Author: Press Room

© Reuters. Pune-based Bank of Maharashtra (BoM) has led the pack of public sector banks in India with a robust growth in deposits and advances during the second quarter of the current fiscal year. This follows its strong performance in Q1, where it posted about 25% growth. In Q2, BoM’s gross domestic advances rose to Rs 1,83,122 crore ($24.6 billion), marking a significant growth rate of 23.55%. This impressive surge surpassed other public sector banks such as Indian Overseas Bank (20.29%), Central Bank of India (17.26%), and UCO Bank (16.53%). Despite State Bank of India (SBI) having total loans approximately…

House Speaker Mike Johnson, R-La., on Sunday argued it “makes sense” to couple Ukraine aid with funding for the U.S.-Mexico border. “We have to take care of our own border first,” Johnson said during an appearance on “Fox News Sunday.”That was in response to Democratic chairs of leading congressional caucuses who said on Saturday, “Republicans cannot move their extreme, cruel immigration agenda through the regular legislative process, so they’re trying to make an end-run around Congress and exploit two foreign wars to force it into law.” “What this is about is advancing the agenda and first priorities of the American people. I…

A Swedish union is leading strikes against Tesla to secure a collective labor agreement.Tesla, led by the anti-union Musk, has resisted a joint agreement, which is common in Sweden. Now dockworkers are threatening to block all Teslas unless better working conditions are agreed. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Tesla is facing growing strike action in Sweden over its refusal to accept a collective labor agreement.Last week, the Swedish trade union IF Metall announced a walkout, saying that after having no success “over…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Annual revenues generated by music copyright have grown to $41.5bn globally on the back of continued growth in streaming and a post-pandemic resurgence in public licensing in concerts and hospitality.A report by Will Page, a former chief economist at Spotify, analysed revenue streams from various sources and found that they grew by about a sixth in 2022, with record labels and their artists accounting for about two-thirds of this money, a share that has increased from about half in 2014. The growth…

© REUTERS Oil prices made a downward turn on Friday, spurred by easing Middle East supply concerns amidst the Israel-Hamas war and speculation of the US Federal Reserve halting interest rate hikes. Brent crude futures were recorded at $84.89 a barrel while West Texas Intermediate crude stood at $80.51 a barrel, marking a weekly drop exceeding 6%. Despite warnings of potential wider conflict at Lebanon’s border with Israel by Hezbollah leader Sayyed Hassan Nasrallah, markets remained steady. John Kilduff of Again Capital LLC stated that this conflict seems unlikely to significantly disrupt demand or supply. The slower-than-expected US job growth…

© Reuters. FILE PHOTO: Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo MILAN (Reuters) – Telecom Italia (BIT:) (TIM) directors on Sunday gave a go-ahead to a multibillion euro sale of the telecoms group’s prized domestic fixed-line access grid to U.S. fund KKR, two sources with knowledge of the matter told Reuters. Backed by Prime Minister Giorgia Meloni’s conservative administration, the deal is a key plank of TIM CEO Pietro Labriola’s plan to revive the debt-laden, junk-rated former phone monopoly. The board started a review of the offer on Friday, convening…

marchmeena29 The global market for remote medical care or telemedicine is set to reach ~$450B in 2032, up from $84B in 2022, market research and consulting company Emergen Research said in a recent report. According to Emergen, the global shortage of healthcare workers, technological innovations, and government support will be among the key drivers behind this expansion, which it sets at a compound annual growth rate of ~18%. Telemedicine took off during the pandemic as social restrictions and favorable regulatory changes encouraged remote interactions between healthcare providers and patients. From January 2020 to January 2021, major telehealth firms Teladoc Health…

Gov. Kim Reynolds of Iowa is expected to endorse Gov. Ron DeSantis of Florida in the Republican presidential primary on Monday, throwing her significant clout in the state behind him as he tries to make up ground against former President Donald J. Trump before the state’s caucuses in January.The endorsement is set to take place as Mr. DeSantis appears in the state, according to three people familiar with the plans.The endorsement was first reported by The Des Moines Register and NBC News.Ms. Reynolds is very popular with Republicans in her state, and she is one of the few governors with…

House Speaker Mike Johnson once blamed the fall of the Roman Empire on “homosexual behavior.” Johnson is a devout Christian who has called homosexuality “inherently unnatural.”  Classical Rome embraced homosexuality through its rise and fall. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app House Speaker Mike Johnson, a devout Christian, once blamed the fall of the Roman Empire on “homosexual behavior.””Some credit to the fall of Rome to not only the deprivation of the society and the loss of morals, but also to the…

Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.BHP, the world’s largest mining group, has said publicly for the first time that it wants to reach a final settlement over a dam disaster in Brazil worth potentially tens of billions of dollars of liabilities. The Australian company is on the hook financially for the collapse of a tailings dam that stored mining waste at the Samarco iron ore complex in November 2015, near the town of Mariana in the south-eastern state of Minas Gerais. It killed 19 people and devastated villages…