Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value.. The $2.5 billion share offer was 112 percent subscribed by Tuesday afternoon, driven by corporate institutions, foreign funds and other large investors.
From NATO's secretary general to the Ukrainian president, the war in Ukraine dominates the publicly known names submitted by Tuesday's deadline for the 2023 Nobel Peace Prize.. Most of the names that have been publicly disclosed so far are involved in the nearly year-long conflict that has been raging in Ukraine, or opponents of Russian President Vladimir Putin.
Pope Francis embarks on his fifth visit to Africa on Tuesday, flying to the Democratic Republic of Congo and then South Sudan to plead for peace in the two violence-plagued nations.. He lamented "armed clashes and exploitation" in DR Congo, and said South Sudan, "wracked by years of war, longs for an end to the constant violence".
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.. In Pakistan, time is of the essence, with Nasir Iqbal from the Pakistan Institute of Development Economics warning the economy had already "virtually collapsed" due to mismanagement and political turmoil.
President Joe Biden said Monday the United States would not provide F-16 fighter jets to Ukraine, as Kyiv expands the list of weaponry it needs to be better able to drive Russian forces from occupied territories.. But Biden on Monday appeared to draw the line on supplying American fighter jets to Ukraine.
Bodies were still being pulled Tuesday from the wreckage of a mosque blast that targeted police officers in northwestern Pakistan, killing more than 80 people and wounding 150 more.. At least 20 of the slain police officers were later buried after a prayer ceremony, with coffins lined up in rows and draped in the Pakistan flag.
Memphis police said Monday a seventh officer has been suspended over the fatal beating of Tyre Nichols, a young Black man whose death shocked the United States and has seen five officers fired and charged with murder.. Last week the five now former officers were charged with second-degree murder over the beating.
EMBARGOED. HOLD HOLD HOLD. TO MOVE AT 8:37 PM MONDAY WASH TIME. Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.. Stubborn inflation could also prompt further tightening by central banks and hold back business activity as borrowing costs rise.
Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.. The fourth-quarter drop is the second consecutive margin squeeze for Samsung, which saw a 31 percent fall in operating profits in the third quarter year-on-year.
The UN humanitarian chief said Monday he has pleaded with the Taliban to let women participate in a massive effort to support desperate Afghans struggling to survive a "savage" winter.. "Last winter, we managed to survive.
