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☆ North Korea may be Russia's most dangerous ally, Ukraine spy chief says
▼ + stars: | 2024-09-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewIn the wake of the Ukraine war, Russia has formed a close alliance with China, the world's second-biggest economy, and boosted trade ties with other major economies, such as India. AdvertisementFor decades, North Korea has been among the poorest and most isolated Asian countries, with the UN imposing severe sanctions to curtail its nuclear weapons program. However, the Ukraine war enabled North Korean leader Kim Jong Un to improve his situation, forming a valuable security pact with Russian President Vladimir Putin's Russia in June. AdvertisementIn return, Kim has secured new security pledges from Putin, alongside access to valuable Russian military technology. Ukraine is currently battling to hold back intensifying Russian attacks in Donetsk, east Ukraine, but has seized control of a swath of Russian territory in Kursk.

Persons: —, GUR, Kyrylo Budanov, Budanov, Kim Jong, Vladimir Putin's, Kim, Putin Organizations: Service, Business, Kyiv, Reuters, North, US Defense Intelligence Agency Locations: Ukraine, Russia, China, India, North Korea, Vladimir Putin's Russia, Korea, Iran, Donetsk, Kursk

☆ I moved from India to Europe for work and was living my dream. 10 years later, I walked away from it all.
▼ + stars: | 2024-09-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.

Persons: —, Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America

☆ India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.

Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China

☆ We are not artificially keeping the Indian Rupee strong, says RBI Governor
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are not artificially keeping the Indian Rupee strong, says RBI GovernorShaktikanta Das, Reserve Bank of India's Governor discusses the reasons behind Indian Rupee's relative stability against the U.S. dollar the past 2 years.

Persons: Shaktikanta Das Organizations: Reserve Bank, India's, U.S .

☆ Why Louisiana's $1.3 billion shrimp industry could go extinct
▼ + stars: | 2024-09-16 | by ( Robin Lindsay | Dorian Barranco | ) www.businessinsider.com time to read: 1 min

Louisiana catches about 70 million tons of shrimp, but it's not enough to meet America's surging demand. Cheap imports make up 90% of what the US consumes, and most of it is farmed in countries like India using controversial tactics. Dock prices in Louisiana have fallen to compete. Up and down the supply chain, companies worry this may be the last generation of Louisiana shrimpers. This story is available exclusively to Business Insider subscribers.

Persons: It's Organizations: Business Locations: India, Louisiana

☆ India's Bajaj Housing Finance sees shares more than double on debut after stellar IPO
▼ + stars: | 2024-09-16 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Shares of India's Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country's growing real estate sector. Bajaj Housing Finance's blockbuster IPO last week drew bids worth $39 billion, with shares being oversubscribed nearly 64 times. After Monday's debut the total market cap of the company was pegged at about $15.6 billion (1,331.59 billion rupees), exchange data showed. Bajaj Housing Finance, headquartered in Pune, caters to more than 88.11 million customers across the country, according to the company's website. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes.

Organizations: India's Bajaj Housing Finance, National Stock Exchange, Bajaj Housing, Bajaj Housing Finance, Bajaj Finance Locations: India, Pune

☆ RBI Governor: Monitoring for any signs of stress in banking sector
▼ + stars: | 2024-09-16 | 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 EmailRBI Governor: Monitoring for any signs of stress in banking sectorShaktikanta Das, the Governor of the Reserve Bank of India, spoke at length about the strict regulation of the NBFC sector, highlighting the RBI's commitment to maintaining India's financial stability.

Organizations: Shaktikanta Das, Reserve Bank of India

☆ Citi shakes up leadership after $136 million in fines for data quality issues. A memo to employees breaks down what you need to know.
▼ + stars: | 2024-09-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

In July, regulators fined the bank $136 million for failing to fix its data quality issues quickly enough. "Data and technology are intrinsically linked and the maturity and sustainability of our Data Transformation plan require that we leverage technology more," the memo reads. AdvertisementCiti is also appointing a new leader to run its Chief Data Office: Ashutosh Nawani, who previously led enterprise risk management. Nawani will report to Ryan and serve as head of enterprise data office and data transformation. Mehta became chief data officer the following month.

