Gold Prices in India Remain Stable, Delhi Sees a Slight Decrease
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#14566990 ver:0.42
Gold prices in India have remained steady, while silver prices have seen a slight decrease. In Delhi, the price of 10 grams of 24-carat gold is Rs. 63,100.0, while 1 kilogram of silver is priced at Rs. 76,546.0. The price change in 24-carat gold in the last week is -2.22%, and in the last month, it is -2.74%. Gold April 2024 MCX futures are trading at Rs. 62,001.0 per 10 grams, up by 0.346%, and silver May 2024 MCX futures are trading at Rs. 76,737.0 per kilogram, up by 1.378%. The stability in gold prices can be attributed to the increase in safe-haven appeal due to geopolitical tensions. Market participants are exercising caution ahead of US economic data releases. Traders and investors are closely monitoring the market to take advantage of potential opportunities in this volatile period...
#newstr #Gold #Silver #India #Mumbai #Delhi #Bullion
Putin's Re-election and the Challenges of a Multipolar World
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#4d7025fb ver:0.21
Vladimir Putin has won his fifth term as President of Russia despite cyber-attacks on the country's electronic voting platform. Leaders from multiple countries in the Global South have welcomed his reelection, while the Western bloc has been largely silent. The war in Ukraine has had significant costs for both the West and Russia, particularly for the EU, which has faced economic consequences due to sanctions on Russia. The decline in US support for Ukraine has also raised questions about the US's commitment to the conflict. Putin's defiance of Western elements, including economic sanctions and military aid to Ukraine, has eroded the legitimacy of the West's ideological supremacy and demonstrated that sanctions can be mitigated. The Ukraine war marks a transition from a unipolar to a multi...
#newstr #Putin #Reelection #GlobalSouth #UkraineConflict #WesternBloc #Sanctions #MultipolarWorldOrder #IslamicState #Terrorism #Russia
UK House Prices Offer Worst Value for Money Among Advanced Economies
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#0eb63812 ver:0.23
House prices in the UK continue to rise, with the average cost of a home reaching £291,029 ($366,792), according to the latest data from Halifax . This represents a 2.5% annual increase, the highest growth rate since January 2023 . The average price of a UK home rose by £3,900 ($4,911) from the previous month . However, house prices in South East England are still facing downward pressure . On the other hand, Northern Ireland, Scotland, and Wales reported the strongest growth in house prices .
According to data from the UK's Royal Institution of Chartered Surveyors (RICS), new buyer enquiries for house prices in the UK reached their strongest point in almost two years . The measure of house prices rose to -18%, its highest level since October 2022, surpassing the expected -25% and an impr...
#newstr #UkHousePrices #HousingCosts #HousingCrisis
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/df057044-7a3e-4513-3917-f9093dc7f400/screenshot
Generative AI Shows Enormous Potential in Cybersecurity, Study Finds
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#518da6fd ver:0.37
A recent study conducted by researchers at Charles Darwin University (CDU) and Christ Academy Institute for Advanced Studies has highlighted the significant potential of generative artificial intelligence (GenAI) tools in combating cybercrime. The study specifically focused on the use of GenAI in penetration testing (pentesting), a security test that identifies vulnerabilities in a cybersecurity system.
The researchers utilized ChatGPT, a GenAI tool, to perform various pentesting activities such as reconnaissance, scanning, vulnerability assessments, exploitation, and reporting. They found that ChatGPT was particularly effective in gathering information, performing detailed scans, identifying vulnerabilities, and exploiting them. This demonstrates the potential for GenAI to be a crucial a...
#newstr #GenerativeAi #Cybersecurity #PenetrationTesting #Chatgpt #CharlesDarwinUniversity #ChristAcademyInstituteForAdvancedStudies
India's GDP (PPP) Gains Outpace Germany and Britain: Report
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#820763b7 ver:0.27
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 rat...
