President Financial News

Egypt's President Abdel Fattah al-Sisi on Saturday urged all to respect Egypt's sovereignty and position in the region following incidents on Friday where drones fell on two Egyptian Red Sea towns. Egyptians should feel safe and the army is able to protect the country, Sisi said at a manufacturing expo in Cairo.

Kazakhstan has started the process of acquiring ArcelorMittal SA's local business after dozens died in a fire at the company's mine on Saturday. Kazakhstan President Kassym-Jomart Tokayev ordered the government to stop investment cooperation with ArcelorMittal Temirtau after the accident at the Kostenko mine near the city of Karaganda, Interfax reported. The government said on Saturday that it has reached a preliminary agreement with the shareholders of ArcelorMittal Temirtau and is preparing the transaction to transfer ownership of the enterprise in favor of the Republic of Kazakhstan.

South Park, the hit television series, came in the news for yet another controversy as multiple clips from a special television episode went viral on the internet on Friday. The videos went viral for taunting Disney’s support of liberal politics in the US, a move which has often resulted in the company receiving criticism. The clips took aim at Disney’s CEO Bob Iger and the president of Lucasfilm, Kathleen Kennedy. As per reports, the episode displayed its character Eric Cartman who endures a bad dream about his friends getting replaced by a diverse group of women who were being vocal about the patriarchal system. The clips went viral on X (formerly known as Twitter) and showed Cartman conversing with a psychiatrist about his nightmare stating that he wanted to scream and say why every character was getting replaced by “someone who is diverse.” Then the episode showed the character Kenny saying that it was not their fault, but Kathleen Kennedy’s. The clips also showcased Cartman dreaming about Iger and expressing the same to the psychiatrist saying that the stocks of Disney are “going down and down and down” and Iger asking him about what was happening to his stocks. This isn’t the first time that South Park has shown controversial content on the show. Here are 4 episodes which have gained massive controversy.

Home Minister Amit Shah would lead the BJP’s poll campaign. BJP's Mizoram state President Vanlalhmuaka said that Shah is likely to address an election rally in Mamit district, where the Prime Minister is scheduled to address an election rally on October 30. However, Shah’s campaign schedule is yet to be finalized, he said. Commenting on the cancellation of Prime Minister’s visit to Mizoram, Congress General Secretary Jairam Ramesh said that Modi cancelled his Mizoram election rally due to his silence over Manipur crisis.

Malta on Saturday, with the participation of more than 65 countries — but not Russia, Maltese and Ukrainian officials said. The two-day meeting of national security delegates is the third round of such talks in recent months.

According to Datasembly, a retail price tracking company, the prices of candy and gum have surged by an average of 13% this month compared to last October, which is more than double the 6% increase in all grocery prices. This increase comes on top of a 14% jump in candy and gum prices in October 2022. Weather Impact The driving force behind these higher prices is adverse weather conditions.

Some observers on social media quickly dismissed it as an «AI-generated fake» — created using artificial intelligence tools that can produce photorealistic images with a few clicks.

Arvind Kejriwal, former Maharashtra CM Uddhav Thackeray and Bihar CM Nitish Kumar attacking the Centre, saying “mandir wahin banayenge lekin tareekh nahi batayenge [will construct the temple there but won’t disclose the date]". The video transitions to a news reporter announcing, ‘the inauguration of the Ram temple in Ayodhya is scheduled for January 22, 2024’. PM Narendra Modi will attend the inauguration of the Ram Mandir.

Congress' Mandya MLA Ravikumar Gowda's (Ravi Ganiga) claim that Deputy Chief Minister D K Shivakumar will become the chief minister after two-and-half years of the government's tenure, has caused a flutter within the ruling party circles, with some ministers asserting that incumbent Siddaramaiah will complete full term, and a few others saying it is for the high command to decide. Also, a dinner meeting at Home Minister G Parameshwara's residence on Friday night, attended by Siddaramaiah, Social Welfare Minister H C Mahadevappa and PWD Minister Satih Jarakiholi has fuelled speculation in political quarters, as Shivakumar was not part of it.

Narendra Modi has cancelled his planned campaign trip to Mamit in poll-bound Mizoram on October 30, a senior BJP leader said here on Saturday. Union Home Minister Amit Shah will fill in for Modi, but his date of campaigning is yet to be decided, state BJP media convener Johny Lalthanpuia told PTI.

