Suicide Squad Isekai: Everything we know about release date, trailer, voice cast and creative team
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The article provides information about the upcoming DC anime, Suicide Squad Isekai. The trailer showcases Harley Quinn as the main character in a new world of magic and monsters. The voice cast includes Anna Nagase as Harley Quinn, Yūichirō Umehara as the Joker, and Reigo Yamaguchi as Deadshot. The creative team behind the anime includes director Eri Osada and screenwriters Tappei Nagatsuki and Eiji Umehara. The exact release date is yet to be announced, but the anime is set to premiere in Japan in July.

#SuicideSquadIsekai #DcAnime #Trailer #VoiceCast #CreativeTeam

https://m.economictimes.com/news/international/us/suicide-squad-isekai-everything-we-know-about-release-date-trailer-voice-cast-and-creative-team/articleshow/110042402.cms


Kingdom of the Planet of the Apes: Director Wes Ball to unveil 'Raw' version with VFX Marvels
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The Kingdom of the Planet of the Apes premiered in theaters on Friday, May 10. The film series has spanned nine installments since its inception in 1968. Wes Ball, the director of Kingdom of the Planet of the Apes, plans to unveil a 'raw' version of the film that showcases the behind-the-scenes magic of VFX. This special edition will feature actors delivering their performances in motion capture suits without the visual effects. Ball emphasizes the significance of VFX in storytelling and aims to demystify the craft behind bringing apes and humans to life on screen. The film stars Proximus Caesar as a villainous bonobo monarch leading a group of coastal apes. The plot follows a young ape on a transformative journey that challenges the teachings of the past and shapes the fate of apes and humans. Ball acknowledges the collective effort of the production team and celebrates the collaborative spirit that fuels cinematic innovation.

#Film #Vfx #WesBall #PlanetOfTheApes

https://m.economictimes.com/news/international/us/kingdom-of-the-planet-of-the-apes-director-wes-ball-to-unveil-raw-version-with-vfx-marvels/articleshow/110041811.cms


US to witness new COVID wave in summers? All about the new variant KP.2
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Disease experts are concerned about a new variant called KP.2, which is causing a significant uptick in COVID-19 cases across the United States. KP.2 has become rampant in the US and is currently the leading cause of new infections, surpassing the previous variant JN.1. KP.2 has a higher ability to invade the immune system and is more evasive and fatal than previous variants. Lab research suggests that vaccines may be less effective against KP.2 compared to JN.1, but individuals previously infected with JN.1 may still have some protection against KP.2. The new variant is expected to cause a small COVID-19 wave in the US, similar to the previous JN.1 variant.

#Covid19 #VariantKp2 #Us #Infections #Vaccines

https://m.economictimes.com/news/international/us/us-to-witness-new-covid-wave-in-summers-all-about-the-new-variant-kp-2/articleshow/110041374.cms


Shogun Season 2: Here’s what rumors and sources reveal about FX series renewal
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Hiroyuki Sanada has reportedly signed a deal with FX for a potential Season 2 renewal of the series 'Shogun'. The show, initially billed as a limited series, might transition into a drama series for this year's Emmy consideration. FX has not commented on these rumors. The renewal would position 'Shogun' in direct competition with heavyweight dramas like 'The Crown' and 'The Morning Show'. Despite being a limited series, 'Shogun' became FX's most-watched debut, amassing 9 million views across Hulu, Disney+, and Star+ in its first week.

#ShogunSeason2 #HiroyukiSanada #FxSeries #LimitedSeries #DramaSeries #EmmyConsideration #TheCrown #TheMorningShow

https://m.economictimes.com/news/international/us/shogun-season-2-heres-what-rumors-and-sources-reveal-about-fx-series-renewal/articleshow/110041230.cms


Donald Trump says not considering Nikki Haley as running mate
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Donald Trump dismisses considering Nikki Haley as his running mate. Trump wishes Haley well and states that she is not under consideration for the V.P. slot. Axios had reported that Trump could pick Haley if she could help him win the presidency and cover legal bills if he loses. Haley ended her challenge to Trump in March and has not endorsed him. Other potential candidates for the running mate position include Doug Burgum, Kristi Noem, Marco Rubio, Tim Scott, J.D. Vance, and Elise Stefanik. Trump is in no hurry to pick a running mate and will face Biden in the November election.

#DonaldTrump #NikkiHaley #RunningMate #PresidentialElection

https://m.economictimes.com/news/international/world-news/donald-trump-says-not-considering-nikki-haley-as-running-mate/articleshow/110040133.cms


‘Scavengers Reign’ Season 1: Where to stream the show after cancelation by Max?
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After being canceled by Max, ‘Scavengers Reign’ Season 1 will begin streaming on another popular platform. The show, based on a 2016 short film named Scavengers, was critically acclaimed upon its release. It premiered on October 19, 2023, and will now be available on a new streaming platform starting May 31, 2024. The second season of the show is still under consideration by Netflix, pending the performance of the first season on their platform.

#ScavengersReign #Streaming #Max #Netflix #Television

https://m.economictimes.com/news/international/us/scavengers-reign-season-1-where-to-stream-the-show-after-cancelation-by-max/articleshow/110039029.cms


Trump campaign considering Nikki Haley as running mate, Axios reports
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The Trump campaign is considering Nikki Haley as a potential running mate, according to Axios. The report suggests that Trump would choose Haley if he believes she can help him win the election, avoid a potential prison sentence, and cover legal bills if he loses. Haley, a former South Carolina governor and U.S. ambassador, ended her challenge to Trump's presidential candidacy in March.

https://m.economictimes.com/news/international/world-news/trump-campaign-considering-nikki-haley-as-running-mate-axios-reports/articleshow/110035946.cms


Jaishankar expresses confidence in India-EU partnership growing further
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External Affairs Minister S Jaishankar expressed confidence in the partnership between India and the European Union (EU) growing further. He noted that the relationship between India and the EU is not only consequential for both sides but also for the world. The EU is India's largest economic partner, and the ties between the two run deep across various domains. Jaishankar highlighted the importance of resilient and reliable supply chains and stronger digital cooperation based on trust and transparency. He also acknowledged the EU's interest in the Indo-Pacific and its contribution to the India-Middle-East-Europe Economic Corridor. The European Union Ambassador to India, Herve Delphin, emphasized the strategic relevance of building an enduring EU-India partnership. In March 2024, India and the European Free Trade Association signed a Trade and Economic Partnership Agreement with four European states. Jaishankar and his wife attended Europe Day celebrations in Delhi, where he delivered his remarks as the chief guest.

#IndiaeuRelations #ExternalAffairsMinister #Partnership #EconomicPartner #SupplyChains #DigitalCooperation #Indopacific #IndiamiddleeasteuropeEconomicCorridor #EuropeDay

https://m.economictimes.com/news/india/jaishankar-expresses-confidence-in-india-eu-partnership-growing-further/articleshow/109995901.cms


Asia stocks rally on renewed global rate cut optimism
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Asia stocks rally on renewed global rate cut optimism. Asia-Pacific shares outside Japan rose 0.66% and was on course for a nearly 1% gain for the week, its third straight week of gains. Japan's Nikkei was 1.6% higher. China stocks also gained, with blue-chip shares 0.14% higher, while Hong Kong's Hang Seng Index rose 1.4%, having touched an eight month high in early trading. Data on Thursday showed U.S. initial claims for state unemployment benefits increased more than expected by 22,000 to a seasonally adjusted 231,000 for the week ended May 4. Markets will be closely watching April U.S. Producer Price Index (PPI) and the Consumer Price Index (CPI) out next week for signs that inflation has resumed its downward trend towards the Fed's 2% target rate. Traders now anticipate 47 bps of cuts this year from the Fed, drastically lower than the 150 bps they priced in at the start of 2024. The shifting expectations around U.S. rates have kept the dollar adrift, with the euro holding to its 0.3% overnight gains and last at $1.0778. The single currency was on track for its fourth straight week of gains on the dollar. BOE Governor Andrew Bailey said there could be more reductions than investors expect, with central bank's move was the latest sign of the growing divergence between Europe and U.S. rate outlook, with interest rates expected to fall earlier and further across Europe than in the United States. The yen remains in the spotlight after last week's suspected rounds of interventions from Japanese authorities. It was last at 155.51 per dollar, with Japan's Finance Minister Shunichi Suzuki repeating Tokyo's recent warnings that it was ready to take action against disorderly currency moves. In commodities, oil prices were on the rise, with U.S. crude up 0.63% to $79.76 per barrel and Brent at $84.33, up 0.54% on the day. Spot gold added 0.3% to $2,352.92 an ounce.

#AsiaStocks #GlobalRateCut #Optimism

https://m.economictimes.com/markets/stocks/news/asia-stocks-rally-on-renewed-global-rate-cut-optimism/articleshow/109994673.cms


iPad 'Crush' ad causes uproar amid AI anxiety
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An ad for the new iPad Pro has caused an uproar for showing an industrial-sized hydraulic press crushing objects linked to human creativity, such as a record player and trumpet, into a sleek tablet. Social media users criticized the ad as tone-deaf at a time when the creative community is worried about its future with the emergence of AI. The ad links to viral TikTok videos of industrial presses and other machines. Apple did not immediately comment on the criticism. The ad comes as AI creators are facing lawsuits from artists and publishers for using their material without permission.

#Ipad #Advertising #Ai #Creativity #Tiktok #Apple

https://m.economictimes.com/tech/technology/ipad-crush-ad-causes-uproar-amid-ai-anxiety/articleshow/109964898.cms


Dollar holds its ground as key inflation data looms
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The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy. The yen received a slight boost following the release of the Bank of Japan's summary of opinions from its April meeting, showing many board members saw the need to raise rates and eventually reduce the bank's bond purchases. Last week's Fed policy meeting and downside surprise in U.S. job growth have markets increasing bets for two rate hikes this year. The dollar index rose to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. Sterling was down at $1.2487 ahead of the Bank of England's policy decision later on Thursday. The euro was steady at $1.0743. In cryptocurrencies, bitcoin fell to $61,436.49.

#Dollar #Inflation #FederalReserve #BankOfJapan #InterestRates

https://m.economictimes.com/markets/forex/dollar-holds-its-ground-as-key-inflation-data-looms/articleshow/109964071.cms


Rupee trade pacts priority, many in final stages: Amit Shah
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India is in the "final stages" of negotiations with many countries to work out the modalities of settling trade in rupees, according to Home Minister Amit Shah. This will be a major priority for the new government. Shah also highlighted India's economic growth trajectory over the past decade, stating that the country has become the fifth largest economy in the world and is on track to become the third largest economy in the next two to three years. He criticized opposition states for misusing central disaster relief funds and playing politics by appealing before the courts.