#newstr #India #Gdp #Ppp #Germany #Britain
Germany's Economic Model Faces Crisis as Manufacturing Output Declines and Competitiveness Erodes
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#0c9f8123 ver:0.1
Germany's reign as an economic powerhouse is under threat as its economic model faces a crisis. The country is grappling with declining manufacturing output, eroding competitiveness, and a range of domestic challenges. The cessation of cheap Russian natural gas has exacerbated an energy crisis, leading to increased production costs and a decline in the global competitiveness of German products. The loss of cheap gas due to the war in Ukraine has had a significant impact on German manufacturers, leading to a decline in industrial output since 2017 . The US is drifting away from Europe and is seeking to compete with its transatlantic allies for climate investment. China is becoming a bigger rival and is no longer an insatiable buyer of German goods. Political paralysis in Berlin is intensify...
#newstr #Germany #Manufacturing #Competitiveness #EnergyCosts #Infrastructure #Workforce #RedTape #EducationSystem #SolarPanelIndustry #China
Big hotel chains and unbranded-hotel owners find they need each other
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#4caae316 ver:0.22
IHG Hotels & Resorts is highlighting its leadership in the midscale segment at the HUNTER Hotel Investment Conference. The company had over 150 openings and 300 signings for its midscale brands in 2023. The midscale segment is projected to grow from $14 billion to $18 billion in revenue by 2030 in the U.S. alone. IHG's midscale portfolio includes six brands and over 4,400 open or in pipeline hotels in the Americas. Jolyon Bulley, CEO - Americas, IHG Hotels & Resorts, emphasizes the growth and evolution of their brands based on guest and owner feedback. IHG's midscale brands focus on high-quality experiences at affordable prices, guest preferences, smart designs, and clear brand identities. IHG's midscale brands include Holiday Inn, Holiday Inn Express, Candlewood Suites, Atwell Suites, avi...
#newstr #IhgHotels&Resorts #MidscaleSegment #HotelIndustry #FranchiseAgreements #HighinterestRates #Conversions #IndependentHotels #BigChains
Private Equity Deals in Asia Face Worst Q1 Since 2015
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#66414cca ver:0.18
The private equity industry had a challenging year in 2023, with weak deal activity and a decline in exits and fundraising. Rapidly rising interest rates led to sharp declines in dealmaking, exits, and fundraising . The exit conundrum has emerged as the most pressing problem, as LPs starved for distributions pull back new allocations from all but the largest, most reliable funds . The long-term outlook remains sound, but breaking the logjam will require more robust approaches to value creation and rapid innovation in liquidity solutions . Deal value and deal count have fallen 60% and 35%, respectively, from their peaks in 2021. Exit value is down 66%, and the number of funds closing is off by nearly 55% . Investments, exits, and the number of buyout funds closed all continued to slide in 2...
#newstr #PrivateEquity #Asia #MergersAndAcquisitions #EconomicSlowdown #GeopoliticalTensions
GBP/USD Consolidates Below 1.2800 Ahead of Bank of England Policy Announcement
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#ceb5d66c ver:0.38
The GBP/USD currency pair is currently consolidating below the key resistance level of 1.2800 as traders await the Bank of England's (BoE) policy announcements. The pair reversed its direction after dipping below 1.2700 on Wednesday and closed the day higher, supported by the broad-based selling pressure on the US dollar. The BoE is widely expected to leave the policy rate unchanged at 5.25%. In contrast, the US Federal Reserve announced that it would maintain its policy rate steady at 5.25%-5.5%. The Fed's revised Summary of Economic Projections showed that policymakers were still forecasting a 75 basis point reduction in the policy rate in 2024. GBP/USD technical analysis indicates that 1.2800 is a key resistance level, with support at 1.2765 and 1.2750. Traders will closely monitor any ...
#newstr #Gbp/usd #BankOfEngland #FederalReserve #UkRetailSales #Gdp
US Stocks Have Strong Week, Dip on Friday
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#8afcba45 ver:0.42
US stocks ended a strong week with a dip on Friday, but still had one of the strongest weeks of the year. The Dow Jones Industrial Average fell 306 points, or 0.7%, on Friday. The blue-chip index had its best week since December, with all three major indexes finishing at record highs on Wednesday and Thursday. The S&P 500 fell 0.1% on Friday and the Nasdaq was 0.2% higher. The S&P 500 rose 2.3% for the week, the Dow was up about 2%, and the Nasdaq gained 2.9%. Lululemon shares slid nearly 15.8% after weak forward guidance, while Nike shares dropped 6.9% after reporting slowing sales in China. Reddit shares were down about 8.5% after a strong debut on the NYSE. Apple shares were relatively unaffected by a Department of Justice antitrust suit. Shareholders of Digital World Acquisition Corp. ...
