President Financial News

The White House says that President Joe Biden has renominated Julie Su to serve as labor secretary, whose confirmation languished in the Senate for more than 10 months

More than 60 heads of state and government and hundreds of business leaders will discuss the biggest global challenges during the World Economic Forum’s annual gathering in Switzerland next week

Narendra Modi held a 3 km-long roadshow from Sardar Vallabhbhai Patel Airport to Gandhinagar, along with UAE president Mohamed bin Zayed Al Nahyan, on Tuesday. Nahyan is in Ahmedabad to attend the tenth edition of Vibrant Gujarat Global Business Summit, which will start on Wednesday.

El Salvador’s Bitcoin (BTC) portfolio of 2,798 tokens has yielded an unrealized profit of $12.6 million, and there are no plans to sell.

By Michael S. Derby

Hindustan Aeronautics Ltd (HAL) will be shared with the state-run company early this year, GE Aerospace Defence & Systems President Amy Gowder told ET. In an exclusive interview, the top executive said the scope of the technology transfer to HAL will be higher than what GE has done with other partners and that options to export engines and components from India are firmly on the table. She added that GE is keen to participate in the development of next generation engines for India's Advanced Multirole Combat Aircraft (AMCA) and has a technological advantage over competitors. Speaking on the landmark pact to manufacture GE Aviation's F414 INS6 engines in India with HAL as the lead partner that was announced during Modi's visit to the US, Gowder said a detailed technology transfer process is underway. «Early this year, we will have a proposal to them and that kicks off formalising the agreement with HAL and the government.

Narendra Modi and visiting United Arab Emirates (UAE) President Mohammed bin Zayed Al Nahyan held a roadshow in Ahmedabad on Tuesday evening ahead of the Vibrant Gujarat Global Summit scheduled to be inaugurated in Gandhinagar on Wednesday Before the roadshow, Prime Minister Narendra Modi -- who is on a visit to his home state to participate in the Vibrant Gujarat Summit--welcomed the UAE president at the Sardar Vallabhbhai Patel International Airport. Besides, PM Modi, Gujarat Chief Minister Bhupendra Patel, External Affairs Minister S Jaishankar, National Security Advisor Ajit Doval, Foreign Secretary Vinay Mohan Kwatra and some other senior officials of the state were present at the airport to welcome the UAE president. The UAE President was accorded a ceremonial guard of honour upon his arrival.

Moody's Investors Service on Tuesday said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3. The rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said.

Microsoft has worked with a U.S. national laboratory to use artificial intelligence to rapidly identify a material that could mean producing batteries that require 70% less lithium than now, the company said on Tuesday. The replacement of much of the lithium with sodium, a common element found in table salt, still needs extensive evaluation by scientists at Pacific Northwest National Laboratory (PNNL) in Richland, Washington to determine whether it will be suitable for mass production.

Vedanta Resources Ltd (VRL), the London-based parent of Vedanta Ltd, as the company goes ahead with its bond restructuring exercise that will delay its immediate debt obligations. The company’s corporate family rating (CFR) was downgraded to Caa3 from Caa2. Moody’s also downgraded the rating of the company’s bonds to Ca from Caa3.

Republic Day Parade on Wednesday i.e. January 10, traffic in several areas of the national capital will remain affected. Delhi Traffic Police has issued an advisory regarding the arrangement and restrictions in order to ensure the smooth conduct of the rehearsal.

255 seats of the total 543 seats for the upcoming Lok Sabha elections. Here's a look at how seat-sharing talks are going on in different and what different political parties are demanding: The Aam Aadmi Party (AAP) is in power in Delhi. The national capital has seven Lok Sabha seats.

Gabriel Attal on Tuesday was appointed as France's youngest-ever and first openly gay Prime Minister by President Emmanuel Macron. Attal rose to prominence as the government spokesman and education minister. During his tenure, he enacted a controversial ban on the wearing of the Abaya in French public schools and has worked on raising awareness of bullying in schools.

BCCI) on Tuesday announced Campa and Atomberg Technologies as the official partners for the BCCI Domestic and International Season 2024-2026. Campa, a brand under the Reliance Consumer Products umbrella, will leverage this association to announce an exciting range of products and provide fans with a new-age experience at the stadiums.

Narendra Modi received him at the airport and the two will hold a roadshow. Gujarat Chief Minister Bhupendrabhai Patel, External Affairs Minister S Jaishankar, National Security Advisor Ajit Doval, Foreign Secretary Vinay Mohan Kwatra and other officials were present at the airport to welcome the UAE President. The UAE President was accorded a ceremonial guard of honour upon his arrival.

Gabriel Attal as the new prime minister of the country. The 34-year-old Attal is not only the youngest prime minister of the country but is also the first-ever openly gay PM of France. Also Read: India invites French President Emmanuel Macron as Chief Guest for Republic Day 2024 celebrations He is known to be a rising star of French politics as he takes on the role after a bruising year for Macron who saw opposition in the country over pensions and immigration schemes.

ALSO READ: Vibrant Gujarat Global Summit 2024 to be inaugurated by PM Modi: 10 key highlights UAE President Sheikh Mohamed bin Zayed Al Nahyan is among the special guests who will attend the Summit. He is in Ahmedabad and will attend the Summit. Among the global leaders to attend the Summit include Australian High Commissioner Philip Green, Malta High Commissioner Reuben Gauci, Ambassador of Netherlands to India Marisa Gerards, President of Timor-Leste José Ramos-Horta, Ambassador of Japan to India Hiroshi Suzuki, Thai envoy to India Pattarat Hongtong, and others.

By Daniel Wiessner

By Andrew Goudsward and John Kruzel

World Economic Forum (WEF). In an online pre-meeting press conference, WEF President Borge Brende said the meeting will take place in a very complicated and the most challenging geopolitical and geo-economic scenario.

UAE president Sheikh Mohamed bin Zayed Al Nahyan embarked on a roadshow in Ahmedabad this evening. Before their roadshow, Modi welcomed the United Arab Emirates president on the latter's arrival at the Sardar Vallabhbhai Patel International Airport here.