India increases spending in latest budget before election

India increases spending in latest budget before election

NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more

Breakingviews: Gautam Adani’s next hurdles may be tougher to clear

Breakingviews: Gautam Adani’s next hurdles may be tougher to clear

HONG KONG, Feb 1 (Reuters Breakingviews) – It helps to have friendly investors and wealthy families on hand when finalizing a tricky stock sale. These groups dragged Gautam Adani’s $2.4 billion capital call to the finish line on Tuesday, despite a sell-off sparked by Hindenburg Research’s short attack on the eponymous infrastructure conglomerate. The feat … Read more

Suspects arrested in Pakistan mosque blast, police focus on how suicide bomber got in

Suspects arrested in Pakistan mosque blast, police focus on how suicide bomber got in

PESHAWAR, Pakistan, Feb 1 (Reuters) – Police investigating a suicide bombing that killed more than 100 people at a Pakistani mosque said on Tuesday that several people had been arrested and they could not rule out the possibility that the perpetrator of the attack received assistance from internal security checks. The bombing was the deadliest … Read more

Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

Gautam Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more

‘Hands off Africa,’ Pope Francis tells the rich world

‘Hands off Africa,’ Pope Francis tells the rich world

Pope begins trip to DR Congo and South Sudan Fran├žois meets the victims of the war in the Congo Trip postponed from July due to Pope’s knee disease KINSHASA, Jan 31 (Reuters) – Pope Francis denounced the “poison of greed” driving conflict in Africa as he began a visit to the Democratic Republic of Congo … Read more

Russia continues its Donetsk campaign; Ukraine wants fighter jets

Russia continues its Donetsk campaign;  Ukraine wants fighter jets

The city of Bakhmut comes under new fire – The Ukrainian army Zelenskiy talks to senior defense officials US prepares $2.2 billion arms package for Ukraine KYIV, Feb 1 (Reuters) – Russian forces are gradually gaining ground in eastern Ukraine’s Donetsk province, focusing on the town of Bakhmut, north of the regional capital. After finally … Read more

US stops granting export licenses to Chinese Huawei – sources

US stops granting export licenses to Chinese Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses allowing U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions on items for 5G and other technologies for several years, but U.S. Commerce Department officials have granted licenses to some … Read more

Turkey’s push into Iraq risks aggravating the conflict

Turkey’s push into Iraq risks aggravating the conflict

SARARO, Iraq, Jan 31 (Reuters) – Overlooking the deserted village of Sararo in northern Iraq, three Turkish military outposts shatter the skyline, part of an incursion that has forced residents to flee the year after days of shelling. The outposts are just some of dozens of new military bases Turkey has established on Iraqi soil … Read more

Scholz’s bid to rally Ukraine’s support in South America falls flat

Scholz’s bid to rally Ukraine’s support in South America falls flat

SANTIAGO/BRASILIA, Jan 30 (Reuters) – German Chancellor Olaf Scholz’s attempt this week to rally support for Ukraine in the face of a Russian invasion on his first South American tour has fallen flat, Brazilian President Luiz Inacio Lula da Silva reiterating his view of both sides shared blame. Scholz sought to project unity on Ukraine … Read more

Crucial sale of Adani shares 85% subscribed as institutions inject funds

Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) … Read more