UPS Financial News

Toronto’s housing market has ground to a halt and so far not even the forces of Bank of Canada interest rate cuts have been able to revive it.

Northvolt AB will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its struggling first gigafactory in northern Sweden.

U.S. Democratic presidential hopeful Kamala Harris has stirred controversy with a proposal to tax unrealizedcapital gains for the wealthiest Americans. The plan has come under fire for both political and practical reasons — and raised questions about whether the policy could make its way to Canada.

The Solana price has risen by 0.5% in the past hour, reaching $129.70 as the cryptocurrency market recovers a little today after a difficult weekend.

Ali Ghulam was the undisputed dollar king of Iraq for almost a decade. His three Baghdad banks wired tens of billions of dollars in that time outside the country, ostensibly for car parts, furniture and other imports. He was one of the biggest operators in an ad hoc banking system set up around two decades ago under the U.S.

₹12.91 apiece. Even when it has been working overtime to get its act together—by raising more than $2 billion, for instance—it just doesn’t seem to be enough. The stock’s plunge on Friday was prompted by a gloomy report by the equities research wing of Goldman Sachs’ brokerage arm in India, which predicted an 83% downside for Vi shares from the previous day’s close.

Spanish Prime Minister Pedro Sánchez has met with Chinese President Xi Jinping and other top officials during his second trip to China in a year and a half that comes during a spat over electric cars

Get up to 30% off on select laptops and save bigAny home is incomplete without entertainment to bring the family closer or to take your mind off of the daily routine. Having a TV makes spending time easier and leisure time more engaging.

An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate

Electric Mobility Promotion Scheme (EMPS) till the launch of the third edition of its flagship incentive scheme FAME (Faster Adoption and Manufacturing of Electric Vehicles), Union Minister for Heavy Industries H D Kumaraswamy Monday said. EMPS was scheduled to be in force till Sep 30. But the announcement for benefits to support adoption of e-mobility is likely to take another two months, Kumaraswamy said recently, necessitating an extension. “It will be extended till FAME comes,” Kumaraswamy said at the 64th Annual Session of the Automotive Component Manufacturers’ Association (ACMA).

At the upcoming meeting, the BoE's monetary policy committee (MPC) will set out its programme for selling gilts back to financial markets over the next 12 months to reduce its balance sheet, according to a report by The Times. Almost 70% of fund managers expect Labour policies to boost economic growth The UK's central bank is currently losing billions of pounds on its bond sales with the Treasury picking up the tab, which impacts how much spending power Chancellor Rachel Reeves will have, considering Labour's target to lower the debt ratio over a five-year rolling period. BoE estim...

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

Games Primates Play, by University of Chicago behavioural scientist Dario Maestripieri, I’ve never looked at my inbox the same way. Email, writes Maestripieri, is governed by the rules of dominance hierarchy, which is central to the games we social primates are wired to play. Monkeys spend a great deal of energy establishing who stands where in the social hierarchy—who has access to the best food and the most attractive mates, and who picks mites out of whose fur.

₹14,998, promises to be just such a tool, striking a delicate balance between work and leisure. Let's dissect this monitor and determine if it's truly worthy of your investment.Setting up the monitor was fairly straightforward.

Electric two-wheeler maker Ather Energy on Monday filed preliminary papers for its initial public offering (IPO) with capital markets regulator Securities and Exchange Board of India (Sebi). This comes weeks after the successful market debut of its main rival Ola Electric. ET had reported on September 6 about Ather's IPO plans. Here are key things to know:

AAP) on Monday released its first list of 20 candidates for the upcoming Haryana Assembly Elections amid alliance talks with Congress. The party led by Delhi chief minister Arvind Kejriwal had been stepping up pressure on the Congress for an alliance in the polls. Earlier today, AAP's state unit chief, Sushil Gupta, had said that his party will release the names of candidates from all the 90 seats if the deal is not finalised by the evening. The last date for filing nominations for the Haryana election is September 12. Polling is scheduled to be held on October 5.

BMW has expressed reservations about investing under India's new electric vehicle (EV) manufacturing policy, citing concerns over the lack of recognition for companies with a long-standing presence in the country. According to Vikram Pawah, President of BMW India, while the policy supports the EV market, it overlooks the contributions of established players like BMW who have been operating and investing in India for years. Pawah explained that the current policy does not create a level-playing field, as it treats new entrants and existing companies alike without considering the latter's prior investments in the country. “The threshold for investment should have been different for a new player versus someone who has already been here. We want our previous investments to be recognized… We need a level-playing field,” Pawah told The Times of India. BMW is among a growing number of companies that are reluctant to engage with the policy, which was introduced in mid-March 2024 to entice foreign carmakers, notably Tesla, to invest in India's burgeoning EV market. However, Tesla remains hesitant, and many other multinational firms, including BMW, have not been enthusiastic about the policy’s current framework.

Mint. Despite growth concerns in the sector, Zappfresh, a brand owned by DSM Fresh Foods Ltd, is aiming for a three to four-fold increase in revenue in the next three years, founder Deepanshu Manchanda said. How does it plan on doing that? By expanding its presence in the country and going overseas, setting up offline outlets, and through acquisitions.

On Tuesday, Dave & Buster’s releases its second-quarter earnings report after the closing bell

hyper-growth stocks in India, a few names consistently pop up on investors' radars. One company that has grabbed headlines is Dixon Technologies, and it’s easy to see why. As India’s economy booms and Production Linked Incentive (PLI) schemes provide tailwinds, Dixon has emerged as a frontrunner in the Indian manufacturing story.

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (6 September) came in below economist expectations of 165,000 and exceeded the downwardly-revised 89,000 jobs created in July. The construction sector added 34,000 jobs in August, more than the average monthly figure of 19,000. Meanwhile, the healthcare sector reported an increase of only 31,000 jobs, half the 60,000 monthly average recorded over the last year. US economy adds 114,000 jobs in July but unemployment figures creep up The labour market data release will be closely watched by Federal Reserve pol...