War Financial News

Iran to use the Fath-360 close-range ballistic missile system, two European intelligence sources told Reuters, adding that they expected the imminent delivery of hundreds of the satellite-guided weapons to Russia for its war in Ukraine. Russian defence ministry representatives are believed to have signed a contract on Dec. 13 in Tehran with Iranian officials for the Fath-360 and another ballistic missile system built by Iran's government-owned Aerospace Industries Organization (AIO) called the Ababil, said the two intelligence officials, who requested anonymity in order to discuss sensitive matters. Citing multiple confidential intelligence sources, the officials said that Russian personnel have visited Iran to learn how to operate the Fath-360 defence system, which launches missiles with a maximum range of 120 km (75 miles) and a warhead of 150 kg. One of the sources said that that «the only next possible» step after training would be actual delivery of the missiles to Russia.

JPMorgan Chase has become the latest firm to harness the potential of AI as it arms thousands of its employees with powerful new virtual assistant.

Russia's Ministry for Emergencies on Friday declared the situation in the Kursk region a «federal level» emergency, four days after hundreds of Ukrainian troops poured over the border in what appeared to be Kyiv's biggest attack on Russian soil since the war began. Meanwhile, a Russian plane-launched missile hit a Ukrainian shopping mall late morning Friday, killing at least nine people and injuring 26, authorities said. The mall in Kostiantynivka, in the eastern Donetsk region, is located in the town's residential area. Thick black smoke rose above it after the strike. «This is another targeted attack on a crowded place, another act of terror by the Russians,» Donetsk regional head Vadym Filashkin said in a Telegram post.

apparatchiks in Beijing had seemingly not realised that the ensuing prosperity would turn their society into a liberal democracy, given time. Newly democratic Russia was also headed beyond history: it was planning an underwater gas pipeline to Germany, the home of Wandel durch Handel (change through trade). Even the head of its security service at the time of Kosovo, one Vladimir Putin, would denounce communism as “a blind alley".

Russia's Defense Ministry says the country's troops are fighting Ukrainian forces in the Kursk region on the third day of one of the largest cross-border incursions of the war

₹1,700—23% less than ₹2,300 in the same period a year ago. This, the IDC report said, occurred “due to price cuts to clear inventory, and discounts and offers by brands." Vikas Sharma, senior market analyst for wearable devices at IDC India, said that the stagnation in the market partly occurred in anticipation of the festival period. “Several new model launches by incumbent brands are expected during the upcoming festive season, which may help in arresting this decline.

South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

₹5.9 trillion, a record high. The previous such record was ₹5.49 trillion on 4 June, when the Bharatiya Janata Party's failure to win a simple majority in the Lok Sabha elections spooked investors. Bond yields plunged and stocks rose across markets after Wednesday's soothing words from the Bank of Japan, with the Nifty gaining 1.27% to close above the 24,000 mark at 24297.5, while the Sensex rallied 1.11% to 79,468.01.

Kamala Harris choose Minnesota Governor Tim Walz over Pennsylvania Governor Josh Shapiro and other contenders as her running mate? Was it because the Democrat presumptive candidate found him as radical as Republican vice presidential candidate JD Vance? According to 'The Telegraph', like Team Trump, the Harris campaign wanted to placate its radical wing. Donald Trump's running mate is more religiously devout than him and more passionate about conservative issues like marriage and family. So, the Democrats too wanted to select someone who could be portrayed as religious and conservative.

Delta Force: Hawk Ops offers an exciting Twitch drops event. Gamers can get Alpha access by watching livestreams. Here’s a detailed guide on how to participate and claim rewards, as per a Dexerto report.

Stockdale Paradox'. This paradigm introduced by Jim Collins in his book 'Good to Great', is named after Admiral James Stockdale, a highly decorated US military officer who survived over seven years as a prisoner of war during the Vietnam War. Stockdale's unique approach to enduring brutal captivity, combined unwavering faith that he would eventually be freed with a stark acceptance of his harsh reality. This duality forms the essence of the paradox: one must retain faith in eventual success while confronting the brutal facts of one's current situation. Various spiritual traditions emphasise the importance of faith, whether in a higher power, the universe's inherent goodness or life's ultimate purpose. The paradox aligns with these traditions by encouraging unwavering faith that transcends immediate suffering. This faith provides spiritual resilience, much like how Stockdale's belief in his eventual release sustained him.

₹2,500 a day ferrying students in Kota, a city in Rajasthan that has earned fame as the nerve centre of India’s entrance exam-preparation industry. And, if he managed to get a student placed in a hostel, the owner paid him a commission of ₹500. But today all that has changed and his daily take has plunged.

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

Egypt's local currency is sliding against the U.S. dollar after recent increases in fuel prices and subway fares

Sheikh Hasina government. Throughout modern history, students have frequently played a pivotal role in regime changes or significant policy shifts. This trend is evident in numerous landmark protests across the globe, illustrating the power and influence of student movements. In the United States during the 1960s and early 1970s, student-led protests against the Vietnam War became iconic. Campuses across America saw teach-ins, sit-ins, and shutdowns to oppose the country's involvement in the war. These actions targeted both the Johnson and Nixon administrations, as well as companies like Dow Chemicals with ties to the conflict. Thousands of students burning their drafts ultimately turned public sentiment against the war, leading to the withdrawal of American troops by 1973. In South Africa, the Soweto Uprising of June 1976 showcased students' resistance against unequal education under Apartheid. Thousands marched in protest, only to be met with armed police, which triggered widespread anti-Apartheid protests and international condemnation of the regime. These demonstrations are credited with setting the stage for the eventual end of Apartheid.

razakar," a reference to collaborators who had sided with Pakistan during the war of independence—came as security forces were stepping up a crackdown on protesters demonstrating over the lack of jobs and soaring inflation. The inflammatory word turned a protest that had been narrowly focused on economic grievances into a movement that channeled broader suppressed rage over Hasina’s governance.

exporters on Tuesday said that the political situation in Bangladesh may lead to short-term shifting of garment orders to India. However, they added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country. On Monday, former Bangladesh Prime Minister Sheikh Hasina resigned and fled the country amid massive public anger over her government's controversial quota system reserving 30 per cent of jobs for families of veterans who fought the 1971 liberation war. More than 400 people have been killed in the protests. Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said that the current situation in Bangladesh is a matter of great concern for all the exporters.

Hamas named its Gaza leader Yahya Sinwar as successor to former political chief Ismail Haniyeh, who was assassinated in Tehran last week, the group said on Tuesday, in a move that reinforces the radical path pursued since the Oct. 7 attack on Israel. Sinwar, the architect of the most devastating attack on Israel in decades, has been in hiding in Gaza, defying Israeli attempts to kill him since the start of the war. «The Islamic Resistance Movement Hamas announces the selection of Commander Yahya Sinwar as the head of the political bureau of the movement, succeeding the martyr Commander Ismail Haniyeh, may Allah have mercy on him,» the movement said in a brief statement.

polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.

Bangladesh is currently hogging headlines everywhere for all the wrong reasons. Its long-time leader Sheikh Hasina has just been overthrown, causing her to flee the country. The nation is not new to such violent political events. It has seen it all — assassinations, army rule, copious political bloodletting — at various points in its short history. Here follows a recap:

U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible new wave of attacks by Iran and its allies following last week's killing of senior members of militant groups Hamas and Hezbollah. Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. It was unclear whether the attack was linked to threats by Iran to retaliate over the killings. On Wednesday, Iran said the U.S. bears responsibility in the assassination of Hamas leader Ismail Haniyeh in Tehran because of its support for Israel.