#newstr #UsStocks #DowJones #RecordHighs #CorporateEarnings #EconomicRecovery
Xiaomi and BYD Enter the Electric Vehicle Market in China
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#7695314f ver:0.08
Xiaomi Corp. shares rose 7.5% in Hong Kong after announcing it will start selling its electric vehicles (EVs) on March 28. The Beijing-based electronics giant will make its SU7 series available for purchase in 29 cities. Xiaomi is entering the red-hot EV market in China, competing with Tesla Inc. and BYD Co. Ltd. The company's co-founder, Lei Jun, has called the EV endeavor his final entrepreneurial bet.
Xiaomi, the Chinese tech giant, has officially unveiled its first electric car, the SU7. However, the prices of the car have caused controversy even before its official release. Xiaomi, known for its affordable products, has made a significant investment in entering the electric car market. The SU7 boasts impressive features and is positioned to compete with models from Porsche and Tesla....
#newstr #Xiaomi #Byd #ElectricVehicle #China
China Vows to Treat Foreign Firms Equally and Safeguard National Treatment Amid Industrial Upgrade Push
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#ad173a9b ver:0.08
Chinese Vice Commerce Minister Guo Tingting announced at the China Development Forum in Beijing that China will fully guarantee national treatment for foreign companies. This pledge is part of China's efforts to attract more foreign investment and address concerns of unequal access for Western firms. Inbound foreign direct investment in China contracted 8% last year, prompting the government to step up its efforts to open up high-level areas of industry and finance. China aims to upgrade its manufacturing supply chains through innovation and the expertise of foreign companies. As part of this push, China will fully lift restrictions on foreign investment access to its manufacturing sector and deepen cooperation with firms from all countries. Over 100 overseas executives and investors atten...
#newstr #China #ForeignFirms #Investment #IndustrialUpgrade #EqualTreatment
Indian Personalities Shaping Global Dynamics: Rishi Sunak, Satya Nadella, Nihal Ruparel, and More
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#1a78ecbc ver:0.2
Indian personalities are making significant contributions to global dynamics across various fields. Indian corporations are expanding internationally, and individuals of Indian origin hold leadership roles in 15 countries. Kamala Harris, Harmeet Dhaliwal, and Shanthi Sethi are prominent Indian Americans who have made their mark. Rishi Sunak is a well-known Indian leader in the UK, while Chandrika Prasad Chand Santokhi serves as the President of Suriname. Christine Carla Kangaloo holds the position of President in Trinidad and Tobago, and Irfaan Ali is the first Indian-origin President of Guyana. Pravind Jugnauth serves as the Prime Minister of Mauritius, and Ajay Banga is the President of the World Bank. Geeta Gopinath has become the first Deputy Managing Director of the IMF, while Sanjiv ...
#newstr #BiharDiwas #Diaspora #Honour #NewYork #Indianamerican #Bihar
Apple in Talks with Baidu and Google for AI Integration in China, Shares Surge
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#49c77bd6 ver:0.38
Apple is reportedly in talks with Baidu Inc. and Google for potential partnerships to integrate their respective AI technologies into Apple devices in China. The collaboration with Baidu is driven by regulatory requirements in China, which necessitate the vetting of all AI models by local authorities. Baidu, known as China's search engine titan, has emerged as a frontrunner in the AI domain. The potential partnership with Baidu is part of Apple's comprehensive approach to integrating AI technology, which may also involve a partnership with Google. Apple's CEO, Tim Cook, has indicated a substantial investment in AI, hinting at product advancements that will be unveiled later this year. Apple is also developing on-device AI capabilities for enhanced privacy and efficiency. A new version of S...
#newstr #Apple #Baidu #Google #Ai #China
Japan Aims to Transform Tokyo into a Major Financial Hub, Attracting Global Interest
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#c0b3be2f ver:0.07
Japan is attracting more interest from foreign asset managers as the government aims to transform Tokyo into a major financial hub . The commitment to change Japan's image is supported by Prime Minister Fumio Kishida and his administration. Tokyo currently ranks 19th in the Global Financial Centres Index, behind Singapore and Hong Kong. However, the country is accelerating efforts to remove language barriers and enhance its appeal. Confidence is growing that Japan's economy is exiting decades of price declines and subdued growth. The Bank of Japan recently ended negative interest rates, and the government has pledged to promote corporate governance reforms and investing by households. The Financial Services Agency is not currently considering regulatory changes for payment services and is ...
#newstr #Japan #FinancialHub #AssetManagers #Tokyo #Government #Economy #BankOfJapan #CorporateGovernance #PaymentServices #Cryptocurrencies
The Impact of Climate-Driven Risk Reassessments on the US Housing Market
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#1e22b6bd ver:0.11
Health insurance premium rates are on the rise due to healthcare cost inflation. According to a report by Fitch Ratings, US health insurers are increasing their premium rates to keep up with the rising costs of healthcare. This trend is driven by factors such as increasing medical expenses, higher drug prices, and the growing demand for healthcare services. As a result, individuals and businesses are facing higher premiums, making healthcare coverage more expensive. The rising premium rates pose challenges for both insurers and policyholders, as they need to find a balance between affordability and providing comprehensive coverage.
Car insurance rates are also expected to continue increasing in 2024. Factors such as costlier repairs, higher labor costs, low inventories of vehicles, and in...
#newstr #Insurance #ClimateChange #RiskManagement #HousingMarket
Hong Kong Stocks Rise Led by Meituan and Baidu
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#133aea61 ver:0.53
Hong Kong stocks began Monday's trading session slightly higher as traders prepared for the release of key US data later in the week. The Hang Seng Index added 0.20 percent, or 32.48 points, to reach 16,531.95 at the opening. Meanwhile, the Shanghai Composite Index dipped 0.25 percent, or 7.53 points, to 3,040.50, and the Shenzhen Composite Index fell 0.30 percent, or 5.40 points, to 1,776.89.
In the morning session, the Hong Kong stock market continued to advance. The Hang Seng Index rose 79 points or 0.5% to 16,578 at the half-day mark. The Hang Seng China Enterprises Index (HSCEI) increased 40 points or 0.7% to 5,798, while the Hang Seng Tech Index (HSTECH) elevated 9 points or 0.3% to 3,465. The turnover for the half-day totaled $61.975 billion.
Meituan-W (03690.HK) saw a significant...
#newstr #HongKong #Stocks #Meituan #Baidu
The Challenges of Industrialization for Economic Development
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#8eebed66 ver:0.15
Globalization is not dead, but it is fading, as highlighted in an analysis by The Guardian . The global economy is deeply fractured, with risks of turning out badly in 2024. However, a new paradigm called glocalization is emerging, which involves shorter supply chains, an emphasis on domestic manufacturing capacity, and a more strategic role for government. The shift towards onshoring previously outsourced production has been accelerated by recent events. Industrial policy, including a green growth plan, is no longer a dirty word. There is interest in Labour's plans to boost the supply side of the UK, and Nick Stern believes there is a potential sweet spot where demands for stronger growth and the fight against global heating intersect. AI can act as an accelerator to help developing count...
#newstr #Industrialisation #EconomicDevelopment #Megatrends #Manufacturing #DigitalAutomation #Globalisation #EcologicalBreakdown #PowerAsymmetries #TransnationalCorporations #IndustrialPolicy
ISANDISOFX.COM Launches 24-Hour Intelligent AI Butler for Forex Traders
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#47a8ebcc ver:0.27
Schroders, a London-based asset management company, has ramped up its focus on artificial intelligence (AI) and identified 80 different AI projects across its business. CEO Peter Harrison revealed that approximately 25% of staff were 'very regularly' using Schroders' in-house AI tool, known as Genie. The company aims to leverage AI for more than just cost-saving benefits. This move reflects the growing importance of AI in the financial industry and highlights Schroders' commitment to harnessing the potential of AI technology. The company's increased focus on AI is expected to drive innovation and enhance its ability to meet the evolving needs of its clients .
In a similar vein, Lion Group Holding Ltd., based in Hong Kong, is preparing to launch a new AI-driven multi-currency trading accou...
#newstr #Schroders #LionGroup #BifinAi #Isandisofxcom #AiButler #ForexTrading #ArtificialIntelligence