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Swept by Jaguars, Titans alone in AFC South basement

Sambhal mosque imam fined Rs 2L for loudspeaker noise violationAdani Wilmar Share Price Live blog for 30 Dec 2024New Delhi [India], December 30 (ANI): India's Current Account Deficit (CAD) is expected to remain at 1.1 per cent of the Gross Domestic Product (GDP) in the financial year 2024-25 (FY25), according to a report by ICICI Bank. The report highlighted significant changes in the country's external position in recent months, driven by a widening trade deficit and foreign portfolio investment (FPI) outflows. Also Read | BTS V aka Kim Taehyung Birthday: From Fun Moments With Jungkook to Pranks With Jimin, Here Are 7 Precious Moments of 'Winter Ahead' Singer. It said "We expect CAD at 1.1 per cent of GDP in FY25" In November 2024, India's trade deficit reached a record high of USD 37.8 billion, primarily due to gold imports totaling USD 14.9 billion. Also Read | Stocks To Buy or Sell Today, December 30: HDFC Bank, Tata Motors and Mahindra & Mahindra Among Shares That May Remain in Focus on Thursday, Know Which Stocks to Buy or Sell on December 30. Additionally, non-oil and non-gold imports have been on the rise, increasing by 3.5 per cent year-on-year during October-November 2024. On the export side, while oil exports have declined by 36 per cent during the same period, non-oil exports have shown a positive trend. Electronics and engineering goods exports grew by 50 per cent and 27 per cent year-on-year, respectively, in October-November 2024. The report also cautioned that despite government efforts to manage gold imports, the trade deficit is likely to remain under pressure due to a weaker global growth outlook. This is attributed to rising interest rates worldwide, with the U.S. Federal Reserve signaling a higher trajectory for rates. The report "Even as the government is working on reconciling gold imports, the trade deficit outlook is worse because of lower global growth outlook". It stated that Foreign Direct Investment (FDI) inflows have remained robust; however, higher outflows driven by exits in India's thriving primary equity market have offset the gains. As a result, the Balance of Payments (BoP) scenario has shifted significantly. While the first half of FY25 saw a surplus of USD 23.8 billion, the second half is witnessing a steep decline. The overall BoP surplus is expected to remain neutral for FY25, with a risk of turning negative if FPI outflows exceed estimates. On a positive note, India's services exports and remittances have seen strong growth, helping to offset the impact of higher gold imports and weaker oil exports. This has ensured that the CAD remains manageable despite mounting challenges in the trade and capital flows landscape. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

ISRO SpaDeX Mission Launch Date, Time: When and Where To Watch Live Streaming of ISRO’s Space Docking Experiment, Its Last Mission in 2024More cancer patients in S’pore die compared with Australia, South Korea; screening could play a roleFederal Capital Territory (FCT), Minister, Barrister Nyesom Wike, has fired back at the former Governor of Rivers State, Dr Peter Odili, saying that “an elder statesman should not be a trader and a sycophant all the time.” Wike, who was speaking at the Special Thanksgiving Service organised by Speaker of the Rivers State House of Assembly, Hon. Martin Chike Amaewhule, at the Church of Nigeria (Anglican Communion), Oro-Igwe/Eliogbolo Archdeaconry Church of the Holy Spirit, Eliozu Parish, Port Harcourt on Sunday, said it was unfortunate that somebody who is supposed to be seen as an elder statesman and called a father can reduce himself to a sycophant and a trader. He asked; “Must you be a trader all the time? As governor for eight years, what else are you looking for?” The Minister said; “You know, I didn’t want to say anything. But somebody called me last night and told me what someone said on social media. I said until I read it myself. This morning, I read in the newspapers, what our former Governor, Sir Dr Peter Odili said. “What did he say? He said that the present governor has been able to stop one man who wanted to convert Rivers State to his estate. “Between him and myself, who has turned Rivers State into his personal estate? His wife is a Chairman of Governing Council, his daughter is a commissioner, his other daughter is a judge and he is the general overseer. Who has now turned Rivers State to his private estate? I am sure if care is not taken if there is a chance, he can even arrange a marriage for the governor. “It was his nephew, his late senior brother’s son that was recommended for commissioner. He took the slot and gave it to his own daughter. Someone who didn’t remember to stand for the son of his late elder brother, is that an elder statesman?” Speaking further, the FCT Minister said it was painful that Dr Odili, out of political sycophancy, has forgotten all that he said in the past, adding; “All of you here remember when I was governor, this same Odili praised me to high heaven. In fact, he said then that all past governors in Rivers State combined did not do better than me. “In 2007 after he left office, he couldn’t come near power in the State because Amaechi was the governor then. He was gone! “Like somebody said that God will use someone to lift someone. When I came in as governor in 2015, I won’t use the word resurrected, but I brought him back to life. “All of us know about PAMO University. But for us, there wouldn’t have