ILLINOIS EMERGENCY MANAGEMENT AGENCY
Climate Change: Emerging variable in monetary policy
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
Ready to work with India to properly handle situation in border areas: Chinese FM Wang to Doval
Chinese Foreign Minister Wang Yi expressed his willingness to collaborate with India's National Security Advisor Ajit Doval to address border issues. In a congratulatory message to Doval, Wang emphasized the importance of China-India relations beyond their bilateral boundaries. This message followed a meeting between Wang and Indian External Affairs Minister S Jaishankar at the SCO summit. Despite ongoing border tensions since 2020, both nations aim to maintain peace through the Special Representatives mechanism, which has held multiple meetings to resolve disputes.
Mumbai's rain woes turn into meme fest on social media: Check out some of these hilarious posts
Mumbai experienced a deluge early this morning, with over 300 mm of rainfall in certain areas. The downpour caused significant train and flight disruptions, waterlogging, and school closures. Authorities issued an orange alert, with more rain expected. Amidst the challenges, social media provided some comic relief. Emergency services and municipal authorities are actively addressing the situation to minimize the impact on residents.
NHL free agency tracker 2024: Latest updates, players who signed deals on Day 1, a complete guide
NHL free agency opening day sees a bunch load of drama as some top-notch players re-sign for their respective teams, while some in the list were bought out. NHL is currently at a high after the epic Stanley Cup Finals, that was ultimately championed by the Florida Panthers.
Delhi rains: LG holds emergency meeting, officials' leave cancelled
Lieutenant Governor V K Saxena conducted an emergency meeting on Friday to address the severe waterlogging in Delhi following prolonged rainfall. He directed officials to establish an emergency control room and deploy static pumps to manage the waterlogging. Saxena instructed that all senior officers on leave return to duty and that no leave be sanctioned for the next two months. He noted the city's lack of preparedness, citing incomplete drain de-silting and a pending Flood Control Order, and urged immediate action.
Tens of millions in the US are under dangerous heat warnings
Extreme heat alerts have continued for millions of people in the United States, with cities like Chicago breaking records at the start of a week of sweltering weather. The Midwest and Northeast were under heat warnings or watches, with officials announcing the opening of cooling centers and urging people to limit outdoor activities when possible. Phoenix has experienced the most heat waves since 1936, with temperatures reaching 112 F (44.4 C) on Saturday.
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Over 75 million people in the US are under heat alerts. Go indoors and hydrate
The US last year saw the most heat waves, consisting of abnormally hot weather lasting more than two days, since 1936. Officials again warned residents to take precautions.
NEET-UG result uproar: Big shake-up looms for NTA amid backlash over exam results
Amid ongoing controversy over the NEET-UG medical entrance exam, significant changes are anticipated within the National Testing Agency (NTA). The agency's operations and exam management are under review, with a high-level committee potentially being formed to provide recommendations, according to government sources cited by The Times of India.
A study reveals how India can achieve $5 billion defence export goal
A recent study by Nexgen Exhibitions highlights the importance of streamlining foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities to help India achieve its USD 5 billion defence export goal by 2024-25. The study, involving over 130 national and international arms, ammunition, and security equipment manufacturers, emphasizes the need for strategic partnerships, advanced technologies, and a robust skill development ecosystem. The findings aim to propel India's homeland security and defence sector towards becoming a global manufacturing hub.
RBI wins 'Risk Manager of the Year' award by London's Central Banking publication
The Reserve Bank of India (RBI) has been awarded the "Risk Manager of the Year Award 2024" by Central Banking, London, for enhancing its risk culture and its pivotal role in ensuring financial stability in India. RBI's Executive Director, Shri Manoranjan Mishra, accepted the award at a ceremony in London. He highlighted the institution's rigorous risk management approach in navigating India's financial landscape.
Tour de Fabulous: How India’s affluent are seeking extraordinary travel experiences
Personalised travel include things from watching a tuna auction in Tokyo to spending a night at the Palace of Versailles. This trend has led to the rise of luxury travel agencies. A community of about 570 travel agencies and concierges that curate high-end, bespoke journeys has come up.
Iran helicopter crash shows Tehran's reliance on an aging fleet as well as its challenges at home
While the cause of the May 19 crash remains unknown, the sudden death of the hard-line protege of Iranian Supreme Leader Ayatollah Ali Khamenei exposed the contradictions and challenges facing the country's Shiite theocracy. The Iranian military investigators probing the crash have previously faced international criticism over their report on troops shooting down a Ukrainian airliner in 2020.
