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JD(U) will push for special status, package for Bihar: Nitish's close aide
Manish Kumar Verma, a key aide of Bihar CM Nitish Kumar, emphasized JD(U)'s demand for special status for the state. He highlighted support for Kumar's leadership in upcoming polls and hinted at potential changes within the party.
U.S Presidential Election 2024: Joe Biden likely to lose by a landslide, says former Obama advisor
A former presidential advisor to Barack Obama has said that President Biden is out of touch with ground realities and he is expected to lose by a landslide in the upcoming election in November. President Biden has exuded confidence and said that he will win the election and even finish his second term in office.
Ex-IAS officer Manish Verma joins JD(U)
Former IAS officer Manish Verma, a close aide of Bihar CM Nitish Kumar, recently joined JD(U), having previously served as Additional Advisor to the CM, and was inducted into the party in the presence of top leaders. Hailing from Kumar's home district Nalanda and belonging to the Kurmi community, Verma's loyalty to the CM and strong ties with other JD(U) leaders are notable. His past roles include district magistrate in Patna and Purnea, as well as membership in the Bihar State Disaster Management Authority.
SC appoints ex-CJI U U Lalit as head of committee for appointment of VCs in West Bengal
The Supreme Court has appointed former Chief Justice of India U U Lalit to lead a search-cum-selection committee for appointing vice-chancellors in West Bengal's state-run universities. This decision comes amid ongoing disputes between the West Bengal government and Governor C V Ananda Bose over university administration. A bench of Justices Surya Kant and Ujjal Bhuyan ordered the formation of the committee within two weeks, which will include five members.
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
Boeing is set to plead guilty to a criminal fraud charge stemming from two 737 Max jetliners that killed 346 people, after the government determined the company violated an agreement that had protected it from prosecution for more than three years. Federal prosecutors accused Boeing of deceiving regulators who approved the airplane and pilot-training requirements for it. The plea deal, which still requires federal judge approval, calls for Boeing to pay an additional $243.6 million fine, the same amount it paid under the 2021 settlement that the Justice Department said the company breached.
Why have U.S. Wildlife officials planned to kill half a million barred owls? Know about the controversy
U.S. wildlife officials plan to use trained shooters to kill barred owls in West Coast forests to save endangered spotted owls. This controversial strategy aims to address the decline of spotted owls caused by the proliferation of barred owls.
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Brent crude oil holds above $87 a barrel
Brent crude futures fell 29 cents (0.3%) to $87.05 a barrel, and U.S. West Texas Intermediate (WTI) crude futures dropped 40 cents (0.5%) to $83.48 amid thin trading due to the U.S. Independence Day holiday. In the previous session, Brent rose 1.3% to $87.34, its highest close since April 30, while WTI settled at an 11-week high of $83.88.
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
China says US targeting of AI not helpful to healthy development
Last month, the United States released draft regulations to prohibit or mandate notification of specific investments in artificial intelligence and other technology sectors in China that might pose a threat to US national security. "We strongly oppose these sanctions," said Chinese UN Ambassador Fu Cong.
Top U.S. banks hike dividends after sailing through Fed's stress test
U.S. banking leaders increase third-quarter dividends following successful Federal Reserve stress tests, demonstrating robust financial health amid economic uncertainty.
Jobs, inflation data may break the US Treasury market out of narrow range
Bond market trends are closely tied to Powell's testimony, economic indicators, and Treasury yield movements. Factors like the recent Australia inflation rebound, central bank actions, and insights from Macquarie Group are key considerations for investors navigating market uncertainties.
WikiLeaks founder Julian Assange walks out of U.S. court a 'free man' after guilty plea
WikiLeaks founder Julian Assange has been freed after pleading guilty to violating U.S. espionage laws in a landmark deal on the Pacific island of Saipan. During the hearing, Assange admitted to conspiring to obtain and publish classified U.S. defense documents, citing a belief in First Amendment protections for journalism. Chief U.S. District Judge Ramona V. Manglona accepted his plea, citing time served in a British jail. Assange, accompanied by Australian diplomats, will return to Canberra, ending a lengthy legal saga marked by extradition battles and international controversy.
A new $72,000 migrant smuggling route to the US starts with a charter flight, and many Indians are waiting to board
Indian nationals on a Legend Airlines flight faced challenges in El Salvador as they attempted to reach the U.S. via Mexico. The incident sheds light on a new phase of illegal immigration through intercontinental smuggling routes, impacting U.S. border policies and migrants' journeys.
PayU India FY24 consolidated revenue rises 22% to $1.1 billion
Prosus's fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed to the success of their Payment Service Provider (PSP) businesses in India and Turkey, alongside continued expansion in their India credit operations and the global payment operations (GPO) business.
