Forex flows to help India tackle CAD challenges

Mumbai: Fund flows into India, billed as the world’s fastest-expanding major economy, should help New Delhi weather the challenges posed by a widening current account deficit (CAD), Reserve Bank of India (RBI) Governor Shaktikanta Das said. In the external sector, slowing global demand is weighing on merchandise exports. “At the same time, the impact of…Continue Reading

Consumer MNCs plan to go big on India next year

Amid global demand headwinds and layoffs, nearly a dozen multinationals including Nestle, PepsiCo, Pernod Ricard, Mars-Wrigley, Coca-Cola, Mondelez, L’Oreal and Anheuser-Busch InBev are doubling down on India with higher investment, increased spending and selective hiring in their annual operating plans for 2023, having identified it as among the few markets that are growing. “Economic growth…Continue Reading

Ranbir Kapoor On His “Disaster” Films, India’s Struggling Box Office & His Desire To Direct — Red Sea Film Festival

An unwieldy crowd rushed the stage and frequently broke out in song as Bollywood star Ranbir Kapoor discussed his life and career during one of the final ‘In Conversation’ sessions at the Red Sea Film Festival Wednesday. The packed crowd, which comprised local and international Bollywood superfans, commandeered the keynote session from festival organizers and…Continue Reading

NDP trade minister switch signals alignment with federal strategy to emphasize India

Jagrup Brar was originally an NDP MLA from 2004 to 2013, ran unsuccessfully for party president in 2013 and made a comeback in Surrey-Fleetwood in 2017 | Photo: Jagrup Brar via FacebookTen days after the federal government announced its new Indo-Pacific foreign policy in Vancouver, a new provincial minister of state for trade was sworn-in…Continue Reading

Lightning kills 907 in India as extreme weather surges in 2022

[1/2] A policeman jumps off a makeshift raft after wading through a flooded area of a slum on the banks of the river Yamuna in New Delhi, India, September 28, 2022. REUTERS/Anushree Fadnavis/File PhotoNEW DELHI, Dec 7 (Reuters) – India saw a big jump in extreme weather events such as heatwaves and lightning strikes this year…Continue Reading

AFN chiefs adopt unified front, demand Ottawa pay ‘minimum’ of $20B to child welfare survivors

Assembly of First Nations chiefs agreed to set their differences aside and demand Canada immediately compensate people harmed by the underfunded on-reserve child-welfare system, in an 11th hour show of unity on Wednesday night in Ottawa.Delegates gathered for the AFN’s annual winter assembly heard impassioned pleas as they mulled whether to back a $20-billion class-action settlement agreement…Continue Reading

Ex-Theranos president Sunny Balwani sentenced to nearly 13 years in prison

BusinessRamesh “Sunny” Balwani, the former president of Theranos, was sentenced to 12 years and 11 months in prison for defrauding the blood-testing start-up’s patients and investors.Balwani was convicted of defrauding failed blood-testing start-up’s patients and investorsThomson Reuters · Posted: Dec 07, 2022 6:33 PM ET | Last Updated: 3 hours agoRamesh ‘Sunny’ Balwani, the former…Continue Reading

Former B.C. mayor charged with sexual assault alleged to have occurred while he was in office

British ColumbiaThe former mayor of Kelowna has been charged with sexual assault in connection with an incident alleged to have occurred while he was still mayor.Former Kelowna mayor Colin Basran scheduled to make his first court appearance Jan. 24, 2023Jason Peters · CBC News · Posted: Dec 07, 2022 3:18 PM PT | Last Updated:…Continue Reading

As with all media, messaging from sports stars like LeBron James must be consumed with discretion

This is a column by Morgan Campbell, who writes opinion for CBC Sports. For more information about CBC’s Opinion section, please see the FAQ.Last week, LeBron James, the NBA star and production company president, ended a post-game news conference by tossing a question back at reporters.”I got one question for you guys before you guys leave. I was…Continue Reading

Peru’s president removed from office, arrested after failed ‘coup’ attempt

The president of Peru, Pedro Castillo, was ousted by Congress and arrested on a charge of rebellion Wednesday after he sought to dissolve the legislative body and take unilateral control of the government, triggering a grave constitutional crisis.Within hours, Vice-President Dina Boluarte was sworn in as president, becoming the first female leader in the history of the republic…Continue Reading