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Honda considers $14 billion plan for EV production plant in Canada: Report

Canada's industry minister's office said that reports about Honda looking to make a significant investment in Canada speaks to the quality of the country's workforce and the strength of its industry

Russia plans to produce over 32,000 drones each year by 2030: Report

Drones have been widely used by Moscow and Kyiv since Russia's February 2022 invasion of Ukraine and both sides are sharply increasing military production as the war drags on

VinFast to set up its first EV manufacturing unit worth $500 mn in India

Construction on the project's EV and battery manufacturing plants is expected to start this year and generate 3,000 to 3,500 jobs locally, the statement said

Government orders new drug-making standards after overseas deaths

The health ministry said in August that inspections of 162 drug factories since December 2022 found an 'absence of testing of incoming raw materials'

War, weather put global ocean shippers on notice for rough seas in 2024

Maersk on Friday joined other major ocean carriers in rerouting ships away from the Red Sea to avoid missile and drone attacks in an area that leads to the vital Asia-Europe Suez Canal shortcut

Dollar flat after mixed US data, on pace for best weekly gain since July

For the week, the dollar gained 1.1%, on pace for its best weekly rise since mid-July

Oil prices rise as Blinken begins week-long sweep through the Middle East

Shipping giant Maersk said it will divert all vessels away from the Red Sea for the foreseeable future, warning customers of disruptions

Azerbaijan minister, state oil company veteran to lead COP29 climate talks

The country has an estimated 2.5 trillion cubic metres of natural gas reserves, according to the 2021 BP Statistical Review of World Energy, and it aims to double its gas exports to Europe by 2027

Marico says Q3 revenue falls in low single digits on weaker rural demand

Marico, which operates in Bangladesh, Vietnam, the Middle East and Africa, also cited significant currency depreciation in select overseas geographies as the key factors behind the drop in revenue

Iraq prepares to close down US-led coalition's mission, says report

Sudani's statement came a day after a US strike killed a militia leader in Baghdad, prompting anger among Iran-aligned groups which demanded the government end the presence of the coalition in Iraq

US offers up to $10 million for information on five Hamas financiers

The first financier, Hamza, was involved in the transfer of almost $20 mn to Hamas

US Secy of State Antony Blinken back in West Asia amid escalating tensions

Israel to launch more targeted assault on Hamas; Maersk warns of disruption

Titan posts strong revenue growth in jewellery segment in third quarter

Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec 31 as it saw double-digit growth in its jewellery business

US job growth surpass expectations in December; wages rise solidly

Average hourly earnings rose 0.4% in December after gaining 0.4% in the prior month. That raised the year-on-year increase in wages to 4.1% from 4.0% in November

Gold prices slip after pressure from stronger US dollar, treasury yields

Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40

UN's world food price index ends 2023 around 10% below 2022 levels

The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5% from November

DefMin providing security escort for container ships around Red Sea

Tankers have been avoiding the Red Sea after the Houthi militant group stepped up maritime attacks against commercial vessels

Investors kick off 2024 with $123 billion record cash shift, says BofA

Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in

Govt's disinvestment target in FY25 could be its lowest in nine years

The Modi government has met its privatisation and divestment target only twice in the last decade, even though its track record outstrips that of previous administrations

Global stocks set to snap 9-week winning streak on interest rate rethink

Europe's Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell