Southern Financial News

Magdeburg for the first time in a decade to alleviate pressure from the swollen Elbe River. The ongoing floods this week prompted evacuations in parts of northern and central Germany, but a dry weather forecast for Thursday offered some relief. Nevertheless, concerns persisted as water levels continued to rise in parts of Lower Saxony state in the northwest. In Dresden, the Elbe River reached nearly 4 meters (13 feet) above its normal level, reported the German news agency dpa. Downstream, the Pretziener Wehr, a flood barrier dating back to the 1870s and renovated in 2010, was opened for the first time since the major floods in 2013. The objective was to divert approximately a third of the river's water into a 21-kilometer (13-mile) channel, bypassing the town of Schoenebeck and the state capital, Magdeburg, in Saxony-Anhalt.

economic ties with India, while meeting the country’s top diplomat, currently on a five-day visit to Moscow and St. Petersburg. Industry and Trade Minister Denis Manturov told External Affairs Minister S Jaishankar that despite the challenges faced by both countries, economic ties are developing rapidly. “There is no doubt that Russian-Indian trade will exceed the significant milestone of $50 billion by the end of this year, and set a new historical maximum,” Manturov remarked.

₹62 per equity share for the issue to raise ₹14.47 crore. The issue continued to witness strong subscription and was subscribed 2.15 times by 3:40 pm on the second day of bidding (December 28). It had received bids for 47.72 lakh shares as against 22.16 lakh on offer.

By Lisa Baertlein

Gaza Strip before a missile slammed into his tank, leaving him with a life-altering injury. «Already within the tank, I understood from the condition of my leg that I would lose it. But the question was how much of it will I lose,» he said, seated on a bed in the hospital where he has been treated since he was wounded last month.

By Jonathan Stempel

Investing.com — U.S. futures traded largely unchanged Wednesday, stabilizing after recent gains during the last trading week of what has been a positive year.

The Israeli military says it has expanded its ground offensive in the Gaza Strip to the densely populated urban refugee camps in the central part of the territory

₹100 per share, the same as its issue price. The ₹100 crore IPO was open for subscription between December 19-21 for a price band of ₹95-100 per share. Ahead of the launch, the company has raised ₹21 crore from anchor investors.

Red Sea Crisis: US Military forces on December 27 announced that they had shot down over 12 drone missiles launched by Yemen-based Houthi rebels at shipping in the Red Sea, according to Pentagon. "There was no damage to ships in the area or reported injuries," the Pentagon's Central Command said in a social media post, describing a barrage of 12 drones, three anti-ship ballistic missiles and two land-attack missiles over a period of 10 hours.

missiles, which it claimed were launched by the Iran-backed Houthis. There was no damage to ships in the area or injuries reported, the US Central Command (CENTCOM) said. «U.S. assets, to include the USS LABOON (DDG 58) and F/A-18 Super Hornets from the Eisenhower Carrier Strike Group, shot down twelve one-way attack drones, three anti-ship ballistic missiles, and two land attack cruise missiles in the Southern Red Sea that were fired by the Houthis over a 10 hour period which began at approximately 6:30 a.m.

Gradient Investments President Mike Binger explains why he added McDonald's and Ulta Beauty to his portfolio on 'The Claman Countdown.'

NEW DELHI : Union defence minister Rajnath Singh, has vowed to take decisive action against those responsible for the assaults on the India-linked shipping vessels, MV Chem Pluto and MV Sai Baba, amid escalating tensions in the Red Sea region. For over a month, attacks by Yemen’s Houthi rebels on vessels using the crucial Red Sea shipping route have heightened uncertainty in the global economy. “The recent drone attacks on the MV Chem Pluto in the Arabian Sea and a few days ago on the MV Sai Baba in the Red Sea have been taken very seriously by the Indian government.

Yoav Gallant hinted on Tuesday that the country had retaliated in Iraq, Yemen and Iran for attacks carried out against it as the war with Hamas-led Palestinian militants in the Gaza Strip widens to other areas of the region. «We are in a multi-front war and are coming under attack from seven theatres: Gaza, Lebanon, Syria, Judea and Samaria (West Bank), Iraq, Yemen and Iran.

Xi Jinping has promoted two naval officers, including a submarine expert, as top naval commanders which involves the Chinese navy's operations in the disputed South China Sea. Xi, who is also the chairman of the powerful Central Military Commission (CMC), the overall high command of the armed forces besides being the President and head of the ruling Communist Party, has presented certificates of order to promote two military officers to the rank of General, official media reported on Tuesday. General is the highest rank for officers in active service in China.

migrants and Secretary of State Antony Blinken prepares for a state visit to Mexico, a fresh wave of up to 15,000 migrants is set to crash into the already flooded US southern border of Mexico. A caravan of nearly 8,000 asylum-seekers began its march through Mexico to the border days before Blinken’s meeting with Mexican President Andres Lopez Manuel Obrador to discuss the illegal immigration crisis. They are mostly from Cuba, Haiti and Honduras.

WHO said Tuesday the world needs to properly prepare for future pandemics after finally ending three years of Covid «crisis, pain and loss,» In his end-of-year message, World Health Organization director-general Tedros Adhanom Ghebreyesus said 2023 had marked a turning point in fighting major health challenges but had also brought «immense and avoidable suffering.»

J.Kumar Infraprojects Share Price Today: Shares of smallcap company J.Kumar Infraprojects were locked in 20 per cent upper circuit to hit its 52-week high mark of ₹593.20 apiece on the BSE, after global brokerage firm CLSA maintained its “buy" call on the stock but increased its price target by 87 per cent to ₹720 from ₹385 earlier. "With the rise in its new orders and our 11 per cent higher FY25CL EPS estimate, we also roll forward our valuation and see a rerating as the government delivers on urban capex," said the brokerage. The new target translates to an upside potential of nearly 50 per cent from the previous close.

By Tom Sims

(Reuters) — U.S. stock index futures kicked off the last week of the year on a positive note on Tuesday as markets resumed trading after Christmas holidays amid strong expectations of early rate cuts by the Federal Reserve next year.

By Steven Scheer