Biden cuts weekend trip short for urgent Middle East consultations
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President Biden cut short a weekend trip to Delaware on Saturday for urgent consultations in Washington on the growing tensions in the Middle East. Iran has vowed retaliation after an Israeli strike on April 1 leveled an Iranian diplomatic building in Damascus, killing seven members of the Revolutionary Guards, including two generals. US officials have warned of a significant attack on Israel in response. Tensions escalated further when Iran's Revolutionary Guards seized a container ship near the Strait of Hormuz. The White House called on Iran to release the vessel and its crew immediately. The Strait of Hormuz is a crucial shipping route for global oil consumption. The top US commander for the Middle East traveled to Israel for talks on security threats earlier this week.

#Biden #MiddleEast #Iran #Israel #Tensions #RevolutionaryGuards #StraitOfHormuz #Shipping #SecurityThreats

https://m.economictimes.com/news/international/world-news/biden-cuts-weekend-trip-short-for-urgent-middle-east-consultations/articleshow/109276383.cms


Los Angeles Lakers vs New Orleans Pelicans live streaming, start time, where to watch NBA game
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The Los Angeles Lakers will play against the New Orleans Pelicans in an NBA game on Sunday. The match will be live telecast on ESPN. CJ McCollum and the New Orleans Pelicans are aiming for a positive outcome to boost their playoffs chances. LeBron James and Anthony Davis led the Lakers to a win against the Memphis Grizzlies. The Lakers are already assured of making the Western Conference play-in round of the postseason. The game will take place on Sunday, April 14.

#Nba #LosAngelesLakers #NewOrleansPelicans #LiveStreaming #StartTime #Espn

https://m.economictimes.com/news/international/us/los-angeles-lakers-vs-new-orleans-pelicans-live-streaming-start-time-where-to-watch-nba-game/articleshow/109276246.cms


Tiger Woods makes Masters history with 24th consecutive cut
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Tiger Woods defies odds at the Masters, showcasing his unwavering determination and skill. His remarkable performance and endurance under tough conditions highlight his legendary status in the world of golf. Woods battled out an even 72 on Friday, prevailing from what felt like a constant exchange of heavyweight punches. He has never missed a cut at the Masters as a professional, reaching the weekend for a record 24th consecutive time. Woods surpassed Gary Player and Fred Couples to take sole possession of another monumental record. The weather at Augusta on Friday was challenging, with gusts of up to 30 miles per hour. Many golfers struggled, including Justin Thomas, Wyndham Clark, Brian Harman, Bubba Watson, Jordan Spieth, Sergio Garcia, and Dustin Johnson, who were all cut. Woods played a bruising round, but managed to stay in contention. He expressed his determination to win the tournament and his gratitude for the opportunity to compete.

#TigerWoods #Masters #Golf

https://m.economictimes.com/news/sports/tiger-woods-makes-masters-history-with-24th-consecutive-cut/articleshow/109275754.cms


Did OJ Simpson make any confession before passing away? Family breaks silence
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OJ Simpson's family has revealed that he did not make any deathbed confession before passing away from cancer. The former NFL star passed away at the age of 76 after a long battle with the disease. Despite his controversial past, including being charged with murdering his ex-wife in 1994, there were no significant revelations made by Simpson in his final moments. Simpson had a successful NFL career, playing for teams like the Buffalos and the San Francisco 49ers, and achieving the NFL Most Valuable Player title. After retiring, he appeared in films and television and worked as a sports broadcaster.

#OjSimpson #Nfl #DeathbedConfession #Cancer

https://m.economictimes.com/news/international/us/did-oj-simpson-make-any-confession-before-passing-away-family-breaks-silence/articleshow/109275219.cms


Work-from-home era is bad for thieves. They find a new target
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The number of burglaries in the US fell 9.8% last year, marking the 12th consecutive annual decline and the 29th in the last 35 years. Adjusted for population, burglaries are down 86% since 1980, 52% since 1960, and 29% since just before the pandemic in 2019. The decline in burglaries is attributed to improved home security, including internet-linked alarm systems and doorbell cameras. The work-from-home trend has also contributed to the decline in burglaries, as burglars try to avoid dwellings with people in them. The percentage of paid workdays worked from home more than doubled in the US from the early 2000s to 2019. A study in England and Wales found that neighborhoods with residents more likely to work from home experienced steeper burglary declines. The decline in burglaries has resulted in economic gains and improved well-being for communities. However, there has been an increase in online property crime during the pandemic.

#Burglaries #Workfromhome #HomeSecurity #CrimeRates

https://m.economictimes.com/news/international/world-news/work-from-home-era-is-bad-for-thieves-they-find-a-new-target/articleshow/109274972.cms


Are Israel and Iran headed for a war? Know what can happen
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The Middle East conflict between Israel and Iran is escalating, with Iran threatening to attack Israel and Israel preparing for potential direct assault. The conflict stems from a suspected Israeli strike on an Iranian consular building in Syria that killed 12 people. The situation poses risks of wider conflict and economic impact, including inflationary pressures in the global economy. The United States has expressed support for Israel and warned Iran not to proceed. Iran has seized an Israel-linked ship near the Strait of Hormuz. The state of play involves threats and calls for restraint from various countries, including the US, Russia, Germany, and Britain. The conflict has spread across the Middle East, with Iran-backed groups declaring support for the Palestinians and waging attacks from Lebanon, Yemen, and Iraq. The exact nature of Iran's retaliation remains uncertain, but experts suggest that Iran has various options, including direct attacks on Israeli targets or deniable strikes through armed groups it backs. The conflict has the potential to escalate into a wider war, with implications for global oil prices and inflation. The Reserve Bank of India has cited the conflict as a risk to price stability and has maintained its policy interest rates. The situation is fluid, and miscalculations could lead to unintended consequences.

#Israel #Iran #War #MiddleEast #Conflict #Retaliation #Escalation #EconomicImpact #Inflation #GlobalEconomy #StraitOfHormuz #UnitedStates #Russia #Germany #Britain #OilPrices #ReserveBankOfIndia

https://m.economictimes.com/news/india/are-israel-and-iran-headed-for-a-war-know-what-can-happen/articleshow/109273932.cms


US blacklists four Chinese tech apps for helping military in China
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The US Commerce Department has blacklisted four Chinese companies for supplying AI chips to China's military. The blacklisted companies are Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co. China denies the allegations and vows to take necessary steps to safeguard its interests. The US has also imposed export restrictions on five other companies accused of aiding drone production for Russia and Iran.

#UschinaTensions #ChineseTechCompanies #MilitaryTechnology

https://m.economictimes.com/news/international/world-news/us-blacklists-four-chinese-tech-apps-for-helping-military-in-china/articleshow/109262878.cms


US, Japan, Philippines trilateral deal to change dynamic in South China Sea, Marcos says
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Philippine President Ferdinand Marcos Jr. highlighted the significance of a cooperation agreement between the Philippines, the United States, and Japan, stating that it would change the dynamic in the South China Sea and the region. The agreement, following the first trilateral summit between the nations, aimed to deepen economic and security relations without targeting any specific country. Marcos emphasized that the summit's focus was on enhancing cooperation rather than confrontation. The three leaders expressed "serious concerns" about China's "dangerous and aggressive behavior" in the South China Sea. China claims almost the entire South China Sea despite a 2016 ruling by the Permanent Court of Arbitration found Beijing's sweeping claims had no legal basis. Philippine and Chinese ships have had a series of run-ins in the past month. Marcos expressed confidence that around $100 billion in possible investment deals over the next five to 10 years from the summit will come into fruition. Marcos also met with Defense Secretary Lloyd Austin, who assured him of continued U.S. support.

#SouthChinaSea #Philippines #UnitedStates #Japan #CooperationAgreement #SecurityRelations #China

https://m.economictimes.com/news/defence/us-japan-philippines-trilateral-deal-to-change-dynamic-in-south-china-sea-marcos-says/articleshow/109262600.cms


U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel
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U.S. Steel shareholders have approved the $14.9 billion acquisition of the company by Japan's Nippon Steel. Over 98% of votes favored the deal, which will see Nippon pay $55 per share. The acquisition has faced political opposition due to national security concerns, but President Biden has expressed the need for U.S. Steel to remain domestically owned. The deal is expected to face scrutiny from regulators and criticism from the United Steelworkers union. Nippon has pledged no job cuts and plans to move its U.S. headquarters to Pittsburgh.

#UsSteel #NipponSteel #Acquisition #Shareholders #PresidentBiden #Regulators #UnitedSteelworkers #JobCuts #Pittsburgh

https://m.economictimes.com/news/international/business/u-s-steel-shareholders-approve-14-9-bln-buyout-by-nippon-steel/articleshow/109260645.cms


Chinese firms helping military get AI chips added to US export blacklist
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The United States has added four Chinese companies to an export blacklist for supplying AI chips to China's military. The companies are involved in providing AI chips to China's military modernization programs and military intelligence users. China criticizes the US actions, emphasizing normal economic cooperation with Russia. The US also restricted exports to five companies that were helping produce and procure drones for use by Russia in Ukraine and by Iran-backed Houthis in Red Sea shipping attacks. China opposes the US abusing the export blacklist and other export control tools to contain and suppress Chinese companies.

#UschinaTrade #AiChips #ExportBlacklist #China'sMilitary #Russia'sMilitary #Drones #ChinausRelations

https://m.economictimes.com/tech/technology/chinese-firms-helping-military-get-ai-chips-added-to-us-export-blacklist/articleshow/109233593.cms


US quarterly earnings to feature big growth in tech-related companies
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Big technology-related company earnings are expected to lead S&P 500 profit growth in the upcoming US reporting period. Analysts expect S&P 500 companies to report earnings increased 5% in Q1 2024 from a year earlier. Earnings from some big US banks start the reporting period, followed by results from Netflix, Procter & Gamble, UnitedHealth, and Travelers Cos. Earnings for the communication services sector are forecast to have risen 26.7% from a year ago, while the technology sector is expected to have climbed 20.9% in Q1. Investors remain optimistic about artificial intelligence, with the Nasdaq reaching a record high close in late February. The S&P 500 is up roughly 9% year to date but down about 1% so far for April. The US Labor Department reported strong consumer price readings, leading some investors to believe the Fed might delay cutting rates until September. Energy, materials, and healthcare sectors are expected to have had the biggest declines in earnings year-over-year in Q1. Profit growth for all of 2024 is seen at 9.8%.

#UsQuarterlyEarnings #TechrelatedCompanies #S&p500 #EarningsGrowth #TechnologySector #CommunicationServicesSector #ArtificialIntelligence #Nasdaq #ConsumerPriceReadings #Fed #ProfitGrowth

https://m.economictimes.com/markets/stocks/news/us-quarterly-earnings-to-feature-big-growth-in-tech-related-companies/articleshow/109231363.cms


Oil consolidates gains amid concerns of worsening Middle East crisis
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Oil prices held steady in early Asian trading on Thursday after gaining a dollar a barrel in the prior session as investors braced for a worsening of the crisis, potentially involving Iran, the third-largest oil producer in OPEC. Brent crude futures advanced by 4 cents to $90.52 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude futures were up 2 cents at $86.24 a barrel. Both contracts rose more than 1% in the prior session after three sons of a Hamas leader were killed in an Israeli airstrike in Gaza, feeding worries that ceasefire talks between the two sides might stall. Furthermore, the region is on alert for possible Iranian retaliation over a suspected Israeli air strike on Iran's embassy in Syria at the start of the month. A Bloomberg report on Wednesday said the U.S. and its allies believe major missile or drone strikes by Iran or its proxies against Israel are imminent. U.S. Secretary of State Antony Blinken has told Israeli Defense Minister Yoav Gallant that the United States will stand with Israel against any threats by Iran, the U.S. State Department said later on Wednesday. "The market has become increasingly concerned that the Israel-Hamas war could escalate across the Middle East, putting oil at risk," ANZ analyst Daniel Hynes said. Oil traders will also be looking out for a monthly oil market report from the Organization of the Petroleum Exporting Countries (OPEC) due to be published later on Thursday, and the IEA's oil market report due on Friday.

#Oil #MiddleEast #Crisis #Iran #Opec

https://m.economictimes.com/markets/commodities/news/oil-consolidates-gains-amid-concerns-of-worsening-middle-east-crisis/articleshow/109211485.cms


Invesco plans to exit MF business in India
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US asset manager Invesco plans to sell its remaining 40% stake in its Indian mutual fund business to IndusInd International Holdings (IIHL) as part of its plan to exit the Indian market. Invesco can exercise the put option to sell its stake over the next three years, but not within the next 18 months due to a lock-in clause. Invesco's exit from the mutual fund business in India will prevent it from re-entering the market for two years. The deal also requires Invesco to settle a securities law violation case with the Securities and Exchange Board of India (SEBI). IIHL has valued Invesco Asset Management India at Rs 2,100-2,500 crore. Invesco entered India's mutual fund industry in 2012 and is currently the fifth largest foreign player in the country.

#Invesco #MutualFunds #India #IndusindInternationalHoldings #Exit #SecuritiesLawViolation #Sebi

https://m.economictimes.com/mf/mf-news/invesco-plans-to-exit-mf-business-in-india/articleshow/109205104.cms


China labels US comments on Taiwan and AUKUS 'dangerous'
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China's government has criticized comments by a senior U.S. diplomat that the submarine project between Australia, Britain, and the United States could help deter any Chinese move against Taiwan. China claims Taiwan as its own territory and views foreign interference in the issue as a threat to peace and stability in the region. The U.S., Britain, and Australia formed the AUKUS pact in 2021 to push back against China's growing power in the Indo-Pacific region. China has called the AUKUS pact dangerous and warned it could spur a regional arms race.

#China #Taiwan #Aukus #Us #Diplomacy #SubmarineProject

https://m.economictimes.com/news/defence/china-labels-us-comments-on-taiwan-and-aukus-dangerous/articleshow/109186182.cms


PM Narendra Modi has become face of India; development and economy improved: Congressman Sherman
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US Congressman Brad Sherman praises PM Narendra Modi for India's economic progress since 2014. Sherman highlights the strengthening of the India-US relationship and advocates for stronger trade relations and a fair business environment in India. He also mentions the challenge posed by India's defense relationship with Russia. Sherman has been working on the India-US relationship for the last 28 years and emphasizes the need for an Indian consulate in Los Angeles.

#PmNarendraModi #IndiausRelationship #EconomicProgress #TradeRelations #FairBusinessEnvironment #DefenseRelationship #Russia #IndianConsulate

https://m.economictimes.com/news/india/pm-narendra-modi-has-become-face-of-india-development-and-economy-improved-congressman-sherman/articleshow/109184534.cms


AI PCs running LLMs without net to solve data privacy issues: Dell executive
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Artificial intelligence-powered personal computers are enabling users to run large language models (LLMs) without the need for WiFi/internet or cloud processing, mitigating concerns over data privacy, according to Raj Kumar Rishi, vice-president and managing director of consumer & small business at Dell Technologies. Dell has unveiled its AI-enabled laptop range powered by Intel's latest three-part core processor with a CPU, GPU, and NPU (neural processing unit). The laptops, targeted towards professionals, creators, gamers, and students, can run LLM applications such as Stable Diffusion, Adobe Premiere Pro, and Audacity more efficiently. Dell's newest AI consumer portfolio will also offer upgrades such as auto framing during video conferencing and visual enhancements of images and noise reduction. However, experts believe that PC brands will not see mass adoption in 2024 due to factors such as high pricing and limited usability of AI applications.

#AiPcs #DataPrivacy #Dell #Llms #Wifi #Internet #CloudProcessing #Laptop #Intel #Cpu #Gpu #Npu #StableDiffusion #AdobePremierePro #Audacity

https://m.economictimes.com/tech/technology/ai-enabled-pcs-enable-users-to-run-llm-apps-without-internet-dell-executive/articleshow/109169435.cms


AI SaaS cloud platform Neysa bags $20 million from Matrix Partners India, others
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Mumbai-based AI startup Neysa has raised $20 million in a funding round led by Nexus Venture Partners and NTTVC. The funds will be used to expand infrastructure, strengthen the research and development team, and support sales and marketing. Neysa, founded in 2023 by Sharad Sanghi and Anindya Das, offers a suite of generative AI platform and services to help clients manage their AI projects. The company plans to launch its platform in July and aims to become a global company in the future.

#AiStartup #Neysa #MatrixPartnersIndia #Funding #NexusVenturePartners #Nttvc

https://m.economictimes.com/tech/funding/ai-startup-neysa-raises-20-million-in-funding-from-matrix-partners-others/articleshow/109168862.cms


AI compute mission best served by marketplace model, say experts
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Experts suggest that the AI compute mission in India should be served through a marketplace model, where private players compete to offer hardware, cloud solutions, and other services. The government's role would be to enable and facilitate this marketplace, rather than acquiring and installing GPUs themselves. The government could acquire compute capacity from hyperscalers and offer it at subsidized rates to startups and researchers. However, experts caution that the government should only buy and install capacities for critical areas like defense research, while leaving the market forces to handle the deployment of GPUs. Private investors and capital allocators are better suited to take these bets, and the government should focus on providing subsidies and becoming a customer for Indian servers. The government's AI marketplace model is seen as an appropriate approach to support startups, research institutions, and other vendors in the AI ecosystem.

#AiCompute #MarketplaceModel #Government #PrivatePlayers #Hardware #CloudSolutions #SubsidizedRates #Startups #Researchers #Hyperscalers #Gpus #DefenseResearch #IndianServers #AiEcosystem

https://m.economictimes.com/tech/tech-bytes/marketplace-model-best-option-for-govt-to-offer-ai-compute-capacity-to-innovators-say-experts/articleshow/109169175.cms


America's Old Tryst With Kinich Ahau
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On Monday, millions of people in the US observed a celestial spectacle of a total solar eclipse, invoking the Mayan god Kinich Ahau. The eclipse was visible in parts of Mexico, 15 US states, and eastern Canada. The path of totality spanned over 161 km, moving from Mexico's Pacific coast to Canada. The religious fervor was evident as people took out their mobile phones to click pictures of the eclipse. This event showcases the connection between modern America and ancient Mayan traditions.

#SolarEclipse #MayanGod #KinichAhau #AncientTraditions

https://m.economictimes.com/opinion/just-in-jest/americas-old-tryst-with-kinich-ahau/articleshow/109173007.cms


Bullish on BFSI, manufacturing; don’t see Indian IT sector growing at 10-12% next year: Rohit Agarwal
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Rohit Agarwal, Senior Fund Manager at Kotak Mahindra Life Insurance, predicts a 6-7% growth for largecap Indian IT companies next year. Current valuations already account for this growth. Agarwal believes the BFSI and manufacturing sectors are still good investment opportunities. He is cautious about projecting a 10-12% growth for the Indian IT sector next year. Metals are seen as cyclical rather than structural, and the FMCG sector has underperformed due to interest rate hikes and economic factors.

#ItSector #Bfsi #Manufacturing #IndianEconomy

https://m.economictimes.com/markets/expert-view/bullish-on-bfsi-manufacturing-dont-see-indian-it-sector-growing-at-10-12-next-year-rohit-agarwal/articleshow/109159546.cms


View: India needs more leaders like Manmohan Singh
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Manmohan Singh, the former Prime Minister of India, retired from public life after a distinguished career spanning various key roles. Singh's leadership and economic reforms played a pivotal role in India's growth story. Singh successfully managed an unwieldy coalition and implemented reforms that pushed India closer to his vision for the country. Singh's caution and realism are especially relevant in today's uncertain times. India must continue to earn economic growth through reforms and pro-growth policies. Singh's generation had a clear sense of the delicate nature of the Indian project and the need to balance growth with unity and democracy. Singh's personal story and achievements speak to his strength and careful wielding of power. Singh's vision for India as a bastion of liberal democracy and economic success should be celebrated.

#ManmohanSingh #India #Leadership #EconomicReforms #Growth

https://m.economictimes.com/news/india/view-india-needs-more-leaders-like-manmohan-singh/articleshow/109153758.cms


March marks yet another record in global heat
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March 2024 was the warmest March on record globally, marking the 10th consecutive month of record-breaking temperatures. The 12-month period ending in March also ranked as the hottest on record, with the global average temperature being 1.58 degrees Celsius above pre-industrial levels. The European Union's Copernicus Climate Change Service reported that each of the last 10 months ranked as the world's hottest on record. The primary cause of the exceptional heat were human-caused greenhouse gas emissions. Other factors pushing up temperatures include El Nino, which peaked in December-January and is now weakening. Despite El Nino easing in March, the world's average sea surface temperature hit a record high, and marine air temperatures remained unusually high. Failure to reduce greenhouse gas emissions will continue to drive the warming of the planet, resulting in more intense droughts, fires, heatwaves, and heavy rainfall.

https://m.economictimes.com/news/international/world-news/march-marks-yet-another-record-in-global-heat/articleshow/109152528.cms


No need to stagger investment; put in lump sum in some of the hybrid strategies: Lakshmi Iyer
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Lakshmi Iyer, CEO of Kotak Investment Advisors, suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. She discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. Iyer points out that after 20 years, the future price of copper is trading about $100 higher and the seasonality of food prices will continue to weigh on sentiments. She also mentions that the US jobs data indicates no sense of urgency to cut rates yet. Iyer advises investors to consider equity savings or balanced advantage strategies for augmenting fixed income returns and recommends having a skew towards largecap stocks in an equity portfolio. She expects bond yields to have a slight uptick in the near term but does not anticipate a massive selloff. Iyer suggests adding credit risk to fixed income portfolios and locking in opportunities for short-term investments. She also mentions the importance of rebalancing and reallocating strategies in the current market.

#Investment #Equity #Debt #Inflation #BondYields #Copper #FoodPrices #UsEconomy #FixedIncome #LargecapStocks #CreditRisk #Rebalancing

https://m.economictimes.com/markets/expert-view/no-need-to-stagger-investment-put-in-lump-sum-in-some-of-the-hybrid-strategies-lakshmi-iyer/articleshow/109151547.cms


US-China tensions fragmenting trade and investment, IMF finds
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Trade flows between a US-aligned group and another linked more closely to China have declined by about 12% more than trade between countries within the same bloc since Russia’s full-scale invasion of Ukraine in 2022. Foreign direct investment projects fell by around 20% more between blocs than within blocs over the same period. The global economy is showing signs of dividing between US- and China-centered blocs, though the dynamics differ from the Cold War with less overall fragmentation and a greater role for non-aligned economies. Many non-aligned economies are benefiting from a new status as "connector" economies between the two blocs. The IMF has warned that economic damage from fragmentation may sacrifice as much as 7% of global GDP in the long term.

#UschinaTensions #Trade #Investment #Imf #Fragmentation

https://m.economictimes.com/small-biz/trade/exports/insights/us-china-tensions-fragmenting-trade-and-investment-imf-finds/articleshow/109151086.cms


Russia playing "dangerous game": US calls on Moscow to withdraw military from Ukraine's Zaporizhzhia nuclear plant
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The United States has called on Russia to withdraw its military and civilian personnel from the Zaporizhzhia nuclear power plant in Ukraine. The US is monitoring the conditions at the plant following a reported drone attack, which has not compromised nuclear safety. The US State Department spokesperson stated that Russia is playing a dangerous game with its military seizure of the plant, the largest in Europe. The Zaporizhzhia nuclear plant has VVER-1000 V-320 reactors and houses spent nuclear fuel. The facility is near the front lines, raising concerns about a potential nuclear accident. Russia and Ukraine have frequently accused each other of assaulting the plant.

#Russia #Ukraine #ZaporizhzhiaNuclearPlant #NuclearSafety #DroneAttack

https://m.economictimes.com/news/international/world-news/russia-playing-dangerous-game-us-calls-on-moscow-to-withdraw-military-from-ukraines-zaporizhzhia-nuclear-plant/articleshow/109148272.cms


Strategy reset under new Tata Digital boss; subscription play for Ola, Uber autos
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Naveen Tahiliyani, the new CEO of Tata Digital, is implementing a strategy reset by cutting costs and adopting a data-driven approach. He is fostering collaboration and participation from other group companies. Ola and Uber are launching subscription plans for auto-rickshaw drivers, replacing the traditional commission-based model. The subscription plans could potentially bypass the 5% goods and services tax (GST) applicable on auto-rickshaw rides. The Ministry of Electronics and Information Technology (MeitY) has formed working groups to develop guidelines for IoT, data safety, and digital education. Legal experts believe the proposed AI law in India will protect the interests of content creators and achieve a balance between publishers and developers of generative AI models.

#TataDigital #Ola #Uber #Autorickshaw #SubscriptionPlans #Meity #Iot #DataSafety #AiLaw

https://m.economictimes.com/tech/newsletters/morning-dispatch/strategy-reset-at-tata-digital-subscription-play-for-ola-uber-autos/articleshow/109148108.cms


Ahead of Market: 10 things that will decide D-Street action on Tuesday
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The Nifty 50 ended flat at 22,513 points, and the pattern on the daily chart suggests that the index is consolidating after a sharp run-up. India's blue-chip indices climbed to all-time highs on Monday. The NSE Nifty 50 rose 0.68% to 22,666.30, while the S&P BSE Sensex added 0.67% to 74,742.50. The 50-member Nifty has hit a record high 19 times this year. The benchmark S&P 500 and the Nasdaq struggled for direction in early trading on Monday. European shares edged up on Monday, led by Germany's DAX. The STOXX 600 index was up 0.2%. The MACD showed bullish trade on zero counter. The MACD showed bearish signs on the counters of Exide Industries, Info Edge, PNC Infratech, AmaraRaja Batteries, Sundaram Finance, and Nykaa among others. Most active stocks in value terms were Tata Motors, HDFC Bank, ICICI Bank, Reliance Industries, and Axis Bank. Most active stocks in volume terms were Tata Motors, Adani Ports, Wipro, ONGC, and HDFC Bank. Shares of Eicher Motors, Tata Motors, M&M, NTPC, Shriram Finance, and Tata Steel witnessed strong buying interest. Only two stocks Bata India and Dabur India hit their 52-week lows on Monday. Overall, market breadth favoured bears as 1,898 stocks ended in the green, while 2,033 names settled in the red.

#StockMarket #Nifty50 #S&pBseSensex #S&p500 #Nasdaq #EuropeanShares #Macd #ActiveStocks #BuyingInterest #52weekLows #MarketBreadth

https://m.economictimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-d-street-action-on-tuesday/articleshow/109140453.cms


China may disrupt elections in India using AI, warns Microsoft
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Microsoft warns of China's potential use of AI to disrupt elections in India, the US, and South Korea; Recent activities in Taiwan's presidential election raise concerns; Chinese cyber groups, including Beijing-backed Storm 1376, may target upcoming high-profile elections; Microsoft anticipates that Chinese state-backed cyber groups, along with North Korean involvement, will target high-profile elections in 2024; AI-generated TV news anchors spread misinformation, highlighting evolving cybersecurity challenges in safeguarding democratic processes.

#China #Ai #Elections #India #Microsoft

https://m.economictimes.com/news/elections/lok-sabha/india/china-may-disrupt-elections-in-india-using-ai-warns-microsoft/articleshow/109135055.cms


Pre-market action: Here's the trade setup for today's session
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The Nifty is expected to undergo further consolidation in the upcoming sessions, encountering resistance around the 22,700-22,800 levels. Support is expected around the 22,400-22,300 range. The net short of FIIs increased from Rs 33,628 crore on Thursday to Rs 35,190 crore on Friday. Benchmark indices logged a third week of gains, ending the first week of FY25 on a positive note. The outlook for the market will be guided by major global and domestic economic data, including CPI and IIP data, US inflation numbers, jobless claims, among others. India VIX, a measure of fear in the markets, rose 1.05% to settle at 11.34 levels. US stocks finished higher on Friday after a strong jobs report. FPIs were net sellers at Rs 1,136 crore for the fourth straight day on Thursday. DIIs sold shares worth Rs 893 crore. The rupee rose 8 paise to close at 83.31 against the US dollar. The article provides information on stock prices, IPOs, and other market trends.

#Nifty #Fiis #BenchmarkIndices #MarketOutlook #IndiaVix #UsStocks #Fpis #Diis #Rupee #StockPrices #Ipos

https://m.economictimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/109116817.cms


Glacial inflation slowdown set to back US Fed rate-cut caution
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The March core consumer price index is expected to rise 0.3% from a month earlier after a 0.4% advance in February. The core price gauge is projected to have climbed 3.7% from a year ago, marking the smallest gain since April 2021. US consumer-price data is projected to show a slowdown in underlying inflation, supporting the US Federal Reserve's cautious approach to lowering interest rates. Fed officials are waiting for a clearer indication that inflation is slowing before reducing borrowing costs. The central bank is expected to hold rates steady at its next meeting on April 30-May 1.

#UsFederalReserve #Inflation #InterestRates

https://m.economictimes.com/news/international/world-news/glacial-inflation-slowdown-set-to-back-us-fed-rate-cut-caution/articleshow/109112806.cms


Israel reduces troops in south Gaza, Egypt to host new talks
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Israel has withdrawn more soldiers from southern Gaza, leaving just one brigade, as it and Hamas send teams to Egypt for fresh talks over a potential ceasefire in the six-month conflict. Israel has been reducing numbers in Gaza since the start of the year to relieve reservists and is under growing pressure from its ally Washington to improve the humanitarian situation, especially after last week's killing of seven aid workers. Both Israel and Hamas confirmed they were sending delegations to Egypt. However, Israeli Prime Minister Netanyahu warned that Israel would not bend to foreign pressure and give in to "extreme demands." Hamas says an agreement must secure a complete and comprehensive ceasefire, full withdrawal of forces from areas occupied after Oct. 7, and freedom of movement of residents across the Gaza Strip. It was unclear whether the troop reduction in south Gaza would delay a long-threatened incursion into the city of Rafah, which Israel says is needed to eliminate Hamas but anxious foreign powers have said could wreak an unacceptable toll on civilians.

#Israel #Gaza #Egypt #Ceasefire #Hamas

https://m.economictimes.com/news/defence/israel-reduces-troops-in-south-gaza-egypt-to-host-new-talks/articleshow/109111993.cms


Unemployment 'imposed by BJP' biggest issue in Lok Sabha polls: Kharge
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Congress President Mallikarjun Kharge criticizes BJP for the imposed unemployment crisis in Lok Sabha elections, proposing 'Pehli Naukri Pakki' under 'Yuva Nyay' to combat the issue. The party's manifesto focuses on justice pillars and promises various reforms, aiming to address key societal concerns. Kharge claims that unemployment is the biggest issue in the Lok Sabha elections and that the youth are struggling to find jobs. He cites the case of India's premier institutes, IITs and IIMs, where a significant number of students are not getting regular placements. The rate of youth unemployment under the Modi government has tripled since 2014. The Congress party has introduced the 'Pehli Naukri Pakki' guarantee under 'Yuva Nyay', which grants diploma or degree holders below the age of 25 a legal right to demand employment and a minimum annual salary of Rs 1 lakh. The Congress manifesto focuses on five "pillars of justice" and 25 guarantees, including the right to apprenticeship, a legal guarantee on the minimum support price (MSP) for crops, and a constitutional amendment to raise the cap on reservations for SCs, STs, and OBCs.

#Unemployment #LokSabhaPolls #Congress #Bjp #Youth #Employment #Manifesto #Reforms

https://m.economictimes.com/news/elections/lok-sabha/india/unemployment-imposed-by-bjp-biggest-issue-in-lok-sabha-polls-kharge/articleshow/109105202.cms


Bitcoin-Ether ratio flashes potential warning about crypto rally
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The ratio between the price of Bitcoin and Ether has reached its highest level since April 2021, indicating a possible waning of risk appetite in the crypto market. This could be an early signal of fear replacing FOMO (fear of missing out) if Ether is seen as a proxy for sentiment towards smaller tokens. Bitcoin reached a record high in mid-March but has since retreated about 9%, while smaller digital assets have slumped even more. Analysts suggest that a potential Bitcoin top and a loss of appetite for cryptocurrencies could signal a weaker market overall. Traders are now awaiting the Bitcoin halving event, which reduces new supply of the token, to see if it will have a bullish impact. Bitcoin is currently trading at $67,825, while Ether is at $3,340.

#Bitcoin #Ether #CryptoRally #RiskAppetite #Fomo #Sentiment #BitcoinHalving

https://m.economictimes.com/markets/cryptocurrency/bitcoin-ether-ratio-flashes-potential-warning-about-crypto-rally/articleshow/109099960.cms


Mexico breaks diplomatic ties with Ecuador over embassy raid
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Mexico's government ended diplomatic ties with Ecuador after police broke into the Mexican Embassy in Quito to arrest former Ecuadorian vice president Jorge Glas, who had been residing there since December.

#Mexico #Ecuador #DiplomaticTies #EmbassyRaid #JorgeGlas

https://m.economictimes.com/news/international/world-news/mexico-breaks-diplomatic-ties-with-ecuador-over-embassy-raid/podcast/109099969.cms


Wheel Of Fortune: Pat Sajak to remain a part of the show after farewell episode| Details
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Pat Sajak, the host of 'Wheel of Fortune' since 1983, will retire after 40 years. His final episode will air on June 7, 2024. Ryan Seacrest will succeed Sajak as the host starting in the fall of 2024. Sajak will continue to be associated with the show as a consultant for three years after his retirement. The show 'Wheel of Fortune' originated in 1975 and has become one of the most-watched shows on television. Sajak and co-host Vanna White have been the faces of the show since 1983.

#WheelOfFortune #PatSajak #RyanSeacrest

https://m.economictimes.com/news/international/us/wheel-of-fortune-pat-sajak-to-remain-a-part-of-the-show-after-farewell-episode-details/articleshow/109094577.cms


US, China to launch exchanges on balanced growth, money laundering, Yellen says
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US Treasury Secretary Janet Yellen and Chinese Vice Premier Hi Lifeng have agreed to launch exchanges on balanced growth in domestic and global economies. The exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and Yellen intends to advocate for a level playing field for American workers and firms. Yellen's top priority during her visit to China was to persuade Chinese officials to rein in excess production capacity for electric vehicles, solar panels, and other clean energy technology. Chinese state media pushed back on her arguments, calling them a pretext for protectionist US policies. Yellen and Hi Lifeng also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Yellen is expected to speak with reporters later on Saturday.

#Us #China #BalancedGrowth #MoneyLaundering #Yellen

https://m.economictimes.com/markets/stocks/news/us-china-to-launch-exchanges-on-balanced-growth-money-laundering-yellen-says/articleshow/109083049.cms


Inside Big Tech's underground race to buy AI training data
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Tech giants like Google, Meta, and Microsoft-backed OpenAI are racing to buy AI training data. They initially used scraped data from the internet for free to train generative AI models like ChatGPT. They now face lawsuits from copyright holders. Photobucket, a former image-hosting site, is in talks with multiple tech companies to license its 13 billion photos and videos for AI training. Rates discussed range from 5 cents to $1 per photo and more than $1 per video. Tech companies are also quietly paying for content behind paywalls and login screens. The opaque AI data market is estimated to be around $2.5 billion and could grow to $30 billion in a decade. AI model makers are securing data-supply chains through deals with content owners and data brokers. Dedicated AI data firms are emerging, licensing real-world content and building networks of contract workers. Concerns are raised about user privacy and the risk of personal data being used in AI models without consent. Licensing old internet archives raises ethical issues.

#AiTrainingData #TechGiants #GenerativeAiModels #Photobucket #DataDeals #DataBrokers #UserPrivacy #EthicalConcerns

https://m.economictimes.com/tech/technology/inside-big-techs-underground-race-to-buy-ai-training-data/articleshow/109079254.cms


'The Mandalorian & Grogu': Release date and all you may like to know
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Disney's 'The Mandalorian & Grogu' will be released on May 22, 2026. The original 'Star Wars' film was released on May 25, 1977. The film will revolve around Mandalorian bounty hunter Din Djarin and Grogu, the Force-wielding alien infant. It will also feature characters like Bo-Katan Kryze, Ahsoka Tano, and Grand Admiral Thrawn. The last major 'Star Wars' film released was 'Star Wars: The Rise of Skywalker' in 2019.

#TheMandalorian #Grogu #StarWars #Disney #ReleaseDate #Film

https://m.economictimes.com/news/international/us/the-mandalorian-grogu-release-date-and-all-you-may-like-to-know/articleshow/109079039.cms


India's exports register healthy growth to European, Latin American nations in 2023
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India's merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria. Indian exporters made further inroads in European and Latin American nations in 2023, registering healthy growth in countries such as Romania, Montenegro, Austria, and Guatemala. India's merchandise export rose 2.1 per cent to the European Union (EU) in 2023. India's export trade expansion has been impressive in spite of global challenges in 2023. Similarly, in Latin American countries, India's exports registered high growth in 2023 in Cuba, Uruguay, Paraguay, Guyana, Peru, Mexico, and Guatemala. The increased merchandise exports to Iraq, Saudi Arabia, and the UAE in 2023 underscores India's ability to navigate adverse economic conditions and capitalize on export opportunities. Economic think-tank Global Trade Research Initiative (GTRI) have stated that India's exports and imports have dipped 2.6 per cent to USD 1,609 billion in 2023 compared to USD 1,651.9 billion in 2022.

#India #Exports #EuropeanNations #LatinAmericanNations #Trade #EconomicGrowth

https://m.economictimes.com/news/economy/foreign-trade/indias-exports-register-healthy-growth-to-european-latin-american-nations-in-2023/articleshow/109065356.cms


Gold prices touch record high after Powell's comments
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Gold prices reached a record high after comments made by Powell. Spot gold was up 0.1% at $2,300.53 per ounce, hitting a record high of $2,302.29 earlier in the session. Bullion has hit record highs consecutively since last Thursday. Hedge funds capped the first quarter with gains across different strategies, as a rally in stocks, some commodities, and the dollar helped the industry weather a less shiny period for bonds. Traders are pricing in a 62% probability that the Fed will begin cutting rates in June. Russia's finance ministry said it would more than double its purchases of foreign currency and gold in the month ahead. Spot silver edged up 0.1% to $27.24 per ounce, platinum rose 0.2% to $938.93, and palladium gained 0.9% to $1,022.50.

#Gold #Commodities #Powell #FederalReserve #HedgeFunds #Russia #Silver #Platinum #Palladium

https://m.economictimes.com/markets/commodities/news/gold-prices-touch-record-high-after-powells-comments/articleshow/109019269.cms


Flaring crude, US yields push rupee to lowest close of 83.44
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The Indian rupee closed at a record low of 83.44 per US dollar on Wednesday, sliding from 83.38 on Tuesday. The rupee has depreciated 0.3% against the US dollar so far in 2024. The depreciation is attributed to flaring crude oil prices and higher US yields. The Reserve Bank of India (RBI) has intervened intermittently to stabilize the rupee. Brent crude futures for June gained 0.8% on Wednesday, trading at over $90 per barrel. Higher crude oil prices could widen India's trade deficit as the country is a large importer of the commodity. Open interest for aggregate futures in the dollar-rupee pair for April declined 16.9% while that for the euro-rupee pair plunged 37% on Wednesday.

#IndianRupee #CrudeOilPrices #UsYields #TradeDeficit #BrentCrudeFutures #ReserveBankOfIndia

https://m.economictimes.com/markets/forex/flaring-crude-us-yields-push-rupee-to-lowest-close-of-83-44/articleshow/109018160.cms


Baltimore ship accident has East Coast ports scrambling to absorb cargo
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The fallout from the deadly bridge collapse in Baltimore has caused the closure of the nation's 17th-largest port and the busiest gateway for vehicles. Neighboring ports along the US East Coast are modifying their operations to absorb the diverted cargo. Ports such as Norfolk, New York, and Charleston are expected to handle the additional cargo. The closure of the Baltimore port is expected to have ripple effects across the eastern US, impacting various industries and businesses. The timeline for reopening the Baltimore channel is unknown, but efforts are being made to clear the debris and establish a temporary alternate channel. The closure of the port highlights the need for more resilience and self-sufficiency in supply chains. While the immediate aftermath of the bridge collapse can be absorbed by neighboring ports, the longer-term impact is expected to be more severe.

#Baltimore #ShipAccident #EastCoastPorts #Cargo #BridgeCollapse #SupplyChains

https://m.economictimes.com/small-biz/trade/exports/insights/baltimore-ship-accident-has-east-coast-ports-scrambling-to-absorb-cargo/articleshow/108931077.cms


Dollar steady as PCE data sets up June rate cut bets; yen in focus
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The dollar remains steady as the personal consumption expenditures (PCE) price index rose 0.3% in February, slightly below economists' forecast of a 0.4% rise. This data has bolstered bets that the Federal Reserve could cut rates in June. The yen is also in focus as it hovers near 152 per dollar, raising concerns about potential intervention by Japanese authorities. Markets are now pricing in a 68.5% chance of a rate cut in June and traders are expecting a total of 75 basis points of cuts this year. Citi strategists predict that the Fed could deliver three rate cuts this year, but a further softening in labor markets could lead to five rate cuts. The euro and sterling are slightly higher against the dollar, while the dollar index remains close to a six-week high. In the cryptocurrency market, bitcoin and ether have both seen gains. The yen touched a 34-year low against the dollar last week, prompting speculation of intervention by Japanese authorities. Japan's plans for the yen remain uncertain, but Finance Minister Shunichi Suzuki has warned against excessive currency movement and said he would respond appropriately.

#Dollar #PceData #RateCut #FederalReserve #Yen #CurrencyMarket #Intervention #Euro #Sterling #Bitcoin #Ether

https://m.economictimes.com/markets/forex/dollar-steady-as-pce-data-sets-up-june-rate-cut-bets-yen-in-focus/articleshow/108928623.cms


6 Daniel Kahneman principles to follow to avoid losing money
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Daniel Kahneman, a renowned psychologist, identified six principles to help investors avoid big money losses. The principles include: 1) The Halo Effect, which refers to the tendency to like everything about a person or management towards which investors have an affinity; 2) The law of small numbers, which involves jumping to big conclusions about a stock based on limited data or sample; 3) Sunk cost fallacy, which is the tendency to keep investing in something even when it is past its prime; 4) Illusion of pundits, which is the belief in star commentators' ability to predict market movements; 5) Loss aversion, which is the preference for sure-shot but sub-optimal returns over high returns with a slight chance of loss; and 6) Overconfidence, which leads investors to believe that they won't experience losses. These principles can help investors make better decisions and avoid significant financial losses.

#DanielKahneman #Investment #FinancialDecisions #LossAversion #Overconfidence

https://m.economictimes.com/wealth/save/6-daniel-kahneman-principles-to-follow-to-avoid-losing-money/articleshow/108889362.cms


No holding back D-St from records, even if FPIs are holding back
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Foreign investors are bullish about India's prospects but are holding back due to uncertainty over the US Federal Reserve's interest rate actions and the upcoming National Elections. Lower interest rates in the US benefit emerging market equities like India. In March, foreign investors bought Indian equities worth ₹35,286.31 crore. However, April is expected to witness fewer deals and IPOs due to earnings and election season. Market participants believe that domestic flows and moderate foreign inflows will propel Indian equities to new highs in the new financial year.

#ForeignInvestors #IndianEquities #InterestRates #UsFederalReserve #NationalElections

https://m.economictimes.com/markets/stocks/news/no-holding-back-d-st-from-records-even-if-fpis-are-holding-back/articleshow/108927730.cms


Wednesday season 2 release date on Netflix: Will it premier this year?
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'Wednesday' season 2 release date on Netflix is eagerly awaited. Jenna Ortega's acting received accolades from critics and audience alike. The new season won't grace screens in 2024. Production won't conclude until November 2024. The show is unlikely to return until the spring of 2025 at the earliest. 'Wednesday' season 2 will be streaming on Netflix. There will be a second season of 'Wednesday'.

#WednesdaySeason2 #Netflix #JennaOrtega

https://m.economictimes.com/news/international/us/wednesday-season-2-release-date-on-netflix-will-it-premier-this-year/articleshow/108925098.cms


'Godzilla x Kong: The New Empire' OTT streaming, digital release date: Where and how to watch online?
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'Godzilla x Kong: The New Empire' OTT streaming and digital release date are yet to be officially announced. The film is a follow-up to the 2021 blockbuster 'Godzilla vs. Kong' and promises jaw-dropping visual effects, action sequences, and a riveting storyline. Warner Bros. typically waits 60 to 90 days after the theatrical premiere before making the movie available on its streaming platform, so fans can expect the film to hit Max in May or June. The film will also be available for purchase and rental on digital video-on-demand platforms like Amazon Prime Video and YouTube TV approximately 45 days after its theatrical debut, with the earliest availability expected in May. 'Godzilla x Kong: The New Empire' has been released in theaters worldwide.

#GodzillaXKongTheNewEmpireOnlineReleaseDate #GodzillaXKongTheNewEmpireReleaseDate #GodzillaXKongTheNewEmpireOtt #GodzillaXKongTheNewEmpireStreamingDate #GodzillaXKongTheNewEmpire

https://m.economictimes.com/news/international/us/godzilla-x-kong-the-new-empire-ott-streaming-digital-release-date-where-and-how-to-watch-online/articleshow/108924828.cms


India reaches out to critical mineral producers for processing technology
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India has reached out to key critical mineral producers, including the United States, Australia, United Kingdom, South Korea, Japan, Brazil, and Argentina, for processing technology. The move comes as India plans to develop its first critical mineral beneficiation and processing plant in the next 3-5 years. The country's advanced chemistry cell manufacturing industry requires 193 thousand tons of cathode active material annually to produce 100 GW hour annum of batteries by 2030. Critical minerals such as cobalt, graphite, lithium, and rare earth elements are essential for manufacturing components of electric vehicles and are used in various sectors. India defined its own list of 30 critical minerals in June 2023.

#India #CriticalMinerals #ProcessingTechnology #ElectricVehicles #Batteries

https://m.economictimes.com/industry/indl-goods/svs/metals-mining/india-reaches-out-to-critical-mineral-producers-for-processing-technology/articleshow/108924719.cms


PlayStation 5, Xbox X/S, PC, Nintendo Switch video games: Check what's new for gamers
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Xbox X/S, PlayStation 5, Nintendo Switch, and PC gamers can play a number of new games this week. Some of the new video games include 'Turbo Golf Racing', 'South Park: Snow Day!', and 'Open Roads'. These games are available on PlayStation 5, Xbox X/S, Nintendo Switch, and PC platforms. The gaming community is buzzing with excitement and anticipation for these new releases.

#Playstation5 #XboxX/s #Pc #NintendoSwitch #VideoGames #Gamers

https://m.economictimes.com/news/international/us/playstation-5-xbox-x/s-pc-nintendo-switch-video-games-check-whats-new-for-gamers/articleshow/108923442.cms


RBI may hold rate yet again to focus on inflation management, say experts
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Experts predict that the Reserve Bank of India (RBI) will keep the key interest rate unchanged in April to focus on bringing down inflation. The RBI's rate-setting panel, the Monetary Policy Committee (MPC), is expected to consider global cues and the stance of major economies like the US and UK. The meeting of the MPC, headed by RBI Governor Shaktikanta Das, is scheduled for April 3-5, with the decision to be announced on April 5. The RBI last hiked the interest rate to 6.5% in February 2023 and has held it at the same level in its last six bi-monthly policies. Inflation is still around 5%, and there are concerns about future shocks on the food inflation front. The GDP growth in FY24 has been better than expected, but the central bank will continue to focus on targeting inflation. The government has mandated the RBI to ensure that consumer price index (CPI) based inflation remains at 4% with a margin of 2% on either side.

#Rbi #InterestRate #Inflation #MonetaryPolicyCommittee #GdpGrowth

https://m.economictimes.com/news/economy/policy/rbi-may-hold-rate-yet-again-to-focus-on-inflation-management-say-experts/articleshow/108915710.cms


C3iHub launches startup cohorts III, IV and V to back cybersecurity firms
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C3iHub has launched startup cohorts III, IV, and V to support cybersecurity firms. The program has already supported 50 startups across five cohorts, focusing on cyber-physical systems, network security, and more. The organization aims for a 20% success rate among startups after the two-year incubation period.

#C3ihub #Startup #Cybersecurity

https://m.economictimes.com/tech/technology/c3ihub-launches-startup-cohorts-iii-iv-and-v-to-back-cybersecurity-firms/articleshow/108882491.cms


Monitoring ICT import restrictions, rising content takedown requests since 2021: USTR
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The US Trade Representative (USTR) has reported that since 2021, US firms have faced an increasing number of takedown requests for content and user accounts that appear politically motivated. The USTR continues to monitor and raise concerns with India regarding the restriction of imports of certain information and communications technology (ICT) products. The report also highlights concerns over India's customs system, lack of clarity on definitions related to brand owners and date markings, and barriers to digital trade such as data storage requirements. The US has called for clear guidelines and instructions for quality control orders and a government procurement policy in India. The report also mentions the lack of transparency and uniform notice and comment procedures in new laws and regulations.

#IctImportRestrictions #ContentTakedownRequests #UsTradeRepresentative #India #CustomsSystem #DigitalTrade #GovernmentProcurement

https://m.economictimes.com/news/economy/foreign-trade/monitoring-ict-import-restrictions-rising-content-takedown-requests-since-2021-ustr/articleshow/108882722.cms


US inflation increases moderately in February; consumer spending surges
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US inflation increased moderately in February, with the PCE price index rising by 0.3%. Consumer spending also surged, with personal consumption expenditures (PCE) jumping 0.8% last month. In the 12 months through February, PCE advanced 2.5%. Core inflation increased 2.8% year-on-year in February. The Federal Reserve is monitoring these price measures for its 2% inflation target and anticipates three rate cuts this year. Financial markets expect the first rate reduction in June.

#UsInflation #ConsumerSpending #PcePriceIndex #FederalReserve #InterestRateCut

https://m.economictimes.com/news/international/world-news/us-inflation-increases-moderately-in-february-consumer-spending-surges/articleshow/108880009.cms


In Beijing, Dutch PM Mark Rutte raises cyberespionage with China's Xi Jinping
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Dutch Prime Minister Mark Rutte discussed an incident of cyberespionage attributed to China with President Xi Jinping during their talks in Beijing. The Netherlands publicly attributed cyberespionage to China for the first time, as tensions between the two countries grow. The cyberespionage incident involved Chinese state-backed cyber spies gaining access to a Dutch military network. The Dutch intelligence agency MIVD identified the incident as part of a trend of Chinese political espionage against the Netherlands and its allies. The discussions between Rutte and Xi also touched on the restrictions of exports of high-tech semiconductor equipment made by Dutch company ASML to China. Beijing denies allegations of cyberespionage and opposes all forms of cyberattack. US and British officials have recently filed charges and imposed sanctions on China, accusing it of a sweeping cyberespionage campaign.

#DutchPmMarkRutte #China #Cyberespionage #Netherlands #Asml #XiJinping

https://m.economictimes.com/tech/technology/in-beijing-dutch-pm-raises-cyberespionage-with-chinas-xi/articleshow/108843463.cms


Ukraine destroys 26 Russian drones in latest overnight strike
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Ukrainian forces shot down 26 out of 28 Russian drones launched overnight by Kyiv's military. The Zaporizhzhia region's governor said two women were wounded when debris struck a residential neighborhood. Prosecutors in the Kharkiv region reported damage to a restaurant, store, and offices from three drones. The air force stated that Russia's attack included several types of missiles, with those launched from planes over the Black Sea losing their combat capability. Russia has been conducting regular air strikes on population centers in Ukraine.

#Ukraine #Russia #Drones #Military #AirStrikes

https://m.economictimes.com/news/international/world-news/ukraine-destroys-26-russian-drones-in-latest-overnight-strike/articleshow/108871366.cms


Ukraine says Russian drone, missile attacks damage power facilities
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Russian missile and drone strikes targeted thermal and hydro power plants in central and western Ukraine, causing damage to the power infrastructure. Ukrenergo confirmed the attacks, and regional officials reported attacks in Kamianske near Dnipro. Ukrainian energy minister German Galushchenko confirmed attacks in Dnipropetrovsk, Poltava, and Cherkasy regions. The largest private power firm DTEK said its three thermal power plants were attacked. Ukrainian power distributor Yasno said DTEK lost about 50% of its capacity after being hit by Russian missile and drone attacks.

#Ukraine #Russia #PowerFacilities #MissileAttacks #DroneAttacks

https://m.economictimes.com/news/international/world-news/ukraine-says-russian-drone-missile-attacks-damage-power-facilities/articleshow/108869726.cms


Top world court orders Israel to ensure urgent aid reaches Gazans
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The International Court of Justice has ordered Israel to ensure more food and urgent humanitarian assistance reaches Gazans to prevent famine. The court warned that famine is already setting in after nearly six months of war. The United Nations has repeatedly stated that the besieged territory is on the brink of a man-made famine and has blamed Israel's restrictions for causing high levels of hunger and deprivation. Israel has been told to take all necessary and effective measures to ensure the supply of urgently needed basic services and humanitarian assistance. The war began with Hamas's attack on October 7, resulting in about 1,160 deaths in Israel, mostly civilians. Israel's retaliatory campaign has killed at least 32,552 people in Gaza, mostly women and children. The war has also led to heavy fighting and sustained bombardments, causing significant damage to hospitals and the health system in Gaza.

#Israel #Gaza #InternationalCourtOfJustice #HumanitarianAid #Famine #UnitedNations #War #Hamas

https://m.economictimes.com/news/international/world-news/top-world-court-orders-israel-to-ensure-urgent-aid-reaches-gazans/articleshow/108868353.cms


JPMorgan says US stocks are so crowded they may crack at any time
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JPMorgan's chief global equity strategist, Dubravko Lakos-Bujas, warns that excessive crowding in the market's best-performing stocks raises the risk of an imminent correction. Lakos-Bujas encourages investors to consider diversifying their holdings and thinking about risk management in their portfolios. He points out that historically, high degrees of crowding have led to significant corrections in the market. JPMorgan holds the lowest year-end target on the S&P 500 of 4,200, implying a drop of nearly 20% from current levels.

