Visa’s China approval a ‘direct outcome’ of Xi-Trump summit, Beijing says
China said on Thursday that the recent government approval allowing American bank card payment giant Visa to operate in the country was the “direct outcome” of Chinese President Xi Jinping’s state visit to the United States last month. “The Visa card was granted permission to establish a banking card clearing institution,” said Qiu Wenxing, the Deputy Chief of Mission at the Chinese embassy in Washington. “It is a direct outcome of the presidential summit.” Visa received administrative approval...
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India-US trade pact in last leg of legal drafting, says Piyush Goyal
India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon. The agreement, following sessions with US trade representatives, aims to ensure preferential access for Indian exporters. Indian officials hope for tariff stability and seek resolution on outstanding issues before the deal is signed.
Southwest monsoon exits India with 13% rain deficit
The southwest monsoon made its withdrawal from the entire country, which was expected this year. The northeastern monsoon has begun over Tamil Nadu, Puducherry, and other southern regions of India. Rainfall was recorded over Tamil Nadu, with many areas experiencing heavy downpours in the last 24 hours. The monsoon season concluded with a 13% deficit in rainfall, below the long-term average. The India Meteorological Department reported a total of 759.
Southwest monsoon exits India with 13% rain deficit
The southwest monsoon made its withdrawal from the entire country, which was expected this year. The northeastern monsoon has begun over Tamil Nadu, Puducherry, and other southern regions of India. Rainfall was recorded over Tamil Nadu, with many areas experiencing heavy downpours in the last 24 hours. The monsoon season concluded with a 13% deficit in rainfall, below the long-term average. The India Meteorological Department reported a total of 759.
India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit
India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods. At the same time, imports rose by only 8%, leading to a reduced trade deficit of $30.21 billion. This export growth reflects a sustained positive trend in the second quarter of the current fiscal year. Notably, gold imports fell sharply by 81.27%, impacting overall import figures.
Saudis intercept Houthi missile in Medina region
A cruise missile was intercepted by the Saudi-led coalition in Medina, which is a significant religious site. The Houthis refuted claims of targeting the region, maintaining their promise to avoid holy cities. Recent attacks by Houthis have increasingly targeted Saudi Arabia, with notable strikes in Riyadh. Consequently, a planned EU-Gulf summit in Riyadh has been postponed due to ongoing tensions.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
‘We’re done’, says Zelenskyy as Kyiv hits Moscow refinery
Ukraine has returned to attacking Russian oil refineries after President Volodymyr Zelenskyy stated that patience had worn thin. The ceasefire on energy targets, which was supported by Donald Trump, is effectively over due to Russia's continued attacks. Six Russian Su-34M military aircraft have been damaged in a Ukrainian strike. Meanwhile, Russian diesel exports are starting to reach global markets as the Kremlin announces a new agreement.
Mistry Objection Not Valid, say two Tata Trusts
Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.
KFC signs Coca-Cola on as new beverage partner, ditching PepsiCo
KFC has officially signed a partnership agreement with Coca-Cola to provide beverages at its restaurants. This deal marks the end of KFC's long-standing relationship with PepsiCo, which is facing sales challenges. Coca-Cola products will be available in KFC locations across the United States starting in spring 2027. The announcement was first reported by The Wall Street Journal, indicating significant industry changes.
Dubai bets $1.4 billion on a new financial district after Gulf war slowdown
Dubai is advancing a significant $1.4 billion real estate project, which includes hotels and office spaces. Although property transactions have been impacted by regional tensions, prices remain relatively stable in the market. H&H Development has begun construction with a workforce of 30,000 on-site, aiming for completion by 2028. Despite lower sales, about 85% of the branded residences have been sold for high prices.