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☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Aircraft carriers aren't the Russian navy's only problem. It has also struggled for decades to build jets for them.
▼ + stars: | 2023-11-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Russia's sole aircraft carrier, Admiral Kuznetsov, has been out of action for years for repairs. AdvertisementIn July, Russian state media reported that Russia's sole aircraft carrier, Admiral Kuznetsov, could return to active service by the end of 2024. AdvertisementYakovlev Yak-38A Yak-38 on the deck of a Soviet aircraft carrier in October 1985. Even the updated Yak-36M, with a longer range and double the payload, was underpowered compared to NATO carrier aircraft. At least four Yak-38s operated alongside other Soviet jets from a base in the country's southwest in 1980.

Persons: Admiral Kuznetsov, —, Kuznetsov, Yakovlev, Hawker, Su, Andrei Luzik, Gorhskov, ARUN SANKAR Organizations: Soviet, Service, Kuznetsov, US, Soviets, Hawker Siddeley, —, Minsk, US Navy, NATO, Getty, Indian Navy, Mikoyan, Russian, Vikrant, Getty Images, India's Locations: Moscow, Russia, Soviet, Kiev, Soviet Kiev, Afghanistan, India, Delhi, Syria

DUBAI, United Arab Emirates (AP) — Passenger numbers at Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers. Political Cartoons View All 1247 ImagesHartsfield-Jackson Atlanta International Airport remains the busiest passenger airport overall. Griffiths' announcement comes during the Dubai Air Show at Al Maktoum International Airport at Dubai World Central, the city-state’s second airfield some 45 kilometers (28 miles) away from Dubai International Airport.

Persons: “ We’re, Paul Griffiths, Griffiths, FlyDubai Organizations: United Arab Emirates, Dubai International Airport, Emirates, Dubai Airports, United Arab, Hartsfield, Jackson Atlanta International, Dubai Air, Al, Al Maktoum International Airport, Central, Dubai International, Qatar, Boeing Co, Boeing Locations: DUBAI, United Arab, Dubai, Dubai's, India, Emirates, East, West, Saudi Arabia, Pakistan, U.S, Russia, United Arab Emirates, Moscow, Ukraine, Al Maktoum

☆ Morgan Stanley reveals its outlook for Asian stocks, says one major index is set to soar 11% in 2024
▼ + stars: | 2023-11-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has revealed a bullish call on Japanese stocks for 2024. China and emerging markets However, Morgan Stanley remains cautious on other Asian markets going into the first half of 2024. The bank's strategists lowered their target for the MSCI Emerging Markets Index to 1,000, implying a modest 4% upside from current levels. They cited slowing global growth, higher interest rates, and currency weakness versus the U.S. dollar as headwinds for emerging markets. Morgan Stanley expects strong nominal GDP growth above 11% annually in 2024 and 2025 thanks to "young demographic and geopolitical alignment," which will drive earnings higher.

Persons: Morgan Stanley, Jonathan F, Garner, Tom Stevenson, Morgan, CNBC's Michael Bloom, Penny Chen Organizations: U.S ., Amundi, Fidelity International, CNBC Pro, U.S Locations: Amundi Japan, Japan, China, India

NEW DELHI (AP) — Top diplomats and defense chiefs from India and the United States met Friday focusing on security issues involving the Indo-Pacific, China and the Israel-Hamas war. U.S. Secretary of State Antony Blinken said the U.S. and India have a strong partnership and would discuss matters with implications for the future. He also said that the United States and India are bolstering their partnership in international peace and strengthening a rule-based order. Political Cartoons View All 1239 ImagesBlinken also said defense cooperation was a key pillar in ties between the countries. India and the U.S. have held the two-plus-two talks between India’s external affairs and defense minister and the U.S. secretaries of state and defense since 2018 to discuss issues of concern and strengthen bilateral ties.

Persons: Antony Blinken, ”, Blinken, Subrahmanyam Jaishankar, Uday Bhaskar, Defense Lloyd Austin, Rajnath Singh, Narendra Modi’s Organizations: DELHI, —, U.S, Association of Southeast, Nations, Defense, Indian Locations: India, United, Pacific, China, Israel, U.S, Asia, Japan, Australia, United States, Palestine, Gaza, Ukraine, Philippines, South China, Ladakh, Arunachal Pradesh, Washington

☆ China versus India: The pros explain why they prefer one — and share their stock picks
▼ + stars: | 2023-11-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Which economic giant should emerging markets investors go for: China or India? India is the "best structural growth opportunity" in emerging markets, according to Malcolm Dorson, head of emerging markets strategy at Global X ETFs. LPL Financial's chief technical strategist, Adam Turnquist, added that India has emerged as an increasingly attractive alternative to China. Where and how to invest in India Investors could go for the "booming areas" in India — renewables such as hydrogen and solar energy, as well as agricultural tech, according to Sharma. But both Krosby and Dorson would advocate active management in emerging markets such as India, given political and economic complexities, among other reasons.

Persons: Malcolm Dorson, Morgan Stanley, Dorson, Quincy Krosby, Krosby, LPL, Adam Turnquist, Alejandra Grindal, Ned Davis, Rahul Sen Sharma, Sharma, Morningstar Organizations: Shenzhen Component, CNBC, Global, Chinese Communist Party, LPL, Ned, Ned Davis Research, India Investors, India, Hindustan Unilever, Nestle India, Jewelry, India Active Locations: China, India, Shenzhen, Asia, Beijing

COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing. The U.S.-backed financing comes at a time when Sri Lanka is struggling to recover from a dire financial and economic crisis. Sri Lanka borrowed heavily from China to build the port and other infrastructure including an airport and a city being built on reclaimed land. Both neighboring India and China are jostling for influence in Sri Lanka and both have already invested in expanding facilities at the Colombo port. Colombo port also has a terminal run by China Merchants Port Holdings.

Persons: ”, Scott Nathan, Sri Lanka’s John Keells, Lanka’s, Wang Wenbin, William & Mary, AidData, China's, saysChina, Bradley Parks, “, ” ___ Didi Tang Organizations: South, U.S . International Development Finance Corp, West, Local, Sri, Sri Lanka’s John Keells Holdings, Initiative, Foreign Ministry, China Merchants Port Holdings, CHEC Port City Colombo Co, China Communications Construction Company, William & Locations: COLOMBO, Sri Lanka, U.S, Port, Colombo, China, Bay, Bengal, Beijing, Hambantota Port, Hambantota, India, oceanside, Port City, Virginia, “ Beijing, Washington

☆ India’s gamified equities are a wake-up call
▼ + stars: | 2023-11-08 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

The result is an acceleration of Indian savings away from gold and real estate into financial products. However, it is also leading to what Ashish Gupta, chief investment officer at Axis Bank’s mutual fund, dubs “the gamification of Indian equities”. A frenzy for index options has driven up volume in the derivatives market to the tune of $4.3 trillion a day. Retail traders made up a higher share of equity derivatives turnover than their institutional counterparts on the National Stock Exchange between 2017 and 2021. Whatever the fix, it’s a reminder that India’s digital leapfrog which other developing countries are urgently trying to replicate has a dark side too.

Persons: Francis Mascarenhas, Ashish Gupta, Gupta, weren’t, Ananth Narayan, SEBI, Nithin Kamath, Zerodha, Lalit Keshre, Una Galani, Thomas Shum Organizations: Bombay Stock Exchange, REUTERS, Rights, Reuters, National Stock Exchange, Tiger, Securities, Exchange Board of India, Thomson Locations: Mumbai, India, U.S

☆ Why the global rice shortage may be 'artificial'
▼ + stars: | 2023-11-07 | by ( Andrea Miller | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the global rice shortage may be 'artificial'Global rice supplies face the most significant shortage in 20 years, exacerbating fears of worse food insecurity. Rice is a staple food source for over half the world's population. India's export bans shook market prices, sparking political controversy. The $34 billion U.S. rice industry competes against price uncertainty and changing climates that put yields at risk. Watch this video to learn more.

Persons: Rice

☆ For global banks, India could soon be worth it
▼ + stars: | 2023-11-07 | by ( Pranav Kiran | ) www.reuters.com time to read: +5 min

The hot new business class ticket within Asia is in fact, Hong Kong to Mumbai. Before the pandemic, more than half of the Asian top line of U.S. bulge bracket banks typically came from Greater China which includes the mainland, Hong Kong, Macau and Taiwan. Overall, IPO fees in India have risen from 1% of proceeds in 2017 closer to 2% in recent years, LSEG data shows. Hong Kong bankers are not going to relocate to India any time soon but while they wait out a slow and uncertain recovery in China activity, the trip to India looks increasingly worthwhile. Proceeds from initial public offerings in India amounted to $3.8 billion across 172 deals as of Oct. 24, according to LSEG data.

