President Financial News

Barron Trump, the youngest child of former U.S. president Donald Trump, will make his political debut as one of Florida’s delegates to the Republican National Convention.

AIMIM leader Akbaruddin Owaisi's controversial «15-minute» remark made in 2013, AIMIM Bihar President Akhtarul Iman defended him, stating that Owaisi intended to resolve tensions between Hindus and Muslims if given 15 minutes. Iman emphasized that Owaisi did not imply violence but rather suggested that removing police presence could enable communities to settle disputes peacefully. Reacting to BJP leader Navneet Rana's response to Owaisi's comment, Imam said, «The people of BJP cannot understand anything. Akbaruddin Owaisi did not say that in „15 minutes“ he would murder someone or burn someone's house, he meant to say that, removing the Police and Hindu-Muslim brothers would settle everything together. Wherever there are clashes it is the police who ignite it»

BJP in Telangana is aggressively pushing to improve on its previous tally of four out of 17 seats in the May 13 Lok Sabha polls in the face of the ruling Congress party’s guarantees that are less than one year old. A larger tally would help the saffron party establish a firm foothold in another southern state, aside from Karnataka and aim for a win in the assembly in coming years. Sections of political analysts believe pro-BJP sentiment is one the rise in state, especially in urban areas, amidst heavy campaigning by Prime Minister Narendra Modi, Union home minister Amit Shah, party president J.P. Nadda, Union minister Smriti Irani, and other national leaders. A slew of defections from the Bharat Rashtra Samiti (BRS) may also help the saffron party’s chances, they said. However, the BJP giving five of the 17 available NDA tickets to recent imports in the place of older core members may leave the party with internal fissures. In the assembly polls last year, the party had fielded 118 candidates, 54 of which were defectors. Only one of them managed to win. “We have been working for the party and have managed to build a base ever since the state was formed. But the leadership has chosen to field people from other parties over our own leaders, which is disappointing,” a party member said.

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.

Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.

₹22.29 crore, according to a statement from a Mumbai police official on May 9, PTI reported. A criminal case involving charges of cheating, forgery, and breach of trust was lodged at the Cuffe Parade police station following court orders. The complaint, leading to the FIR, was filed by a 43-year-old assistant vice president of Axis Bank, PTI reported.

Also Read: Mutual fund investors alert! You are losing a hefty amount if committing either of these seven mistakes Nobel Peace Prize winner, Nelson Mandela, became the first non-white president of South Africa on May 10, 1994. His efforts led to the end of apartheid.

BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China.

Donald Trump's defense attorney on Thursday accused Stormy Daniels of slowly altering the details of an alleged 2006 sexual encounter with Trump, trying to persuade jurors that a key prosecution witness in the former president's hush money trial cannot be believed. «You made all this up, right?» attorney Susan Necheles asked.

Biden administration's top diplomat in New Delhi on Thursday dismissed concerns being raised in certain quarters about democracy in India and observed that in many ways Indians are better than the Americans. At an event organised here by the Council on Foreign Relations, a top American think-tank, US Ambassador to India Eric Garcetti told the audience he was confident that «10 years from now India is going to be a vibrant democracy as it is today in terms of free and fair elections». «Again there's things that probably are worse and there's things that are better. They have a law, you can't go more than two kilometers to vote. So there''ll be one guy who lives in the mountains as a monk (at) someplace. They will walk for two days to bring the voting machine, execute the vote,» he said, responding to a question expressing concerns over the status of democracy in India.

Donald Trump's defense attorney on Thursday accused Stormy Daniels of slowly altering the details of an alleged 2006 sexual encounter with Trump, trying to persuade jurors that a key prosecution witness in the former president's hush money trial cannot be believed. «The details of your story keep changing, right?» attorney Susan Necheles asked at one point.

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10

Argentina’s biggest trade unions have mounted one of their fiercest challenges to the libertarian government of President Javier Milei

A battle is underway in California between a unit of the Wonderful Co. and United Farm Workers over how a group of workers organized under a recently-enacted labor law

Maryland Gov. Wes Moore has signed a measure to rebuild Baltimore’s historic but antiquated Pimlico Race Course and transfer the track to state control

TikTok says it’s going to start automatically labeling content that’s made by artificial intelligence when it’s uploaded from certain platforms

A financial executive has been convicted of enabling his boss and others to make millions of dollars illegally by trading ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public

The European Union marks its annual Europe Day on Thursday

Yemen’s Houthi rebels have claimed responsibility for two missile attacks in the Gulf of Aden on two Panama-flagged container ships that caused no damage

engineering major Larsen & Toubro (L&T) hit a two-month low of Rs 3,290, falling 6% on the BSE on Thursday after the company cut its margin guidance. However, the company is not only bullish on its engineering, procurement, and construction business, but also green energy. R Shankar Raman, president, whole-time director & CFO, L&T, tells Kalpana Pathak, the company will build its own green ammonia plant at Deendayal Port, Kandla, Gujarat. Edited excerpts: The street has given a thumbs down to L&T's earnings. Comment.