 12 non-Olympic categories is scheduled to be held in Tirana, Albania from October 28. The WFI had recently announced selection trials for the U23 and World Championship, which was challenged as contempt of court by the protesting wrestlers who questioned the legality of the selection by the suspended federation. WFI withdrew the selection trials notice and the court, on October 4, decided not to proceed with the contempt petition.

New Delhi: In a major step towards enhancing collaboration and digital adoption at incubation centres, the Indian STEPs and Business Incubators Association (ISBA) announced a strategic partnership with SanchiConnect at the 16th edition of ISBACON 2024, India’s premier conference for startup incubators. The conference attracted over 300 participants from incubators across India, government bodies, and international associations such as AABI (The Asian Association of Business Incubators), Thai-BISPA, the British High Commission, and the German Centre for Research & Innovation.

BJP on Thursday launched a vitriolic attack on the Gandhi family, saying Priyanka Gandhi Vadra's nomination from Wayanad was a victory of dynastic politics and defeat of merit. BJP national spokesperson Gaurav Bhatia also alleged discrepancies in the declaration of assets in Priyanka Gandhi's poll affidavit Addressing a press conference here at the BJP headquarters, he also accused the Gandhi family of «insulting» Congress president Mallikarjun Kharge, a Dalit, by not allowing him to join the filing of nomination inside the collector's office. «It's a victory of corruption of Gandhi family and dynastic politics and defeat of merit,» he said slamming the Congress over nomination of Priyanka Gandhi from the Wayanad seat in Kerala.

propaganda leaflets apparently carried by balloons were found scattered on the streets of the South Korean capital Seoul on Thursday, including some making personal attacks on the country's president and first lady. The leaflets attacking South Korean President Yoon Suk Yeol and First Lady Kim Keon Hee found in the capital appear to be the first instance of the North Korean government directly sending anti-South propaganda material across the border. They included graphic messages accusing the Yoon government of failures that had left his people living in despair, and describing the first couple as immoral and mentally unstable.

Ben Powell, Chief Investment Strategist for APAC, BlackRock Investment Institute, says we are going to see more and more tie-ups between governments, in terms of legal framework, regulatory permissions, and societal buy-ins. A partnership between governments and private capital is important because many Western countries do not have so much fiscal firepower. Coming to India, Powell says the BRICS meeting is going on in Russia and we have seen Prime Minister Modi embracing President Putin. Modi will also be sitting down with President Xi later today., India seems to be in a amazing position where on the one hand it is a cherished partner of the BRICS with huge positives, obviously energy and other dimensions and on the other hand, India is an absolute cornerstone of US policy, most obviously through Quad. What is the future of finance going to look like and how can investors benefit out of it? Ben Powell: The need to mobilise capital and fund all of the aspirations is the practical reality.

Millions of Americans can’t afford to buy a home or rent a suitable apartment, making housing a central issue for voters in the upcoming presidential election