#Trade #Rupee #Negotiations #Economy #DisasterReliefFunds

https://m.economictimes.com/news/economy/policy/rupee-trade-pacts-priority-many-in-final-stages-amit-shah/articleshow/109958756.cms


Dollar regains momentum as yen struggles
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The dollar is gaining momentum as the yen struggles, with the yen edging away from its peak of 151.86 per dollar last week. Analysts believe that any intervention from Japanese authorities to prop up the yen would only provide temporary relief, as the interest rate differentials between the US and Japan remain. The central bank of Japan will scrutinize the impact of yen moves on inflation in guiding monetary policy, while the country's finance minister has warned of responding to excessively volatile moves in the yen. The dollar is also being influenced by the pace and timing of Federal Reserve rate cuts, with expectations that rates will be lower by the end of the year. The Australian dollar fell due to a less hawkish outlook from the Reserve Bank of Australia. The greenback is steady against a basket of currencies, and investors continue to monitor the Fed's stance on rate cuts.

#Dollar #Yen #FederalReserve #InterestRates #Inflation #MonetaryPolicy #CurrencyExchange

https://m.economictimes.com/markets/forex/dollar-regains-momentum-as-yen-struggles/articleshow/109932579.cms


Oil prices edge lower on rising US stockpiles
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Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the US showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. crude futures fell 13 cents, or 0.2%, to $78.25 a barrel. U.S. crude stocks rose by 509,000 barrels in the week ended May 3, market sources said citing American Petroleum Institute figures. Distillate fuel inventories also rose, they said. Official U.S. government data on stockpiles is due at 1430 GMT. Analysts polled by Reuters expect U.S. crude oil inventories to have fallen by about 1.1 million barrels last week. Both benchmarks fell marginally in the previous session on signs of easing supply tightness. The EIA updated its forecasts for 2024 and now expects world oil and liquids output to grow more this year than earlier projections, and demand to grow less than it previously thought. Hopes of a ceasefire in Gaza have also put pressure on oil prices in recent sessions. The U.S. believes negotiations on a Gaza ceasefire should be able to close the gaps between Israel and Hamas. U.S. Director Bill Burns will travel to Israel on Wednesday for talks with the Israeli Prime Minister Benjamin Netanyahu and other top officials, a source familiar with the matter told Reuters. Also weighing on oil, the U.S. dollar edged higher on Wednesday. A stronger greenback dampens oil demand by making it more expensive for investors holding other currencies.

#OilPrices #UsStockpiles #CrudeOil #FuelStockpiles #Demand #GazaCeasefire #UsDollar

https://m.economictimes.com/markets/commodities/news/oil-prices-edge-lower-on-rising-us-stockpiles/articleshow/109932482.cms


Australian PM Albanese says China military air incident unacceptable
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Australian Prime Minister Anthony Albanese criticized Beijing's actions as "unacceptable" after a Chinese fighter jet reportedly fired flares near an Australian navy helicopter in the Yellow Sea. The helicopter was enforcing UN sanctions on North Korea when the incident occurred. Canberra has expressed its concerns to China through diplomatic channels, but Beijing has yet to respond. This incident adds to existing tensions, especially regarding security, as Australia strengthens ties with the US to counter China's influence in the region.

#Australia #China #MilitaryAirIncident #AnthonyAlbanese #YellowSea #UnSanctions #NorthKorea #DiplomaticChannels #Security #Us #Influence

https://m.economictimes.com/news/defence/australian-pm-albanese-says-china-military-air-incident-unacceptable/articleshow/109902458.cms


Buffett says India has 'unexplored' opportunities
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Warren Buffett, the billionaire investor, stated that the Indian market has 'unexplored' opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore 'in the future'. Buffett's remarks came at Berkshire's annual meeting when asked about the possibility of exploring in India. He mentioned that there are loads of opportunities in countries like India but the question is whether Berkshire has any advantage or insights into those opportunities. Buffett also cautioned against AI scams, stating that they could become 'the growth industry of all time'.

#WarrenBuffett #BerkshireHathaway #India #Opportunities #AiScams

https://m.economictimes.com/markets/stocks/news/buffett-says-india-has-unexplored-opportunities/articleshow/109868215.cms


Destiny 2 Iron Banner: Here’s what we know about schedule and rewards
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Destiny 2 Iron Banner is a limited-time PvP event currently live until May 7, 2024. It occurs three times a season, with each event lasting for a week. Players can earn unique weapons, armor, emblems, shaders, and engrams by participating. The next Iron Banner event is expected after The Final Shape's launch, following the end of both Season of the Wish and Into The Light. Iron Banner is a PvP game mode with unique twists on existing Crucible modes or exclusive Iron Banner modes. Some of the unique weapons that can be earned include Jorum’s Claw, Bite of the Fox, Swarm of the Raven, Pressurized Precision, Point of the Stag, The Guiding Sight, Lethal Abundance, Riiswalker, Tusk of the Boar, and Multimach CCX Kinetic. Legacy weapons like Occluded Finality, Archon’s Thunder, Peacebond, Forge’s Pledge, and others can be focused at Lord Saladin, but not earned as drops.

#Destiny2 #PvpEvent

https://m.economictimes.com/news/international/us/destiny-2-iron-banner-heres-what-we-know-about-schedule-and-rewards/articleshow/109865027.cms


League of Legends Patch 14.10: Check out release date, time and more
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League of Legends Patch 14.10 is scheduled to go live on May 15, 2024, starting with Oceanic servers. The patch brings a Corki rework, rune changes, and item adjustments that will redefine the meta and require players to adapt their strategies. Corki's rework includes the removal of The Package, increased power in his passive and other abilities. The patch also introduces new runes like Cash Back and Jack of All Trades, and adjusts numerous items to strengthen ADCs and tanks. The release timings for Patch 14.10 are 3 AM PT (NA), 5 AM GMT (EUW), 3 AM CET (EUNE), and 8 AM KST (Korea).

#LeagueOfLegends #Patch1410 #CorkiRework #Runes #Items #Meta

https://m.economictimes.com/news/international/us/league-of-legends-patch-14-10-check-out-release-date-time-and-more/articleshow/109864956.cms


Star Wars: See what we know about Daisy Ridley starrer new movie
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Daisy Ridley is set to return as Rey in a new Star Wars film set after 'The Rise of Skywalker'. The film, set in the 'New Jedi Order' era, will explore Rey's journey to rebuild the Jedi Order. The potential release dates for the film are May 22, 2026, December 18, 2026, and December 17, 2027. The confirmed cast includes Daisy Ridley as Rey, and there is speculation about the return of John Boyega as Finn and Oscar Isaac as Poe Dameron. The film marks a bold move by President Kathleen Kennedy to expand the Star Wars franchise beyond the Skywalker Saga.

#StarWars #DaisyRidley #NewJediOrder

https://m.economictimes.com/news/international/us/star-wars-see-what-we-know-about-daisy-ridley-starrer-new-movie/articleshow/109863288.cms


"Secularism doesn't mean you deny your own religion, culture": EAM Jaishankar
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External Affairs Minister S Jaishankar clarified that secularism means respect for all religions and does not mean denying one's own religion or being proud of their culture and heritage. He emphasized that India has become a "Vishwabandhu" nation that works with everyone in harmony in a world of instability, chaos, and war. This has become India's identity, and it has an international advantage, as it can establish partnerships with countries like America, Europe, Russia, Gulf countries, or Israel.

#Secularism #Religion #Culture #India #EamJaishankar

https://m.economictimes.com/news/india/secularism-doesnt-mean-you-deny-your-own-religion-culture-eam-jaishankar/articleshow/109859984.cms


How far will BoE move away from Fed's stance? Investors await a clearer signal
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Investors are awaiting a clearer signal from the Bank of England (BoE) on how far it will move away from the Federal Reserve's stance on interest rates. BoE Governor Andrew Bailey has distanced Britain from the US's resurgent consumer price pressures, pointing to "strong evidence" of UK inflation receding. The central bank is widely expected to keep rates at 5.25%, and investors will watch closely for clues on whether policymakers see June or August as an opportunity to begin cutting borrowing costs. The decision will be followed by GDP data showing the UK economy exited a shallow recession in Q1 2024.

#BankOfEngland #FederalReserve #InterestRates #Inflation #Gdp

https://m.economictimes.com/news/international/business/how-far-will-boe-move-away-from-feds-stance-investors-await-a-clearer-signal/articleshow/109850720.cms


EA FC 24 Crossplay Compatibility: All you need to know for PlayStation, Xbox, PC and more
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EA FC 24 offers limited crossplay, allowing players on PlayStation 5, Xbox Series X|S, and PC to play together, as well as those on PlayStation 4 and Xbox One. Crossplay is available in various multiplayer modes, but cross-platform progression is not supported. Nintendo Switch users are excluded from crossplay. Crossplay is automatically enabled when launching the game for the first time. Cross-platform progression is not supported, meaning players cannot continue their game progress on different platforms. Crossplay is not available for Nintendo Switch users. EA FC 24 offers crossplay in all its modes, including Pro Clubs, Co-Op Seasons, VOLTA Football, Ultimate Team Co-Op, Ultimate Team, Online Friendlies, and Online Sessions.

#EaFc24 #Playstation5 #XboxSeriesX|s #Pc #Crossplay #CrossplatformProgression #NintendoSwitch

https://m.economictimes.com/news/international/us/ea-fc-24-crossplay-compatibility-all-you-need-to-know-for-playstation-xbox-pc-and-more/articleshow/109846258.cms


The Bold and the Beautiful: Will there be more seasons? Know all about the renewal status
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Recent developments regarding the fate of The Bold and the Beautiful have stirred excitement and apprehension among fans. CBS has renewed The Young and the Restless for four years, while The Bold and the Beautiful received a one-year extension. The show remains under contract until 2025, with negotiations for a new contract scheduled for the following year. The longest-running cast members are John McCook and Katherine Kelly Lang. The future of the show is uncertain, but it remains popular and relevant.

#TheBoldAndTheBeautiful #RenewalStatus #Cbs #SoapOperas

https://m.economictimes.com/news/international/us/the-bold-and-the-beautiful-will-there-be-more-seasons-know-all-about-the-renewal-status/articleshow/109845782.cms


Indian students fail to land internships in US amid hire-local push
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Indian students in the US, including those from Ivy League universities, are struggling to land internships this summer amid a slowdown in job growth. The scarcity of entry-level job opportunities and the preference of several companies to hire local students in an election year have made matters worse. High inflation, escalating cost of living, local unemployment, and sponsorship problems have further added to the challenges faced by Indian students graduating in the US this year. Even STEM students, who were in high demand before Covid-19, are finding it tough to secure jobs. Technology, consulting, and new-age companies are either laying off staff or continuing with hiring freezes. The situation is impacting job market competitiveness and leading many Indian students to seek help to get placed in India.

