The Indian arm of Swiss financial services conglomerate Credit Suisse Group has received an in-principle nod from the country’s central bank, the Reserve Bank of India (RBI), to launch banking services here. The multinational company (MNC), which has been operating in India with a focus on wealth management and investment banking, is likely to get…
German carmaker Audi is this month scheduled to announce plans to begin producing electric vehicles in Mexico, according to three people with knowledge of the matter, joining other major carmakers in ramping up EV output in Mexico. Audi, a unit of Volkswagen (VOWG_p.DE), has since 2016 made the Audi Q5, a compact SUV, in the central Mexican state…
An Ottawa man is facing terrorism-related charges in Canada after being accused of facilitating propaganda videos for the neo-Nazi group Atomwaffen Division to help recruit new members, the Royal Mounted Canadian Police (RCMP) said on Wednesday. The case involving Patrick Gordon Macdonald, 26, represents the first time in Canadian history that a person advocating a…
Pentagon to tighten controls on classified information after leak. A mockup representation of classified U.S. military documents and a keyboard are seen in this illustration taken. The Pentagon announced on Wednesday plans to tighten controls on top secret information following an alleged leak incident that saw an airman arrested in April and later indicted on…
Civil society groups on Tuesday decried Burundi’s decision to walk out of a review of its human rights record and voiced concerns about a perceived slide in countries’ cooperation with U.N. bodies. States’ compliance with legally-binding human rights treaties that guarantee important freedoms are reviewed regularly by the United Nations. But in a rare move,…
South Africa’s inflation is expected to decline to within the central bank’s target range of 3% to 6% by the third quarter, which would be sooner than previously forecasted, governor Lesetja Kganyago said on Tuesday. At its last meeting in May, the SARB monetary policy committee surprised the market by implementing a 50 basis point increase…
British retailer Marks & Spencer’s (MKS.L) food business has made “a good start” to its 2023-24 financial year, the group’s boss told investors on Tuesday. Chief Executive Stuart Machin said M&S took a 130 basis points hit to its food margin in the year ended April 1as it decided not to pass on to customers the full impact…
The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policy makers grapple to get the upper hand in their battle against inflation. Seven of the nine central banks overseeing the 10 most heavily traded currencies that met in June…
Three civil rights groups filed a complaint against Harvard on Monday, claiming its preferential policy for undergraduate applicants with family ties to the elite school overwhelmingly benefits white students, days after the U.S. Supreme Court struck down its race-conscious admissions policies. The groups filed a complaint with the U.S. Department of Education claiming that Harvard’s preferences for…
In state after state, conservative lawmakers this year have banned medical procedures for transgender youth. Now, a growing number of federal judges are blocking those laws from taking effect. U.S. district court judges have halted such laws in six states – Alabama, Arkansas, Florida, Indiana, Kentucky and Tennessee – finding that they infringe on the constitutional guarantee…
