In a significant move at the G20 leaders’ summit in Delhi, Indian Prime Minister Narendra Modi announced the admission of the African Union (AU) as a full permanent member of the Group of 20. This decision marks a pivotal moment in India’s G20 presidency, as it emphasizes the country’s commitment to inclusivity and elevating the
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Background Renowned director Simon West, known for his work on blockbuster hits like Con Air, Lara Croft: Tomb Raider, and The Expendables 2, has announced his newest venture: a historical epic titled Antara. The film aims to bring to life the extraordinary story of Antara ibn Shaddad, a sixth-century slave who transcended his bondage to
India’s unexpected announcement of import restrictions on personal computers and laptops in August sent shockwaves through major suppliers like Apple, Samsung, and Dell. The move was intended to support Prime Minister Narendra Modi’s “Make in India” program and position the country as a high-tech manufacturing hub. However, this protectionist measure seems contradictory to India’s desire
Apple shares experienced a significant drop of about 3% on Thursday, following a 4% decline the previous day, amid reports suggesting that the Chinese government may ban its employees from using iPhones. This news has raised concerns about the potential international tensions between the United States and China and the implications for Apple’s products. This
Chip design firm Arm has announced that technology giants Apple, Google parent Alphabet, Nvidia, and others are interested in purchasing up to $735 million in its shares. Arm’s designs are widely used in processors for data center servers, consumer devices, and industrial products, making the company highly influential in the technology market. Additionally, major chip
Italy’s recent decision to implement a 40% windfall tax on banks has caused significant controversy and sparked widespread backlash. The unexpected announcement led to a sharp decline in Europe’s main bank stock index and raised concerns among analysts and policymakers. While the government insists that the tax can be improved, critics argue that it could
Russia’s recent drone attacks on the Danube River port infrastructure in Ukraine’s Odesa region have had devastating consequences for the country’s grain exports. These attacks, which injured several people, have significantly disrupted Ukraine’s main route for exporting grains since Russia pulled out of a U.N. and Turkey-brokered deal that allowed safe passage for Kyiv’s exports
German automaker BMW has unveiled its highly anticipated electric concept car, the “Vision Neue Klasse,” signaling the beginning of a new era for the company. This groundbreaking design showcases a platform that will serve as the foundation for BMW’s next generation of electric vehicles. With the first production models set to hit the road in
The euro zone’s inflation rate for the month of August has surprised analysts by coming in higher than expected. According to preliminary data from the European statistics office, headline inflation stood at 5.3%, surpassing the 5.1% forecasted in a Dow Jones poll. Although this figure remains unchanged from July, it presents a dilemma for the
Hurricane Idalia recently made landfall in Florida, causing widespread destruction and leaving two people dead in its wake. The storm has since weakened but continues to pose a threat as it moves towards southeastern Georgia. With hundreds of thousands of people without power and life-threatening storm surges persisting, the region remains on high alert. The