President Financial News
10.12 / 05:31
Cooper
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exclusive
South Korea plans to 'significantly boost' semiconductor cooperation: president Yoon Suk Yeol
South Korea's President Yoon Suk Yeol told AFP that Seoul plans to ramp up semiconductor cooperation with Western countries, as the key industry is buffeted by geopolitical turbulence from US-China competition. South Korea plans «to significantly boost semiconductor cooperation with such major countries as the Netherlands, the United States and Japan going forward», Yoon told AFP in an exclusive written interview ahead of his state visit to the Netherlands Monday.
10.12 / 05:31
economy
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Flushing
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Charting the global economy: Panama Canal is being squeezed shut by drought
Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favoured by the Fed as it will help rein in demand and tame price pressures. Officials are still expected to leave rates unchanged when they meet next week. Elsewhere, Japan’s economy contracted in the third quarter by more than initially reported, while Brazil’s barely expanded in the period.
10.12 / 02:23
Manufacturing
Highways
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SUV launches jam sales highway as sedans and hatchbacks take a backseat
Indian carmakers have rolled out more sports utility vehicles than all other types of passenger vehicles combined in the last two years and the trend is likely to continue with many new SUVs proving instant hits. The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for the first time. In the overall passenger vehicle segment, though, there have been fewer launches in 2023 than in the pre-pandemic 2019 with hatchbacks and sedans taking a hit, data collated by automotive market research firm Jato Dynamics shows. Only 47 new sedan models hit the road this year (till October end) against 62 in 2019 while the number of hatchback launches more than halved to 21 from 48. The increased focus on SUVs reflects a major shift in the Indian passenger car market in the last few years.
10.12 / 01:43
Citi
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Southern
Death
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Israel presses on with its Gaza offensive after US veto derails Security Council efforts to halt war
Israel's military pushed ahead with its punishing air and ground offensive in Gaza on Saturday, bolstered by a U.S. veto derailing U.N. Security Council efforts to end the war and word that an emergency sale of $106 million worth of tank ammunition had been approved by Washington. Unable to leave Gaza, a territory 25 miles (40 kilometers) long by about 7 miles (11 kilometers) wide, more than 2 million Palestinians faced more bombardment Saturday, even in areas that Israel had described as safe zones.
10.12 / 01:43
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Citizens
Extreme
Aware
President
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prevention
Egyptians head to polls in election overshadowed by Gaza war
presidential election in which Abdel Fattah al-Sisi is poised to win a third term in power as the country grapples with an economic crisis and a war on its border with Gaza. Victory would hand Sisi a six-year term in which immediate priorities would be taming near-record inflation, managing a chronic foreign currency shortage and preventing spillover from the conflict between Israel and Gaza's Hamas rulers.
10.12 / 01:43
Provident
Booking
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Latin
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travelers
Tour companies request PMO to campaign for Brand India
The domestic travel and tourism industry is now urging the Prime Minister's Office to prioritise initiatives that attract foreign tourists and boost overseas marketing and promotional campaigns. The Indian Association of Tour Operators (IATO) said on Friday it has written to Prime Minister Narendra Modi seeking his intervention for the revival of the inbound tourism industry. «The letter has drawn the attention of the prime minister to the recently made statement in Parliament by Union tourism minister G Kishan Reddy that only 85.9 lakh foreign tourist visitors visited the country in 2022 as compared to 3.14 crore in 2019,» said IATO president Rajiv Mehra. «It mentions multiple reasons for the decline in numbers such as withdrawal of incentives to the inbound tour operators on their foreign exchange earnings which were being used for overseas marketing and promotions; lack of trained tourism manpower in Indian embassies who are not able to do regular follow-ups with the foreign tour operators,» said Mehra. «Advance planning of at least one year is required and dedicated budgetary funds should be provided to the ministry of tourism for aggressive overseas promotions.
10.12 / 01:09
IPO
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Experts
country
reports
testing
week
inflation data
Week Ahead: Inflation data, US Fed policy, FII mood among key market triggers as Nifty 50 tests 21,500 this week
RBI). Frontline indices gained for sixth straight week as the NSE Nifty 50 and S&P BSE Sensex indexes rose about 3.5 per cent to log their best week since July 2022. Nifty 50 tested a new milestone at its lifetime high and Sensex also reached closer to the 70,000 level.
10.12 / 01:01
Digital
Waters
Strategy
Align
President
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track
Green Shoots: Sustainability now part of corporate agenda for Indian tech companies
sustainability metrics of the building — carbon dioxide reduction, water conservation, alternative energy usage, etc. On the day ET visited the campus where 8,000 employees work, the display board said that the smart lighting had saved 2,750 MWh till date (since the building became operational in 2019) – ‘enough to run 573K computers for 10 days’. Further, 131 mega litres of water had been recycled, which is ‘enough water for 188K homes per day’, it said. Intel is not alone. Several tech companies with a presence in India are getting increasingly conscious, of not just their top line and bottom lines, but also the green line — their environmental impact.
10.12 / 01:01
09.12 / 19:15
Aviat
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DGCA plans to come out with framework on gender issues early next year
Directorate General of Civil Aviation (DGCA) plans to come out with a framework early next year on what could be done to address gender issues, a top official said on Saturday. Speaking at an event here, DGCA chief Vikram Dev Dutt said the issue of gender has been debated at the regulator informally.
