President Financial News

Protesters marched across Panama against a contract extension for copper mining in a biodiverse region

Kremlin has officially quashed recent online rumors concerning the health of President Vladimir Putin, asserting that he remains hale and hearty. Kremlin spokesperson Dmitry Peskov firmly rebuffed claims of body doubles, branding them as an «absurd hoax.» Speculations surrounding President Putin's well-being emerged following an unverified report from a Russian Telegram channel, which subsequently garnered attention from certain Western media outlets, alleging a serious health incident on a recent Sunday evening. Despite his 71st birthday on October 7th, Vladimir Putin is a judo fanatic and presents himself as a dynamic and vigorous leader.

Saudi Arabia aimed at deal brokering, as a violent conflict between Israel and Hamas that has killed thousands of people unfolds. The annual event is typically used by attendees as an opportunity to build relationships with some of Saudi Arabia's biggest companies and its $778-billion sovereign wealth fund, drawn by the promise of deals as the kingdom embarks on an ambitious reform plan to wean its economy off oil. But an escalation between Islamist group Hamas and Israel into a broader conflict overshadowed the event dubbed «Davos in the Desert», a nod to the annual gathering of world leaders and corporate bosses in the Swiss Alps. Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy, World Bank President Ajay Banga said. «There is so much going on in the world and geopolitics in the wars that you're seeing and what just happened recently in Israel and Gaza. At the end of the day, when you put all this together, I think the impact on economic development is even more serious,» Banga said. Although the globe's top financiers dwelt little on the conflict, speaking about topics such as artificial intelligence, the economic fallout of war combined with record debts as rates rise created a bleak backdrop. «There's no question if these things are not resolved, it probably means more global terrorism, which means more insecurity, which means society is going to be fearful… and… we see contractions in our economies,» BlackRock Chairman and CEO Laurence Fink said. Fink was flanked on a panel at the Future Investment Initiative (FII) conference by bank CEOs including Goldman Sachs' David Solomon, JPMorgan's Jamie Dimon and Citi's Jane Fraser.

Emmanuel Macron proposed on Tuesday that an international coalition fighting against Islamic State in Iraq and Syria be widened to include the fight against the Palestinian militant group Hamas in Gaza. Macron gave no detail on how the U.S.-led coalition of dozens of countries, of which Israel is not a member, could be involved. Speaking alongside Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Macron stressed that France and Israel shared terrorism as their «common enemy». «France is ready for the international coalition against Daesh in which we are taking part for operations in Iraq and Syria to also fight against Hamas,» he told reporters, referring to Islamic State. Macron, who warned against the risks of a regional conflict, also said the fight against Hamas «must be without mercy but not without rules». Israeli Prime Minister Benjamin Netanyahu did not directly comment on Macron's proposal but said the fight was a battle between the «axis of evil» and «the free world». «This battle is not merely our own… it's everybody's battle,» he said. The U.S-led coalition fighting Islamic State was formed in September 2014. What began as a major military operation that helped «deliver the military defeat of Daesh in Iraq and Syria», is now focusing on advising and assisting local partners, including with reconnaissance and intelligence, to ensure the group cannot reclaim lost ground, the coalition says on its website. It operates primarily in Iraq. Thirty French citizens were killed by Hamas militants in their attack on southern Israel on Oct.

By Yew Lun Tian

Omar Abdullah on Tuesday said if the conflict in the Middle East spread beyond Gaza, a large number of Indians working in the region will be affected. «If the conflict drags on, we will definitely get affected. No other country has more nationals working in that region than we have.

By Gayatri Suroyo and Fransiska Nangoy

Foxconn, saying Beijing should «cherish» Taiwanese companies and not put pressure on them during an election. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times.

Kremlin on Tuesday rejected speculation about President Vladimir Putin's health, saying he was fit and well. Kremlin spokesman Dmitry Peskov, in a regular call with reporters, also denied suggestions that the president was using body doubles, calling that an «absurd hoax». Reporters asked Peskov about Putin's health following an unsourced report by a Russian Telegram channel, picked up by some Western media, that the president had suffered a serious health episode on Sunday evening. Putin, a judo enthusiast who has long cultivated an «action man» image, turned 71 on Oct. 7.

