Southern Financial News

a scrappy insurgency in desolate northern Yemen has managed to put itself in conflict with both the Middle East’s strongest power and the world’s superpower. Early on January 12th American and British warplanes bombed dozens of targets in Yemen. More allied strikes could take place.

Israel on Sunday, killing two civilians and renewing concerns about the risk of a second front erupting in the Israel-Hamas war. The deadly strike near the border came on the 100th day of the conflict between Israel and Hamas that has killed nearly 24,000 Palestinians, devastated vast swaths of Gaza, driven around 85% of the territory's 2.3 million residents from their homes and pushed a quarter of the population into starvation. The war was triggered by Hamas' Oct. 7 surprise attack into southern Israel in which militants killed some 1,200 people, mostly civilians, and took around 250 hostages, about half of whom are still in captivity. Since then, tensions have soared across the region, with Israel trading fire almost daily with Lebanon's Hezbollah militant group and Iranian-backed militias attacking U.S.

Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.

By Nidal al-Mughrabi and Fadi Shana

Gaza Strip on Saturday as its deadly war on the enclave's Hamas rulers approached 100 days with no end in sight. In the southern city of Rafah, an Israeli airstrike on a house sheltering two displaced families killed 10 people, the Gaza health ministry said. Holding up a photo of a dead girl with a piece of bread in her hand, Bassem Arafeh, a relative, said the families in Rafah had been eating dinner when the house was struck on Friday night. «This child died while she was hungry, while she was eating a piece of bread with nothing on it, where is the International Criminal Court to see how the children die?» Arafeh said. «Where are the Muslims… and the world leaders?» Israel says it targets militants and does all it can to minimize harm to non-combatants as it wages urban warfare against Hamas in the densely populated Palestinian enclave. But the scale of the killing in Gaza and the dire humanitarian situation has shocked world opinion and fuelled growing calls for a ceasefire. The Israeli military on Saturday said its forces had killed numerous militants in the southern area of Khan Younis and in the central Gaza Strip.

Tesla says it’s temporarily halting most of production at its German factory because of attacks in the Red Sea, a vital global shipping corridor

divisions over proposed reforms to the country’s Supreme Court. Some reservists threatened not to serve if the divisive prime minister, Binyamin Netanyahu, and his far-right coalition passed laws weakening the powers of the court. It was one of the army’s most turbulent periods in recent times.

Congress party on Saturday demanded an explanation from Kerala's ruling CPI(M) leadership and the state Industries Department after the Centre reportedly ordered a probe into complaints of violations by an IT company run by Chief Minister Pinarayi Vijayan's daughter Veena. The Ministry of Corporate Affairs had ordered the investigation into the complaints of financial transactions between a private minerals company and Veena's IT firm, which had triggered a huge political controversy in the southern state recently.

India in defending freedom of navigation in the Red Sea as the two countries discussed «shared concerns» over the reckless Houthi attacks in the region. External Affairs Minister S Jaishankar and US Secretary of State Antony Blinken spoke Thursday and «discussed the United States and India's shared concerns over the reckless Houthi attacks in the southern Red Sea and Gulf of Aden, which threaten the free flow of commerce, endanger innocent mariners, and violate international law». State Department Spokesperson Matthew Miller said in a statement that Blinken emphasised the Red Sea is a major commercial corridor that facilitates international trade and «welcomed increased cooperation with India in defending freedom of navigation in the region».

American TV personality Michael Strahan is diagnosed with a brain tumor. On Thursday on the Good Morning America show with host Robin Roberts., the father-daughter duo made the revelation about Isabella suffering from medulloblastoma. The 19-year-old has said that she did not notice anything strange till possibly October 1, when she started falling sick due to nausea, headaches, and could not even walk straight. Gradually she feared waking up as she used to vomit.

Sikko Industries Ltd.(up 4.97%), Zuari Agro Chemicals Ltd.(up 3.17%), Southern Petrochemicals Industries Corporation Ltd.(up 2.57%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.30%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.24%), National Fertilizers Ltd.(up 1.40%), Madras Fertilizers Ltd.(up 1.29%), Agro Phos India Ltd.(up 1.27%), Mangalore Chemicals & Fertilizers Ltd.(up 1.19%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.13%) were among the top gainers. Bohra Industries Ltd.(down 1.90%), Aries Agro Ltd.(down 0.49%) and Rama Phosphates Ltd.(down 0.32%) were among the top losers.

Nikhil Gupta, a 52-year-old Indian citizen entangled in an alleged plot to eliminate Sikh separatist Gurpatwant Singh Pannun. A federal judge in New York has recently taken a significant stride to ensure transparency in the evolving legal proceedings. The legal proceedings kicked off on January 4, 2024, when Gupta's legal team submitted a motion, urging the court to compel the release of discovery materials. Responding promptly, US District Judge Victor Marrero, through a directive issued on January 8, instructed the government to provide a response to the motion within a concise three-day timeframe.

