President Financial News

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions. Thai white rice 5% broken — an Asian benchmark — has jumped by $57 over the past two weeks to $640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008. That milestone was reached in early August in the wake of sweeping export curbs from top shipper India. Increased demand for Thai rice from unexpected buyers such as Brazil and the Philippines has contributed to the rise, said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association.

Narendra Modi has highlighted the journey in an op-ed for the Hindustan Times. Here are 10 key takeaways. India's G20 presidency, marked by challenges like the COVID-19 aftermath, climate threats and financial instability, focused on shifting from GDP-centric to human-centric progress.

State Antony Blinken on Thursday said that a temporary truce between Israel and Palestinian militant group Hamas had produced results and that the United States hoped that it continued. Sitting beside Israeli President Isaac Herzog, Blinken said Washington was focused on helping to secure freedom for hostages taken to Gaza during an Oct. 7 attack during which Israel says Hamas killed 1,200 people and kidnapped 240.

Rashtra Samithi (BRS) stopped state Congress president-party candidate Revanth Reddy's brother Kondal Reddy from visiting the polling booth in Kamareddy on grounds that he is not a voter here and is not authorised to visit. Speaking to ANI, a worker of the BRS accused Kondal Reddy and his supporters of indulging in hooliganism. "...Kondal Reddy is roaming around with a fake pass and speaking with the Returning Officer.

Henry Kissinger for his «historic contributions» to China-US ties, describing him as an «old and good friend of the Chinese people». Kissinger «had long been concerned about and supported the development of China-US relations, visiting China more than a hundred times and making historic contributions to promote the normalisation of China-US relations», foreign ministry spokesman Wang Wenbin said. «During his life, Dr. Kissinger attached great importance to China-US relations and believed that they were vital to the peace and prosperity of the two countries and the world,» Wang said. Kissinger, a former US secretary of state whose unapologetic promotion of raw American power helped shape the post-World War II world, died on Wednesday. In China he is granted the sobriquet of «old friend of the Chinese people» for his part in establishing ties in the 1970s and helping bring the country out of its Mao-era isolation. Chinese leader Xi Jinping, who met Kissinger in Beijing in July, has sent a message of condolence to US President Joe Biden over his death, Wang said. Premier Li Qiang and Foreign Minister Wang Yi have also sent messages of condolence, he added. «Both China and the United States should inherit and carry forward Dr.

Henry Kissinger, who died on November 29, at age 100, greatly influenced global affairs under Presidents Richard Nixon and Gerald Ford between 1969 and 1977, garnering both vilification and the Nobel Peace Prize. However, there were many incidents which reflected his hatred towards India. Kissinger was born May 27, 1923, in Fürth, Germany, and fled Nazi Germany with his family in 1938.

Dozens of South Korean and U.S. combat engineers build a pontoon bridge to ferry tanks and armored vehicles across the water, all within easy range of North Korean artillery. For seven decades, the allies have staged annual drills like this recent one to deter aggression from North Korea, whose 1950 surprise invasion of South Korea started a war that has technically yet to end. The alliance with the United States has allowed South Korea to build a powerful democracy, its citizens confident that Washington would protect them if Pyongyang ever acted on its dream of unifying the Korean Peninsula under its own rule. Until now.

Israel and Hamas will continue, both sides said Thursday, moments before the deal was due to expire, though details of any official agreement remained unclear. Minutes before the halt in fighting was due to expire at 0500GMT, Israel's military said the "operational pause" would be extended, without specifying for how long.

A look at the day ahead in European and global markets from Wayne Cole.

Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on U.S. foreign policy, died on Wednesday at age 100, according to his geopolitical consulting firm Kissinger Associates Inc.Kissinger died at his home in Connecticut, Kissinger Associates said.Kissinger had been active past his centenary, attending meetings in the White House, publishing a book on leadership styles, and testifying before a Senate committee about the nuclear threat posed by North Korea.

Nepal officially records its inaugural same-sex marriage five months after it was legalized by the Supreme Court. As reported by PTI, 35-year-old trans-woman Maya Gurung and 27-year-old gay man Surendra Pandey legally married at Dordi Rural Municipality in the Lamjung district of Western Nepal, as confirmed by Sanjib Gurung (Pinky), the president of Blue Diamond Society—an organization dedicated to the rights and well-being of sexual minorities in Nepal.

Day trading guide for today: Despite mixed global market cues, Indian stock market finished higher on Wednesday. Nifty 50 index ended above 20,000 levels for the first time since September 2023 and closed at 20,096 levels. BSE Sensex registered 727 points gain and closed at 66,901 mark whereas Bank Nifty index gained 685 points and finished at 44,566 levels.

Narendra Modi urged the people of Telangana on Thursday to cast their votes in record numbers in the elections to the 119-member state Assembly. Voting began at 7 am at various polling booths across the state.

By Sam Nussey and Miho Uranaka

Investing.com-- Microsoft will take a spot in OpenAI’s board of directors, returning CEO Sam Altman said on Thursday, as the artificial intelligence firm stabilizes after a major upheaval in its leadership earlier in November. 

By Akanksha Khushi, Sayantani Ghosh and Krystal Hu

Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on U.S. foreign policy, died on Wednesday, according to Kissinger Associates Inc. Kissinger died at his home in Connecticut, Kissinger Associates said. Kissinger had been active past his centenary, attending meetings in the White House, publishing a book on leadership styles, and testifying before a Senate committee about the nuclear threat posed by North Korea.

U.S. stocks edged lower on Wednesday as a robust upward GDP revision eased recession fears, while Federal Reserve officials' remarks raised questions about the duration of the central bank's restrictive policy. The Nasdaq joined the S&P 500 in negative territory, while the Dow ended nominally higher, as investors took a wait-and-see position ahead of Thursday's crucial personal consumption expenditure (PCE) inflation report. Despite the indexes' languid movement over the last three sessions, November has been a banner month.

Microsoft will take a non-voting, observer position on OpenAI's board, the ChatGPT owner's newly reinstated CEO Sam Altman said on Wednesday. Microsoft, one of the artificial intelligence startup's main backers, was not immediately available for comment.

OpenAI co-founder Sam Altman has officially returned as CEO of the AI startup after a tumultuous last week or so, which saw the 38-year-old fired and then announced he was being rehired. In addition, Greg Brockman is returning to his position as president of OpenAI, while Mira Murati, who was briefly appointed interim CEO of OpenAI following Altman's ouster, will now return to her role as the company's CTO.

The pilot will address around 20,000 work visa renewals, or almost a tenth of the estimated 583,420 H1-B visa holders. The programme, which was proposed in February and formally announced in September during prime minister Narendra Modi’s US visit, will commence in December.