DIRS.INFO The most relevant business & tech news

☆ Dollar finds footing as traders turn to U.S. services data
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +3 min

US Dollar notes and euro coins are arranged for a photograph on Sept. 11, 2017. The dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting on an interest rate decision in Canada and on U.S. services data. Japanese real wages fell for a 25th straight month in April, data on Wednesday showed, as inflation outpaces nominal pay rises. The Swiss franc rose for a fourth straight session on the dollar overnight and at 0.8902 per dollar is close to breaking through its 200-day moving average. The New Zealand dollar was steady at $0.6173, while the Canadian dollar held the middle of a months-long range at C$1.3678 per dollar.

Persons: Jane Foley, Ryozo Himino, Narendra Modi, Chris Weston Organizations: Swiss, Bloomberg News, Bank of, Rabobank, BOJ, Westpac, New Zealand, African National Congress, Morena Locations: Canada, U.S, Bank of Japan, Asia, Japan, Morena

☆ India's stock markets erase $371 billion after ruling BJP falls short of election expectations
▼ + stars: | 2024-06-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The All India Market Capitalization index , tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4 alone. India's markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The BJP-led National Democratic Alliance (NDA) coalition, however, clinched 294 seats, managing to retain the parliamentary majority, crossing the 272 required to form the government. In the previous general election in 2019, the BJP secured 303 seats, and the NDA won 353 seats. A Goldman Sachs report issued early Wednesday said that "even with a reduced majority, we don't think macro stability will be compromised."

Persons: Narendra Modi's, Modi, Goldman Sachs, — Organizations: Bombay Stock Exchange, Bombay, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Developmental Inclusive Alliance coalition, Indian National Congress, Goldman Locations: Bombay, Mumbai, India, INDIA, Lok

☆ Indians Are Finally Standing Up to Modi’s Politics of Hate - The New York Times
▼ + stars: | 2024-06-05 | by ( Anjali Mody | ) www.nytimes.com time to read: +2 min

For weeks, the announcement of India’s election results loomed as a moment of dread for millions of people who cherish the country’s commitment to secular democracy. Mr. Modi has towered over India since first sweeping to power in 2014. His government, which also included 50 parliamentarians from minor coalition partners, ran roughshod over the opposition. The opposition I.N.D.I.A. alliance — formed by the once-dominant Indian National Congress and more than two dozen mostly regional parties — nearly equaled the B.J.P.

Persons: Narendra Modi —, Modi, God, — Organizations: Bharatiya Janata Party, Indian National Congress Locations: India

☆ Analysis: Voters reject Modi’s vision for one-party state in India’s 2024 election
▼ + stars: | 2024-06-05 | by ( Rhea Mogul | ) edition.cnn.com time to read: +7 min

According to most polls, India’s election was a foregone conclusion. Prime Minister Narendra Modi’s right-wing, Hindu-nationalist alliance was expected to secure a supermajority – and with it the power to enact radical change unopposed. To Modi’s critics and opponents, India was on the fast track to becoming a de-facto one-party state. Going into this election, Modi had set a goal of winning 400 seats in the lower house of parliament, or Lok Sabha. The BJP’s inability to secure an outright majority “pricks the bubble of Modi’s authority,” wrote political scientist Pratap Bhanu Mehta Tuesday night.

Persons: Narendra Modi’s, Modi, Bharatiya Janata Party wouldn’t, God, ”, Pratap Bhanu Mehta, “, Jawaharlal Nehru, Ritesh Shukla, Arathi Jerath, India’s, Arvind Kejriwal, Critics, –, ” Mehta, Sanjay Singh, “ Modi, Neelanjan Sircar Organizations: CNN, Bharatiya Janata Party, …, BJP, Aadmi Party, ‘, National Democratic Alliance, Center for Policy Research Locations: India, Lok Sabha, –, Ayodhya, New Delhi, Delhi

☆ Trump ally Nigel Farage's return could be an 'extinction event' for the Conservatives ahead of UK election
▼ + stars: | 2024-06-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Honorary President of the Britain's right-wing populist party Reform UK and newly appointed leader Nigel Farage speaks during a campaign meeting, on June 3, 2024, ahead of the UK general election of July 4. Nigel Farage on June 3, 2024 said he would stand as a candidate for the anti-immigration Reform UK party at the UK general election next month, after initially ruling out running. LONDON — The shock return of Brexit figurehead Nigel Farage to the political fray could be the final nail in the coffin for Prime Minister Rishi Sunak's ruling Conservative Party ahead of its almost certain defeat in the upcoming U.K. elections. But, critically, it threatens to deprive key votes from the Conservatives, who are already trailing opposition Labour in the polls by a dramatic margin. "Even if Reform don't win seats, they'll drain key votes away from the Conservatives," Olivia O'Sullivan, director of Chatham House's U.K. in the World programme, told CNBC over the phone.

