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India's GDP (PPP) Gains Outpace Germany and Britain: Report
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#820763b7 ver:0.25
India's economy continues to outperform countries like Germany and Britain in terms of GDP (PPP) gains, according to a report by the Delhi-based nonprofit Social Policy Research Foundation (SPRF) . As of 2024, India's GDP (PPP) is 3.6 times that of the UK, 2.1 times that of Japan, and 2.5 times that of Germany . The report highlights that India's share of GDP (PPP) as a percentage of the global GDP at PPP has been increasing, while that of the US, Japan, Russia, and other countries has decreased . This indicates India's growing economic significance on the global stage .
India's strong economic performance is further supported by recent data. The Indian economy grew by 8.4% in the third quarter of 2023-24, driven by double-digit growth in the manufacturing sector and a good growth rate in...
#newstr #India #Gdp #Ppp #Germany #Britain #Economy
Four Magnificent Growth Stocks to Consider in the Nasdaq Bull Market
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#a9acc738 ver:0.12
In the wake of the Nasdaq bear market dip, investors are looking for growth stocks that have the potential to rebound and deliver strong returns. The Nasdaq Composite currently sits 3% below its record closing high, presenting an opportunity for investors to buy stocks at a discount.
A recent article from The Motley Fool highlights four exhilarating growth stocks that investors may regret not buying. These stocks have attractive valuations and strong growth potential.
The first stock mentioned is Meta Platforms (NASDAQ: META), a social media powerhouse with strong ad-pricing power and a large user base. The company is well-positioned to benefit from the continued growth of the digital advertising industry. Additionally, Meta Platforms has a unique position for targeted advertising, makin...
#newstr #GrowthStocks #Nasdaq #MetaPlatforms #Exelixis #Sentinelone #Pinterest
India's Non-Alliance Culture: Balancing Relations with Russia and US
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#8008271b ver:0.06
Former foreign secretary Vijay Gokhale’s book offers a retelling of how a young India navigated big-power diplomacy with China. The conflict over India’s disputed border with China in the Himalayas and the global contest over the South China Sea continue. The US is trying to capture the global supply chain by isolating China, while European allies have increased trade and investment with China. India remains in the middle, leaning towards the US as part of the Quad. India's trade with Beijing reached a record high of $136.2bn in 2023. Prime Minister Jawaharlal Nehru presciently wrote a memo about the possibility of Chinese invasion of Tibet. The book also discusses India's role in the 'great game' in the Far East in the 1950s and its attempts at mediation in the Taiwan Strait crises. India...
#newstr #India #China #Russia #Us #ForeignRelations #NonallianceCulture #Diplomacy
UK Stocks Trade at Record Discount to US Amid Brexit Concerns
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#c3bb799d ver:0.06
European companies, including Flutter Entertainment, CRH, and Smurfit Kappa, are delisting from home exchanges and opting for US exchanges like the New York Stock Exchange and NASDAQ. Some UK and European companies are even choosing to launch their initial public offerings (IPOs) directly on US exchanges. The allure of US exchanges includes higher valuations and access to larger markets. The US government's focus on green and sustainable projects and industries also presents new opportunities for UK companies. The US has made it easier for foreign companies to invest in various sectors, unlike the UK. UK tech companies see a listing on the NASDAQ as an opportunity for future investments. US equities dominate world markets, and the US economy has experienced faster growth than the UK and Eu...
#newstr #UkStocks #UsStocks #Brexit #FinancialMarkets #Investing
India Turns to US and UAE for Oil as Sanctions Hinder Russian Imports
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#e5f037fa ver:0.09
India is increasing its purchases of US oil as sanctions on Russia stifle the flow of Russian crude. State-owned Bharat Petroleum Corp., Indian Oil Corp., and Reliance Industries Ltd. have bought approximately 7 million barrels of US crude for loading in April. The move comes as India faces challenges in importing cheap Russian oil due to US-imposed sanctions. The sanctions have targeted Russia's leading tanker group, Sovcomflot, and 14 crude oil tankers associated with the company. Indian oil refiners are concerned that the sanctions will make it difficult to secure vessels for Russian oil and could drive up freight rates. In response, India has turned to the US for alternative oil supplies .