#IndianStudents #UsInternships #JobMarket #IvyLeagueUniversities #StemStudents

https://m.economictimes.com/nri/work/indian-students-fail-to-land-internships-in-us-amid-hire-local-push/articleshow/109845769.cms


Cinco de Mayo 2024: From Chipotle to Applebee's, know the top deals and discounts
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As Cinco de Mayo approaches, leading food and drink establishments are gearing up to offer a fiesta of deals and discounts to celebrate Mexican American culture. From Taco Bell to Chipotle eateries have launched special deals for the day. Cinco de Mayo falls on Sunday, May 5, this year and is a vibrant celebration of Mexican-American culture. Popular among individuals of all ages, the holiday is an occasion to indulge in Mexican delicacies and festive libations. Some of the exciting offers include Taco Bell offering five tacos for $5, Dwayne 'The Rock' Johnson's Teremana tequila offering to reimburse patrons for their guacamole purchases, El Pollo Loco enticing customers with a range of specials, and Tocaya Modern Mexican delighting patrons with contests and freebies. Other establishments such as Abuelo's Mexican Restaurants, Applebee's, Astral Tequila, Bar Louie, Beef 'O' Brady's, and BJ’s Restaurant & Brewhouse are also offering tantalizing deals on food and drinks. Cinco de Mayo 2024 promises to be a feast for the senses with a plethora of deals and discounts available at top restaurants and chains.

#CincoDeMayo #Deals #Discounts #FoodAndDrink #MexicanAmericanCulture #TacoBell #Chipotle #TeremanaTequila #ElPolloLoco #TocayaModernMexican #Abuelo'sMexicanRestaurants #Applebee's #AstralTequila #BarLouie #Beef'o'Brady's #Bj’sRestaurant&Brewhouse

https://m.economictimes.com/news/international/us/cinco-de-mayo-2024-from-chipotle-to-applebees-know-the-top-deals-and-discounts/articleshow/109845175.cms


Fortnite-Marvel Collaboration: See all about upcoming Loki and Sylvie Laufeydottir cosmetics
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Fortnite teams up with Marvel's Loki for new in-game cosmetics. Players can expect two bundles featuring Loki and Sylvie, each including a backbling and pickaxe, with unique emotes. These cosmetics can be purchased separately. The collaboration follows recent additions of Sakaaran Champion Hulk and Hela Odinsdottir to the item shop. The Loki bundle includes the Miss Minutes backbling, TVA Time Stick pickaxe, and Mischief Flip emote. The Sylvie bundle includes Sylvie’s Crown backbling, Sylvie’s armor wrap, Sylvie’s Sword pickaxe, and Sylvie skin. Both Loki and Sylvie skins will have LEGO Fortnite versions upon release. The official release date for the Loki bundles is yet to be announced. All items can be bought separately in the item shop, but their prices have not been disclosed yet. Older skins are still awaiting official models in the game and will not have LEGO Fortnite versions.

#Fortnite #Marvel #Loki #SylvieLaufeydottir #Cosmetics

https://m.economictimes.com/news/international/us/fortnite-marvel-collaboration-see-all-about-upcoming-loki-and-sylvie-laufeydottir-cosmetics/articleshow/109844109.cms


Wall St Week Ahead-US small caps struggle as elevated interest rates take a toll
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Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done raising interest rates and would soon begin easing monetary policy. But stubbornly strong inflation has eroded prospects of rate cuts this year, and small cap stocks have suffered as a result. The Russell 2000 is up just 0.4% year-to-date, far less than the S&P 500's 7.5% gain. Earnings are also expected to be shaky, giving investors little reason to shift allocations from larger companies and other, less risky parts of their portfolios. Investors are skeptical right now about small cap stocks because of higher rates and stickier inflation, and they need greater clarity that the Fed will be cutting rates this year before moving in. The case for smaller stocks may have improved over the last few days. U.S. employment data on Friday showed that jobs growth, while still relatively robust, slowed last month, easing fears that rates will remain elevated for the rest of the year. On Wednesday, Fed Chairman Jerome Powell said he still believed rates were heading lower this year, despite stubborn inflation. Futures markets on Friday showed investors pricing in around 45 basis points of interest rate cuts this year, from less than 30 priced in earlier this week. That remained far lower than the 150 points they had priced in January. Stronger-than-expected earnings in coming weeks could help allay investor concerns. Overall, the Russell 2000 is expected to post earning growth of -8.4% over the most recent quarter, compared with a 10.2% growth rate for the S&P 500, according to LSEG data. At the same, the Russell 2000 is trading at a forward price to earnings ratio of 22 compared with a 20 times earnings multiple for the S&P 500, making small-caps more expensive. Among the notable small cap companies reporting in the week ahead are nutrition company Bellring Brands, gambling company Light & Wonder and oil and natural gas company Permian Resources. Larger caps reporting next week include Walt Disney, Wynn Resorts and Akamai Technologies, as US corporate earnings season continues. Despite the encouraging developments of the last few days, few believe the path to rate cuts is clear.

#UsSmallCaps #InterestRates #StockMarket #Inflation #Fed #Earnings

https://m.economictimes.com/markets/stocks/news/wall-st-week-ahead-us-small-caps-struggle-as-elevated-interest-rates-take-a-toll/articleshow/109831789.cms


Hamas to send delegation to Cairo 'in positive spirit to reach an agreement'
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Hamas has announced plans to send a delegation to Cairo for mediated negotiations, led by Khalil al-Hayya, to advance peace talks. The group expressed a positive stance towards the negotiations, aiming for a comprehensive agreement addressing aggression cessation, withdrawal of occupation forces, displaced persons' return, relief, and reconstruction. The White House expressed concerns to Israel about potential major military operations in Rafah, urging protection for civilians. UN Secretary-General Antonio Guterres called for an agreement between Israel and Hamas to prevent further escalation, citing high casualties on both sides.

#Hamas #Cairo #PeaceTalks #Negotiations #Israel #Rafah #Un

https://m.economictimes.com/news/international/world-news/hamas-to-send-delegation-to-cairo-in-positive-spirit-to-reach-an-agreement/articleshow/109829884.cms


Trump blasts Biden in rare day on campaign trail
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Donald Trump rallied supporters in Wisconsin and Michigan, accusing President Biden of weaponizing the courts against him. Trump used profane language to criticize Biden's handling of the economy and immigration. He accused Democrats of executing newborn babies and revived baseless claims that Biden is behind the 88 felony charges he is facing. Trump is the first former US president to face criminal charges. Biden's campaign has baited Trump over his legal troubles. Trump hopes to use the media attention surrounding the trial to fire up his base and push his message that Democrats are destroying the country. Trump complained about his trial and the judge, and referred to it as a 'Biden Sideshow trial.'

#Trump #Biden #CampaignTrail #Elections #Rally #LegalTroubles #Democrats #CriminalCharges

https://m.economictimes.com/news/international/world-news/trump-blasts-biden-in-rare-day-on-campaign-trail/articleshow/109767827.cms


Fed cites lack of progress on inflation, holds rates steady
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The Federal Reserve has decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, citing a lack of progress on inflation. This decision comes after three straight months of disappointing inflation figures and a major repricing of interest-rate expectations. The Fed also outlined plans to slow the pace of shrinking its asset portfolio. The cap on runoff for Treasuries will be reduced to $25 billion a month from $60 billion starting in June. The cap for mortgage-backed securities will remain unchanged at $35 billion. The decision to slow the process of quantitative tightening is independent of interest rate decisions. Fed Chair Jerome Powell will hold a press conference later today.

#FederalReserve #Inflation #InterestRates

https://m.economictimes.com/markets/stocks/news/fed-cites-lack-of-progress-on-inflation-holds-rates-steady/articleshow/109766825.cms


Fed meeting outcome today: How it may impact Indian stock market
==========

The outcome of the Federal Reserve's meeting today will have a significant impact on the Indian stock market. Chair Jerome Powell could decide to maintain interest rates or make a hawkish pivot. The decisions of the Federal Reserve, especially on interest rates, have a profound impact on global markets, including India. Foreign investors invest in the Indian markets due to the relaxed interest rate regime. When the Federal Reserve hikes interest rates, US investors tend to liquidate their Indian holdings and invest in US treasuries. An increase in US interest rates also weakens the Indian rupee against the dollar. The Federal Reserve is expected to maintain its benchmark interest rate at 5.25-5.5% in the upcoming FOMC meeting. Inflation in the US is still running high, and the Federal Reserve's interest rate hikes have not yet delivered the desired results. The decisions made by the Federal Reserve will be closely analyzed by foreign institutional investors, and their investment decisions can impact the Indian markets.

#FederalReserve #InterestRates #IndianStockMarket #ForeignInvestors #UsTreasuries #Inflation

https://m.economictimes.com/markets/stocks/news/fed-meeting-outcome-today-how-it-may-impact-indian-stock-market/articleshow/109724375.cms


ETtech Explainer: WhatsApp's standoff with Centre over end-to-end encryption
==========

WhatsApp told the Delhi High Court that it would have to stop operations in India if it’s forced to break encryption for compliance with India’s Information Technology (IT) Rules, 2021. The rules have traceability requirements to identify the "first originator" of messages. WhatsApp argued that breaking encryption would infringe upon users' fundamental right to privacy and is seeking judicial intervention to challenge the rule as unconstitutional. The government argues that WhatsApp cannot legitimately claim to protect privacy and that non-compliance with the rules could hinder law enforcement agencies' ability to track fake messages.

#Whatsapp #EndtoendEncryption #DelhiHighCourt #India #InformationTechnologyRules

https://m.economictimes.com/tech/technology/ettech-explainer-whatsapps-standoff-with-centre-over-end-to-end-encryption/articleshow/109724865.cms


Rupee subdued tracking Asian peers, bias seen tilted lower
==========

The Indian rupee experienced a sharp intra-day fall on Monday due to dollar demand from importers and a government debt outflow. The rupee was little changed on Tuesday, with traders expecting a slight depreciation heading into the U.S. Federal Reserve's policy decision. The rupee was at 83.49 against the U.S. dollar as of 10:15 a.m. IST. The dollar index was up 0.1% at 105.8, while most Asian currencies were rangebound. The Fed will deliver its policy decision on Wednesday and investors will pay attention to remarks from Chair Jerome Powell for cues on policymakers' thinking about the future path of policy rates. Stronger-than-expected inflation and economic activity data have prompted a sharp pullback in the chances of deep rate cuts by the U.S. central bank. A "hawkish outlook" from the Fed may push the rupee into a weaker range between 83.40 and 83.70.

#Rupee #AsianCurrencies #UsFederalReserve #PolicyRates

https://m.economictimes.com/markets/forex/rupee-subdued-tracking-asian-peers-bias-seen-tilted-lower/articleshow/109713727.cms


Sitharaman's "lost decade" jibe, after Chidambaram's "arithmetic inevitability" comment on India becoming 3rd largest economy
==========

Union Finance Minister Nirmala Sitharaman countered former finance minister P Chidambaram's remarks on India becoming the third largest economy. Sitharaman questioned why India's ranking in terms of GDP only grew by two ranks during 2004-2014. She referred to that period as a "lost decade" due to bad policies and corruption. Sitharaman highlighted that under Prime Minister Narendra Modi, India's ranking jumped five ranks and is currently the 5th largest economy. She also discussed the potential growth sectors in India, including renewables, advanced chemistry, green hydrogen, AI, agro-processing, and fintech.

