Author: Press Room
© Reuters. Indian supply chain services provider Delhivery reported a net loss of INR 102.9 Cr ($1.37m) in Q2 FY24, a decrease of 59.5% YoY and an increase of 15% QoQ. Despite the delayed festive season sales, the company saw revenue growth in several areas. Express parcel shipment volumes and revenue grew by 12% and 8% YoY respectively, reaching over 70 million daily volumes. Meanwhile, Part Truck Load (PTL) volumes rose by 22% YoY, generating INR 373 Cr ($4.96m) in revenue, a 28% YoY increase. The company’s truckload business also experienced robust growth with revenues increasing by 46% YoY and…
Warning: RGR is at high risk of cutting its dividend
Abortion has emerged as a defining fault line of this year’s elections, with consequential contests in several states on Tuesday offering fresh tests of the issue’s political potency nearly 18 months after the Supreme Court ended a federal right to an abortion.The decision overturning Roe v. Wade scrambled American politics in 2022, transforming a longstanding social conflict into an electoral battering ram that helped drive Democrats to critical victories in the midterm races. Now, as abortion restrictions and bans in red states have become reality, the issue is again on the ballot, both explicitly and implicitly, in races across the…
Two Russian soldiers are being investigated for murdering a Ukrainian family. Reports say that they had a dispute over the soldiers demanding moonshine liquor. Throughout the conflict there have been multiple reports of Russian soldiers heavily consuming alcohol. 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 Two Russian soldiers are being investigated for killing a Ukrainian family, possibly in revenge for not giving them moonshine, according to reports.Russian authorities detained two servicemen under suspicion of murdering nine people, including two children, in occupied Donetsk,…
At Rishi Sunak’s summit on artificial intelligence this week, one delegate said the British Prime Minister had scored a “diplomatic coup” by getting US and Chinese officials to stand together on the need to control AI.Amid heightened trade and technological tensions between Washington and Beijing, the Chinese delegate Dr Wu Zhaohui surprised some at the two-day event at Bletchley Park, England by agreeing that they were united by the common values of “democracy” and “freedom” in the fight against the malicious uses of AI. Broad commitments from 28 nations to work together to tackle the existential risks stemming from advanced AI…
© Reuters. Goldman Sachs, a leading investment bank, is hopeful for a potential market recovery following a significant downturn in the Initial Public Offering (IPO) market in 2022. The firm’s CEO, David Solomon, expressed this optimism during an earnings call. This comes after the company’s stock price fell by 28%, a stark contrast to the record-breaking performance of 2021. In 2021, the IPO market experienced an unprecedented boom, with investment banks facilitating 1,033 new listings and public firms securing $286 billion. This surge led to historic earnings across Wall Street and substantial profits for Goldman Sachs, JPMorgan Chase (NYSE:), and…
Warning: FGBI is at high risk of cutting its dividend
New York Rep. Ritchie Torres, a Democrat, said he mistakenly voted against a resolution condemning Hamas supporters on college campuses amid the war between Israeli forces and Hamas terrorists.House lawmakers approved a resolution Thursday condemning college students’ support of Hamas, Hezbollah and other terrorist groups by a 396 to 23 vote.”As a visible and vocal advocate against antisemitism on college campuses, especially in the wake of October 7th, I have submitted a correction for the record,” Torres wrote Thursday on X, the platform formerly known as Twitter.”I have no use for pro-Hamas protestors, and I despise them with every fiber…
Britain’s Prime Minister Rishi Sunak (L) attends an in-conversation event with X (formerly Twitter) … [+] CEO Elon Musk (R) in London on November 2, 2023, following the UK Artificial Intelligence (AI) Safety Summit. (Photo by Kirsty Wigglesworth / POOL / AFP) (Photo by KIRSTY WIGGLESWORTH/POOL/AFP via Getty Images)POOL/AFP via Getty Images A few weeks ago, discussing the rise of the dollar to financial pre-eminence after Bretton Woods, I mentioned Lord Halifax’ comment ‘they have all the money but we have all the brains’, regarding the rise of American power relative to the declining role of Britain in the post-war…
Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Gallup, the polling and consulting group, is pulling out of China, making it the latest foreign company to retrench from the country amid rising scrutiny of western consultancies and whipsawing geopolitical tensions.The Washington-based advisory group, which first came to China in 1993, employed dozens of staff at its offices in Beijing, Shanghai and Shenzhen, according to public payroll records, many of whom work as consultants helping Chinese companies re-engineer their organisations or optimise their marketing.Gallup also has an educational and…