#UsStocks #MarketCorrection #Jpmorgan

https://m.economictimes.com/markets/stocks/news/jpmorgan-says-us-stocks-are-so-crowded-they-may-crack-at-any-time/articleshow/108848383.cms


Yellen warns China's industry ramp-up is distorting world economy
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US Treasury Secretary Janet Yellen criticized China's use of subsidies to give its manufacturers a competitive advantage in key industries, stating that it is distorting the world economy. Yellen highlighted China's heavy subsidies to electric-car, battery, and solar producers, and expressed concern over China's desire for global domination in these industries. She also mentioned China's track record of causing overinvestment and overcapacity in industries like steel and aluminum. Yellen plans to raise these issues during her upcoming visit to China. The European Commission has already launched a probe into Chinese government subsidies and is considering imposing additional tariffs. Yellen emphasized the need for constructive dialogue with China and understanding the concerns without resorting to retaliation. She also highlighted the impact of China's industrial surplus on American firms and workers, as well as firms and workers worldwide. Yellen's remarks were made during her visit to a US solar-cell manufacturing facility in Georgia, which had shut down in 2017 due to cheap imports from China. The facility is set to reopen this spring with the help of incentives from the Inflation Reduction Act.

#China #Subsidies #GlobalEconomy #Overinvestment #Overcapacity #Steel #Aluminum #ElectricVehicles #Batteries #SolarEnergy

https://m.economictimes.com/small-biz/trade/exports/insights/yellen-warns-chinas-industry-ramp-up-is-distorting-world-economy/articleshow/108836677.cms


Dali delivered Ikea furniture, flooring before Baltimore crash
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The container ship Dali delivered furniture, flooring, and other goods to Baltimore before crashing into the Francis Scott Key Bridge. The ship was carrying containers from China, Thailand, South Korea, and Vietnam to the US East Coast. The full shipping list includes importers such as Ikea, XCMG North America, Kubota Tractor Corp., and Electrolux AB. Close to 7,000 metric tons of goods arrived in Baltimore. The ship was headed for Colombo when it ran into the bridge. Docks in New Jersey and Virginia may face increased traffic as a result.

#ContainerShip #Baltimore #Furniture #Flooring #SupplyChain

https://m.economictimes.com/small-biz/trade/exports/insights/dali-delivered-ikea-furniture-flooring-before-baltimore-crash/articleshow/108836671.cms


Studying middle-aged brain can give us clues to dementia
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Scientists from Johns Hopkins and the University of Mississippi have analyzed the presence of inflammatory molecules in the blood of middle-aged adults and were able to predict future cognitive change 20 years down the line. The brain's clock starts speeding up during middle-aging, which may predict future health. The brain goes through accelerating change during this period, with structures like the hippocampus shrinking and white matter connections losing volume. Detecting changes in the brain can be done through readily available and cost-effective blood tests. Middle age could be a period to detect early risk factors of future cognitive decline and intervene. The global population aged 60 and over is set to double by 2050, leading to an increase in dementia cases. The focus has been too much on the brain in old age, but middle age could be a critical period to detect early risk factors. Biological age is more informative about future health than age in terms of years lived. Physical exercise and blood-borne messengers can oppose the effects of time on the brain. The contents of blood may cause the brain to age, as cells and organs slowly deteriorate and the immune system starts the process of inflammation. Biological age can be estimated with cost-effective tests used in the clinic. The brain's communication networks start deteriorating faster during middle age, especially those involved in memory. The brain's communication networks allow us to perform complex tasks like decision-making. The brain seems to peak in this regard by middle age, but then the network "cliques" start to break up.

#Brain #MiddleAge #Dementia #CognitiveDecline #Inflammation #Hippocampus #WhiteMatter #BloodTests #BiologicalAge #Exercise #CommunicationNetworks

https://m.economictimes.com/magazines/panache/studying-middle-aged-brain-can-give-us-clues-to-dementia/articleshow/108827861.cms


Renault Nissan to launch four new products, expand product portfolio
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Renault Nissan Alliance plans to launch four new products, with India playing a crucial role in manufacturing. The alliance has invested USD 1.8 billion in India so far and the Chennai plant produces 2.7 million cars per year, with 1.2 million shipped to over 100 countries. The Renault Nissan Automotive India Pvt Ltd facility operates in two shifts and produces 480 cars per day.

#Renault #Nissan #ProductLaunch #Manufacturing #Investment #India #Chennai

https://m.economictimes.com/industry/auto/cars-uvs/renault-nissan-to-launch-four-new-products-expand-product-portfolio/articleshow/108824548.cms


Growth in range of 7% perfectly good for India unless external environment improves, says Sanyal
==========

Sanjeev Sanyal, member of Economic Advisory Council to the Prime Minister, stated that a growth rate in the range of 7% is perfectly good for India unless the external environment improves. He emphasized the need to protect macroeconomic stability and cautioned against attempting to grow the economy at a faster rate. Sanyal also criticized a recent study by Piketty and company on inequality in India, calling it 'utter garbage' and suggesting that India should celebrate its billionaires. He highlighted the visible signs of economic growth in India, such as infrastructure and construction projects. India's economy grew at 8.4% in the final quarter of 2023, exceeding expectations. Sanyal stated that stability is prioritized over growth in order to compound growth rates over the long term.

#India #EconomicGrowth #SanjeevSanyal #MacroeconomicStability #Inequality #Piketty

https://m.economictimes.com/news/economy/indicators/growth-in-range-of-7-perfectly-good-for-india-unless-external-envt-improves-sanyal/articleshow/108824459.cms


Gold Price Today: Yellow metal trades near lifetime peak. What should traders do?
==========

Gold traded in a narrow range on Wednesday amid an uptick in the dollar index (DXY). The MCX April gold futures were trading at Rs 66140 per 10 grams, up by Rs 26 or 0.04% while May silver futures were trading at Rs 74,450 per kg, lower by Rs 68 or 0.09%. Gold has corrected by Rs 803 from its lifetime high of Rs 66,943 which it hit on Thursday. In the international markets, the prices had shot up above the $2,220 per troy ounce mark. MCX Gold and Silver futures ended with minor declines on Tuesday with the June gold contract settling with a downtick of Rs 6 per 10 grams or 0.01% at Rs 66,010 while the May silver contract ended down by Rs 29 or 0.04% at Rs 74,489 per kg. Higher interest rates can have a negative impact on non-yielding gold. On the daily chart, MCX April gold contracts have formed an inverted hammer candlestick pattern indicating bearishness and with the RSI remaining in the overbought territory, a potential retracement in prices cannot be ruled out. The prices have risen by 5.67% or Rs 3,547 on MCX on a month-to-date basis. Gupta sees MCX gold trading at Rs 65,500- Rs 66500 levels while silver at Rs 74,000-Rs 75,500. Price of gold in major physical markets like Delhi, Ahmedabad and other cities is Rs 66,300 per 10 gram while those of 1 kg of Silver is Rs 76,000. Intraday Trading Strategy by Neha Qureshi: Sell MCX April gold futures at Rs 66,100 with a stop loss of Rs 66,500 and a price target of Rs 65,600. Sell MCX May silver futures at Rs 74,500 with a stop loss of Rs 75,500 and a price target of Rs 72,500.

#Gold #Trading #MarketAnalysis

https://m.economictimes.com/markets/commodities/news/gold-price-today-yellow-metal-trades-near-lifetime-peak-what-should-traders-do/articleshow/108810102.cms


Morgan Stanley raises India's GDP growth expectation for FY25 to 6.8%
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Morgan Stanley has raised its GDP growth expectation for India for FY25 to 6.8%, up from the previous estimate of 6.5%. The forecast for FY24 GDP growth stands at 7.9%. The growth is expected to be broad-based, with narrow gaps between rural-urban consumption and private-public capex. The company expects CPI inflation to track at 4.5% in FY25 and FY26, and the current account deficit to be 1% of GDP in the same period.

#India #GdpGrowth #EconomicForecast

https://m.economictimes.com/news/economy/indicators/morgan-stanley-raises-indias-gdp-growth-expectation-for-fy25-to-6-8/articleshow/108809744.cms


Six Pakistan high court judges allege intelligence agencies' interference in judicial matters
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Six judges of the Islamabad High Court in Pakistan have written a letter to the Supreme Judicial Council (SJC) alleging interference in the judiciary by the country's intelligence agencies. The letter, dated March 25, calls for the SJC to take action against such interference and provide guidance on the matter. The judges who signed the letter include Justice Mohsin Akhtar Kayani, Justice Tariq Mehmood Jahangiri, Justice Babar Sattar, Justice Sardar Ejaz Ishaq Khan, Justice Arbab Muhammad Tahir, and Justice Saman Rafat Imtiaz. The letter highlights instances of interference, including the kidnapping and torture of a high court judge's brother-in-law to pressure the judge in a case. The judges also support the request to investigate allegations made by former IHC Justice Shaukat Aziz Siddiqui. The SJC is the highest body authorized to take action against judges of high and supreme courts.

#Pakistan #Judiciary #IntelligenceAgencies #SupremeJudicialCouncil #IslamabadHighCourt

https://m.economictimes.com/news/international/world-news/six-pakistan-high-court-judges-allege-intelligence-agencies-interference-in-judicial-matters/articleshow/108807874.cms


Baltimore bridge collapse and port closure send companies scrambling to reroute cargo
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After the container ship Dali hit the bridge and brought it down early Tuesday, ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causing congestion and delays for importers. The Dali was the only container vessel in the port at the time of the collision, but seven others had been scheduled to arrive in Baltimore through Saturday. Six people, part of a crew that had been filling potholes on the bridge, were missing after the span came down, and their company said they were presumed dead. Trucks that carry hazardous materials will now have to make 30 miles of detours around Baltimore because they are prohibited from using the city's tunnels, adding to delays and increasing fuel costs. Baltimore's port has become increasingly important to U.S. retailers and manufacturers seeking to diversify their supply networks and bring goods closer to customers. The bridge collapse is unlikely to have a big impact on global trade, certainly nothing like the disruptions caused by the COVID-19 pandemic. The century-old Domino sugar refinery, an iconic Baltimore institution located at the port, expects 'no short-term impact' to its operations in the city. The Port of Baltimore is one of the largest vehicle handling ports in the U.S., and a lengthy closure could disrupt the supply of new vehicles. About 20% of U.S. coal exports pass through Baltimore en route to India, the Netherlands, Japan, and other countries. Shipping companies have become accustomed to taking detours to other ports in the past few years due to conflicts along the Suez Canal or low water levels in the Panama Canal. The use of trucks as an alternative to shipping goods will also cause traffic backups on U.S. thoroughfares. Supply chain experts say the Port of Los Angeles and others may have overtaken Baltimore last year based on the value of autos passing through. Most vehicles purchased in the U.S. are made in North America and don't come by sea, so experts do not expect big problems. Americans should expect shortages, and the accident would have significant repercussions for ocean container shipping and East Coast trucking logistics. The bridge collapse is likely to have an outsize impact on the regional economy around Baltimore and on businesses that rely on shipments of steel and cars that come through the port.