#NirmalaSitharaman #PChidambaram #India'sEconomy #Gdp #PrimeMinisterNarendraModi #GrowthSectors

https://m.economictimes.com/news/elections/lok-sabha/india/sitharamans-lost-decade-jibe-after-chidambarams-arithmetic-inevitability-comment-on-india-becoming-3rd-largest-economy/articleshow/109687297.cms


US Secretary Antony Blinken arrives in Saudi Arabia; to push for Gaza ceasefire talks
==========

US Secretary of State Antony Blinken has arrived in Saudi Arabia as part of his travel to Jordan and Israel. He will participate in a Gulf Cooperation Council Ministerial meeting to coordinate regional security. Blinken will also coordinate with US partners at the World Economic Forum's special meeting on global collaboration, growth, and energy for Development. He will discuss efforts to achieve a ceasefire in Gaza, the recent increase in humanitarian assistance, and preventing the conflict from spreading. He will also travel to Israel and Jordan.

#UsSecretaryAntonyBlinken #GazaCeasefire #SaudiArabia #Jordan #Israel #GulfCooperationCouncil #WorldEconomicForum

https://m.economictimes.com/news/international/world-news/us-secretary-antony-blinken-arrives-in-saudi-arabia-to-push-for-gaza-ceasefire-talks/articleshow/109680825.cms


China passes tariff law as tensions with trading partners simmer
==========

China has passed a tariff law that allows it to hit back at trading partners if they impose tariffs on its exports. The law, which will take effect from December 1, outlines provisions related to tariffs on Chinese imports and exports, including tax incentives and China's right to retaliate against countries that violate trade agreements. The passing of the law comes amid rising tensions between China and the United States and European Union. Beijing has been strengthening its trade defense capabilities since President Xi Jinping came to power in 2012. The law is seen as a way for China to consolidate and improve its measures to deter other countries from imposing tariffs on its exports.

#China #TariffLaw #Trade #Tensions #Exports

https://m.economictimes.com/small-biz/trade/exports/insights/china-passes-tariff-law-as-tensions-with-trading-partners-simmer/articleshow/109678783.cms


Gold Price Today: Gold opens at Rs 71,225/10 grams, while silver at Rs 80,595/kg
==========

Gold prices on MCX for June futures contracts fell by Rs 275 or 0.38% to trade at Rs 71,225 per 10 grams on Monday while MCX May contracts were down by Rs 85 or 0.11% to Rs 80,595 per kg. In the international markets, gold and silver prices plunged in an early trading session after a surge in U.S. inflation and disappointing GDP data released last week. The U.S. personal consumption expenditures (PCE) price index increased 0.3% last month, in line with forecasts, a development that is unlikely to change expectations that the Fed will hold off cutting interest rates until September. Today, the US Dollar Index, DXY, was hovering near the 106 mark, rising 0.05 or 0.04%. "We expect gold and silver prices to remain volatile this week amid volatility in the dollar, geo-political tensions and ahead of the key U.S. Fed monetary policy meetings but gold and silver could hold its support levels of $2284 and $26.40 per troy ounce respectively on a weekly closing basis," said Manoj Kumar Jain of Prithvifinmart Commodity Research.

#GoldPrice #SilverPrice #Mcx #UsFederalReserve #Inflation #Gdp #UsDollarIndex

https://m.economictimes.com/markets/commodities/news/gold-price-today-gold-opens-at-rs-71225/10-grams-while-silver-at-rs-80595/kg/articleshow/109678609.cms


Gold eases as steady dollar dampens appeal
==========

Gold prices fell as the steady U.S. dollar made bullion less affordable for overseas buyers. Spot gold fell 0.3% to $2,328.20 per ounce, while U.S. gold futures were down 0.3% at $2,339.70 per ounce. The dollar edged up 0.1% against its rivals, making greenback-priced gold more expensive for buyers holding other currencies. The U.S. personal consumption expenditures (PCE) price index increased 0.3% last month, in line with forecasts, which is unlikely to change expectations that the Federal Reserve will hold off cutting interest rates until September. Lower interest rates boost the appeal of holding non-yielding bullion. China's gold consumption in the first quarter climbed nearly 6% from a year earlier. Physical gold dealers in India charged premiums last week for the first time in nearly two months as a pullback in domestic prices lured buyers, while premiums in top consumer China slipped. Spot silver fell 0.2% to $27.12 per ounce, platinum was down 0.1% at $915.10, while palladium lost 0.8% to $946.75.

#Gold #Dollar #FederalReserve #InterestRates #China #India #Silver #Platinum #Palladium

https://m.economictimes.com/markets/commodities/news/gold-eases-as-steady-dollar-dampens-appeal/articleshow/109676293.cms


US campus crackdowns lead to over 200 arrests amid pro-Palestine protests
==========

Tense confrontations at universities lead to over 200 arrests amid Israeli-Palestinian conflict tensions. Encampment dismantling and protests prompt nationwide challenges. Disciplinary actions taken at Harvard and Cornell universities in response to student involvement in protests. More than 200 individuals were arrested following protests at Northeastern University, Arizona State University, Indiana University, and Washington University in St Louis. Since April 18th, over 700 protesters have been arrested across US campuses. Jill Stein, the Green Party's 2024 presidential candidate, was apprehended at Washington University in St Louis. Universities grappled with differing approaches to managing the protests. Harvard University restricted access to its historic Harvard Yard and threatened disciplinary action against students participating in the encampment. Cornell University suspended four students connected with a pro-Palestinian encampment on campus. The protests demanded transparency regarding university investments and divestment from companies allegedly supporting Israel's actions in Gaza.

#PropalestineProtests #Arrests #Universities #IsraelipalestinianConflict #Encampments #Divestment

https://m.economictimes.com/news/international/world-news/us-campus-crackdowns-lead-to-over-200-arrests-amid-pro-palestine-protests/articleshow/109675597.cms


Boeing credit outlook gets gloomier as Fitch also turns negative
==========

Boeing's credit outlook has turned negative as Fitch became the third major credit grader to downgrade the company's rating. Fitch cited "heightened execution risks" at Boeing over the next year or two as it normalizes production, deals with cash-flow swings, and repays debt. Boeing burned through $3.9 billion of cash in the first quarter and predicted another significant use of cash this quarter. Boeing CFO Brian West stated that the company intends to protect its investment-grade rating and still has access to $10 billion in untapped credit lines. Moody's and S&P Global Ratings have also downgraded Boeing's credit rating recently.

#Boeing #CreditOutlook #Fitch #RatingDowngrade #CashBurn #InvestmentgradeRating

https://m.economictimes.com/news/international/business/boeing-credit-outlook-gets-gloomier-as-fitch-also-turns-negative/articleshow/109653896.cms


Foreign lands turn hunting ground for CXO search companies
==========

Large Indian companies and MNCs are expanding their CEO and CXO searches globally, with a focus on specialist roles in high-tech sectors like automotive and pharmaceuticals. The searches are driven by the need for professionals with expertise in data centers, cloud computing, EV technologies, and a keen understanding of global markets. The demand for returning Indians with international experience is increasing, particularly in areas such as digital transformation, ESG, sustainability, green hydrogen, solar, EV, and financial services. The trend is also fueled by the acute demand-supply mismatch in the leadership talent market and the need to hire for specialist roles in various industries. About 30-50% of CXO searches in the last six to 18 months have been looking at potential global candidates, up from 10-15% a few years ago. Leadership search firms are reaching out to candidates in Singapore, the US, Canada, London, and the Middle East. The rising demand for global talent pool of Indians is evident, with about one in three leadership searches being global. The preference for global professionals extends to technology, HR, and other functions as well.

#CxoSearchCompanies #LeadershipSearchFirms

https://m.economictimes.com/jobs/c-suite/foreign-lands-turn-hunting-ground-for-cxo-search-companies/articleshow/109654192.cms


Taylor Swift, 'The Tortured Poets Department' create history, match legendary Madonna
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Taylor Swift and her album 'The Tortured Poets Department' have set a record in the UK, with the album and its second volume 'The Anthology' reaching the top of the UK music chart after registering the highest first-week sales in almost seven years. This achievement ties Swift with Madonna as the female artist with the most UK number one albums. Swift's success further solidifies her status as one of the most influential and successful musicians of her generation. The album has also led to increased popularity for The Black Dog, a pub in southwest London, which was mentioned in one of the album's tracks.

#TaylorSwift #TheTorturedPoetsDepartment #Madonna #UkMusicChart

https://m.economictimes.com/news/international/us/taylor-swift-the-tortured-poets-department-create-history-match-legendary-madonna/articleshow/109653412.cms


EC issues notice to PM Modi, Rahul Gandhi days after BJP, Congress file complaints for MCC violations
==========

The Election Commission has issued notices to Prime Minister Narendra Modi and Congress leader Rahul Gandhi following complaints filed by the BJP and Congress for alleged violations of the Moral Code of Conduct (MCC). The complaints involve accusations of fostering religious, caste, and linguistic divisions. The Election Commission has invoked section 77 of the Representation of the People Act and has sought a response from Modi and Gandhi by April 29. Both parties have accused each other of indulging in divisive politics. The BJP accused Gandhi of falsely asserting an increase in poverty and perpetuating a division between the North and South of India based on language and region. The Congress filed a complaint against Modi, alleging that he is spreading malicious and hate-filled election campaign. The Election Commission has emphasized that political parties are responsible for the conduct of their candidates and campaign speeches by those holding high positions have serious consequences.

#ElectionCommission #MoralCodeOfConduct #Bjp #Congress #NarendraModi #RahulGandhi

https://m.economictimes.com/news/elections/lok-sabha/india/election-commission-issues-notice-to-bjps-modi-congress-gandhi-for-alleged-mcc-violations/articleshow/109586454.cms


US inflation increases moderately; consumer spending boosts Q2 outlook
==========

US inflation increased moderately in March, with the personal consumption expenditures (PCE) price index rising 0.3% last month. Goods prices edged up 0.1% while services prices rose 0.4%. Inflation rose 2.7% in the 12 months through March. The report from the Commerce Department also showed strong consumer spending last month, with consumer spending increasing by a solid 0.8%. The increase in inflation and consumer spending offers some relief to financial markets after concerns of stagflation. The Federal Reserve is expected to leave rates unchanged next week.

#UsInflation #ConsumerSpending #PcePriceIndex #CommerceDepartment #FederalReserve

https://m.economictimes.com/markets/stocks/news/us-inflation-increases-moderately-consumer-spending-boosts-q2-outlook/articleshow/109639546.cms


5 world market themes for the week ahead
==========

The article discusses five key market themes for the upcoming week. First, investors will be focused on the U.S. Federal Reserve meeting and comments from Fed Chair Jerome Powell regarding potential policy easing later in 2024. Second, tech earnings from companies like Apple and Amazon will be closely watched. Third, economic data from China will indicate whether the economic recovery is gaining momentum. Fourth, Euro zone inflation and economic growth data will influence market bets for the European Central Bank to lower its deposit rate. Finally, the article mentions the traditional market adage of 'sell in May and go away,' which suggests that May is a good time to take profit on equities.

