U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season, the Energy Information Administration (EIA) said on Wednesday.
China's foreign minister has stated that Taiwan's independence is the greatest threat to regional stability but committed to avoiding conflict with the US. This statement came during a visit by US National Security Adviser Jake Sullivan to Beijing. The US emphasised peace across the Taiwan Strait amid growing military tensions and disputes over the South China Sea.
The Nifty50 index ended slightly higher on Wednesday after hitting a record 25,129.6, driven by IT stock gains and expectations of a US rate cut. Analysts suggest Nifty faces resistance near 25,075-100 and could remain volatile within the 24,750–25,250 range.
India plans to develop an indigenous 5.5 generation Advanced Medium Combat Aircraft (AMCA) with the first prototype expected by 2028. The aircraft will be a stealth fighter capable of carrying a substantial weapons load. Mass production is slated for 2035, with a development partner comprising both public and private sector firms.
The Harris-Walz campaign avoids the sensitive southern border topic, focusing on broader themes to sidestep potential issues. Critics accuse Kamala Harris of reversing her stance on the border wall, previously opposing it. This political maneuvering shapes the campaign's strategy, emphasizing economic and healthcare policies.
The next US president will take office on Inauguration Day, January 20, 2025. This day marks the start of the new presidential term, with the swearing-in ceremony held at the U.S. Capitol in Washington, D.C., where both the president-elect and vice president-elect take their oaths. Inauguration Day occurs every four years on January 20 (or January 21 if January 20 falls on a Sunday).
Democrat Kamala Harris' campaign will launch an ad campaign linking Republican Donald Trump to Project 2025, a set of conservative policies Trump may adopt if re-elected. The ad campaign will run in battleground states ahead of Harris' debate with Trump on Sept. 10. The project advocates for expanded presidential power and eliminating environmental regulations.
The Election Commission has taken action against the Haryana BJP for using a child in a campaign video, which violates guidelines. The state president has been given a show-cause notice to respond by Thursday 6 pm. The EC explicitly bars involving children in political activities. The Haryana Assembly election is scheduled for October 1.
The United States has imposed new sanctions on Israeli settlers in the West Bank due to violence against Palestinians, urging Israel to ensure accountability. This announcement coincided with Israel's large-scale attack on the West Bank that resulted in the death of nine Palestinian fighters. The US highlighted the importance of tackling extremist violence for regional peace and stability.
IndusInd International Holdings, owned by Hinduja Group, informed the National Company Law Tribunal of a Rs 850 crore GST liability issue hindering Reliance Capital's resolution plan. Despite receiving key approvals and being prepared to pay Rs 9,861 crore, the GST liability remains a problem. The tribunal set further hearings for September 19. The resolution plan was initially approved in February 2024.
Top Chinese and U.S. officials have discussed potential talks between Presidents Joe Biden and Xi Jinping, aiming to reduce tensions. High-level meetings in Beijing between top diplomats Wang Yi and Jake Sullivan touched on bilateral, regional, and global issues, including trade, Taiwan, and the South China Sea. More discussions will continue until Thursday.
Jay Shah, currently the secretary of the BCCI, is set to become the ICC chairman on December 1. As an honorary BCCI secretary, he receives allowances but no regular salary. His compensation at the ICC will follow a similar structure, with payments tied to meetings and duties rather than a fixed salary.
Comedy Central’s animated series “Everybody Still Hates Chris,” a reimagined version of Chris Rock’s original family sitcom, will premiere on September 25, 2024. The series, produced by CBS Studios and Chris Rock Enterprises, features the voices of original cast members and new actors, with Rock narrating as ‘Adult Chris.’
After weeks of deadly riots following a tax increase in Kenya, President William Ruto scrapped his proposed finance law. The government then planned to reintroduce some of the discarded tax hikes to raise funds for public debt payments. This situation highlights a broader debt crisis across Africa, exacerbated by global economic shocks and rising borrowing costs.
Maharashtra minister Deepak Kesarkar stated that his comments on the collapse of Chhatrapati Shivaji's statue were misconstrued and demanded the erection of a 100-foot structure at the same spot. The 35-foot statue, unveiled by PM Modi last year, collapsed recently, causing political controversy and leading the opposition to call for CM Eknath Shinde's resignation.
Indian Space Research Organisation (Isro) on August 16 launched EOS-08 carrying payloads featuring new technology developments in satellite mainframe systems on board a Small Satellite Launch Vehicle (SSLV) from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
Deputy Director General of RGI, Biswajit Das, said, “Keeping the purpose and intent of the Aadhaar Act in mind and following the view of the Solicitor General, the Unique Identification Authority of India is requested to issue Aadhaar to these affected persons in Assam.”
Champai Soren has resigned from Jharkhand Mukti Morcha and joined the BJP, citing issues of tribal rights and dissatisfaction with his former party. Allegations of police surveillance on Soren have been raised, prompting calls for a judicial investigation. Soren's move is framed as a bid to address serious concerns like Bangladeshi infiltration in Santhal Pargana, which he believes the BJP is better positioned to tackle.
India's northeastern states are witnessing an influx of drugs originating from Myanmar, linked to Chinese entities and insurgent groups like the Arakan Army. Recent seizures underscore the issue, with experts warning of the role of Chinese crime syndicates. Measures like sanctions and stricter regulations are suggested to counter this escalating drug trade.
Gyeongseong Creature Season 2 episode 1 release date on Netflix has been announced.
West Bengal Chief Minister Mamata Banerjee announced that student council elections in higher educational institutions will resume after the festive season. These elections have been on hold for years. The Leader of Opposition, Suvendu Adhikari, accused the government of delaying elections to suppress student dissent against the administration.
Prime Minister Narendra Modi chaired a PRAGATI meeting to review progress on seven major projects worth Rs 76,500 crore across 11 states. Modi highlighted the impact of project delays on public benefits and cost. He also reviewed AMRUT 2.0 and public grievances related to Jal Jeevan Mission, emphasizing water issues and urban governance reforms.
The Election Commission of India (ECI) issued a show cause notice to Haryana BJP president Mohan Lal and sought a response by 6 pm on August 29 over a post made by the party's official handle that used a child in its campaign video.
