EURO ZONE FLASH PMIS
PM Modi to visit Himachal, Punjab on Sept 9 to review and conduct aerial survey of areas hit by flash floods
Prime Minister Narendra Modi is scheduled to visit Himachal Pradesh and Punjab tomorrow to assess the flood-related devastation. He will conduct aerial surveys of the affected regions in both states, followed by meetings with officials in Kangra and Gurdaspur. Modi will also interact with flood victims and rescue teams to ensure effective relief and rehabilitation efforts.
France political crisis: Is country about to go bankrupt due to Donald Trump tariffs? Factors that have impacted Europe's 2nd largest economy
France's economy, the second largest in Europe after Germany's, appears strong at first glance. Before President Donald Trump's tariff war, growth was slow but steady and employment was picking up.
What you need to know about France's political crisis
French Prime Minister Francois Bayrou is poised to lose a confidence vote, deepening France's political turmoil amid ballooning debt and a fragmented parliament. Bayrou's austerity budget triggered opposition, leading to the vote. President Macron faces pressure to appoint a new prime minister, potentially from the center-left, as France braces for protests and a credit rating review.
Yen slides after Japan PM Ishiba resigns
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world's fourth-largest economy.
Asian stocks gain on rate cut optimism, yen dives after Ishiba resigns
Following weak U.S. jobs data, stocks rose amid expectations of Federal Reserve rate cuts, while the dollar weakened. Japan's yen declined due to political uncertainty after Prime Minister Ishiba's resignation, raising concerns about future monetary policy. Gold prices remained near record highs as investors awaited U.S. inflation data and monitored political developments in France.
Monsoon losses cross Rs 4,000 crore in Himachal Pradesh: Officials
Heavy rains caused cloudbursts, flash floods, and landslides in Shimla, Himachal Pradesh. The state suffered losses of Rs 4,079 crore between June 20 and September 7. Rain-related incidents and road accidents caused 366 deaths. Many houses and shops got damaged. Landslides, flash floods, and cloudbursts ravaged the state. Several roads are blocked, disrupting traffic and essential services.
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Zelenskyy rejects Putin's proposal for Moscow meet, invites him to Kyiv
Volodymyr Zelenskyy dismissed Vladimir Putin's proposal for talks in Moscow, deeming it unrealistic given ongoing Russian attacks. Zelenskyy suggested Kyiv as an alternative, highlighting the daily missile strikes. Despite Donald Trump's push for a meeting, Moscow's conditions and increased shelling hinder progress, while Zelenskyy reports intensified Russian attacks across Ukraine.
Isolated tornadoes possible under severe thunderstorm watch; tornado watch vs warning explained
A severe thunderstorm alert is issued for the eastern United States. Over 43 million people may be affected this Saturday. Damaging winds, heavy rain, and large hail are expected. Flash flooding and isolated tornadoes are also possible. The alert is in effect until 8 p.m. It covers areas from Pennsylvania to Maine.
Google's Nano Banana available on X: Here's how to use
Google has launched Nano Banana, an AI image generation and editing tool, accessible on X. Users can create and modify images by tagging the AI and providing prompts. This tool, along with the Gemini 2.5 Flash Image upgrade, offers features like image blending, character consistency, and targeted transformations using natural language. Gemini 2.
Euro zone bond yields lag US Treasuries after US economic data
Euro zone government bond yields lagged behind U.S. Treasuries, which dropped sharply after data releases on Friday, sending the spread between German and U.S. borrowing costs to its lowest level since early April.
Dollar falls sharply after jobs data misses expectations
The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which likely guarantees a Federal Reserve interest rate cut. Labor Department data showed that nonfarm payrolls increased by only 22,000 jobs last month, far short of the 75,000 positions estimated by economists polled by Reuters.
Millions in US on edge as Hurricane Kiko targets Hawaii: Check how to stay safe during emergency
Hawaii is on high alert as Hurricane Kiko, a Category 4 storm with 145 mph winds, approaches. Though expected to weaken, Kiko will likely maintain hurricane strength through the weekend. Residents are urged to prepare for high winds, heavy rain, and flooding. Officials advise securing homes, stocking essentials, and staying informed about evacuation routes.
Greece to raise up to 9 billion euros from bond markets in 2026: Report
Greece will raise between 8 billion and 9 billion euros ($9.4 billion-$10.5 billion) from bond markets in 2026 and repay more bailout loans in December ahead of schedule as the economy continues to recover from last decade's debt crisis, two government sources told Reuters.
Hurricane Kiko explodes into category 4 storm, roaring 1,500 miles east of Hawaii: Check latest forecast
Pacific Ocean witnesses the formation of Hurricanes Kiko and Lorena. Kiko, a Category 4 storm, is moving towards Hawaii. Forecasters are closely monitoring its path. Lorena is heading towards Mexico's Baja California coast. Heavy rainfall and flash flooding are expected in parts of Mexico and the Southwestern United States. Texas might experience tropical moisture, potentially leading to flooding.
Euro zone bond yields lower at end of volatile day
Euro zone bond yields were set to finish a volatile day lower on Wednesday, as the recent global selloff eased with help from U.S. labour market data that supported bets on a Federal Reserve rate cut this month.
