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United States soared past analyst expectations in July, according to government data released Thursday, helped by the autos segment and bringing some relief to policymakers. US consumption has remained resilient despite high interest rates, and experts are closely monitoring if this continues to hold up until the central bank begins rate cuts. A weaker than expected labor market report recently sparked market turmoil, over fears that the world's biggest economy was in worse health than anticipated.

As many as 27.8% of undergraduate (UG) medical students and 15.3% of post graduate students (PG) suffer from mental health disorder, says a survey conducted by India’s apex medical education regulator. Of the 37,962 participants surveyed by the the National Medical Commission (NMC), 16.2% UG students and 31.23% PG students have suicidal ideas. The reasons for such mental health disorders include the pressure of paying educational loans and debt (32.7%), students facing ragging (18%), sub-par hostel facilities (41.6%), and lack of privacy (33.7%).

job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 4,500 to 236,500. In the week that ended Aug. 3, 1.86 million Americans were collecting jobless benefits, down by 7,000 from the week before.

interest rates. Their hope was rekindled after Federal Reserve Chairman Jeremy Powell indicated a reduction in the bank rates in September. Many people believe it may happen earlier and the Fed may convene an emergency meeting to take a decision aimed at saving the US economy from slipping into a recession. However, Ed Yardeni, the president of Yardeni Research and a longtime Wall Street veteran believes there may be only one cut in this financial year and it may be as little as 25 basis points.

Saudi Crown Prince Mohammed bin Salman has expressed deep concerns about his personal safety in pursuing normalization with Israel as reported by Politico. During discussions with U.S. lawmakers, MBS reportedly conveyed that he fears for his life if he advances with the agreement without securing significant concessions for Palestinians.

Ola group of companies made a slew of product announcements, including electric bikes, quick commerce dark stores and computing chips, during their annual event “Sankalp” on Thursday. Listed electric scooter maker Ola Electric announced its first-ever range of electric motorcycles, called the Roadster. The Roadster has been launched in three different variations — Roadster Pro, Roadster and Roadster X — at introductory prices of between Rs 74,999 to Rs 2,49,999. All three models are open for registration. The cheaper Roadster X and Roadster models, with battery power ranging between 2.5 KwH (kilowatt hour) and 6 Kwh, will begin deliveries in the final quarter of the fiscal year 2025. The premium Roadster Pro, with 8 KwH and 16 KwH variants, will be available from Diwali 2025, i.e. around November 2025, founder Bhavish Aggarwal said.

Principal Asset Management chief global strategist Seema Shah analyzes the labor market and discusses the risk of recession on 'Making Money.'

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Former Chair of the Council of Economic Advisers Kevin Hassett reacts to former President Trump outlining his economic agenda in North Carolina on Kudlow.

Arbitration pros resist govt.'s advisory favouring mediation over arbitration The law ministry’s efforts to expedite the enforcement of arbitral awards are expected to significantly benefit the government, which is included as a party in a considerable number of arbitration proceedings. Law minister Arjun Ram Meghwal initiated thenational litigation policy in June soon after taking office.

Google from 2001 to 2011, expressed concern that Google's focus on flexible work arrangements has allowed rival startups like OpenAI and Anthropic to outpace it in AI development, as per the report.According to Schmidt, these startups, driven by relentless work ethics, have gained a substantial advantage over Google. “Google chose to prioritize a relaxed work environment, which has hindered its innovation capabilities," Schmidt stated.

Devendra Fadnavis on Thursday said more than one crore eligible women in the state will start getting Rs 1,500 financial assistance per month under the government's 'Ladki Bahin' scheme after its launch on August 17. Speaking to reporters, he said some eligible women already received Rs 3,000 as the instalment for two months on Wednesday during the scheme's trial run. «The scheme is set to commence this Saturday. The state government expects that more than one crore eligible women will begin receiving Rs 1,500 per month,» he said.

Indian institutional investors now consider sustainability information essential in their due diligence process, a study by Deloitte and The Fletcher School at Tufts University said, adding as sustainability becomes more integral to investment management, trust in the ESG data used to inform these decisions is lacking, posing challenges in accessing trustworthy data. «According to Indian investors, the inconsistency or incomparability of ESG rating data (73 per cent), cost constraints on integrating ESG data into investment decision models (71 per cent) and lack of measurable outcomes in corporate disclosures (70 per cent) reduce the trust factor of available sustainability data, inhibiting their ability to implement ESG investment strategies,» Deloitte said citing its study titled 'Investor trust in sustainability data'. The study further highlights that Indian investors are more likely to trust in-house proprietary data systems and audited (or assured) corporate disclosures for sustainability analysis. However, as compared with global investors, Indian investors are less likely to rely on external data sources and ratings.

The share allotment of Saraswati Saree Depot IPO is likely to be finalised tomorrow. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Opposition leaders on Thursday slammed Prime Minister Narendra Modi over his Independence Day speech, alleging that it failed to unite and inspire people or address important issues faced by the nation. Communist Party of India General Secretary D Raja said the prime minister's speech from the ramparts of the Red Fort on India's 78th Independence Day did not place any issue before the nation to unite and inspire people. «Whatever he spoke is in line with the sinister, divisive agenda of RSS,» Raja told PTI. «The prime minister speaks about 2047 but he failed to address the issues of plurality, and diversity of the nation. He is trying to impose uniformity on the country,» he alleged.

genocide and crimes against humanity that took place from July 15 to August 5 during students' mass movement against her government. A complaint was filed on Wednesday with the investigation agency of Bangladesh's International Crimes Tribunal against Hasina, Awami League general secretary and former road transport and bridges minister Obaidul Quader, former home minister Asaduzzaman Khan Kamal, and several other prominent figures within the party. The complainant's lawyer Gazi MH Tamim confirmed on Thursday that the Tribunal started the probe, The Dhaka Tribune newspaper reported. He said the investigation agency started the investigation on Wednesday night.

cloudburst in the Bandipora district of Jammu and Kashmir triggered a flash flood on Thursday morning. The cloudburst was reported in Arin area of North Kashmir's Bandipora. The heavy rainfall caused widespread flooding, submerging many areas. However, there were no reports of casualties.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

V O Chidambaram Pillai, called VOC, started the first indigenous Indian shipping company, Swadeshi Steam Navigation Company (SSNCo), in 1906, against British India Steam Navigation Company, plying ships between Tuticorin-Colombo. He was later arrested by the British government in 1908 and sentenced to two terms of life-imprisonment and was locked in Coimbatore prison where he was sentenced to hard labour. Also Read: No, India did not get complete independence in 1947. Here's why