Stories for you

  • BusinessReuters

    Indian lenders to appeal cenbank's tough project finance proposal, sources say

    Indian lenders will appeal against a central bank proposal to tighten rules for infrastructure project loans, according to a banker and a source familiar with the matter. The Indian Banks Association (IBA) is gathering inputs and will write to the central bank, opposing the imposition of higher provisions for under-construction projects, they said. The provisioning requirement looks a little high, said S.L. Jain, chief executive officer of government-owned Indian Bank.

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  • NewsAFP News

    Macron hosts Xi in French mountains to talk Ukraine, trade

    French President Emmanuel Macron on Tuesday hosted Chinese leader Xi Jinping for a high altitude lunch at a childhood haunt in the Pyrenees mountains, pressing a message to Beijing not to support Russia's war against Ukraine and to accept fairer trade.Xi, who is due to host Russian President Vladimir Putin in China later this month, warned against using the Ukraine crisis "to cast blame, smear a third country and incite a new Cold War".

    4-min read
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  • NewsAFP News

    Israeli tanks roll into Rafah as army seizes key Gaza crossing

    Israel sent tanks into Rafah in southern Gaza, seizing control of the border crossing with Egypt Tuesday, an operation the UN said denied it access to the key humanitarian passage.UN humanitarian office spokesman Jens Laerke said Israel had denied it access to both Rafah and Kerem Shalom -- the other main Gaza aid crossing, on the border with Israel -- with only "one day of fuel available" inside the besieged territory.

    5-min read
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  • NewsReuters

    AI lacks judgement to set interest rates, Singapore central bank head says

    Artificial intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on Monday. But AI could make it easier for criminals to launch cyber attacks, said Chia Der Jiun, managing director of Singapore's central bank. He said AI was being used in some economic models and in areas such as fraud detection, but stressed it was not at a stage where it could "supplant human judgement".

    1-min read
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  • ScienceAFP News

    Boeing Starliner crewed mission postponed until at least Friday

    The first crewed launch of Boeing's Starliner spaceship will have to wait until at least Friday to give ground teams time to analyze a malfunctioning rocket valve, pushing back a high-stakes test trip to the International Space Station."The team needs additional time to complete a full assessment, so we are targeting the next launch attempt no earlier than Friday, May 10," ULA, a Boeing-Lockheed Martin joint venture, said in a statement.

    4-min read
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  • LifestyleHuffPost

    3 Lessons That Elevated Me As A Woman CEO In Tech

    What Sheila Lirio Marcelo perceived as a vulnerability ended up being her superpower.

    7-min read
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  • NewsAFP News

    French ambassador attends Putin inauguration day after summons: France

    France's ambassador to Moscow on Tuesday represented Paris at the inauguration of President Vladimir Putin for a fifth term, a day after the envoy was summoned to the Russian foreign ministry in a move France denounced as intimidation.Russia had on Monday summoned the ambassador to the foreign ministry in Moscow to denounce what it described as the "provocative" policies of President Emmanuel Macron.

    2-min read
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