Madhya Pradesh polls, Congress has equated its state president Kamal Nath and senior leader Digvijaya Singh with Amitabh Bachchan and Dharmendra who played the roles of 'Jai' and 'Veeru' respectively in the iconic film 'Sholay'. The comparison by Congress general secretary Randeep Surjewala prompted rival BJP to call the duo "jail escapees" and deceitful. Surjewala said when some journalist asked about the bond Nath and Singh share, he drew an analogy from Sholay.

«defaulter kaal» jibe at the government, saying it is fascinating that the very architects of India's NPA crisis have the audacity to question the resolution of a disaster they engineered. Congress president Mallikarjun Kharge had earlier taken a swipe at Prime Minister Narendra Modi over the reported rise in dues from wilful defaulters, alleging that his government is taking India's economy to «defaulter kaal».

Piyush Goyal on Saturday urged the countries participating in the G7 trade ministers meeting to enhance collaboration on a regulatory framework to facilitate cross border trade. The Group of Seven (G7) trade ministers meeting was held in Osaka, Japan. Under its G7 presidency this year, Japan has invited India, along with a few other invitee countries (Australia, Chile, Indonesia, and Kenya) to participate in the outreach programme held on October 28.

Telangana Assembly Election 2023: Bharat Rashtra Samithi (BRS) working president KT Rama Rao on Saturday slammed the Bhartiya Janta Party (BJP) and sought the ‘disbanding’ of Congress in a scathing attack on Opposition parties ahead of the Assembly election in Telangana. KT Rama Rao said that Congress was “the real white elephant" who should have been disbanded after India got Independence in 1947 from the British colonial rule.

PTI reported. Earlier, Congress MP from Wayanad Rahul Gandhi while campaigning in Telangana for the upcoming assembly polls to be held on 30 November, promised to conduct a caste census if Congress is voted to power. “As time passes, our expectations from the political leaders keep decreasing.

The ten-year US yields, which made a fresh 16-year high of 5.02%, shrugged off strong US data released in the week on expectations that the US Federal Reserve will keep the interest rates unchanged at its FOMC monetary policy meeting due next week. A decent auction of seven-year US bonds also helped the yields to grind lower.

Sebi has slapped fines totalling Rs 33 crore on 13 individuals, including senior officials of Sharepro Services (I) Pvt Ltd for flouting regulatory norms. The regulator levied fines in the range of Rs 1 lakh to Rs 15 crore on 13 individuals, including Rs 15.08 crore on Indira Karkera (Vice President and client manager for a number of client companies of Sharepro), and Rs 5.16 crore on Govind Raj Rao (Managing Director of Sharepro).

movie has just been released in theatres (last week in the US and this Friday in India) and before you know it you will all be watching this jaw-dropping masterpiece that brings back the Scorsese magic. The complete title of the book is ‘Killers of the Flower Moon: The Osage Murders And the Birth Of The FBI’. The romance of the phrase Flower Moon coupled with words like ‘Murders’ as well as ‘FBI’ meant I had to click on the bookselling app online and buy the book.

Strolling between rows of books and a seemingly endless array of other wares at Indigo Books and Music Inc.’s newest store in Toronto’s The Well building on Thursday, Heather Reisman is in her element.

International Finance Corporation is looking to develop a guarantee facility for private investors to boost finance for greener construction in emerging markets, as growing populations, urbanization and industrialization are set to spur pollution far beyond safe limits. IFC, the world’s largest global development institution focused on the private sector in low-income countries, is working with its counterparts in the World Bank Group to “create a one-stop shop for guarantees offered to private investors,” Susan Lund, vice president for economics and private sector development, told Bloomberg in an interview. We have “really high aspirations to scale that up dramatically for climate finance and in particular for green buildings and decarbonizing the construction sector,” she said. Lund’s comments follow a recent speech given by World Bank President Ajay Banga who said the bank is working to better unify guarantee insurance across the institutions. The IFC typically provides commercial financing priced at market rates.

Rajasthan assembly elections just a few days away, the Hanuman Beniwal led Rashtriya Loktantrik Party (RLP) on Saturday released its first list of 10 candidates. The current MP and party supremo, Hanuman Beniwal, will contest from the Khinvsar assembly constituency. Hanuman Beniwal, a former BJP leader, is an MP from the Nagaur constituency. After being suspended from the BJP in 2013, he fought as an independent MLA in the state assembly polls defeating his rival from the BJP.