Persons: —, Tim Ryan, Anand Selva, Ryan, we've, Selva, We've, Ashutosh Nawani, Nawani, Japan Mehta, Jane Fraser, Kathleen Martin, Martin, Mehta Organizations: Service, Citigroup, Citi, Business, PricewaterhouseCoopers, Revlon, Data, PwC, OCC Locations: London, Japan, India, Asia, Singapore, New York, Selva

☆ India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
▼ + stars: | 2024-09-15 | by ( ) www.cnbc.com time to read: +2 min

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. In Flipkart's case, a 1,696-page CCI report said the Indian units of Samsung, Xiaomi, Motorola, Vivo, Lenovo and Realme conducted similar practices. Siva Prasad wrote in the Amazon and Flipkart reports, in identical findings. Amazon, Flipkart and the CCI did not respond, and have not so far commented on the reports' findings. Both the CCI reports said that during investigations Amazon and Flipkart "deliberately downplayed" allegations of exclusive launches, but officials found the practice was "rampant".

Persons: Flipkart, Realme, G.V, Siva Prasad, Xiaomi, China's Vivo Organizations: Samsung, Reuters, Antitrust, Competition Commission of India, Amazon, Motorola, Vivo, Lenovo, China's, Bain

☆ Elon Musk's battle for free speech is getting expensive
▼ + stars: | 2024-09-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.

Persons: —, Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil

☆ Turkey's 'balancing act' with BRICS may stoke NATO fears, but the West needn't be too worried, analysts say
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Read previewEarlier this month, a spokesperson for Turkey's ruling AK Party said that a process was "underway" for Turkey to join the BRICS group of emerging-market nations. He now appears to be seeking to maintain what experts have dubbed a "balancing act" between its relations with the West, Russia, and China. "Even if Turkey does join BRICS, I do not believe it is going to lead to a fundamental redefinition of Turkey's relationship with the West." Advertisement"Understanding and collaborating with Turkey's perspective can enhance US and NATO relations with Turkey, irrespective of potential administrative changes in Ankara," Can wrote in an article for the Wilson Center. For its part, the US has remained relatively quiet following the news that Turkey's BRICS ambitions may be inching forward, which Aydintaşbaş said was likely a savvy move aimed at avoiding a public dispute.

Persons: —, Omer Celik, Tayyip Erdoğan's, Aydintaşbaş, Erdogan, Bulent Aliriza, Yusuf, Aliriza, there's, Turkey's Organizations: Service, AK Party, Reuters, Business, United, Saudi, NATO, EU, West, Brookings Institution, Russia, China, Eurasia Program, Center for Strategic, International Studies, Middle, Wilson Center, Wilson, of Europe, France Locations: Turkey, Ankara, Turkish, Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia, Ukraine, United States, Europe, France, West, Russian, U.S, Washington, Kazan

☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

☆ Solo travel is my secret to a healthy marriage. Spending time apart reminds me of why we got married.
▼ + stars: | 2024-09-14 | by ( Hollie Mclaughlin-Martin | ) www.businessinsider.com time to read: +5 min

Solo travel is my secret to a healthy marriage. Solo travel allows me to slow down and remove the power that life's demands can have. When I travel solo, I am forced to sit with myself and examine things that are boiling under the surface. It could also be said that we have both developed new love languages thanks to solo travel; it has created new ways for us to connect. Rather than fend off questions like my coworker's, I smile to myself because solo travel is my secret to a happy marriage.

Persons: —, I've, Matt, we'd, shouldn't, I'm Organizations: Service, Business, San Francisco's Mission, San Locations: Patagonia, Peru, Jaipur, India, Beijing, China, Francisco, Lexington, San Francisco's, Colombia, Japan, Guatemala, San Francisco

☆ The world’s best pizza for 2024 isn’t in Naples – or even in Italy. Here’s where it is …
▼ + stars: | 2024-09-13 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

Una Pizza Napoletana, opened by pizza maestro Anthony Mangieri in March 2022, not only beat out US competitors but also global ones. That includes pizzerias in Naples, Italy, the holy land for pizza aficionados and foodies in general. Why Una Pizza Napoletana? Una Pizza Napoletana is located in the Lower East Side of Manhattan. Una Pizza Napoletana (New York, USA)2.

Persons: Anthony Mangieri, “, ” Mangieri, Don Antonio, Diego Vigtaliano, Mark Weinberg, Una, Anthony, Margherita, Cosacca, Mangieri, ”, Diego Vitagliano, Francesco Martucci, Sartoria Panatieri, Seu Organizations: CNN, CNN Travel, Una, Napoli Locations: Italy, Side, pizzerias, Naples, New, York, United States, New York, South Korea, Bolivia, India, Lower, Manhattan, New Jersey, New Jersey , New York, Connecticut, Amalfi, Una, Houston, USA, Caserta, Tokyo, Japan, Milan, London, England, San Francisco , USA, San Bonifacio, Barcelona, Spain, Rome

☆ 'Reasonable sense' that consumption in India will rebound, economist says
▼ + stars: | 2024-09-13 | 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 Email'Reasonable sense' that consumption in India will rebound, economist saysKrishna Bhimavarapu, Asia-Pacific economist at State Street Global Advisors, shares his prediction on when the Reserve Bank of India will cut interest rates.

Persons: Krishna Bhimavarapu Organizations: State Street Global Advisors, Reserve Bank of Locations: India, Asia, Pacific, Reserve Bank of India

☆ Asia-Pacific markets mostly fall, but China set to rebound from near six-year low
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets mostly fell on Friday, putting a halt to gains from Thursday even as Wall Street's tech rally continued. This was above July's revised figure of 3.6% and also beat expectations of 3.5% from economists polled by Reuters. Hong Kong Hang Seng index futures were at 17,294, higher than the HSI's last close of 17,240. Futures for mainland China's CSI 300 stood at 3,176, just slightly higher than the index's last close, a near six-year low of 3,172.47 on Thursday.

Persons: Australia's Organizations: Opera, Vivid, Anadolu Agency, Getty, Reuters, Nikkei, Futures, China's CSI Locations: Sydney, Australia, Asia, Pacific, India, Hong Kong

☆ India probe finds Amazon, Walmart's Flipkart breached antitrust laws
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +1 min

An employee of Amazon India walks toward a security gate at the company's newly launched fulfillment center on the outskirts of Bangalore. An Indian antitrust investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to reports seen by Reuters. The Competition Commission of India in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements and giving priority to certain listings. Amazon and Flipkart, as well as the CCI, did not immediately respond to Reuters' request for comment. The two companies will now review the report and file any objections before CCI staff decide on any potential fines.

Persons: Flipkart Organizations: Amazon, Reuters, The, of Locations: Amazon India, Bangalore, of India

☆ India’s EV conundrum: To invest in cars or charging points first
▼ + stars: | 2024-09-13 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

A little over two years after the switch, Fernandes regrets her decision: "I'll never ever buy an electric vehicle again." "A 4India’s EV conundrum: To invest in cars or charging points first0% charge should easily take me for another 40km, but it dropped to 0% within 5km," Fernandes said. In India, "Range anxiety" remains a significant hurdle preventing drivers from making the transition from internal combustion engine to EV cars, analysts said. "Charging infrastructure in India's electric vehicle market is still not fully developed, but companies want more vehicles on the road before they invest more. As of August 2023, Tata Motors dominated 72% of India's EV market, followed by MG Motors with with a 10.8% share.

Persons: Carmelita Fernandes, Fernandes, Brajesh Chhibber, Chhibber Organizations: Tata Nixon, CNBC, Bain & Company, McKinsey India, Tata Motors, MG Motors, Mahindra & Mahindra, Citroen, Hyundai, Kia Locations: Indian, Pune, India, Bombay, Maharashtra, Mumbai, Goa, Canalys

☆ Samsung shares fall as workers' strike at India plant continues after talks fall through
▼ + stars: | 2024-09-13 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Workers stage a protest to demand higher wages and recognition of their union, at Samsung India's plant in Sriperumbudur, near Chennai on September 11, 2024. Shares of Samsung Electronics fell as much as 3% on Friday, as workers at its southern Indian plant continued to strike, disrupting production at the consumer electronics unit for a fifth day. Hundreds of workers have been on strike since Monday, demanding the electronics conglomerate to recognize their union, raise wages and reduce working hours. The plant, located in the city of Chennai in southern India, makes electronic appliances including televisions, refrigerators and washing machines. Samsung Electronics is one of the leading players in India's smartphone and electronic appliances market.

Organizations: Samsung, Samsung Electronics, union's, Reuters Locations: Sriperumbudur, Chennai, India

☆ Same-sex marriage was on a roll in Asia. Not anymore
▼ + stars: | 2024-09-13 | by ( Chris Lau | ) edition.cnn.com time to read: +11 min

The winning formulaMore than 30 jurisdictions worldwide now recognize same-sex marriage, according to the Pew Research Center. Since the first same-sex marriage law was passed in the Netherlands in 2001, progress has been made mostly in Europe, the Americas and Australasia. Gay couples cut a wedding cake in Amsterdam on April 1, 2001 after the first same-sex marriage law was passed in the Netherlands. But on the national level, Japan does not recognize same-sex marriage and local courts have returned conflicting verdicts on the issue. Up to 68% of Japan’s adults support same-sex marriage, the highest share in Asia, according to the Pew Research Center.

Persons: Pokpong Jitjaiyai, ”, Pokpong, Watit Benjamonkolchai, Suen, Nadia Rahman, Marcel Antonisse, Kangwan Fongkaew, ” Kangwan, Jennifer Lu, ” Lu, Taiwan’s, Tsai Ing, Sanjit, Chanakarn Laosarakham, Carl Court, Asia’s, Anish Gawande, Narendra Modi, Gawande, Kazuhiro Nogi, –, Hiroshima’s, Scuffles, Andrew Kim, Roslan Rahman, Shawna Tang, Hong Kong’s, Peter Newman, ” Suen, CNN’s Samra, Yoonjung Seo, Aishwarya Iyer Organizations: Hong Kong CNN, Thailand’s Senate, CNN, Chinese University of Hong, Pew Research, Amnesty, Racial Justice, Refugees, Migrants, Getty, Burapha University, Presidential, List, Court, Japan, Seoul Queer Culture, Christian, Korea University’s College of International Studies, University of Sydney, Appeal, University of Toronto’s, Inwentash, Social Locations: Hong Kong, Bangkok’s, Siam, Thailand’s, Bangkok, Thailand, Southeast Asia, Taiwan, Nepal, Asia, Chinese University of Hong Kong, Netherlands, Europe, Americas, Australasia, Myanmar, Malaysia, Sri Lanka, Brunei, Bangladesh, Indonesia’s ultraconservative, Aceh, United Kingdom, Amsterdam, China, Kathmandu, AFP, Taiwan's, Taipei, India, List India, India’s, Delhi, Tokyo, Japan, South Korea, Daegu, Seoul, Korea, Singapore, aren’t, –, Beijing, Indonesia

☆ I'm 43 and my honeymoon was the only time I traveled without my parents. Now that I'm divorced, I'm trying solo travel.
▼ + stars: | 2024-09-13 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

The one time she didn't join me was the honeymoon I spent with my former husband in 2008. I never went on vacation with girlfriendsBefore and after my marriage, I spent every break with the people who raised me. Around his mid-50s, he decided he didn't like traveling much and generally preferred to stay at home. But Mom went ahead and enjoyed herself, thinking it was funny. Meanwhile, I'm turning 44 in November and have decided to celebrate with a trip to Bali.

Persons: —, Minreet Kaur, I'd, I've, Kaur, We've, Mom, I'm Organizations: Service, Business Locations: Sri Lankan, Kandy, North Wales, Canada, India, Europe, Valencia, Las Vegas, Abu Dhabi, Cyprus, Sri Lanka, Japan, Bali

☆ Pope Francis, in Singapore, urges fair wages for migrant workers
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.

Persons: Pope Francis, ”, Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, “, Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome

☆ Ford in talks to restart making cars in India for export
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +1 min

Ford Motor held talks with India's Tamil Nadu state to explore producing vehicles for export, the state's chief minister said, potentially signaling that the U.S. carmaker could restart production in India after exiting the country three years ago. Ford sold one of its two plants in India to Tata Motors in 2023. Its other plant, which is in Chennai in Tamil Nadu state, was shuttered. "Had a very engaging discussion with the team from Ford Motors. Explored the feasibility of renewing Ford's three decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world," M.K.

Persons: Ford, M.K, Stalin Organizations: New York, Auto, Ford Motor, Tata Motors, Ford Motors, Tamil Locations: Manhattan , New York City, U.S, Tamil, India, Asian, Chennai, Tamil Nadu

☆ U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +4 min

The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Developing nations have long demanded permanent seats on the Security Council, the most powerful body in the United Nations. The 193-member U.N. General Assembly has annually discussed reform of the Security Council for more than a decade. Each year the General Assembly elects five new members from different geographical groups for two-year terms on the Security Council.

Persons: Linda Thomas, Greenfield, Joe Biden's, Antonio Guterres, Guterres, U.N, Thomas Organizations: United, United Nations Security, Pacific, Security, Security Council, United Nations, Council, Foreign Relations, Thomas, Reuters, General, General Assembly, Washington Locations: United States, U.S, Africa, Gaza, Thomas, India, Japan, Germany, United, New York, Washington, Russia, China, France, Britain, U.N, Ukraine

☆ Nikkei jumps 3%, leading Asia-Pacific markets higher
▼ + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A General view showing the Central Business District in Central on May 18, 2023 in Hong Kong, China. Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street after a volatile session spurred by inflation data. Japan's producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon. The listing is set to be the largest offering in Hong Kong since May 2021.

Persons: Jensen Huang, Goldman Sachs, Hong Organizations: Central Business District, Nikkei, Nvidia, Technology Conference, SK Hynix, Samsung Electronics, SoftBank, Bank of Japan, Reuters, Midea Locations: Central, Hong Kong, China, Asia, Pacific, San Francisco, Tokyo, India

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