India has become the largest buyer of Russian seaborne crude, importing around 1.66 million bar...
#newstr #India #Us #Russia #Sanctions #OilImports #Uae #Adnoc #StrategicStorage #Mangalore
Mixed Poll Results Show Close Contest Between Biden and Trump
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#0e829891 ver:0.22
Two weeks after President Joe Biden’s State of the Union address, polls show a very close contest between Biden and former President Trump. According to a new survey by YouGov for the Economist, Biden leads by 1 point, while an Ipsos survey for Reuters shows Trump leading by 1 point. The latest poll from Morning Consult indicates a tie between the two candidates. Despite the close race, Biden's job approval numbers have remained unchanged. However, rising wages and falling inflation have started to improve Americans' outlook on the economy, which could potentially impact voter sentiment over the next seven months. Biden's campaign will also focus on winning over the 'double disapprovers' - Americans who dislike both Biden and Trump. Additionally, Biden holds a significant fundraising advan...
#newstr
Biden Administration Eases Vehicle Emissions Rules, Benefits Legacy Automakers
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#f157ac43 ver:0.3
The Biden administration has decided to ease its timeline for all-electric vehicle adoption and give automakers more ways to meet new tailpipe emissions standards. The new Environmental Protection Agency (EPA) rules aim to cut tailpipe emissions by 49% between model years 2027 and 2032, with a target for electric vehicles (EVs) to make up at least 35% of new vehicle sales by 2032. These standards are less ambitious than the proposed rules released last year. Legacy automakers such as GM, Ford, and Stellantis are expected to benefit from the new regulations. Tesla and environmental groups have criticized the standards, while stocks for Detroit automakers and the U.S. hybrid leader closed higher following the announcement. The new standards could help President Biden with key constituencies ...
#newstr #BidenAdministration #VehicleEmissions #LegacyAutomakers #ElectricVehicles #TailpipeEmissions #DetroitAutomakers #CafeStandards #CaliforniaAirResourcesBoard
US Senate Passes $1.2 Trillion Government Spending Package, Averting Shutdown
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#610da256 ver:0.34
The US Senate has passed a $1.2 trillion spending package in a bipartisan vote, sending it to President Joe Biden for his signature. The vote concludes the government funding process for fiscal year 2024, which began on October 1, 2023, making lawmakers six months behind schedule. Both of Iowa's U.S. senators, Chuck Grassley and Joni Ernst, voted in favor of the package. The package includes funding for federal departments and smaller entities, as well as earmarks for community project funding. The Senate rejected amendments proposed by GOP lawmakers. The U.S. House of Representatives had also approved the package. President Biden is expected to sign the bill later on Saturday. The bill funds 70% of the government, including Defense, Homeland Security, Labor, Health and Human Services, Edu...
#newstr #UsSenate #GovernmentSpending #BipartisanVote #PresidentJoeBiden #FiscalYear2024 #IowaSenators #FederalDepartments #CommunityProjectFunding #GopLawmakers #UsHouseOfRepresentatives #GovernmentShutdown #AppropriationsBills
2024: A Year of Unprecedented Elections Around the World
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#10667ceb ver:0.21
Polls have closed in Indonesia's presidential election, which is being hailed as the world's largest single-day election. Over 200 million voters cast their ballots to elect a new president and vice president, as well as parliamentary and local representatives. The election also includes about 20,000 national and provincial lawmakers. The country, which is wider than the United States and spans three time zones, is made up of over 18,000 islands and islets, with 6,000 of them inhabited and over 150 languages spoken across its breadth .
The campaign has been dominated by big personalities in a decisive election that will also select some 20,000 other national and provincial lawmakers. The race is a three-way contest between a former army general, Prabowo Subianto, and two former governors,...
#newstr #Elections #2024 #World #VladimirPutin #NarendraModi #JoeBiden #EuropeanParliament
Atlanta Fed President Raphael Bostic Revises Projection for Interest Rate Cuts Due to Inflation Concerns
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#b4a637a9 ver:0.69
Atlanta Federal Reserve Bank President Raphael Bostic has revised his projection for interest rate cuts this year, now expecting just a single quarter-point cut instead of the previously projected two. Bostic cited persistent inflation and stronger-than-anticipated economic data as reasons for the revision. He expressed less confidence in inflation falling towards the Fed's 2% target and raised concerns about the number of items still recording outsized price increases. Bostic also noted that recent data has shown the economy to be more resilient than anticipated, leading him to roughly double his 2024 U.S. economic growth estimate to 2%. The Fed is widely expected to reduce rates beginning in June. According to Republic World, Bostic's revision is due to concerns about inflation and stron...
#newstr #FederalReserve #InterestRates #Inflation #EconomicGrowth
Virginia and Missouri to Reactivate Critical Minerals Mining Operations
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#8fa08d4a ver:0.14
Petersburg-based company Atlantic Strategic Minerals plans to invest $50 million to restart mining operations in Dinwiddie and Sussex counties in Virginia. The company aims to produce rare earth elements, titanium, and zirconium, which are considered critical minerals by the federal government. The mine, previously owned by IIuka, will operate for approximately six years across an area of 20 to 40 acres and is expected to create 71 jobs. Atlantic Strategic Minerals will rehabilitate their concentrator and separator plant in Sussex County to extract the minerals. Titanium and zirconium are included on the federal list of critical minerals due to their significance in space exploration, renewable energy, defense, and consumer manufacturing. The U.S. Department of Energy ranks titanium as hig...
#newstr #CriticalMinerals #MiningOperations #Virginia #Missouri
Understanding the BRICS Union: Challenges, Potential, and Geopolitical Implications
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#bddbf015 ver:0.32
BRICS, consisting of Brazil, Russia, India, China, and South Africa, is gaining international attention as it currently accounts for one-third of the world's GDP and represents 40% of the global population. The term BRIC was coined in 2002 by British economist Jim O'Neill. However, BRICS still lacks a well-organized organizational structure and political convergence. The New Development Bank, founded in 2014, aimed to compete with the IMF and the World Bank but has not achieved its goals. The BRICS countries can be divided into two groups based on their economic structures: Russia, Brazil, and South Africa rely heavily on raw material exports, while India and China exhibit industrializing tendencies. India and China were less affected by the 2009 crisis and have sustained GDP growth rates ...
#newstr #Brics #Economy #Geopolitics #InternationalCooperation #UsDollar
Young Entrepreneurs Making Waves with Innovative Apps and Startups
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#420637c1 ver:0.12
Appalla Saikiran, a 20-year-old student-entrepreneur from Hyderabad, has founded Scope App, a global networking platform that connects aspiring entrepreneurs and startups with investors, mentors, and collaborators . Saikiran started the company at the age of 17 and has built a network of over 20,000 investors and high-net worth individuals worldwide. Scope App has successfully shortened the fundraising process, closing deals in just 3-4 months instead of the average 6 months. Saikiran draws inspiration from Elon Musk and aims to create a Y-Combinator-like platform to support and recognize India's talented entrepreneurs.
Wilfred Chege, a 24-year-old entrepreneur from Kenya, is the founder and CEO of Shulemall Limited, an app that allows learners to access learning materials directly from p...
#newstr #YoungEntrepreneurs #InnovativeApps #Startups #ScopeApp #ShulemallLimited #Doodhvale #Impactguru #AmanJain
US Federal Reserve Forecasts Higher Interest Rates, Cautious on Inflation
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#4b9dbae3 ver:0.8
The US Federal Reserve's new forecasts and dot plot indicate that 3% will be the new normal for US interest rates. The most likely range will be between 2% and just over 3%, depending on the health of the economy. The dot plot shows that 9 out of 19 officials are now indicating a policy rate above the 4.6% median forecast for 2024 . The Federal Reserve Chair Jerome Powell will continue to seek confirmation that inflation is moving closer to the central bank's 2% target. Powell believes that the risks of easing too much or too soon are two-sided. The Fed intends to cut rates before the end of this year, assuming economic growth continues .