Persons: Goldman Sachs, Morgan Stanley, Banks, Mukesh Ambani, Bhavish, Ola, What’s, Gaurav Trehan, Blackstone, Amit Dixit, David Solomon, James Gorman, Citigroup's Jane Fraser, Noel Quinn, Bill Winters, Una Galani, Thomas Shum Organizations: Reuters, UBS, Insurance, JPMorgan, Citigroup, Reliance Industries, KKR, Bank of America, Global Financial, Investment, Hong Kong Monetary Authority, Offshore, Thomson Locations: BENGALURU, Hong Kong, China, Asia, Mumbai, Greater China, Macau, Taiwan, Beijing, Washington, India, United States, Offshore China

Ajay Bisaria, India's ambassador to Canada from 2020 to 2022, said the relationship is in a "de-escalation phase" following "quiet diplomacy". "This is not a thaw," an Indian foreign ministry official told Reuters. 'MODEST DE-ESCALATION'Officials in India and Canada spoke on condition of anonymity as they were not authorised to speak on the subject. The Indian foreign ministry did not respond to a request for comment. Canada's foreign ministry pointed to comments made by Foreign Minister Melanie Jolie on Oct. 30.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Michael Kugelman, Ajay Bisaria, Hardeep Singh Nijjar, India's, Ottawa’s, Melanie Jolie, Jolie, Modi, Kugelman, Michael Bociurkiw, Krishn Kaushik, Steve Scherer, YP Rajesh, William Mallard Organizations: Indian, Canada, Bharat, DELHI, Mutual, South Asia Institute, Wilson Center, Reuters, Canadian, Foreign, Atlantic Council, YP, Thomson Locations: New Delhi, India, Canada, OTTAWA, Punjab, Delhi, Ottawa, Washington, China, Vancouver, Hardeep, Vienna

HONG KONG (AP) — Asian shares advanced Monday following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. Wall Street steamrolled higher Friday as it closed out its best week in nearly a year. Stock have struggled under the weight of rapidly rising Treasury yields. In the bond market, Treasury yields tumbled just after the jobs report, releasing more of the pressure that had built up on Wall Street. Despite reporting stronger-than-expected profits, Apple, the most influential stock on Wall Street, fell 0.5%.

Persons: ’, Australia’s, Sensex, Stocks, Brent Organizations: Nikkei, Dow Jones Industrial, Nasdaq, Reserve, Expedia Group, Stock, Treasury, Apple, Analysts, New York Mercantile Exchange, U.S Locations: HONG KONG, Gaza City, South, Hong Kong, Shanghai

☆ Indian economy regains its swagger as China stumbles
▼ + stars: | 2023-11-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India’s economy is like an elephant. India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. “India’s economy is comfortably placed to grow at an annual rate of at least 6% in the coming few years,” Barclays said. But even as India’s heft is increasing, it is far from recreating the economic miracle China unleashed decades ago. It will, no doubt — though it won’t be enough to shield the world economy should China’s economy stumble badly,” they added.

Persons: Narendra Modi, ”, Eswar Prasad, Modi, Prasad, Ludovic Marin, Mukesh Ambani’s, Gautam Adani’s, Willy Shih, Frederic Neumann, Justin Feng Organizations: New, New Delhi CNN, Economic, Cornell University, International Monetary Fund, China, Barclays, IMF, ” Barclays, Hindustan Times, Modi, bonanza, Unified, Bharat, Getty, Bank, Mukesh Ambani’s Reliance Industries, Apple, Harvard Business School, HSBC Locations: New Delhi, India, Switzerland, Davos, ”, ’, China, ” New Delhi, Sewri, Mumbai Bhushan, AFP, Beijing, Washington

☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
▼ + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.

Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala

HONG KONG (AP) — Asian shares advanced on Friday after Wall Street roared higher on bets that market-rattling interest rate hikes are coming to an end. On Wall Street, the S&P 500 leaped 1.9% Thursday to 4,317.78 for its fourth straight winning day. Starbucks jumped 9.5% after reporting stronger profit and revenue for the latest quarter than Wall Street forecast. On the losing end of Wall Street was Moderna, which sank 6.5% after reporting a much worse loss for the latest quarter than analysts expected. More swings could be coming for Wall Street.

