President Financial News

Russia has announced increased security measures in the border region of Kursk

The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven’t been paid in nine months

Susan Wojcicki, the former YouTube chief executive officer and longtime Google executive, has died

Residents of a tiny village in western Serbia don’t care if their government has agreed with the European Union to open a lithium mine in their sprawling valley: They say it is never going to happen

Tens of thousands of protesters have rallied in downtown Belgrade against lithium mining in Serbia

Mayawati on Sunday announced that her party will field candidates in all the 10 assembly seats in Uttar Pradesh where bypolls are going to be held. The Election Commission is yet to declare the schedule for the by-elections to Karhal, Milkipur, Katehari, Kundarki, Ghaziabad, Khair, Meerapur, Phulpur, Majhawan and Sisamau assembly seats. In a statement, released after a meeting of the BSP's state unit district chiefs, office bearers and functionaries, the party said Mayawati reviewed the preparations for the upcoming assembly bypolls. «Ten assembly constituencies have fallen vacant after the Lok Sabha elections. No official announcement of the date has been made so far but activities pertaining to this are increasing continuously, especially the ruling party, BJP, and its government have made it an issue of prestige, due to which the interest of the people in the bypolls has also increased,» it said.

Moosa Zameer and External Affairs Minister S Jaishankar will soon commence the handing over ceremony of the reclamation and shore protection project and the inauguration of the 4-lane Detour Link road project. The Maldivian Foreign Affairs Minister welcomed Jaishankar to Addu City on Sunday. Moosa Zameer took to X and highlighted that both these projects are facilitated by the Indian government under the LoC of EXIM Bank.

Maldivian Democratic Party has welcomed the recalibration of the India policy by President Mohammad Muizzu-led government and said that the Maldives is confident that India will always be the first to assist it in times of emergency. Abdulla Shahid, the president of the Maldivian Democratic Party, made the remarks after he met External Affairs Minister S Jaishankar here on Saturday. Jaishankar is on a three-day official visit to Maldives to reset the bilateral relationship, the first high-level trip from India after the archipelago nation's pro-China President Muizzu assumed office last year. «Great pleasure to warmly welcome and meet Indian External Affairs Minister @DrSJaishankar to the Maldives with my colleagues from @MDPSecretariat,» Shahid, the former foreign minister, said in a statement posted on 'X' late Saturday night.

Arjun Ram Meghwal has accused the opposition of creating confusion among people over the Supreme Court «observation» on creamy layer among SCs and STs, and asserted that the Constitution given by B R Ambedkar has no provision of a creamy layer. In an interview to PTI Videos, he said the the BJP-led NDA government will follow Ambedkar's Constitution and will continue the reservation system for Scheduled Castes and Scheduled Tribes as provided in it. Meghwal noted that though the opposition is aware that the top court had only made an «observation» on creamy layer, it is trying to create confusion among people. On Saturday, Congress president Mallikarjun Kharge had said that the idea of denying reservation to SCs and STs on account of the creamy layer concept is «condemnable»

Foreign Secretary Vikram Misri arrived here on Sunday on a two-day visit to discuss with the country's leadership and officials ways to further strengthen India-Nepal relations and advance the mutually beneficial ties with the Himalayan nation. Misri was received by his Nepalese counterpart Sewa Lamsal on his arrival here. «Foreign Secretary of India @VikramMisri arrives in Kathmandu for an official visit from 11-12 August 2024. Warm reception by Nepal Foreign Secretary Ms Sewa Lamsal,» the Embassy of India in Kathmandu said in a post on X. «The visit is in keeping with the tradition of regular high-level India-Nepal bilateral exchanges & underlines India's commitment to its #NeighbourhoodFirst policy,» it said.

Kamala Harris told supporters in Nevada on Saturday she supported eliminating taxes on tips, taking a similar position to her rival Donald Trump in an effort to win over service workers, an important constituency in the state. Harris and her Democratic running mate, Minnesota Governor Tim Walz, wrapped up a multi-day tour of battleground states on Saturday with their stop in Nevada, a western state that could play a pivotal role in the Nov. 5 presidential election. «It is my promise to everyone here when I am president we will continue to fight for working families, including to raise the minimum wage and eliminate taxes on tips for service and hospitality workers,» Harris said.

Bangladesh Nationalist Party (BNP) leader and PM-in-waiting Tarique Rahman allegedly held meetings with Pakistani intelligence agency ISI in a Gulf nation where a plan was hatched to organise a campaign for ousting the Sheikh Hasina government, said people in the know. Rahman allegedly travelled to the Middle Eastern country a few months ago for meeting the ISI officials where the plot was hatched for launching the campaign and creating conditions in Bangladesh for ousting Hasina, ET has reliably learnt. ET had reported last week how the Pakistan Embassy in Dhaka allegedly played a role in instigating the move to hijack the student movement.

