Author: Lucas

Market shrugs off Beijing’s move, with shipbuilder stocks rebounding on easing concerns Hanwha Philly Shipyard (Hanwha Group) Korea’s $150 billion project to support the United States’ shipbuilding sector, dubbed “Make American Shipbuilding Great Again,” or “MASGA,” remains unaffected despite China imposing sanctions on Korean shipbuilder Hanwha Ocean’s US subsidiaries, according to market analysts Wednesday.The Chinese government on Tuesday announced sanctions against five US subsidiaries of Hanwha Ocean: Hanwha Philly Shipyard, Hanwha Ocean USA International, Hanwha Shipping, Hanwha Shipping Holdings and HS USA Holdings. The sanctions banned all Chinese entities and individuals from cooperating in business or exchange with the subsidiaries,…

HMRC has advised people to follow some important guidanceThe HMRC urged people to keep this important number “safe”(Image: Getty)Brits have received an alert from HM Revenue and Customs (HMRC) to safeguard a critical number. The tax authority has cautioned people to protect their National Insurance number.This essential code could be misused for identity theft and fraudulent schemes, including illegally claiming benefits or obtaining loans. On social media platform X, HMRC posted: “Need your National Insurance number for your new job?”Remember to keep it safe and only share it when you need to. Download the HMRC app today.” You’re assigned a…

Stock Market Today (Image Source: iStock)Indian benchmark indices surged during early trading on Wednesday, with BSE Sensex jumping over 550 points, buoyed by positive global cues and growing optimism around a potential interest rate cut by the US Federal Reserve later this month. Leading the rally were major gainers like Nestle India, Jio Financial Services, Asian Paints, HDFC Life Insurance, and Bajaj Finserv, with stocks climbing as much as 3 per cent.At around 11:24 am, the Sensex was up 482.08 points or 0.59 per cent at 82,512.06, while the broader Nifty climbed 151.45 points or 0.60 per cent to reach…

Italy has retained gold despite crises, mounting debtBank of Italy holds 2,452 tons, World Gold Council saysCountry has world’s third largest national bullion reservesItaly’s ties to gold rooted in historyROME, Oct 15 (Reuters) – Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central bank’s vast gold reserves track record-high prices.The country’s bullion stockpile reflects decades of determined safeguarding after it rebuilt reserves plundered by the Nazis in the 1940s, and a stance that has seen it resist calls to sell through…

The refinery, funded by a $1.7 billion Line of Credit from India, is a major milestone in the bilateral partnership and a key project for Mongolia’s quest for energy independence.India stated that the Mongolian oil refinery, its largest Line of Credit (LoC)-backed infrastructure project, is expected to be operational by 2028, the Ministry of External Affairs (MEA) said on Tuesday.The announcement was made during a special briefing by MEA Secretary (East) P Kumaran on the ongoing state visit of Mongolian President Khurelsukh Ukhnaa.The refinery, funded by a $1.7 billion Line of Credit from India, is a major milestone in the…

RBI Launches UMI: Tokenising Assets With Digital Rupee For Faster & More Accessible Investing | Image: YouTube In a significant move to modernise India’s financial markets, the Reserve Bank of India (RBI) has unveiled the Unified Markets Interface (UMI). This new platform aims to revolutionise how financial assets are handled by leveraging blockchain technology and wholesale Central Bank Digital Currency (CBDC). Announced by RBI Governor Sanjay Malhotra at the Global Fintech Fest 2025 in Mumbai, the initiative marks a step forward in asset tokenisation, promising greater efficiency and accessibility in the financial sector. He stated, “I am happy to announce…

Wednesday, 15 October 2025 06:20 Picture credit: Manx Radio Follows issues with ‘grey water’ in River Neb Manx Utilities says it’s carried out a ‘full clean’ at St John’s sewage works which had been causing issues in a tributary of the River Neb. Earlier this summer, the Isle of Man Friends of the Earth group highlighted an area where ‘grey water’ was being discharged. The MUA says it’s since carried out an investigation and found issues with an old filter bed system, which is due to be upgraded ‘as quickly as possible’. The authority collects sample from the discharge zone…

Footage shows a house drifting out to sea after the remnants of Typhoon Halong hit Alaska over the weekend. After crossing the Pacific Ocean, the storm brought hurricane-force winds that left one person dead and another two missing. Authorities have rescued two dozen people from homes that drifted out to sea as around 1,300 were displaced. Brea Paul, who filmed the video on 12 October in Kipnuk, said she had seen about 20 other houses floating away overnight, some of which “would blink their phone lights at us like they were asking for help but we couldn’t even do anything”.…

France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd to build six LNG-powered feeder container ships, marking the first-ever order by a global liner operator at an Indian yard.The 1,700 TEU vessels are valued at around $300 million in total, representing a watershed moment for India’s maritime ambitions.The order follows meetings at CMA CGM’s headquarters in France last February, including a presentation by President Rodolphe Saadé to Prime Minister Narendra Modi and French President Emmanuel Macron. A letter of intent was signed on Tuesday (14 October), with a formal shipbuilding contract outlining technical and commercial terms…

Savers are being encouraged to shop around to find the best deal as experts warn attractive bonuses that draw customers in will not last long Three-quarters of savings accounts pay less interest than the current base rate of 4 per cent, new data shows. The average interest rate on cash savings accounts is 3.44 per cent, having fallen to the lowest level since June 2023, according to Moneyfacts. The downward spiral for savers has been mounting in recent months, with the average rate on cash savings last above 4 per cent in January 2024. New FeatureIn ShortQuick Stories. Same trusted…