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US aircraft carrier arrives in South Korea as a show of force against nuclear-armed North Korea
A U.S. aircraft carrier, the USS Theodore Roosevelt, has arrived in South Korea for a joint exercise involving Japan, aimed at bolstering military readiness against North Korean threats. The exercise, called Freedom Edge, follows heightened tensions after a security pact between Russia and North Korea. The U.S., South Korea, and Japan are increasing military cooperation, with the USS Roosevelt strike group expected to participate in the drills. The group will later head to the Middle East to promote regional stability and protect commerce.
Roosevelt Dsouza of Nielssen on whether the trend of rural India catching up in FMCG demand is durable
Roosevelt Dsouza of NielsenIQ discusses FMCG trends, emphasizing rural-urban gap. Growth driven by small pack preferences and personal care in rural areas. CEOs review Nielsen report. India awaits rural recovery. Consumer behavior shifts to volume growth. Categories perform differently. Dsouza says there are certain categories where one can see K-shaped growth with some categories moving up and some going down.
Russia's Medvedev says Joe Biden is a 'mad' disgrace to America
Dmitry Medvedev, a Russian official and ally of President Vladimir Putin, criticized Joe Biden, calling him a "mad" disgrace to the United States and claiming he had no right to compare himself to Franklin D. Roosevelt. Medvedev accused Biden of trying to start World War III and fighting for fascists, contrasting him with Roosevelt's efforts for peace
SC halts controversial remission in Bilkis Bano case: Justice prevails over politics
The narrative delves into geopolitical realpolitik akin to FDR's remark on dictators. Highlighting the Supreme Court's reversal of Gujarat's controversial relief to 11 convicted in the Bilkis Bano case, it critiques the political motivations behind the act, emphasizing the heinousness of the crime and the importance of justice over political maneuvering. It stresses the need to uphold justice irrespective of political agendas in granting remission for crimes of significant magnitude.
Why Do People Say 'Rabbit, Rabbit' for Luck on the First Day of the Month? Know the Peculiar Origins and History
Do you know that bizarre remark one is supposed to repeat every single time one gets out of bed for a newly started month? It is a strange superstition that it brings good luck for thirty days after. Most people practice it with absolute faith. However, hardly anyone is aware of interesting stories about how this custom appeared and emerged throughout history.
Democracy works best in environment of pluralism: Narayana Murthy
"Democracy works best in an environment of pluralism where every citizen has the freedom to practice one's own belief and faith without imposing it on others, without hampering the progress of others," Murthy said at the convocation of Techno India University.
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Pakistan to privatise loss-making national airline; govt plans to outsource airport operations in line with IMF deal
The committee also backed the hiring of a financial adviser to process the transaction of Roosevelt Hotel, New York, an asset of the PIAInvestment Limited, it added. Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal. The PIA flights to Europe and the UK have been suspended since 2020 after the European Union's Aviation Safety Agency revoked the national carrier's authorisation to fly to the bloc following the pilot licence scandal.
NASCAR Chicago Street Race: Here’s all you may want to know
The NASCAR Chicago Street Race is here. The excitement among the car racing fans seems to be enormous as numerous drivers will compete on Chicago’s most historic roads.
Booze, drugs, a pet snake and foreign dealings: Families can cause headaches for a White House
Hunter Biden, President Joe Biden's son, has pleaded guilty to misdemeanor tax offenses, avoiding full prosecution for a felony charge of illegally possessing a firearm as a drug user as long as he abides by certain conditions. This case adds to a long history of presidential relatives causing public scrutiny from their behavior and financial dealings. Some have engaged in misconduct, run afoul of the law or caused unpleasant publicity due to their financial dealings. This shows that children of U.S. presidents, like Hunter Biden, have long been subjects of fascination and curiosity, with their every move under public scrutiny.
Pakistan leases out iconic Roosevelt Hotel in New York to NYC Administration for three years; aims to generate$220 million
Pakistan has leased the Roosevelt Hotel, in New York, for three years to the city administration at a cost of $220m, which will provide accommodation to migrants. The lease, part of a larger plan to help boost Pakistan's economy, stipulates a return of the hotel to Pakistan at the end of the contract. The funds secured by the lease are part of an overdue $1.1bn IMF bailout Pakistan requires to avoid defaulting on external debt obligations, and cover spiralling costs of imported fuels.
