UPS Financial News

inland waterways, as part of its efforts to promote greater use of the country's network of rivers, canals and backwaters to move cargo, officials in the know said. The government is readying a scheme to incentivise parcel movement on the Ganga, Brahmaputra and Barak rivers in the first phase. A discount of up to 35% on the invoice value for transporting goods is expected to be offered by a subsidiary of state-run Shipping Corporation of India, with the government reimbursing the company for the loss of revenue, they said. «This scheme has been designed after feedback from stakeholders that recently used national waterways 1, 2 and 16 to transport goods,» one of the officials said. The incentive will make waterway movement on those routes comparable to road transport, he added.

The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows.

The average rate on a 30-year mortgage edged higher this week, holding close to its lowest level in more than a year

In the first half of 2024, seasoned buyers and investors drove detached home purchases in Canada’s priciest markets, including the Greater Toronto Area (GTA), Greater Vancouver Area (GVA), and Fraser Valley, while first-time buyers were sidelined by affordability issues, according to a Re/Max Canada report.

insolvency law rose to 31.12% of the creditors' claims in the June quarter from 25% in the previous three months, showed the data released by the bankruptcy regulator. However, it's marginally lower than the longer-term recovery rate of 32.06% since the Insolvency and Bankruptcy Code (IBC) was introduced in late 2016. In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, according to the Insolvency and Bankruptcy Board of India (IBBI) data. The cumulative recovery from the 1,005 resolved cases until June 2024 stood at Rs 3.40 lakh crore.

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one

The mayor of Ohio’s capital city says data recently stolen by hackers was unusable and that no personal information about city workers was made available online

Bavarian Nordic said Thursday it was ready to produce up to 10 million doses of its vaccine targeting mpox by 2025 after the World Health Organization declared a surge in the virus in Africa a global public health emergency. Alarmed by a rise in cases in the Democratic Republic of Congo and the spread of mpox to nearby countries, WHO experts said Wednesday that the «situation constitutes a public health emergency of international concern». «We have additional manufacturing capacity of two million doses for 2024 and (a total of) 10 million doses by 2025,» Rolf Sass Sorensen, vice-president of Bavarian Nordic, told AFP.

Be careful what you tell a chatbot

As climate change fuels the intensity and frequency of wildfires, it's also driving up the health risks for farmworkers who often have no choice but to continue working amid dangerous levels of smoke

NASA says it's still deciding whether to keep two astronauts at the International Space Station until early next year and send their troubled Boeing capsule back empty

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Cisco Systems says it is planning to lay off 7% of its employees

IndiGo, mints pilots out of fresh college graduates. It was here, during the six months of training that many women graduates sat in an aircraft for the first time. They were part of a batch of 77 that the airline inducted yesterday to mark Independence Day. The airline has 800 women pilots, the highest among any commercial airlines in the world but it is still 14% of the 5,038 pilots it employs whereas overall female representation in the company is 44%.

Disney is asking a Florida court to dismiss a lawsuit brought by the husband of a New York doctor who suffered a fatal allergic reaction after eating at a restaurant in Disney Springs

Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Ever pull into a gas station in British Columbia and wince at the posted price?

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The price of Ripple (XRP) has fallen by 1.5% today, dropping to $0.5672 as the wider crypto market loses by 4% in the past 24 hours.

One of the biggest threats facing the financial services industry is the risk of identity theft, which is the unauthorized use of your information by third parties who attempt to collect personal information about you, such as your name, date of birth, address, social insurance number and other details, for criminal purposes.