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Free trade agreement with India won't be 'free-for-all deal': UK minister

Oct 04, 2022

The minister, who is leading the final round of India-UK FTA negotiations on the British side, pointed out that the intention is to reduce barriers to trade bilaterally and balancing each side's different requirements on product and market access.

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Banks divert gold supply from India to China, Turkey: Sources

Oct 04, 2022

Leading gold suppliers to India - which include ICBC Standard Bank, JP Morgan and Standard Chartered - usually import more gold ahead of festivals and store it in vaults.

Elon Musk

Elon Musk proposes to proceed with Twitter takeover: Report

Oct 04, 2022

Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped.

India ready to contribute to peace efforts in Ukraine: PM Modi

India ready to contribute to peace efforts in Ukraine: PM Modi

Oct 04, 2022

India is articulating its position against the Ukraine war more robustly to counter criticism that it is soft on Russia, but it still has neither held Moscow responsible for the invasion nor altered its policy on importing cheap Russian oil and coal. Russia invaded Ukraine on Feb. 24.

Commenting on India’s plans for self-reliance in semiconductors, Qualcomm CEO said there is an opportunity for the country to work with partners.

Global semiconductor supply crisis no longer a problem: Qualcomm

Oct 04, 2022

“I think we are getting behind the shortage. We no longer see this as a problem. We made a prediction at the beginning of the year that supply and demand will normalise at the end of the calendar year 2022," says Cristiano Amon, President & CEO, Qualcomm.

Experts feel besides other smartphone makers, the new rule will affect Apple the most as it will be forced to change the charging port for iPhones and other devices for its users in the EU.

EU passes single charger reform for electronic devices; How will it affect global market

Oct 04, 2022

The European Union has 27 countries in its bloc and is home to 450 million people. Such a big regulatory change can often disrupt global industry norms, which is known as the Brussels Effect.

Physicists Alain Aspect, John F. Clauser and Anton Zeilinger

French, US and Austrian physicists share Nobel Prize for work on quantum science

Oct 04, 2022

Alain Aspect, John F. Clauser and Anton Zeilinger were cited by the Royal Swedish Academy of Sciences for "pioneering quantum information science.”

The economic impact of job vacancies has been severe as more than half of Canadian businesses have said that labour shortages are limiting their ability to increase production

Canada to modify Express Entry rules from 2023; here are the proposed changes

Oct 04, 2022

The new rules will be effective from 2023. Besides, the country is also planning to issue Invitations to Apply for Permanent Residence (ITA) to candidates with specific work experience and education.

S&P 500 futures ESc1 rose 0.6%, following a 2.6% bounce for the index overnight. 

Britain's tax backdown bounces stocks and sterling

Oct 04, 2022

In trade thinned by holidays in China and Hong Kong, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%, led by a 2.5% gain in Australia.

The Tesla Inc chief executive suggested that Crimea, which Moscow seized in 2014, be formally recognized as Russia, that water supply to Crimea be assured and that Ukraine remain neutral.

Elon Musk, Ukraine President Zelenskiy in Twitter showdown over billionaire's Ukraine peace plan

Oct 04, 2022

Musk, the world's richest person, proposed UN-supervised elections in four occupied regions that Moscow last week moved to annex after what it called referendums

Indian doctors to be hired by Singapore

Singapore plans to hire 180 doctors from India in three years

Oct 04, 2022

Singapore has been recruiting doctors from other countries in order to address their ‘heavy workload’ and to supplement their healthcare capacity needs.

Trump, who in 2020 lost a re-election bid to Democrat Joe Biden, has not said whether he would seek re-election.

Donald Trump sues CNN claiming defamation, seeks $475 mn in punitive damages

Oct 04, 2022

Trump claims in his lawsuit, filed in US District Court in Fort Lauderdale, Florida, that CNN had used its considerable influence as a leading news organization to defeat him politically.

Analysts at Citi said that widening credit spreads could exacerbate market fears and damage counterparty confidence, as well as drive funding costs higher.

Credit Suisse in market spotlight despite moves to calm concerns

Oct 04, 2022

Some analysts and industry sources said the bank had enough capital and cash to deal with any crises. One analyst said investors feared the bank's ability to execute on a turnaround strategy, which it is due to reveal on Oct. 27.

Brent crude futures LCOc1 for December delivery rose $3.72 to $88.86 a barrel, a 4.4% gain.

Crude oil prices jump about $4 as OPEC+ weighs biggest output cut since 2020; Brent hits $88.86/bbl

Oct 04, 2022

Oil prices have declined for four straight months since June, as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging US dollar weighed on global financial markets.

World Health Organisation

‘Consider global COVID declining trend with caution,’ warns WHO

Oct 03, 2022

India’s active caseload currently stands at 36,126. Active cases now constitute 0.08 per cent of the country's total Positive Cases, according to union health ministry data. At least 3,011 new cases were reported in the last 24 hours.

Kim Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens. (Photo: AP)

Kim Kardashian to pay $1.26 million fine for promoting crypto without disclosure

Oct 03, 2022

The SEC said Kim Kardashian failed to disclose that she was paid to publish a post on her Instagram account about EMAX tokens, a crypto asset security being offered by EthereumMax.

Paabo has spearheaded research comparing the genome of modern humans and our closest extinct relatives, the Neanderthals and Denisovans, showing that there was mixing between the species.

Nobel prize in medicine awarded to Swedish scientist Svante Paabo for research on evolution

Oct 03, 2022

Thomas Perlmann, secretary of the Nobel Committee, announced the winner Monday at the Karolinska Institute in Stockholm, Sweden.

The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed.

Credit Suisse property fund postpones planned capital hike

Oct 03, 2022

"The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," the Swiss bank noted.

Thirty-year gilt yields surged on Kwarteng's "mini-budget" on Sept. 23 before falling when the Bank of England launched an emergency bond-buying plan

UK government bond yields fall after U-turn on tax

Oct 03, 2022

Thirty-year gilt yields were down by about seven basis points, falling as low as 3.750%.

The latest deliveries fell short of Tesla's production of 365,923 vehicles, which is rare for the automaker which has seen its deliveries higher or similar to production in many of recent quarters.

Tesla's logistical challenges overshadow record deliveries

Oct 03, 2022

Tesla delivered 343,830 electric vehicles, a record for the world's most valuable automaker, but less than the 359,162 analysts on average had expected, according to Refinitiv.

Brent crude futures LCOc1 rebounded $2.82, or 3.3%, to $87.96 a barrel by 2337 GMT after settling down 0.6% on Friday

Oil prices jump more than 3% as OPEC+ mulls output cuts; Brent crude hits $87.96/bbl

Oct 03, 2022

Oil prices have tumbled for four straight months since June as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging US dollar weighed on global financial markets.