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Paraguay's ousted president faces prosecutors after his removal over bank collapse
Santiago Pena was removed from office by Congress following a bank failure affecting nearly three million customers. Prosecutors ordered his arrest for alleged breach of trust and other offenses related to Ueno Bank's collapse. His successor, Vice President Pedro Alliana, began forming a new Cabinet to address the situation. Public protests demanding accountability and access to frozen funds escalated significantly in response.
France braces for protests on Saturday as Yellow Vests urge 'mass disobedience'
French unions, student groups, and the Yellow Vests movement are preparing for protests in Paris on Saturday. The protests aim to address the increasing cost of living while demanding improvements in wages and living conditions. Authorities are set to deploy 70,000 police officers to manage the demonstrations, which follow recent unrest. The protests will also focus on issues impacting young people and pensioners across the nation.
Agnipath reset puts age, talent & pension goals to test
Agnipath, introduced in 2022, aimed to reform military recruitment by allowing soldiers to serve for four years. Recent changes now allow all Agniveers to retain permanent service after their tenure. This shift could affect the average age of soldiers, previously intended to decrease. The decision may also impact the annual pension bill and the creation of trained ex-soldiers for civilian roles.
Mass protests sweep France as huge crowds demand higher wages, back students' demands
France witnessed a wave of protests advocating for increased wages and student rights, drawing attention from both unions and political leaders. The Interior Ministry estimates around 600,000 participants, while unions claim nearly 1.6 million people took part in these demonstrations. Disruptions in schools and public transport were rampant, as blockades and strikes organized by students and workers unfolded.
Paraguayan president Santiago Pena impeached minutes after resigning following bank collapse
The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asuncion.
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
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Hundreds of thousands strike across France for higher wages and to back students
The Paris march began peacefully on Thursday afternoon at Place de la Republique. The large crowd included many students carrying signs reading, "Inequalities seriously jeopardize our future" and "We can't spend our whole lives just trying to make a living." They were joined by workers and retirees demanding higher wages and pensions.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
Lindt investors seek board shake-up at chocolate maker after CEO ouster: Report
Influential investors of Lindt & Spruengli are calling for changes in the board following the CEO's ousting. The company faced significant pricing missteps that negatively affected the stock value and market share. Shareholders expressed concerns regarding the current board's effectiveness and the need for fresh perspectives. While the search for a new CEO is underway, governance issues persist that require attention.
Lighthouse Learning in talks to acquire Hyderabad's Kennedy School
Lighthouse Learning Group, previously EuroKids International, is negotiating to acquire Kennedy High and Meru International School. These acquisitions, valued at Rs 400 crore each, are expected to finalize in the coming weeks. The company aims to expand its network of K-12 schools to 100 over the next few years. Lighthouse Learning has undertaken several acquisitions since 2021 to grow its education portfolio.
Bengal CM announces Rs 5,000 aid for 19,524 tea garden workers ahead of Diwali
West Bengal Chief Minister Suvendu Adhikari announced financial assistance of Rs 5,000 for tea garden workers. The government is considering increasing rice allocation from 35 kg to 50 kg for these workers. Adhikari emphasized the commitment to reopen closed tea gardens for better employment opportunities. He also mentioned upcoming employment benefits under the Pradhan Mantri Chaa Shramik Yojana for eligible workers.
Most wanted stocks 2026: 6 stocks mutual funds are buying even as markets slump
Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.
Gen Z protests reach Germany as thousands join Halloween rallies
Thousands of young people in Germany joined demonstrations to demand better education and lower living costs. Instigated by a movement called 'Gen Z regelt', protests took place in 34 cities, including Berlin and Munich. While participation was lower than expected, concerns about potential unrest arose due to extremist group involvement. The protests highlight economic pressures faced by younger generations amid an aging population and shrinking workforce.
Elon Musk says saving for retirement may become pointless. How AI and robots could change the future of money
Elon Musk envisions a future where breakthroughs in artificial intelligence lead to a surplus of goods and services. He suggests that, as a result, the concept of money could diminish in importance. Musk points out that saving for retirement may become obsolete as automation in production decreases costs and enhances availability, indicating that traditional retirement plans might soon be outdated.
Gen Z protests reach Germany as over 160,000 expected at Halloween rallies
Over 160,000 individuals are anticipated to participate in protests across 34 cities in Germany on Saturday. Organised by Gen Z regelt, the movement underscores the struggles of younger generations with rising living costs and education quality. Authorities expect the protests to remain largely peaceful but are concerned about potential extremist involvement. The demonstrations coincide with Halloween festivities, raising caution among local businesses in major cities.