#MarketThemes #FederalReserve #TechEarnings #EconomicData #EuroZone #Equities

https://m.economictimes.com/markets/stocks/news/take-five-fed-straight-ahead/articleshow/109639421.cms


Non-compete clauses: Unenforceable under law, but companies love them
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Non-compete clauses are still included in employment contracts in India, despite being unenforceable under the law. Companies use them as a soft deterrent, especially for senior executives. Employees comply rather than face litigation costs and being sued by their previous employer. The US Federal Trade Commission recently banned non-compete clauses for US workers. Indian employees tend to be compliant with non-compete obligations due to the severe consequences of breach. Some employees may not know their rights, leading to the inclusion of non-compete clauses in contracts.

#NoncompeteClauses #EmploymentContracts #IndianLaw #UsFederalTradeCommission

https://m.economictimes.com/news/company/corporate-trends/non-compete-clauses-unenforceable-under-law-but-companies-love-them/articleshow/109633571.cms


Oil prices rise as US official eases market concerns over economic headwinds
==========

Oil prices rose as US Treasury Secretary Janet Yellen stated that the US economy is likely in a stronger position than indicated by weak first-quarter data. Brent crude futures gained 34 cents to $89.35 a barrel, and US West Texas Intermediate crude futures rose by 33 cents to $83.90 a barrel. Yellen mentioned that US GDP growth for the first quarter could be revised higher after more data is available, and inflation is expected to ease to more normal levels. The rise in oil prices was also influenced by geopolitical tensions in the Middle East, as Israel stepped up airstrikes on Rafah despite warnings of mass casualties.

#OilPrices #UsEconomy #EconomicHeadwinds #BrentCrudeFutures #WestTexasIntermediateCrudeFutures #JanetYellen #Inflation #GeopoliticalTensions #MiddleEast

https://m.economictimes.com/markets/commodities/news/oil-prices-rise-as-us-official-eases-market-concerns-over-economic-headwinds/articleshow/109608716.cms


Markets & Mandate: How would you prepare your portfolio for Modi 3.0?
==========

Nilesh Shah, MD & CEO of Kotak Mahindra Asset Management, discusses India's economic trajectory and the importance of consumer, digital, and physical economy sectors for the next 5 to 10 years. He compares India's economic model to that of the United States, emphasizing the need to follow the US template of wealth creation over a longer period of time rather than the rapid growth seen in China. Shah believes that India's positive market outlook post-COVID is unprecedented and that the country will continue to be a focus for global investors. He highlights the manufacturing sector as the biggest beneficiary of Modi 3.0 and emphasizes the need to create more jobs through manufacturing to raise incomes. Shah also mentions the consumer and digital sectors as important areas of growth in the coming years. He expects labor and agriculture reforms to be the main focus areas for Modi 3.0. Overall, Shah believes that the journey of wealth creation in India has only just begun and that the country has a head start in technology and digitalization.

#Modi30 #IndiaEconomy #ConsumerSector #DigitalSector #PhysicalEconomy #ManufacturingSector #LaborReforms #AgricultureReforms

https://m.economictimes.com/markets/expert-view/markets-mandate-how-would-you-prepare-your-portfolio-for-modi-3-0/articleshow/109556766.cms


India's sugar demand surges in heat wave and election season
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India's sugar consumption is expected to rise to 7.5 million tons, up 5% from last year, due to heat waves and election rallies boosting the consumption of ice cream and soft drinks. The higher demand is expected to lift total consumption this year to a record 29 million metric tons. The rise in consumption is temporary, with demand growth returning to a normal pace next year. The increased demand will lift local prices and boost margins for sugar producers such as Balrampur Chini, Shree Renuka Sugars, Bajaj Hindusthan, and Dwarikesh Sugar, helping them make cane payments on time to farmers. Maximum temperatures in many parts of India have risen above 40 degrees Celsius, and the weather department has forecasted that the country is likely to experience more heat-wave days than normal between April and June. India is currently hosting the world's largest election, in which nearly a billion people are eligible to vote. Political parties are holding large rallies, some attended by as many as 200,000 people, despite the sweltering heat. The rise in sugar consumption has already begun lifting sugar prices, which have risen nearly 3% in a fortnight. The government has allocated a higher quota for April compared to last year, but prices are still rising due to robust demand from bulk consumers.

#Sugar #Demand #HeatWave #ElectionSeason #Consumption #Prices #Producers #Farmers #Temperature #Elections

https://m.economictimes.com/news/economy/agriculture/indias-sugar-demand-surges-in-heat-wave-and-election-season/articleshow/109525665.cms


Pre-market action: Here's the trade setup for today's session
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The US will be releasing GDP and core PCE data this week. The net short of FIIs slightly increased from Rs 1.07 lakh crore on Friday to Rs 1.08 lakh crore on Friday. Equity markets maintained strength throughout Monday's session. The sentiment is expected to remain favorable for bulls as long as it stays above 22,150. India VIX fell 2.6% to settle at 12.70 levels. Stocks in F&O ban today include Hindustan Copper, Vodafone Idea, ZEE, PEL. Foreign portfolio investors turned net sellers at Rs 2915 crore on Monday. DIIs sold shares worth Rs 3,543 crore. Tata Consumer, among others, will announce their fourth quarter earnings on Tuesday.

#StockMarket #TradeSetup #EquityMarkets #Fiis #IndiaVix #F&oBan #Earnings

https://m.economictimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/109515262.cms


Dollar firm as US rates and earnings take centre stage
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The dollar ticked higher against the euro and yen in subdued trade after last week's volatility, with markets taking their lead from the Fed's higher-for-longer messaging and a firmer Wall Street ahead of results from megacap growth companies. Dollar/yen was steady on Monday, up 0.08% ahead of the Bank of Japan's (BOJ) policy review on Friday, trading at 154.75, a whisker away from last week's 34-year low of 154.79 and close enough to the 155-level that is next on traders' radars for possible intervention. The dollar's trade-weighted index was up 0.22% at 106.33, but off the five-month highs hit last week after comments from Federal Reserve officials and a run of hotter-than-expected inflation data forced a paring back of U.S. rate cut expectations. A cooling in Middle East tensions, which had driven the dollar, gold and oil sharply higher on Friday and battered stock markets, also helped temper volatility. The euro, which is heading for its biggest monthly drop against the dollar since January, was down 0.27% at $1.0628, while sterling fell 0.54% to $1.2302. Besides the BOJ meeting and earnings due from megacaps like Tesla on Tuesday, Meta on Wednesday and Microsoft, and Alphabet on Thursday, investors will get U.S. first-quarter GDP data on Thursday and the inflation metric the Fed targets, the personal consumption price expenditures (PCE) index.

https://m.economictimes.com/markets/forex/dollar-firm-as-us-rates-and-earnings-take-centre-stage/articleshow/109508592.cms


US stocks gain after Friday sell-off, Mideast tensions subside
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Wall Street's main indexes rose on Monday after steep losses in the previous session as easing Middle East tensions buoyed risk appetite. The Dow Jones Industrial Average was up 44.85 points, or 0.12%, at 38,031.25. The S&P 500 and the Nasdaq Composite also saw gains. Some megacap growth stocks like Meta Platforms, Amazon.com, and Apple edged higher. Nvidia rebounded from a previous drop. Major tech earnings and a key inflation print are expected this week. The easing of tensions in the Middle East also contributed to the risk-on mode in the market. Market participants are adjusting their interest rate cut expectations from the U.S. Federal Reserve after strong economic data signaling persistent inflationary pressures. The price consumption expenditure (PCE) index reading for March, the Fed's preferred inflation gauge, is expected to further ascertain the monetary policy trajectory. Fed policymakers are in a media blackout ahead of their latest policy meeting on May 1.

#UsStocks #MiddleEastTensions #TechEarnings #Inflation #InterestRateCut #FederalReserve

https://m.economictimes.com/markets/stocks/news/us-stocks-gain-after-friday-sell-off-mideast-tensions-subside/articleshow/109507191.cms


Kammou Taliat (You, My Beloved) -- Bombino
==========

The article discusses the song 'Kammou Taliat (You, My Beloved)' by Bombino, a Tuareg musician. The song features a contrapuntal melody and Bombino's distinct Tuareg music fused with electric guitar. The lyrics are in Tamasheq, and the song expresses love and longing. The article highlights Bombino's guitar playing as the standout element of the song.

https://m.economictimes.com/opinion/bliss-of-everyday-life/kammou-taliat-you-my-beloved-bombino/articleshow/109481529.cms


'Complete madness': Israel rebukes US over reported sanctions plan against IDF unit
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Israeli Prime Minister Benjamin Netanyahu and other officials have strongly criticized the United States for reportedly planning to impose sanctions on the Israel Defense Forces' (IDF) Netzah Yehuda battalion over alleged human rights violations. They describe it as a "dangerous precedent" and a "height of absurdity" during a time of conflict. The US decision, if implemented, would be the first time such action is taken against an Israeli military unit. Israeli leaders have emphasized the battalion's adherence to military and international law and expressed concern over the implications of the sanctions.

#Israel #Us #Idf #Sanctions #HumanRightsViolations

https://m.economictimes.com/news/defence/complete-madness-israel-rebukes-us-over-reported-sanctions-plan-against-idf-unit/articleshow/109479902.cms


Leaders of INDIA bloc are either in jail or bail: J P Nadda
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J P Nadda, the national president of the Bharatiya Janata Party (BJP), criticized the members of the INDIA bloc for dynastic politics and stated that they are either in jail or on bail. Nadda contrasted the BJP's approach, which allows ordinary people to rise and become leaders, with the dynastic parties in the INDIA bloc. He mentioned several leaders from these parties, including Farooq Abdullah, Omar Abdullah, Mufti Mohammad Sayeed, Mehbooba Mufti, Prakash Badal, Sukhbir Badal, the Chautala family, Mulayam Singh Yadav, Akhilesh Yadav, Dimple Yadav, Lalu Prasad Yadav, Rabri Devi, Tejashwi Yadav, Tej Pratap Yadav, Mamata Banerjee, Abhishek Banerjee, K Chandrashekar Rao, K T Rama Rao, Kavitha Kalvakuntla, M Karunanidhi, M K Stalin, Udayanidhi Stalin, Sharad Pawar, Supriya Sule, Uddhav Thackeray, and Aditya Thackeray. Nadda also highlighted the BJP's focus on eradicating corruption and lifting people out of poverty, as well as the party's achievements in the economy and manufacturing sector. He mentioned initiatives such as the PM Kisan Samman Nidhi, which provides financial support to farmers, and the growth of India's economy under Prime Minister Narendra Modi. Nadda was campaigning for the BJP candidate Pralhad Joshi in the Dharwad Lok Sabha constituency in Karnataka.

