Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. - A + A KYIV (Aug 9): Russia unleashed ground forces, air strikes and artillery as it pressed ahead with a grinding offensive designed to complete its capture of eastern Ukraine, but Kyiv said its troops were putting up fierce resistance and holding the line. Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. "The situation in the region is tense — shelling is constant throughout the front line ... The enemy is also using air strikes a great deal," Pavlo Kyrylenko, governor of the Donetsk region, one of two that makes up Donbas, told Ukrainian … [Read more...] about Moscow steps up assault in eastern Ukraine as Kyiv calls for ‘ban’ on Russians
Britishers first factory in eastern india
The United States formally established diplomatic ties with Beijing in 1979. When the US moved to recognize the People’s Republic of China (PRC) and de-recognize the Republic of China (ROC), it held that the PRC was and is the only China. The US, however, did not recognize Chinese sovereignty over Taiwan. (Image: News18 creative) Why would China risk direct confrontation with the United States, its second-biggest trade partner and a primary source of new technology, over the Taiwan issue? There are historical, emotional, and political reasons behind Beijing’s obsessive desire to take Taiwan. But an equally important reason is semiconductors, the power behind dozens of tech products from the humble mobile phone to missile systems. (image) China produces just about 5% of the world’s semiconductor chips, and the US makes an equal amount. It is... … [Read more...] about The Eastern Window: A semiconductor crisis in the offing?
Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
BIDEN DEEPLY UNPOPULAR WITH VOTERS… WSJ: Biden, Democrats Lose Ground on Key Issues, WSJ Poll Finds WASHINGTON—President Biden and his fellow Democrats have lost ground to Republicans on several of the issues most important to voters, a new Wall Street Journal poll finds, a troubling sign for the party seeking to extend its controlling majority of Congress for another two years. The new survey showed that 57% of voters remained unhappy with Mr. Biden’s job performance, despite favorable marks for the president’s response to the Russian invasion of Ukraine and a recent State of the Union speech, which provided him an opportunity to directly speak to millions of Americans. Just 42% said they approved of Mr. Biden’s performance in office, which was virtually unchanged from the previous Journal poll in mid-November. Meanwhile, Democratic advantages narrowed over Republicans on issues related to improving education and the Covid-19 response. A 16-percentage-point Democratic edge … [Read more...] about Editor Daily Rundown: Joe Biden Deeply Unpopular With Voters
- A + A KUALA LUMPUR (Aug 9): The Federal Court has ruled that road accident victims should be automatically compensated without having to sue insurance companies, according to a report by Free Malaysia Today . In delivering the landmark ruling, Federal Court judge Datuk Abdul Rahman Sebli said the provisions of the Road Transport Act 1987 should be construed to protect all motorists, including victims of road accidents. He also said that Parliament's intention in enacting the law was to protect innocent third-party road users. According to the news portal, Rahman said this in a 140-page judgement on a decision delivered by a three-member bench he led last week — the two other judges were Datuk Seri Hasnah Mohammed Hashim and Datuk Rhodzariah Bujang — that allowed the appeals of eight motorists, seven of whom were injured in motor accidents. Five of the appeals involved Pacific & Orient Insurance Co Ltd, Amgeneral Insurance Bhd, Allianz General Insurance … [Read more...] about Landmark: Fed Court rules that crash victims should be automatically compensated