been anything called PAMO University. Rivers State was sponsoring 100 students per session and for every semester, each of the students was paying nothing less than N5m. Then, Rivers people were attacking me up and down. “I called Julius Berger to build a mansion for him to live. He was calling everyone to the house then, telling them, come and see what Wike has done for me. Wike has shown me love. He was taking them round the house. “Now, because you have organized a Christmas Carol for the governor, I didn’t say you should not do your Christmas Carol. But why reduce yourself to such a laughing stock? People will still see it on television how he was telling the whole world then how God used me to bring him back to life politically. “Why not do your Christmas Carol, collect what you can collect, and leave me alone? “The governor that all of us made has not spent one year in office and the same Odili was already saying that the governor has beaten the records of all the past governors of Rivers State. “When I was there, he said I had surpassed the records of all the past governors, including himself. What can he even show that he did in his eight years as governor? But a governor has not spent one year, you are saying he has done more than all the past governors. “You spent eight years as governor and someone who hasn’t spent one year has surpassed your records, what manner of elder talk like that? Is that what an elder statesman should be known for? “When I was governor, my pictures were everywhere in his house. Sitting room, bedroom, kitchen, even in the toilet, my picture was everywhere. But today, all the pictures have been removed.” Asking what can be learned from such an elder statesman, Wike said; “What can I learn from this kind of elder? What kind of advice can one get from him? This moment you are saying something, the next moment you are saying something else. “You see, if your children begin to ask you, is this not the same man you were praising before? What would you tell them?” On the State governorship issue, the Minister asked; “When I was plotting who will be governor after me, was he (Odili) there? Then, he was complaining about this governor, saying that he couldn’t stand before the public to talk. But today, he is organizing Christmas Carol for the same governor he was against then. “He has forgotten all that he said in the past. I named this after you, I named that after your wife. What have I not done? “You said we should not be part of the government, we have left. We are managing, you have taken assembly money, they are not dying of hunger and they will not die of hunger. We are okay. I’m focusing on my job in Abuja and all these sycophancy won’t take him to the level I have attained. “This is a man who wanted to run for president then, he didn’t have the balls, he chickened out. Simply because Obasanjo said no, he will not contest, he ran away. Because of him, I never invited Obasanjo to Rivers State to commission projects. I felt it will humiliate him.” READ MORE FROM: NIGERIAN TRIBUNE

Earnings of Philippine corporations grew slower in the first nine months of this year as the consumer, property and power sectors showed weakness due to high inflation during that period. In its latest Philippine Market Strategy report, COL Financial Group Inc. found that listed companies grew by 5 percent in the January to September period, down from 10.5 percent in the first quarter and 9.6 percent in the first half. Banks were the strongest among the industries as high net interest income and trading gains drove growth. According to COL, nearly all banks listed on the Philippine Stock Exchange booked higher profits, with growth averaging at 12.4 percent. Demand for loans increased, buoyed by consumer and corporate loans, which were up by 17 percent and 11.7 percent, respectively. The telecommunications sector, meanwhile, saw core earnings grow by an average of 19.1 percent on gains from the newer businesses of Globe Telecom Inc. and Converge ICT Solutions Inc. The performance of Manuel Pangilinan-led PLDT Inc. was relatively weaker than its competitors as poor weather led to network outages. Still, COL said these companies “all performed above expectations.” It also pointed out, however, that strength in the banking and telco industries failed to offset the “weaker” performance of the consumer, property and power companies. COL explained that consumer firms “delivered the worst performance” among all the publicly listed companies as high inflation during the period significantly dragged revenues. On average, profits of these firms fell by 10.1 percent as nine out of 13 stocks covered by COL reported “below expected” earnings. Although relatively unaffected by the business cycle, earnings of the power sector also declined by 1.9 percent. This came due to lower commodity and spot market prices, COL said. At the same time, property firms grew by 11.9 percent from 13.9 percent previously due to slower revenue growth. “Going forward, the pace of residential revenue growth might slow down further as takeup sales contracted for the fifth quarter in a row by 14.8 percent in [the third quarter],” COL noted. Earlier, analysts interviewed by the Inquirer explained that rate cuts were “not enough” to give the local market a much-needed boost in the third quarter due to an upside risk. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . But while equities abroad are expected to be hurt by US President-elect Donald Trump’s “protectionist policies,” experts said the Philippines’ position as a US ally may become an advantage for the stock market next year. INQ

