War Financial News

The European Union has imposed sanctions on the world’s biggest diamond mining company and its chief executive officer as part of what it says is its “unwavering commitment” to Ukraine in the war against Russia

A study shows that carbon dioxide emissions in Germany, Europe’s biggest economy, dropped to their lowest level in seven decades

The dead included nine children, an official told Reuters.

Billionaire investor Ken Griffin's various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500.

Netflix is set to bring a chilling adaptation of Hitoshi Iwaaki’s renowned manga, 'Parasyte,' to life. Directed by the acclaimed Yeon Sang Ho, 'Parasyte: The Grey' promises to deliver spine-tingling horror to your screens. Here's what you need to know about this upcoming South Korean series. In 'Parasyte: The Grey,' viewers will delve into a world infested by unidentified parasitic life-forms that feed off human hosts. As these creatures disrupt society, a group of courageous humans wages war against the growing threat. The series revolves around characters like Jung Soo In, who forms an unusual cohabitation with a parasite, Seol Kang Woo on a mission to find his missing sister, and Choi Jun Kyung leading the parasitic life team known as 'The Grey.' This adaptation marks the first live-action series outside Japan, promising a fresh take on the beloved manga.

It’s that time of the year when several heads of state, the richest and most powerful businessmen, civil society and the media head to the snowclad resort town of Davos in the Swiss Alps for a five-day pilgrimage to brainstorm and shape the global agenda. The 54th annual meeting of the World Economic Forum starting on 15 January is being held against the backdrop of escalating tensions in West Asia amid the continuing Israel-Hamas war, new shocks to supply chains, growing threats from climate change, and emerging risks from the increasing application of artificial intelligence. As always, more than 100 governments, including heads of state, will attend the meeting, which is being convened under the theme ‘Rebuilding Trust’.

Dinesh K Tripathi took charge as the Vice Chief of the Naval Staff on Thursday. Prior to his current appointment, Vice Admiral Tripathi served as the Flag Officer Commanding-in-Chief (FOC-in-C) of the Western Naval Command. An alumnus of Sainik School Rewa and the National Defence Academy, Khadakwasla, Vice Admiral Tripathi was commissioned into the Indian Navy on July 1, 1985. Specializing in Communication and Electronic Warfare, he has an illustrious career serving on frontline warships, including stints as Signal Communication Officer and Electronic Warfare Officer. Vice Admiral Tripathi commanded Indian Naval Ships Vinash, Kirch, and Trishul, demonstrating his leadership and operational skills. Throughout his career, he held various crucial operational and staff positions, such as Fleet Operations Officer of the Western Fleet at Mumbai and Principal Director of Network Centric Operations at New Delhi. Promoted to the rank of Rear Admiral, he served as Assistant Chief of Naval Staff (Policy and Plans) at NHQ and Flag Officer Commanding Eastern Fleet.

man-portable air defence missile system, designed to eliminate hostile aircraft, drones, and helicopters at very short ranges. This development comes as the armed forces are currently inducting a limited number of Russian systems to address operational gaps in the ongoing military standoff with China in eastern Ladakh, a TOI report stated. The indigenous very short-range air defence system (VSHORADS), developed by DRDO to neutralize low-altitude aerial threats within a 6-km range, is expected to undergo user trials by April-May, according to a senior defense official.

By Andrew Hayley and Jeslyn Lerh

Cost of Living LIVE Updates January 04: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, extending strong gains from the prior session as the shutdown of Libya’s biggest oilfield fueled more concerns over tight supplies.

Donald Trump urged the US Supreme Court on Wednesday to toss out a ruling by Colorado's highest court that would keep him off the presidential primary ballot in the western state. The Colorado Supreme Court barred Trump last month from appearing on the Republican primary ballot in the state because of his role in the January 6, 2021 assault on the US Capitol by his supporters.