The US Federal Reserve announced its decision to keep the 'fed funds rate' target range unchanged at 5.25% – 5.50% during the Federal Open Market Commit...
#newstr #UsFederalReserve #FomcMeeting #InterestRates #EconomicProjections #Inflation #UsEconomy #Japan
US Senate Passes $1.2 Trillion Government Spending Package, Sending it to President Biden
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#610da256 ver:0.33
The US Senate has passed a $1.2 trillion spending package in a bipartisan vote, sending it to President Joe Biden for his signature. The vote concludes the government funding process for fiscal year 2024, which began on October 1, 2023, making lawmakers six months behind schedule. Both of Iowa's U.S. senators, Chuck Grassley and Joni Ernst, voted in favor of the package. The package includes funding for federal departments and smaller entities, as well as earmarks for community project funding. The Senate rejected amendments proposed by GOP lawmakers. The U.S. House of Representatives had also approved the package. President Biden is expected to sign the bill later on Saturday.
The US Congress has passed a $1.2 trillion spending bill that will keep the federal government funded through ...
#newstr #UsSenate #GovernmentSpending #BipartisanVote #FiscalYear2024 #IowaSenators #JoeBiden
Investing in Dividend Stocks for a Lifetime of Income
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#3f6a6f52 ver:0.07
In the midst of economic uncertainty and the possibility of a recession, the resilience of big tech companies and energy companies is evident. Despite the challenges, companies like Alphabet and Microsoft continue to report strong earnings, surprising investors and analysts alike. ClearBridge Investments recommends defensive stocks such as pharmaceutical and beverage companies, which have proven to be stable investments during uncertain times .
While oil prices have eased due to efforts to contain the Israel-Hamas war, this presents an opportunity for energy companies like Petroleo Brasileiro (PBR) to refill the Strategic Petroleum Reserve at reasonable prices . Despite the decline in crude prices, PBR is considered an attractive investment due to its low valuation and bullish catalysts. ...
#newstr #DividendStocks #RenewableEnergy #NexteraEnergyPartners #BrookfieldRenewable
The Changing Landscape of the Tech Job Market and the Rise of Construction Jobs in Canada
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#41d430e1 ver:0.04
The tech job market is experiencing shifts in preferences and job offerings . Young job seekers are no longer attracted to tech giants like Google and Microsoft, as they seek companies that provide meaningful projects, socially responsible work environments, remote work options, and flexible time off . On the other hand, the consulting sector has seen an increase in job offers, while tech companies have cut jobs . White-collar workers are facing challenges in finding jobs with better pay or perks, and unemployment rates have been on the rise for people with bachelor's degrees . However, there is hope for the architectural job market, as it is expected to grow by 5% by 2032, offering new opportunities for professionals in the field . In the IT sector, job openings in the Triangle have incre...
#newstr #TechJobMarket #ConstructionJobs #GovernmentJobs #DataScienceCareers #India
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The Impact of REITs on the Real Estate Sector in India: A Comprehensive Guide
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#faa95616 ver:0.11
India's Real Estate Investment Trust (REIT) space has seen significant growth since the Securities and Exchange Board of India (SEBI) approved it in 2014. REITs have played a crucial role in unlocking institutional, corporate, and individual investor wealth to fund the operations and management of corporate real estate. The entry of international financial institutions, such as Blackstone, Brookfield, and GIC, has further boosted the profile of REITs in India. These firms have made substantial investments in Indian REITs, including Embassy REITs, Candor, Powai, and DLF. The presence of REITs has democratized investor participation, allowing even small investors to enter the real estate market and bringing free cash flow into an otherwise illiquid sector.
While REITs have been successful ...
#newstr #RealEstate #Reits #Investment #PubliclyListed #PrivateRealEstate #RisktohassleadjustedReturns #EconomiesOfScale #Debt #Valuation #Discount #CashFlow #Growth #PrivateEquity