Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersRussia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a “new world order” that challenges the West.The group was initially comprised of Brazil, Russia, India and China before South Africa joined in 2010, giving the organization of rapidly economically-developing nations its current name. It has since morphed into a geopolitical forum for the world’s most powerful nations outside of the West.The BRICS now have additional clout…
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(Reuters) – Thailand Commerce Minister Pichai Naripthaphan said Nvidia (NVDA) is set to unveil investment plans for the country, Bloomberg News reported on Tuesday.The chip maker is set to unveil investment plans during CEO Jensen Huang’s trip to Bangkok in December this year, he told Bloomberg in an interview, declining to give details on the investment or how much the company will bring into Thailand.(Reporting by Pretish M J in Bengaluru; Editing by Rashmi Aich) Source link
Image source: Getty Images Shares in FTSE 100 heavyweight British American Tobacco (LSE: BATS) have long been a rich source of passive income for me. This is money made with little effort and as a former smoker, I feel perfectly entitled to benefit from the firm’s generosity. It took the form last year of a 230.89p dividend, which yields 8.8% on the current £26.33 share price. By contrast, the average yield of the FTSE 100 is just 3.5% and of the FTSE 250 only 3.3%. The undervaluation requirement A high yield in a stock designed to maximise passive income is…
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled flights to and from Beirut until Nov. 6 and to and from Tel Aviv until Nov. 5. AIRBALTIC Latvia’s airBaltic cancelled flights to and from Tel Aviv until Nov. 30. AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice. AIR FRANCE-KLM Air France extended its suspension of Paris-Tel…
– By Sankar Chakraborti The pace at which global climate change is happening is alarming. Leaving a better planet for our future generations is a shared responsibility for all of us. In the global pursuit of net-zero emissions, India emerges as a unique protagonist. Like a tree deeply rooted in the earth, taking its time to grow, India symbolizes enduring resilience. While the path that India follows, might not boast the speed of others, our methodical approach positions us to cleverly harness international financing. This will propel the adoption of efficient, low-emission technologies, an approach that lays the bedrock for…
The amount of ESG professionals boomed thereafter and job titles like Head of ESG were created by businesses who wanted a sharp focus on sustainable performance.Those businesses that took ESG seriously were seen as future-proofed, forward thinking enterprises, ready to transition away from the mistakes of the past. As such, they became much more attractive to investors. With this preference made clear, all businesses began scrabbling to reach the same benchmark, lest they be left behind.So why now, in 2024, does it seem as though investors are losing interest in the ESG credentials of businesses?The newest data on investor belief…
Image source: Getty Images Dividend-paying FTSE shares can be great vehicles for generating a second income. My attention is on three to consider as soon as more spare funds become available to me. Consistent and growing cash flow One of the key requirements for me is that the businesses behind the stocks are well-established with steady operations. For example, I’m keen on Supermarket Income REIT (LSE: SUPR). The company does what it says on the tin. It invests in supermarket real estate in the UK, which companies like J Sainsbury, Tesco and others then lease. On top of that, it’s…
Chelsea Jia Feng/BIWall Street’s bullishness for Nvidia stock endures even as shares trade at record highs.Analysts are upbeat about the next-gen Blackwell chip and Nvidia’s web of enterprise partnerships.Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks.Nvidia stock is trading at record highs, but that’s not deterring top Wall Street analysts from being bullish.Bank analysts have been hiking their price targets for the chip titan in recent weeks, predicting more upside even as the stock has seen a meteoric rise over the past year.Shares traded above $142 each on Monday, hitting…
Investing.com — InterContinental Hotels Group (LON:) reported a 1.5% rise in revenue per available room (RevPAR) for the third quarter, driven largely by strong demand across the EMEA region. However, the results were tempered by sluggish conditions in the U.S. market and continued challenges in China, the company said in a statement. The EMEA region emerged as a bright spot, posting a 4.9% increase in RevPAR during the quarter. This growth reflects rising business travel and group bookings, which remain resilient across the region. Key contributors included Continental Europe and the East Asia & Pacific sub-regions, where RevPAR growth reached…
Dozens of schemes for this nascent market have sprung up since 2022, after the Kunming-Montreal Global Biodiversity Framework (GBF) was passed at the last United Nations (UN) biodiversity summit. Apart from the landmark goal to preserve 30 per cent of the Earth’s lands and oceans by 2030, the GBF text also called for “at least US$200 billion per year” to be mobilised from both public and private sources, including from novel mechanisms like biodiversity credits.Despite not being officially on the agenda for COP16 which kicked off on Monday, the emerging instrument is set to be a key discussion topic on the…