The ongoing war in Ukraine and the fighting in Gaza following Hamas’s 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality. This is the doctrine France is implementing at an international level, through the Paris Pact for People and the Planet and the One Planet summits. The cornerstone of our strategy must be to speed up the ecological transition as well as the fight against poverty.

Harvard president Claudine Gay on Tuesday, following bitter criticism of her appearance at a congressional hearing in early December, has fired a debate in the US on campus antisemitism. She goes along with U Penn president Elizabeth Magill who quit last month, and with pressure growing on their MIT counterpart, Sally Kornbluth, to follow suit. Gay and Magill are collateral damage of the Israel-Hamas war.

Israel-Hamas war: The United States is risking its position on the global stage as it decides to back Israel in its war against Gaza. But, serious disagreements seem near as Israel plans to push Palestinians out of Gaza and called for Israeli settlers to return to the region.

Russian regional governor said on Wednesday he had ordered the rebuilding of nine houses in a village that was accidentally bombed by one of Russia's own warplanes. The incident took place on Tuesday, when the state news agency RIA quoted the defence ministry as reporting an «abnormal discharge of aircraft ammunition» over the village of Petropavlovka in the southern region of Voronezh. Governor Alexander Gusev said the nine houses would be rebuilt as soon as possible, and there had also been damage to a small local school, an arts centre and an administrative building. No one had been killed but four people were treated for minor injuries and residents had access to psychological support, he said. Five cars and a tractor had also been damaged, and the owners would get compensation. «Not a single resident will be left without help, we will support everyone as much as possible,» Gusev said. Authorities did not say what caused the incident. While the damage was limited, it was embarrassing for Russia's military and came at a time of high alert in its southern regions close to the border with Ukraine. Over the New Year period, Russia staged some of its heaviest missile and drone strikes on Ukraine since its full-scale invasion in February 2022.

Israeli strike killed the deputy leader of Palestinian militant group Hamas. The day after loud blasts ripped through the district from the drone attack that killed Saleh al-Aruri, armed men of Hezbollah were standing guard in the mainly Shiite Muslim area that is their stronghold. Local residents said they were surprised to learn that their busy street housed the secretive Hamas bureau in a non-descript three-storey building nestled next to a pharmacy and a sweets shop. Israel has not claimed the deadly attack but Hamas, the group behind the October 7 attack that sparked the Gaza war, and Lebanese officials have no doubt it was Israel who killed Aruri and six Hamas operatives. Beirut's southern suburbs have long been a stronghold of the Iran-backed Hezbollah armed group, but it is also an overcrowded residential area packed with civilians, shops and restaurants. «No one knew that there was a Hamas office here,» said Ahmed, 40, who works in the nearby sweets shop.

Kyiv's forces seek to embarrass the Kremlin and puncture President Vladimir Putin's argument that life is going on as normal despite the 22-month war. The situation in the border city of Belgorod, which came under two rounds of shelling on Wednesday morning, «remains tense», said regional Gov. Vyacheslav Gladkov, writing on Telegram.

BEIRUT : Israel was on high alert for an escalation with Hezbollah on Wednesday after one of the top leaders of the Palestinian Hamas was killed in a strike in Beirut that was widely blamed on Israel and heightened the risk of a broader Middle East conflict. The killing of Saleh Arouri, the most senior Hamas member slain since the war in Gaza erupted nearly three months ago, provided a morale boost for Israelis still reeling from Hamas' Oct. 7 attack as the militants put up stiff resistance in Gaza and continue to hold scores of hostages.

As per the Reserve Bank of India (RBI) data, net financial savings of households fell to a nearly five-decade low of 5.1% of GDP in FY23, down from 7.2% in FY22. For India, which has been known as a country with good savings habit, this news is worrisome.

BEIJING (Reuters) — China on Wednesday said a situation in which national security restrictions severely impede global growth due to «the politicisation of economic and trade issues» would be «immoral and unsustainable». after a International Monetary Fund warning.