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☆ Raj Ganguly of B Capital discusses investment focus for their $750 million new fund
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaj Ganguly of B Capital discusses investment focus for their $750 million new fundB Capital closes its second Opportunities Fund at $750 million. Co-founder and Co-CEO Raj Ganguly discusses where the money may be going.

Persons: Raj Ganguly Organizations: B Capital, Capital

☆ Two Dead, Scores Injured After Police Open Fire in India's Manipur State
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Tora AgarwalaGUWAHATI, India (Reuters) - At least two people were killed and scores injured in India's northeastern Manipur state after security forces opened fire at a mob in Churachandpur district late on Thursday, a police official said, as sporadic violence continued in the region. Churachandpur, home to the Kuki-Zo community, was among the first areas in the state to witness ethnic clashes when violence first erupted in May. About 400 people stormed the district police chief's office at around 7.30 p.m. (1400 GMT), demanding the order be revoked. The official said about 25 people were injured, and were being treated in hospital. The Indigenous Tribal Leaders' Forum (ITLF), an apex tribal body, warned district police chief Shivanand Surve, who had issued the suspension order, to leave Churachandpur within the next 24 hours.

Persons: Tora Agarwala, Shivanand Surve, Sudipto Ganguly, Kim Coghill Organizations: Security, Authorities, Indigenous Tribal Leaders ' Locations: Tora Agarwala GUWAHATI, India, India's, Manipur, Churachandpur, Kuki, Myanmar

☆ Myanmar Border Guards Flee to Bangladesh Amid Clashes With Rebels
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Ruma Paul and Sudipto GangulyDHAKA (Reuters) - At least 95 Myanmar border guards, some of them wounded, have fled to Bangladesh over the last few days as fighting intensifies between rebel forces in Myanmar and the junta regime, officials in Bangladesh said on Monday. Members of the Myanmar Border Guard Police (BGP) entered Bangladesh with their weapons and 15 of them had bullet wounds when they crossed the border, Shariful Islam, a spokesman for Border Guard Bangladesh, said on Monday, adding that the wounded received treatment at different hospitals. Bullets and mortar shells from across the Myanmar border landed on Bangladesh territory on Monday, killing at least two people, a government official in Cox's Bazar said. Panic has gripped the refugee camps in Myanmar with many waiting to cross over to Bangladesh as supply chains have been cut off due to the ongoing conflict, according to Rohingya refugees in Bangladesh. Some of the Rohingya Muslims want to flee here as they are living in constant fear without basic needs," Rohingya refugee Oli Hossain said.

Persons: Ruma Paul, Sudipto Ganguly, Mohammed Mizanur Rahman, Rahman, Mohammad Shamsud Douza, Oli Hossain, Nick Macfie Organizations: Sudipto Ganguly DHAKA, Myanmar Border Guard Police, Border Guard Bangladesh, Bangladesh Locations: Myanmar, Bangladesh, Bangladesh's, Cox's Bazar, Islam, Bandarban, Bazar

☆ At Least 10 Police Personnel Killed in Attack on Police Station in Pakistan - Police
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

NEW DELHI (Reuters) - At least 10 police personnel were killed and six more injured in a militant attack on a police station in northwest Pakistan on Monday, police said. The South Asian nation has seen an escalation in incidents of violence in the last few days as it approaches its national elections later this week. (Reporting by Saud Mehsud in Dera Ismail Khan, Pakistan; writing by Sakshi Dayal; editing by Sudipto Ganguly)

Persons: Saud Mehsud, Dera Ismail, Sakshi Dayal, Sudipto Ganguly Locations: DELHI, Pakistan, Dera Ismail Khan

☆ Sri Lanka passes controversial bill to regulate online content
▼ + stars: | 2024-01-25 | by ( Rhea Mogul | Morayo Ogunbayo | ) edition.cnn.com time to read: +3 min