Hurricane Lorena 2025, Hurricane Kiko: Weather forecast, landfall location, path, map, windspeed, category
Hurricane Lorena and Hurricane Kiko are hurtling towards the coastlines. Check weather forecast and warnings issued so far.
Euro zone bonds steady but fiscal jitters persist for long-end
Euro zone bond yields remained steady near multi-year highs. Investors are worried about government debt. Germany's 30-year yield was close to a 14-year high. French bonds showed little reaction to political news. Heavy bond supply is expected from Germany, Japan, and the US. Japan's 30-year government bond yield hit a record high. Societe Generale anticipates significant European bond issuance.
Former Flipkart executive Ranjith Boyanapalli launches AI-powered shopping assistant
Flash.co, founded by ex-Flipkart executive Ranjith Boyanapalli, has launched Flash AI, an AI-powered shopping assistant, across over 100 countries. This tool helps online shoppers compare products from various channels, offering details, ratings, reviews, and price comparisons. Flash AI gathers data from diverse online sources to provide comprehensive summaries, aiming to assist shoppers in making informed purchasing decisions.
Dollar under pressure as traders return after Labor Day break
The U.S. dollar saw a slight recovery in Asian markets after a period of decline. Investors are watching U.S. economic data closely. This is to understand the impact of President Trump's policies. Gold prices are near record highs as investors seek safe havens. The euro experienced a slight dip. The Australian dollar paused after gains.
Who is Laurent Freixe? Nestle CEO sacked over ‘undisclosed romantic relationship’ with office subordinate; all you need to know about him
Nestlé abruptly dismissed CEO Laurent Freixe due to an undisclosed romantic relationship with a direct subordinate, violating the company's code of conduct. This decision followed an investigation overseen by Chairman Paul Bulcke and lead independent director Pablo Isla. Nespresso CEO Philipp Navratil has been appointed as the new chief executive.
Jammu: Closure of schools extended till Tuesday amid heavy rains
Due to forecasts of heavy rainfall, authorities in Jammu have extended the closure of all government and private schools for another day. The University of Jammu has also postponed all examinations until September 4. The meteorological office predicts moderate to heavy rainfall in most parts of the Jammu division, raising concerns about cloudbursts, flash floods, and landslides.
A breakdown below 24,350 may intensify selling in Nifty: Analysts
Nifty 50 is expected to experience volatility in the coming week. Technical indicators suggest potential weakness. Analysts have identified critical support levels. Consumption-driven sectors show strength. Caution is advised for banks, IT, PSUs, and realty. Axis Securities suggests a Put Spread strategy for Nifty options expiring on September 2. Hero MotoCorp and Britannia are among stocks to consider.
NDMA, J&K SDMA launch survey to study causes of cloudbursts, flash floods in Himalayas
NDMA and J&K SDMA have started a survey. The survey aims to understand cloudbursts and flash floods in Jammu & Kashmir, Uttarakhand, and Himachal Pradesh. ISRO is using satellite mapping. The goal is to find the source of water and reasons for the disasters. Experts suggest building disaster-resilient infrastructure. They also emphasize awareness among local people.
Himachal Pradesh rains: 822 roads, including three national highways, closed
Heavy rains caused landslides and flash floods in Himachal Pradesh. Many roads closed, including three national highways. The weather office issued a red warning for intense rain. Since June 20, the state saw many flash floods, cloudbursts, and landslides. Restoration work is underway. Many power transformers and water supply schemes disrupted. Pilgrims are being evacuated.
J&K: At least 11 dead as cloudburst, landslide strike Reasi & Ramban amid torrential rains
Tragedy struck Jammu and Kashmir as cloudbursts and landslides claimed at least 11 lives in Reasi and Ramban districts, including seven members of a family. The region has been battling continuous natural calamities since August 14, with the death toll reaching 130. Authorities have issued warnings for more rain and urged residents to remain vigilant as rescue operations continue.
European shares slip ahead of crucial US, euro zone data
European shares edged lower on Friday as investors geared up for a slew of euro zone data and a key U.S. inflation report for cues on the potential timing of interest rate cuts on both sides of the Atlantic.
ECB rate cut talk may resume after September pause, sources say
European Central Bank may keep interest rates steady next month. Discussions on rate cuts might resume in autumn if the economy weakens. Earlier, ECB paused rate cuts due to resilient economy and inflation at target. US tariffs are within ECB expectations. Future rate cut talks depend on economic data, US tariffs impact, and Ukraine war situation.
Eurozone biz activity in August at 15-month high
The manufacturing sector showed notable improvement with its headline PMI rising to 50.5 from 49.8 in July, moving into expansion territory for the first time in more than three years. Services activity continued to expand but at a reduced pace, with the bloc's dominant sector's PMI slipping to 50.7 from 51.0 in July.
European bond yields tick up as traders gear up for Jackson Hole
Euro zone bond yields inched higher on Thursday as markets gear up for the Federal Reserve's annual symposium in Jackson Hole and await Euro zone flash PMIs.
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