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Meta Platforms will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook post on Friday.

Subscribe to enjoy similar stories. DAVOS, Switzerland—Things are grim here in Europe. Are they grim enough? The continent’s elites gathered in Davos were united that everything is awful, after years of insisting that all was well.

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American Express (AMEX) has announced new limited time offers under its Rewards Multiplier and Member Get Member (MGM) program for its credit card holders. The rewards multiplier program will run from January 24, 2025, and end on January 28, 2025, including both days. The MGM program has already started on January 16, 2025, and will end on February 27, 2025.

Subscribe to enjoy similar stories. LONDON—For around a decade, the Russian spy ship Yantar has crossed the globe and loitered over undersea cables in what Western officials suspect is an attempt by the Kremlin to map vital arteries for the global economy running along the ocean floor. This week, the Yantar passed through British waters, where it was tracked by two British Royal Navy ships, according to the U.K.

Subscribe to enjoy similar stories. Sales were down last year at the world’s chief auction houses, as wary sellers held onto their prized trophies. But experts at Sotheby’s have found at least one reason to celebrate: Luxury goods, which include everything from dinosaur bones to jewelry to rare sneakers, held up better than expected last year and hint at a possible market turnaround.

Subscribe to enjoy similar stories. One of the many legacies of Donald Trump’s first trade war with China is that pigs in the country now have a more varied diet. In response to Mr Trump’s tariffs on Chinese goods in 2018, China imposed a 25% levy on American farm products.

Subscribe to enjoy similar stories. For the winter holiday homework, my daughter’s class was asked to study the Preamble and find out more about fundamental rights, duties and the drafting of the Constitution. They did not just have to learn about the text but also respond to the artwork on the borders as well.

Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca.

illegal compensation to land owners paid by NOIDA officials, the Supreme Court has appointed an SIT to look into it. A bench of Justices Surya Kant and N Kotiswar Singh ruled while hearing the anticipatory bail pleas of the legal advisor and one of the law officers of NOIDA who were accused of corruption.

Subscribe to enjoy similar stories. Bharat Petroleum Corp. Ltd (BPCL) reported 21% year-on-year growth in Ebitda for the December quarter (Q3FY25), thanks to lower crude oil prices, compared to a 65% decline in H1FY25.

Subscribe to enjoy similar stories. Growing up, Saurabh Singh Rawat had one big dream: to become a cartoon. “I loved watching (anime) cartoons like Dragon Ball and Pokémon...

Donald Trump's inauguration on January 20, a palpable sense of fear has gripped many Indian students studying in the United States. As word is out for tightening immigration policies, several students have chosen to quit their odd/ part-time jobs to avoid the risk of deportation, despite the financial strain it places on them, as per a report by Time of India's Amisha Rajani.

«Our sense is that the recovery has started, government has started spending again, maybe not to the extent on the budgeted estimate, we will be still short of that, but we believe that the rest of FY25 we could see a sharp recovery coming on the capex side,» says Pankaj Tibrewal, IKIGAI Asset Manager. You have been quite bearish in terms of what you have been indicating in terms of your post and in terms of your communication that markets in the month of November and December had run up. Now that markets have corrected, is it time to be more constructive? Pankaj Tibrewal: So, if you look at it, three-four things have happened which were making us nervous for the last five-six months and we were cautioning all investors that the health of the economy is not in best of the shape. First, the liquidity, we spoke to dealer, distributors across for the last few months and the durable liquidity in the system is extremely tight and that is also reflected on the laf window if you look at the banking liquidity. Clearly, that incrementally with the governor change, our view is that that would be addressed and slowly and gradually if liquidity starts to ease out, that will be the first positive sign for all.

Mutual funds have come a long way; the numbers speak for themselves. systematic investment plans, or SIPs, have quadrupled in the last eight years, and monthly inflows in December 2024 crossed ₹26,000 crore for the first time.

FIITJEE coaching centers have reportedly closed abruptly across India, impacting thousands of students preparing for exams. As per reports, centers in Noida, Meerut, Ghaziabad, Lucknow, Varanasi, Bhopal, Patna, and Delhi's Laxmi Nagar have shut down within a week. The closures reportedly occurred after teachers resigned due to unpaid salaries and better opportunities elsewhere. Parents and students expressed concerns after the institute failed to issue refunds despite halting classes, prompting police complaints in various locations.

«The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in,» says Sandip Sabharwal, asksandipsabharwal.com. What could be interesting in this market falls could be insurance. Their numbers were not bad. I looked at HDFC Life numbers, decent. Three-four years, like you said, Kotak Mahindra Bank insurance stocks have also done nothing, nobody likes them, nobody owns them, and genuinely I see that there is a turf of growth which seems to be getting made. Sandip Sabharwal: Yes, I would agree like especially for hdfc Life the expectations were low, they reported decent numbers, stock ran up, now it has consolidated a bit. So, I think that could potentially be one stock from the insurance sector which could do well. Similarly, ICICI Lombard number on general insurance were pretty decent.

India can elevate its standing in global exports by branching out into high-tech manufacturing, which holds a lot of potential for growth. While India’s strengths have been more prominent in the traditional labour-intensive industries such as gems and jewellery, leather, and readymade garments, it is the export of high-tech products that can prove to be a real game changer for the economy.

The NSE Nifty index traded 39.25 points up at 23244.6, while BSE Sensex was 157.69 points at 76678.07 as of 11:04AM(IST)on January 24.

To build or not to build: that’s the question facing Canadian politicians, oil and gas experts and industry leaders when it comes to domestic pipelines, as U.S. President Donald Trump continues to tout plans for American energy independence.

Subscribe to enjoy similar stories. Days three and four of Davos were filled with more panel discussions, sessions, and conversations. In addition to Ukraine President Zelenskyy walking the Davos corridors, Day 3 was packed with several high-profile country representatives addressing the audience, including Malaysian Prime Minister M.