Banking stocks, high oil prices drag Indian markets lower

China’s flag carrier scrambles to fly stranded passengers out of fuel-starved Cuba

Dozens of Air China passengers stranded in Cuba by successive cancellations were due to fly out on an extra flight on Monday, as a US oil embargo deepens the island’s energy crisis. The disruption has hit one of Cuba’s last direct air links to Europe, the Chinese carrier’s twice-weekly route between Beijing and Havana via Madrid. Air China added flight CA590 for travellers whose regular CA866 service was cancelled before October 10, the Chinese embassy said in a notice on Sunday. The flight was...

Honduras targets Chinese shops, state builder as President Asfura sits on Taiwan pledge

Honduran migration officials have summoned or placed under review 41 Chinese nationals after inspecting shops in the capital and a hospital being built by a state-owned contractor from China in the south of the country. Teams from the National Migration Institute, working with police and intelligence officers, interviewed 86 Chinese citizens at 54 shops in Comayaguela, Tegucigalpa’s twin city and main commercial district, and told 25 of them to report for further document checks. Migration...

China curbs spur push for local manufacturing

India's government will consult stakeholders on measures to mitigate the impact of Chinese export constraints. China recently imposed new restrictions on heavy machinery, such as tunnel boring machines, set to take effect soon. Indian officials assert that there should be no significant slowdown in highway development despite these curbs. The domestic construction industry is becoming increasingly self-sufficient regarding general equipment needs.

Finance Ministry to run financial inclusion campaign

The finance ministry is launching a campaign to saturate financial schemes across various local bodies. This initiative will reach 2.70 lakh gram panchayats and urban local bodies throughout India. Banks are expected to organize camps for enrolments and Aadhaar seeding for key schemes. The campaign will also involve updating nominations in savings accounts and providing other financial facilities.

'Laying our cities to waste…': Italian PM Meloni blasts 'hooligans' as Milan protests turn violent

Zelenskyy says Ukraine got no early warning from partners as Russia hits the power grid again

Zelenskyy is grappling with recent Washington moves benefiting Russian President Vladimir Putin, including waiving U.S. sanctions on Moscow and signing a deal to import diesel from Moscow.

'Don't know, can't know': Rubio pressed on why Ukraine wasn’t warned about Russian ballistic missile

Foxconn buys $727 million stake in Mitsubishi EV parts biz

Mitsubishi will contribute technology in electric powertrains, autonomous driving and in-car intelligence for EV platforms developed by Foxconn, the companies said Monday during a news conference in Tokyo.

'Will not stop with her': Obama blasts Trump over Ilhan Omar case, calls investigation ‘appalling’

Shiromani Akali Dal's three-phase yatra to begin & end at religious places

SAD president Sukhbir Singh Badal will launch the first phase on November 10 from Talwandi Sabo, covering more than 65 assembly constituencies in the Malwa region. The yatra will cover two constituencies every day, with Badal travelling by road in a specially designed bus and addressing party workers and gatherings along the route.

RBI tightens scrutiny of $1 billion-plus overseas investments amid rupee pressure

The Reserve Bank of India is implementing stricter scrutiny on large overseas direct investments by Indian companies. Banks must now collect and present detailed information regarding these investments to the RBI. This initiative aims to prevent potential losses for both the companies and the Indian economy. The RBI's checklist requires banks to conduct thorough due diligence on the rationale behind each investment.

Chorbagan tragedy could have been averted if Adhikari government had made proper planning: Adhir Ranjan Chowdhury

Adhir Ranjan Chowdhury said nine IPS officers, who were transferred out of Kolkata following the West Bengal assembly election results, have been brought back only after the tragedy struck.