09.12 / 19:15
Cooper
economy
President
country
blues
information
China moots to launch climate information and early warning system in its 2nd Indian Ocean Forum
Indian Ocean region, the backyard of India, had held the second meeting of CIORF, under the aegis of the China International Development Cooperation Agency (CIDCA), an organisation that is part of the ruling Communist Party of China (CPC) Leadership Group on December 7 and 8 at Kunming in southern China. CIDCA is headed by Luo Zhaohui, former Vice Foreign Minister and Ambassador to India.
09.12 / 17:07
FIVE
Racing
President
social
information
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Vasundhara Raje, Balaknath or a new face? Rajasthan sees 'resort politics', key meetings as BJP mulls CM pick
Yogi Balaknath — met party leadership over the week. While "resort" politics — allegedly led by Raje's son Dushyant Singh — unfolded, Balaknath said in a recent tweet that he is "yet to gain experience under the guidance of the Prime Minister". ALSO READ: Who is the chief minister? Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram: What we know so far With his name doing the rounds for the post of the next chief minister of Rajasthan, Baba Balaknath wrote on X on Saturday, “...Ignore the discussions going on in the media and social media after the election results are out.
09.12 / 15:11
Waters
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cover
Department
Cash seizure in tax raids shows how Congress has kept tradition of corruption alive: BJP
Congress MP Dhiraj Prasad Sahu in Income Tax department raids shows how the grand old party has kept the tradition of corruption alive generation after generation, the BJP said on Saturday. A huge pile of cash has been recovered so far in the searches conducted by the Income Tax department against Odisha-based Boudh Distillery Private Limited and entities linked to it.
09.12 / 15:11
Assurant
President
SOLIDARITY
Manipur CM congratulate new Mizoram CM Lalduhoma
Manipur chief minister N Biren Singh while congratulating new Mizoram chief minister Lalduhoma wished his leadership would contribute to securing the future of Northeast. Singh and former Mizoram chief minister Zoramthanga had a bitter relationship after large-scale violence broke out on May 3 and a large number of people from Manipur hills took shelter in Mizoram.
09.12 / 14:39
Extreme
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Fighting
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Israel to seek US military backing? Biden govt fears ‘broader conflict’ with Iran, Lebanon-based Hezbollah amid Gaza war
Benjamin Netanyahu's Israel and Hamas fighters from Palestine's Gaza, has entered the third month. Israel's attack on Gaza resumed after a brief pause. Now, US authorities have flagged that the Israel-Gaza's armed conflict will trigger a bigger conflict, including Lebanon and expanding throughout the Middle East.
09.12 / 14:39
Reuters
Exodus
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gatherings
Azerbaijan wins regional backing to host COP29 climate summit
during the COP28 summit in Dubai, unblocking a geopolitical deadlock over the next global gathering to address climate change. Two sources familiar with the discussions told Reuters countries in the regional group formally backed Azerbaijan's bid in a meeting on Saturday afternoon. ALSO READ: COP28: OPEC's 'leaked letter' leaves France, Spain 'stunned' and 'disgusted' | Here's why "We're very grateful to all countries in particular to the Eastern European group and the [COP28 summit] host United Arab Emirates for their support," the country's ecology minister Mukhtar Babayev told the COP28 summit.
09.12 / 13:29
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Fighting
economy
Occidental
President
country
stake
Future of Fossil Fuels at Stake in Homestretch of Climate Talks
DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas. Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels.
09.12 / 13:29
BLOCK
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Inside
prevention
dutch
UK PM Rishi Sunak, Dutch premiere gets locked out of 10 Downing Street home | Watch Video
UK PM Rishi Sunak welcome Mark Rutte, the outgoing leader of the Netherlands to Downing Street. They shook hands and were talking when PM Rishi Sunak was seen slightly pushing the entrance door to 10, Downing Street. Rishi Sunak and Mark Rutte after the failed attempt to enter the building seemed visibly confused.
09.12 / 13:29
Aviat
awards
Uncharted
President
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Aviation regulator wants more women officers in sector
NEW DELHI : India’s civil aviation regulator is formulating a framework to encourage more women to join the aviation sector. Although the domestic sector boasts among the highest number of women pilots globally, the gender disparity is still alarmingly stark. Director General of Civil Aviation Vikram Dev Dutt is working on a plan to address gender disparities and foster inclusivity in the aviation sector, as well as challenges faced by women staffers.
09.12 / 13:15
Cooper
Southern
President
PM Modi to visit Kerala in January; will attend NDA event
Kerala and address a programme of the BJP-NDA in January, BJP state chief K Surendran said here on Saturday. Besides Modi, Home Minister Amit Shah, party national president J P Nadda and other senior leaders would also take part in various campaign programmes of the NDA in the southern state in the coming months ahead of the upcoming Lok Sabha polls, he said.
09.12 / 13:15
President
country
reports
Sabhi ko Ram, Ram, tweets Shivraj two days ahead of BJP MLAs' meeting
MLAs, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Saturday posted the message «Sabhi ko Ram Ram ('Ram Ram' to all)» on X. The post, accompanied by Chouhan's picture with his palms brought together, sparked off speculation as «Ram Ram» is used both as a greeting as well as a parting message. But the state BJP chief V D Sharma maintained that the MLAs and the top leadership will decide who becomes the next chief minister of the state following the BJP's landslide victory in the last month's assembly elections.
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