Japan’s Bank Raises Interest Rates to 0.25% to Strengthen Yen and Combat Inflation
Japan’s central bank raised interest rates to 0.25% for the second time since 2007. They are aiming to strengthen the yen and ease consumer costs. BOJ addresses inflation and economic challenges by this move.
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Looking to fund your Start up – Explore Various Types of Funding Options Available to Start ups!
This article explores various types of start-up capital. From pre-seed to Series D+ funding and non-series options like venture capital, incubators and small business loans, all the major funding options are covered here. It provides examples of Indian companies and practical insights for entrepreneurs seeking funding.
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OpenAI’s New Project ‘Strawberry’: Advancing AI Reasoning and Autonomous Research Capability
OpenAI is developing 'Strawberry' to enhance AI's reasoning abilities. They will enable it to tackle complex tasks and conduct autonomous internet research. This breakthrough could redefine AI's role in various industries.
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Partior Secures $60 Million in Series B Funding to Expand Blockchain-Based Clearing and Settlement Network
Partior, a blockchain-based clearing and settlement network has secured funding led by Peak XV Partners. The investment will be used to expand Partior's international network, integrate additional currencies, and develop new capabilities such as intraday FX swaps and cross-currency repos.
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Gold Prices May Drop to INR 70,000 Soon: Long-Term Outlook Positive, Says Augmont Expert Sachin Kothari
Sachin Kothari of Augmont predicts that gold prices may stabilize or decline to INR 70,000 in the near term. He expects new highs by late 2024. He advises to keep a balanced portfolio by investing in gold, silver and various forms of gold assets.
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Kotak Mahindra Bank Pulled in Adani-Hindenburg Controversy: Check the Saga of Accusations & Clarifications
On July 2, 2024, Kotak Mahindra Bank was embroiled in a controversy involving Hindenburg Research and the Adani Group. It was accused of aiding in shorting Adani stocks. Kotak Mahindra Bank learned of the connection only through SEBI's notice and denies any direct involvement.
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Mauritius, once India’s largest foreign investor, now faces economic uncertainties
Mauritius is again at the crossroads of economic decision; the country’s off-shore business seems to be unreliable now as the OECD (the Organisation for Economic Cooperation and Development) cracks down on its double taxation agreements.
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Korea-US-Japan Business Dialogue in Washington: To Achieve Better Economic Cooperation
Korea, United States and Japanese business communities have initiated a formal trilateral discussion for cooperation in the sectors of AI, clean energy, semiconductor supply chains and export controls.
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Tata Steel, UK Workers Announce First Strike In 40 Years: Job Cuts, Overtime And Know What More
From July 8, 2024, 1,500 Tata Steel workers in Wales will strike indefinitely. This strike will be for the job cuts and blast furnace closures. Unite the Union supports the strike. Tata Steel plans a GBP 1.25-billion investment in eco-friendly technology.
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Xerox Partners with TCS for Cloud and AI Transformation: Check what happens next
Xerox partners with TCS to revolutionize IT through transforming cloud and AI. They aim to streamline operations and client experiences. TCS will migrate legacy systems to Azure. It will implement digital ERP and integrate generative AI. This marks a strategic step into digital transformation.
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![G7 moves forward with the India-Middle East-Europe Economic Corridor [IMEC]](https://globalmoneytimes.com/wp-content/uploads/2024/06/IMEC-Corridor-300x169.webp)
G7 moves forward with the India-Middle East-Europe Economic Corridor [IMEC]
G7 provides a stamp of approval over the India-Middle East-Europe Economic Corridor [IMEC] proposal initiated by India in the recently held G20 summit. IMEC is being seen as big economic win for India to China's BELT Road Initiative
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Trump or Biden : Economy, Jobs, Inflations, Tax! Lets understand who stands where
In the 2024 US election, voters prioritize the economy. The concerns are over inflation and high prices. President Biden highlights low unemployment and high growth. Whereas, former President Trump emphasizes on past inflation control, proposing tariffs and cutting the prices and taxes.
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PM Modi in Italy: Check Out the World Leaders he met at the G7 Summit
On June 14, 2024, PM Modi had productive meetings with world leaders at the G7 Summit. They discussed various global issues and strengthened India's bilateral relations with Germany, Japan, Italy, Canada, the USA, Jordan, France, the UK, Brazil, Turkey and the UAE.
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Rising Costs and Weak Demand Threaten European Firms: BCG Report Highlights Vulnerability
Rising costs and weak demand threaten 1 in 5 European firms, with Germany and Austria most vulnerable (BCG report). Real estate, tech, and retail struggle as interest rates climb and competition intensifies. Debt extensions offer temporary relief, but restructuring remains likely
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Inflation drops to a 3-year low in Canada; cut in BOC interest rates likely
The inflation rate in Canada has dropped to a three-year low at 2.7 %. It indicates that interest rate cuts will be made by the Bank of Canada in June. It could impact economic strategies worldwide.
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France Accelerating Startup funding, Plans to revive European Capital Market union
France wants to integrate the fragmented EU markets to boost the venture capital market in the EU. This and other important points were discussed at the VivaTech Fair for startup held in Paris last week
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More companies to pour FDI to India, China recedes: UN Report
Mr Hamid Rashid, Chief of UN DESA, discussed India’s FDI position while addressing reporters on the mid-year update of the World Economic Situation and Prospects 2024.
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Housing emergency in Scotland: Strong leadership required to tackle it
The chief executive, Ms Jane Wood, will address the guests, including the Scotland Housing Minister, Mr Paul Mclennen, that “the government must move forward together with the housebuilding industry to deliver ‘clear actions’
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Blackstone Snags Hipgnosis in USD 1.57 Billion Music Rights Deal
Following the news of the acquisition interest, the share price of Hipgnosis soared 2.7%, reaching an all-time high of GBP 1.06 in early trading. Hipgnosis Chairman Robert Naylor expressed satisfaction at the increased premium offered by Blackstone.
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Tata Steel UK Announces Closure of Blast Furnaces in Transition to Greener Steelmaking
Tata Steel intends to place the order for the electric arc furnace equipment in September and begin site preparation work in December this year. Construction of the project is scheduled to begin in August 2025
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Dollar Regains, Euro and Sterling Dip, Yen closed for 155 per Dollar
While the Dollar regained momentum, it approached a new 34-year high against the yen at 154.98. Japanese officials, concerned about excessive yen depreciation, issued warnings..
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Elon Musk Confirms Visit to India, Excited to Meet Prime Minister Modi
Elon Musk has now confirmed his India Visit on his self-owned Social Media Platform X, Musk has expressed his eagerness to meet Prime Minister Narendra Modi
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Sun Pharma’s Dadra Facility Classified as Official Action Indicated by USFDA
Inspection of Dadra Facility by USFDA was initiated on 4th December 2023 and concluded on 15th December 2023. Following the news, Sun Pharma’s shares went down by 3% on the BSE
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Elon Musk Set to Release xAI’s Chatbot Grok-1.5 to Public Next Week
Earlier this month, Musk filed a lawsuit against OpenAI, the organization he co-founded in 2015 but later left in 2018 along with its CEO Sam Altman
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Facebook News Tab to Be Discontinued as Meta Shifts Focus Away from News and Politics
Meta had already shut down this feature in the UK, France, and Germany last year. With the imminent closure of Facebook News, users in the US and Australia will no longer have access to this dedicated News tab
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