The polls of likely voters by The New York Times and Siena College showed Democratic presidential candidate Harris leading her Republican rival Trump by an identical 50 percent to 46 percent margin in Michigan, Pennsylvania and Wisconsin. Under the US electoral college voting system, those three populous Midwestern states are considered key to victory for either party.

Rush Doshi, a key architect of US President Joe Biden’s China policy, served in the National Security Council in 2021-24. Author of an acclaimed book, The Long Game: China’s Grand Strategy to Displace American Order, he speaks to Seema Sirohi on the US, India and China. Edited excerpts: How do you view the India-China border situation? What would US do if there was another Galwan-type situation? First, the Biden Administration has repeatedly noted the need for China to refrain from aggressive activity around the Line of Actual Control. Second, the US is not only more public about the border dispute but even includes it alongside the South and East China Seas, Taiwan Strait, as examples of provocative Chinese activity.

Vinesh Phogat's appeal to award her a joint silver medal. «The ad hoc division of CAS has extended time till 6:00 p.m. on August 11, 2024, for the Sole Arbitrator Hon. Dr Annabelle Bennett in the Vinesh Phogat vs. United World Wrestling & the International Olympic Committee to issue a decision. The reasoned order will be issued at a later date,» said IOA in a statement. Phogat had filed an appeal on August 7 challenging the Olympics disqualification she faced for weighing more than 50 Kg by 100 grams, leading to the Olympics committee revoking her silver medal win.

Vice President Jagdeep Dhankhar has condemned recent remarks by Congress leaders comparing the unrest in Bangladesh to potential scenarios in India. Speaking at the platinum jubilee celebrations of the Rajasthan High Court in Jodhpur, Dhankhar expressed his disapproval of these comparisons, which he believes undermine national stability. “Be on watch out!!! Efforts by some to infuse a narrative that what happened in our neighbourhood is bound to happen in our Bharat, is deeply concerning. How can a citizen of this country having been a Member of Parliament, and the other who has seen enough of Foreign Service takes no time in saying that what happened in the neighbourhood will happen in India!” Dhankhar said.

Congress on Saturday stated that the chief minister of the Maha Vikas Aghadi (MVA) alliance will be declared after the Maharashtra assembly elections even though the allies have already started their seat-sharing talks. BJP leaders claimed earlier this week that Shiv Sena (UBT) chief Uddhav Thackeray visited Delhi and met top Congress leaders only to ensure that he would be the chief ministerial candidate of the MVA. Congress, Sena (UBT) and NCP (Sharadchandra Pawar) are the chief constituents of the opposition alliance, pitted against the ruling 'Mahayuti' coalition of the BJP, Shiv Sena and NCP. Congress in-charge of Maharashtra Ramesh Chennithala said the MVA will contest the coming state elections unitedly.

Donald Trump concerning his alleged attempt to overturn the 2020 election has encountered a significant delay. U.S. District Judge Tanya Chutkan, overseeing the case, granted Special Counsel Jack Smith's request for additional time to propose the proceedings, making it highly unlikely that the trial will commence before the upcoming Election Day.

August one of the most dangerous months in the financial calendar of any economy? This question popped up after a meltdown in the US market triggered worldwide mayhem last week. Though the US Federal Reserve's Chairman Jeremy Powell rushed to indicate a cut in the interest rates in September, he could not prevent the Japanese stock markets from crashing. People also recalled the crash of the US market after the Iraqi forces under Saddam Hussein crossed the border on August 2, 1990, and invaded Qatar. Fears of the crude oil prices skyrocketing and destabilizing the oil market dynamics hit the capital market hard and it collapsed.

Droupadi Murmu on Saturday lauded the «very small but active» Indian community in Timor-Leste as a 'living bridge' for its role in improving bilateral relations and announced that India will soon open its embassy here. President Murmu, who arrived earlier in the day, on the first-ever presidential visit from India to Timor-Leste, was speaking at an interaction event with the Indian diaspora in this archipelagic Southeast Asian nation. Before this event, Murmu received the Grand Collar of the Order of Timor-Leste, the country's highest honour from her counterpart Jose Ramos-Horta for her achievements in public service and dedication to education, social welfare and women empowerment. «The Grand Collar of the Order of Timor-Leste bestowed upon me is a symbol of manifestation of the warmth and special friendship between the two countries,» she said at the outset as she thanked President Ramos-Horta and the country for hosting her and the Indian delegation.

India-Maldives ties for the benefit of the people in the two countries and the region. Jaishankar is on a three-day official visit to Maldives to reset the bilateral relationship, the first high-level trip from India after the archipelago nation's pro-China president Muizzu assumed office last year. «Privileged to call on President Dr Mohamed Muizzu. Conveyed greetings of PM @NarendraModi. Committed to deepening India-Maldives ties for the benefit of our people and the region,» Jaishankar posted on X along with a photograph of the meeting. Meanwhile, in a post on X, Muizzu said it was a pleasure to meet Jaishankar and join him in the official handover of water and sewerage projects in 28 islands of the Maldives.