#JPNadda #Bjp #IndiaBloc #DynasticPolitics #Corruption #PovertyEradication #Economy #Manufacturing #PmKisanSammanNidhi #NarendraModi #Campaigning #DharwadLokSabhaConstituency #Karnataka

https://m.economictimes.com/news/elections/lok-sabha/karnataka/leaders-of-india-bloc-are-either-in-jail-or-bail-j-p-nadda/articleshow/109479948.cms


Moscow says US aid to Ukraine, Israel, Taiwan will 'exacerbate global crises'
==========

Moscow criticizes US aid to Ukraine, Israel, and Taiwan, stating that it will worsen global crises. Russia's presidential spokesman Dmitry Peskov claims that the aid to Ukraine will enrich the US and harm Ukraine. Maria Zakharova, a spokesperson for the Russian Foreign Ministry, describes aid for Kyiv as support for terrorist activities and interference in China's internal affairs. The US House of Representatives passed legislation providing aid to Ukraine and Israel, while also threatening a ban on TikTok if it fails to divest from Beijing.

#UsAid #Ukraine #Israel #Taiwan #GlobalCrises #Russia #DmitryPeskov #MariaZakharova #China #Tiktok

https://m.economictimes.com/news/defence/moscow-says-us-aid-to-ukraine-israel-taiwan-will-exacerbate-global-crises/articleshow/109469706.cms


Israel PM says US military aid vote 'defends Western civilization'
==========

Israeli Prime Minister expressed gratitude for the US Congress passing a $13 billion aid bill that demonstrates strong bipartisan support for Israel and defends Western civilization. The aid package is allocated for Israel's war against Hamas, despite international concern for the fate of civilians in Gaza. Israel Katz, the Minister of Foreign Affairs, stated that the vote on the aid package strengthens the ties and strategic partnership between Israel and the US and sends a strong message to their enemies. The Prime Minister thanked House Speaker and House Minority Leader Hakeem Jeffries for their support in passing the aid package.

#Israel #Us #MilitaryAid #BipartisanSupport #WesternCivilization #Hamas #Gaza

https://m.economictimes.com/news/defence/israel-pm-says-us-military-aid-vote-defends-western-civilization/articleshow/109469568.cms


A look at what's in the $95 billion foreign aid package passed by the House
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The $95 billion foreign aid package passed by the House includes about $61 billion for Ukraine and replenishing weapons stockpiles, $26 billion for supporting Israel and providing humanitarian relief for people in Gaza, and $8 billion for helping U.S. allies in the Indo-Pacific region and countering China. The package is expected to be passed by the Senate in the coming week. Speaker of the House Mike Johnson, R-La., proposed the package to aid Ukraine, Israel, and Taiwan. The overall amount provided to Ukraine for the purchase of weapons would be $13.8 billion, with more than $9 billion of economic assistance in the form of "forgivable loans." About $4 billion of the aid for Israel would be dedicated to replenishing its missile defense systems, and more than $9 billion would go toward humanitarian assistance in Gaza. The aid for U.S. allies in the Indo-Pacific region includes more than $3.3 billion for submarine infrastructure and development, and $1.9 billion to replenish U.S. weapons provided to Taiwan and other regional allies.

#ForeignAid #House #Ukraine #Israel #Gaza #Indopacific #China

https://m.economictimes.com/news/international/world-news/a-look-at-whats-in-the-95-billion-foreign-aid-package-passed-by-the-house/articleshow/109469233.cms


Kremlin: US House passage of Ukraine aid bill will hurt Ukraine, cause more deaths
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The Kremlin has expressed concern over the US House passage of a Ukraine aid bill, stating that it will lead to more damage and deaths in Ukraine. The bill includes $60.84 billion in aid, including $23 billion to replenish US weapons and stocks. The package now goes to the US Senate for expected approval next week. Kremlin spokesman Dmitry Peskov warned that the decision will make the US richer, ruin Ukraine, and result in more deaths. Former Russian President Dmitry Medvedev called the approval of US aid for Ukraine expected and grounded in 'Russophobia'. Russian Foreign Ministry spokeswoman Maria Zakharova criticized the approval of aid to Ukraine, Israel, and Taiwan, stating that it would deepen crises throughout the world. The Kremlin has been in conflict with Ukraine since invading it over two years ago.

#Kremlin #Ukraine #UsHouse #AidBill #DmitryPeskov #DmitryMedvedev #MariaZakharova

https://m.economictimes.com/news/international/world-news/kremlin-us-house-passage-of-ukraine-aid-bill-will-hurt-ukraine-cause-more-deaths/articleshow/109469290.cms


Apple says it was ordered to pull WhatsApp from China app store
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Apple says it complied with China's order to remove WhatsApp and Threads from its app store due to national security concerns. The Chinese government found content on WhatsApp and Threads about China's president, Xi Jinping, that was inflammatory and violated cybersecurity laws. Several other global messaging apps, including Signal and Telegram, were also removed from the Apple App Store in China. Apple stated that it follows the laws of the countries where it operates, even when it disagrees.

#Apple #China #Whatsapp #AppStore #NationalSecurity

https://m.economictimes.com/news/international/business/apple-says-it-was-ordered-to-pull-whatsapp-from-china-app-store/articleshow/109464415.cms


UFC schedule, date: Is there any MMA event tonight?
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UFC events during weekends are very popular and fans are curious to whether there will be an event this week or not. UFC Fight Night will be held on Las Vegas on April 27. The main event will be between Matheus Nicolau and Alex Perez for Flyweight category. This event will be available on ESPN+. UFC 301 will be held on May 4 in Rio de Janeiro. The event will be between Alexandre Pantoja and Steve Erceg for flyweight title. The event will be available on ESPN+ for pay-per-view. Alex Pereira knocked out Jamahal Hill and retained his light heavyweight title at UFC 300 in Las Vegas. Zhang Weili also prevailed in a title bout, holding on to her women's strawweight belt with a win over Yan Xiaonan. Max Holloway and Arman Tsarukyan won their lightweight fights, while Bo Nickal was victorious in middleweight action.

#Ufc #Mma #UfcFightNight #Ufc301 #Espn+

https://m.economictimes.com/news/international/us/ufc-schedule-date-is-there-any-mma-event-tonight/articleshow/109461347.cms


US sanctions 3 Chinese firms and one from Belarus for providing ballistic missile components to Pakistan
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The US has sanctioned three China-based companies and one from Belarus for supplying missile-related items to Pakistan's ballistic missile program. The named companies include Xi'an Longde Technology Development, Tianjin Creative Source International Trade, and Granpect Co. Ltd from China, and Minsk Wheel Tractor Plant from Belarus. These entities have engaged in activities that contribute to the proliferation of weapons of mass destruction by Pakistan. China has been the main supplier of arms and defense equipment to Pakistan. Minsk Wheel Tractor Plant supplied special vehicle chassis to Pakistan's long-range ballistic missile program. Xi'an Longde Technology Development Company Limited supplied missile-related equipment, including a filament winding machine, to Pakistan's long-range ballistic missile program. Tianjin Creative Source International Trade Co Ltd supplied missile-related equipment to Pakistan's long-range ballistic missile program. Granpect Company worked with Pakistan's SUPARCO to supply equipment for testing large-diameter rocket motors.

#UsSanctions #China #Belarus #Pakistan #BallisticMissileComponents

https://m.economictimes.com/news/defence/us-sanctions-3-chinese-firms-and-one-from-belarus-for-providing-ballistic-missile-components-to-pakistan/articleshow/109452795.cms


Tech jobs dwindle with India's top IT firms cutting workforce by 64,000
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India's top IT firms, including Infosys, Wipro, and TCS, have collectively reduced their workforce by almost 64,000 employees in the financial year ending in March. Infosys predicts a meagre 1% to 3% annual revenue growth, while Wipro anticipates a potential revenue decline of 1.5% in the June quarter. The reduction in headcount is attributed to the industry's corrective measures following the excessive hiring spree during the Covid pandemic and the ongoing contraction in demand. The US economy remains robust, but US enterprises are apprehensive about a possible economic slowdown or recession, impacting their IT investment decisions. The decline in headcount is also attributed to shifting demand dynamics and improved operational efficiency. The role of Gen AI in reshaping IT staffing demands is highlighted, with the potential elimination of routine-based testing and coding roles in the coming years. However, the expansion of global capability centers (GCCs) of multinational corporations in India continues to contribute to employment opportunities in the tech sector.

#ItIndustry #Workforce #RevenueGrowth #DemandDynamics #OperationalEfficiency #GenAi #GlobalCapabilityCenters

https://m.economictimes.com/jobs/fresher/tech-jobs-dwindle-with-indias-top-it-firms-cutting-workforce-by-64000/articleshow/109450106.cms


Worsening US debt outlook seen more in gold and bitcoin than in bonds
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Concerns about the rapidly rising U.S. government debt is driving surges in gold prices and bitcoin. The U.S. budget deficit widened to $1.7 trillion in 2023 and is projected to reach $2.6 trillion by 2034. U.S. government debt held by the public is on pace to reach a record 106% of GDP in 2028. The unchecked growth of U.S. government debt is gaining more attention as payments also take a larger bite of the government's budget. The worsening trajectory has boosted interest in bitcoin and gold as a hedge against the depreciating purchasing power of the U.S. currency. The rising debt and deficit are expected to lead to policies including yield curve control to prevent a debt crisis. Treasury market indicators show that bonds are not pricing in a worsening fiscal outlook. Treasury investors still see the dollar as the reserve currency and Treasuries as relatively safe. Bitcoin has been buoyed by new exchange-traded funds (ETFs) and is approaching a halving. Gold surge is driven by expectations of central bank cuts and purchases by foreign central banks diversifying their reserves. The worsening U.S. fiscal situation remains a key driver for some investors.

#UsDebt #Gold #Bitcoin #Bonds #FiscalOutlook #TreasuryMarket #YieldCurveControl

https://m.economictimes.com/markets/cryptocurrency/worsening-us-debt-outlook-seen-more-in-gold-and-bitcoin-than-in-bonds/articleshow/109439946.cms


Iran-Israel war or election jitters? Why FIIs decamped with Rs 20,000 crore in 4 days
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Foreign institutional investors (FIIs) withdrew Rs 20,000 crore in just 4 trading sessions amid rising bond yields, Iran-Israel war, and India-Mauritius tax tweak. The stress points for FIIs are the rising bond yields and a tweak in the India-Mauritius tax treaty. The Nifty has lost about 3.5% of its value in the last 5 days. Market expert Ajay Bagga predicts another 2-3% cut is possible. The main risk to India and other oil importers is the oil price. Brent crude oil prices have rallied around 14% so far in the calendar year and were last trading around the $88 a barrel mark. The US Treasury yields remain around the critical 4.55% mark. The yield on the benchmark 10-year bond in India had hit 7.2274%, the highest level since January 8. US Fed policymakers now agree that there is no rush to cut interest rates following strong growth in jobs and robust retail spending. Wall Street has begun to price in fewer and delayed rate cuts. Another issue haunting investors is the inking of a protocol to tweak a treaty to impose higher scrutiny on investments made in India via Mauritius. The impact of the amendment may be limited as the share of Mauritius funds in the total FPI equity assets under management is less than 6%.

