NewsReutersIndia's Jammu and Kashmir gets first foreign investment from Dubai's Emaar
Indian Kashmir is to get its first foreign investment, with Dubai’s Emaar Group due to build a $60 million shopping and office complex, as the government looks to stabilise a region where Muslim separatists have for years battled the government. The 5 billion rupee ($60.50 million) development will include a shopping mall and multi-purpose commercial tower in Srinagar, the capital of the Muslim-majority Himalayan region, Emaar announced at an investment summit in the city.
NewsAFP NewsXi, Putin hail ties ahead of 'journey of peace' to Moscow
Xi Jinping and Vladimir Putin applauded on Monday the solidity of their alliance as the Chinese leader headed to Moscow for a summit with the internationally isolated Russian president."I look forward to working with President Putin to jointly adopt a new vision" for relations, Xi wrote in a signed article in the newspaper Russian Gazette that was also carried by Chinese state news agency Xinhua.
BusinessReutersIndia's Supreme Court asks SEBI to refund 3 billion rupees to NSE
The top court also refused to stay a tribunal order, which had set aside the regulator's ruling against NSE, the lawyers added. In 2019, SEBI passed a series of orders against the NSE and its former chief executives, Chitra Ramkrishna and Ravi Narain, alleging that the exchange did not exercise due diligence while setting a network that allowed high-frequency traders unfair access to some network servers at the exchange.
PoliticsHuffPostKevin McCarthy Says People Shouldn’t Protest If Trump’s Indicted
“He’s not talking in a harmful way, and nobody should," the House Speaker said.
BusinessAFP NewsStocks plunge despite Credit Suisse buyout, central banks' pledge
Equities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.However, fears of another financial crisis flared again when trouble emerged at Credit Suisse, Switzerland's second-biggest bank.
BusinessAFP NewsUBS takeover of Credit Suisse: the main points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity."The UBS takeover of Credit Suisse has laid the foundation for greater stability both in Switzerland and internationally."
NewsAFP NewsThai PM dissolves parliament, calls election
Thai Prime Minister Prayut Chan-O-Cha dissolved the country's parliament on Monday, setting up a general election in May as the former coup leader seeks to extend army-backed rule.Once the Election Commission has finalised the results, parliament is expected to appoint a prime minister sometime in July.
NewsAFP NewsS.Africa police, soldiers deploy for opposition-led protests
Police and soldiers deployed across South Africa on Monday as the country braced for protests after a left-wing party called for a "national shutdown", sparking fears of a repeat of unrest that turned deadly two years ago.The protest call rekindled memories of the deadly riots of July 2021, the worst violence since the end of apartheid in South Africa, when at least 350 people were killed in protests sparked by the jailing of ex-president Jacob Zuma spiralled into riots and looting.
NewsReutersIndia likely to harvest record 11.5 million tonnes rapeseed this year -industry body
Rapeseed output in India, the world's biggest importer of vegetable oils, is likely to rise 7.5% this year due to a record planting of the winter-sown oilseed, a leading trade body said on Monday. Farmers are likely to harvest a record 11.5 million tonnes in the crop year to June 2023, the Solvent Extractors' Association of India (SEA) told a news conference in the north-western state of Rajasthan, producer of more than half of India's rapeseed. Last year, the country produced 10.7 million tonnes of rapeseed, which has the highest oil content among India's nine main oilseeds.
NewsAFP NewsPaper plates and short showers: life with no water in Arizona
With its cactus-filled garden and breathtaking views of the rocky peaks of the Arizona desert, Wendy and Vance Walker's home in the Rio Verde Foothills seemed to be a little slice of paradise. City managers in Scottsdale, faced with meeting their own targets, decided Rio Verde Foothills -- which they view as profligate development -- would no longer be able to buy their water.
BusinessAFP NewsSpurred by TikTok, some Americans return to cash to curb spending
Manicured fingers meticulously place cash in transparent envelopes marked "food," "gas" and other categories, demonstrating in a TikTok video a retro technique for controlling what you spend that is newly popular with some money-conscious Americans.Both women decided the way to turn around their spending behavior was to rely on the technique of paying cash for everything.
NewsAFP NewsKenya police out in force for opposition protests
Kenyan riot police were out in force Monday for a day of action called by the opposition to protest the country's cost of living crisis, despite a ban on the demonstrations.Odinga said he called the demonstrations to protest the "skyrocketing" cost of living and the "stolen" election in August last year.
