President Financial News

cooking oil have turned pricier in the run-up to the Maharashtra assembly election, following the government's interventions to ensure better returns to farmers in the state which is the country's largest producer of the kitchen staples, said industry executives. Cooking oil prices have increased 18-25% in the wake of the imposition of import duty last week, they said, and as prices of all oils, including soybean, have gone up, farmers in Maharashtra are expected to get higher prices for their crop. Similarly, onions have become about 12% costlier in a week following the government's move to free up exports, according to the executives. Sugar prices have increased about 5% over the past month, they said, as the government, instead of following the usual practice of releasing more sugar in the market during the festive season, slashed the sugar quota for September by 6% to assuage the politically strong cooperatives and sugarcane farmers of Maharashtra.

KLW Wheelco has supplied 2,000 Ukrainian-make forged wheels to the Indian Railways in the past few weeks, said a senior Indian government official. This is the first such delivery from the war-torn nation since the Russia-Ukraine conflict started in early 2022. The development comes close on the heels of Prime Minister Narendra Modi's recent visit to Kyiv where he met with his counterpart, President Volodymyr Zelenskyy. «Another 3,500 forged wheels are on their way from Ukraine. Orders for 10,000 forged wheels worth ₹72 crore have been placed with the Swiss company earlier this year,» the official told ET. These wheels are being manufactured in Dnipro (Ukraine) by Interpipe Group, a global producer of steel pipes and railway wheels. The wheels are for Bogie Open Wagon with Air Brakes (BOXN wagons), which are largely used for carrying goods such as coal, and are being loaded from an Ukrainian port in the Black Sea.

Kyiv: The European Union (EU) pledged on Friday to lend Ukraine up to ₹35 billion ($39 billion) as part of a loan package organised by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia's frozen central bank assets would be used as collateral, but progress in distributing the loans has been slow. «We should make Russia pay for the destruction it caused,» European Commission President Ursula von der Leyen told reporters at a news conference in Kyiv with President Vlodymyr Zelenskyy in Kyiv. Von der Leyen said that the EU has already provided Ukraine with more than ₹118 billion euros ($132 billion) in military and economic assistance since the war began in February 2022, «but Russia's relentless attacks mean further support is necessary.»

Donald Trump are in close contests, according to a poll by Emerson College and The Hill. Following the presidential debate, Trump and Harris are tied in swing states: poll | Vargas Reports According to a Washington Post poll, Vice President Kamala Harris and former president Donald Trump are tied statistically in Pennsylvania, a state that many observers believe will decide the winner of the presidential contest. A week following a debate that Pennsylvanians overwhelmingly believe Harris won, she is supported by 48% of likely voters and registered voters, compared to 47% of both groups for Trump. Also Read: Black Mirror Season 7: Expected release date, new cast and plot details revealed

Scientific American has only twice received presidential endorsements. After receiving a presidential endorsement, a prestigious science magazine, only the second in its 179-year history, has entered the political arena. On Monday, Scientific American announced its official endorsement of Democratic presidential candidate Kamala Harris with the headline, ‘Vote for Kamala Harris to Support Science, Health, and the Environment.’ After supporting President Joe Biden in the 2020 election, Harris is Scientific American's second-ever presidential endorsement in the publication's history. The editors pushed a candidate who offers the country better prospects, relying on science, solid evidence, and the willingness to learn from experience, writing that the US faces two futures. In the other future, the new president puts public health and safety in jeopardy and rejects evidence, preferring instead absurd conspiracy theories. Also Read: Is US Secret Service probing Elon Musk over Donald Trump assassination attempt tweet?

Shares of Trump Media have slumped to new lows on the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform

Donald Trump in the national poll average by nearly three full percentage points, 48.9% to 46%, according to data released by prognosticator Nate Silver on Tuesday. Silver's electoral college forecast indicates that, despite Harris's three-point national lead, there is nearly a 25% chance that Harris will win the popular vote but lose the electoral college vote. Former President Trump has a 56.2% chance of winning the electoral college as of Tuesday, according to Silver's prediction, while Harris has a 43.5% chance. Silver's projections differ from other election forecasts, particularly those from Silver's former company FiveThirtyEight, which as of Tuesday gave Harris a 61% chance of winning the Electoral College, a nearly 18-point difference between the two forecasters.

