13-12-2024 CANBERRA/ SYDNEY: Australia’s centre-left government on Thursday will unveil new rules that could impose fines on Big Tech companies if they refuse to continue to pay Australian media firms for news content hosted on their platforms, local media reported. Under the proposed new rules, any internet company that refuses …
Read More »India’s Rupee slips to record low pressured by NDF dollar bids
13-12-2024 Bureau Report + Agencies NEW DELHI/ MUMBAI: The Indian rupee weakened to its all-time low on Wednesday, pressured by heightened dollar bids in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India (RBI) helped limit losses, traders said. The rupee fell to 84.86 in …
Read More »Trump considers ex-intelligence chief Grenell for Iran position
13-12-2024 WASHINGTON: President-elect Donald Trump is now considering tapping Richard Grenell, his former intelligence chief, to be a special envoy for Iran, according to two people familiar with the transition plans. “He’s definitely in the running,” said a person familiar with transition deliberations, who asked not to be identified. No …
Read More »UN General Assembly demands ‘immediate’ ceasefire in Gaza
13-12-2024 UNITED NATIONS: The United Nations General Assembly has voted overwhelmingly to demand an immediate ceasefire in the Gaza Strip and expressed support for the work of the UN’s agency for Palestinian refugees (UNRWA). The assembly on Wednesday passed a resolution demanding an immediate, unconditional and permanent ceasefire in Gaza, …
Read More »FBI Head to step down for controversial Trump pick Patel
13-12-2024 WASHINGTON: The director of the Federal Bureau of Investigations (FBI), Christopher Wray, will resign from his position before the second term of United States President-elect Donald Trump, according to the agency. In a statement to staff released by the agency on Wednesday, Wray cited a desire to keep the …
Read More »Syrian refugees in Europe fear being forced home
12-12-2024 ATHENS/ BERLIN: Najem al-Moussa was delighted when news of Syrian President Bashar al-Assad’s overthrow first beamed from the television in his tiny Athens apartment. Then came a dreaded thought: what if Assad’s fall meant he and his family would be forced to return to the devastated country they had …
Read More »China considers a weaker yuan as Trump trade risks loom
12-12-2024 BEIJING: China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as Donald Trump returns to the White House. The contemplated move reflects China’s recognition that it needs bigger economic stimulus to combat Trump’s threats of punitive …
Read More »Kremlin plays down blow to Russia from Assad’s fall
12-12-2024 MOSCOW: The Kremlin on Wednesday played down the damage to Russian influence in the Middle East from the fall of Syrian ally Bashar al-Assad, saying that its focus was on Ukraine and that Moscow was in contact with Syria’s new rulers. When Russia intervened in the Syrian Civil War …
Read More »Hundreds mostly civilians, killed in Sudan bombardments
12-12-2024 KHARTOUM: Approximately 227 people, mostly civilians, were killed in Sudan on Monday and Tuesday by barrel bombs and shelling from the warring sides, rights activists said. The 20-month-old war between the army and the paramilitary Rapid Support Forces (RSF) has been turning increasingly bloody as ceasefire efforts have stalled, …
Read More »Indian shares muted ahead of domestic, US inflation data
12-12-2024 Bureau Report NEW DELHI: Indian shares were little changed on Wednesday, as investors awaited key U.S and domestic inflation data for cues into the rate trajectories of the two countries. The NSE Nifty 50, opens new tab added 0.13% to 24,641.8, while the BSE Sensex, opens new tab rose …
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