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Quad Summit in Delaware will show that the four-nation grouping is more strategically aligned and relevant than ever before, the White House has said. QUAD, comprising Australia, Japan, India and the US, is an initiative of President Joe Biden. In the first 100 days of his presidency, Biden convened a virtual leadership summit of the QUAD countries in 2020. Since then QUAD leaders have been holding an annual summit on a rotation basis. «We believe you'll see… that the Quad is more strategically aligned and more relevant than ever before,» John Kirby, White House National Security Council Strategic Communications Director told reporters at a news conference here on Wednesday.

Subscribe to enjoy similar stories. Fed Chair Jerome Powell entered a new phase in his campaign to softly land the U.S. economy, lowering interest rates Wednesday with an audacious half-point cut.

Subscribe to enjoy similar stories. IndiGo’s flight expansion plan is facing headwinds due to the grounding of over 70 aircraft on account of problems with its Pratt & Whitney engines. The grounding has implications for the aviation sector and air fares.

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Some Brazilian users have regained access to X despite a nationwide ban put in place by the country’s Supreme Court

Chinese economy has the capacity to bring about long-drawn troubles for the entire world, looking at the amount of exports the nation carries for major countries across the globe. With big recession fears driving the Chinese economy at this point Bridgewater Associates founder Ray Dalio has broadly claimed that things in the country could be on the verge of an economic slowdown, something that has already happened during the pandemic period, and could happen yet again.

Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy. Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a tenable takeover offer. Despite enjoying the same cultural ubiquity as Kleenex, Teflon and other brands whose trademarked names are eponymous with entire product categories, Tupperware has suffered from waning sales, rising competition and the limitations of the direct-to-consumer marketing model that once defined its success.

digital banking channels. This is a practice usually followed by lenders while opening credit accounts, but is now being replicated for deposit accounts too, according to three people in the know. This comes at a time when banks are trying to weed out mule accounts —accounts which receive funds from illegal sources or through fraudulent transactions — from their systems. Reserve Bank of India governor Shaktikanta Das had at a July 3 meeting urged bank chief executives to step up their fight against such accounts. “Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore. This is becoming a serious problem for banks as digital payments become more ubiquitous,” a senior banker with a private sector bank said on the condition of anonymity.

US Federal Reserve's Chair Jerome Powell shook the markets after their aggressive stance of a 50 basis points rate cut, the US economy is in a precarious situation. Meanwhile, the effects of the same can be easily felt in the Asia-Pacific markets as well, as they reportedly opened higher than usual, hours after the massive Fed rate cut.

FBI announced on Wednesday that Iranian hackers have attempted to intervene in the 2024 U.S. presidential election. The hackers sent emails to contacts of President Joe Biden’s campaign, using information allegedly stolen from former President Donald Trump’s campaign. The messages included excerpts from Trump's campaign documents aiming to lure Biden's team. The FBI found no evidence that anyone responded to these emails. Kamala Harris' campaign called the emails “unwelcome and unacceptable malicious activity,” treating them mostly as spam or phishing. Harris's campaign spokesperson, Morgan Finkelstein, stated, “We condemn in the strongest terms any effort by foreign actors to interfere in US elections.” The emails were sent before Trump’s campaign publicly acknowledged the hack on August 10. Iranian hackers reportedly stole and spread confidential Trump campaign documents. News outlets, including Politico, The New York Times, and The Washington Post, received these materials but have not reported the details.

Subscribe to enjoy similar stories. Singapore's Temasek Holdings is close to buying Peak XV's 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million, three people aware of the development said. The deal, which has been in the works for more than a year and a half, may value the specialist mother and baby care hospitalat around $600 million, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. In 2020, theWall Street Journal reported that two senior executives at SoftBank Group—Nikesh Arora and Alok Sama—had been targeted by internal rivals in a smear campaign. According to the report, these rivals had sent letters to the Japanese investment firm’s board levelling serious allegations against the two executives, triggering investigations into their India-focussed investments.

Subscribe to enjoy similar stories. Mumbai: Aditya Birla Capital is banking on three digital platforms to drive growth, as it looks to stand out in a space marked by stiff competition. The financial services arm of the Aditya Birla conglomerate has already launched two of these platforms.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers

Canadian Armed Forces is launching an investigation after an accident sent more than a dozen soldiers to hospitals in Quebec.The incident, which occurred around 3 p.m.

SoundHealth has introduced SONU app which has artificial intelligence to detect allergies on human body before a severe attack.

MMA world pretty soon. Jake Paul who is also pretty famously known as ‘Problem Child’ has always kept his primary focus on boxing but he will be exploring avenues of MMA from the very next year following his final time getting into the ring to fight with Mike Tyson. Dexerto asserted that, Peter Murray told SportsKeeda during their Knockout Session that various big plans are being lined up for Jake Paul in the PFL where he will be fighting some really credible opponents. Also Read: National cheeseburger day 2024 deals: Burger King, Wendy's, McDonald's and others have these offers for you

The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank has two more policy meetings to do so.

In its half-year report published today (18 September), the FTSE 250 trust said it had commenced a process to sell 170MW of operational Australian solar and 122MWp of development-stage battery energy storage systems.  Following the 50% stake sale in the Lorca portfolio last November, the sale of the trust's Australian portfolio marks the second stage of the divestment programme.  Foresight Solar weathers continuation vote despite 24% calling for closure With closing expected in the first half of 2025, the resulting proceeds will be used to repay the revolving credit facility and sh...