War Financial News

war that reaches the half-year mark on Sunday. The attempt comes after Israel made a rare admission of wrongdoing during its war against Hamas militants in Gaza. The military said it was firing two officers for the killing of seven aid workers — most of them Westerners — in the territory where humanitarians say famine is imminent.

Congress on Saturday announced the names of former Union minister Ramakant Khalap and Viriato Fernandes as its candidates for the North and South Goa Lok Sabha seats. All India Congress Committee (AICC) general secretary K C Venugopal made the announcement ending the INDIA bloc's prolonged wait for its candidates in Goa. The alliance comprising more than two dozen opposition parties has agreed to field Congress candidates from both the Lok Sabha constituencies in the coastal state. Khalap (76) was elected as an MP on the Maharashtrawadi Gomantak Party (MGP) ticket from North Goa from 1996-1998.

UNHRC adopts resolution over Gaza war, India among 13 countries to abstain The US is on high alert and is preparing for a “significant" response from Iran against Israeli or American targets in the region. Earlier this week, an Israeli airstrike hit the Iranian consulate in Damascus, killing at least seven Iranians, including two generals. While Israel has repeatedly targeted Iran-linked assets in Syria over the past few months, this was the first time an attack struck an Iranian diplomatic building.

Qassem Suleimani with a drone strike in 2020. Israeli officials did not publicly claim responsibility for the strike (though in private they leave little doubt about their role). But they did argue that whoever bombed the embassy compound had a right to do so.

In another demonstration of real-world unintended consequences, a new academic study makes a strong case that when it comes to state-level income taxes, too much can be a bad thing.

RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at least 16 months. India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over the past few quarters from leaping. However, risks to price stability have not entirely receded into the background, said RBI Governor Shaktikanta Das, after the first policy review meeting in the new fiscal year.

Israel in a resolution passed Friday that aims to help prevent rights violations against Palestinians amid Israel's blistering military campaign in Gaza. The 47-member-country Human Rights Council voted 28-6 in favor of the resolution, with 13 abstentions. The sweeping measure takes aim at an array of Israeli actions such as impeding access to water and limiting shipments of humanitarian aid into Palestinian areas. It also calls on U.N.-backed independent investigators to report on shipments of weapons, munitions and «dual use» items — that have both civilian and military applications — that could be used by Israel against Palestinians.

Mindy Kaling, the comedic genius behind hits like "The Mindy Project," is making a triumphant return to Hulu with her latest creation, "Murray Hill." The streaming platform, known for rescuing «The Mindy Project» from cancellation in 2015, emerged victorious in a competitive bidding war for Kaling's new single-camera sitcom. This marks a significant milestone as Hulu grants Kaling a script-to-series commitment, signaling confidence in her creative prowess, as per a report by Collider.

drones to destroy at least six military aircraft and badly damage eight others at an airfield in Russia's Rostov region, while Russian defense officials claimed they intercepted 44 Ukrainian drones and that only a power substation was damaged in the attack. The assault appeared to be one of Kyiv's biggest air attacks in the war, coming as its forces step up their assaults on Russian soil. The Associated Press could not independently verify either side's claims. Russia has escalated attacks on civilian infrastructure, including Ukraine's power plants, in recent weeks, signaling a new and potentially dangerous phase in the conflict as both sides struggle to achieve significant advances on the ground.

Norway plans to raise its military spending by an accumulated 600 billion crowns ($56 billion) through 2036 to bolster its defence against Russia and other security challenges, the NATO member country's government said on Friday. Overall military spending for the next 12 years is expected to amount to 1.62 trillion crowns, it said. «This plan represents a historic boost in defence spending, and involves a significant strengthening of all branches of the armed forces,» Prime Minister Jonas Gahr Stoere told a press conference.

While Kangana Ranaut's factually incorrect remarks have ignited a flurry of memes on social media, they have also shed light on a lesser-known historical event: when Bose declared India's independence and proclaimed himself head of state. The freedom fighter, popularly known as Netaji, established a government of Azad Hind (Free India) in Singapore on October 21, 1943. Subhas Chandra Bose declared himself as the Prime Minister, the Head of State, and the Minister of War, announcing World War II.

One ship is likely to be handed to the Indians in September, with another being delivered early next year. The delivery of the ships are two years behind schedule due to the war in Ukraine, the officials said, asking not to be named because of the sensitivity around the issue. The two frigates are part of a four-ship deal that the Indians signed with the Russians back in 2018. The other two ships are being built in India, in collaboration with Russia, but are also behind schedule due to war-related supply chain issues, the officials said.

According to the US Treasury Department, the fintechs, along with two individuals, have "either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, thus enabling potential sanctions evasion".

When President John F. Kennedy met his French counterpart during the Berlin crisis of 1961, he found himself having to offer reassurances. With Moscow demanding that NATO withdraw its forces from the divided city, President Charles de Gaulle cast doubt on America’s determination to protect Europe.

Dune 2' proved to be a massive success with a worldwide box office collection of more than $630 million and counting, director Denis Villeneuve has planned to make its sequel. Led by Timothee Chalamet, Zendaya and a host of other Hollywood A-listers, 'Dune 2' has become the highest-grossing film of 2024. Released in 2021, the original 'Dune' grossed $402 million globally. In the sequel, Chalamet's Paul Atreides fights to exact revenge against those who destroyed his family.

Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday's U.S. monthly jobs report. Investors also digested comments from U.S. President Joe Biden, who called for an immediate ceasefire in a call with Israel Prime Minister Benjamin Netanyahu over the Gaza war. Oil prices climbed amid the geopolitical tensions.

suicide bomber set off his explosives late on Thursday in northwestern Syria, killing the co-founder of the country's main al-Qaida-linked group that controls much of the northwest, a war monitor said. Some activists disputed the source of the explosion, saying instead that a remotely detonated bomb killed Abu Maria al-Qahtani, whose real name was Maysara al-Jubouri. Al-Qahtani co-founded the Nusra Front in Syria, a militant group that later renamed itself Hayat Tahrir al-Sham and claimed it had severed ties with al-Qaida. The conflicting accounts could not immediately be reconciled. According to the Britain-based Observatory for Human Rights, a war monitor with a network of activists on the ground, the bomber entered al-Qahtani's guesthouse in the town of Sarmada in Idlib province late in the evening and detonated his explosives.

Joe Biden threatened on Thursday to condition support for Israel's offensive in Gaza on it taking concrete steps to protect aid workers and civilians, seeking for the first time to leverage U.S. aid to influence Israeli military behavior. Biden's warning, relayed in a call with Prime Minister Benjamin Netanyahu on Thursday, followed a deadly Israeli attack on World Central Kitchen aid workers that spurred new calls from Biden's fellow Democrats to place conditions on U.S. aid to Israel. Israel said the attack was a mistake.

British billionaire Joe Lewis will not go to prison after pleading guilty to insider trading charges

The U.S. government’s plans for clearing a collapsed Baltimore bridge and the cargo ship that struck it are coming into focus

Also Read: FY24 Review | Brent rises 9% in last 12 months on OPEC cuts, Middle-East tensions; Will crude oil hit $100 in FY25? Both benchmarks closed on Wednesday at their highest levels since October, having received support in recent days from the heightened geopolitical tensions and potential supply risks. Back home, crude oil futures last traded 0.94 per cent lower at ₹7,095 per barrel against a previous close of ₹7,162 per barrel on the multi commodity exchange (MCX).