#Fiis #BondYields #IranisraelWar #IndiamauritiusTaxTreaty #Nifty #OilPrices #UsTreasuryYields #UsFedRateCuts #MauritiusFunds

https://m.economictimes.com/markets/stocks/news/iran-israel-war-or-election-jitters-why-fiis-decamped-with-rs-20000-crore-in-4-days/articleshow/109427769.cms


US embassy in Israel tells employees to limit movement
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The US embassy in Israel has instructed its employees and their families to limit their movements following reports of an Israeli strike inside Iran. The embassy has restricted personal travel outside the greater Tel Aviv area, as well as the Jerusalem, Beersheva, and West Bank areas, due to security concerns. The advisory also states that the embassy may further restrict or prohibit travel to parts of Israel, Jerusalem's Old City, and the occupied West Bank.

#UsEmbassy #Israel #EmployeeMovements #SecurityConcerns

https://m.economictimes.com/news/international/world-news/us-embassy-in-israel-tells-employees-to-limit-movement/articleshow/109425996.cms


Iran's Progress Towards Nuclear Weapons
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Iran's nuclear program advancements prompt international concern. The 2015 deal collapse led to uranium enrichment violations, raising doubts about Iran's nuclear intentions and capabilities. Iran denies having a nuclear weapons program, but has breached all the key restrictions of the 2015 deal. It is now enriching uranium to up to 60% purity and has enough material for two nuclear weapons. The International Atomic Energy Agency (IAEA) can no longer fully monitor Iran's production and inventory of centrifuges. The question of weaponization and how long it would take Iran to produce the rest of a nuclear weapon remains uncertain. Estimates vary between months and about a year. Iran had a coordinated nuclear weapons program that it halted in 2003, but there are concerns about the correctness and completeness of Iran's safeguards declarations. There are no concrete indications of a secret enrichment site. Iran's "breakout time" to produce enough fissile material for a nuclear bomb is close to zero, likely a matter of weeks or days.

#Iran #NuclearWeapons #UraniumEnrichment #Iaea #Weaponization

https://m.economictimes.com/news/defence/irans-progress-towards-nuclear-weapons/articleshow/109417669.cms


Nagarro hits $1 billion revenue mark in FY23
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Nagarro, a Munich-based products engineering company, crossed the $1 billion revenue mark in financial year 2023, growing 9.4% year-on-year on a constant currency basis. The company's revenue increased from about $908 million in 2022. Nagarro aims to reach $10 billion in ten years and is focusing on AI, India, and sector transformations. Major clients include Lufthansa and New York City. The company sees opportunities for growth in markets beyond Europe and North America, particularly in India. Nagarro is investing in artificial intelligence to drive greater responsiveness, efficiency, creativity, personalization, and sustainability in every industry. The company is listed independently on the Frankfurt Stock Exchange and has more than doubled its revenue in the past three years. Two-thirds of its revenue comes from digital services, customer experience, and ecommerce offerings. The company has 18,000 employees, with 13,000 in India and 20 offices in the country.

#Nagarro #Revenue #FinancialYear2023 #Growth #Ai #India #Lufthansa #NewYorkCity

https://m.economictimes.com/tech/information-tech/nagarro-hits-1-billion-revenue-mark-in-fy23/articleshow/109336256.cms


Sensex declines 500 points on US rate cut outlook, Middle East tensions; Nifty below 22,200
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Indian equities declined following Asian markets, anticipating U.S. rate cut delay amidst Middle East tensions. BSE Sensex dropped 534 points, Nifty50 153 points. Leading decliners: NTPC, Bajaj Finance, Infosys, Axis Bank, TCS. The BSE Sensex was trading 534 points or 0.72% lower at 72,868. Nifty50 was trading at 22,119, down 153 points or 0.69% at around 9.17 am. Jio Financial Services rose 5% after the company entered into a new joint venture (JV) with U.S.-based BlackRock Inc to set up a wealth management and broking business in India. Asian markets opened lower on Tuesday, following a lower close in the Wall Street overnight, after stronger-than-expected U.S. retail sales data added to fading expectations of an early Federal Reserve rate cut.

#Sensex #Nifty #UsRateCut #MiddleEastTensions #Bse #Ntpc #BajajFinance #Infosys #AxisBank #Tcs #JioFinancialServices #Blackrock #AsianMarkets #WallStreet #FederalReserve

https://m.economictimes.com/markets/stocks/news/sensex-declines-500-points-on-us-rate-cut-outlook-middle-east-tensions-nifty-below-22200/articleshow/109331906.cms


Pakistan and IMF discussing new multi-billion-dollar program, finance minister says
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Pakistan is in discussions with the IMF for a new multi-billion-dollar loan agreement to support its economic reform program. The finance minister aims for an extended program post the $3 billion deal. The government plans structural reforms, navigates US-China trade tensions, and emphasizes privatization drive. Pakistan is nearing the end of a nine-month, $3 billion loan program with the IMF. The country has begun negotiations for a new multi-year IMF loan program worth "billions" of dollars. The finance minister expects to request a three-year program to execute the structural reform agenda. Pakistan is balancing its trading relationships with the US and China, as it has close economic ties with both countries. The government plans to scale up its role in the trade war, similar to Vietnam. Pakistan is also in the middle of a privatization drive, with Pakistan International Airlines being the first state-owned enterprise on the list for privatization. The finance minister expects the privatization to be completed by the end of June.

#Pakistan #Imf #LoanAgreement #EconomicReform #StructuralReforms #UschinaTradeTensions #Privatization

https://m.economictimes.com/news/international/world-news/pakistan-and-imf-discussing-new-multi-billion-dollar-program-finance-minister-says/articleshow/109331922.cms


Gold edges higher as Middle East tensions lift safe-haven appetite
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Gold prices ticked up on Tuesday, hovering near record-high levels, as fears of escalating tensions in the Middle East drove investors towards the safe-haven metal. Spot gold edged up 0.1% at $2,383.37 per ounce, as of 0103 GMT. Bullion hit an all-time high of 2,431.29 on Friday. Gold futures rose 0.7% to $2,400.00 per ounce. Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack on their country, as international pressure for restraint grew amid fears of an escalation of conflict in the Middle East. U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground. San Francisco Federal Reserve Bank President Mary Daly said there's no urgency to cut interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target. State Bank of Vietnam will restart gold bar auctions after an 11-year suspension, amid efforts to increase supply of the precious metal to market. Spot silver fell 0.1% to $28.86 per ounce, platinum rose 0.8% to $969.70 and palladium lost 0.8% at $1,027.06.

#Gold #MiddleEastTensions #Safehaven #Investors #Recordhigh #EscalatingTensions #PrimeMinisterBenjaminNetanyahu #Iran #Conflict #UsRetailSales #Economy #InterestRates #Inflation #StateBankOfVietnam #Silver #Platinum #Palladium

https://m.economictimes.com/markets/commodities/news/gold-edges-higher-as-middle-east-tensions-lift-safe-haven-appetite/articleshow/109329922.cms


Dollar firms after hot retail sales, yen languishes; China data awaited
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The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales. Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter. In the U.S., retail sales rose 0.7% last month, compared with the 0.3% rise that economists polled by Reuters had forecast. The latest data has raised more questions about when the Fed could begin cutting interest rates, following robust employment gains in March and a pick-up in consumer inflation. Markets are now pricing in a 41% chance of the Fed cutting rates in July, compared with around 50% before the data, according to CME FedWatch tool. The likelihood of the first cut coming in September has bumped up to nearly 46%. The U.S. dollar index touched 106.27, the highest since Nov. 2, after the data. The Japanese yen languished under the dollar's continued strength and large interest rate differential between the two countries, breaching 154 to hit a fresh 34-year low against the dollar on Monday. Traders were on high alert for signs of yen-buying intervention from Japanese authorities. With hedge funds building up their largest bets against the currency in 17 years, a rebound in the yen could trigger a significant rally. Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely watching currency moves and will take a "thorough response as needed" after the dollar surged to a fresh 34-year high. The yen last hovered around 154.29 per dollar, not far from the new resistance level of 155. Elsewhere, the euro brushed $1.06018, the weakest since Nov. 3, as it continued to slump after the European Central Bank last week left the door open to a rate cut in June. The Australian dollar also hit a fresh low against the greenback on Tuesday, dropping to its lowest since Nov. 14 at $0.6429. The kiwi fell 0.12% to a new five-month low of $0.593. The offshore Chinese yuan was mostly unchanged at 7.2620 per dollar ahead of the key economic data releases out of China. In cryptocurrencies, bitcoin last rose 0.05% to $63,171.00.

#Dollar #Yen #China #RetailSales #InterestRates #Currency #Economy

https://m.economictimes.com/markets/forex/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited/articleshow/109329819.cms


West Asia tensions give Dalal Street a headache
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India's key gauges, the Nifty and Sensex, slumped more than 1% each on Monday due to mounting concerns of an escalation in the West Asia conflict. The Nifty fell 246.9 points, or 1.1%, to 22,272.50, while the Sensex declined 845.12 points, or 1.14%, to 73,399.78. The rupee closed at 83.45 per US dollar, slightly weaker than 83.41/$1 on Friday. The banking and financial shares were among the biggest losers, with the Bank Nifty retreating 1.63%. Analysts do not expect a significant retreat for stocks just yet, as recent geopolitical issues involving Iran are unlikely to cause durable shortages in oil supplies. The yield on the 10-year benchmark bond closed flat at 7.18%. The Nifty's Volatility Index (VIX) jumped 8.1% to 12.47 during the day.

#DalalStreet #Nifty #Sensex #Rupee #BankingShares #GeopoliticalTensions #OilSupplies #BondYield #Vix

https://m.economictimes.com/markets/stocks/news/west-asia-tensions-give-dalal-street-a-headache/articleshow/109328804.cms


UFOs are threatening US maritime security? Shocking details emerge
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Retired Rear Admiral Tim Gallaudet has published a report highlighting the threat of unidentified objects along the seabed to US maritime security. The report emphasizes the nation's ignorance of these objects and their potential to cause serious incidents. In 2019, the USS Omaha recorded a UFO disappearing into the ocean without a trace, verified by the Pentagon. Gallaudet argues that studying these unknown objects is scientifically valid and urges early research. The 2019 incident remains unexplained by the Department of Defense. A UFO is an unidentified flying object that may be airborne or submerged in the ocean with unknown capabilities.

#Ufos #UsMaritimeSecurity #TimGallaudet

https://m.economictimes.com/news/international/us/ufos-are-threatening-us-maritime-security-shocking-details-emerge/articleshow/109320288.cms


Europe's largest money manager Amundi says bet on India, EM stock outside China for best returns
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Amundi, Europe's largest money manager, predicts that equities in India and emerging markets outside China will offer the most appealing returns in the next 10 years. The company has downgraded its predictions on U.S. market returns, stating that investors have fully priced in growth expectations. Amundi remains cautious about the Chinese economy and anticipates a 6.8% annual return on Chinese equities. Amundi manages over 2 trillion euros ($2.13 trillion) in assets.