₹25 crore over the next five years. The primary focus will be to identify and nurture budding talent and to facilitate the holistic development of players at all levels, the companies said. Rohit Pawar, president of the Maharashtra Cricket Association, said, “The deal will help us provide better facilities such as infrastructure development, welfare schemes, and grassroots development in remote pockets of the state.

Israel’s war with Hamas may become a wider Middle East conflagration are flashing ominously. America has sent a second carrier strike group led by the USS Eisenhower to the Persian Gulf. “There’s a likelihood of escalation," said Antony Blinken, the American secretary of state, on October 22nd.

While the world’s eyes were fixed on the unfolding horrors of the latest Middle East war, China was busy pushing the envelope in the South China Sea. On Sunday, a Chinese coast guard vessel and another Chinese ship rammed a Philippine supply boat and coast guard ship in international waters claimed by China around the Spratly Islands. The State Department gravely noted that the Chinese actions “violated international law," but China appears unimpressed.

basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to $950 per metric ton from $1,200 a metric ton, said the sources, who did not wish to be named because the decision has not been made public. India imposed a $1,200 per ton MEP on basmati rice shipments in August to keep a lid on local prices ahead of key state elections.

Lav Kush Ramlila, Red Fort ground, Delhi today, October 24. The Bollywood star made an announcement on her official Instagram handle.

Narendra Modi on Tuesday extended Dussehra or Vijayadashami wishes to people across the country, saying that this holy festival brings the message of ending negative forces. In a post on X (formerly Twitter), PM Modi wrote, “Best wishes to my family members across the country on Vijayadashami. This holy festival brings the message of ending negative forces as well as adopting goodness in life.

Trump compared himself to anti-apartheid activist Nelson Mandela on Monday as he cast himself as the victim of federal and state prosecutors he alleges are targeting him and his businesses for political reasons. Returning to New Hampshire to register for its presidential primary, Trump held a rally where he railed against President Joe Biden's response to the Hamas attack on Israel and vowed to build an Iron Dome-style missile defense shield over the U.S.

SP leader urged them to let him take the window seat. "I will not be able to sit in the middle," Khan was heard telling police citing back-related problems. The personnel obliged.

The Railway Board has announced that it has revised the dearness allowance for its employees from 42 percent to 46 percent of the basic pay effective from July 1, 2023.

UN General Assembly will meet Thursday to discuss the conflict triggered by the attack by Hamas militants on Israel, the body's president announced in a letter to member states. The Security Council has so far failed to agree on a resolution concerning the war, but a number of states — including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Cambodia — formally requested General Assembly President Dennis Francis to schedule the meeting. Last week, the UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution calling for a «humanitarian pause.» Only five of the 15 member states had supported the text, which condemned all violence against civilians and all terrorist acts, but did not name Hamas, an unacceptable omission to the United States, the United Kingdom and France. Washington then vetoed a second resolution put forward by Brazil as the text did not mention Israel's right to defend itself. Twelve out of 15 Council members voted in favor of that resolution, which also condemned the «heinous terrorist attacks by Hamas,» while Russia and the United Kingdom abstained. The United States was the only vote against, but as one of the body's five permanent members its vote counts as a veto. The Security Council will meet to discuss the issue Tuesday ahead of the General Assembly's gathering Thursday at 10:00 am (1400 GMT).

penny stocks plunged on Monday, bearing the biggest brunt of investors' increased risk aversion triggered by concerns over the surge in US bond yields and geopolitical uncertainties. The Nifty Midcap 150 dropped 2.7% and Small Cap 250 declined 3.8%, their biggest single day fall since September 12. Nifty's Microcap 250 index tumbled 5.11%. Analysts said shares of smaller companies were overbought after the recent scorching rally that had resulted in their valuations turning pricey. «We are seeing a mean reversion phenomenon in the markets where the mid- and small-cap indices both peaked in October and are now experiencing a correction at a rate faster than the Nifty» said Deepak Jasani, head of retail research at HDFC Securities.

Israel's military said it was preparing for «unrelenting attacks» to dismantle Hamas while former U.S. President Barack Obama warned that «any Israeli military strategy that ignores the human costs could ultimately backfire.» The Palestinian health ministry said the Gaza death toll in two weeks of air strikes had topped 5,000. Israel pounded hundreds of targets in Gaza from the air on Monday as its soldiers fought Hamas militants during raids into the besieged Palestinian strip where civilians are trapped in harrowing conditions.