MAY 9
US trade deficit widens in May on weak exports
The U.S. trade deficit widened for a second consecutive month in May, reaching $75.1 billion as exports decreased, potentially impacting economic growth in the second quarter; the goods trade deficit also rose to $100.2 billion, the highest since May 2022, with a 0.9 per cent increase, while services exports saw a boost from travel, helping offset declines in automotive and goods exports.
US sanctions Boeing for sharing information about 737 Max 9 investigation
US investigators are sanctioning Boeing for sharing unauthorised information about a federal investigation into a door plug blowout on a Boeing 737 Max 9. The National Transportation Safety Board accused Boeing of violating investigative regulations by providing non-public information to the media and speculating about possible causes of the incident. Boeing's recent actions have led to sanctions, including restricted access to investigative information and a subpoena to appear at an investigative hearing in August.
Best Ryzen 9 Laptops in India for Smooth Gaming Performance (2024)
Are you looking for a smooth gaming experience or graphic designing? If so, then continue reading this article to learn about the best Ryzen 9 laptops in India which are equipped with the said processor along with latest technological features. Go through the complete list, find the one that suits you the best and place your order using the buying link shared in the article below.
US manufacturing production surges 0.9% in May; beats monthly expectations
In May, production at U.S. factories rebounded more than anticipated, recovering from declines in the previous two months. However, sustained momentum is unlikely due to rising interest rates and weakening demand for goods. According to the Federal Reserve's report on Tuesday, manufacturing output surged by 0.9% last month, following a downward revision showing a 0.4% decline in April.
Best Core i9 Laptops (2024): Unmatched performance and speed for power users
Explore the best Core i9 laptops that combine high-performance computing with sleek design. These top-tier models offer exceptional speed, powerful graphics, and advanced cooling solutions, making them ideal for gaming, content creation, and professional tasks. Featuring cutting-edge technology from leading brands, these laptops deliver superior multitasking capabilities and enhanced user experiences, setting new standards in portable computing.
US sanctions Israeli group Tsav 9: Who are they and why are they targeted?
The United States has imposed sanctions on Tsav 9, a far-right Israeli group, for blocking humanitarian aid convoys to Gaza. Tsav 9, comprised of settlers, reservists, and families affected by Hamas, opposes aid to Gaza, alleging it benefits Hamas. The group has engaged in violent actions, including blocking roads and attacking convoys. US sanctions aim to hold perpetrators accountable, isolate Tsav 9 financially, and send a message against obstructing humanitarian efforts.
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H-1B and L-1 visa workers may cost US employers thousands of dollars more
Employers may soon have to pay additional fees to extend work visas for foreign employees under a new DHS proposal. The proposal includes a $4,000 fee for H-1B visa extensions and a $4,500 fee for L-1 visa extensions.
China's May industrial output misses forecasts, retail sales a bright spot
China's industrial output fell below expectations, leading to calls for fiscal and monetary policy support. Retail sales exceeded forecasts, driven by global demand.
India's trade deficit in May widens to $23.78 billion; exports rise 9%
India's trade deficit widened to $23.78 billion, falling short of economists' $19.5 billion projection, per a Reuters poll. May saw a 9% increase in merchandise exports to $38.13 billion, driven by engineering goods, commercial vehicles, and smartphones. Merchandise imports surged by 7.7% year-on-year to $61.91 billion. Analysts expect exports to rebound, aided by global trade recovery, manufacturing incentives, and domestic inflation easing.
India’s wholesale prices accelerate to 15-month high of 2.61% in May
India's Wholesale Price Index (WPI) surged to a 15-month high of 2.61 percent in May, up from 1.26 percent in April 2023. This increase was notably higher compared to the 3.48 percent decline seen in May 2023. The numbers accelerated significantly, with WPI reaching 7.4 percent in May, up from 5.5 percent in April and 4.82 percent in May 2023. Primary articles inflation rose to 7.2 percent in May from 5.01 percent in April, while fuel and power inflation remained subdued at around 1.4 percent.
These 9 equity mutual funds saw outflow of over Rs 300 crore in May
The total inflows in the equity mutual funds increased by around 83% month on month to Rs 34,697 crore in May from Rs 18,917 crore in April. Here are the equity mutual fund schemes that saw outflows of more than Rs 300 crore in May, according to the data by ACE MF.
These 9 equity mutual fund categories received higher inflows in May
Inflows into equity mutual funds surged by 83% to Rs 34,697 crore in May from Rs 18,917 crore in April. Around 9 equity mutual fund categories received higher inflows in May, according to the monthly data released by AMFI. There were around 11 equity mutual fund categories.
Equity MF inflows surge 83% to Rs 34,697 crore in May; debt flows plunge 78%
In May, equity mutual funds experienced a notable 83% increase in inflows to Rs 34,697 crore from April's Rs 18,917 crore. Sectoral/thematic funds saw a remarkable 272% surge, reaching Rs 19,213.43 crore from Rs 5,166.05 crore in April. Flexi cap funds followed with Rs 3,155.07 crore in May, up from Rs 2,172.93 crore in April.
