President Financial News

By James Oliphant and Tim Reid

By Gram Slattery

By Julia Symmes Cobb

«I have decided to depart the House at the end of this year to serve America in new ways. I know my work is only getting started,» McCarthy said in an op-ed on the Wall Street Journal. While McCarthy did not specify what his next steps could be, he promised to stay active in Republican politics.

Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra will attend the swearing-in ceremony of Revanth Reddy on Thursday, India Today reported citing sources. Revanth Reddy, 56, will take oath as Telangana Chief Minister at 1.04 pm at LB Stadium in Hyderabad on Thursday, the PTI reported. Earlier on Tuesday, Congress General Secretary KC Venugopal had announced that Revanth Reddy will be the new Congress Legislature Party chief in Telangana.

Also Read: Putin to visit Saudi, UAE on December 6 after OPEC+ cuts, host Iran President: What's on agenda? Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a December 18 expiry, was last trading lower by 4.75 per cent at ₹5,791 per bbl, having swung between ₹5,784 and ₹6,068 per bbl during the session so far, against a previous close of ₹6,080 per barrel. -Crude inventories fell by 4.6 million barrels, far exceeding the 1.4 million-barrel drop analysts had expected. There is demand destruction coming in from the fuel side.

Private investments will likely gather momentum and get more broad-based in the second half of the year, providing support for the economy to grow 6.8% in FY24, Confederation of Indian Industry president R Dinesh told ET. «We actually found a significant majority of our members, which we surveyed, saying that their investments in H2 are going to be higher than H1. Investments are also more broad-based this time,» Dinesh said, adding that even capacity utilisation is between 75% and 95% for most sectors. He pointed out that investments were also picking up in service sectors such as real estate and hotels, as well as infrastructure-related industries.

By Philip Blenkinsop

By Sakura Murakami, John Geddie and Steve Holland

By Patricia Zengerle

By David Shepardson

By Shivansh Tiwary

WASHINGTON (Reuters) — U.S. President Joe Biden will announce $175 million in additional Ukraine aid during remarks at 12 p.m. ET (1700 GMT) on Wednesday, a U.S. official said, while urging Congress to pass his national security funding request.

Dallas philanthropist Lyda Hill has devoted much of her giving to tackling social problems through science

Egyptian authorities say a cargo ship broke down in the Suez Canal and crashes into a bridge over the crucial waterway

Taylor Swift said that it was the proudest and happiest news and after receiving this appreciation she is thrilled to work harder. The Shake It Off singer defeated a number of competitors to win, including Barbie, the King, and the prosecutors for former US President Donald Trump. For Swift, it caps off an incredible year in which she won numerous other end-of-year accolades. Forbes ranked her the world's most influential woman in media and entertainment, while People Magazine named her the most intriguing person of 2023. With over 26 billion plays on her songs, the 12-time Grammy winner has also surpassed all other artists as the most streamed artist globally on Spotify. Her Eras Tour is expected to bring in over $1 billion, and the movie adaptation became the highest-grossing concert film ever. In addition, she reissued updated versions of her third and fifth albums, 1989 and Speak Now, which were the result of a dispute between Swift and music entrepreneur Scooter Braun on who owned the master recordings. Volodymyr Zelenskyy, Greta Thunberg, Elon Musk, Joe Biden, and Kamala Harris are among the previous Time Person of the Year winners.

By Aziz El Yaakoubi and Vladimir Soldatkin

By Steve Scherer and David Ljunggren

Rahul Gandhi's ordinance-tearing act in 2013 and said he has all the "arrogance" of his Gandhi-Nehru lineage without their political acumen and that this episode was the "final nail in the coffin" for the Congress in the Lok Sabha polls the subsequent year, a book on the late president says. "In Pranab, My Father: A Daughter Remembers", Sharmistha Mukherjee says that her father also told her that "maybe politics wasn't Rahul's calling" and his "lack of charisma and political understanding is creating a problem" besides his "frequent disappearing acts". In another related incident Sharmistha Mukherjee says,"In the morning one day Rahul Gandhi came to meet him(Pranab Mukherjee)...as it turned out that Rahul was actually supposed to meet him in the evening...when I mentioned it to my father he sarcastically commented that, if Rahul's office doesn't differentiate between the am and pm, how do they hope to run the PMO one day".

OpenAI co-founder Sam Altman, had a rather tumultuous November 2023, with the company's board of directors voting him out, Microsoft offering him a job, and only five days later to be inducted back into OpenAI. However, December started on a different note for the man who, according to AirBnB CEO Brian Chesky ‘responsibly brought AGI to the world’. Sam Altman was named CEO of the Year 2023 by TIME magazine.

Sukhdev Singh Gogamedi, whose murder has sparked widespread protests in Rajasthan, was under threat from the Lawrence Bishnoi gang, suggest intelligence inputs. Punjab police had shared inputs with their Rajasthan counterparts months ago regarding the threat to Gogamedi’s life, news agency PTI reported citing official sources. In February this year, in an official communiqué, the Punjab DGP office informed their Rajasthan counterparts that gangster Sampat Nehra of Lawrence Bishnoi gang has plans to kill the Rashtriya Rajput Karni Sena chief.