India and China, the world’s two most populous nations, are central to . Together, they represent over a third of the global population and contribute significantly to global emissions. As major economies and leaders in the developing world, their actions will play a decisive role in achieving – or hindering – global climate goals. The recent 29th Conference of the Parties (COP29) in Azerbaijan underscored this reality, marking a significant step forward in the global climate agenda. With key agreements reached to accelerate climate action, the summit, dubbed the “climate finance COP,” saw countries unite to establish a more ambitious , aiming to accelerate action on emissions and adaptation. A key outcome was the establishment of the New Collective Quantified Goal (NCQG), which will replace the expiring US$100 billion target and commit to mobilizing US$300 billion annually for developing countries by 2035.. However, the NCQG falls short of the developing countries had advocated for — and even that figure may be insufficient to fully address their climate financing needs. Key questions remain: Who will shoulder the costs? Will the funding be in the form of grants, concessional loans, or private sector loans? And, crucially, how will these resources be allocated and distributed? These uncertainties must be addressed for the NCQG to be truly effective. The new agreement holds significant implications for both India and China. As central players in this climate finance commitment, their contributions, alongside global support, will be crucial in determining whether the world can meet its climate objectives. As a major emerging economy, India faces the challenge of with economic development and poverty alleviation. Recent discussions at COP29 underscored India’s need for to transition to a low-carbon economy. New Delhi has long argued that developed nations, responsible for the bulk of historical emissions and with higher levels of economic development, should shoulder a larger share of the financial burden. While India has made progress in renewable energy — setting an ambitious target of of non-fossil fuel-based energy by 2030—it still faces significant obstacles in scaling these efforts without substantial financial and technological support. The NCQG’s commitment to annually for developing countries offers hope. But India’s call for more substantial climate finance remains unmet. India’s approach to climate action is inherently linked to its development priorities. Despite this, India in the latest Climate Change Performance Index (CCPI), with a relatively low per capita emission of 2.9 tons of carbon dioxide equivalent (tCO2e), well below the global average of 6.6 tCO2e. This ranking reflects India’s proactive climate policies, demonstrating that sustainable growth is achievable even for developing countries. However, India has repeatedly emphasised that climate finance should not come with strings attached, such as or policy restrictions that could hamper its economic growth. For New Delhi, the key challenge will be to balance its development needs with climate commitments, ensuring that financial assistance is both equitable and transparent. China, for its part, has also faced scrutiny. At COP29, China came under intense scrutiny for its insufficient contributions to climate finance. As the world’s largest emitter, its financial commitment to global climate action is increasingly seen as a critical test of its leadership on the world stage. Under the 2015 Paris Agreement, climate finance responsibility falls on developed nations due to their historical emissions. However, negotiators have increasingly urged China to take on a larger financial role. While China maintains its stance as a developing country and resists mandatory contributions, its voluntary pledges have raised questions about its commitment — setting the stage for continued debate on China’s financial responsibility in global climate action. Critics argue that China’s rising global influence, its strong industrial capacity and its status as the world’s largest greenhouse gas emitter necessitate in addressing climate change. As global pressure for climate action intensifies, China’s role in climate finance will face heightened scrutiny – especially if Beijing aims to assert greater influence in shaping international climate diplomacy. Since 2016, China has committed in climate finance to developing nations, according to Chinese officials. Annual contributions are estimated at – roughly 5% of what developed countries contribute. While significant, it still falls short of the US$100 billion annual target for developed nations, a responsibility China has yet to meet. Although China has emerged as a key player in climate finance, it operates outside the traditional United Nations framework and on its own terms. Notably, a significant portion of its financial contributions is in the form of , raising concerns about the long-term sustainability and potential debt burdens of recipient nations. As China’s geopolitical and economic power expands, its climate finance strategy will face increasing pressure, especially as calls for greater transparency and more robust commitments intensify. COP29 set a crucial milestone with the NCQG. For India and China, the conference underscored their pivotal roles in funding global climate action. Both countries must now lead by example. After all, their actions will shape the future of climate diplomacy and global sustainability.