Persons: Nigel Farage, Rishi Sunak's, Farage, Donald Trump, —, Olivia O'Sullivan, Tony Blair's, Keir Starmer, Tony Travers Organizations: Reform UK, UK, Conservative Party, U.S, Reform, Brexit Party, Conservatives, Labour, Chatham House's, CNBC, London School of Economics, Party Locations: Clacton, England

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ India's Narendra Modi declares victory despite election blow
▼ + stars: | 2024-06-04 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

India's Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Indian Prime Minister Narendra Modi declared victory in the country's election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties. The wider BJP-led National Democratic Alliance (NDA) looks set to win a combined 294 parliamentary seats, according to local media. "People have placed their faith in NDA, for a third consecutive time! This is a historical feat in India's history," Modi said on X as counting was nearing a conclusion.

Persons: Narendra Modi, —, Modi Organizations: India's, Bharatiya Janata Party, BJP, Indian, National Democratic Alliance Locations: New Delhi

☆ Early Election Results Suggest Sharp Turnaround for Indian National Congress
▼ + stars: | 2024-06-04 | by ( Sameer Yasir | More About Sameer Yasir | ) www.nytimes.com time to read: +1 min

In India’s last general election, in 2019, Prime Minister Narendra Modi’s party won 303 of 543 parliamentary seats — nearly six times as many as the main opposition party, the Indian National Congress. But early election results on Tuesday indicated a far stronger showing than expected for the Congress. “Whatever the final results, one thing is clear — it is a moral victory for Congress and our leader Rahul Gandhi, and defeat for B.J.P.,” said Robin Michael, a political worker, referring to Mr. Modi’s Bharatiya Janata Party. While there was no indication that Congress and the opposition coalition it leads would scrape together a majority to unseat Mr. Modi, party workers said that they had dented Mr. Modi’s aura of invincibility. They praised Mr. Gandhi, the Congress party’s most prominent figure and a great-grandson of Jawaharlal Nehru, India’s first post-independence prime minister.

Persons: Narendra Modi’s, jubilation, Rahul Gandhi, ”, Robin Michael, Modi’s, Mr, Modi, Gandhi, Jawaharlal Nehru, India’s Organizations: Indian National Congress, Congress, Modi’s Bharatiya Janata Party Locations: New Delhi

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ Preliminary results project Claudia Sheinbaum to become Mexico’s first female president
▼ + stars: | 2024-06-03 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Mexico is set to elect its first female president, with preliminary results showing Claudia Sheinbaum, Mexico City’s former mayor and climate scientist, is on track to win the country’s largest election in history. The 61-year-old rode the wave of popularity of her longtime political ally, the outgoing leftist Mexican President Andrés Manuel López Obrador, and their Morena party. Not only is she set to be Mexico’s first female president, Sheinbaum will also be the country’s first leader of Jewish heritage, although she rarely speaks publicly about her personal background and has governed as a secular leftist. Supporters of Claudia Sheinbaum celebrate during an election rally in Mexico City on June 2, 2024. If the court validates the election, Sheinbaum will take office on October 1.

Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador, Xóchitl Gálvez, Jorge Álvarez Máynez, Sheinbaum’s, Luis Antonio Rojas, Jesús María Tarriba Unger, López Obrador, coy Organizations: CNN, National Electoral Institute, National Action, Institutional Revolutionary, Democratic Revolution, Citizens ’ Movement, Bloomberg, Getty, Morena, Mexico City, Judicial, Federation Locations: Mexico, Morena, Mexico City

No results Tie Win Lead Win Lead Win Lead No results N.D.A. Win Lead Win Lead Win Lead Other INDIA N.D.A. Win Lead Win Lead Win Lead INDIA Other N.D.A. Win Lead Win Lead Win Lead Other N.D.A. Win Lead Win Lead INDIA Win Lead

Persons: Narendra Modi, Modi’s Organizations: N.D.A, INDIA Modi’s, Modi’s Bharatiya Janata Party, Party Coalition Locations: India, N.D.A

☆ Brexit figurehead and Trump ally Nigel Farage to run in UK election after U-turn
▼ + stars: | 2024-06-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Nigel Farage, leader of Reform UK, during a news conference in London, UK, on Monday, June 3, 2024. LONDON — British politician and media personality Nigel Farage, best known for leading the Brexit campaign, announced Monday he would run in the U.K.'s general election next month. Farage had said he would not stand as a parliamentary candidate for his Reform party in order to focus on supporting Donald Trump's U.S. presidential campaign. Farage previously led the UK Independence Party, which rose to prominence in the 2010s on a platform of quitting the European Union, reducing immigration and opposing multiculturalism. This later became the right-wing populist Reform Party under a new leader, while Farage stepped away from politics and focused on media commentary.

