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November 08, 2024

Why nuclear weapons will be on Trump's agenda

When he takes office in January, President-elect Donald Trump will inherit a raft of national security challenges, including major wars in Ukraine and the Middle East. Less discussed are the growing nuclear threats facing the United States, including from Russia, China and Iran. Here are the five most pressing nuclear arms challenges confronting Trump: RUSSIA Trump will have to manage the gravest tensions with Moscow in more than 60 years, in part fueled by Russian President Vladimir Putin's threats to use nuclear weapons in his war against Ukraine and his development of exotic new weapons systems. Overseer of the world's biggest nuclear arsenal, Putin has been modernizing his nuclear forces and has rejected talks with Washington on replacing New START, the last U.S.-Russia arms limitation

November 08, 2024

Boeing to repay furloughed staff, cut jobs

WASHINGTON: Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce. Boeing furloughed thousands of salaried employees on a rolling basis after the strike by 33,000 union machinists began in September and halted production of its best-selling 737 MAX. But the planemaker later canceled the unpaid leave after announcing plans to cut 17,000 jobs. "Your sacrifice made a difference and helped the company bridge to this moment," Ortberg told staff in an email seen by Reuters. "We want to acknowledge your support by returning your lost pay if you went on unpaid furlough." Boeing is dealing with morale issues as it moves a

November 08, 2024

Q2 results today: SBI, Tata Motors among 152 companies to announce earnings on Friday

The second quarter earnings season is underway and as many as 152 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of SBI, LIC, Tata Motors, Vedanta, MRF and Ashok Leyland.Apart from the above, Abans Enterprises, Aarti Industries, Bajaj Hindustan, Beryl Securities, Binani Industries, Dreamfolks Services, Ethos, Flair Writing, Indiabulls Enterprises, Inox India, CE Info Systems, Orient Cement, Samhi Hotels, Star Cement, Tracxn Technologies and a few others will announce their quarterly results.SBI Q2 expectationsIndia's largest public lender State Bank of India (SBI) may report a single-digit growth in net interest income (NII) in the September ended quarter, aided by healthy loan growth and partly off-set by

November 08, 2024

RBI expands forex reporting requirements

The Reserve Bank on Friday said it has decided to expand the reporting requirement of forex transactions and include foreign exchange spot deals to ensure completeness of transaction data in the trade repository (TR) of the Clearing Corporation of India. Currently, authorised dealers report all over-the-counter (OTC) foreign exchange derivative contracts and foreign currency interest rate derivative contracts undertaken by them directly or through their overseas entities to the TR of Clearing Corporation of India Limited (CCIL). "To ensure completeness of transaction data in TR for all foreign exchange instruments, it has been decided to expand the reporting requirement to include foreign exchange spot (including value cash and value TOM) deals in a phased manner," the Reserve Bank of Indi

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