INDIA Bloc changes the game, emerges as strong Opposition against BJP-led NDA
The INDIA bloc, formed just a year ago, has emerged as a successful national opposition against the BJP-led NDA government. Despite facing challenges, including the exit of Nitish Kumar, the bloc has united Congress and regional parties in a strong resistance. With the NDA's slim majority, the INDIA bloc aims to increase its efforts, possibly seeking alliances with NDA allies. The bloc's effective messaging countered BJP's claims, focusing on issues like constitutional changes and reservation. The bloc's unity was evident in decisions like not attending the Ram temple event. The bloc's performance in various states signals optimism for future elections.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Europe's cybersecurity chief says disruptive attacks have doubled recently, sees Russia behind many
Disruptive digital attacks, linked to Russia-backed groups, have doubled in the EU, targeting election-related services, per the EU's top cybersecurity official, Juhan Lepassaar of ENISA.
At least 22 dead in Memorial Day weekend storms that devastated several US states
Deadly storms ravaged central and southern U.S., causing widespread destruction and fatalities. Recovery efforts are ongoing.
Assam prepares for Cyclone Remal's impact
Government of Assam has taken extensive measures to ensure the safety and well-being of its citizens in light of the impending increase in rainfall and wind speeds due to Cyclone Remal, which will make landfall on May 26 at West Bengal and Bangladesh and move northwards towards the Northeast.
4 key competencies needed in a small business HR manager
Successful HR career requires superior soft skills and emotional intelligence, especially in small business settings.
Singapore Airline revises seatbelt rules following London flight turbulence
On Tuesday, Flight SQ321 encountered severe turbulence, causing the plane to lose altitude and necessitating an emergency landing in Bangkok. As a result, one passenger died, and many others remain hospitalized in Thailand with serious injuries, including spinal-cord damage and head trauma.
On National Day, Israel Prez Isaac Herzog commends PM Modi's support after Hamas attacks
Israeli President Isaac Herzog praised Prime Minister Narendra Modi for his support following the October 7 Hamas attacks. Speaking during Israel's National Day celebrations in New Delhi, Herzog highlighted the strong democratic values and robust bilateral ties between Israel and India. Modi's quick condemnation of the attacks was noted as standing "on the right side of history." Foreign Secretary Vinay Kwatra reaffirmed India's zero-tolerance approach to terrorism and celebrated the growing India-Israel partnership, emphasizing collaboration in various sectors and the enduring bond between the two nations.
Mahindra & Mahindra Finance secures IRDAI license to offer tailored insurance plans
The corporate agency license would help in broadening Mahindra Finance’s product portfolio by incorporating insurance solutions. It would help customers with their financial and insurance needs being met by a single entity. The process would augment the company’s existing sources of revenue and profits as it deploys its common infrastructure of branch network and feet on street.
Singapore Airlines flight hits severe turbulence, one passenger dead, dozens injured
A Singapore Airlines flight from London to Singapore diverted to Bangkok due to severe turbulence, resulting in one passenger dead and multiple injuries reported. The Boeing 777-300ER carried 211 passengers and 18 crew. The airline is coordinating with Thai authorities to provide medical assistance to those affected, news reports said
Aggression or Caution: The choice facing Iran's next leaders
A decade ago, it was possible to imagine a very different future for the United States and Iran. Raisi's predecessor, Hassan Rouhani, and his urbane, Western-educated foreign minister, Mohammad Javad Zarif, seemed determined to dial back the decades of hostility, and sanctions, that had crippled Iran's economy. They talked about personal freedom and women's rights, and courted European leaders even while Iran's Revolutionary Guard kept funding terrorism.
Doing nothing could be the riskiest thing of all
The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.
Volcano erupts again on Iceland peninsula: Met office
Icelandic police declared a state of emergency as a new volcanic fissure erupted on the Reykjanes peninsula, the fourth since December. The eruption, between Stora Skogfell and Hagafell, led to lava flow towards Grindavik. The Icelandic Met Office confirmed the eruption, which occurred close to a previous one on February 8. Authorities evacuated the Blue Lagoon geothermal spa and Grindavik village. The eruptions follow increased seismic activity, indicating a new era of volcanic activity in the region.
US Geological Survey confirms 3.6 magnitude earthquake in Illinois, details inside
Standard, located approximately 100 miles southwest of Chicago in Putnam County, became the epicenter of the seismic activity that unfolded at 4:42 a.m., according to the United States Geological Survey.
Alarm for everyone; Emergency Alert System and Wireless Emergency Alerts tests in US to buzz everybody’s phone
Starting around 2:20 pm ET on Wednesday, all wireless phones should receive an alert and a text message reading, "THIS IS A TEST…”
Maui fire victims being identified slowly, President Joe Biden yet to visit
More than 106 people have died, but only two Maui fire victims have been identified so far. Why the process is so slow, why the president has not visited them? Know in detail.
Death toll from Maui wildfire reaches 89, making it the deadliest in the US in more than 100 years
The new death toll Saturday came as federal emergency workers with axes and cadaver dogs picked through the aftermath of the blaze, marking the ruins of homes with a bright orange X for an initial search and HR when they found human remains.
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