Persons: Nigel Farage, Farage, Donald Trump's, —, Rishi Sunak, Keir Starmer Organizations: Reform, LONDON, UK Independence Party, European Union, UKIP, Brexit Party, Party, Conservative Party, Labour Party, Labour Locations: London, British

☆ Brexit Champion Nigel Farage Says He Will Run in U.K. Election
▼ + stars: | 2024-06-03 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

Nigel Farage, the pro-Brexit campaigner and serial disrupter of British politics, on Monday announced plans to run as a candidate in Britain’s general election next month, dealing a new setback to the prospects of the country’s embattled prime minister, Rishi Sunak. The surprise announcement from Mr. Farage, who represents an insurgent hard right movement, threatens to upend an election campaign by taking votes from Britain’s governing Conservative Party. Divisive, charismatic and famed for his communication skills, Mr. Farage was one of the architects of Brexit, which a slim majority of Britons supported in a 2016 referendum. His earlier decision not to run in the election was thought by some analysts to have sapped momentum from Reform U.K., the successor to the Brexit Party he once led. Mr. Farage last month said that he would not seek a parliamentary seat because he wanted to prioritize supporting Donald J. Trump’s electoral campaign in the U.S. Mr. Farage is a longtime ally of the former president and campaigned for him in 2020.

Persons: Nigel Farage, Rishi Sunak, Farage, Sunak, Donald J Organizations: Monday, Conservative Party, Labour Party, Brexit, Reform, Brexit Party Locations: U.S

☆ Nigel Farage enters UK election race, in more bad news for Sunak’s Conservatives
▼ + stars: | 2024-06-03 | by ( Christian Edwards | Luke Mcgee | ) edition.cnn.com time to read: +5 min

While that might not be enough to win Reform more than a few seats, it could contribute to the Conservatives losing dozens more seats to Labour. The Conservatives’ Farage problem will not fade soon. As well as becoming leader, Farage announced he is “coming back for the next five years.”“We already know that the Conservative Party will be in opposition. The weaker the Conservative Party is after the election, the more heat Farage can put on them. There are as many in the Conservative Party who find Farage appalling as there are who’d like to see him join the party.

Persons: Nigel Farage, ”, Farage, Rishi Sunak, Donald Trump, “, I’ve, It’s, Farage’s, Sunak Organizations: London CNN, Conservative Party, European Union, Reform, Independence Party, UKIP, Conservatives, Labour Party, Labour, Tories, Conservative Locations: Clacton, Manhattan, London, Rwanda

☆ Israel-Gaza War: Live Updates
▼ + stars: | 2024-06-02 | by ( Aaron Boxerman | Mike Ives | ) www.nytimes.com time to read: +6 min

Two Israeli officials confirmed that Mr. Biden’s proposal matched an Israeli cease-fire proposal that had been greenlit by Israel’s war cabinet. “Put your money where your mouth is.”But at home, Mr. Netanyahu faces a host of competing pressures. Yair Lapid, the leader of Israel’s parliamentary opposition, also urged Mr. Netanyahu to take the deal as outlined by Mr. Biden. He repeated that his party would back Mr. Netanyahu’s government if hard-liners like Mr. Ben-Gvir, the national security minister, left over a hostage release deal. Political analysts said Mr. Netanyahu has tried to avoid that scenario, as it would make him dependent on some of his harshest critics.

Persons: Biden, Benjamin Netanyahu, Israel, Netanyahu, Netanyahu’s, Biden’s, ” Mr, Mr, — Bezalel Smotrich, Itamar Ben, Gvir, Ben, ”, “ Biden, ‘, Uzi Arad, “, Cheriss, Gil Dickmann, Carmel Gat, Kibbutz, Dickmann, Benny Gantz, Gantz, Yair Lapid, Mr . Biden Organizations: Hamas, ”, Gaza Health Ministry, Palestinian, White, ., The New York Times, Kibbutz Be’eri, Mr Locations: Israel, Gaza, Tel Aviv

☆ Opinion | South Africa Is Not a Metaphor
▼ + stars: | 2024-06-01 | by ( Lydia Polgreen | ) www.nytimes.com time to read: 1 min

If you want to understand why the party that liberated South Africa from white rule lost its parliamentary majority in the election this week, you need to look no further than Beauty Mzingeli’s living room. The first time she cast a ballot, she could hardly sleep the night before. “We were queuing by 4 in the morning,” she told me at her home in Khayelitsha, a township in the flatlands outside Cape Town. “We couldn’t believe that we were free, that finally our voices were going to be heard.”That was 30 years ago, in the election in which she was one of millions of South Africans who voted the African National Congress and its leader, Nelson Mandela, into power, ushering in a new, multiracial democracy.

Persons: ”, Nelson Mandela Organizations: National Congress Locations: South Africa, Khayelitsha, Cape Town

☆ Modi's BJP-led alliance projected to win parliamentary majority in India's election, exit polls show
▼ + stars: | 2024-06-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

India's Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a parliamentary majority. According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections. If the exit polls, which have a patchy record, are confirmed, Modi will serve for another five years as the country's prime minister — a position he has held since 2014.

Persons: Narendra Modi, Modi, —, Hajra, Anand Rathi Organizations: India's, Bharatiya Janata Party, NDTV, BJP, National Democratic Alliance, Monetary Fund, Brokers, CNBC Locations: India

☆ South Africa's ruling ANC loses majority in country's most sweeping political shift in 30 years
▼ + stars: | 2024-06-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

South Africa's governing African National Congress lost its parliamentary majority of 30 years, in the country's most sweeping political shift since the end of the apartheid. The six-months-old uMkhonto weSizwe party of the country's former president Jacob Zuma, established in December, clinched 14.6% of votes. The result marks a meteoric fall for ANC from the 57.5% wrested during the previous election of 2019 — at the time, the party's weakest feat since South Africa's first democratic vote in 1994. In 2022, the World Bank named South Africa "the most unequal country in the world." "Top-of-mind issues for voters are unemployment, loadshedding, corruption, and crime, which have all taken a toll on the country's growth performance for years," analysts at Deloitte said at the start of the month.

Persons: Jacob Zuma, Long Organizations: African National Congress, ANC, Democratic Alliance, Marxist Economic, Fighters, World Bank, Deloitte Locations: South Africa

☆ Mexico is about to have a woman president. Why hasn’t the US?
▼ + stars: | 2024-06-01 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The current front-runner in Mexico’s presidential election, Claudia Sheinbaum, is on the ballot because her party’s popular president, Andrés Manuel López Obrador, must step aside. The Supreme Court has a woman as chief justice in part because justices in Mexico serve 15-year terms. I talked to Debbie Walsh, director of the Center for American Women and Politics at Rutgers, The State University of New Jersey, about obstacles American women face in politics. More elected women are Democrats, which might seem obvious. Walsh does think the US will ultimately elect a woman as president.

Persons: CNN’s Tara John, That’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Debbie Walsh, Donald Trump, Walsh, ” Walsh, it’s, ”, Gretchen Whitmer, “, Hillary Clinton, Kamala Harris, Joe Biden, Biden, Harris, Trump, Nikki Haley, “ She’s Organizations: CNN, CNN International, US Supreme Court, Center for American Women, Rutgers, The State University of New, US, Inter, Parliamentary, Michigan Gov, Democratic, Republican, District of Locations: Mexico, The State University of New Jersey, Georgia, Florida, Vermont, District of Columbia

☆ South Africa's election portal resumes showing partial results after brief glitch
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: 1 min

Voters during the South Africa general elections on May 29, 2024 in Johannesburg, South Africa. Live updates of partial results from South Africa's parliamentary election reappeared on the electoral commission's website, following a glitch of at least two hours. The prints are closely watched amid early indications that the country's governing African National Congress, the liberation party of Nelson Mandela, could lose its parliamentary majority for the first time in the 30 years since it assumed governance. The electoral commission's portal was briefly blank at 06:08 a.m. London time, but once more displayed results by 08:23 a.m. in London, according to CNBC monitoring.

Persons: Nelson Mandela Organizations: South, African National Congress, CNBC Locations: Africa, Johannesburg, South Africa, South Africa's, London

Two weeks after being shot and seriously wounded in an assassination attempt, Prime Minister Robert Fico of Slovakia was released from the hospital on Thursday and taken to his home in Bratislava, the capital. Miriam Lapunikova, the director of the hospital in central Slovakia where Mr. Fico underwent several rounds of surgery, told the TV3 television station that the prime minister’s condition had stabilized sufficiently for him to continue treatment at his residence. Mr. Fico, a combative populist who took office in October after eking out a narrow victory in a parliamentary election, has not spoken publicly since he was shot on May 15 in the Slovak town of Handlova during a meeting with supporters. His return to Bratislava suggested that he would resume control of a government that opponents have accused of eroding democracy and of putting Slovakia on the same authoritarian path taken by Prime Minister Viktor Orban in neighboring Hungary.

Persons: Robert Fico, Miriam Lapunikova, Fico, eking, Viktor Orban Organizations: TV3 Locations: Slovakia, Bratislava, Slovak, Handlova, Hungary

☆ New Scandal Engulfs South Korean Leader in Wake of Marine’s Death
▼ + stars: | 2024-05-30 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

The South Korean marines were sent in after monsoon rains flooded a rural section of the country’s heartland last July. When the ground gave way, five of them were swept away in the churning brown water and one, Lance Cpl. Nearly a year later, the death of the 20-year-old marine has become an impeachment threat for South Korea’s leader, President Yoon Suk Yeol. The South Korean military is no stranger to tragic accidents, but this latest episode has evolved into the first major political crisis for Mr. Yoon since his party’s crushing defeat in parliamentary elections last month. The career military officer who investigated Lance Corporal Chae’s death has accused the Defense Ministry of whitewashing the probe and absolving top military brass of responsibility — all under pressure from Mr. Yoon.

Persons: Lance Cpl, Chae Su, Yoon Suk, Yoon, Corporal Chae’s Organizations: South, Defense Ministry Locations: United States, Korea, China

☆ South Africans Turn Away from Ruling Party, Early Election Results Show
▼ + stars: | 2024-05-30 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

South Africans were on edge Thursday as votes trickled in from a tight national election, with early returns showing poor results for the African National Congress, the party that has governed the country for three decades. — for the first time — would need to form a coalition with one or more rival parties in order to stay in power. In South Africa’s parliamentary system, President Cyril Ramaphosa, the leader of the African National Congress, would need the support of members of the opposition in order to serve a second term. would significantly change South African politics, and also its policies, shifting the country away from a government dominated by a single party to one held together by fragile coalitions. in small municipalities, but has been fraught in large cities like Johannesburg, where it has led to political infighting.

Persons: —, Cyril Ramaphosa Organizations: African National Congress Locations: Africa’s, Johannesburg

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Mexico’s next president will be a woman. But violence has overshadowed the glass ceiling being shattered.
▼ + stars: | 2024-05-29 | by ( Tara John | ) edition.cnn.com time to read: +11 min

Sheinbaum is riding on a wave of popularity with the support of her long-time ally, Mexican President Andrés Manuel López Obrador, and their leftist Morena party. Mexico's President Andrés Manuel López Obrador gestures during an event in Mexico City. It was a strategy that saw the son of Mexican drug lord Joaquin “El Chapo” Guzman released on the orders of López Obrador in 2019 to avoid bloodshed. The Supreme Court upheld an opposition complaint and ordered López Obrador to return the National Guard to civilian jurisdiction. Amid ongoing “gender-based violence, including femicides and disappearances,” Kloppe-Santamaría said, getting a female president at this moment feels “very paradoxical.”

Persons: Claudia Sheinbaum, “, Sheinbaum, –, Andrés Manuel López Obrador, Xochitl Gálvez, Raquel Cunha, ” Stephanie Brewer, ”, López Obrador’s, Enrique Peña Nieto’s, Ulises Ruiz, Galvez, ” Gálvez, …, ” Brewer, Felipe Calderón, “ Militarization, López Obrador, Joaquin “ El Chapo ” Guzman, Armando Perez Luna, Ivan Macias Ivan Macias, Brewer, Falko Ernst, Gema, Santamaría Organizations: CNN, Mexico City, PAN, Reuters, Washington Office, Latin, Mexico’s National Institute of Statistics, –, coy, Mirador, AFP, Getty, National Guard, Defense, Defense . Police, National Action Party, REUTERS, Crisis, ” CNN, Defence, George Washington University ., Galvaz, Mexico City police Locations: Mexico, ”, Chiapas, Mexico’s, Guatemala, Morena, Mexico City, “ Mexico, Latin America, WOLA, Mirador San Miguel, Lagos de Moreno, Jalisco State, militarization, Maravatio, Michoacan, Mexican, femicides

Search resuls for: "Parliamentary"

25 mentions found