CNN —Sri Lanka’s lawmakers passed a bill on Wednesday regulating internet use among its citizens, in a move that has sparked fears among rights groups of a free speech crackdown. “Sri Lanka is still reeling from an economic crisis partly caused by misgovernment and failures of accountability,” said Human Rights Watch Deputy Asia Director Meenakshi Ganguly in a statement Tuesday. Then-President Gotabaya Rajapaksa was forced to flee the country after angry protesters, who blamed him for the financial situation, stormed his residence. But rights groups have accused him of cracking down on dissent and silencing protesters. “Sri Lanka’s repressive laws have facilitated widespread human rights violations for decades and contributed to economic and political crises,” said Ganguly.

Persons: ”, Lanka’s, Meenakshi Ganguly, “, Wickremesinghe, Jeff Paine, Gotabaya Rajapaksa, Rajapaksa, Ganguly Organizations: CNN, Safety, Rights Watch, Asia Internet Coalition, United Nations Human Rights Locations: Lanka’s, Sri Lanka, Lankans

☆ Sri Lanka Votes on New Law to Regulate Online Content
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Uditha JayasingheCOLOMBO (Reuters) - Sri Lanka's lawmakers are set to vote on a social media regulation bill on Wednesday which opposition politicians and activists allege will muzzle free speech. The Online Safety Bill proposes jail terms for content that a five-member commission considers illegal and make social media platforms such as Google, Facebook and X, formerly known as Twitter, liable for those posted on their platforms. President Ranil Wickremesinghe's government says the bill is aimed at battling cyber crimes including child abuse, data theft and online fraud. This is why we are bringing this law," Public Security Minister Tiran Alles said on Tuesday while introducing the bill. "We unequivocally stand by our position that the Online Safety Bill, in its current form, is unworkable and would undermine potential growth and foreign direct investment into Sri Lanka's digital economy," the AIC said in a statement.

Persons: Uditha Jayasinghe, Bill, Ranil Wickremesinghe's, Wickremesinghe, Tiran Alles, Eran Wickramaratne, Jana Balawegaya, Sudipto Ganguly, Raju Gopalakrishnan Organizations: Reuters, Google, Facebook, Twitter, Public, Asian Internet Coalition, AIC, Yahoo, Sri, Wednesday Locations: Uditha Jayasinghe COLOMBO, Sri Lanka, Lanka's

☆ Pakistan's Civil, Military Leaders to Review Iran Standoff -Minister
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

By Asif ShahzadISLAMABAD (Reuters) - Pakistan's top civilian and military leaders will carry out a security review on Friday regarding the standoff with neighbouring Iran, the information minister said, following their strikes on each other with drones and missiles. Pakistan's Thursday strikes on separatist militants inside Iran were a retaliatory attack two days after Tehran said it struck the bases of another group within Pakistani territory. Caretaker Prime Minister Anwaar ul Haq Kakar will chair a meeting of the National Security Committee at which the review is to be done, with all the services chiefs in attendance. It aims at a "broad national security review in the aftermath of the Iran-Pakistan incidents," the minister, Murtaza Solangi, told Reuters by telephone. (Reporting by Asif Shahzad; Writing by Sudipto Ganguly; Editing by Christopher Cushing)

Persons: Asif Shahzad, Anwaar ul Haq, Murtaza Solangi, Sudipto Ganguly, Christopher Cushing Organizations: Caretaker, National Security, Reuters Locations: Asif Shahzad ISLAMABAD, Iran, Tehran, Pakistan, Israel

☆ Nepal urges Russia not to recruit its citizens into army; says six killed
▼ + stars: | 2023-12-05 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

The Nepal government said in a statement that six of its nationals, who had been serving the Russian army, were killed, without providing any details. Diplomatic efforts were underway to get one Nepali citizen serving the Russian army and captured by Ukraine released, the statement added. Nepal also urged its citizens not to join the army of any war-torn country. English daily, The Kathmandu Post, quoted Milan Raj Tuladhar, Nepal's ambassador in Moscow, as saying that 150-200 Nepalis were working as mercenaries in the Russian army. Millions of Nepali nationals are employed in civilian work mainly as labourers in industries and construction sites in South Korea, Malaysia and the Middle East.

