President Financial News

Nirmala Sitharaman on Thursday met Brazil's Minister of Economy Fernando Haddad and discussed various issues of mutual interest, including the strengthening of Multilateral Development Banks (MDBs). She also met UK Chancellor of Exchequer Jeremy Hunt and discussed Bilateral Investment Treaty among other issues.

Blinken vowed on a visit Thursday that the United States will «always» back Israel but said the Palestinians also have «legitimate aspirations» not represented by militant group Hamas. «You may be strong enough on your own to defend yourself,» Blinken said during a meeting with Prime Minister Benjamin Netanyahu as war raged between Israel and Hamas. «But as long as America exists, you will never, ever have to.

Sharad Pawar on Thursday said his nephew and rebel NCP faction leader Ajit Pawar will never become the chief minister of Maharashtra. Speaking to reporters, he also said that the Bharatiya Janata Party (BJP) does not rule in 70 percent of states in the country and it would lose power in Maharashtra too.

Syria's state television said Israel launched attacks on the main airports in the capital Damascus and the northern city of Aleppo on Thursday. Local media channel Sham FM said Syrian air defences were launched in response to both attacks.

Taiwan has repeatedly pushed for the conclusion of a Bilateral Investment Agreement (BIA) with the EU, saying it would help encourage more Taiwanese investment, especially from chip companies.

General Liu Zhenli, the head of the military body responsible for China's combat operations and planning, has emerged as the top contender to replace the country's defence minister, who has not been seen in public for more than six weeks, according to five people familiar with the matter. The appointment of Liu to replace Defence Minister Li Shangfu — which one of the people said was likely to happen before Beijing holds an international security forum later this month — could boost military engagement with the United States amid regional tensions, three military analysts told Reuters. Li was sanctioned by the U.S. in 2018 for an arms deal he secured with Russia in an earlier role.

Belgium’s prime minister says his country, which has the biggest interest in the global diamond trade in the European Union, is supporting a ban on Russian diamonds as part of sanctions targeting President Vladimir Putin’s government for its war agains...

Federal Reserve Bank of Boston President Susan Collins said officials are taking a more patient approach to monetary policy now that rates are at or near their peak, though further rate increases are still possible.

A $170 million advisor team has joined Steward Partners Global Advisory to open an office in Sarasota, Florida.

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Is Exxon Mobil CEO Darren Woods seeking protection from President Biden? On Wednesday the oil and gas giant struck a $59.5 billion deal to buy Pioneer Natural Resources. The way to read the deal is as a bet on U.S. shale fracking and hedge against the left’s anti-fossil fuels policies.

Systematic Investment Plans (SIPs) hit a fresh all-time high of Rs.16,042 crore in September 2023. The growth in Net Assets under Management (AUM) was flat, with AUM at Rs.46.58 lakh crore. SIP AUM stood at Rs.8.70 lakh crore, against Rs.8.47 lakh crore in the previous month, according to AMFI’s monthly data.

President Biden on Tuesday showed appropriate outrage at the wanton slaughter by Hamas this weekend, and his pledge of support for Israel is welcome. But there was a crucial word missing from his remarks at the White House: Iran. Tehran is Hamas’s terror master, and its assault on Israel exposes the failure of his Iran strategy.

₹47 trillion in capital expenditure to achieve net-zero carbon emissions, according to a study by the Council on Energy, Environment and Water (CEEW) unveiled on Thursday. These industries will also require ₹1 trillion in additional operational expenditure (OPEX) annually to achieve this net-zero transition, according to the study - a first-of-its-kind cost analysis for decarbonising these notoriously emission-intensive industries.

If you’re shopping for a luxury home, you’re no doubt focused on the location, size and price of the property. But how are you going to pay for that home? And what can you do if you are self-employed or highly leveraged and won’t qualify for, or don’t want, a traditional mortgage? Many buyers simply pay cash for their homes. According to ATTOM, a property-data provider, 33.12% of all sales nationally of single-family homes over $1 million in the second quarter of 2023 were cash deals.

Israel-Hamas war dragged on to the sixth day, many countries, including India, are making arrangements to repatriate their citizens from Israel. In a show of solidarity, US Secretary of State has arrived in Israel.

India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks. Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled. RedSeer, a Bangalore-based consultancy, which monitors over 100 platforms covering 90% of online sales, predicts virtual shoppers will spend a record $11 billion during the month to mid-November — which would be nearly 20% more than last year. Amazon India has made its «best-ever start» to the peak period in the shopping calendar, according to vice president Manish Tiwary, reporting a record 95 million customer visits in the first two days of its 'Great Indian Festival 2023' campaign. Over at Flipkart, sales of electronic products, lifestyle garments and furniture were seven to ten times higher than in the pre-festival period, said vice president Arief Mohamad. Both retailers have hired over 200,000 temporary workers to meet the rush and added over 300,000 new sellers, according to company officials. «I don't have time even for lunch as there are so many packets to be delivered,» said Ajay Singh, a delivery boy at a Flipkart delivery centre in a busy market in New Delhi. Singh says he's working more than 12 hours a day and expects to double his earnings over the next few weeks. CHANGING WAYS Citing a report by market research Neilson, Amazon officials said over 80% of urban consumers were expected to shop online during this festival season, and half of buyers were willing to spend more compared to last year. A shift in consumer behaviour and increased penetration of smartphones has fuelled the rise in online

Also Read: Israel-Hamas War LIVE Updates: Joe Biden issues warning to Iran on Gaza situation, says 'Be Careful' However, when Hamas launched its unexpected attack on Saturday, the Iron Dome system proved ineffective in dealing with the overwhelming rocket onslaught. In a span of just 20 minutes, Hamas launched a staggering 5,000 rockets from the Gaza Strip towards Israel. Also Read: Did Hamas behead citizens and children in Israel? President Biden has this to say The "Iron Dome" constitutes a ground-to-air, short-range air defence system designed to intercept and neutralize incoming missiles, rockets, and Unmanned Aerial Vehicles (UAVs) by destroying them in mid-air.

Hamas, its foreign affairs ministry said Wednesday. Brazilian Foreign Affairs Minister Mauro Vieira has interrupted an Asia trip to travel 'to New York to participate in a meeting of the United Nations Security Council, called by Brazil… to address the situation in the Gaza Strip,' the Ministry said in a statement. Brazil previously called an emergency meeting of the Security Council on Sunday, the day after Hamas launched a surprise attack on Israel. Israeli forces say 1,200 people, most of them civilians, were killed in the onslaught, the worst in the country's history. As Israel pounded Hamas targets in the Gaza Strip, a densely populated enclave of 2.3 million people, in response, the death toll there has also reached 1,200 people, including a high number of civilians, according to Palestinian authorities. More than 3,38,000 people in the enclave have been displaced, according to the United Nations. At Sunday's Security Council meeting, members were divided over policy concerning Israel and the Palestinians. Earlier on Wednesday, Brazilian President Luiz Inacio Lula da Silva called for urgent international action to protect both Palestinian and Israeli civilians, especially children. «Children must never be held hostage, anywhere in the world,» Lula wrote on social media platform X. «Hamas needs to free the Israeli children who were kidnapped from their families.

TOKYO (Reuters) -Toyota Motor and Idemitsu Kosan have formed an alliance to develop and mass-produce all-solid-state batteries for electric vehicles, the companies said on Thursday.