War Financial News

Thousands of minority Serbs in Kosovo have protested a ban of the use of the Serbian currency in areas where they live

Finland is getting a new president after former Prime Minister Alexander Stubb narrowly won a runoff vote

Switzerland’s main Jewish organization has denounced an antisemitic sign put up at a local ski shop near Davos, barring Jews from renting equipment from the store

SpaceX rocket on Wednesday, following recent completed touchdowns by China, India and Japan. So why entrust such tasks to the commercial sector, especially after an attempt by another company with similar goals, Astrobotic, failed just last month? The answer lies in the way NASA has fundamentally reorganized itself for Artemis, the agency's flagship Moon-to-Mars program.

returned to the White House, which version will it be? The one who cajoled allies to spend more on defence, reinforced NATO troops on the eastern flank and began to arm Ukraine; or the one who threatened to leave the alliance and embraced Vladimir Putin? To judge from his latest election-campaign outrage, he is likely to prove the wrecker of the Western alliance. At a rally on February 10th Mr Trump, the near-certain Republican presidential nominee recounted how the leader of a “big country" once asked him whether America would defend an ally that was “delinquent" on its payments, presumably one that was not meeting the NATO target of spending 2% of GDP on defence. “No, I would not protect you," Mr.

Israeli forces rescued two hostages early Monday, storming a heavily guarded apartment in a densely packed town in the Gaza Strip as airstrikes carried out to cover the raid killed more than 60 Palestinians, including women and children. The rescue in Rafah briefly lifted the spirits of Israelis shaken by the plight of the dozens of hostages held by Hamas. The nation is still reeling from the militant group's cross-border raid last year that started the war. The overnight bombardment brought devastation in Rafah, which is packed with some 1.4 million people, most of whom fled their homes elsewhere in Gaza to escape fighting. Associated Press footage showed a large area of flattened houses, tattered tents and lines of bloodied bodies brought into nearby hospitals.

European Union (EU) has put forward new trade restrictions targeting approximately two dozen companies, including one from India and three from China, accused of backing Russia's war in Ukraine, as per a Bloomberg report. The listed companies, mainly involved in technology and electronics, are accused of contributing to Russia's military and technological capabilities. The document highlights their alleged role in advancing Russia's defence and security sector.

Israeli Minister of Transport and Road Safety, Miri Regev, paid tribute to the victims of the 26/11 terror attacks at Mumbai's Nariman House on Monday. After laying flowers at a column raised in memory of the 26/11 victims, the minister also interacted with members of the Indian Jewish community at the Keneseth Eliyahoo Synagogue. In one of the deadliest terror attacks to have been perpetrated on Indian soil, 10 members of Pakistan-based Lashkar-e-Taiba infiltrated India's commercial capital by the sea on the night of November 26, 2008, opening fire on unarmed civilians at some prominent public spaces across Mumbai.

Godzilla Minus One, the latest monster movie from Toho, offers various viewing options in theaters and on streaming platforms. Here's a breakdown of how and where to catch the film.

IMF) is now «very confident» the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year. «We are very confident that the world economy is now poised for this soft landing we have been dreaming for,» after some of the sharpest interest rate hikes in decades, Georgieva said at the World Governments Summit in Dubai.

IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy. The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

Ukraine since the Russian invasion on February 24, 2022, tens of thousands of soldiers and civilians have lost their lives. The exact number of casualties is impossible to establish, with both sides giving little information about their losses, to avoid undermining morale among the troops and wider public. The UN's human rights office said in mid-January it had confirmed the deaths of 10,382 civilians in Ukraine and a further 19,659 injured since Russia's invasion but that the real number was likely higher.

Gaza hospital officials told AP. Notably, Israel managed to rescue only two of the claimed 136 Hamas hostages in this airstrike. The Israeli raid took place in Rafah, the city on the southern edge of the Gaza Strip where 1.4 million Palestinians have fled to escape fighting elsewhere in the Israel-Hamas war.

By Giulio Piovaccari and Nick Carey

Bab el-Mandeb Strait on Monday, the latest assault believed to have been carried out by Yemen's Houthi rebels. No one was wounded in the attack and the ship was continuing on its journey, the British military's United Kingdom Trade Operations centre said in a statement. It wasn't clear how much damage was done to the ship.

Cummins India Ltd’s robust performance in the December quarter (Q3FY24) propelled its shares up by over 8%. The engine manufacturer’s operating revenue rose 16% to ₹2,534 crore, with net profit rising by 26% to ₹455 crore. Besides, Cummins maintained double-digit sales growth forecast for FY24.

Tesla (NASDAQ:TSLA) announced a $1,000 discount on select Model Y variants purchased in February 2024, as it pursues «continuous production for efficiency.»

Investing.com-- Oil prices fell in Asian trade on Monday as investors locked in some profits after stellar gains over the prior week, with focus now turning to any more developments in the Israel-Hamas war and cues from key industry reports. 

consumer goods companies including Nestle, Dabur, Coca-Cola, Mondelez and Procter & Gamble have lined up big investments in India to step up capacity and push more premium products despite an ongoing slowdown in demand, particularly for mass products. Some of these firms are investing more than ever before as they are hopeful of a demand revival in the new fiscal. «We are investing 7-8% of our turnover on capex, which is much higher than it ever was,» Nestle chairman Suresh Narayanan said. «Despite stress points in demand, there's a wealth effect phenomenon that is taking place… Stock markets have been booming and those at upper middle class and middle class, they feel good about what they are buying,» he said. «Food inflation is hurting but we are hopeful that once inflation abates, things will be better,» Narayanan said. The maker of Maggi noodles and Nescafe coffee has committed investments of ₹6,500 crore into the India market till 2025, over a five-year window.

KYIV, Ukraine—Russian forces are using SpaceX’s satellite internet system near the front line in occupied parts of Ukraine, Kyiv’s military intelligence agency said, potentially undercutting a major battlefield advantage for Kyiv’s army. Access to the system, known as Starlink, has allowed front-line Ukrainian forces to communicate via secure internet chat apps, allowing them to stay in contact without relying on cell or radio signals, which are easier to intercept.

By David Morgan