Adani Ports makes $3.3 billion play for Evos Terminals
Adani Ports has submitted a binding $3.3 billion bid for Evos Terminals, a European liquid-storage operator with eight terminals across five countries, as it looks to expand overseas and build exposure to energy-transition infrastructure. The move follows APSEZ’s unsuccessful bid for Associated British Ports and reflects a broader push into global ports, container assets and liquid terminals.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
US-friendly nations slash treasury purchases by 60%, led by Asia
In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.
What time is UK budget today and where to watch it? Will income tax rise, fuel prices increase and pensioners get relief in John Healey’s big announcement?
When will UK budget be announced? UK Chancellor John Healey will deliver his first Budget today, with the key announcements expected on income tax, fuel duty, pension payments and household energy bills. John Healey is set to deliver his first Budget this afternoon, with the chancellor expected to outline the proposals at approximately 12.30pm.
Silver rate has fallen 50% from its record-high January rate; should you buy now or wait?
Silver prices have witnessed a sharp decline in the Multi Commodity Exchange, resulting in considerable losses for investors. Experts believe that a price recovery may occur within the next 12 to 18 months. New investors are advised to adopt a gradual buying strategy, while existing investors should hold steady and resist the urge to sell in haste.
Paras Healthcare shares to list today: Check GMP ahead of debut
The Rs 1,450-crore IPO comprised a fresh issue of 72.15 lakh shares worth Rs 500 crore and an offer for sale (OFS) of 1.37 crore shares aggregating to Rs 950 crore. The company fixed the price band at Rs 660–693 per share, with a lot size of 21 shares. At the upper end of the price band, retail investors applying for one lot were required to invest a minimum of Rs 14,553.
Brazil's Flavio Bolsonaro and family will get US visas after election loss, State Department says
The US State Department has agreed to issue visas to Brazilian senator Flavio Bolsonaro and his family following his election defeat to incumbent President Luiz Inacio Lula da Silva. The development comes as Bolsonaro faces investigations into alleged corruption, money laundering and tax evasion, while questions remain over his whereabouts and whether he has complied with a court order to surrender his passports.
India to remain top of the Asian pie for Advent
Advent International has successfully raised $30 billion for its global buyout and mid-market funds. The firm plans to invest significantly in India, expecting healthy GDP growth in the country. With recent investments including Yatharth Hospitals and Aditya Birla Housing Finance, Advent remains confident in the Indian market potential. The new fund is set to target various sectors including healthcare, technology services, and industrials.
PhonePe rolls out NPS account opening with Rs 250 contribution, no fresh KYC
PhonePe has introduced a digital process for users to open National Pension System accounts. This new facility allows an initial contribution of Rs 250 without needing to upload documents. Users can verify their linked bank accounts using OTPs and make payments through PhonePe UPI. The service is aimed at individuals looking to start retirement planning easily and flexibly. Future expansions will include additional banking partners to enhance accessibility.
British investor Baillie Gifford fund marks down Dailyhunt parent amid revenue pressures
The Schiehallion Fund pegged the fair value of its 1.3% holding in VerSe Innovation at $7.47 million, according to its portfolio disclosures reviewed by ET, implying a total company valuation of roughly $576 million.
NPS subscribers are less swayed by short-term market movements now, says Axis Pension Fund CEO Sumit Shukla
Axis Pension Fund intends to enhance its National Pension System offerings to provide better retirement savings options. The introduction of NPS Swasthya addresses the health insurance needs for older customers effectively. Despite tax benefits, low awareness continues to hinder corporate NPS uptake among employees. Further clarity on Tier-II NPS account taxation and extended tax deductions could encourage broader participation.
Canada CPP and OAS payments October 28: Pension set to rise by $40.71 a month in 2027. How much would you get?
Starting October 28, eligible Canadians can expect their Canada Pension Plan and Old Age Security payments. The amounts will depend on factors like age, income, and previous contributions. For seniors 75 and older, benefits will see an uptick compared to those aged 65 to 74. An estimated 2.7% increase would add $40.71 a month to the maximum CPP pension at 65.
"Nothing to fear": Top bureaucrat says IDBI staff, pensioners' service conditions won't change after Fairfax deal
The DIPAM secretary's assurance comes as IDBI Bank employees oppose the government’s divestment plan and have called for a strike across the lender’s branches in early November. The United Forum of Bank Unions has also extended support to the proposed strike.
No additional EPS contribution by government on higher wage ceiling of Rs 25,000; know what it means for your pension
EPS pension: In a recent notification, the central government confirmed that the Employees' Pension Scheme contribution will remain at the current cap of Rs 15,000, despite announcing a new wage ceiling of Rs 25,000. This choice reflects findings from earlier actuarial evaluations pointing to a potential funding shortfall. Additionally, the government has promised supplementary budgetary support to ensure current pension payouts, although sustainability concerns have been voiced in Parliament.
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