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Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.
Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra
Donald Trump participates in a question and answer session at the National Association of Black Journalists (NABJ) convention at the Hilton Hotel in Chicago, Illinois on July 31. Getty ImagesFormer President Donald Trump, the Republican presidential nominee, drew gasps on Wednesday when he said at the National Association of Black Journalists convention that Vice President Kamala Harris, the presumptive Democratic nominee, had suddenly adopted a Black identity. Trump claimed: “I’ve known her a long time, indirectly, not directly very much, and she was always of Indian heritage, and she was only promoting Indian heritage. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. After that, she was elected president of the association of Black law students in her second year at the University of California, Hastings College of the Law, according to her 2019 memoir.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , Organizations: National Association of Black Journalists, Hilton Hotel, Getty, Republican, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San Locations: Chicago , Illinois, Jamaica, India, Indian, San Francisco
For the 67-year-old award-winning Zimbabwean, music has been the sole focus of his life. “My brother brought it home, and I thought, wow, that guitar,” Mhlanga added. Still, it was through collaboration that he made his mark, working with Zimbabwean music icon Oliver Mtukudzi. Mhlanga released his first solo album in 2000 and has since released more than 10 solo albums, EPs, and collaborative projects. After more than half a century playing his guitar, Mhlanga still aims to transform the African jazz sound.
Persons: CNN —, Louis Mhlanga, , I’ve, , Mhlanga, Ella Fitzgerald, Mahalia Jackson, Shaft, they’ve, ” Mhlanga, Jimi Hendrix, ” , Marvin Gaye, Louis Mlhlanga, Oliver Mtukudzi, Sipho Mabuse, Hugh Masekela, Miriam Makeba, Hope ”, George Duke, James Ingram, Al Jarreau, Andy Narell, Hans Timmermans Organizations: CNN, Isle of Wight Festival, Getty Locations: Isle of Wight, Vietnam, China, India, West Africa, South Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Gold Council says there's been an overall increase in investment demandJuan Carlos Artigas, global head of investment research at World Gold Council, also discusses India's demand for the yellow metal.
Persons: there's, Juan Carlos Artigas Organizations: Gold Council
On a sweltering morning at a truck yard in the northern Indian state of Haryana, he climbed into the cab of his 10-wheel tractor-trailer, started the engine and rumbled slowly onto the highway. Mr. Khan, 49, is a driver for Chetak Logistics, a major Indian trucking company. He stopped every couple of hours at roadside tea stands and restaurants, devouring snacks and chatting with other truck drivers. “I drive in a very leisurely manner,” Mr. Khan said. What’s the hurry?”For those who earn their living navigating the unpredictable highways of India, Mr. Khan was voicing an unimpeachably sensible mantra.
Persons: Ragib Khan, Khan, Mr, Organizations: Chetak Logistics Locations: Haryana, Indian, Bengaluru, India
Air India will start flying from Delhi to New York in November. One of its brand-new Airbus A350 jets was displayed at the Farnborough Airshow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAir India announced in July that it will fly its Airbus A350 jets to Newark and JFK Airports in just a few months. Two years ago, the government sold Air India to the Tata Group conglomerate, and former Scoot CEO Campbell Wilson was hired to lead the transformation.
Persons: , Campbell Wilson Organizations: Airbus, Farnborough, Service, Air India, JFK Airports, Indian, Air, Tata Group, Business Locations: India, Delhi, New York, Newark, Air India
AdvertisementSeveral cities have been trying to take advantage of the new policy, including Dubai, Milan, and more. A recently relocated hedge fund manager in Milan is planning to visit London or New York six or seven times a year going forward. "The best type of knowledge comes from people, from frequent interaction with people," said a Milan-based hedge fund manager. Several people — based in spots such as Dubai, Milan, and Zurich — mentioned that people early in their careers should still prioritize working in the biggest cities though. Moving to the Middle East just to interact with fellow UK ex-pats doesn't add much diversification to a portfolio manager's life.