#Amundi #India #EmergingMarkets #China #Equities #Investment

https://m.economictimes.com/markets/stocks/news/europes-largest-money-manager-amundi-says-bet-on-india-em-stock-outside-china-for-best-returns/articleshow/109307374.cms


Salman Khan's family member for the first time speaks about the shooting incident outside the actor's residence
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Salman Khan's father, Salim Khan, dismissed the gunshots as a publicity stunt and stated that there is no need to worry. Two unidentified individuals on motorcycles fired four shots outside Salman Khan's residence in Mumbai's Bandra area. Security measures have been heightened, and authorities are searching for the suspects. It is unknown whether Salman Khan was present during the incident. The police are collecting CCTV footage to identify the perpetrators. In the past, Salman Khan has received threats, and an FIR was registered against gangsters Lawrence Bishnoi and Goldy Brar. Maharashtra Chief Minister Eknath Shinde spoke with Salman Khan and assured support, stating that the government will not tolerate anyone taking the law into their hands.

#SalmanKhan #ShootingIncident #SecurityMeasures #PublicityStunt #Threats #MaharashtraChiefMinister

https://m.economictimes.com/magazines/panache/salman-khans-family-member-for-the-first-time-speak-about-the-shooting-incident-outside-the-actors-residence/articleshow/109304123.cms


How increasing earning and wealth have made personal financial decisions truly 'personal'
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Increasing earning and wealth have led to personal financial decisions becoming more individualized. The shift towards personal financial strategies catering to personal preferences is seen in various aspects of life, such as independent choices about lives, time, money, and interests. This shift is driven by a sense of security about money, which allows individuals to let go of fears and focus on the present. The flexibility in allocating money has also increased for small entrepreneurs, who now have a clearer understanding of their earnings and business cycles. However, despite the positive outcomes, there are still negative aspects related to money, such as entitled behaviors, crony capitalism, and exploitation. The transition towards equitable and transparent decision-making in personal finance is ongoing, but there is reason to celebrate the progress made so far.

https://m.economictimes.com/wealth/personal-finance-news/how-increasing-earning-and-wealth-have-made-personal-financial-decisions-truly-personal/articleshow/109263244.cms


Investors brace for a volatile week on D-Street
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Investors are preparing for increased volatility in the coming week due to heightened geopolitical tensions. The escalating conflict between Israel and Iran is expected to impact emerging-market risk assets and commodity supply chains. India's domestic markets, which are sensitive to global oil price movements, are likely to be affected as well. Investors are advised to shift their money to safe-haven assets like gold. On Friday, India's equity indices fell over 1% each due to hotter-than-expected US March inflation data and rising geopolitical risks. The US dollar's appeal as a safe-haven asset increased, resulting in a spike in US bond yields.

#Investors #Volatility #Dstreet #GeopoliticalTensions #Israel #Iran #EmergingmarketRiskAssets #CommoditySupplyChains #SafehavenAssets #Gold #EquityIndices #UsInflationData #UsBondYields

https://m.economictimes.com/markets/stocks/news/investors-brace-for-a-volatile-week-on-d-street/articleshow/109297638.cms


Design-driven demand: Global architects sought in India's luxury real estate
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India's luxury real estate market is experiencing a growing demand for global architects as design becomes a crucial selling factor for developers and a consideration for buyers seeking international living standards. Singapore's Andy Fisher Workshop, Eco-Id Architects, HBA Designs, New York's KPF and LERA consultants, Hong Kong's Ptang Studio, UHA London, and global firm Benoy are among the architects engaged in multiple residential projects across Delhi-NCR, Mumbai, Bengaluru, and Hyderabad. The luxury segment of housing, defined by apartments priced at '4 crore and above, saw a 75% YoY growth in sales in 2023. Developers collaborating with global architecture firms include Tata Realty, DLF, Tarc, Smartworld, MVN, and Elan. The trend also includes a focus on green spaces and landscaping in residential properties.

#India #LuxuryRealEstate #Architects #Design #Developers

https://m.economictimes.com/industry/services/property-/-cstruction/design-driven-demand-global-architects-sought-in-indias-luxury-real-estate/articleshow/109294144.cms


Rebel Moon Part 2 release date on Netflix, review: Is 'Rebel Moon Part 2: The Scargiver' better than Zack Snyder's first film?
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The release date for 'Rebel Moon Part 2: The Scargiver' on Netflix is Friday, April 19. The film is the second installment in Zack Snyder's 'Rebel Moon' series. Initial reviews suggest that the second part is more refined and action-packed than the first. 'Rebel Moon Part 1' premiered in December 2023. The film stars Sofia Boutella and Djimon Hounsou. Zack Snyder is known for his CGI extravaganzas like 'Man of Steel' and 'Justice League'.

#RebelMoonPart2 #Netflix #ZackSnyder #FilmReview

https://m.economictimes.com/news/international/us/rebel-moon-part-2-release-date-on-netflix-review-is-rebel-moon-part-2-the-scargiver-better-than-zack-snyders-first-film/articleshow/109293069.cms


Retail buying in Asia including India fuels gold price momentum: Goldman Sachs
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Goldman Sachs reports that increased retail buying in Asian markets, including India, and the surge in accumulation by Central Banks in emerging markets have led to an increase in gold prices worldwide. Gold has rallied by 17 percent over the past two months despite expectations of fewer Federal Reserve rate cuts and strong growth trends. Unconventional factors, supported by current macroeconomic policies and geopolitical tensions, have been pivotal in driving gold's bullish momentum. The anticipation of potential Federal Reserve rate cuts, US election cycle, and fiscal policies further reinforce the positive trajectory of gold prices. The report expects continued bullish momentum in gold prices, highlighting the influence of unconventional factors. However, higher gold prices pose challenges for consumers, particularly in countries like India where gold holds cultural significance and impacts the economy, affecting India's trade balance and deficit.

#GoldPrices #RetailBuying #Asia #India #GoldmanSachs

https://m.economictimes.com/industry/services/retail/retail-buying-in-asia-including-india-fuels-gold-price-momentum-goldman-sachs/articleshow/109290539.cms


Lok Sabha elections as good as rigged: Development economist Jean Dreze
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Development economist Jean Dreze has stated that the Lok Sabha elections in India are as good as rigged. He mentioned that the main opposition parties in the state, such as Jharkhand Mukti Morcha, Rashtriya Janata Dal, and the Congress, are systematically targeted, with their leaders facing scrutiny and harassment by central agencies. Dreze also highlighted the chronic failure of Indian democracy, stating that it is incompatible with the economic and social inequalities in the country. He recommended a radical overhaul of the schooling system in Jharkhand and revitalizing the National Rural Employment Guarantee Act (NREGA) to address poverty and backwardness in the state. Dreze emphasized the need for political leadership and a shift towards harnessing local resources for sustainable and equitable development.

#LokSabhaElections #JeanDreze #Jharkhand #OppositionParties #IndianDemocracy #Poverty #Backwardness

https://m.economictimes.com/news/elections/lok-sabha/india/lok-sabha-elections-as-good-as-rigged-development-economist-jean-dreze/articleshow/109288501.cms


Glenmark recalls 6,528 bottles of blood pressure drug in US
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Glenmark Pharmaceuticals is recalling 6,528 bottles of Diltiazem Hydrochloride extended-release capsules, a medication used to treat high blood pressure, in the US market. The recall is due to failed dissolution specifications in a long-term stability study. The affected lot, produced in India, is being recalled by Glenmark Pharmaceuticals Inc. The recall was initiated on March 26, 2024. India is the largest supplier of pharmaceuticals globally, with a 20% share in the global supply across 60 therapeutic categories.

#GlenmarkPharmaceuticals #BloodPressureDrug #Recall #DiltiazemHydrochloride #UsMarket #India

https://m.economictimes.com/industry/healthcare/biotech/pharmaceuticals/glenmark-recalls-6528-bottles-of-blood-pressure-drug-in-us/articleshow/109287094.cms


Ambedkar Jayanti 2024: Wishes, greetings, and quotes
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Bhimrao Ramji Ambedkar, popularly known as Babasaheb, was born on April 14, 1891. He was a significant figure in Indian history, championing the rights and dignity of marginalized communities. He was a lawyer, politician, scholar, and the chief architect of the Indian constitution. He was honored with India's highest civilian award, the Bharat Ratna. On Ambedkar Jayanti, people are encouraged to pay homage to his memory and uphold his legacy by advocating for equality, inclusivity, and dignity. The article provides a collection of images, quotes, cards, wishes, messages, greetings, pictures, and GIFs to share with loved ones on this occasion.

#AmbedkarJayanti #BhimraoRamjiAmbedkar #IndianHistory #Equality #Inclusivity #Dignity #BharatRatna

https://m.economictimes.com/news/new-updates/ambedkar-jayanti-2024-wishes-greetings-and-quotes/articleshow/109285198.cms


Silver price at lifetime high. Will the rally continue?
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Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. In the key MCX futures platform, prices reached an all-time high of Rs 84,515/kg last week, gaining about 12% in the last two weeks. The ongoing momentum-driven buying is likely to extend in the immediate run, driven by a robust rally in gold. Expectations of interest rate cuts, escalating geopolitical tensions, and enduring inflation concerns could help prices stay firm. However, it is less unlikely to register fresh lifetime highs in its key international market.

#SilverPrice #Rally #Gold #McxFutures #InterestRateCuts #GeopoliticalTensions #Inflation

https://m.economictimes.com/markets/commodities/news/silver-price-at-lifetime-high-will-the-rally-continue/articleshow/109284594.cms


9 deadly Iranian missiles that can target Israel and U.S. bases in the Middle East
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Iran has unveiled a range of missiles capable of crossing the Red Sea and striking prominent cities in Israel and U.S. bases in the Middle East. The missiles include the Sejjil missile, Khaibar missile, Emad missile, Shahab-3 missile, Ghadr-110 missile, Paveh missile, Fattah-2 missile, Kheibar Shekan missile, and Haj Qasem missile. These missiles have different ranges, payloads, and capabilities, and pose a significant threat to regional powers, particularly Israel. The ongoing conflict between Israel, the United States, and Iran continues to escalate tensions in the Middle East.

#Iran #Missiles #Israel #UsBases #MiddleEast

https://m.economictimes.com/news/international/us/9-iranian-missiles-that-can-target-israel-and-us-bases-in-the-middle-east/articleshow/109238016.cms


Israel attacked by Iran: India calls for restraint, issues statement
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India has issued a statement calling for restraint and de-escalation in the escalating tensions between Israel and Iran. The statement expresses concern over the hostilities between the two countries and emphasizes the need for peace and security in the region. India is closely monitoring the situation and its embassies in the region are in touch with the Indian community. The tensions began with Iran's drone strike on Israel in apparent retaliation for an attack on its embassy in Damascus. Iran's allies in the region, including Yemen's Huthi rebels, also joined the attack. The statement concludes by emphasizing the importance of maintaining security and stability in West Asia.

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https://m.economictimes.com/news/international/world-news/israel-attacked-by-iran-india-calls-for-restraint-issues-statement/articleshow/109281364.cms