BusinessReutersBitcoin climbs to 9-month high as bank turmoil sparks rally
LONDON/HONG KONG (Reuters) -Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the cryptocurrency built on its best week in four years. The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes. Bitcoin rose 26% last week, its best weekly gain since April 2019, and has soared some 40% in 10 days as turmoil in the banking sector rippled around the globe - culminating, so far, in UBS Group's takeover of rival Credit Suisse Group AG over the weekend.
NewsAFP News'Floating toilets' help Cambodia's lake-dwelling poor
Pointing to the murky waters of the Tonle Sap, Si Vorn fights back tears as she recalls her four-year-old daughter dying from diarrhoea after playing in the polluted lake.Si Vorn, 52, told AFP, saying her family fell ill all the time.
EntertainmentHuffPostCBS Los Angeles Meteorologist Alissa Carlson Collapses In Frightening Scene On Live TV
“I am going to be ok!” she wrote later on Facebook.
BusinessAFP NewsUBS announces Credit Suisse buyout to calm markets, but Asian equities sink
UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.Credit Suisse said in a statement that UBS would take it over for "a merger consideration of three billion Swiss francs ($3.25 billion)".
NewsHuffPost'Despicable' Pandering: Ron DeSantis Roasted For Odd Claim About His Upbringing
Twitter users put DeSantis on blast over a statement about his past.
PoliticsHuffPostHakeem Jeffries Pummels Kevin McCarthy With New Name For Weaponization Committee
"They continue to peddle conspiracy theories led by this so-called weaponization committee," Jeffries said of the House majority.
NewsReutersIndia to boost aviation infrastructure as demand booms
NEW DELHI (Reuters) -India outlined plans on Monday to invest billions of dollars in airports, aircraft and recruitment as the world's fastest-growing economy seeks to meet booming air travel demand. Growth will include new airports, more regulators and air traffic controllers, and new flying schools, Civil Aviation Minister Jyotiraditya Scindia told an industry audience. "We need to put in place the civil aviation infrastructure and capabilities that by 2047 would be able to support a $20 trillion economy within India," Scindia told the CAPA India Aviation Summit in New Delhi.
NewsAFP NewsEU hammers out 2-bn-euro ammunition plan for Ukraine
European Union ministers on Monday will look to sign off on a 2-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine. The first part of the plan involves committing a further one billion euros ($1.06 billion) of shared funding to try to get EU states to tap their already stretched stocks for ammunition that can be sent quickly.
NewsAFP NewsDonor conference seeks to rally quake aid for Turkey, Syria
The EU on Monday will host a conference in Brussels aimed at ramping up funds from international donors to help the victims of the devastating earthquake that hit Turkey and Syria.Aid organisation International Rescue Committee (IRC) urged donors to at least ensure the UN's emergency appeal for $1 billion for Turkey and $397 million for Syria are fully funded.
NewsReutersTaiwan financial regulator says will oversee crypto currencies
Taiwan's Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday. Huang Tien-mu told lawmakers in parliament that the Financial Supervisory Commission will initially be responsible for the supervision of payments and transactions, but will not cover NFTs, or "non-fungible tokens". Huang said he will discuss the details with other government departments as well as "self-discipline norms" with relevant industries.
NewsAFP NewsUN to deliver diagnosis, prescription for climate crisis
The United Nations was poised to release a capstone report Monday distilling nearly a decade of published science on the impacts and trajectory of global warming, and the tools available to prevent climate catastrophe.Since the last IPCC synthesis report in 2014, science has determined that devastating impacts are happening more quickly and at lower levels of warming than previously understood.
NewsAFP NewsDammed thirsty: the cross-border fight for water
With half the world experiencing water scarcity for at least part of the year, the huge dams being built by some countries to boost their power supplies while their neighbours go parched are a growing source of potential conflict.One of the two hydroelectricity plants that produce the most power in the world, alongside China's Three Gorges, had its energy shared out under a 1973 treaty.
NewsAFP NewsUkraine watches anxiously as China's Xi visits Kremlin
Ukraine awaits President Xi Jinping's visit to the Kremlin this week with apprehension, fearing that China may ultimately decide to supply its strategic ally with arms, influencing the outcome of the war.Lacking any lever of influence, Ukraine hopes that pressure from its Western allies on the Chinese leadership will help to preserve this fragile balance.
