India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling | Business and Economy News

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling | Business and Economy News

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Since Modi came to power in 2014, GDP per capita has risen from about $5,000 to more than $7,500. India’s GDP growth hit 8.4…

Samsung workers in South Korea take industrial action for first time | Business and Economy News

Samsung workers in South Korea take industrial action for first time | Business and Economy News

National Samsung Electronics Union, which represents tens of thousands of people, is pushing for better wages. Staff at Samsung Electronics, one of the world’s largest smartphone manufacturers and also one of the only companies producing high-end semiconductors, have taken industrial action for the first time as part of a six-month…

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…

Nvidia overtakes Apple to become world’s second-most valuable company | Technology

Nvidia overtakes Apple to become world’s second-most valuable company | Technology

Chipmaker’s market capitalisation passes $3 trillion after latest rally in stock price. Nvidia has overtaken Apple to become the world’s second-most valuable company, with furious demand for the chipmaker’s shares taking its valuation to over $3 trillion. Shares of Nvidia gained 5.2 percent on Wednesday to close at $1,224.40, lifting…

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,…

AI ‘healthcare revolution’ already under way, Nvidia says | Health

AI ‘healthcare revolution’ already under way, Nvidia says | Health

Top executive says AI likely to affect healthcare more than any other area of life. Taipei, Taiwan – Generative artificial intelligence (AI) has already brought about a “healthcare revolution” and is set to transform everything from pharmaceutical research to patient diagnostics and post-operative treatment, a top executive at chip giant…

India election: Why Modi’s narrow win sent the stock market tumbling | Financial Markets

India election: Why Modi’s narrow win sent the stock market tumbling | Financial Markets

India’s stock market took its worst tumble in four years after Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) lost its parliamentary majority. The shock outcome of Tuesday’s election count means Modi will need to rely on smaller parties to form a governing majority in the 543-member Lok Sabha,…

Australia drops legal fight against X over church stabbing videos | Social Media

Australia drops legal fight against X over church stabbing videos | Social Media

Elon Musk’s social media platform welcomes decision as a victory for freedom of speech. Australia’s internet watchdog has ended a legal battle to force Elon Musk’s X to remove a graphic video of a church stabbing in Sydney. The eSafety commissioner, Julie Inman, said on Wednesday that she had decided…

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…

Epoch Times executive arrested over alleged $67m money laundering scheme | Media News

Epoch Times executive arrested over alleged $67m money laundering scheme | Media News

Weidong Guan is accused of involvement in ‘sprawling’ scheme to launder money to benefit himself and the right-wing outlet. A top executive at the Epoch Times, a New York-based conservative media outlet known for its fierce criticism of the Chinese government, has been arrested over his alleged involvement in a…