Northeast faced the brunt of a significant storm, accompanied by relentless winds, resulting in widespread power outages affecting hundreds of thousands. This turbulent weather followed a series of violent weather events across the U.S., including tornadoes in the South and blizzards in the Midwest and Northwest. The storm, which initiated on Tuesday night and continued into Wednesday, led to road closures, fallen trees, and disrupted power lines. Wind gusts ranged from 45 mph to 55 mph (72 kph to 88 kph), with expectations of more windy weather throughout Wednesday.

China stocks dipped again on Wednesday to the lowest since February 2019, while Hong Kong shares logged a seven-day losing streak, as the absence of market catalysts kept investor sentiment low. ** The blue-chip CSI 300 Index and the Shanghai Composite Index fell 0.5% each. ** Hong Kong's Hang Seng Index fell 0.6% and the Hang Seng China Enterprises Index dropped 0.5%. ** In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S.

Zuari Agro Chemicals Ltd.(up 2.26%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.83%), Madhya Bharat Agro Products Ltd.(up 1.20%), Paradeep Phosphates Ltd.(up 0.89%), Krishana Phoschem Ltd.(up 0.87%), The Fertilisers and Chemicals Travancore Ltd.(up 0.42%), Agro Phos India Ltd.(up 0.42%), Rama Phosphates Ltd.(up 0.21%) and Khaitan Chemicals & Fertilizers Ltd.(up 0.20%) were among the top gainers. Mangalore Chemicals & Fertilizers Ltd.(down 1.86%), Sikko Industries Ltd.(down 1.34%), Rashtriya Chemicals & Fertilizers Ltd.(down 0.98%), Nagarjuna Fertilizers and Chemicals Ltd.(down 0.72%), Madras Fertilizers Ltd.(down 0.67%), National Fertilizers Ltd.(down 0.54%), Southern Petrochemicals Industries Corporation Ltd.(down 0.48%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 0.35%), Coromandel International Ltd.(down 0.29%) and Aries Agro Ltd.(down 0.19%) were among the top losers.

UK forces shot down 21 drones and missiles fired by Yemen-based Houthis on Tuesday into the Southern Red Sea towards international shipping lanes, the U.S. military's Central Command said. U.S.

New York City is on high alert as a widespread storm wreaked havoc in the U.S. South, causing significant damage. The region has experienced tornado warnings and high winds, resulting in the displacement of roofs, overturned campers, and scattered furniture in Florida.

TOKYO (Reuters) — Japan's government is considering doubling budget reserves to 1 trillion yen ($6.9 billion) for the new fiscal year starting April to cover the cost of earthquake reconstruction, the Asahi newspaper reported late on Tuesday citing several government sources.

The former head of Britain’s state-owned Post Office is handing back a royal honor in response to fury over her role in a miscarriage of justice that saw hundreds of postmasters wrongfully accused of theft

United States on Tuesday, foreshadowing an impending harsh freeze over the weekend and causing power outages for more than 302,000 homes and businesses across nine states. The most severely affected states included Georgia, where over 65,000 power outages occurred, Florida with over 62,000 outages, and Alabama with more than 58,000 outages, as reported by PowerOutage.us. Southern Co manages the largest power companies in Georgia and Alabama, while NextEra Energy holds the position of the major power provider in Florida.

southern Ontario and will begin impacting the region Tuesday morning.Meteorologists are continuing to track the system and where you live will determine how much snow or rain you see.Global News meteorologist Ross Hull said snow is expected to begin Tuesday morning for much of southern Ontario, likely at the end of the morning commute for the Greater Toronto-Hamilton Area.“It will begin as wet snow then transition to rain by the afternoon for areas closer to Lake Ontario where 2 to 5 cm of wet snow is likely,” Hull said.North of Highway 407, precipitation will likely stay as wet snow for longer, bringing the possibility of 10 to 15 cm, before transitioning over to rain, he said.During the transition, there may also be some freezing rain and ice pellets.Heaviest snow totals are expected for eastern Ontario where 15 to 25 cm is possible, Hull said.Ottawa and the surrounding area are under a winter storm watch with Environment Canada predicting 10 to 20 cm of snow, possibly turning into freezing rain and ice pellets Tuesday night.A special weather statement has been issued for parts of the Greater Toronto Area, including Newmarket and Caledon, where the agency is calling for upwards of 10 centimetres of snow and a risk of freezing rain.Environment Canada says weather warnings may be issued as the storm gets closer.“Even though Toronto won’t see significant snow, the roads will be quite messy considering the snow to start then the transition to rain (15-25 mm possible),” Hull said.He said he’s not expecting significant flooding, but there will be pooling on roadways and some flooding possibly in poorly drained areas.Gusty winds out of the east are also forecasted with the system, with the strongest winds near 100 km/h