9-1-1: Lone Star: Is the show ending with Season 5? All about challenges, contract details & cast
Something new is being cooked up in the world of "9-1-1: Lone Star." It could be a new season coming up or something else. 60 episodes of 9-1-1: Lone Star have been broadcast as of May 16, 2023, marking the end of the show's fourth season.
99-feet-long asteroid to come close to Earth. Know date and time. Will it collide and create devastation?
An asteroid is a rocky, metallic, or icy body with no atmosphere, it is present in our solar system. It is neither a true planet nor an identified comet, that orbits within the inner Solar System.
US services sector activity beats expectations in May
Activity in the US services sector rebounded in May, surpassing expectations, with the ISM services index rising to 53.8%. Chair Anthony Nieves noted higher business activity, new orders growth, and employment challenges.
Refined Russian petro goods imports rise 14% in May
India's import of refined products from Russia increased by 14% in May, with naphtha imports tripling. State-run refiners brought in 77% more Russian products, but imports were lower than China and Europe.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
‘9-1-1’ Season 8: Release date, episode count and what to expect from 118, Bobby & Eddie
As viewers say goodbye to the thrilling Season 7 of "9-1-1," curiosity mounts about the fate of the show and its beloved characters. With Season 8 on the horizon, stars Peter Krause and Ryan Guzman offer compelling insights into what lies ahead for the 118.
FD interest rate up to 9.5%: These 10 banks have revised FD interest rates in May
Yes Bank has revised fixed deposit (FD) interest rates by up to 25 basis points (bps) for specific tenures on deposits under Rs 2 crore. These revised interest rates are effective from May 30, 2024. After the revision, regular citizens can now avail of interest rates ranging from 3.25 per cent to 8 per cent, while senior citizens are offered rates between 3.75 per cent and 8.50 per cent. The highest interest rate of 8 per cent and 8.50 per cent is offered on tenure of 18 months.
Mahindra sales rise 17 pc in May at 71,682 units
Mahindra & Mahindra witnessed a 17% year-on-year increase in total wholesales, reaching 71,682 units in May. Domestic passenger vehicle sales surged 31% to 43,218 units, while exports rose 2% to 2,671 units. The Farm Equipment Sector reported a 9% rise in total tractor sales, attributing the growth to timely monsoons and favorable agricultural sentiments.
XDefiant Preseason Battle Pass: All you need to know
The XDefiant Preseason Battle Pass launched on May 21, 2024, offering 50 levels of rewards including skins, boosters and XCoins. The pass costs 700 XCoins and ends on July 2, 2024.
A year after May 9 protests in Pakistan: A turning point in civil-military relations?
Even though the military remains the final arbiter in Pakistan to determine the course of politics, the May 9 protests have made it more difficult and challenging than ever for it to manage the guided democracy. The anguish and sentiment of people against the instrumental role of the military have raised questions about its legitimacy.
Pak Army chief says there will be 'no compromise' with May 9, 2023, attack planners
The Chief of Army Staff of Pakistan, General Syed Asim Munir, has strongly condemned the attacks on military establishments that occurred on May 9, 2023, calling it a 'dark chapter in our history.' He emphasized that there can be no compromise with the planners and architects of these attacks, terming them 'deliberately indoctrinated and insidiously guided miscreants.' General Munir stated that those responsible for orchestrating violence and attacking the symbols of the state will be held accountable, especially if there is undeniable proof of their involvement.
Heat wave possibility: IMD issues yellow alert in Kerala's Alappuzha district for May 9
The India Meteorological Department issued a yellow alert for Alappuzha due to impending heatwave conditions. Maximum temperatures in various districts, including Thrissur and Palakkad, were predicted to exceed normal by 3-5 degrees Celsius till May 10. Alappuzha faced the possibility of heatwave conditions on May 9.
Former Pakistan Prime Minister Imran Khan refuses to apologise over May 9 riots
Jailed former Pakistan Prime Minister Imran Khan has refused to apologize for the May 9 riots, following the military's demand for an apology. Khan, facing corruption charges, expressed readiness for an inquiry into past protests but denied involvement in the violent events. The ex-PM emphasized his commitment to dialogue for the country's sake amid ongoing legal proceedings and allegations related to the unrest.
Molestation case: Bengal Governor shows CCTV footage of Raj Bhavan to common people
West Bengal Governor C V Ananda Bose presented CCTV footage from May 2 to about 100 individuals amidst allegations of molestation by a female employee of Raj Bhavan. The footage from two CCTV cameras at the main gate was shown to people at the ground floor hall of Raj Bhavan. This comes after a contractual female employee filed a complaint with Kolkata Police accusing Bose of molestation.
Pakistan on edge on first anniversary of May 9 mayhem
On the first anniversary of violent protests led by supporters of jailed former Prime Minister Imran Khan in Pakistan, tension grips the nation. Last year's chaos on May 9 saw Khan's Pakistan Tehreek-e-Insaf party followers vandalizing military installations and government buildings. PTI alleges the violence was a "false flag operation" orchestrated by its opponents. Despite crackdowns, PTI plans peaceful protests this year. President Zardari condemned last year's violence, calling for responsible exercise of democratic rights and accountability for those involved in the unrest.
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