President Financial News

WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice yesterday.

The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February

Bhubaneswar: BJD president and former Odisha chief minister Naveen Patnaik on Tuesday greeted newly elected first-time BJP MLA Laxman Bag, who defeated him in the recently concluded Assembly polls from Kantabanji seat in Bolangir district. Patnaik, known for his composed demeanour, was making his way through the House after taking the oath as a member of the Assembly when he came face-to-face with Bag, who stood up from his seat. «How are you?» Bag inquired with folded hands. As Bag introduced himself, Patnaik responded, «Oh, you defeated me.»

Hezbollah movement, US envoy Amos Hochstein said on Tuesday, following an escalation in cross-border fire between the foes along Lebanon's southern frontier. Iran-backed Hezbollah has been trading fire with Israel for the last eight months in parallel with the Gaza war. Last week, the group fired the largest volleys of rockets and drones of the hostilities so far at Israeli military sites, after an Israeli strike killed the most senior commander yet. Hochstein, special envoy to US President Joe Biden, said he had been dispatched to Lebanon immediately following a brief trip to Israel because the situation was serious. «We have seen an escalation over the last few weeks. And what President Biden wants to do is avoid a further escalation to a greater war,» Hochstein said on Tuesday.

workers engaged in cutting and polishing of lab-grown diamonds (LGD) in Surat are facing delays in getting their wages and uncertainties about their jobs, with a fall in the prices of these man-made gemstones affecting the revenue of the units employing them. As LGD prices are falling and export demand is not picking up as expected, wages are getting delayed by 20 days every month, according to the workers' union. Exports fell in value in 2023 but grew in volume, industry executives said. Last calendar year, exports of polished LGDs from India increased more than 50% in volume terms to 6.45 million carats, compared with 4.28 million carats in 2022. This year, volume growth too has slowed down. More than volume, value is falling which is a matter of concern. In 2024, value of lab-grown diamonds has fallen 45% compared with calendar 2023.

Voters who don’t expect to be able to cast ballots themselves are scrambling to make their voices heard in France’s high-stakes legislative election

PTI that both she and Shruti will be joining the BJP on Wednesday.Shruti Choudhry, a former MP, was also the working president of the Haryana unit of the Congress. Their joining is likely to come as a big boost to the BJP in Haryana with few months remaining for the polls.Kiran Choudhry, a sitting MLA, is a daughter-in-law of former Haryana chief minister Bansi Lal.She is considered as bete noire of senior Congress leader Bhupinder Singh Hooda.Both have sent separate resignation letters to Congress chief Mallikarjun Kharge in which they took a veiled attack at Hooda.While Kiran Choudhry, 69, wrote that Haryana Congress is being run as a “personal fiefdom", Shruti Choudhry, in an apparent reference to Hooda, alleged that the state unit centres around one person who has compromised the interest of the party for his own “selfish" and “petty interests".“It is most unfortunate that the Congress party in Haryana is being run as the personal fiefdom leaving no space for sincere voices like mine, who have been stifled, humiliated and conspired against in a most well-orchestrated and systematic manner, thus, significantly hampering my diligent efforts to represent our people and uphold the values, I have always stood for," Kiran Choudhry said in her letter to Kharge.Kiran, learnt to be upset with the denial of ticket to Shruti Choudhry from Bhiwani-Mahendragarh constituency in the recently concluded Lok Sabha polls, also said: “They have pushed me into a corner.

Bihar that the only son of Chief Minister Nitish Kumar, the JD(U) president who is known to be against «dynasty rule», could enter active politics. Nishant Kumar has been a reclusive figure, seen in public with his father on rare occasions. For the past few weeks, there have been murmurs that the 73-year-old leader could agree to «demands from within the party» that Nishant formally join the JD(U), which lacks a second rung leadership that could take over from the supremo once he decides to hang the boots. The speculations intensified on Monday, when Vidyanand Vikal, who is associated with the party and heads the State Food Commission, came out with a social media post.

Joe Biden replace Kamala Harris with former First Lady Hilary Clinton? This question is looming large on the Democrats, the voters as well as the US political system. This has become particularly important in the wake of the increasing number of incidents that raise questions about the cognitive health of the president. The debate was once again triggered after US President appeared to lose his way during a G-7 event in the Italian city of Apulia. Joe Biden Biden wandered off and started a conversation with an officer who was packing a bag. The embarrassing situation came to such a pass that Italian Prime Minister Giorgia Meloni came forward and redirected the US president to his place among the other leaders.

