rupee news: Rupee faces further losses after series of lows, says StanChart

The Indian rupee tested a series of record lows in recent weeks and Standard Chartered Plc. foresees more losses for the currency in the coming months. “The main two factors that are building up that can weaken the rupee are mainly on the worsening trade and capital flow dynamics,” Parul Mittal Sinha, head of India … Read more

Boris Johnson faces claim he knew about earlier investigation into Chris Pincher

Boris Johnson on Tuesday faced explosive allegations that Number 10 did not tell the truth over what the UK prime minister knew about inappropriate behaviour by the disgraced former Tory deputy chief whip Chris Pincher. Lord Simon McDonald, former permanent secretary at the Foreign Office, wrote on Tuesday that Pincher was subject to a formal … Read more

UK faces ‘first national train drivers’ strike in 25 years

The head of the UK train drivers’ union has warned of “massive” disruption this summer as his members vote on their first national strike since 1995, with walkouts over pay set to compound Britain’s travel chaos. The ballot on industrial action from Aslef, which represents drivers, coincides with a similar vote by staff in stations … Read more

Tesla Faces New Lawsuit Alleging Racial Abuse Against Black Workers

New You can now listen to Insurance Journal articles! Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. The workers said they were subjected to offensive racist comments and behavior by colleagues, managers, and … Read more

India faces heat at WTO over wheat export ban

India’s wheat export ban and usage of the peace clause to protect its food programmes against action from trade disputes have come under fire at the World Trade Organisation (WTO). The US, Japan, Canada and Thailand have questioned both these measures and, along with Uruguay, requested consultations with India on the usage of the peace … Read more

G-7 Idea for Russian Oil-Price Cap Is Beloved by Economists But Faces a Harsh Reality

Breadcrumb Trail Links PMN Business The intellectual thrill of trying to figure out how to cut Russia’s energy revenue has animated the likes of Janet Yellen and Mario Draghi given their background as powerhouses in the field of economics. But politicians are likely to quietly abandon the concept after agreeing to explore it. Author of … Read more

Russian Industry Faces Code Crisis as Critical Software Pulled

(Bloomberg) — Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Vladimir Putin’s invasion of Ukraine. Most Read from Bloomberg International sanctions and tensions over the war … Read more

Size of India’s gig economy, the challenges it faces and possible remedies

Gig employees are the ubiquitous new workforce. They are the ones that get us the meals we ordered online, transport us from home to office or wherever, and generally render a host of services that go unnoticed. While their tribe is growing by leaps and bounds, many of the challenges they … Read more

Johnson faces backlash over ambition to stay in power until 2030s

Boris Johnson faced a backlash from Conservative MPs on Sunday after declaring he wants to carry on as prime minister into the 2030s. Speaking in Rwanda at a Commonwealth heads of government summit, Johnson said on Saturday he was “thinking actively” about the third term of his government. Asked if he wanted to serve a … Read more

Finance of America CEO to retire as the company faces market-driven challenges

Changes in the top leadership ranks come at a challenging time for the company. It recently released its results for the first quarter ended March 31, posting a net loss of $64 million. Net loss includes negative changes in fair value of $96 million, predominantly due to model assumption updates to account for widening spreads, … Read more