FMCG recovers with 10.2% value growth in Jan-March 2023
Rural demand saw positive growth at 0.3% for the first time after six quarters, while urban demand maintained the momentum of 5.3%. Food continued to drive consumption growth at 4.3%, while overall non-food consumption turned positive after 6 quarters. Traditional trade witnessed a consumption growth revival, while modern trade retained double-digit growth, NielsenIQ said.
Biden reconstitutes his national economic team retains Indian-American Bharat Ramamurti
Ramamurti would continue to serve as Deputy Director of the National Economic Council and as an Adviser for Strategic Economic Communications, the White House said, reflecting that the president has kept him as part of his core team.
Jr NTR's likely to get Oscar nod for 'Best actor' in RRR, fans excited
RRR, directed by SS Rajamouli, has been nominated for 14 Oscars in 2023, including Best Actor. This list includes five scenes that make Jr NTR, who played Komaram Bheem, a worthy Academy Award nominee.
Black Friday: All you need to know about the biggest sale of the year
Black Friday marks the beginning of the Christmas shopping season in the United States. However, the term was used by police authorities in Philadelphia to describe traffic congestion on the day after Thanksgiving.
Powell's stark message: Inflation fight may cause recession
Fed officials now foresee the economy expanding just 0.2 per cent this year, sharply lower than their forecast of 1.7 per cent growth just three months ago. And they envision sluggish growth below 2 per cent from 2023 through 2025.
Tech rally haunted by ‘palpable fear’ of chip industry weakness
Investors are concerned slowing orders that are already plaguing makers of memory chips and other components used in personal computers could spread to the rest of the semiconductor industry. Nothwithstanding the Nasdaq 100 Index’s 4% rebound this week, technology stocks
Pakistan PM visits Qatar seeking trade and investment
The South Asian country of 220 million people is in economic turmoil with a balance of payment crises as its foreign reserves have fallen to as low as $7.8 billion, hardly enough for more than a month of imports, a widening current account deficit, a historic depreciation of the rupee against the U.S. dollar and 24.9% inflation posted in July.
PayPal shares jump on Elliott's $2 bln stake, annual profit guidance raise
PayPal, which was among companies that won big during the pandemic, saw shares wipe out over 70% of their market value in a year as e-commerce growth retreated from pandemic-era records.
Watch: Transformer explodes at Hoover Dam in US. Check out viral video
The largest dam in the US, which helps to produce 4 billion kilowatt hours of hydroelectric power, witnessed an explosion at one of its transformers. The video of the incident at Hoover Dam, which was filmed by a visitor, has gone viral.
High fuel prices hurt - but not equally for Walmart and Target
Walmart stores are concentrated in states where gas and diesel prices are below the national average, like Texas and Florida, while Target stores skew toward high-cost states like California and New York.
1933 Double Eagle gold coin sells for record $18.87 mn at auction
The $20 coin sailed past its pre-sale estimate price of $10-15 mn.
US-Philippines officials discuss concerns over China's ships
In their phone call, Austin proposed to Lorenzana several measures to deepen defence cooperation, including by “enhancing situational awareness of threats in the South China Sea,” Kirby said. He did not elaborate.
Churchill's painting of Marrakesh, owned by Angelina Jolie, fetches $9.75 mn at auction
Two more of his paintings also went under the hammer, with the three works together fetching £9.43 million.
View: After the deluge of 'Trumpism', it's a long slog ahead for the United States
For the rampaging mob on Capitol Hill, its daring takeover bid was justified by the belief that the elites had stolen the November 3 presidential election, and that they had to fight to keep Trump in power. The idea was to violently ‘take back control’ and demonstrate that Trump was not yet finished.
Be wary of the psephology: Why opinion polls should be taken with a pinch of salt
Experts acknowledge that in 2016, three factors caused the opinion polls to diverge from the actual electoral outcome: indecisive voters, who ended up voting more for Trump than Clinton; a flawed sampling frame, and a significant proportion of those who did not respond to pollsters.
Chinese group plans to recover WWII American plane from lake
Way back, in 1941, American President Franklin D Roosevelt dispatched a squad of fighters to China called the Flying Tigers.
American Museum of Natural History to remove Roosevelt statue from entrance after years of objections
An official said it symbolises colonial expansion and racial discrimination.
Stimulus is an attempt to construct an equivalent of Roosevelt's New Deal: CEA
"Demand-side impact can manifest if people start losing their jobs in significant numbers."
View: Desperate India may now need Modi to do a Roosevelt
Every nudge by the Reserve Bank of India to make lenders take credit risk has fallen flat.
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