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Kemi Badenoch on Saturday became the first Black woman to lead Britain's Conservative Party as she succeeded Rishi Sunak in the House of Commons as the Leader of Opposition. The 44-year-old Nigerian-heritage parliamentarian defeated former Cabinet minister Robert Jenrick after a three-month-long leadership election following Sunak's resignation after the Tories suffered a bruising general election defeat on July 4. The shadow secretary of state for Housing, Communities and Local Government began by thanking her predecessor – who was the first British Indian leader of the party. «I want to thank Rishi, no one could have worked harder in such difficult times. Rishi, thank you for everything you did. We all wish you and your wonderful family the very best for the future,» said Badenoch in her acceptance speech.

Subscribe to enjoy similar stories. CAMAÇARI, Brazil—When Ford Motor shut its factory here in 2021 after more than a century in the country, Uelcson Alves and the automaker’s thousands of other workers in this once-thriving Brazilian town panicked. “It was devastating.

Lyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in demand during the pandemic

Kyriakos Mitsotakis today. Sharing the details of the conversation on the social media platform, X, PM Modi said that the two world leaders held a productive conversation and shared the commitment to strengthen the India-Greece Strategic Partnership. In the post, he said, «Together, we aim to deepen our collaboration across trade, defence, shipping and connectivity. Greece is a valued partner for India within the EU as well.»

Subscribe to enjoy similar stories. The man who is betting more than $30 million on a Donald Trump victory wants you to know that he isn’t trying to manipulate the U.S. election.

foreign portfolio investors (FPIs) in India offloaded a staggering Rs 1,13,858 crore through the exchanges in the month of October. However, they remained active buyers in the primary market for the month. As opposed to the huge sell-off in the secondary market, the FPIs invested Rs 19,842 crore in the said time period.

Swiggy gears up for its high-profile IPO next week, anticipation is high among its celebrity investors, who acquired stakes in the food delivery giant early on. These high-profile stakeholders could stand to benefit significantly from a successful market debut as Swiggy transitions from a private entity to a publicly traded company. A host of celebrities from entertainment and sports have bet on India's food and grocery delivery market, hoping that Swiggy would capture the lion's share of the market.

NSE) celebrated its legacy of innovation with the launch of a multi-language website and mobile apps, enhancing accessibility for investors across India. During the Muhurat Trading session, a tradition held on Diwali, NSE managing director Ashish Kumar Chauhan extended warm wishes for the new year, Vikram Samvat 2081, and highlighted NSE's commitment to providing accurate and reliable information to the trading community. Chauhan said, «Some people leave their decisions to trade and invest on software, just like driver-less cars. This and many more dangerous uses of AI are being made. With persistent use of AI, the line between truth and lies will become blurred.»

Executive search firm EMA Partners India is planning to launch an initial public offering (IPO) with a maximum offer of up to Rs 100 crore subject to approval.

petrochemical industry is charting a path towards becoming a global powerhouse, integral to the nation’s economic vision of a USD32 trillion economy. This ambitious journey hinges on a dynamic chemical sector, with manufacturing output projected to increase by an extraordinary 50 times, reaching USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation across the chemical value chain.

As on Sep 30, 2024, in terms of performance domestic price of Gold (MCX gold) has generated reasonable return. For instance, over last period of 15 Yr. MCX Gold has generated return of 11.1% CAGR whereas Nifty50 has generated return of 12.9%. In short-term, such as over 3-year period, it has generated return of 18% vis-à-vis 14.9% of Nifty50. Over the long run, Gold has exhibited low or even negative correlation with Nifty 50 and helps in risk mitigation. Though investors should note that in the short term, correlation may or may not hold. For example, while in 2008 and 2011, when Nifty 50 gave negative returns, Gold posted strong positive returns, but both the asset classes were negative in year 2015. At current levels, while Gold may not deliver exuberant returns in short term, investors should approach it for portfolio completion and risk mitigation with longer investment horizon with a strategy to buy at Dips or in staggered manner. Backed by reasonable performance, risk mitigation and being a safe haven, investors are naturally inclined to allocate some portion of their portfolio to gold and use gold for prosperity in their wealth creation journey.

US employment report offers final clues ahead of next week's Federal Reserve policy decision. US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks — compared with just under 4.3% currently.

Bitcoin's rally toward another all-time high and renewed ETF inflows, a bleaker picture of crypto is emerging, one where waning interest in once-hot assets prompts some companies to slash jobs. On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase Inc. reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.

Hedge funds and other investors are searching for trades that profit from a win by Republican presidential candidate Donald Trump, but also offer limited downside in the event of a victory by Vice President Kamala Harris. As the nearly deadlocked race nears, some are looking for so-called "asymmetric trades" involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. «Trading the election is difficult given how tight it is,» said Edoardo Rulli, head of UBS Hedge Fund Solutions.

Mumbai: Samvat 2081 kicked off on a firm note as the country’s stock benchmarks gained nearly half a percent in Friday’s 60-minute Muhurat trading session, marking the start of the Hindu New Year. The Sensex closed at 79,724, up 335 points or 0.42%, after advancing as much as 634 points. The Nifty ended 94 points or 0.39% higher to close at 24,299.55. The Nifty Midcap100 index rose 0.67% while the Nifty Smallcap 100 went up 0.87%. Of the 3,648 traded stocks on the BSE, 3,017 advanced, while 558 declined.

The Commerce Department releases its monthly snapshot of the nation’s trade gap Tuesday

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May

In 2006, environmental nonprofits and some of the world’s largest soybean traders came together in a landmark “soy moratorium” to stop the sale of soy grown on illegally deforested land in Brazil's Amazon

Amazon is leading a rally for U.S. stock indexes, while a surprisingly weak jobs report marred by some unusual occurrences is cementing bets on Wall Street for another cut to interest rates next week

Colm McLoughlin, an Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars a year, has died

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition