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ECB President Christine Lagarde did not absolutely rule out a further hike if needed and said interest rates would have to remain at restrictive levels for some time
Updated : Sep 14, 2023

ECB raises rate to record high and signals end of hikes

That illustrated the dilemma the ECB faced at the meeting: prices are still rising at more than twice its target rate but with high borrowing costs and a downturn in China, overall economic activity is struggling

Saudi Crown Prince Mohammed bin Salman attended the summit in New Delhi.
Updated : Sep 14, 2023

'World has sidelined us': Pakistanis react to India's G20 Summit, visit by 'Shehzada of Saudi Arabia'

Some Pakistanis believed that the summit, which was attended by US President Joe Biden, UK PM Rishi Sunak, and other heads of major economies, would surely benefit India.      

The Miss Universe Organization has undergone a series of policy changes since it was acquired by Anne Jakkaphong Jakrakutatip.
Updated : Sep 14, 2023

No upper age limit for Miss Universe contestants from 2024, organisation announces historic decision

The prestigious beauty pageant which started in 1952 previously allowed only the women between the age of 18 years and 28 years to compete in the contest.

The Conservatives accuse Trudeau of fueling inflation through what they call reckless government spending.
Updated : Sep 14, 2023

Canada PM Trudeau dismisses talk of quitting, acknowledges public 'grumbling'

Trudeau has a deal with the smaller left-of-center New Democrats that will allow them to govern until October 2025, the agreement is non-binding, and could collapse earlier.

The fired executives also failed to cooperate with Goldman Sachs' compliance department.
Updated : Sep 14, 2023

Goldman Sachs fires several executives in transaction banking -memo

Hari Moorthy, the head of transaction banking, was among the people who departed, the person said. He is no longer listed as a registered broker on industry regulator FINRA's website.

For the first half of 2023, Apple held 67% of market share for phones priced over $600, followed by Huawei with 15.6%
Updated : Sep 14, 2023

Apple and Huawei's smartphone rivalry divides China

China remains key for the U.S. tech giant, which unveiled its new iPhone lineup on Tuesday. The company occupies a leading position in China's premium smartphone market.

Arm has already signed up many of its major clients as cornerstone investors in its IPO.
Updated : Sep 14, 2023

SoftBank's Arm valued at $54.5 bln in year's biggest IPO

Arm priced its IPO at $51 per share, at the top of its indicated range, raising $4.87 billion for SoftBank based on 95.5 million shares sold, the company said on Wednesday. Reuters first reported on Arm's decision on the pricing.

The sweeping reorganization is another step in Fraser's strategy to improve profits and streamline the bank
Updated : Sep 14, 2023

Citigroup CEO sets sweeping management changes, job cuts

Shares rose 1.7% after Chief Financial Officer Mark Mason said he was keeping the company's expense guidance unchanged for the year.

Putin and Kim held talks for several hours with their ministers and then discussed world affairs and possible areas of cooperation
Updated : Sep 14, 2023

Putin and North Korea's Kim discuss military matters, Ukraine war and satellites

Putin showed Kim around Russia's most advanced space rocket launch site in Russia's Far East and discussed the possibility of sending a North Korean cosmonaut into space.

WTO Director-General Ngozi Okonjo-Iweala emphasized that the foundation of the past 75 years, built on increased trade and economic ties among nations, is now under threat
Updated : Sep 13, 2023

WTO Chief calls for re-globalisation amidst trade fragmentation

WTO Director-General Ngozi Okonjo-Iweala emphasized that the foundation of the past 75 years, built on increased trade and economic ties among nations, is now under threat

Canadian PM Justin Trudeau chose to stay in his room in Lalit Hotel in New Delhi after his Airbus plane developed a snag. Trudeau did not have any engagement with the Indian government on Monday.
Updated : Sep 12, 2023

Justin Trudeau's plane finally leaves for Canada after technical snag gets resolved

Mohammad Hussain, Press Secretary of Canada PMO, announced on Tuesday that the technical issue with the Airbus plane has been resolved. The plane has been cleared to fly.

Alibaba is undergoing the biggest organisational restructure of its 24-year history.
Updated : Sep 12, 2023

New Alibaba Group CEO lays out strategic priorities for staff

The new CEO, one of Alibaba Group's founders and long-time lieutenant of former chief Jack Ma, is laying out his strategic priorities at a key moment for Alibaba.

The Canadian Armed Forces had sent a plane to pick up Trudeau after the plane he took to Delhi was grounded due to technical issues
Updated : Sep 12, 2023

Canadian PM Justin Trudeau’s departure may get further delayed due to replacement aircraft's unscheduled diversion

Royal Canadian Air Force’s CC-150 Polaris enroute to New Delhi was diverted from London though it was supposed to be routed through Rome, a CBS News report said.

Companies that need to purchase $50 million or more will now need approval from the People's Bank of China (PBOC).
Updated : Sep 12, 2023

China's central bank to scrutinise bulk dollar purchases - sources

The central bank has warned some lenders of their huge dollar purchases on behalf of their corporate clients, according one of the other sources.

In Tinmel and in other villages residents said they had pulled people out of the rubble with their bare hands.
Updated : Sep 12, 2023

Morocco earthquake death toll passes 2,800, survivors camp outdoors

State TV reported late on Monday that the death toll had risen to 2,862, with 2,562 people injured. With much of the quake zone in hard-to-reach areas, authorities have not issued any estimates for the number of missing.

Tesla rallied 10% after Morgan Stanley upgraded the electric car maker to 'overweight' from 'equal-weight'.
Updated : Sep 12, 2023

Wall Street rises as Tesla soars on AI optimism

Meta Platforms jumped 3.25% after a report on Sunday said the social media platform was working on a new, more powerful AI system. Other megacaps also rose, with Amazon climbing 3.5% and Microsoft adding 1.1%.

Brent reached $90 a barrel last week for the first time in 10 months after Saudi Arabia and Russia announced extension of voluntary supply cuts.
Updated : Sep 12, 2023

Brent holds above $90; traders eye U.S., European interest rates as guide to demand

November Brent crude futures rose 28 cents to $90.92 a barrel at 0300 GMT, while U.S. West Texas Intermediate crude futures for October edged 35 cents higher to $87.64.

Morgan Stanley raised its 12-18 month target on Tesla's shares by 60% to $400.
Updated : Sep 12, 2023

Tesla jumps as analyst predicts $600 billion value boost from Dojo

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July.

When Trudeau leaves India, it will end a diplomatic visit that has been perceived as 'cold' by geopolitical experts
Updated : Sep 12, 2023

Justin Trudeau still stranded in India, Canadian Armed Forces’ backup plane en route: Report  

Justin Trudeau India visit: On Sunday, Trudeau’s flight faced a technical snag while trying to depart from Delhi. 

(Image: Reuters)
Updated : Sep 12, 2023

North Korea's Kim Jong Un in Russia amid U.S. warnings not to sell arms

North Korean leader Kim Jong Un has arrived in Russia, Japanese media reported on Tuesday, for what the Kremlin said would be a comprehensive discussion with President Vladimir Putin amid warnings from Washington they should not agree on an arms deal

The quake also damaged parts of Marrakech old city, a UNESCO World Heritage site.
Updated : Sep 11, 2023

Morocco survivors seek aid as earthquake toll passes 2,100

The death toll climbed to 2,122 with 2,421 people injured, state TV reported. Morocco said it may accept relief offers from other countries and will work to coordinate them if needed, according to state TV.