C3iHub launches startup cohorts III, IV and V to back cybersecurity firms
==========

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 

 Monitoring ICT import restrictions, rising content takedown requests since 2021: USTR
==========

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
==========

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
==========

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
==========

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
==========

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 

 Yellen warns China's industry ramp-up is distorting world economy
==========

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 

 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?
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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
==========

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
==========

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
==========

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 

 Nearly 14% NRIs from the US find it challenging to navigate double taxation issues in tax return filing: Report
==========

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?
==========

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
==========

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
==========

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+?
==========

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
==========

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
==========

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
==========

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
==========

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 

 Looking for a second home? Bengaluru outskirts offer choices
==========

Growing interest in second homes in Bengaluru outskirts and hill stations, offering a retreat from urban chaos. Affluent buyers invest in luxury villas, managed farmlands. Market trends towards fractional ownership and holiday homes for regular income, shaping real estate growth. Locations like Kanakapura Road and Chikkamagaluru gaining traction. Development of infrastructure and availability of amenities improving living standards. Retirement and second home market segment expected to grow by nearly 24% annually to over $4 billion by 2026. Holiday home market in India expected to be worth around $10 billion over the next 5-8 years. Major developers expected to enter the market, offering more options for homebuyers.

#BengaluruOutskirts #SecondHome #RealEstate #LuxuryVillas #ManagedFarmlands #FractionalOwnership #HolidayHomes

https://m.economictimes.com/industry/services/property-/-cstruction/looking-for-a-second-home-bengaluru-outskirts-offer-choices/articleshow/108637841.cms 

 Never underestimate the kindness of strangers
==========

The article discusses the author's experience arriving at Kathmandu Airport and reflecting on the kindness shown by strangers. The author recalls instances where they received help from strangers in various travel situations, such as borrowing money in a remote location and receiving cash from an elderly American couple at the airport. The author expresses gratitude for the kindness shown and acknowledges the burden of kindness. The article emphasizes the importance of being kind to others and recounts a recent incident where the author helped a fellow traveler at Delhi airport. Overall, the article highlights the positive impact of strangers' kindness during travel experiences.

#Kindness #Strangers #Travel #Airport

https://m.economictimes.com/opinion/et-commentary/never-underestimate-the-kindness-of-strangers/articleshow/108551685.cms 

 Congress, BRS shattered dreams of Telangana's development: PM Modi
==========

Prime Minister Narendra Modi criticized Congress and BRS, vowing for Telangana's development at a rally in Nagarkurnool. He highlighted the national poverty reduction and urged similar change in Telangana. Modi stated that the Congress and BRS together shattered every dream of Telangana's development. He also mentioned that even before the announcement of the poll schedule, people have given their decision on the crossing 400 seats. The Prime Minister criticized the Congress party for their 'Garibi Hatao' slogan and questioned if any change had come in the lives of the poor.

#Telangana #Congress #Brs #Development #NarendraModi

https://m.economictimes.com/news/elections/lok-sabha/india/cong-brs-shattered-dreams-of-telanganas-development-pm-modi/articleshow/108543315.cms 

 What lies ahead for Indian markets next week? Ajay Bagga answers
==========

Ajay Bagga, a market expert, believes that the market moving event next week will be the Federal Reserve policy meeting. He expects the Fed to announce a fifth pause in a row but highlights that the commentary and the dot plot will be critical. The dot plot will provide insights into the Fed's view on GDP growth, inflation, and the timing and number of rate cuts. Bagga predicts that the Indian markets may experience a sideways movement until the new government comes in after the elections. He does not foresee a significant risk in the markets and expects a recovery as early as next week. Bagga also mentions that the recent correction in the markets has been beneficial as it has shaken out weak hands and there is a lot of liquidity waiting to enter the market. He concludes that the market is not in a bubble and the correction has been healthy.

#IndianMarkets #FederalReserve #RateCuts

https://m.economictimes.com/markets/expert-view/what-lies-ahead-for-indian-markets-next-week-ajay-bagga-answers/articleshow/108541649.cms 

 Oscars 2024 predictions: Who will be winners at Academy Awards?
==========

The Oscars 2024 predictions have been released ahead of the announcement of the winners at the 96th Academy Awards. Christopher Nolan's film 'Oppenheimer' is expected to be the frontrunner, with Nolan himself likely to win his first Oscar for best director. Lily Gladstone and Emma Stone are predicted to be in a close contest for the best actress category. Cillian Murphy and Paul Giamatti are expected to compete for the best actor award. Da’Vine Joy Randolph and Robert Downey Jr. are favored to win the best supporting actress and best supporting actor awards, respectively. Composer John Williams earned his 49th nomination for a best score Oscar. Two non-English language films, 'The Zone of Interest' and 'Anatomy of a Fall', are nominated for best picture. The Oscars 2024 can be streamed live on abc.com and various other platforms. The event will take place on Sunday evening.

#Oscars2024Predictions #AcademyAwards #ChristopherNolan #Oppenheimer #LilyGladstone #EmmaStone #CillianMurphy #PaulGiamatti #Da’vineJoyRandolph #RobertDowneyJr. #JohnWilliams #BestPicture #Streaming

https://m.economictimes.com/news/international/us/oscars-2024-predictions-who-will-be-winners-at-academy-awards/articleshow/108372069.cms 

 Oscars 2024 nominations: 'Oppenheimer', 'Barbie', 'Poor Things' - check full list of categories, nominees
==========

The Oscars 2024 nominations have been announced, with a total of 23 categories. The ceremony will be held in Los Angeles and will honor films such as 'Oppenheimer', 'Barbie', and 'Poor Things'. The nominees for 'Actor in a Leading Role' include Bradley Cooper, Colman Domingo, Paul Giamatti, Cillian Murphy, and Jeffrey Wright. The 'Actress in a Leading Role' category features Annette Bening, Lily Gladstone, Sandra Huller, Carey Mulligan, and Emma Stone. Other categories include 'Directing', 'Writing (Adapted Screenplay)', 'Writing (Original Screenplay)', 'International Feature Film', 'Animated Feature Film', 'Documentary Feature Film', 'Live Action Short Film', 'Documentary Short Film', 'Animated Short Film', 'Film Editing', 'Production Design', 'Costume Design', 'Music (Original Score)', 'Music (Original Song)', 'Makeup and Hairstyling', 'Sound', and 'Visual Effects'. The Oscars 2024 ceremony will take place on March 10, with a new start time of 7 pm (ET) or 4 pm (PT).

#Oscars2024Nominations #FilmAwards #Nominees #LosAngeles

https://m.economictimes.com/news/international/us/oscars-2024-nominations-oppenheimer-barbie-poor-things-check-full-list-of-categories-nominees/articleshow/108371570.cms 

 Rise Of The Ronin release date: Will it be available on PS5, PC? Read here
==========

Action-play based video game Rise Of The Ronin will be releasing for PS5 on March 22. It is yet to be disclosed if a PC version is releasing soon. The game is set in the primitive period of Japan and offers an open-world experience. Rise Of The Ronin is currently being released exclusively for PS5, with no official announcement regarding a PC version. The pre-load date for the game on PS5 is March 19, 2024. The game will not be released for PC as it is a PS5 exclusive.

#RiseOfTheRonin #Ps5 #Pc #VideoGame

https://m.economictimes.com/news/international/us/rise-of-the-ronin-release-date-will-it-be-available-on-ps5-pc-read-here/articleshow/108356976.cms 

 Gold prices surge past Rs 65,000 to a new record
==========

Gold prices on the MCX surged past Rs 65,000 per 10 grams, reaching a new record high. This surge marks the fourth consecutive session of price increases. The increase in gold prices is attributed to a higher probability of the US Federal Reserve cutting interest rates from June, as well as geopolitical concerns. Gold prices have an inverse correlation with interest rates and typically move higher with easing rates. In 2024, gold prices are up around 2% compared to a 2-3% gain in the benchmarks Nifty 50 and Sensex. Experts suggest that investors should refrain from buying at current levels and instead look to add gold during dips.

#GoldPrices #Mcx #RecordHigh #InterestRates #GeopoliticalConcerns #Investors

https://m.economictimes.com/markets/commodities/news/gold-prices-surge-past-rs-65000-to-a-new-record/articleshow/108249983.cms 

 Dollar edges up versus euro ahead of ECB and US data
==========

The dollar edged up against the euro on Tuesday as investors braced for a busy week that includes a European Central Bank rate decision, congressional testimony from Fed Chair Jerome Powell and U.S. jobs data. The euro was 0.06% lower against the dollar at $1.08495. The dollar index is up about 2.4% for the year. Chair Powell is likely to reinforce the message that the Fed wants to wait for more data before any rate cuts when he testifies to Congress about the economy on Wednesday and Thursday. The ECB meets to discuss policy on Thursday but is widely expected to leave interest rates at a record 4%. U.S. employment figures for February have the potential to rock markets on Friday. Economists expect hiring slowed last month but a bigger-than-expected number could add to the dollar's rise this year.

#Dollar #Euro #Ecb #UsData #FederalReserve #InterestRates #EmploymentFigures

https://m.economictimes.com/markets/forex/dollar-edges-up-versus-euro-ahead-of-ecb-and-us-data/articleshow/108244060.cms 

 To solve the plastics crisis, we need to calm down about plastics
==========

Efficiency gains, lifestyle changes, and tough regulations are needed to address plastic waste. Plastic usage keeps rising. Rich countries have been reducing their per-capita plastic usage, but overall plastic usage continues to increase. The progress made in reducing carbon emissions and crude oil consumption has not been replicated in the plastics industry. To tackle the plastics problem, a combination of efficiency gains, substitution, and lifestyle changes is needed. Recycling and lightweight containers can help make plastic usage more efficient. However, substitution with alternative materials may not be effective as viable alternatives to plastics are limited. Lifestyle changes, such as reducing plastic consumption, are difficult to engineer. As long as consumers and producers continue to favor plastic, consumption will tend to rise. Tough regulations are needed to build a strong recycling system and discourage landfilling of plastics. Assigning blame and adopting a cynical approach will not solve the problem.

#PlasticsCrisis #PlasticWaste #EfficiencyGains #Substitution #LifestyleChanges #Recycling #ToughRegulations

https://m.economictimes.com/small-biz/sme-sector/to-solve-the-plastics-crisis-we-need-to-calm-down-about-plastics/articleshow/108029933.cms 

 No foreign remittances licence, no Fema violation: Paytm to ED
==========

Paytm Payments Bank has denied Fema violation as it lacks licence for foreign remittances, said sources to ET. ED has written to RBI. The federal agency recently obtained the "additional" data requested from RBI regarding entities allegedly involved in Fema violations through Paytm Payments bank. However, upon reviewing the data provided by the RBI, the agency has not found any apparent Fema violations by Paytm Payments Bank, according to the sources.

#PaytmPaymentsBank #FemaViolations #Rbi #Ed

https://m.economictimes.com/industry/banking/finance/banking/no-foreign-remittances-licence-no-fema-violation-paytm-to-ed/articleshow/107991122.cms 

 Trump calls himself a 'proud political dissident' in CPAC speech
==========

Former President Donald Trump rallied conservative activists at CPAC, calling the upcoming election 'judgment day.' He positioned himself as a 'proud political dissident' and savior against Biden's leadership, warning of impending doom under a Biden second term. Trump's speech was filled with religious imagery and apocalyptic visions, contrasting his role as a defender of freedom against what he perceives as Biden's path to ruin. He also criticized Biden's border policies and the charges against him as politically motivated.

#DonaldTrump #Cpac #PoliticalDissident #Biden #ConservativeActivism

https://m.economictimes.com/news/international/world-news/trump-calls-himself-a-proud-political-dissident-in-cpac-speech/articleshow/107976931.cms 

 View: Utter lunacy at chandni chowk
==========

Cashing on the moon has become a serious business, with plans to use it as a burial site for human remains. There are concerns about the lack of regulatory mechanisms and potential legal battles over land acquisition and claims of sovereignty. A US entrepreneur plans to erect a cross on the moon at a cost of $1 billion. The moon could soon be cluttered with memorabilia and other items, including crematoria ashes and a Japanese soft drink. There are also concerns about environmental contamination and littering. The article highlights the potential consequences of exploiting the moon for commercial purposes.

#Moon #CommercialExploitation #BurialSite #RegulatoryMechanisms #LegalBattles #EnvironmentalContamination

https://m.economictimes.com/opinion/et-commentary/view-utter-lunacy-at-chandni-chowk/articleshow/107972879.cms 

 Warren Buffett sees no chance of ‘eye-popping’ results with record cash
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Berkshire Hathaway Inc's cash hoard reached a record $167.6 billion in Q4 2023 as the conglomerate struggled to find attractive deals. Warren Buffett, the billionaire investor, stated that there are very few companies capable of significantly impacting Berkshire's performance and that there are no meaningful options for capital deployment outside the US. Despite ramping up acquisition efforts, Buffett has been unable to find many big-ticket deals, resulting in a surplus of cash. Berkshire reported Q4 operating earnings of $8.48 billion, up from $6.63 billion in the same period the previous year. The company's earnings are seen as a proxy for US economic health. Berkshire's cash pile is the largest among American businesses, with a total GAAP net worth of $561 billion.

#WarrenBuffett #BerkshireHathaway #CashHoard #Acquisitions

https://m.economictimes.com/markets/stocks/news/warren-buffett-sees-no-chance-of-eye-popping-results-with-record-cash/articleshow/107972447.cms 

 Record-high Nikkei’s rise just getting started on foreign demand
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The Nikkei 225 Stock Average has reached a record high and is expected to continue rising due to foreign demand. Investors and strategists believe that there is potential for the broader Topix index to reach an all-time high this year. Fund flow data suggests that there is scope for trillions of yen to return to Japan's stock market. The rally in Japanese stocks is supported by factors such as the end of the deflation era, sustained profit growth of Japanese companies, and improved corporate governance. However, there are risks that could derail the upward trend, including technical signs of overheating, a potential shift of funds back to China, and concerns about the yen's strength. Overall, analysts project gains of more than 10% for the Nikkei and expect the market rally to continue for some time.

#Nikkei225 #TopixIndex #ForeignDemand #StockMarket #Japan

https://m.economictimes.com/markets/stocks/news/record-high-nikkeis-rise-just-getting-started-on-foreign-demand/articleshow/107959261.cms 

 ETMarkets Fund Manager Talk: Why does this portfolio manager think the traditional 60:40 asset allocation model will return?
==========

Arindam Mandal, portfolio manager at Marcellus Investment Advisors, anticipates a return to the 60/40 asset allocation model for the average investor. For Indian investors, he recommends a 70% allocation to domestic equity and a 30% allocation to global equity. Mandal believes that after a year of rate-tightening, liquidity conditions may ease and interest rates may lower in 2024, leading to a return to the traditional asset allocation model. He also highlights the importance of striking a balance between local opportunities and exposure to international markets.

#AssetAllocation #PortfolioManager #60:40Model #Equity #InterestRates

https://m.economictimes.com/markets/expert-view/etmarkets-fund-manager-talk-why-does-this-portfolio-manager-think-the-traditional-6040-asset-allocation-model-will-return/articleshow/107888955.cms 

 US weather forecast: Heavy rains predicted in California; flash flood, landslides warning issued
==========

California is preparing for another atmospheric river storm, scheduled to hit the state starting on Sunday. This powerful weather system is expected to bring heavy rainfall, increasing the risk of flash flooding and triggering potential landslides across the region. A massive landslide on a coastal bluff has left a Southern California mansion on the edge of a cliff, but authorities have determined that the ocean-view home and neighboring residences are not in immediate danger. The first storm is relatively weak compared to the one coming immediately after it, which is expected to begin affecting the state on Sunday afternoon and last through the middle of next week. In early February, an atmospheric river event caused severe wind and wave damage, mudslides, and multiple rescues as rivers quickly overflowed their banks.

#UsWeather #California #Rain #FlashFlood #Landslides

https://m.economictimes.com/news/international/us/us-weather-forecast-heavy-rains-predicted-in-california-flash-flood-landslides-warning-issued/articleshow/107801723.cms 

 Stranger Things Season 5: Is Linda Hamilton set to join the Stranger Things Season 5 cast?
==========

Amidst swirling rumors, Linda Hamilton shares her mixed sentiments toward joining Stranger Things Season 5. Hamilton expresses her love for the series but grapples with imposter syndrome and the challenges of fitting into a world set in the nostalgic backdrop of the '80s. The details of her role remain shrouded in mystery, even from the actress herself. Hamilton acknowledges the need for secrecy and expresses her eagerness to contribute to the show.

#StrangerThings #LindaHamilton #Season5

https://m.economictimes.com/news/international/us/is-linda-hamilton-set-to-join-the-stranger-things-season-5-cast/articleshow/107800808.cms 

 Cricket-England's Stokes stands by 'Bazball' despite India shellacking
==========

England's Ben Stokes stands by the team's high-risk approach in cricket, known as 'Bazball', despite their heavy defeat against India. India crushed England by 434 runs in the third match in Rajkot, but Stokes remains committed to their bold tactics. Stokes believes that the team can still win the five-test series and will be aiming to win the next two matches. The England batters have faced criticism for poor shot selection, including Joe Root's ill-advised reverse scoop. India's opener Yashasvi Jaiswal scored an unbeaten 214, hitting 12 sixes. Ravindra Jadeja was awarded the player-of-the-match for his match-haul of seven wickets and a century in the first innings. Despite the defeat, Stokes remains confident in the team's approach and is focused on winning the series.

#Cricket #England #India #BenStokes #'bazball'

https://m.economictimes.com/news/sports/cricket-englands-stokes-stands-by-bazball-despite-india-shellacking/articleshow/107798573.cms 

 Oscar-winning documentary Navalny: How to watch the film?
==========

Alexei Navalny, a high-profile critic of Russian President Vladimir Putin, has died in a prison surrounded by maximum security. An Oscar-winning documentary film has been made about him. Navalny, who had spent time in prison since 2021, died in a prison called 'Polar Wolf' located around 40 miles north of the Arctic Circle. The cause of death has not been officially revealed. The documentary 'Navalny' will be aired by CNN International and CNN on February 17, 2024. It can also be watched on Max, a streaming platform formed from the merger of Discovery+ and HBO Max.

#Navalny #Documentary #Film #VladimirPutin #Prison

https://m.economictimes.com/news/international/us/oscar-winning-documentary-navalny-how-to-watch-the-film/articleshow/107784987.cms 

 Once engine of growth, is China now an 'alternative' investment?
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China's property bust and increasingly interventionist government, along with deepening geopolitical fissures with the United States, have dramatically dimmed its allure as a destination for international capital. Many investors are recategorizing their reduced exposure to China as alternative investments, seeing Chinese stocks and bonds as non-correlated, idiosyncratic plays that can serve as hedges against their core bets. U.S. equity funds' exposure to Chinese stocks has decreased in recent years, and global emerging market funds have also reduced their allocation to China. Chinese bonds have seen outflows for seven straight months, while emerging market ex-China debt funds have attracted inflows. The economic climate in China is seen as "clearly awful" by some investors, but there are still relative optimists who see opportunities for diversification and hedging in the Chinese market.

#China #Investment #Stocks #Bonds #AlternativeInvestment

https://m.economictimes.com/markets/stocks/news/once-engine-of-growth-is-china-now-an-alternative-investment/articleshow/107642118.cms 

 Once engine of growth, is China now an 'alternative' investment?
==========

China's property bust and increasingly interventionist government, along with deepening geopolitical fissures with the United States, have dramatically dimmed its allure as a destination for international capital. Many investors are recategorizing their reduced exposure to China as alternative investments, seeing Chinese stocks and bonds as non-correlated, idiosyncratic plays that can serve as hedges against their core bets. U.S. equity funds' exposure to Chinese stocks has decreased in recent years, and global emerging market funds have also reduced their allocation to China. Chinese bonds have seen outflows for seven straight months, while emerging market ex-China debt funds have attracted inflows. The economic climate in China is seen as "clearly awful" by some investors, but there are still relative optimists who see opportunities for diversification and hedging in the Chinese market.

#China #Investment #Stocks #Bonds #AlternativeInvestment

https://m.economictimes.com/markets/stocks/news/once-engine-of-growth-is-china-now-an-alternative-investment/articleshow/107642118.cms 

 A bank in Ayodhya where only transaction is 'spirituality, inner peace, faith'
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The International Shree Sitaram Bank in Ayodhya attracts over 35,000 account-holders who engage in transactions of 'spirituality, inner peace, faith'. To open an account, one must write 'Sitaram' at least 5 lakh times. The bank has over 35,000 account-holders in India and abroad, and has a collection of 20,000 crore 'Sitaram' booklets from devotees. The number of daily visitors at the bank has increased after the consecration ceremony of the grand temple in Ayodhya. Writing 'Sitaram' and depositing it into the bank is considered a form of prayer and devotees find solace and spiritual enrichment in doing so. By writing the name 84 lakh times, one can attain 'Moksha'.

#Ayodhya #Banking #Spirituality #Faith

https://m.economictimes.com/news/india/a-bank-in-ayodhya-where-only-transaction-is-spirituality-inner-peace-faith/articleshow/107597273.cms 

 5 world market themes for the week ahead
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The Chinese Year of the Dragon is around the corner, but the world's second largest economy is anything but roaring right now. Tough talk from central bankers has made investors less confident about imminent relief from lower interest rates. Stocks may be gearing up for a strong month, even in a bumper earnings season for stocks. If stocks outshone bonds in January, the reverse may be true for February. Chinese inflation data on Thursday will be the next test of the health of its economy. Another big week of U.S. corporate results will help determine if the rally that has taken stocks to record highs can keep going. The UK has kept calm and avoided recession. The 2024 election cycle cranks up a gear, with some of the world's most populous nations heading to the polls.



https://m.economictimes.com/markets/stocks/news/take-five-enter-the-dragon5-world-market-themes-for-the-week-ahead/articleshow/107376596.cms 

 Wall Street Week Ahead: Scorching US economy throws off market's Fed cut narrative
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Robust U.S. economic data is challenging the market's expectation of Federal Reserve rate cuts. The strong growth may continue to drive stocks higher even if the Fed delivers less monetary-policy easing than anticipated. The S&P 500 is up 4% this year after surging 24% in 2023. However, evidence of the economy running too hot for the Fed to cut rates without risking inflationary rebound has jolted the narrative. The latest jobs report showed nonfarm payrolls increased by 353,000 jobs last month, well above expectations. Market expectations of a near-term rate cut have dimmed after the jobs data, with futures reflecting a 70% chance of the central bank lowering borrowing costs at its May 1 meeting. The probability of a March cut stood at about 20%. The strong growth is seen as positive for stocks, especially if accompanied by better-than-expected corporate earnings. S&P 500 earnings are expected to jump nearly 10% in 2024. However, sustained above-trend growth raises fears of an inflationary rebound and could drive Treasury yields up, which can pressure equities. Investors are still pricing in around 125 basis points of Fed cuts this year, down from around 150 basis points priced in earlier this week.

#UsEconomy #FederalReserve #StockMarket #InterestRates

https://m.economictimes.com/markets/stocks/news/wall-st-week-ahead-scorching-us-economy-throws-off-markets-fed-cut-narrative/articleshow/107376545.cms