Close Menu
    Monday, September 14

    PR Newswire

    India commits 84084 crore rupees to offshore energy security

    The financial framework allocates capital across four principal program pillars to transform the upstream petroleum landscape. According to official disclosures issued by the Prime Minister’s Office, the government designated 28,534 crore rupees specifically for offshore seismic data acquisition, processing, and high-resolution interpretation. This data segment includes 12,000 crore rupees for basin-wide two-dimensional seismic surveys, 12,534 crore rupees for three-dimensional seismic coverage, and 4,000 crore rupees to modernize the National Data Repository using artificial intelligence tools. The structured allocation ensures comprehensive mapping of unexplored frontier basins and erstwhile restricted maritime zones across the eastern and western sea boards.

    Canadian economy grew 0.3% in May report

    The monthly economic expansion was led primarily by a 1.0 per cent rise in the mining, quarrying, and oil and gas extraction sector, marking its second straight month of sector-wide growth. Increased production across Alberta bitumen sites and deferred routine spring maintenance enabled higher crude oil extraction volumes throughout May. Support activities for oil and gas extraction surged by 9.8 per cent, recording its seventh consecutive monthly expansion. Additionally, transportation and warehousing output grew by 0.3 per cent, supported by increased pipeline throughput carrying natural gas to export markets and higher domestic freight movements.

    Apple market cap reaches 4.94 trillion to top Nvidia

    The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs.

    Gold prices fall on strong dollar ahead of central bank meeting

    Precious metal values declined during Tuesday trading sessions as a stronger United States dollar increased purchasing costs for international buyers while financial institutions awaited the outcome of a critical central bank meeting. Official market reports published by Emirates News Agency confirmed that gold slips as firm dollar weighs; focus turns to Fed meeting perspectives across global commodity exchanges. Spot gold values retreated 0.7 percent to reach $4,045.89 per ounce following a brief advance of up to 1 percent recorded during Monday sessions. United States gold futures contracts for August delivery experienced a downward adjustment of 0.8 percent to settle at $4,046.20 per ounce. Concurrently, broader precious metals experienced downward pressure as spot silver declined 2 percent to $57.23 per ounce, platinum dropped 0.9 percent to $1,605.93, and palladium slid 1.6 percent to $1,270.97.

    Porsche to cut 5000 more jobs under restructuring plan

    The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.

    Senate crypto bill faces pushback over conflict of interest rules

    Ethics watchdogs and legal experts called on Congress on Monday to institute strict anti-corruption provisions in pending cryptocurrency legislation, warning that lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act entirely. In a joint statement, nonpartisan advocacy group Democracy Defenders Action and civil society organization Transparency International U.S. criticized the ethics text contained within the Digital Asset Market Clarity Act. The organizations argued that the current statutory framework fails to protect the integrity of the digital asset marketplace, American consumers, and the national economy from self-dealing by public officials.

    Latest News

    Apple iPhone Duo debuts with dual screens and A20 Pro

    The iPhone Duo uses a book-style design with a precision hinge built from more than 100 components. Apple uses grade 5 titanium for the enclosure and Ceramic Shield materials on the exterior surfaces. The company gives the handset an IP68 rating for splash, water and dust resistance. Its inner display includes a nano-texture finish designed to reduce glare and reflections. Both displays support ProMotion, Always On features and peak outdoor brightness of 3,000 nits.

    Apple launches iPhone 18 Pro with A20 Pro and Siri AI

    The iPhone 18 Pro camera system adds four selectable aperture settings to control lighting and depth of field. Its main camera supports apertures of f/1.48, f/1.8, f/2.8 and f/4.0. The system also includes 48-megapixel Ultra Wide and Telephoto cameras. New Pro controls allow adjustments to aperture, shutter speed and white balance inside the Camera app. Users can also view a histogram while composing photos or videos.

    UAE President opens Germany state visit with Berlin talks

    The UAE president traveled with a senior delegation covering foreign affairs, trade, industry, defence, national security and advanced technology. It includes Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and Industry and Advanced Technology Minister Sultan Al Jaber. Foreign Trade Minister Thani Al Zeyoudi and Minister of State Lana Nusseibeh are also part of the delegation. Several presidential advisers and other senior UAE officials accompanied Sheikh Mohamed to Berlin.

    Gold stays above $4,400 before US inflation releases

    Gold prices edged higher on Thursday as a softer U.S. dollar supported bullion before fresh U.S. inflation data. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The early gain kept spot gold above $4,400 after a sharp reversal during Wednesday’s trading. Gold had initially moved lower before finishing that session more than 1% higher.