Persons: Phil Noble, Milan Raj Tuladhar, Gopal Sharma, Sudipto Ganguly Organizations: Brigade, Catterick Garrison, REUTERS, Thomson Locations: Richmond, Britain, Nepal, Moscow, India, China, Russia, Ukraine, Kathmandu, Russian, South Korea, Malaysia, Lincoln

☆ IMF says Sri Lanka debt deal could help board clear first bailout review
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The deal comes about a month after Sri Lanka's agreement with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while clearing the IMF review could trigger a second tranche of about $334 million in funds. "These understandings pave the way for the IMF Executive Board to consider completion of the first review of Sri Lanka's four-year Extended Fund Facility Arrangement," Peter Breuer, IMF's mission chief for Sri Lanka, said in a statement. "We look forward to the Executive Board taking up this review by mid-December and the continuation of our productive collaboration with Sri Lanka in the period ahead." Sri Lanka plunged into its worst financial crisis in seven decades last year after its foreign exchange reserves dwindled to record lows.

Persons: Yuri Gripas, Lanka's, Peter Breuer, IMF's, Nandalal Weerasinghe, Uditha Jayasinghe, Sudipto Ganguly, Clarence Fernandez, Steohen Coates Organizations: Monetary Fund, REUTERS, Rights, International Monetary Fund, Sri, Export, Import Bank of, IMF, Asian Development Bank, World Bank, Thomson Locations: Washington , U.S, Import Bank of China, Sri Lanka's, Sri Lanka

☆ Sri Lanka reaches debt restructuring deal with creditor nations - government source
▼ + stars: | 2023-11-29 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

"Sri Lanka has been informed of an agreement," the source, who did not want to be identified, said. The Sri Lanka president's office and the finance ministry did not immediately respond to requests for comment. Japan co-chairs the official creditor committee, together with France and India. China is Sri Lanka's largest bilateral creditor and is an observer in the group, steering clear of joining the group as a formal member. The ADB's funds are part of a $350 million special policy-based loan that was approved in May to support Sri Lanka.

Persons: Nandalal Weerasinghe, Takafumi Kadono, Sudipto Ganguly, Jacqueline Wong, Kim Coghill Organizations: Reuters, Export, Import Bank of China, International Monetary Fund, Asian Development Bank, World Bank, ADB, Thomson Locations: COLOMBO, Sri Lanka, Japan, France, India, China, Sri Lanka's, Colombo, Sri

Rohingya traditionally take to sea in October, at the end of the rainy season, on journeys fraught with danger. Of 3,572 Rohingya who have left on 34 boats this year, 31% of them were children, data showed. In 2022, one of the deadliest years for the Rohingya at sea, a fifth of the about 3,705 people who fled were children. "Children making the boat journeys was not a trend before," said Mohammed Mizanur Rahman, Bangladesh's refugee relief and repatriation commissioner based in Cox's Bazar. With little hope of settling in Bangladesh or being accepted elsewhere, they feel they have no choice but to take to sea, Rahman said.

Persons: Riska, Chris Lewa, Mohammed Mizanur Rahman, Rahman, taka, Mohammed Taher, Ruma Paul, Sudipto Ganguly, Krishna N, Das, Robert Birsel Organizations: REUTERS, Rights DHAKA, Malaysia, Thomson Locations: Sabang, Aceh province, Indonesia, Bangladesh, Myanmar, Bangladeshi, Cox's Bazar, Arakan, Southeast Asia, Indonesia's Aceh, South Asia, Dhaka, Mumbai

With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.

Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU

Money market traders are betting September's hike was the last, with almost 90 basis points of rate cuts priced by the end of 2024. European shares underperforming their U.S. counterparts was a common expectation amongst the survey's European respondents as the robust American economy looks more likely to achieve a 'soft landing' than Europe. European shares are much cheaper than those in the U.S., possibly reflecting the worse economic outlook. The STOXX Europe 600 trades at over 12 times 12-month forward earnings, a 35.6% discount to the S&P 500 (.SPX). "Still, as the broader economic slowdown takes hold of the continent's markets, we expect to see a rather challenging second half of 2024."

Persons: Chris Beauchamp, Thomas Monteiro, Germany's DAX, Fiona Cincotta, Cincotta, Investing.com's Monteiro, Monteiro, Samuel Indyk, Danilo Masoni, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Jason Neely Organizations: IG, European Central Bank, ECB, Investing.com, FTSE, Bank of England, Thomson Locations: Europe, Germany, riskier, U.S, Bengaluru

☆ S&P 500 to see small gain in 2024 as US economic risks rise - Reuters poll
▼ + stars: | 2023-11-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

The S&P 500 is up about 18% for 2023 to date. WFII sees the S&P 500 ending next year between 4,600 and 4,800. Geopolitical problems are among other risks to the market heading into 2024, strategists said, with investors closely watching the war between Israel and Hamas militants in Gaza. Overall S&P 500 earnings growth for 2023 is estimated at 2.3% after a weak first half of the year, according to LSEG data. The S&P 500 index's forward 12-month price-to-earnings ratio is now at 19.1, up from 17 at the end of 2022 and its long-term average of about 16, based on LSEG data.

Persons: Brendan McDermid, Paul Christopher, WFII, CME's, Goldman, Tim Ghriskey, Ingalls & Snyder, Dow, Caroline Valetkevitch, Chuck Mikolajczak, Sinead Carew, Stephen Culp, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Reuters, Wall, Federal, Wells, Wells Fargo Investment Institute, U.S, Ingalls &, Dow, Alexandra Hudson Our, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza, New York, Monday's, Bengaluru

☆ Battle-hardened by tough win over New Zealand, India await final test
▼ + stars: | 2023-11-16 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

India arrived at the Wankhede Stadium, where they lifted their second and last World Cup trophy in 2011, looking invincible, winning all nine round-robin matches without any stiff challenge, including a four-wicket win over New Zealand. India had also exited the 2015 edition of the 50-over World Cup at the semi-final stage with a defeat to Australia. "Today being the semi-finals, I wouldn't say that there was no pressure," India captain Rohit Sharma told host broadcaster Star Sports, adding that the team wanted to treat the match as just another round-robin game. "Whenever you play the game, there is always pressure, and obviously, semi-final adds a bit of extra there. Sharma will be hoping that his team leave the mistakes behind as they head Ahmedabad for Sunday's final where they will meet either Australia or South Africa.

Persons: Adnan Abidi, Kane Williamson's, Rohit Sharma, Daryl Mitchell, Williamson, Sharma, Mohammed Shami, Ravindra Jadeja, We've, Sudipto Ganguly Organizations: Cricket, ICC Cricket, New Zealand, Wankhede, Rights, India, New, Black Caps, Star Sports, Shami, Sunday's, Thomson Locations: India, New, Mumbai, Rights MUMBAI, New Zealand, Ahmedabad, Australia, South Africa

☆ India win toss, bat first against New Zealand in semi-final
▼ + stars: | 2023-11-15 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +2 min

[1/13] Cricket - ICC Cricket World Cup 2023 - Semi-Final - India v New Zealand - Wankhede Stadium, Mumbai, India - November 15, 2023 India's Virat Kohli celebrates after reaching his 50th century, breaking Sachin Tendulkar's record of most number of ODI centuries REUTERS/Adnan Abidi Acquire Licensing RightsMUMBAI, Nov 15 (Reuters) - India captain Rohit Sharma won the toss and elected to bat in the first World Cup semi-final against New Zealand at the Wankhede Stadium on Wednesday. The venue, where India won their last 50-overs World Cup title, has hosted four day-night contests so far at this tournament with three of those being won by the team batting first. Australia were the only team to win batting second at the ground after Glenn Maxwell hit an unbeaten double hundred. For Wednesday's contest, both India and New Zealand were unchanged from their previous match. New Zealand captain Kane Williamson said he would have batted first as well.

