Author: News Desk

With violence surging across Haiti, the United Nations Children’s Fund (UNICEF) said on Sunday that almost half of the gangs which control the vast majority of the capital are made up of children, and the recruitment of children has seen a 70% increase over the past year.

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | Afp | Getty Images A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, one of the world’s richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million…

Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images India’s antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed. The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match. These elements should have been redacted. The CCI had…

Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Winning week for markets Major U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. Europe’s regional Stoxx 600 advanced 1.18%. The banking index, which lost 2%,…

UNFCCC Executive Secretary Simon Stiell speaks in the early hours at the conclusion of the UNFCCC COP29 Climate Conference on November 24, 2024 in Baku, Azerbaijan. Sean Gallup | Getty Images News | Getty Images Ambitious climate action often requires ambitious financing — be it a clean energy transition project or helping developing countries mitigate the effects of natural disasters. But as extreme weather becomes more the norm and temperatures rise across the planet, what is supposed to be a critical year for funding mitigation efforts has instead turned out to be an especially frustrating one. Nearly 50,000 people from 200 countries…

Sydney city skyline, New South Wales, Australia. Education Images | Universal Images Group | Getty Images Asia-Pacific markets mostly rose Monday, with investors awaiting a slew of economic data this week including China industrial data and India’s third-quarter GDP numbers. Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month. Should this forecast prove correct, this will be Singapore’s lowest rate of inflation since March 2021. Other economic data this week include South Korea central bank’s rate decision…

China on Monday kept its medium-term lending rate steady, as the country’s central bank seeks to stabilize the yuan which has come under pressure following Donald Trump’s victory in the U.S. presidential election. The People’s Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank’s official statement. “It is a well-expected move, given that the market liquidity [has] remained ample,” said Bruce Pang, chief economist and head of Research, Greater China at JLL, citing PBOC’s move in October that…

Pipeline operator ONEOK said on Sunday it would buy the remaining shares of peer EnLink Midstream, for $4.3 billion in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the U.S. energy sector. In August, ONEOK acquired a 43% controlling interest in Enlink, which has a solid presence in the Permian basin, from Global Infrastructure Partners for about $3.3 billion in cash. ONEOK said it will offer 0.1412 shares of its common stock for each EnLink unit. The deal values Enlink at about $7.6 billion, while the stake purchase would be at a premium of about 5% to…

The decision caps a weekend during which the country’s two largest parties announced their candidates for an election that will decide the successor to incumbent President Andrzej Duda, whose second and final term ends in August 2025. Poland’s conservative Law and Justice party, which is trying to regain momentum after losing power last year, has chosen historian Karol Nawrocki as its candidate for next year’s presidential election. The decision caps a weekend during which the country’s two largest parties announced their candidates for an election that will decide the successor to incumbent President Andrzej Duda, whose second and final…

The round-the-clock protests in Tbilisi follow the 26 October elections that kept the governing pro-Russian Georgian Dream party in power. Opponents say the vote was rigged and suspect neighbouring Russia of election interference.