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Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…
The U.K.’s Financial Conduct Authority (FCA) picked Revolut, Monee Financial Technologies, ReStabilise, and VVTX to test stablecoin issuance in its Regulatory Sandbox as regulators move toward a full rulebook. The FCA said the cohort will trial stablecoin products in real-world conditions, with safeguards in place. The regulator plans to focus on issuance and review use…
NEW DELHI: Underlining that an investigative agency must be given freedom to conduct a probe, Supreme Court has held that courts should ordinarily refrain from setting timelines for agencies to complete the investigation as it would amount to stepping on the “toes of the latter”. A bench of Justices Sanjay Karol and N K Singh…
The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s…
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India’s textiles sector is set for a research and innovation lift with the government approving the Rs 305 crore Tex-RAMPS scheme, the textiles ministry said on Thursday, as reported by PTI. The initiative will run from 2025 to 2031 as a fully funded Central Sector Scheme.According to the ministry, the Textiles Focused Research, Assessment, Monitoring,…
NEW DELHI: Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) city’s busiest rail hub witnessed a dangerous incident when a man, reportedly intoxicated, was found sleeping on a railway track, halting Harbour Line services and delaying thousands of daily commuters.The incident, captured in a video that is now circulating widely on social media, shows the man lying…
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