President Financial News

Houthi rebels over their attacks on shipping in the Red Sea pulled the world's focus Friday back on the yearslong war raging in the Arab world's poorest nation, even as shipping across the wider Mideast remains threatened. As the bombing lit the predawn sky over multiple sites held by the Iranian-backed rebels, Saudi Arabia quickly sought to distance itself from the attacks as it seeks to maintain a delicate detente with Iran and a cease-fire in the Yemen war from which it hopes to finally withdraw. Meanwhile, the U.S.

Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe.

Houthi rebels in Yemen amid growing crisis in oil-rich West Asia, thereby escalating a conflict in response to a string of attacks that have disrupted commercial shipping in the Red Sea. Notably, the spill over from the war between Benjamin Netanyahu's Israel and Hamas fighters in Gaza had been flagged repeatedly by US when Tel Aviv began a relentless airstrike campaign in the densely populated Gaza Strip.

Argentina's statistics agency says the country has registered a monthly inflation rate of 25.5% in December and closed 2023 with an annual inflation of 211.4%

The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation

Uri Kolodny, the CEO and co-founder of StarkWare Industries, has stepped down from his role due to family health issues. However, he will remain a board member of StarkWare and Starknet Foundation.

Factory workers at Tesla have been told to expect pay raises this year

The U.S. ambassador to Serbia says the United States has received Kosovo’s request for the purchase of Javelin anti-tank missiles

The Biden administration says 20 million people have enrolled for health insurance through the Affordable Care Act marketplaces, with still a few days left for signing up

Barred from giving a formal closing argument, Donald Trump still seized an opportunity to speak in court at the conclusion of his New York civil trial, calling the proceedings “a fraud on me” before the judge cut him off

parliamentary polls on March 17. Maldivian Democratic Party (MDP), the main opposition which has a majority in the Maldivian parliament, is expected to put up a strong fight in polls, ET has learnt. The elections will test Muizzu's policy, including his approach towards big powers like India and China, according to observers of Maldivian politics.

Assam CM Himanta Biswa Sarma on Thursday said that the state government hasn't been approached for necessary permission for Congress' Bharat Jodo Nyay Yatra. Sarma told media persons here: «There is no harm in giving permission as the state government always welcomes tourists. However, rally cannot be allowed through school premises and Guwahati city.

DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money.

FOX Business’ Grady Trimble speaks with manufacturers in Iowa about their economic concerns less than a week away from the state’s caucuses.

NEW DELHI : Bavarian automobile maker BMW’s India branch, which encompasses the premium two-wheeler brand Motorrad, British premium hatch brand Mini and BMW’s passenger cars, clocked its highest sales in 2023, delivering just over 13,300 cars, a growth of 18% over sales in 2022, and 8,768 motorcycles, 20% more than 2022. However, what shone alongside the growth in sales of BMW’s new vehicles, is its growth in its used car sales, which grew 32% in 2023 to attain their best-ever levels.

M2M/IoT) registration to all entities across segments will enable standardisation of IoT services as everyone will follow a single standard that will address key issues around know your customer (KYC), security and encryption, say experts. Going forward, artificial intelligence (AI) will also play a crucial role in amplifying capabilities of M2M systems, including prediction of security breaches. Currently, the M2M/IoT industry is operating with several separate standards and with growing types of devices, interoperability is becoming an issue. The telcos, however, are still waiting for the government to define critical M2M/IoT services, which, they say should only be given through licensed spectrum. «With explosive growth from about 2-3 billion devices currently to 25 billion or so, interoperability will become a key issue. Hence, basic discipline and conformance to standards becomes very important and that would be achieved through this measure,» TV Ramachandran, Broadband India Forum (BIF) president, told ET. He added that the government's measures would boost investor confidence.

PepsiCo's senior vice president and chief commercial officer at its AMESA (Asia, Middle East and Africa) region, Jagrut Kotecha, is now the frontrunner to head India operations, multiple executives aware of the developments said. «Kotecha is a top contender for the role of president and chief executive officer for its India business now, as his decades-plus experience in PepsiCo's snacks business is being preferred by the global leadership,» one of the executives said.

₹1 lakh per annum. “The Ulip premium has two elements—the death benefit and the investment value. Customers can choose their own multiple for the death benefit.

Federal Reserve Bank of Cleveland President Loretta Mester said it was premature to consider cutting interest rates as soon as the US central bank’s March meeting, emphasizing that fresh inflation data suggests policymakers have more work to do. “I think March is probably too early in my estimate for a rate decline because I think we need to see some more evidence," Mester, who votes on interest-rate decisions this year, said Thursday in an interview with Michael McKee on Bloomberg TV.

The rise of China as a world power and powerhouse of innovation despite an authoritarian political system presents a cognitive challenge to the liberal world order helmed by the US. However, the Western model appears to be creaking under the weight of its own imperfections even without the successful counterpoint posed by China. The US adopted an accentuated market-led growth pattern with the Ronald Reagan era of the 1980s.

NEW DELHI : Data center and IT infrastructure provider NTT is massively expanding its presence in India, which it considers to be both geopolitically stable and the world’s fastest growing data center market. The company has eight new data centres under construction in India, which would add to its 14 existing centres in the country. India also offers a large pool of talent and revenue growth opportunity, which will further expand with the advent of AI and GenAI, NTT Global Data Centers chief executive and president Doug Adams said while launching the company’s first data centre in Noida, Uttar Pradesh on Thursday.