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Subscribe to enjoy similar stories. Bengaluru: Bike taxis and autos outnumber cars on Uber Technologies' fleet of 1 million taxis in the country, accounting for about a third of the American ride-hailing company's total revenue. The San Francisco-headquartered company also claims that 3% or 30,000 of its taxis, including cars, bikes and autos, are electric, making it the ride-hailing platform with the biggest electric fleet in the country.

Subscribe to enjoy similar stories. India and China have announced that they have reached an agreement on patrolling their common border after more than four years of tension. Can this boost trade and investment flow between the two economic powers? Mint explains: It is a first step towards rebuilding their relationship which took a beating following the border clash at Galwan in June 2020.

US elections are just inches away now and with it, the hopes and aspirations of the middle class are also in major consideration. According to John F. Pace, a seasoned CPA with over 40 years of experience, a second Trump term would likely impact the middle class through tax policy changes. During Trump's first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered limited benefits to middle-income earners, while providing more extensive benefits to the wealthy and corporations. Pace warns that similar policies in the future could result in minimal tax relief for the middle class, leading to larger budget deficits and potentially paving the way for future tax increases or cuts in essential services. The nonpartisan Brookings Institute has also weighed in on the impact of the TCJA, stating that the law does not help the middle class in the least bit. The institute's distributional analysis found that the benefits of the law are slightly biased towards the high income earners, both in the short and long term. By 2027, the benefits of the tax law are expected to flow entirely to the rich.

Cuba’s large-scale blackouts that left 10 million people without power this month wouldn’t have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

Kamala Harris was going steadfast in the election race ever since she joined the Presidential ticket on behalf of the Democrats, after Joe Biden's surprise exit. And with her rise in the polls some of the 'Trump trades' in the US stock markets began tanking, which were soaring when Biden's dismal performance in the poll race was ongoing.

The Bank of Canada dropped its policy rate by 50 basis points on Wednesday, bringing the interest rate down to 3.75 per cent, as policymakers try to keep inflation near their target with a fourth consecutive rate cut.

Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.

BRICS Summit, Prime Minister Narendra Modi underscored the importance of a united front against terrorism and terror financing. “In order to counter terrorism and terror financing, we need the single-minded, firm support of all. There is no place for double standards on this serious matter,” he said. Modi called for coordinated action to prevent youth radicalization, warning that failing to act could worsen the threat. He further emphasized the need to move forward on the «long pending matter in the UN of the Comprehensive Convention on International Terrorism.» Modi’s comments come against the backdrop of ongoing tensions within BRICS member countries. China's earlier move to block the designation of Pakistan-based terrorist Sajid Mir, involved in the 26/11 Mumbai attacks, as a global terrorist by the UN Security Council, highlighted ongoing differences. Nevertheless, Modi reiterated the need for collaboration, particularly on counter-terrorism measures, without selective approaches.

Subscribe to enjoy similar stories. NEW YORK—Twenty-five stories above Fifth Avenue in his sun-streaked corner office, Eric Trump talks about dazzling hotels and golf resorts in Oman and Indonesia, and a freshly signed development deal in Vietnam. Plans for Israel are on hold, given the war in Gaza, but “we’re going into Israel in a big way in the future." What happens if his father returns to the White House? “It’s too early to tell," said the second-born son of Donald Trump who helms the Trump Organization.

GoDaddy is one such company that aims to help small businesses to focus on their core competencies. In an interview with ET Digital, Laura Messerschmitt, President, International Independents, GoDaddy, and Selina Bieber, Vice President, International Markets, GoDaddy, say that the internet domain registry, domain registrar and web hosting company offers AI-powered tools in a variety of its products to small businesses who can benefit from the use of such advanced technologies. Edited excerpts: The Economic Times (ET): What’s GoDaddy's vision for empowering Indian small businesses? How can online opportunities, such as the benefit of using AI, help small business owners? GoDaddy (GD): In addition to being the world’s largest domain name registrar, GoDaddy is a trusted partner for small and medium businesses globally, simplifying the process of establishing and managing an online presence. GoDaddy’s vision is to empower entrepreneurs everywhere, making opportunity more inclusive for all. Our website builder tool allows business owners to create mobile-ready websites with customisable templates quickly and easily.

