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Asian firms’ earnings outlook improves as chip sector shines

August 30, 2024 admin

Bright spot: Asia’s semiconductor firms benefit from the boom in generative artificial intelligence. | Photo Credit: Reuters A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region’s semiconductor firms benefit from the boom in generative artificial intelligence. Also helped by robust second-quarter results across…

Business

India’s Heat Is Now A Better Predictor Of Food Prices, Inflation Than Rain: Report

August 30, 2024 admin

Representational Image Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc. The link between extreme heat, exacerbated by climate change, and the price of agricultural commodities in India has strengthened over the past decade, the bank…

Nation

Foreign lenders lured by stake sales in Indian banks, but tighter rules weigh

August 30, 2024 admin

Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say. The rare opportunity for foreign banks to take controlling stakes in a market dominated by…

Business

Giving Telegram CEO Durov French citizenship was a good thing, says French President Emmanuel Macron

August 30, 2024 admin

French President Emmanuel Macron during a press conference on August 29, 2024. | Photo Credit: AP French President Emmanuel Macron has defended his decision to give special fast-track citizenship to Telegram messaging app CEO Pavel Durov, who is now under preliminary charges in France over alleged criminal activity on his popular platform. Mr. Macron on…

World

SpiceJet Sends 150 Cabin Crew On Leave Without Pay Amid Financial Crisis

August 30, 2024 admin

Currently, SpiceJet has an operational fleet of around 22 aircraft. New Delhi: Facing financial headwinds, SpiceJet has decided to furlough 150 cabin crew members for three months. The budget carrier is operating with a reduced number of planes amid financial, legal and lessor woes. Currently, it has an operational fleet of around 22 aircraft. A…

Nation

At A Rally In Michigan, Donald Trump Pledges Free IVF For All In Second Term

August 30, 2024 admin

Trump said he supported IVF after several clinics paused their care following the Alabama decision. Potterville: Donald Trump said Thursday he would have the government or insurance companies cover the cost of in-vitro fertilization for “all Americans who need it” in a second term — although he declined to say how he would pay for…

World

Increase oil seed production, reduce consumption: NITI Aayog’s recipe to address import dependency in edible oil

August 29, 2024 admin

Asserting that achieving self-sufficiency in edible oils is a critical national priority for India, the NITI Aayog, in a report, has said that utilising one-third of the total rice fallow area (in the rabi season) across ten States for oilseed cultivation can increase the production of edible oils by 1.03 Million Tonnes (MT) and reduce…

Business

Israel Gaza War: Explained – How AI Is Leading Israel’s Bombing Campaign In Gaza

August 29, 2024 admin

Heavy investment on both sides of the border reaffirms the central role of AI in war. Israel’s military campaign in Gaza – which started after the deadly October 7 last year in which over 1,100 people were brutally killed – has entered its 10th month and over 40,000 people have died. As violence rages in…

World

French President Emmanuel Macron Says He Was Not Aware Of Telegram Chief Pavel Durov’s Arrival In France

August 29, 2024 admin

“I was absolutely unaware of Mr Durov’s arrival in France,” Emmanuel Macron said. French President Emmanuel Macron was not aware of Telegram owner Pavel Durov’s arrival in France on Saturday and had not been scheduled to meet him, he told a news conference on Thursday during a two-day visit in Serbia. “I was absolutely unaware…

World