Persons: Seng, Australia’s, Korea’s Kospi, Sensex, It’s, Jerome Powell, Eli Lilly's, Brent Organizations: Shanghai, Federal Reserve, Dow Jones Industrial, Nasdaq, Big U.S, Starbucks, Fair, Moderna, Wall, New York Mercantile Exchange, U.S . Locations: HONG KONG, Tokyo, China, U.S

☆ Air pollution sparks alarm, dims World Cup cheer in India
▼ + stars: | 2023-11-02 | by ( Blassy Boben | ) www.reuters.com time to read: +2 min

An aerial view shows residential buildings and a stadium shrouded in smog in New Delhi, India, October 27, 2023. Air Quality Index (AQI) stood at 415 on a scale of 500 in the capital's Anand Vihar area on Thursday, indicating "severe" levels of pollution that can affect healthy people and those with existing ailments. The dip in air quality in the region during the winter months is often accompanied by a spike in respiratory illnesses, spurring school and factory closings. The worsening air quality has cast a shadow over the cricket World Cup as fans flock to stadiums across Indian cities. Players have expressed concern about the toxic air, with England's Joe Root complaining of breathing difficulties during a game and India's Rohit Sharma urging change for "future generations".

Persons: Altaf Hussain, Anand, Joe Root, India's Rohit Sharma, Gerry Doyle Organizations: REUTERS, BCCI, Thomson Locations: New Delhi, India, DELHI, Delhi, Anand Vihar, Pakistan's Lahore, Swiss, India's Mumbai, AQI, Mumbai, Sri Lanka

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That’s on top of a 14% increase in candy and gum prices in October 2022. “The price of candy has gotten to be outrageous,” said Jessica Weathers, a small business owner in Shiloh, Illinois. Meanwhile, global sugar prices are at 12-year highs, Goughary said. Buck said Hershey is trying to meet consumers’ needs with offerings in value stores and pack sizes at various price points.

Persons: ”, Jessica Weathers, ” Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Mars Inc, Hershey Co Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

☆ For the second Halloween in a row, U.S. candy inflation hits double digits
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +3 min

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That's on top of a 14% increase in candy and gum prices in October 2022. "The price of candy has gotten to be outrageous," said Jessica Weathers, a small business owner in Shiloh, Illinois. Weathers said she usually buys plenty of candy for trick-or-treaters and events at school and church. Meanwhile, global sugar prices are at 12-year highs, Goughary said.

Persons: Jessica Weathers, Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Hershey Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

Learn moreLooking for help on where to watch an Australia vs. New Zealand live stream? We can help get you set up in just a few clicks, and even better, you can tune into this live Cricket World Cup match for free. As mentioned in our guide to free Cricket World Cup live stream roundup, there are multiple free games on an Australian streaming channel. How to watch Australia vs. New Zealand and other free Cricket World Cup live streamsAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check the full TV guide listings here). You won't find every scheduled Cricket World Cup match there, but you can be sure all the matches that Australia's playing will air, plus top-tier games like Australia vs. New Zealand.

Persons: We've, Here's, 9Now, ExpressVPN Organizations: Zealand, Cricket, England, Australia, New, ESPN Plus, Cricket World, Sky Sports Cricket Locations: Australia, Zealand, Africa, India, Pakistan, England, New Zealand, 9Now, Afghanistan, Bangladesh, Australian, United States

☆ In Modi’s India, Truth Tellers Are Now Enemies of the State - The New York Times
▼ + stars: | 2023-10-26 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +2 min

Jailing Ms. Roy would be not unlike America imprisoning a writer of the moral stature of Toni Morrison or James Baldwin. The charges against her represent a pivotal moment for India; If Ms. Roy is incarcerated, she will become the country’s highest-profile prisoner of conscience. Under Mr. Modi, the number of cases filed has jumped to 288 as of September 2022. But the real reason she is being targeted now — 13 years later — is surely because of her courageous criticism of the intolerance and violence unleashed under Mr. Modi. People like her are among India’s greatest assets because they stand for truth and decency, but they are being cast as enemies of the state.