Persons: , Julian Robertson, Muyshondt, Elena Partners, Steve Cohen's Point72, Sebastian Dickgiesser, Girish Chouhan, aren't, COVID, I'm, Alfonso Peccatiello, he's, Darren Wolf, abrdn, It's, Wolf, Zoom Organizations: Service, Tyrian Investments, Business, Labour, Henley & Partners, United Arab, Eisler Capital, Capstone Investment Advisors, Getty, London, Investors, , pats Locations: New York, Cascais, Portugal, Lisbon, London, Florida, Hong Kong, Dubai, Milan, China, United Arab Emirates, Italy, Point72, Girish Chouhan Dubai, Abu Dhabi, India, East, Europe, Madrid, Zurich, Amsterdam, Netherlands, Brera, , Milan's Brera, UAE
Olympic and Paralympic medals are shown during the unveiling of the Paris 2024 Olympic and Paralympic Games Medals on February 1, 2024 in Paris, France. Pascal Le Segretain | Getty Images Sport | Getty ImagesThe Paris 2024 Olympics is well underway, with dozens of medals already handed out. Vivian Kong won Hong Kong's first medal at the Paris Games, topping the podium in the women's epee individual event. Vaughn Ridley | Getty Images Sport | Getty ImagesOther governments dangling six-figure cash rewards for their gold medalists include Israel, Malaysia, Kazakhstan and Indonesia. Gold medalists receive 20,000 euros ($22,000).
Persons: Pascal Le Segretain, Hong, Administration Chan Kwok, ki, Vivian Kong, Hong Kong's, Cheung Ka, Siobhan Bernadette Haughey, Joseph, Michael Phelps, Vaughn Ridley, Man Wai Vivian Kong Organizations: Paris, Paralympic, Getty, International Olympic, CNBC, Olympic, Hong Kong, Tokyo, Administration, HK, Paris Games, Singapore, United, Rio, Tokyo Games, Germany's Sports Aid Foundation, Indian Olympic Association, Team Hong Kong, Olympic Games, Grand Palais Locations: Paris, France, Hong Kong, Singapore, United States, Israel, Malaysia, Kazakhstan, Indonesia, Grand
I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. - Falsely claimed he was “protected” under the Presidential Records Act for taking official documents after his presidency. - Falsely claimed that “everybody,” including Democrats, wanted Roe v. Wade overturned and the issue of abortion policy returned to individual states. - Falsely claimed that Haris “didn’t pass” the bar exam.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , ” Harris, , ‘ Mazel, Joe Biden’s, Biden, Roe, Wade, Haris “ didn’t, Four Trump, Brian Sicknick, Sicknick, ” CNN’s Andrew Kaczynski, Em Steck, Julie In Organizations: Washington CNN, Republican, National Association of Black Journalists, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San, South, Black, United States Senate, Trump, Central, Biden, Presidential, Capitol, Capitol Police, Washington Post Locations: Jamaica, India, Indian, San Francisco, American, California, Asian, Jamaican
She’s Kim Yeji, the 31-year-old South Korean sharpshooter who has taken social media by storm following her appearance at the Paris Olympics. Kim won silver at the 10-meter air pistol event on Sunday, with her 19-year-old teammate Oh Ye Jin taking the gold. The platform’s owner, Elon Musk, meanwhile commented that Kim “should be cast in an action movie.”Kim, a first-time Olympian, will next compete at the qualifying round of the 25-meter pistol event on Friday. Kim (left) on the podium alongside gold-medal-winning team mate Oh Ye Jin and bronze medalist Manu Bhaker of India. Kim and Oh are roommates in the Olympic Village, according to the Associated Press, with Kim saying Oh was like a sister to her.
Persons: Kim Yeji, Kim, Oh Ye Jin, ” Charles McQuillan, Sauer, Charles McQuillan, , Elon Musk, Kim “, ” Kim, Manu Bhaker, Alain Jocard, Organizations: CNN, Paris, Twitter, Getty, Olympic Games, Associated Press, Olympics Locations: Azerbaijan, India, AFP
Read previewRussia is stepping up sanctions-evading measures to keep its international trade flowing. Russian central bank governor Elvira Nabiullina said the first transactions are expected by the end of this year, per Reuters. An existing ban on crypto payments in Russia remains, but Moscow's greenlighting crypto for international trade marks a significant shift. Russia could be eying a digital-currency-based settlement systemIt isn't clear how Russia's crypto and digital currency regimes will shape up. Even China, which has one of the world's most advanced digital currencies, relies on a "two-tier" system involving banks as wallet-holding agents.
Persons: , Elvira Nabiullina, Nabiullina, Vladimir Putin, Moscow hasn't, Christopher Granville, Granville Organizations: Service, Russia's, Duma —, Reuters, Business, Bloomberg, US Treasury, GlobalData, Lombard, Russia Locations: Russian, Russia, Ukraine, cryptocurrencies, Hong Kong, Moscow, China, UAE, Turkey, Austria, India
CNN —At least 43 people have died following major landslides in the southern Indian state of Kerala, officials said Tuesday. A massive rescue operation is underway in Kerala’s northeastern district of Wayanad, involving 250 people from the national and state disaster rescue force and the Kerala fire services, PM Manoj, Press Secretary to the Kerala Chief Minister, told CNN. “We don’t know if people have been washed away in the river but we are doing our best to rescue people. Rescuers help residents move to a safer place after multiple landslides hit Wayanad, in the southern state of Kerala, India, on July 30, 2024. In a post to X, Indian Prime Minister Narendra Modi said he was “distressed by the landslides in parts of Wayanad.
Persons: Manoj, ” Saseendran, Kowsigan, Stringer, , George, Narendra Modi, , gratia Organizations: CNN, , Reuters, “ Helicopters, Indian Locations: Kerala, Kerala’s, Wayanad, India, South Asia, China
Dr. Reddy's Laboratories: India 'will be our number one market'
  + stars: | 2024-07-30 | 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 EmailDr. Reddy's Laboratories: India 'will be our number one market'Erez Israeli of Dr. Reddy's Laboratories says the company is "absolutely planning to play" in the biologics space, and while the U.S. remains a key market for the company, India and other markets will grow faster.
Organizations: Reddy's Laboratories Locations: India, U.S
Washington Post Editor Karen Attiah leads a discussion on Saudi hacking techniques at the Oslo Freedom Forum 2019 on May 28, 2019 in Oslo, Norway. The co-chair of the annual National Association of Black Journalists convention stepped down Tuesday in apparent reaction to that group's decision to have former President Donald Trump speak at its convention and career fair in Chicago on Wednesday, among other factors. "To the journalists interviewing Trump, I wish them the best of luck," NABJ24 convention co-chair Karen Attiah wrote in a social media post announcing her decision to resign her position. CNBC has requested comment from Attiah and from NABJ, as well as from a spokesman for Trump's presidential campaign about Attiah's announcement. NABJ on Monday announced that the Republican nominee Trump would "participate in a conversation with journalists" at the convention before attendees.
Persons: Karen Attiah, Donald Trump, Trump, NABJ, Barack Obama, George W, Bush, Bill Clinton, Hillary Clinton, Tia Mitchell, Mitchell, Rachel Scott, Harris Faulkner, Kadia Goba, Kamala Harris, Harris's, Trump's, Fred Trump III, Fred Trump's Organizations: Washington Post, National Association of Black Journalists, Trump, The Washington Post, CNBC, Washington, The Atlanta, Monday, Republican, ABC News, Fox News, Democratic, White House Locations: Saudi, Oslo, Norway, Chicago, Windy City, United States, NABJ, India, Haiti
Labor Abuses Abroad
  + stars: | 2024-07-30 | by ( Megha Rajagopalan | ) www.nytimes.com   time to read: +1 min
In the 1990s, more U.S. companies began manufacturing abroad, where labor was cheaper. Journalists, consumers and human rights groups noticed that, away from the eyes of American unions and regulators, these multinationals sometimes used brutal cost-saving measures, such as sweat shops and child labor. Companies would hire outside inspectors to scrutinize their supply chains. These inspectors would visit their suppliers’ factories, investigate abuses and determine whether everyone was following the rules. Major companies signed on, sending a message that they could clean up their own supply chains.
Persons: , Saumya Khandelwal Organizations: Journalists, Times Locations: India, Maharashtra
At least 23 people were killed in the southern Indian state of Kerala on Tuesday, officials said, after landslides triggered by heavy rains struck an area with rugged, hilly terrain. Rescue workers were struggling to reach the area, in the rural district of Wayanad, because bridges had collapsed and roads had been swept away. State officials said more than 400 families were stranded in remote villages, because the only road connecting them to the rest of Kerala had been cut off. “The weather is very bad, but we are trying to do everything we can,” said Veena George, Kerala’s health minister. Television footage showed water gushing through extensively damaged residential areas.
Persons: , Veena George Locations: Kerala, Wayanad
CNN —The northern lights could grace skies farther south than usual this week because of a solar storm that may affect Earth, according to the US National Oceanic and Atmospheric Administration’s Space Weather Prediction Center. The center issued a strong geomagnetic storm watch, known as a G3 — the third highest level out of five — for July 29 to July 31. Strong geomagnetic storms are infrequent, the Space Weather Prediction Center said, but they’re more common than the G5, or extreme, geomagnetic storm that occurred on May 10 and May 11. If the predicted G3 conditions occur, auroras could be visible as far south as Illinois and Oregon, the Space Weather Prediction Center said. Alerts issued by NOAA’s Space Weather Prediction Center and other agencies help the operators of power grids and commercial satellites to mitigate potential negative impacts from a solar storm.
Persons: Aurorasaurus Organizations: CNN, Oceanic, Prediction, NOAA, Met, Meteorology, NASA Locations: Illinois, Oregon, United Kingdom, Scotland, Australia, Southern, India, Sweden, South Africa
Toby Melville | ReutersFARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. One standout was Air Korea's order for up to 50 Boeing wide-body planes, including the 777X, which Boeing is working toward getting certified by regulators. As both manufacturers grapple with production strains, Air Korea CEO Walter Cho quipped during the Boeing order signing: "Whichever comes first will become our flagship, whoever's on time." Boeing has an overall backlog of close to 5,500 planes, while Airbus has more than 8,000 on order. Many airlines from United Airlines to Air India have also stocked up on new jet orders as travel rebounded in the pandemic.
Persons: Toby Melville, Ihssane Mounir, Boeing's, Walter Cho, whoever's, Peter Anderson, Matthew Childs, Christian Scherer, Scherer Organizations: Airbus, Farnborough, Reuters, Boeing, Wall Street, Paris Air, Ishka, Air, Max, Airbus A321neo, United Airlines, Air India, The Boeing Company, AerCap, Reuters Airbus Locations: Farnborough, Britain, Reuters FARNBOROUGH, England, London, Paris, Air Korea, Arlington , Virginia
Multiple landslides triggered by torrential rains in southern India have killed 49 people, and many others are feared trapped under the debris, officials said Tuesday, with rescue operations being hampered by bad weather. PM Manoj, press secretary to the Kerala chief minister, said the landslides had killed at least 49 people so far. "We are trying every way to rescue our people," state Health Minister Veena George said. Kerala is prone to heavy rains, flooding and landslides. India regularly has severe floods during the monsoon season, which runs between June and September and brings most of South Asia's annual rainfall.
Persons: Manoj, Veena George, Narendra Modi, Modi, Roxy Mathew Koll, Koll Organizations: Response Force, Vehicles, Authorities, Indian, Indian Meteorological Department, Meteorology Locations: Wayanad, India, Kerala state's Wayanad, Kerala, Ghats, Pune
CNN —On summer mornings, local kids like to gather at Padaro Beach in California to learn to surf in gentle whitewater waves. Human vs. AI shark detectionA rise in the popularity of drones, and the proliferation of social media, may make it seem like sharks are everywhere. Although there hasn’t been a fatal attack recorded at Padaro Beach, some community members were concerned when sharks began loitering there. SharkEye's drone pilot, Samantha Mladjov, at Padaro Beach in California. Officials in Honolulu said this month that they’re considering launching a drone shark surveillance program, according to local media.
Persons: SharkEye, ” Neil Nathan, BOSL, hasn’t, Nathan, Samantha Mladjov, Science Laboratory Nathan, , Organizations: CNN, University of California Santa, Science Laboratory, Science, Stanford University, Florida Museum, Natural, New, Officials, “ Sharks Locations: Padaro, California, New York, Sydney, Padaro Beach, Santa Barbara, India, Australia, Queensland, Mexico, Caribbean, New South Wales, Bondi, Honolulu, Hawaii
The new Ola electric scooters displayed during its launch at the Ola headquarters in Bangalore on August 15, 2021. With e-scooter prices starting at around $900, Ola Electric has become the biggest player in a country where adoption of clean vehicles is still low, but rising rapidly. In the IPO, Ola will issue new shares to raise $657 million while existing investors offload their stake of about $77 million to IPO investors, the term sheet showed. Aggarwal and investors such as SoftBank and Matrix Partners will sell part of their stakes in the IPO. Monday's newspaper ad showed 10% of the IPO will be reserved for retail investors, with proceeds going to fund capital expenditure and research and development efforts.
Persons: Manjunath Kiran, MANJUNATH KIRAN, Ola Electric, Narendra Modi's, Tesla, Ola, Bhavish Aggarwal Organizations: Ola, Getty, Tata Motors, TVS, Hyundai, West, Temasek, Fidelity, Nomura, Norges Bank, Reuters, Financial Express, Matrix Partners Locations: Bangalore, India
To say that vultures are underappreciated would be putting it mildly. With their diet of carrion and their featherless heads, the birds are often viewed with disgust. Now, economists have put an excruciating figure on just how vital they can be: The sudden near-disappearance of vultures in India about two decades ago led to more than half a million excess human deaths over five years, according to a forthcoming study in the American Economic Review. Rotting livestock carcasses, no longer picked to the bones by vultures, polluted waterways and fed an increase in feral dogs, which can carry rabies. It was “a really huge negative sanitation shock,” said Anant Sudarshan, one of the study’s authors and an economics professor at the University of Warwick in England.
Persons: , Anant Sudarshan Organizations: American Economic, University of Warwick Locations: India, England
Russia's Navy Day saw participation from India and China, bolstering Putin's anti-Western ties. There was a notable absence of Russia's Black Sea Fleet at the parade, after losses to Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's Navy Day saw warships from India and China join the celebrations as President Vladimir Putin sought to project the strength of his anti-Western alliance. China sent the Jiaozuo, a Type 052D destroyer, and India sent the Tabar, a stealth frigate, to the naval parade in St Petersburg on Sunday, according to Russia's foreign ministry.
Persons: Putin, , Vladimir Putin, La Organizations: Russia's, Service, 052D, Business Locations: India, China, Ukraine, Germany, St Petersburg, Algeria
Stock Chart Icon Stock chart icon Illumina's year-to-date stock performance. Stock Chart Icon Stock chart icon Bank of America's year-to-date stock performance. Stock Chart Icon Stock chart icon Constellation Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Meta's year-to-date stock performance. Stock Chart Icon Stock chart icon Organon's year-to-date stock performance.
Persons: one's, Jim Cramer's Organizations: of America's, Bank of America, Constellation Energy, ICICI, ICICI Bank, Pfizer, Organon Locations: India
Paris Olympics: Who Leads the Medal Count?
  + stars: | 2024-07-29 | by ( Josh Katz | ) www.nytimes.com   time to read: +2 min
U.S. France Japan China Britain Australia S. Korea Italy Canada Kazakhstan S. Africa Brazil Sweden Germany Belgium Hong Kong Moldova Azerbaijan Romania Uzbekistan Fiji Kosovo Mongolia Poland Tunisia Croatia Egypt Spain Hungary India Ireland Mexico Switzerland Slovakia Turkey Ukraine Possible rank in Olympic medal count 1st 25th or lowerParis Olympics: Who Leads the Medal Count? As of Monday at 4:07 p.m. Eastern time, Japan stood atop the official Olympic medal table, which sorts nations based on their number of gold medals. That approach is common in much of the world, with silver and bronze used only to break ties. By another measure, the United States leads because it has the most medals overall (20, at last count). (Bronze medals are always worth one point.)
Organizations: Brazil Sweden Germany Belgium Hong Kong Moldova Azerbaijan Romania Uzbekistan Fiji Kosovo Mongolia Poland Tunisia Croatia, Mexico Switzerland Slovakia Turkey Ukraine, Paris, The New York Times, Japan Locations: France Japan China Britain Australia, Korea Italy Canada Kazakhstan, Brazil Sweden Germany Belgium Hong Kong Moldova Azerbaijan Romania Uzbekistan Fiji Kosovo Mongolia Poland Tunisia, Brazil Sweden Germany Belgium Hong Kong Moldova Azerbaijan Romania Uzbekistan Fiji Kosovo Mongolia Poland Tunisia Croatia Egypt Spain Hungary India, Mexico Switzerland Slovakia Turkey, Japan, United States, U.S, France, China, Britain, Australia, Korea, Italy, Canada, Kazakhstan, Germany, That’s
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