Life Insurance Corp. (LIC), which gets 96% of its new business from its agents, has recently introduced changes that have miffed them. Effective 1 October, modifications to endowment plans include a 7% reduction infirst-year agent commissions to 28%. LIC also plans to introduce a clawback clause, which would require agents to return part of their commission if a policyholder surrenders a policy within five years.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Trump wins next month's U.S. presidential election, Mike Sagan's toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China to Vietnam, India and elsewhere after Trump introduced 7.5%-25% tariffs in July 2018, midway through his first term. Now Trump threatens blanket 60% tariffs on China, which Sagan sees as a game-changing «blunt» tool.

Congress leader Priyanka Gandhi Vadra's electoral debut in the Waynad Lok Sabha constituency, Bharatiya Janata Party (BJP) national spokesperson Shehzad Poonawalla launched a scathing attack and called Priyanka «another dynasty product». He further pointed out why the ticket had not been given to someone from the local population. «Congress has fielded Priyanka Vadra from Wayanad seat for (Lok Sabha) by-elections, the name of another dynasty product. A party that says 'jitni aabadi utna haq' forgot its own slogan. They should have given ticket to (someone from) the local population. Why did they not?» said Poonawalla. Hitting out further, Shehzad Poonawalla said that the Congress is not a political party but a family company.

Donald Trump on Tuesday hurled a series of personal attacks at Vice President Kamala Harris, calling her «lazy» — a word long used to demean Black people in racist terms — and repeatedly questioning her intelligence and stamina. At an event in Miami aimed at courting Latino voters, he said Harris was «lazy as hell» for not holding a campaign event. Trump's comments ignored that Harris spent her day in meetings in Washington and recording interviews with Telemundo and NBC. He referred to the first woman of color to lead a major party ticket as «slow» and having a «low IQ.» Later in the day during a rally in Greensboro, North Carolina, he called Harris a «stupid person» and went on to ask: «Does she drink? Is she on drugs?»

Mexico's new president has announced an agriculture plan that could make the country's food production and distribution look a lot more like it did in the 1980s

Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales

A small town in far eastern Cuba is recovering from flooding that killed at least seven people after Hurricane Oscar crossed the island’s eastern coast as a tropical storm with winds and heavy rain

Indian nationals in the Russian Army during his bilateral meeting on Tuesday with Russian President Vladimir Putin on the sidelines of the 16th BRICS Summit in Kazan. Addressing a media briefing, Foreign Secretary Vikram Misri said the two leaders also shared perspectives on the ongoing conflict in Ukraine. Prime Minister reiterated that dialogue and diplomacy was the way forward to achieve resolution of the conflict. He briefed President Putin about his engagements with the Ukrainian leadership and noted that India stood ready to contribute in bringing peace to the region. «An important issue that came up was the issue of early discharge of the remaining Indian nationals in the Russian army. This figured from both sides in the discussion and with the support of the Russian side, a number of Indian nationals have, in recent months, been able to return to India. We understand that currently the embassy is pursuing around 20 cases with the Russian side and we very much hope that all of these individuals can be released at an early date and be repatriated to India very soon,» he said.

Kazan [Russia], October 23 (ANI): Prime Minister Narendra Modi held a meeting with Russian President Vladimir Putin on the sidelines of 16th BRICS Summit in Kazan on Tuesday. PM Modi invited Putin to visit India next year for 23rd India-Russia Annual Summit. The two leaders reviewed bilateral cooperation in various sectors, including political, economic, defence, energy, and people-to-people ties, Prime Minister's Office said in a press release. This was their second meeting this year as the two leaders had earlier met in Moscow for the 22nd India-Russia Annual Summit in July 2024.