Taylor Swift's drive to encourage her followers to cast ballots in this year's election. However, this percentage is down 15 points from February due to a conspiracy theory involving the possibility of a rigged Super Bowl. According to a recent Monmouth University survey, 53% of respondents support Swift's efforts to encourage her followers to cast ballots, while 35% disagree. One in twelve respondents claimed not to know. Swift gave Vice President Harris her support following last week's debate between former President Trump and Harris. Besides attending the team's Super Bowl matchup in Las Vegas against the San Francisco 49ers, Swift is dating Travis Kelce of the Kansas City Chiefs. There was conjecture at the time that the Chiefs might have rigged the game to gain as much publicity as possible in exchange for President Biden's immediate endorsement. Swift did not support this plot at the time, and there was no proof of it either. Monmouth, however, pointed out that since the conspiracy theory, support for Swift's initiatives has sharply declined.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Senator Tom Cotton, following various eminent political personalities who already criticized the US Presidential Debate, has also raised questions about certain claims made by Vice President Kamala Harris during the debate, which were eventually found out to be not valid. According to Fox News, when Kamala Harris made a claim about absence of US Military in the war or combat zones which is a proven lie, she was not at all stopped or fact checked by the US Presidential Debate moderators David Muir and Linsey Davis. Senator Tom Cotton further asserted that as former President Donald Trump was constantly stopped during his speeches and was being fact-checked by the moderators David Muir and Linsey Davis, whereas Kamala Harris was not even fact-checked once in spite of making false claims about the military whatsoever proves that the US Presidential Debate was utterly biased, reported Fox News. Also Read: Will Donald Trump sell his $2 billion Truth Social shares amid losses?

Donald Trump was curious about a twist that a woman was performing better than US president Joe Biden in the presidential race. This curiosity throw light on the dynamic variation on the electoral landscape and it also raises a question based on the dynamic breakthrough of gender in politics.

Kamala Harris nor Donald Trump has a decisive edge with the public on the economy, turning an issue that was once a clear strength for Trump into the equivalent of a political jump ball. About 4 in 10 registered voters say Republican Trump would do a better job handling the economy, while a similar number say that about the Democratic vice president, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. About 1 in 10 voters don't trust either candidate, and a similar share has equal faith in them. The finding is a warning sign for Trump, who has tried to link Harris to President Joe Biden's economic track record. The new poll suggests that Harris may be escaping some of the president's baggage on the issue, undercutting what was previously one of Trump's major advantages.

The next chief of executive of Toronto-Dominion Bank is a 32-year insider who rose through the ranks from the bank’s business administration program to senior executive roles in insurance, investing and wealth.

Subscribe to enjoy similar stories. Donald Trump this week pivoted to embrace a niche constituency that few would have expected him to champion—cryptocurrencies and the deep-pocketed investors who have made them their domain.

Subscribe to enjoy similar stories. A deal between Constellation Energy and Microsoft will restart Pennsylvania’s Three Mile Island, the site of the country’s worst nuclear accident, to help power the tech giant’s growing artificial intelligence ambitions. Under the agreement, Constellation would revive the plant’s undamaged reactor, which was too costly to run and closed in 2019, and sell the power to Microsoft.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production

The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations

Subscribe to enjoy similar stories. Data centers’ squat, industrial aesthetic is getting a vertical and visual upgrade, driven by artificial intelligence-fueled demands for computing power, as well as geographic necessity. A movement of data centers from the boonies to the burgs has led operators to reconsider the windowless, prison-like look that has defined data-center design for decades, resulting in projects more pleasing to the eye from street level.

Hungary gave one of the most trenchant expressions of values-based foreign policy — and takedowns of a supposed US ally, who shares none of them — that I have heard from a diplomat. It was refreshing, even inspiring, precisely because it was so undiplomatically blunt. But in the context of November’s US election, this thunderbolt from a superpower felt out of step with the time and frankly harmless. In fact, Ambassador David Pressman’s address distilled for me a sense that’s been growing ever since Donald Trump’s victory in 2016, and has crystallized since a second spell in power became as likely as not: No matter what Pressman or a President Kamala Harris might say or stand for, it’s no longer clear what American values are even supposed to be. They can turn on a Hungarian forint. Prime Minister Viktor Orban is counting on that. He has bet big on a Trump victory, becoming one of the very few world leaders to openly campaign for it. And if it doesn’t work out this time, he’s said he’ll just wait for the next turn of the US electoral cycle. And why not? Orban’s been working against the wishes and interests of both the European Union and North Atlantic Treaty Organization for well over a decade despite Hungary’s membership. He’s suffered only some fines and finger-wagging as a result. In Europe, he’s playing an even longer game to change the EU’s interests and values to match his own. He could succeed; it’s possible.

Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased