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Post Modi-Trump meet, India and the US will work towards a more detailed bilateral agreement for nuclear reactors, after the Civil Liability for Nuclear Damage Act (CLNDA) is amended in the Parliament, senior government officials told Moneycontrol.
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On December 30, Ukraine and Russia conducted a significant prisoner swap, with Ukraine bringing home 189 former prisoners of war (POWs). President Volodymyr Zelensky confirmed the release, which included soldiers, sergeants, officers, and two civilians captured during the Russian occupation of Mariupol in 2022. Zelensky thanked the United Arab Emirates and other international partners for their role in facilitating the swap. The Russian Defence Ministry reported that 150 Russian soldiers were released, though there was a discrepancy in the numbers reported by both sides. Some of the Ukrainian POWs, including border guard Vasyl Neshcheret, were reunited with their families, with Neshcheret vowing to continue serving his country. Videos released by Ukraine showed POWs returning with some holding or wrapped in Ukraine’s blue and yellow flag. Meanwhile, Russia stated its prisoners were transferred to Belarus before heading back to Russia, though there was no immediate explanation for the differences in the numbers.
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Thousands of Imran Khan's supporters defied a lockdown in Islamabad on Monday to demand his release from prison. Khan, who has been incarcerated for over a year on charges that his party claims are politically motivated, remains popular among his followers. His wife, Bushra Bibi, urged the public to join the march, calling it crucial for the nation's future. Pakistani authorities had sealed off the capital, deploying shipping containers and blocking roads to prevent the rally. Clashes erupted as protesters threw stones and bricks while police responded with rubber bullets and teargas. The violence escalated, resulting in the death of at least one police officer and injuries to dozens of others. Khan's party accused the government of using excessive force and arrests. The government warned that "extreme" measures, including a curfew or military deployment, could be implemented if protesters tried to reach Parliament.
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Israel continued its airstrikes on Hezbollah-controlled areas in southern Beirut, with a focus on targeting Hezbollah facilities embedded in civilian buildings. The strikes, which have intensified over the past two weeks, coincide with ongoing U.S.-led efforts to broker a ceasefire. On Sunday evening, Israeli airstrikes demolished two apartment blocks in Beirut’s southern suburbs, a region already heavily bombarded in previous weeks. Israel's offensive against Hezbollah began in September following heightened hostilities linked to the Gaza conflict. The Lebanese Health Ministry reported a rise in casualties, with 29 people confirmed dead after Saturday’s airstrikes. The total death toll from all Israeli strikes since October 2023 has now reached 3,754. Israel's military did not comment on the specifics of Saturday's airstrike in central Beirut but confirmed that its strikes are targeting Hezbollah command centers. This escalation is part of broader Israeli efforts to combat Iran-backed Hezbollah forces operating in southern Lebanon and beyond.
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Bitcoin surged to a record high of $97,902 on November 21, 2024, driven by optimism surrounding a more crypto-friendly regulatory environment under President-elect Donald Trump. Investors speculated that Trump's promises of supporting digital assets would lead to less restrictive regulations, fueling a resurgence in the cryptocurrency market. This rally was also supported by news that Trump’s social media company, Truth Social, was in talks to acquire crypto trading firm Bakkt, which is backed by the NYSE's Intercontinental Exchange. As a result, Bitcoin’s value has more than doubled in 2024 and is approaching the $100,000 mark. The global cryptocurrency market surpassed a $3 trillion valuation, and some UK market vendors reported increased sales from Bitcoin payments. While Bitcoin’s volatility has limited its use as a mainstream payment method, its recent gains suggest it may be on the verge of broader adoption. Pro-crypto lawmakers in the U.S. Congress further support this trend.
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Tim Walz, Kamala Harris's running mate and Democratic vice-presidential nominee, reportedly had a tumultuous love affair with Jenna Wang, the daughter of a Chinese Communist Party official, during his teaching stint in China in 1989. Wang described the relationship as passionate but ultimately devastating, leading her to feelings of anger and suicidal thoughts. The report emerges just before the November 5 US presidential election, amid backlash against Walz for misleading claims about his whereabouts during the Tiananmen Square massacre. Wang criticized Walz’s character, expressing doubts about his integrity as he now seeks a prominent political position.
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The Polish leaders expressed excitement ahead of PM Modi’s two-day visit to Poland.The leaders highlighted how Modi’s visit will boost several sectors and accelerate the development in both the nations. Members of the Indian community in Poland expressed excitement for PM Modi’s upcoming visit. PM Modi will be making official visits to Poland and Ukraine from August 21-23. Watch here for more details -
#pmmodi #Primeminister #poland #indiancommunity
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Domestic travel in the United States has been pressured since the start of the year as more Americans have grown cautious about travel spending on worries about the health of the economy.
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The decrease of 3.4 percent "mainly reflects the impact of lower crude oil volumes sold and weakening refining margins", the company said in a statement posted to the Saudi stock exchange.
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The company had posted a net income of USD 1,860 million in the corresponding period of the previous fiscal. The net income is attributable to equity holders of the parent company.
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The e-commerce giant's third-quarter revenue forecast, however, fell short of analysts' estimates, signaling effects of a tough economy.
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The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion, the midpoint of which is higher than analysts' estimates of $39.1 billion, according to LSEG data.
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Operating income for the key segment, which makes batteries for Tesla and other automakers, posted a 27% year-on-year decline to 21.6 billion yen ($141.97 million).
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Narasimhan said consumers in many markets have gotten more cautious with their spending and are staying home. Starbucks' comments mirrored those at McDonald’s, which said earlier this week that its same-store sales fell 1% in the April-June period.
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The AI chips designed by AMD are largely bought by cloud computing giants. Industry insiders and Wall Street view AMD's line of AI chips as one of the few potentially viable competitors to Nvidia, which dominates the market. Shares of Nvidia rose 4.7% following the AMD report.
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The company, whose shares shed about $3 billion in value, competes with the likes of TikTok and Meta Platforms-owned Facebook and Instagram - the preferred platforms for advertisers because of their larger user base and higher engagement for targeted ads.
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"In the second half of 2024, AI servers are expected to take up a larger portion of the (memory) market as major cloud service providers and enterprises expand their AI investments," Samsung said in a statement.
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German automakers have been struggling with lacklustre demand for EVs, coupled with tough local competition in China, supply bottlenecks and persistently high interest rates.
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Operating profit for the three months ended June was 4.3 trillion won ($3 billion), compared with the 4.2 trillion won median estimate compiled by Bloomberg.
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The Anglo-Dutch consumer group’s underlying operating margin was almost 20% in the first half, compared with around 18% expected by analysts. Volume growth also ramped up as some shoppers started buying more branded goods again as inflationary pressures eased.
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Nestle now expects sales to grow at least 3%, lower than the roughly 4% it had previously targeted.
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The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter.
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The company sold 1,154,700 vehicles globally, compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe.
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The stakes are high for automakers and suppliers who have for years been betting on rising demand for electric vehicles, as the industry faces slowing sales while investment in capacity and technology development outpace demand.
