Shock Financial News

U.K. authorities say that a tree which had stood for nearly 200 years next to Hadrian’s Wall — a famous Roman landmark in northern England — was “deliberately felled” in an act of vandalism

The crisis-hit nation of Sri Lanka failed to get the next tranche of its bailout from the International Monetary Fund (IMF). The organisation cited key shortfalls in the country’s reform agenda. The $3 billion bailout was agreed in March this year and Sri Lanka was hoping to receive the next tranche of funds, estimated at USD 333 million.

beggars arrested in foreign countries belong to Pakistan, reported Pakistani English-language newspaper The Dawn. " The Senate Standing Committee on Overseas Pakistanis was informed on Wednesday that a growing number of beggars from Pakistan were moving abroad, which has spurred ‘human trafficking’," the report said. Overseas Ministry Secretary Zulfikar Haider disclosed this during a discussion in the Senate panel on the issue of skilled and unskilled labour leaving the country. Haider told the committee that a staggering “90 per cent of beggars” arrested in foreign countries were of Pakistani origin, Dawn reported. Furthermore, it was revealed that many beggars exploit pilgrim visas to gain entry into countries such as Saudi Arabia, Iran, and Iraq. Shockingly, a significant number of pickpockets arrested at holy sites were also identified as Pakistani nationals. Meanwhile, Haider said that Japan has now emerged as a new destination of such visitors, according to Dawn. Moreover, he emphasized Pakistan's historical role in exporting skilled labour and expressed optimism that the country's foreign remittances would increase when professionals went abroad. He further said that Saudi Arabia now preferred skilled labour over untrained individuals, according to Dawn. Hasan also noted that as many as 50,000 engineers in Pakistan were unemployed. «India has reached the moon, while we stumble every day,” the senator added. He also informed that that approximately three million people were in Saudi Arabia, 1.5 million Pakistanis were in the UAE, while 0.2 million were in Qatar.

Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar. A surprisingly big drop in crude stocks at Cushing, Oklahoma, stoked concern that fuel demand is outstripping production right when markets least needed another supply-side shock. U.S.

violence situation in Manipur. He demanded that BJP's ‘incompetent’ chief minister should be sacked. Kharge also alleged that the violence against women and children has been weaponized and accused the BJP of turning Manipur into a battlefield.

Mallikarjun Kharge on Wednesday attacked Prime Minister Narendra Modi over the situation in Manipur and demanded that he sack BJP's «incompetent» chief minister as a first step to control the turmoil. He also alleged that the violence against women and children has been weaponised and accused the BJP of turning Manipur into a battlefield. A clash occurred in the Singjamei area of Imphal on Tuesday night between RAF personnel and locals protesting the killing of two students, who had been missing since July 6, prompting the law enforcers to lob tear gas shells and fire rubber bullets at the agitators and baton-charge them, leaving 45 of the protesters, mostly students, injured.

Troubled casino operator Star Entertainment Group’s largest shareholder, Rich Lister Bruce Mathieson, did not tip into the institutional leg of its $750 million equity raise which has been pitched to investors as a complete reset of its capital structure, Street Talk can reveal.

By Rae Wee

UBS managing director and senior portfolio manager Jason Katz discusses the impact of the UAW strike on the Federal Reserve and the auto industry, as well as high oil prices.

Mark Meadows' Admission: Trump's Role in Herman Cain's Death In June 2020, as the heartland grappled with surging COVID-19 cases, Trump organized an indoor rally in Tulsa, Oklahoma, in a bid to reignite his reelection campaign, which had been derailed by the ongoing crisis. Against the counsel of public-health experts, Trump proceeded with the rally, and on the very day of the event, six campaign staff members tested positive for the virus.

Rising interest rates are hitting Americans’ finances. Consumers in the market for loans to buy homes and cars are discovering that, because of the Federal Reserve’s rate increases, their money gets them a lot less than it would have a few years ago. Meanwhile, those with credit cards and other loans that carry rates pegged to broader benchmarks are finding they have gotten much more expensive.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

By Robert Harvey

BERLIN (Reuters) — Germany's economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of this year, the IMK institute said in its forecast on Tuesday.

health insurance policies with the hope they never have to use it but with the confidence the policy will come to their rescue in case of an eventuality. However, their moment of truth comes when they seek the policy’s support.

casino operator Delta Corp plunged 18% on Monday on news the company and its subsidiaries got tax notices for ₹16,800 crore from the Directorate General of GST (Goods and Services Tax) Intelligence. The development spooked investors as the claims were over four times the company's market value of ₹3,829 crore on Monday. The stock hit a 52-week low of ₹140.20 before closing at ₹143.

Mark Cuban, an American Shark Tank host and Billionaire, has been reported to be a victim of a malicious attack that took over $900k from his Metamask Wallet in a whisker. Mark was shocked and wondered how the white-capped hackers managed to drain virtual currencies from his wallet. This indicates that individual investors and entrepreneurs should conduct a background check of a crypto organization. 

WWE has made a shocking decision recently when they announced refunds for attendees of last week's SmackDown event due to the absence of LA Knight from the show, according to reports. Originally, LA Knight was slated to play a pivotal role in the main event segment on the blue brand. His role involved coming to the aid of John Cena during an attack by Solo Sikoa and Jimmy Uso, the reports claimed. However, just before the show's commencement, it was disclosed that Knight had tested positive for COVID-19, necessitating his immediate departure from the venue. Additionally, Fightful Select reported the cancellation of a Cena/Knight vs. Street Profits dark match. Uncharacteristically, WWE publicly informed the fans in attendance that LA Knight would not be making an appearance and offered them refunds, a practice typically reserved for top-tier stars like Roman Reigns or Seth Rollins. Dave Meltzer, in his Wrestling Observer's Daily Update, reported that WWE had indeed provided ticket refunds after making the announcement about Knight's absence. This gesture highlights the high regard in which WWE currently holds LA Knight, as they rarely announce no-shows unless the wrestler enjoys a status comparable to that of Roman Reigns or Seth Rollins. Furthermore, WWE took the unusual step of informing media outlets about LA Knight's removal from SmackDown, marking yet another departure from their customary practices. There is no official information available regarding whether this change in approach is related to any policy adjustments following Endeavor's takeover of the company.

California's Democratic governor has vetoed a bill that would have required human drivers to be on board self-driving trucks

By Group Captain Praveer Purohit (retd)

How Is India Immune To Global Crude Price Shocks |...