Maharashtra is set to experience fiscal challenges in FY 2025 due to commitments made by the BJP-led Mahayuti alliance following their recent electoral victory. The alliance plans to increase monthly financial assistance to women from Rs 1,500 to Rs 2,100, which could add an estimated Rs 5,600 crore to state expenses by March 2025, potentially pushing the fiscal deficit beyond the 2.6% GSDP target.
MTU Aero Engines AG is a leading manufacturer of modules and components for civil and military aircraft engines, with a strong focus on maintenance, repair, and overhaul services, which account for 77.2% of its sales. The company generates 67.1% of its revenue from North America, with additional sales from Germany (12.5%), Europe (7.5%), Asia (7%), and other regions (5.9%).
07:14 26.11.2024
Biorithm, a Singapore-based startup, is developing Femom, a home-use device that allows women to monitor their pregnancy by tracking maternal and fetal heart rates. This innovation aims to empower women with accessible care, addressing the high rates of maternal and infant mortality, particularly in lower-income countries. With recent funding of $3.5 million, Biorithm plans to expand its technology in the U.S. and Southeast Asia, highlighting a shift in the funding landscape for women's health initiatives.
Marina Bay Sands Pte is seeking to secure a loan of up to S$12 billion ($8.9 billion) to fund its casino resort expansion in Singapore, which would mark the largest financing deal in the city-state's history. DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp., and United Overseas Bank Ltd. are coordinating the loan arrangements.
Adani Group faces escalating challenges as U.S. authorities indict its founder on bribery and fraud charges, leading to a significant selloff in its stocks and bonds. Major partners, including TotalEnergies and the Kenyan government, have halted investments, while the U.S. International Development Finance Corp reviews its agreements with the conglomerate. The situation has prompted scrutiny from Indian regulators and calls for further investigation into the group's financial practices.
UBS is poised to enhance its position in the Chinese securities market by acquiring the 33 percent stake in UBS Securities currently held by Beijing State-owned Asset Management for approximately $207 million. This move will give UBS full control of the joint venture, following its recent divestment of a stake in Credit Suisse Securities (China). However, UBS's deepening ties in China raise concerns amid ongoing geopolitical tensions, particularly due to investments in companies on the U.S. sanctions list.
Japanese Prime Minister Shigeru Ishiba urged companies to continue increasing wages in response to rising living costs and to support stable inflation and economic growth. Following discussions with labor union and business leaders, he emphasized the need for substantial wage increases in next year's negotiations, building on this year's record-high average wage deals.
Traders experienced a sense of déjà vu as Donald Trump's latest tariff threats triggered a surge in the dollar, prompting a flurry of activity in the markets. Nick Twidale, a seasoned currency trader, noted the potential for profit over the next four years, having already capitalized on short positions against the Mexican peso and Australian dollar.
The U.S. Healthcare Staffing Market is projected to grow from USD 22.5 billion in 2023 to USD 34.7 billion by 2031, at a CAGR of 5.66%. This growth is driven by changing consumer preferences, technological advancements, and a focus on sustainability, with key segments including travel nurse staffing and allied healthcare staffing. Major players in the industry include AMN Healthcare, Maxim Healthcare Group, and Aya Healthcare, among others.
From December 22, 2024, consultation fees for general practitioners and specialists in France will increase from €26.50 to €30, following a prior rise in November 2023. This change comes with a reduction in Social Security reimbursement from 70% to 65%, leading to potential 10% hikes in mutual health insurance premiums in 2025. Patients are encouraged to compare health insurance offers annually to find the best rates.
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