President Financial News

Bharatiya Janata Party leader Mukesh Goyal broke down after being denied a ticket from the Kotputli constituency for the upcoming assembly elections in Rajasthan. Goyal had previously contested in the 2018 Rajasthan assembly elections but was defeated by Congress' Rajendra Singh Yadav by a margin of more than 13,000 votes.

Finnish police say they have launched a criminal investigation into possible sabotage of an undersea gas pipeline between Finland and Estonia that was shut down over the weekend following a leak

President Joe Biden said Wednesday observing that the terrorist attack by Hamas has brought back painful memories of a millennia of antisemitism and genocide against the Jewish people. Biden termed Saturday's attack the «deadliest day» for Jews since the Holocaust. «We continue to monitor the situation in Israel very closely, and the vice president and I and the bulk of my security team spoke with the Prime Minister, Netanyahu, again this morning,» Biden said.

WASHINGTON, — Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, will publish a memoir on his 2022 stabbing in New York, book publisher Penguin Random House said on Wednesday. Rushdie's new memoir, 'Knife: Meditations After an Attempted Murder', will be published on April 16, 2024. «This was a necessary book for me to write: a way to take charge of what happened, and to answer violence with art,» Rushdie, whose public appearances have been limited since last year's attack, said in a statement released by the publisher. Rushdie, 76, was awarded the 'Freedom to Publish' award by the British Book Awards in May. An attack onstage in Aug. 2022, during a lecture in New York state left the British author blind in one eye and affected the use of one of his hands.

Israel, US President Joe Biden on Wednesday addressed Jewish community leaders at a roundtable in the White House and called the attacks by Hamas a «campaign of pure cruelty». «I never really thought that I would see and have confirmed pictures of terrorists beheading children,» Biden said in broader remarks about his administration's support for Israel amid its war with Hamas and efforts to free American hostages. During the event at the White House, featuring a group of around two dozen rabbis and leaders of Jewish organisations, Biden also warned Iran to «be careful». «We moved the US carrier fleet to the eastern Mediterranean and we are sending more fighter jets to that region, and made it clear to the Iranians: Be careful,» he said, adding, «When terrorist groups like Hamas, brought not only a sheer evil, sheer evil to the world, evil that echoes the worst matches in some cases exceeds the worst atrocities of ISIS.» Earlier on Wednesday, the US president spoke to Israeli Prime Minister Benjamin Netanyhu, marking the fourth known call between the two.

Sitharaman held discussions with US Treasury Secretary Janet Yellen on the policy priorities of the International Monetary Fund and how the institution should support its membership. The two met on the sidelines of the ongoing IMF-World Bank Annual meetings in Marrakech, Morocco, the Union Ministry of Finance informed. In her intervention, Sitharaman spoke about IMF's mandate and lending policies, a strong, quota-based, and adequately resourced IMF, Poverty Reduction and Growth Trust (PRGT) Financing and IMF Governance reforms. In her address, she also highlighted the role of IMF in addressing debt restructuring process bottlenecks and fostering cooperation on debt issues, including through co-chairing the Global Sovereign Debt Roundtable (GSDR) with India and the World Bank, according to the Finance Ministry. The roundtable discussion was hosted by US Treasury Secretary Yellen. A high-level seminar on «Strengthening the Financial Capacity of MDBs» was also organised by the G20 India Presidency. Sitharaman drew attention to India's G20 Presidency's focus on the importance of multilateralism to move towards coordinated and consensus-based solutions to global challenges and also highlighted that in line with the evolving needs of the membership, the IMF's primary focus needs to be macroeconomic surveillance and policy guidance. The participants during the seminar deliberated on various options to enhance multi-lateral development banks (MDBs) financing and how these options can be implemented most effectively across the MDBs. The Union Finance Minister also underscored the importance of the IMF to remain well-capitalised through quota-based resources to remain central to the global financial safety net. Expressing

By Valentine Hilaire

By David Shepardson and Joseph White

A third Canadian has died in Israel following a weekend attack by the militant group Hamas, her family said in a statement shared Wednesday at a press conference by an Ottawa Jewish group.

With Israeli airstrikes marking thefifth day of escalating conflict between Israel and Hamas on Wednesday, experts are warning of rising oil prices and inflationary pressure as a potential consequence of the ongoing hostilities.

Argentina’s firebrand populist presidential candidate Javier Milei is coming under fire from his rivals who are blaming him for a sharp depreciation of the local currency in the parallel market

A retired bank official has testified that Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent

The National Apartment Association says President Joe Biden's proposed rule to ban hidden and bogus junk fees could end up increasing the cost of rental housing

The victims and legacy of the 1911 Triangle Shirtwaist factory fire are being remembered with a new memorial

Detroit’s three automakers have laid off roughly 4,800 workers at factories that are not among the plants that have been hit by the United Auto Workers strikes, which have lasted for nearly four weeks

From auto production lines to Hollywood, the power of labor unions is back in the national spotlight

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...

President Joe Biden says his proposed ban on junk fees will help families and “honest” businesses

By Gustavo Palencia

Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the balance indicated that one more hike would be likely, minutes released Wednesday showed.

By Stephen Nellis