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Native Americans of the Pacific Northwest until its rapid demise following European colonization, a study in Science showed Thursday. The new research was based on a genetic analysis of 'Mutton' one of the last surviving Coast Salish woolly dogs whose pelt was sent to the nascent Smithsonian Institution in 1859, only to be largely forgotten until the early 2000s. Interviews contributed by Coast Salish tribal co-authors, meanwhile, revealed the dogs occupied a previously underappreciated high-status in Indigenous societies, which revered the animals as members of the family and adorned their most treasured items with their emblem. The dogs' fleeces were shorn like sheep, with Coast Salish weavers using the wool to craft blankets and baskets that served ceremonial and spiritual purposes. «I was always curious about why and how the pre-colonial indigenous dogs in the Americas had gone extinct after the arrival of the Europeans,» lead author Audrey Lin, a molecular biologist currently at the American Museum of Natural History, told AFP. Where and when dogs were first domesticated remains murky, but it's clear that some of the first people who settled in the Americas brought their canine companions with them from 15,000 years ago. Within the span of a few centuries of Western settlers, however, these breeds were all but wiped out — and modern American dogs contain exceedingly little genetic material of their lost cousins.

“Alternative investments through (AIFs) typically make up about 15-20% of their overall profile," Gautami Gavankar, CEO, Estate Planning and Trusteeship at Kotak Mahindra Trusteeship Services Limited. In an interview with ETMarkets, Gavankar said: “PMS has always been a part of the industry, but for the last couple of years, there has been a momentum in AIF,” Edited excerpts: We are inching towards the last month of 2023 – any key learnings from the wealth space that you have come across and will hold true in the coming years as we all know that we live in a dynamic environment? What are the requests that you are getting from your clients when it comes to managing wealth – are they open in taking more risks compared to the past and exploring new products? The average age of HNI and UHNI investors has been dropping, accompanied by significant wealth creation in recent years.

Investing.com-- Most Asian stocks rose sharply on Friday, extending recent gains following dovish signals from the Federal Reserve, while some positive economic readings from China also aided sentiment.

quantum mechanics — the theory in physics that describes the behavior of matter and energy at the level of atoms and subatomic particles. Quantum science has also been explained by a U.S. government scientist as the «rules that describe how really small things behave.» This field is full of surprises, even for the experts. Richard Feynman, the late theoretical physicist, Nobel laureate and pioneer of quantum computing, described the field as «peculiar and mysterious to everyone — both to the novice and the experienced physicist,» because it is so different to how people experience and perceive the behavior and properties of larger objects.

Sahil Khan and three others. They have been instructed to appear before the SIT on Friday for questioning. Earlier, Dubai Police on Tuesday arrested Ravi Uppal, one of the two prime accused in the Mahadev Book online betting syndicate.

2024 after a dismal showing for IPOs this year, noting that interest rates have stabilised globally but they add that elections across the region and in the U.S. could crimp demand. High interest rates, sticky inflation and geopolitical tensions have seen share sales by Asia Pacific (including Japanese) companies sink by a fifth in value so far this year to $229 billion, LSEG data shows.

bond yields and a rash of market bets on U.S. rate cuts next year, marking a sharp shift in pricing that is rare outside of financial panics. Economic data on Thursday showing stronger-than-expected retail sales in November and a smaller-than-anticipated rise in weekly jobless claims had traders paring a bit of their earlier enthusiasm for Fed policy easing next year. But even after the data, rate futures markets remain solidly priced for a March start to a round of rate reductions that would push the Fed's benchmark rate, now in the 5.25%-5.50% range, to the 3.75%-4.00% range by the end of next year. That's twice the 75-basis-points of rate cuts Fed policymakers themselves penciled in for 2024 in projections released by the U.S.

Investing.com-- Chinese industrial production grew more than expected in November, indicating that manufacturing output remained steady even as local and overseas demand continued to trend lower. 

