President Financial News

(Bloomberg) — Chinese Foreign Minister Wang Yi and US National Security Advisor Jake Sullivan discussed setting up new talks between their presidents in meetings aimed at managing the two nations’ difficult relationship.

Donald Trump’s campaign was warned about not taking photographs before an altercation at Arlington National Cemetery during a wreath-laying ceremony earlier this week to honour service members killed in the Afghanistan War withdrawal, a defense official told The Associated Press on Wednesday.

Blythe Masters, founding partner of Motive Partners, a private equity backer of FNZ, is set to step into Durham's shoes.  Masters brings over 30 years of industry experience with her and will be flanked by Roman Regelman, who has been appointed group president and brings experience as former CEO of securities services and digital at BNY.  abrdn-supported Virgin Money teams up with FNZ for digital investment platform launch «I am excited to be joining FNZ for this next phase in its growth journey, leveraging Durham's continued vision and strategic advice,» Masters noted.  «We wil...

French President Emmanuel Macron starts a two-day state visit to Serbia, with the focus on the possible sale of 12 Rafale multi-purpose fighter jets to the country, which has maintained close ties to Russia despite its invasion of Ukraine

Donald Trump's airy comments around the state of California and how he could have won there, has created a frenzy on social media. In a TV interview with popular host and personality Dr. Phil, Trump claimed that if the mail-in ballots were replaced with Jesus Christ for doing the vote counting, the former President could have easily won the elections there.

Beijing, on a visit with the stated aim of keeping communications open between the two powers, as the relationship between China and the United States has become increasingly tense in recent years. Sullivan, on his first trip to China in his capacity as the main adviser to President Joe Biden on U.S. national security issues, has met with senior Chinese officials including Foreign Minister Wang Yi and a senior general of the Central Military Commission. China and the U.S. have become increasingly at odds over various issues, starting with a trade war dating back to 2018, and which now encompasses global security matters, such as China's claims over the South China Sea, and industrial policy on things like automobile and solar panel manufacturing. Sullivan's trip this week is meant to keep the tensions from growing further.

Sri Lanka's Debt Sustainability Agreement, Foreign Minister Ali Sabry has said resuming negotiations with the IMF could jeopardise its next tranche due in December and subsequent disbursements from the World Bank and the Asian Development Bank. The conditions for the Debt Sustainability Agreement (DSA) have now become part of the law and cannot be easily altered, Sabry said. He emphasised that renegotiating the deal could lead to further economic instability in the island nation, which is recovering from the worst-ever economic turmoil it suffered in 2022. Sri Lanka declared its first-ever sovereign default in mid-April 2022, having run out of its foreign exchange reserves. The halt to the debt services meant that the multilateral creditor nations and commercial lenders could not extend fresh financing to the country.

Tech Mahindra on Thursday said it has inked a pact with UK-based engineering service provider Marshall Group to combine their digital solutions and engineering capabilities to spur advancements in aerospace and the defence industry. Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will also make use of Tech Mahindra's suite of data analytics and intelligent field support technologies to enhance its infrastructure solutions' operational efficiency and reliability. «Combining Tech Mahindra's global engineering and technology capabilities with Marshall's rich heritage and specialised knowledge, we are poised to create a powerful collaboration to drive innovation, deliver exceptional customer value, and enable the industry to scale at speed,» Narasimham R V, President, Engineering Services, Tech Mahindra, said.

Swiggy has appointed former Flipkart senior vice president and head of grocery Amitesh Jha as the chief executive of Instamart, according to an email sent by Swiggy cofounder and group CEO Sriharsha Majety. In an internal email, Majety announced Jha’s appointment. Swiggy cofounder Phani Kishan Addepalli, who was previously heading Instamart, will now lead the firm's central growth team that looks after initiatives like the subscription service Swiggy One. Phani will also take on the role of chief of staff to Majety, the latter added in his internal email. “He (Phani) took on the IM CEO role (at Instamart) last year when I asked him to (as he always has for key challenges), and has over the last year steered Instamart from strength to strength by significantly improving the consumer experience and profitability…” Majety said in the email.