New Delhi: The BJP on Tuesday ruled out any change in its leadership in Maharashtra after the party's poor showing in the recent Lok Sabha elections. The decision was taken at the Maharashtra BJP's core group meeting with party president JP Nadda and Union Home Minister Amit Shah. «There will be no change in leadership in Maharashtra,» Union Minister Piyush Goyal told reporters at the BJP headquarters. The meeting was attended by state BJP chief Chandrashekhar Bawankule, senior leaders Sudhir Mungantiwar, Chandrakant Patil, Pankaja Munde and Vinod Tawde, among others.

Two top Democratic leaders in Congress have unblocked the sale of 50 F-15 jet fighters to Israel, paving the way for a major weapons deal that had been held up over concerns about the killing of thousands of civilians in the war in Gaza. The $18 billion sale is one of the largest arms deals with Israel in recent years, and comes as President Biden is facing calls from leaders in his own party to withhold American weapons in order to pressure Israeli Prime Minister Benjamin Netanyahu to accept an end to the Gaza war.

Small businesses are increasingly concerned about payment fraud

Dozens of protesters have been arrested in Kenya’s capital, Nairobi, in ongoing protests against proposed tax hikes in a finance bill that is due to be tabled in parliament

EVM and used to generate an 'unlocking' OTP. This incident has intensified calls from various political figures in India to replace EVMs with traditional ballot papers. Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has been vocal in his criticism of EVMs.

NCERT says teaching about Gujarat riots, Babri masjid demolition ‘can create violent, depressed citizens’"The NCERT has decided to replace Babri Masjid with the words ‘three domed structure.’ It has also decided to call the Ayodhya judgement an example of 'consensus.' India’s children should know that the Supreme Court called the demolition of Babri Masjid an egregious criminal act," Owaisi said.He also added that the children should know that a functioning masjid was "desecrated" in 1949 and then demolished by a mob in 1992. "They should not grow up glorifying criminal acts."Also read: NCERT omits some references to ‘Gujarat riots, Babri Masjid’ from Class 12 syllabus.

Congress in Andhra Pradesh after its rout in the recent polls, newly appointed state unit chief Y S Sharmila Reddy on Tuesday briefed the party's central leadership on her roadmap to boost the party's fading presence in the southern state. Sharmila, the sister of former Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, apprised Congress president Mallikarjun Kharge and party general secretary K C Venugopal of the plans to strengthen the party's organisational machinery and regain its lost political space in the state, where it failed to win a single seat in the assembly and Lok Sabha polls. Sharmila said that Kharge and Venugopal offered «valuable suggestions» and assured her of their «full support» to the efforts aimed at reviving the party's base. «They expressed confidence that very soon the party will assume greater strengths and significance and will become people's voice and weapon,» she tweeted after the meeting.

The Fairshake group, a political action committee (PAC) backed by prominent crypto firms Ripple and Coinbase, has allocated over $2 million towards opposing the incumbent candidate in the Democratic primary for New York’s 16th Congressional District.

Also Read: Stocks to buy: 8 stocks that may rise 4-16% in the next 3-4 weeks, say analystsHere are the two technical stock picks:After peaking near ₹137 on May 22, 2024, Ratnaveer Precision Engineering shares experienced a significant downturn, declining approximately 30 points, or about 22%. However, in the following two trading sessions, Ratnaveer Precision shares showed some cool off.From a technical standpoint, the daily stochastics indicated a bullish divergence along with 1:1 leg, suggesting a potential shift in momentum and presenting an attractive buying opportunity, said brokerage firm Anand Rathi.Also Read: Stocks in focus: Ruchit Jain of 5paisa recommends buying these two stocksConsequently, it advises traders to consider buying Ratnaveer Precision shares within the ₹121-125 range, targeting an upside of ₹141, with a stop-loss set at ₹114 based on the daily closing price, and a timeframe of one month.Ratnaveer Precision stock is Anand Rathi’s pick for the month and the target price implies an upside potential of 14% from Friday’s closing price.KRBL shares have witnessed decent erosion from the peak of ₹480 to show signs of bottoming out around ₹270 levels and have formed a good base at these levels.

Chinese Premier Li Qiang has ending his Australian tour in the west coast city of Perth where he focused on China’s investment in critical minerals, clean energy and busines links

Kansas lawmakers hoping to lure the Kansas City Chiefs from Missouri are narrowing their proposal for encouraging the Super Bowl champions to build a new stadium and linking the proposal to a plan for broad tax cuts

Burundi seems to be running short of everything but patience