BENGALURU (Reuters) — India's benchmark Nifty 50 is set to open at a new all-time high on Friday, tracking the global stocks rally on elevated bets of a U.S. rate cut by March 2024 after the Federal Reserve's policy meeting earlier this week.

BEIJING (Reuters) -China's new home prices fell for the fifth straight month in November, official data showed on Friday, as the sector still struggles to elbow its way out of a weak market in the face of dampened confidence in demand and investment.

Investing.com-- Oil prices rose slightly in Asian trade on Friday, and were set to snap a seven-week losing spree on optimism over interest rate cuts by the Federal Reserve and a positive outlook on demand from the International Energy Agency.

By Stella Qiu

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

US bond yields staying higher for longer, the Federal Reserve may reverse its ongoing quantitative tightening (QT) and resort to liquidity injections by either May or June next year to avert major disruptions in the global financial system, Neelkanth Mishra, chief economist, Axis Bank, said in an interview to Gayatri Nayak and Bhaskar Dutta. Edited excerpts: What is your view on global liquidity in view of the strong strides towards QT that the Fed has taken? When can we expect any change in the RBI's management of domestic liquidity? Once the RBI feels comfortable that now the Fed will keep easing for a while, it will allow them to go easier. When that happens is a much tougher question. My sense is the late second quarter of the calendar year 2024. So, maybe a May-June timeframe. By then, we should start to see some stresses showing up. There are some indicators; we have started seeing shortages in dollars outside the US. But for things to reach a point where the Fed is forced to intervene again could be in May or June.

By Hernan Nessi

Hiring mandates put out by IT services companies – that had almost completely frozen recruitments in the last few quarters due to weak tech demand – are improving on a month-on-month basis, recruitment firms said.

RBI) will carry out a 7-day variable rate repo auction worth ₹1 lakh crore on December 15, marking the first time in six months that the central bank will infuse liquidity into the banking system through this route. The RBI has taken the decision to inject liquidity into the banking system in light of outflows on account of advance tax and goods and service payments. «The 14-day VRRR auction conducted on December 01, 2023 and subscribed for ₹22,468 crore is maturing and allowed to be reversed on December 15, 2023,» read a release on the RBI's website on Thursday. «Furthermore, in view of likely outflows from the banking system on account of advance tax and GST payments, it has been decided to conduct a 7-day variable rate repo auction on December 15, 2023, Friday.» The last time that the RBI had conducted a variable rate repo auction was on June 19. Over the past year, the central bank has taken steps to drain out excess liquidity from the banking system. However, liquidity has tightened significantly over the past couple of months due to demand for currency during the festive season, the RBI's actions in currency markets and tax payments.

farmers' troubles and Manipur violence, NDTV quoted sources as saying. As more information and developments in the case come to light, media reports suggested that at least four of the six accused were unemployed at the time of the incident. The mother of one of the accused, Neelam, said her daughter was upset over not getting a job.

Mint in the week gone by. The Sensex closed above 70,000 for the first time on Thursday, taking 551 days to add the last 10,000 points, while inflation rose to a three-month high. Meanwhile, funding slowdown continued for India's tech start-ups, falling to a five-year low.

Ashok Leyland’s ieV series of electric trucks in the sub-3 tonne segment. The market for small and light electric commercial vehicles, though at a nascent stage, is rapidly expanding as large fleet operators are seeking emissions-friendly technologies for last-mile deliveries. This shift is driven by mandates to phase out polluting commercial vehicles, evolving emissions-related regulations, and as the fleet operators pursue improved cost efficiencies.

Apple, the world’s most valuable publicly traded company, stock climbed to a record high on Thursday, after the Federal Reserve Wednesday signalled an end to its aggressive rate hike policy and indicated possible rate cuts next year. The Tech giant's stock climbed 0.7%, rising to an intra-day record high of $199.62, beating the iPhone maker's previous intraday record of $198.23 on July 19.