Persons: India's Virat Kohli, Sachin Tendulkar's, Adnan Abidi, Rohit Sharma, Glenn Maxwell, we've, Sharma, I've, Kane Williamson, Williamson, they've, Shubman Gill, Virat Kohli, Shreyas Iyer, Suryakumar Yadav, Ravindra Jadeja, Jasprit Bumrah, Mohammed Shami, Kuldeep Yadav, Mohammed Siraj, Devon Conway, Rachin Ravindra, Daryl Mitchell, Tom Latham, Glenn Phillips, Mark Chapman, Mitch Santner, Tim Southee, Lockie Ferguson, Trent Boult, Sudipto Ganguly, Peter Rutherford Organizations: Cricket, ICC Cricket, New Zealand, Wankhede, Rights, India, Black, KL Rahul, Thomson Locations: India, New, Mumbai, Rights MUMBAI, Australia, New Zealand, Dharamsala . New Zealand, South Africa, Eden, Ahmedabad, Zealand

☆ Williamson lauds incredible India after semi-final loss
▼ + stars: | 2023-11-15 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 15 (Reuters) - New Zealand captain Kane Williamson on Wednesday heaped praise on India after losing the World Cup semi-final at the Wankhede Stadium, saying the unbeaten hosts were simply the best side around and were playing outstanding cricket. Williamson was proud of his team's fight during the chase but had no qualms in giving credit to India, who have won all their 10 matches in the tournament. "India are playing seriously good cricket, they're a class side at the top of their game and to come out in a semi-final and continue and repeat what they've been doing throughout this competition shows where they're at as a team," Williamson told reporters. "They're the best team in the world and they're all playing their best cricket, so that's tough. Williamson was effusive in his praise for Mitchell, who also scored 130 in New Zealand's round-robin stage match against India at Dharamsala last month.

Persons: Kane Williamson, Daryl Mitchell, Mohammed Shami, Williamson, they've, Mitchell, he's, Sudipto Ganguly, Toby Davis Organizations: New Zealand, India, England, Thomson Locations: MUMBAI, New, India, Dharamsala

☆ Kohli's record 50th ton helps India set New Zealand 398-run target
▼ + stars: | 2023-11-15 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +2 min

The venue, where India won their last 50-overs World Cup title, has hosted four day-night contests so far at this tournament with three of those being won by the team batting first. Australia were the only team to win batting second at the ground after Glenn Maxwell hit an unbeaten double hundred. India have looked invincible so far, winning all nine of their round robin matches including a four-wicket victory over the Black Caps in Dharamsala. New Zealand, however, defeated India at the same stage of the 2019 edition. Reporting by Sudipto Ganguly; editing by Peter Rutherford and Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: India's Virat Kohli, Devon Conway, Tim Southee REUTERS, Adnan Abidi, Virat Kohli, Kohli's, Sachin Tendulkar, Lockie Ferguson, Kohli, Tendulkar, David Beckham, Tim Southee, Shreyas, Rohit Sharma, Shubman Gill, Gill, Glenn Maxwell, Sudipto Ganguly, Peter Rutherford Organizations: Cricket, ICC Cricket, New Zealand, Wankhede, Rights, England, India, Black, Christian, Thomson Locations: India, New, Mumbai, Rights MUMBAI, Australia, Dharamsala . New Zealand, South Africa, Eden, Ahmedabad

☆ U.S. Treasury yields have peaked, say strategists for fourth straight month
▼ + stars: | 2023-11-14 | by ( Sarupya Ganguly | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBENGALURU, Nov 14 (Reuters) - U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. The benchmark 10-year Treasury note yield breached the 5% mark last month for the first time since July 2007, more than a full percentage point above its August low of 3.96%. Yet, when asked whether the 10-year note yield had peaked in the current cycle, an overwhelming 94% majority of respondents, 30 of 32, said it had. The interest-rate sensitive 2-year Treasury note yield , currently at 5.04%, was expected to decline about 20 basis points by end-January, before falling to 4.00% in a year, according to the survey. If realized, this would mean a complete reversal of the inverted spread between yields of U.S. 2-year and 10-year Treasury notes - historically a reliable indicator of impending recession - by end-October 2024.

