President Financial News

Abraham Lincoln pardoned Joe Biden's great-great-grandfather after a late-night Civil War-era brawl, documents reportedly show, linking the two US presidents across the centuries. The court martial records in the US National Archives, reported on by the Washington Post Monday, detail the trial of Moses J. Robinette after a fight with fellow Union Army civilian employee John J. Alexander on March 21, 1864.

Balrampur Chini Mills Limited (BCML), a leading integrated sugar mill company on Monday announced a Rs 2000 crore forward integration project which will be the first-ever "industrial bioplastic" plant in India. The Kolkata-based company said this diversification with its upcoming PLA (Polylactic Acid) manufacturing venture is well-aligned with the sustainability goals envisioned in India, to combat climate change. «The new project aims to propel India towards net zero emissions by 2070 with an estimated investment of Rs 2,000 crore in phases over the next 30 months,» Balrampur Chini Executive Director Avantika Saraogi said. «Expected to be completed within 30 months, the new venture will mark the establishment of the first-ever industrial bioplastic plant in India. The state-of-the-art PLA factory will command a whopping capacity at a global scale of 75'000 tonne per annum,» the company said.

Chandigarh Mayoral Election leading to a political and legal fight between the Bharatiya Janata Party (BJP) and the Aam Aadmi Party (AAP) have to be produced in the Supreme Court February 20. The votes already cast will be counted by disregarding the marks which were made on them by the previous Presiding Officer Anil Masih, as per SC directives. Basically there won't be any fresh election to settle the dispute over the outcome of the results of election held on January 30.

Major technology companies signed a pact Friday to voluntarily adopt “reasonable precautions” to prevent artificial intelligence tools from disrupting democratic elections worldwide

A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom

The head of the World Trade Organization says the body remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike ...

On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”

The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s yearslong anticorruption drive

Amazon is arguing in a legal filing that the 88-year-old National Labor Relations Board is unconstitutional

George Washington was uneasy about the idea of commemorating his life

As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.

DK Shivakumar on Monday accused JDS leader HD Kumaraswamy of making «offers» to Congress MLAs to influence them to vote for his party candidate in the Rajya Sabha polls. “We are aware of who HD Kumaraswamy is making phone calls to, what he is speaking and what offers he is making. Our MLAs have given us all the information. We are aware of BJP’s game plan too,” Shivakumar told the media in Bengaluru. JDS has fielded former Rajya Sabha member and wealthy businessman Kupendra Reddy as NDA's surprise fifth candidate, setting off worries in the Congress camp.

The U.S. government is giving chip maker GlobalFoundries $1.5 billion in grants to build and expand facilities in New York and Vermont, the first major award in a program that aims to reinvigorate domestic chip production. The award from the Commerce Department kicks off what is expected to be a series of cash injections into semiconductor manufacturing projects in Arizona, Texas, New York and Ohio in the coming weeks.

By Doina Chiacu

By Harry Robertson and Ankur Banerjee

Mamata Banerjee has not given a single statement till now. Sheikh Shahjahan is still absconding. The police are not able to trace him.

Calcutta High Court on Monday refused to take up for urgent hearing a PIL seeking protection to women residents of Sandeshkhali area over allegations of sexual atrocities on them by people owing allegiance to ruling Trinamool Congress. A division bench presided by Chief Justice T S Sivagnanam asked whether the petitioner is an elected representative like an MLA or a panchayat pradhan or a resident of Sandeshkhali or whether the person visited the affected place, saying that only attaching copies of newspaper reports with the petition will not be enough. The Chief Justice told the lawyer petitioner that the basic requirements of a PIL have to be satisfied for it to be taken up. The petitioner lawyer prayed for an urgent hearing of her public interest litigation (PIL) seeking protection to the women villagers of Sandeshkhali in West Bengal's North 24 Parganas district.

Chandigarh AAP President Sunny Singh Ahluwalia alleged that they had been threatened or brought by the BJP. «They launched 'Operation Lotus'. The councillors who were protesting against them just three days ago, fighting for democracy, were either threatened or brought by the BJP and the same is going on inside the country,» Sunny Singh Ahluwalia said. The three Aam Aadmi Party Chandigarh councillors who joined BJP are Punam Devi, Neha Musawat, and Gurcharan Kala in the presence of party National General Secretary Vinod Tawde, in Delhi.

Israel will launch its long-threatened offensive against Rafah next month if Hamas has not freed the remaining hostages held in Gaza by the start of Ramadan, Israeli war cabinet member Benny Gantz said. «The world must know, and Hamas leaders must know — if by Ramadan our hostages are not home, the fighting will continue everywhere, including the Rafah area,» Gantz, a retired military chief of staff, told a conference of American Jewish leaders in Jerusalem Sunday. Ramadan, the Muslim holy month, is expected to begin on March 10.

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley caused a stir on social media with a rapid-fire barrage of 26 tweets within 40 minutes. The tweets covered a range of topics, from sharp criticism of Russia, its President Vladimir Putin, and former President Donald Trump, to comments on U.S. immigrant laws. The unusual tweeting spree began around 5:00 pm, GMT-5, with tweets appearing unrelated and lacking context.