#Baltimore #BridgeCollapse #PortClosure #CargoRerouting #Importers #Trucks #HazardousMaterials #GlobalTrade #SupplyChain #DominoSugarRefinery #VehicleHandlingPorts #CoalExports #ShippingCompanies #TrafficBackups #Shortages #OceanContainerShipping #EastCoastTruckingLogistics #RegionalEconomy #SteelShipments #CarShipments

https://m.economictimes.com/news/international/business/baltimore-bridge-collapse-and-port-closure-send-companies-scrambling-to-reroute-cargo/articleshow/108804783.cms


A Chinese pastor is released after 7 years in prison, only to find himself unable to get an ID
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Chinese pastor John Sanqiang Cao, who was released from a seven-year prison sentence, faces continued restrictions in his homeland due to lack of legal documentation. He is unable to access basic services without a Chinese identification. Cao had dedicated his life to spreading Christianity in China, where the religion is strictly regulated. He had set up Bible study schools and brought Chinese missionaries to Myanmar. He was detained in 2017 and sentenced to seven years on a charge of "organising others to illegally cross the border." After completing his sentence, Cao is facing the obstacle of not having a hukou registration, which is needed to apply for a national ID card. He has sought help from the police but has not received a satisfactory answer. Cao wants to join his family in the US, but it is unclear how he can do that.

#China #Christianity #ReligiousFreedom #HumanRights

https://m.economictimes.com/news/international/world-news/a-chinese-pastor-is-released-after-7-years-in-prison-only-to-find-himself-unable-to-get-an-id/articleshow/108762984.cms


China job ad sparks social media outcry over 'middle-age' unemployment
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A job ad targeting only those aged 18 to 30 at a Chinese grocery store sparks online debate on age discrimination and job scarcity. The ad reflects nationwide concerns about high youth unemployment and challenges for those over 30. With looming workforce expansion and aging demographics, discussions intensify over retirement age and fair employment policies. China plans to raise the retirement age in phases as the population ages rapidly. Last year, state media targeted employers for 'discriminatory' hiring practices, including seeking younger and cheaper workers. The ad drew over 140 million views and prompted 41,000 discussions on social media.

#China #JobAd #Unemployment #AgeDiscrimination #YouthUnemployment #RetirementAge #EmploymentPolicies

https://m.economictimes.com/news/international/business/china-job-ad-sparks-social-media-outcry-over-middle-age-unemployment/articleshow/108762803.cms


View: Putin forgot Islamic State thinks he’s part of the West
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The recent terrorist attack on Russia highlights the dangers of the new multipolar world we live in. Before the attack, Vladimir Putin dismissed a US warning that Islamists were planning an assault on a large Russian venue, calling it blackmail. Trust between Moscow and Washington has been weakened since Putin's 2022 invasion of Ukraine and his 2014 annexation of Crimea. Putin fell victim to paranoia and failed to use the warning, which could have prevented the attack. Islamists do not distinguish between Russian and Western colonialism and view Russia as part of the Christian West. Putin hinted at Ukrainian responsibility for the attack, absolving his own lapse of vigilance. The Islamic State has claimed responsibility for the attack, and the arrested suspects may have been from Tajikistan. Putin has control over the media and can generate domestic popular support for any decision or aggression. The lack of trust between nations breeds conspiracy theories and makes them difficult to debunk. The article raises concerns about the erosion of confidence and cooperation in the globalized world.

#Putin #IslamicState #Terrorism #MultipolarWorld #Russia #Ukraine #Crimea #Washington #Moscow

https://m.economictimes.com/news/international/world-news/view-putin-forgot-islamic-state-thinks-hes-part-of-the-west/articleshow/108761886.cms


US Moon lander 'permanently' asleep after historic landing: company
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Houston-based Intuitive Machines announced that its uncrewed American lander, named Odysseus, has failed to 'wake up' after its historic landing on the Moon. The lander, which became the first private business to successfully land a spacecraft on the Moon without crashing, had not phoned home when its solar panels were projected to receive enough sunlight to turn on its radio. Despite completing several tests and sending back photos, the lander entered a weeks-long lunar night and was unable to recover. Intuitive Machines confirmed that the lander's power system would not complete another call home, marking the end of its mission. The mission, hailed as a success, encountered challenges along the way, including a tip-over at landing. The US space agency NASA paid Intuitive Machines around $120 million for the mission as part of its initiative to delegate cargo missions to the private sector. Intuitive Machines has two more lunar missions planned this year as part of NASA's Commercial Lunar Payload Services (CLPS) initiative.

#MoonLander #Odysseus #IntuitiveMachines #Nasa #LunarMission #SpaceExploration

https://m.economictimes.com/news/international/world-news/us-moon-lander-permanently-asleep-after-historic-landing-company/articleshow/108758957.cms


US weather forecast: Tornadoes, hail storms, thunderstorm predicted, 8 million people facing threat
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The US weather forecast predicts the possibility of tornadoes, hail storms, and severe thunderstorms, posing a threat to nearly 8 million people. The National Oceanic and Atmospheric Administration's Storm Prediction Center (SPC) has issued a Level 2 out of 5 risk on the severe thunderstorm scale for areas including New Orleans, Oklahoma City, and Wichita, Kansas. The forecast highlights the need for residents and authorities to remain vigilant and prepared for potential hazards. Additionally, wintry weather has affected parts of the US, with New England and California experiencing rain, heavy snow, and gusty winds. Winter storm warnings and advisories have been issued for various regions, including the Sierra Nevada and northern Arizona. The National Weather Service has warned of a significant winter storm over central regions of the country through Monday.

#UsWeatherForecast #Tornadoes #HailStorms #Thunderstorm #SevereWeather #StormPrediction #WinterStorm

https://m.economictimes.com/news/international/us/us-weather-forecast-tornadoes-hail-storms-thunderstorm-predicted-8-million-people-facing-threat/articleshow/108755911.cms


Will the US take people to the moon with ‘Moon Train’? Here’s all about the Lunar Transport
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Led by aerospace leader Northrop Grumman and backed by the US Department of Defense, the US is planning to establish a rail network on the moon called the 'Moon Train' to enable smooth transportation of goods and individuals on the lunar terrain. The project aims to foster human presence and economic ventures beyond Earth's bounds. The Moon Train project is a collaborative endeavor involving companies like Northrop Grumman, SpaceX, and Blue Origin. The Lunar Surface Innovation Consortium will convene next month to unveil progress and insights, with a final report expected in June. The Moon Train project represents a significant leap forward in humanity's quest to establish a sustainable presence beyond Earth.

#MoonTrain #LunarTransport #NorthropGrumman #UsDepartmentOfDefense #SpaceExploration #SpaceEconomy

https://m.economictimes.com/news/international/us/will-the-us-take-people-to-the-moon-with-moon-train-heres-all-about-the-lunar-transport/articleshow/108755565.cms


How to watch 'Immaculate' starring Sydney Sweeney on streaming?
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Sydney Sweeney stars in the horror film 'Immaculate' as Sister Cecelia, a young woman who discovers she is pregnant upon arriving at an Italian convent. The film, directed by Michael Mohan, draws inspiration from classic horror cinema. 'Immaculate' premiered at the SXSW Film Festival and is currently screening exclusively in theaters. There is no information available about streaming availability at this time, but it is possible that the film will be released on Hulu in the future. The film is rated R for language, nudity, grisly images, and strong violent content.

#Immaculate #SydneySweeney #HorrorFilm #SisterCecelia #MichaelMohan #SxswFilmFestival #Theaters #Streaming #Hulu #RatedR

https://m.economictimes.com/news/international/us/how-to-watch-immaculate-starring-sydney-sweeney-on-streaming/articleshow/108755153.cms


India wants WTO bodies to prioritise finance access, food security, tech
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India has urged for the prioritization of several key issues in discussions within the World Trade Organization (WTO), including access to finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services. New Delhi emphasized the need to address trade issues that disproportionately affect developing countries, such as access to technology, bridging the digital divide, and supply chain resilience. India proposed reinvigorating underutilized bodies such as the Working Group on Trade and Technology Transfer and Working Group on Trade, Debt and Finance. They also suggested a new triennial review process to improve the functioning of the Committee on Trade and Development. India called for these topics to be a standing General Council agenda topic until the 14th ministerial conference of the WTO. The submission was made on March 24, 2024.

#Wto #FinanceAccess #FoodSecurity #Technology #DevelopingCountries

https://m.economictimes.com/news/economy/foreign-trade/india-wants-wto-bodies-to-prioritise-finance-access-food-security-tech/articleshow/108755083.cms


Chinese premier downplays risks to economy, highlights policy space
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Chinese Premier Li Qiang downplayed investor concerns of challenges facing the economy, saying China is stepping up policy support to spur growth and systemic risks are being addressed. Li highlighted several measures the government is planning to take to boost domestic demand this year, including reducing barriers to a unified domestic market, granting urban residency to people who have moved to cities from the countryside, as well as a campaign to encourage consumers and businesses to replace old goods and equipment. The world's second-largest economy has reported a solid start to 2024, with growth in exports, industrial production, and investment beating expectations. That has reduced the urgency for authorities to add stimulus in the short term, though economists say more policy support is needed to reach the ambitious economic growth target of around 5% this year.

#ChineseEconomy #EconomicGrowth #PolicySupport #DomesticDemand

https://m.economictimes.com/news/international/world-news/chinese-premier-downplays-risks-to-economy-highlights-policy-space/articleshow/108754760.cms


Simon Harris becomes Irish PM-in-waiting
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Simon Harris, known for COVID-19 response, has been elected as Ireland's next PM. He will become the youngest PM on April 9 with coalition support. Harris will have no more than a year to save the coalition from defeat at parliamentary elections. Polls have shown Sinn Fein as the favorite to head the next government. Harris is one of Ireland's most visible government ministers and a strong media performer. He will inherit a three-party coalition government and will have little room for major new policy initiatives.

#SimonHarris #Ireland #PrimeMinister #Covid19 #CoalitionGovernment #SinnFein

https://m.economictimes.com/news/international/world-news/simon-harris-becomes-irish-pm-in-waiting/articleshow/108754360.cms


Full Worm Moon: How and when to witness the first Lunar Eclipse of 2024 in the USA
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The first Lunar Eclipse of 2024 can be witnessed in the USA on the night of March 24-25. The moon will spend 4 hours and 40 minutes traversing Earth's outer shadow, known as the penumbra. The peak of darkness during the lunar eclipse will be observed in the eastern United States a couple of hours before dawn breaks on March 25th. The eclipse season, spanning from March 16 to April 23, will also include a total solar eclipse on April 8. The term 'Worm Moon' refers to March's full moon, which signifies the onset of warmer weather and the emergence of worms and robins. Lunar eclipses occur when the Earth moves between the sun and the moon, creating a shadow that falls on the lunar surface.

#LunarEclipse2024 #WormMoon #Usa #Astronomy

https://m.economictimes.com/news/international/us/full-worm-moon-how-and-when-to-witness-the-first-lunar-eclipse-of-2024-in-the-usa/articleshow/108751808.cms


Gucci’s China shock reverberates across the luxury landscape
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Kering SA, the parent company of Gucci, experienced a significant decline in its market value following a warning about slumping sales of Gucci products in China. Swiss watch exports to China also tumbled last month. Chinese luxury shoppers have become more selective about where to spend their cash due to rising unemployment and a property downturn. Gucci has seen a drop in Chinese online sales, and its new designs are receiving mixed reviews. Kering is highly vulnerable to shifts in taste as Gucci accounts for about half of its sales and more than two-thirds of profit. Other luxury brands are also being affected by the slowdown in China. Some brands may need to reduce their reliance on China and look to other regions for growth. Prada and Hermes have seen growth in the Asia-Pacific region, while Rolex, Chanel, and Louis Vuitton have experienced slower sales in Hong Kong. The demand situation in China is proving tough, and Chinese tourists are not spending as much in Hong Kong, Macau, and Singapore. Some luxury brands are reconsidering their Asia strategy and looking beyond China for future growth.

#Gucci #KeringSa #China #LuxuryIndustry #ChineseConsumers #SwissWatches #OnlineSales #Fashion #ConsumerMarkets #LuxuryBrands #Prada #Hermes #Rolex #Chanel #LouisVuitton

https://m.economictimes.com/news/international/business/guccis-china-shock-reverberates-across-the-luxury-landscape/articleshow/108751109.cms


Nearly 14% NRIs from the US find it challenging to navigate double taxation issues in tax return filing: Report
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A recent survey by SBNRI, a one-stop investment platform for NRIs and OCIs, revealed that nearly 14% of NRIs from the US find it challenging to navigate double taxation issues in tax return filing. The survey also found that 14.11% of NRIs from Australia, followed by 13.10% from the UK and 8.06% from the US, consider double taxation as the biggest challenge in filing taxes. Additionally, 12.10%, 9.05%, and 6.02% of NRIs from the US, UK, and Australia, respectively, found accessing taxation documents from abroad to be the most challenging concern. The survey also revealed that 10% of US-based NRIs report only the income earned in India to the Indian Tax Authorities, while 6% from Canada, 4% from the US and Singapore, and 3% from Australia reported both income earned in India and abroad. The survey highlights the need for expert guidance to navigate the complex taxation process for NRIs.

#Nris #Taxation #DoubleTaxation #TaxReturnFiling

https://m.economictimes.com/nri/invest/nearly-14-nris-from-the-us-find-it-challenging-to-navigate-double-taxation-issues-in-tax-return-filing-report/articleshow/108750246.cms


Did Rose Hanbury respond to Stephen Colbert's alleged affair comments with Prince William by sending a legal notice?
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Rose Hanbury's legal team sent a legal notice to Stephen Colbert and CBS refuting the claims made on 'The Late Show with Stephen Colbert' about an alleged affair between Hanbury and Prince William. The notice was sent shortly after Colbert made jokes about the alleged affair on his show. Hanbury's legal team aims to challenge the dissemination of unfounded rumors and protect her reputation. The incident highlights the sensitivity surrounding alleged affairs involving prominent figures and the potential consequences of making light of such subjects.

#RoseHanbury #StephenColbert #PrinceWilliam #LegalNotice #AllegedAffair

https://m.economictimes.com/news/international/us/did-rose-hanbury-respond-to-stephen-colberts-alleged-affair-comments-with-prince-william-by-sending-a-legal-notice/articleshow/108738627.cms


UFC fight night card, schedule: Start time, live streaming details, where to watch online
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The UFC fight night schedule and card have been announced. The event will be held on March 23 at UFC Apex in Las Vegas. The main card will start at 10 pm (ET) and will be streamed on ESPN+. The fight card includes matchups such as Rose Namajunas vs. Amanda Ribas in the Women's flyweight championship, Karl Williams vs. Justin Tafa in the Heavyweight category, AJ Dobson vs. Edmen Shahbazyan in the Middleweight category, Cameron Saiiman vs. Payton Talbott in the Bantamweight category, Youseff Zalal vs. Billy Quarantillo in the Featherweight category, and Luis Pajuelo vs. Fernando Padilla also in the Featherweight category. Marcin Tybura defeated Tai Tuivasa in a heavyweight bout at the previous UFC Fight Night event in Las Vegas.

#Ufc #FightNight #Schedule #StartTime #LiveStreaming #WhereToWatchOnline

https://m.economictimes.com/news/international/us/ufc-fight-night-card-schedule-start-time-live-streaming-details-where-to-watch-online/articleshow/108737500.cms


Reviving 'Girl With The Dragon Tattoo' for TV: Here’s what we know about Veena Sud's reboot
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Veena Sud, the showrunner for the TV adaptation of 'Girl With The Dragon Tattoo,' has shared details about the reboot. Sud aims to explore themes of 'female rage' and tackle issues such as abuse, racism, and white nationalism. The enigmatic protagonist, Lisbeth Salander, will be reimagined with a focus on her resilience and defiance against societal norms. Sud's goal is to create a thought-provoking narrative that addresses toxic masculinity, sexual abuse, and female empowerment. The reboot holds promise for fans of the original novel and newcomers, with Sud's track record and commitment to staying true to Stieg Larsson's vision. The series has the potential to captivate audiences and spark meaningful conversations.

#GirlWithTheDragonTattoo #VeenaSud #TvAdaptation #Reboot #LisbethSalander #StiegLarsson

https://m.economictimes.com/news/international/us/reviving-girl-with-the-dragon-tattoo-for-tv-heres-what-we-know-about-veena-suds-reboot/articleshow/108737455.cms


How did Taylor Swift's 'The Eras Tour (Taylor's Version)' get 4.6 million views, become most-streamed concert film on Disney+?
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After 'Taylor Swift: The Eras Tour' premiered in October 2023 and collected $261.7 million at the box office, a bidding war for streaming rights erupted. Disney+ got the streaming rights after it reportedly paid $75 million. The concert film was released on Disney+ on March 14, 2024. With 4.6 million views in just three days, 'Taylor Swift: The Eras Tour' became the most viewed music film and broke all records on Disney+. The Disney+ edition of the concert featured new songs such as 'Cardigan', and four additional acoustic songs, 'Maroon', 'Death by a Thousand Cuts', 'You Are in Love' and 'I Can See You'.

#TaylorSwift #TheErasTour #Taylor'sVersion #Disney+ #ConcertFilm #Streaming

https://m.economictimes.com/news/international/us/how-did-taylor-swifts-the-eras-tour-taylors-version-get-4-6-million-views-become-most-streamed-concert-film-on-disney/articleshow/108736568.cms


US FAA to scrutinize United safety practices after Boeing issues
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The US Federal Aviation Administration (FAA) will be reviewing United Airlines' safety procedures following a series of incidents on its Boeing-made planes. United Airlines has experienced safety issues, including a near-catastrophic incident in January when a fuselage panel on a Boeing 737 MAX 9 Alaska Airlines jet blew off mid-flight. The FAA will be conducting a closer examination of the airline's safety procedures, work processes, manuals, and facilities. United Airlines, which owns the largest fleet of 737 MAX 9s with 79 aircraft, has reported poorly screwed bolts on cap doors and other parts of some of those planes. The scrutiny comes after a number of close calls between planes on runways and a significant increase in new employees hired by the industry. United Airlines, the largest US airline by traffic, has faced attention due to various flight problems. In late February, United Airlines pilots reported that the rudder pedals of the 737 MAX they were flying were stuck after landing in Newark, New Jersey.

#UsFaa #UnitedAirlines #Boeing #SafetyProcedures #737Max

https://m.economictimes.com/news/international/world-news/us-faa-to-scrutinize-united-safety-practices-after-boeing-issues/articleshow/108728693.cms


Gold ekes out gains in a tumultuous week
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Gold closed around 0.80% lower on Friday as the US dollar rallied. The metal hit a fresh record high of $2,222 before giving back all the gains due to the resurgent dollar. The 10-year US yields at 4.21% were down over 2% on the week. The US Federal Reserve came out with a hawkish dot plot at its FOMC meeting but stuck to its prediction of three rate cuts in 2024. The Swiss National Bank unexpectedly cut rates on March 21. The Bank of England went for a dovish hold in its monetary policy decision on March 21. The US dollar initially tumbled on the FOMC-led weakness, but it soon recovered to enjoy its best week in the last two months on easing prospects abroad. The Chinese yuan weakened past 7.20 on March 22. Total known Global Gold ETF Holdings stood at 82.34 MOz as of March 21. Israel said it would press ahead with its Rafah invasion plan despite US warnings. US Secretary of State Antony Blinken is in the region pushing for a six-week ceasefire deal between Israel and Hamas. Investors should not consider gold as an asset similar to stocks but as part of their long-term portfolios. US PCE deflator inflation data will be the most important data next week. The US Dollar Index is expected to extend its rally further. Support is seen at $2146/$2120/$2100. Resistance is at $2180/$2204/$2225.

#Gold #UsDollar #MonetaryPolicy #CentralBanks

https://m.economictimes.com/markets/commodities/news/gold-ekes-out-gains-in-a-tumultuous-week/articleshow/108727270.cms


AI firm Databricks 'doubling down' on investment in India
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AI firm Databricks is increasing its investment in India due to the growing demand for data and AI solutions in various industries. The company plans to expand its Indian go-to-market and R&D teams and recently launched Databricks infrastructure on Google Cloud. Databricks opened its R&D hub in Bengaluru last year.

#Ai #Investment #India #DataSolutions #R&d

https://m.economictimes.com/tech/startups/ai-firm-databricks-doubling-down-on-investment-in-india/articleshow/108726998.cms


Dollar strengthens after big shift in global rate outlook
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The dollar rose against all G-10 currencies except the yen, as the relatively strong U.S. economy and high interest rates kept the carry trade alive. The Swiss rate cut marked a definitive shift in global rate outlook. The Fed left its overnight rate on hold between 5.25%-5.5% and stuck with projections for three cuts by year's end. About 84 basis points of cuts are priced in for this year. Sterling dropped 0.5% after the Bank of England revealed a more dovish tilt. The dollar index rose 0.45% while the dollar weakened 0.12% against the Japanese yen. The dollar is up about 1.5% this week versus the yen. The euro hit a three-week low. The Swiss franc has lost about 1.7% in value against the dollar this week and about 6.8% so far this year. Bitcoin was set for its largest weekly drop since last August.

#Dollar #GlobalRateOutlook #InterestRates #CarryTrade #SwissRateCut #Fed #BankOfEngland #Sterling #Euro #JapaneseYen #SwissFranc #Bitcoin

https://m.economictimes.com/markets/forex/dollar-strengthens-after-big-shift-in-global-rate-outlook/articleshow/108723543.cms