Persons: Dado Ruvic, Thomas Simons, Mike Sanders, Sarupya Ganguly, Prerana Bhat, Purujit Arun, Anitta Sunil, Sujith Pai, Christina Fincher Organizations: REUTERS, Rights, Treasury, Reuters, Federal Reserve, Hamas, Jefferies, Madison Investments, Thomson Locations: U.S, Israel

The death toll from Bangladesh's outbreak in 2023 is 1,476 as of Nov. 12, with 291,832 infected, official data showed. "These seasonal pattern changes are creating the ideal situation for breeding of Aedes mosquito. Dengue is common in South Asia during the June-to-September monsoon season as the Aedes aegypti mosquito, which spreads the disease, thrives in stagnant water. "This year we have seen different symptoms for dengue fever," physician Janesar Rahat Faysal told Reuters. "I had to deal with two dengue patients, my sister and my niece.

Persons: Mohammad Ponir Hossain, Kabirul Bashar, Bashar, Janesar Rahat Faysal, Sirazus Salekin Chowdhury, Ruma Paul, Sudipto Ganguly, Gerry Doyle Organizations: Mugda Medical College and Hospital, REUTERS, Rights DHAKA, Hospitals, Jahangirnagar University, Reuters, Thomson Locations: Dhaka, Bangladesh, South Asia

☆ One killed as garment workers clash with police in Bangladesh over pay rise - police
▼ + stars: | 2023-11-08 | by ( Ruma Paul | ) www.reuters.com time to read: +1 min

[1/3] Security forces remain vigilant in front of the garment factories, following clashes between garment industry workers and police over pay, at the Ashulia area, outskirts of Dhaka, Bangladesh, November 8, 2023. REUTERS/Mohammad Ponir Hossain Acquire Licensing RightsDHAKA, Nov 8 (Reuters) - One female worker was killed and several others were injured in Bangladesh on Wednesday during clashes between police and stone-throwing garment workers who are demanding a bigger pay rise, police said. Following a week of deadly clashes between garment industry workers and police over pay, the Bangladesh government on Tuesday said that the minimum wage would rise by 56.25% to 12,500 taka ($114) a month from Dec. 1, the first increase in five years. Police said they used teargas and rubber bullets to break up protests by hundreds of workers who rejected the new pay rise and took to streets in the garment hub of Gazipur, on the outskirts of the capital Dhaka. Low wages have helped Bangladesh build its garment industry, with some 4,000 factories employing 4 million workers, supplying brands such as H&M and GAP.

Persons: Mohammad Ponir Hossain, Ashraf Uddin, Ruma Paul, Sudipto Ganguly Organizations: Security, REUTERS, Rights DHAKA, Police, GAP, Thomson Locations: Dhaka, Bangladesh, Gazipur

☆ India's New Delhi to restrict use of vehicles to curb air pollution - minister
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

People walk on 'Kartavya Path' amidst the morning smog as air pollution levels declined in New Delhi, India, November 6, 2023.REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Nov 6 (Reuters) - India's Delhi city will restrict use of vehicles for a week between Nov. 13 and 20 to curb air pollution, the local government's environment minister said on Monday, as air quality remained in the "severe" category despite mitigation efforts. The rule would allow vehicles with odd number plates to ply on odd dates and similarly vehicles with even registration numbers will be allowed on road on alternate days. Air quality was 'severe' for a third consecutive day in the city on Monday, according to the federal pollution control body, forcing the city government to extend the closure of primary schools until Nov. 10. "There is a possibility that air pollution will rise after the Diwali," Gopal Rai, Delhi's environment minister, said, referring to the Hindu festival on Nov. 12 during which firecrackers, which are banned, are often set on fire, worsening air pollution. Reporting by Shivam Patel; additional reporting by Amlan Chakraborty; editing by Sudipto GangulyOur Standards: The Thomson Reuters Trust Principles.

Persons: Anushree, Gopal Rai, Shivam Patel, Amlan Chakraborty, Sudipto Ganguly Organizations: REUTERS, Sri, Thomson Locations: New Delhi, India, DELHI, Delhi, Sri Lanka, Bangladesh

☆ Fed done hiking rates, but higher for longer message gaining traction
▼ + stars: | 2023-10-18 | by ( Prerana Bhat | ) www.reuters.com time to read: +4 min

Several Fed officials have indicated that may work as a substitute to further rate rises, while still stressing rates will remain higher for longer. Over 80% of economists, 91 of 111, had no rate cut in their forecast until at least the second quarter of next year. That 55% majority slipped from over 70% in a September poll, extending a trend of rate cut calls being pushed to later. As recently as July, a majority of economists polled said the Fed would start cutting by end-March. All but two of 28 respondents to an extra question said the bigger risk was the first rate cut comes later than they expect.

Persons: Brett Ryan, Jerome Powell, it's, Lawrence Werther, Prerana Bhat, Rahul Trivedi, Sarupya Ganguly, Ross Finley, Jonathan Cable Organizations: U.S . Federal Reserve, Reuters, Fed, Deutsche Bank, Economic, of New, Daiwa, Thomson Locations: BENGALURU, of New York

☆ 2026 Milano-Cortina sliding events to be held outside Italy: organisers
▼ + stars: | 2023-10-16 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

The sliding centre hosts the bobsleigh, luge and skeleton competitions during the Games and Italy's plan to reconstruct a sliding centre where an old, defunct venue existed had hit obstacles from the very start of preparations. To not go ahead with a sliding centre and move the sliding competition to an already existing and working venue. "It's the Olympic Games, so there's a lot of implications. It's not just renting a sliding centre and go and take the competition. Hong Kong, which returned to China in 1997 but still has its own separate National Olympic Committee, hosted the equestrian events of the 2008 Beijing Olympics.

Persons: Giovanni Malago, Denis Balibouse, Malago, it's, Andrea Varnier, It's, Sudipto Ganguly, Karolos, Karolos Grohmann, Peter Rutherford Organizations: National Olympic Committee, Milano, Cortina, Games, REUTERS, Rights, International Olympic Committee, Olympic Games, Olympic Committee, IOC, Thomson Locations: Lausanne, Switzerland, Rights MUMBAI, Italy, Austria, Germany, France, Stockholm, Melbourne, Australia, Hong Kong, China, Beijing

☆ Cricket, flag football, lacrosse, squash, baseball-softball make 2028 Games cut
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Lacrosse, squash and baseball-softball had also been proposed by LA Games organisers for inclusion and received approval at an IOC meeting in Mumbai. The LA Games proposal is for a six-team Twenty20 cricket tournament for men and women. The tournament is played in the same T20 format that the game will feature in during the LA 2028 games. Flag football is a non-contact format of American football played by teams of five. American football last featured as a demonstration sport in 1932 LA Games.

Persons: Niharika Kulkarni, Sudipto Ganguly, Karolos, Toby Chopra, Peter Rutherford Organizations: International Olympic Committee, 141st IOC, REUTERS, Rights, Los Angeles Games, Lacrosse, LA, IOC, Games, Cricket, Twenty20, Indian Premier League cricket, Olympic, Paris Games, Summer, Thomson Locations: Mumbai, India, Rights MUMBAI, Tokyo, Paris

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