Asian shares end the week with a whimper, yen back to intervention watch
Asian shares ended the week lower as profit-taking followed a rally to 26-month highs. The U.S. dollar's strength pushed the Japanese yen towards intervention levels.
Asian shares end the week with a whimper, yen struggles
Asian shares end week with profit-taking as U.S. dollar strength pressures yen towards intervention zone.
Smallcap EV stock surges 20% after winning a billion-dollar Philippines deal
Shares of small-cap EV manufacturer Wardwizard Innovations and Mobility (WIML) soared by 20% on the BSE during Monday's trading session, reaching the day’s high of Rs 62.71. This surge was fueled by the company's announcement of securing a $1.29 billion contract from a Philippines-based company, Beulah International Development Corporation.
Dollar or other currencies? How the US is daring the world to find a dollar alternative
The United States is challenging its own foundations as the world's reserve currency with attacks on the legal system following Donald Trump's conviction. Despite growing consternation, no credible alternative has emerged. The dollar's dominance stems from U.S. democratic principles, but threats loom as sanctions and political turmoil test its credibility.
The world's now oysterer: Why a coalition govt will likely add to India’s geopolitical heft, not reduce it
The Modi government has already set out to tweak its image. In his first address to NDA members on June 7, the PM said his government believed in the philosophy of 'Sarva Panth Sambhava' (all religions are equal)'. At the diplomatic level, the image of a friendly and more accommodating government would help win many more friends.
Best way to avoid someone on a flight
No one knows what words Nitish Kumar and Tejashwi Yadav exchanged during their Wednesday flight from Patna to Delhi. But assigned a seat behind the Bihar chief minister, the RJD leader was visibly awkward. Especially since unlike other public spaces, removing oneself from an airborne plane, not the biggest of spaces to hide away inside anyway, wasn't an option.
‘Kingmaker’ Nitish Kumar, ‘Hot’ Rahul Gandhi: Memes cast a vote for polls
Saumya Sahni, a 27-year-old content creator and comic, relies on memes for her knowledge of the Lok Sabha election results, finding humor essential for digesting information. Memes on social media platforms, especially Instagram, have been a popular medium for expressing sentiments about the election results, often using humor and sarcasm to convey social, political, or cultural commentary. However, while memes are effective in engaging audiences and spreading awareness, there is a need for better attribution practices to credit original creators.
From supremacy to coalition dharma: A new path for BJP
In the aftermath of the Lok Sabha election results, the BJP-led NDA appeared unlikely to reach the majority mark on its own, signaling a return to coalition politics. With allies like TDP and JD(U) in focus, intense negotiations are underway as the BJP navigates forming a government amidst unexpected outcomes. The transition from Modi's majority rule to coalition governance poses challenges and uncertainties for India's political landscape.
Biden prepares a tough executive order that would shut down asylum after 2,500 migrants arrive a day
The White House is discussing plans for President Biden to issue an executive order closing asylum requests at the U.S.-Mexico border if daily encounters hit 2,500 between ports of entry, reopening when the number falls to 1,500. This move aims to control border numbers and is expected to be announced on Tuesday.
Donald Trump is a convicted felon. Now what?
Former U.S. President Trump, convicted but free pending sentencing for falsifying business records to cover up a hush money payment. Next steps in the legal process outlined. Future implications on the Nov. 5 election discussed.
France's Macron urges a green light for Ukraine to strike targets inside Russia with Western weapons
French President Emmanuel Macron urged Western allies to allow Ukraine to strike Russian military bases using long-range weapons provided by the West. Macron's call, echoed by NATO Secretary-General Jens Stoltenberg, comes amid Ukraine's struggles due to delayed military aid and shortages. While Western leaders have been cautious, fearing escalation, Macron emphasized targeting only Russian bases launching attacks on Ukraine. The U.S. remains hesitant, maintaining restrictions on using its weapons to strike inside Russia. Recent European pledges include significant military support from Belgium, Spain, and Sweden.
Is it a good idea for laid off H-1B workers to switch to a US tourist visa, and back again?
When laid-off H-1B workers consider transitioning to B-1/B-2 visitor status for job searching, they gain valuable time and a streamlined process back to H-1B, endorsed by USCIS. This strategic move offers a safety net and opportunity for a successful career transition in the U.S.
Building a new society
The historic declaration by the Prophet-Herald, Bab, marked the beginning of a new era for the Baha'i Faith. Baha'u'llah, the founder, furthered this era by proclaiming to emperors and rulers to establish peace and justice. The confusion and chaos prevailing on Earth threaten civilization and the planet's ecosphere. Countries require a supporting culture for collective awakening.
How might a US-Saudi civil nuclear deal work?
White House National Security Adviser Jake Sullivan to visit Saudi Arabia to discuss a civil nuclear cooperation agreement, key for U.S.-Saudi relations and Israeli-Saudi reconciliation under Section 123 of the U.S. Atomic Energy Act of 1954.
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