Persons: Arundhati Roy, Ms, Roy, Modi’s, Toni Morrison, James Baldwin, Modi Organizations: People’s Union, Civil Liberties Locations: India, restive, Kashmir

BANGKOK (AP) — World shares were mixed Wednesday after China pledged more spending to energize its economy. U.S. futures were mixed and oil prices turned higher. In early European trading, Germany's DAX fell 0.4% to 14,825.07 and the CAC 40 in Paris lost 0.5% to 6,864.02. A solid job market and spending by U.S. households has helped keep the economy chugging along. In the oil market, prices have dipped, taking some more pressure off inflation.

Persons: Zhu Zhongming, ” Stephen Innes, Hong, Germany's DAX, Kospi, India's Sensex, they've, they’re, Brent, it's Organizations: China, Xinhua, Agency, Management, CAC, Dow Jones, Dow, Nasdaq, Japan's Nikkei, Sydney, Stock, Treasury, Fed, U.S Locations: BANGKOK, Paris, Frankfurt, Sydney, Seoul, London, Tokyo, Hong Kong . U.S, China, Shanghai, Bangkok, U.S, Israel, Iran

☆ India says relations with Canada passing through difficult phase
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amr Alfiky/File photo Acquire Licensing RightsNEW DELHI, Oct 22 (Reuters) - India on Sunday said its relationship with Canada is passing through a difficult phase and there had been "continued interference" by Canadian personnel in New Delhi's internal affairs. Canada had to withdraw 41 of its diplomats from India on Thursday as New Delhi decided to unilaterally revoke their official diplomatic status. Trudeau said on Friday the Indian government's crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries. Jaishankar said India had invoked diplomatic parity under the Vienna convention, "because we had concerns about continuous interference in our affairs by Canadian personnel". He said India would resume the issuance of visas if there was progress in the safety of its diplomats working there.

Persons: Jaishankar, Amr Alfiky, Justin Trudeau, Trudeau, Melanie Joly, Jaishankare, Nidhi Verma, David Holmes Organizations: Affairs, United Nations Security Council, United Nations General Assembly, REUTERS, Sunday, Canadian, Thomson Locations: U.N, New York City, U.S, DELHI, India, Canada, British Columbia, New Delhi, Vienna

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

MUMBAI, Oct 21 (Reuters) - India's central bank has approved the appointment of veteran banker Ashok Vaswani as managing director and chief executive of Kotak Mahindra Bank (KTKM.NS), the private lender said in an exchange filing on Saturday. Vaswani's appointment comes after billionaire Uday Kotak, who founded Kotak Mahindra Bank, resigned as the MD and CEO last month in a surprise move, citing personal reasons. Dipak Gupta, currently the managing director and CEO, will carry out the chief executive duties until Dec. 31, the bank had said last month. "I am delighted that the RBI has approved our recommendation, Ashok Vaswani, as the next CEO of Kotak Mahindra Bank," Kotak said in the filing, describing him as a "world class leader" with digital and customer focus. KVS Manian and Shanti Ekambaram, the two most senior bankers at Kotak Mahindra Bank, will remain on the board and keep their current roles, Gupta added.

Persons: Ashok Vaswani, Vaswani, Vaswani's, Uday Kotak, Dipak Gupta, Kotak, Gupta, KVS Manian, Shanti Ekambaram, Siddhi Nayak, Ira Dugal, William Mallard Organizations: Kotak Mahindra Bank, Citigroup Asia Pacific, Barclays, Reserve Bank of India, Kotak, Siddhi, Thomson Locations: MUMBAI

☆ Canadian PM says India's actions making life hard for millions of people
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 20 (Reuters) - Prime Minister Justin Trudeau said on Friday the Indian government's crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries. Trudeau spoke a day after Canada said it had withdrawn 41 diplomats following an Indian threat to unilaterally revoke their status. "The Indian government is making it unbelievably difficult for life as usual to continue for millions of people in India and in Canada. Trudeau said the expulsion of some of Canada's diplomats will hamper travel and trade and pose difficulties for Indians studying in Canada. India is by far Canada's largest source of global students, making up for roughly 40% of study permit holders.

Persons: Justin Trudeau, Trudeau, contravening, David Ljunggren, Rod Nickel Organizations: OTTAWA, Thomson Locations: Canada, New Delhi, India, Brampton , Ontario, Vienna, Ottawa

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