Chinese President Xi Jinping met with U.S. national security adviser Jake Sullivan

BEIJING — Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting Thursday that Beijing hopes Washington will find «a right way» to get along.

BJP leaders, including Union minister Amit Shah, met at party president JP Nadda's residence here on Thursday to discuss the names of probable candidates for the upcoming Haryana assembly polls. This came ahead of the BJP's central election committee (CEC) meeting in the evening, during which the panel could finalise the names of its nominees for the polls to be held on October 1. BJP chief Nadda, Prime Minister Narendra Modi, and Union ministers Shah and Rajnath Singh, among others, are part of the CEC. Besides Shah, Union ministers Dharmendra Pradhan, who is the BJP's in-charge for elections in Haryana, and Manohar LaL Khattar, Haryana Chief Minister Nayab Singh Saini and BJP Haryana unit president Mohan Lal Badoli were part of the core group meeting at Nadda's residence to scrutinise the names of probable sent from the state.

Kamala Harris and her running mate, Minnesota Gov. Tim Walz, will sit down Thursday for their first major television interview of their presidential campaign as the duo travels in southeast Georgia on a bus tour. The interview with CNN's Dana Bash will give Harris a chance to quell criticism that she has eschewed uncontrolled environments, while also giving her a fresh platform to define her campaign and test her political mettle ahead of an upcoming debate with former President Donald Trump set for September 10. But it also carries risk as her team tries to build on momentum from the ticket shakeup following Joe Biden's exit and last week's Democratic National Convention. Joint interviews during an election year are a fixture in politics; Biden and Harris, Trump and Mike Pence, Barack Obama and Biden — all did them at a similar point in the race. The difference is those other candidates had all done solo interviews, too. Harris hasn't yet done an in-depth interview since she became her party's standard bearer five weeks ago, though she did sit for several while she was still Biden's running mate.

BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech features such as the driver-assist function.

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in «coming weeks,» the White House said Wednesday.

Kamala Harris and Tim Walz will be seen together for the first time on screens, appearing for a joint interview on CNN on Thursday, according to CNN's latest announcement. This major interview was in the pipeline for some time now and will be conducted by CNN'S Dana Bash, who will obviously try to leave no stones unturned in giving the Americans a literal treat.

interest rate cut in September and a weaker dollar, as traders awaited jobs data and a key inflation print from the world's top economy for signals on the Federal Reserve's policy path.

Donald Trump's election campaign took a jibe at Vice-President Kamala Harris ahead of her first joint interview with Tim Walz, her running mate, and said that she is scared to interview on her own. Notably, Harris agreed to a joint interview with Walz, who is her running mate for the elections, The Hill reported. Harris and Minnesota Governor Walz will participate in their first joint interview with CNN on Thursday. CNN's Dana Bash will conduct the interview, which is set to air at 9 pm EDT. Sharing a post on X, the Trump War Room said, «It's no coincidence that Kamala's first interview is scheduled for the Thursday night before Labor Day weekend. They already hope it gets lost — and it hasn't even aired yet.»

Donald Trump is currently facing the heat in a state that was in July, being considered a sure-shot winning region for the former US President, when Joe Biden was still the candidate for the Democrats. According to the CooK Political Report, Joe Biden was nearly 7 points behind Trump when the reigning President simply dropped out of the poll race and endorsed Kamala Harris in his place instead.

companies are increasingly insisting that freshers undergo mandatory internships with them for an extended period before they make the final offers, delaying the hiring process that has just started seeing some activity after a washout year. Placement officers in several tier-1 and -2 engineering colleges that ET spoke to said internships, which used to be six months, have now been extended by another four-six months. “Employers are increasingly seeking fresh graduates with internship experience in AI/ML, data roles, model development and analytics,” said Munira Loliwala, vice president, strategy and growth, at staffing services firm TeamLease Digital. “The shortage of skilled entry-level talent has led companies to offer extended internships, enhancing the likelihood of hiring through management trainee programs later.”

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