Progressive Financial News

Gold prices edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS * Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * U.S. gold futures were steady at $1,993.30. * The dollar was down 0.1% against its rivals after gains in the last two sessions and making gold less expensive for other currency holders.

e-Visa services by India for Canadian nationals, External Affairs Minister S Jaishankar has said that the visa issuance was temporarily suspended because the situation in Canada has made it «difficult for our diplomats to do the necessary work.» Addressing a press briefing following the conclusion of the Virtual G20 Leaders' Summit on Wednesday, Jaishankar said that the physical visa has started in many categories. «Regarding the E visa, you know, first of all, it had nothing to do with the G20 meeting. What had happened was we had temporarily suspended visa issuance because the situation in Canada made it difficult for our diplomats to do the, you know, frankly to go to the office and do the necessary work for processing visas,» Jaishankar said. «As the situation has become more secure or relatively improved.

ALSO READ: Amazon Launches Free AI Classes in Bid to Win Talent Arms Race In January this year, Amazon already has a dedicated air cargo network in India with the launch of Amazon Air. “This MoU with Amazon India marks a significant step towards harnessing the potential of India’s inland water transport.

interest rates would likely remain restrictive for some time, even as the rate-hike cycle appeared to be over. The Fed minutes showed the central bank would proceed «carefully» and that «all participants judged it appropriate to maintain» the current rate setting. Fed officials agreed they would raise interest rates only if progress in controlling inflation faltered, reiterating recent comments by policymakers that left the door open for more tightening even as markets have moved to price rate cuts from early next year. Markets are all but certain that the Fed will hold rates at its December meeting, while pricing in about a 28% chance of a rate cut as early as March, according to CME's FedWatch Tool. «Almost four rate cuts are fully priced for next year and that looks very aggressive,» said Niels Christensen, chief analyst at Nordea. «That said, it's not unusual for the Fed to cut by 50 basis points when they start cutting, so it could be possible,» Christensen added. The dollar index, which measures it against a basket of currencies, was 0.1% higher at 103.68, pulling away from its lowest level since the end of August at 103.17 it touched on Tuesday. The index is down about 2.8% in November and on course for its biggest monthly drop in a year. Analysts said market participants were eager to take money off the table before liquidity fizzles out before the U.S. Thanksgiving holiday. High U.S.

(Reuters) — The average interest rate on the most popular U.S. home loan fell last week to its lowest level in two months as Treasury market yields, which act as a benchmark for mortgage rates, continued to move lower on the back of cooling inflation and a softening economy.

OpenAI, the startup behind artificial intelligence (AI)-based chatbot sensation ChatGPT, has reached an agreement with its ousted chief executive officer Sam Altman to bring him back to the company. The reconciliation, which comes barely five days after Altman's exit, is set to end the tenure of Emmett Shear who was given the top role two days ago. Shear, a former chief executive of Twitch, was announced as the interim CEO by OpenAI's embattled board on November 20.

WhatsApp is rolling out a new update that allows iOS users to link their email addresses to their accounts, in a bid to enhance user experience and security This update, named version 23.24.70, is designed to provide an additional method of access beyond the traditional phone number login. The move is seen as a response to challenges faced by users in areas with poor cellular network coverage. Users can now link their email addresses to receive verification codes, a helpful alternative when facing difficulties in receiving SMS codes due to network issues or technical glitches. It's important to note that these email addresses will remain private, unseen by contacts, and serve solely as a means for WhatsApp to send authentication codes. This feature is particularly valuable for those in low cellular network zones or frequent travellers.

Infant formula player Bubs Australia is trying to raise $28 million to fund its US market expansion to help meet growing demand for its products from retail shelves and Amazon.

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of...

Britain’s Conservative government will try to win favor with voters by cutting taxes but avoiding worsening inflation in a budget statement

The leaders of Britain and South Korea are seeking to strengthen trade and defense ties between their countries during a state visit to the U.K. by President Yoon Suk Yeol

AA flight attendants seek permission to strike. Southwest pilots could be next.

steel pipes have been inserted up to 39 metres through the rubble, with another 14 metres to go before the rescuers reach the trapped labourers. Once the drilling is complete, the passage will be used to evacuate the labourers from the tunnel. «We have pushed in the pipes up to 39 metres by now.

For Eruditus, a prominent player in bringing forward a host of exciting executive education solutions, this shift towards online learning had a unique catalyst — Bertelsmann India Investments (BII). When Eruditus and BII first engaged in conversation, Pankaj Makkar, Managing Director of BII, recognized the extraordinary potential within Eruditus's business model. But then there was a problem.

US Federal Reserve showed that the US central bank would proceed "carefully and only raise interest rates if progress in controlling inflation faltered". Gold eased below the key $2,000 level on Wednesday in international markets. Softer bond yields and the dollar capped the losses for the yellow metal.

US Federal Reserve meeting minutes. The dollar index, which measures the greenback against a basket of currencies, was flat at 103.58, near levels last seen in early September but off an overnight session low of 103.17. US Treasury yields slipped overnight to hover around 4.40%.

Prime Minister Narendra Modi will host the virtual G20 Leaders' Summit on Wednesday evening, marking a significant convergence of global leaders. As reported by ANI, the summit will include the participation of leaders from all G20 member countries, the Chair of the African Union, and representatives from nine guest countries, along with the heads of 11 international organizations—all of whom have been extended invitations to attend.

Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. 

US Federal Reserve officials at their latest policy meeting agreed to “proceed carefully" and only raise interest rates if progress in controlling inflation faltered. The minutes of the October 31 - November 1 Federal Open Market Committee (FOMC) meeting release on Tuesday showed that the committee was emphasizing on how higher interest rates were starting to squeeze households and businesses.

Among the concerns often raised in connection with the proliferation of digital public infrastructure (DPI) is the worry that nations that are reliant on digital systems for the delivery of public services will end up excluding those incapable of accessing these digital solutions from the benefits these systems were built to offer. As digitization efforts accelerate across the globe, the schism between those who can access these systems and those who cannot is only going to get more acute. Most people associate digital capacity with connectivity.

US Federal Reserve meeting minutes showed a cautious approach to future interest-rate moves. The Asian markets traded mostly lower, while the US stock market indices closed in the red overnight after the amid selling in retail and technology shares. On Tuesday, the domestic benchmark equity indices ended with decent gains, snapping a two-day losing streak.