Rahul Gandhi seeks probe into stock market moves during India elections | India Election 2024 News

Rahul Gandhi seeks probe into stock market moves during India elections | India Election 2024 News

Exit poll projections of big wins by Modi’s alliance sent stock markets surging a day before votes were counted. Opposition Indian National Congress leader Rahul Gandhi has demanded a parliamentary investigation into sharp stock market moves towards the end of the just-ended national elections, alleging that Prime Minister Narendra Modi…

Bank of Canada cuts rates for first time in four years as inflation eases | Inflation News

Bank of Canada cuts rates for first time in four years as inflation eases | Inflation News

After keeping rates at a more than two-decade high of five percent, the BoC said indicators for underlying inflation improved. The Bank of Canada has trimmed its key policy rate by 25 basis points to 4.75 percent, in a widely expected move that marked its first cut in four years,…

What’s next for the European Green Deal? | Business and Economy

What’s next for the European Green Deal? | Business and Economy

The makeup of the EU’s next parliament could affect the future of the bloc’s climate policies. European Commission President Ursula von der Leyen unveiled the bloc’s climate plan in 2019, calling it “Europe’s man on the moon moment”. That landing of the so-called European Green Deal is now in question….

What’s the root cause of Nigeria’s economic crisis? | Business and Economy

What’s the root cause of Nigeria’s economic crisis? | Business and Economy

A general strike demanding higher wages brings Nigeria to a standstill. Nigeria has Africa’s largest population and it’s one of the world’s top oil producers. Yet the nation of more than 200 million people has struggled with corruption, economic mismanagement and a weak currency. A general strike this week is…

India shares plunge on concerns of a narrower win for India’s Modi | India Election 2024 News

India shares plunge on concerns of a narrower win for India’s Modi | India Election 2024 News

Indian stocks have suffered their worst intraday fall since March 2020 and foreign investors sold the most on record, as vote-counting trends in the general election suggested Prime Minister Narendra Modi’s alliance was unlikely to win the overwhelming majority predicted by exit polls. With over half the votes counted on…

GameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post | Financial Markets News

GameStop stock jumps as ‘Roaring Kitty’ shows big bet in Reddit post | Financial Markets News

Keith Gill, or ‘Roaring Kitty’, shared a screenshot on Reddit that showed he may hold five million shares of GameStop. Shares of GameStop soared once again following speculation that the man at the centre of the pandemic meme stock craze owns a large number of shares of the video game…

US activists worry about ‘losing major asset’ TikTok as potential ban looms | Social Media

US activists worry about ‘losing major asset’ TikTok as potential ban looms | Social Media

Michael Mezzatesta is a climate educator based in Los Angeles, California. For the last two years, he’s used TikTok and Instagram as a means to spread the word about climate marches and real-life ways people can get involved and fight to take on climate change. In September 2023, he helped…

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts | Tax News

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts | Tax News

New tax thresholds and hike in corporation tax are expected to raise about 2.6 trillion rubles ($29bn) a year. Russia has announced plans to raise taxes on businesses and the wealthy as it scrambles for additional revenue to fund its invasion of Ukraine. Government spending has exceeded revenue by tens…

UK’s Sunak pledges tax cuts for pensioners as Tories face election wipeout | Business and Economy

UK’s Sunak pledges tax cuts for pensioners as Tories face election wipeout | Business and Economy

Opposition Labour Party slams election pledge as latest ‘desperate move’ by governing party. United Kingdom Prime Minister Rishi Sunak has pledged to cut taxes for millions of pensioners as he seeks to turn around his Conservative Party’s dismal poll numbers ahead of general elections in July. Under the plans announced…

Russia to build nuclear power plant in Uzbekistan | Energy News

Russia to build nuclear power plant in Uzbekistan | Energy News

President Shavkat Mirziyoyev says Uzbekistan also interested in buying more oil and gas from Russia. Russia will build a small nuclear power plant in Uzbekistan, the first such project in post-Soviet Central Asia, Uzbek President Shavkat Mirziyoyev has said as he met visiting Russian President Vladimir Putin. Putin said on…