Sunday, August 16
U.S. Treasury Secretary Scott Bessent has told Reuters that additional U.S. sanctions on Venezuela could be lifted as soon as next week to facilitate oil sales, and that he will also meet next week with the heads of the International Monetary Fund and World Bank on their re-engagement with Venezuela. Bessent said in an interview late on Friday that almost $5 billion worth of Venezuela's currently frozen IMF Special Drawing Rights monetary assets could be deployed to help rebuild the country's economy. "We're de-sanctioning the oil that's going to be sold," Bessent said during a visit to a Winnebago Industries engineering facility. The Treasury was examining changes that would facilitate the repatriation of sale proceeds of the oil stored largely on ships back to Venezuela. "H
Thousands of people marched in Minneapolis on Saturday to protest the fatal shooting of a woman by a federal immigration officer there and the shooting of two people in Portland, Oregon. Minnesota leaders urged demonstrators to remain peaceful. The protest was one of hundreds planned for towns and cities across the country over the weekend. It came in a city on edge since the killing of Renee Good on Wednesday by an Immigration and Customs Enforcement officer. "We're all living in fear right now," said Meghan Moore, a mother of two from Minneapolis who joined the protest. "ICE is creating an environment where nobody feels safe and that's unacceptable." On Friday night, a protest outside a Minneapolis hotel that attracted about 1,000 people turned violent as demonstrators threw ice, snow an
At least 192 protesters have been killed in Iran's biggest movement against the Islamic republic in more than three years, a rights group said Sunday, as warnings grew that authorities were committing a "massacre" to quell the demonstrations.The protests, initially sparked by anger over the rising cost of living, have now become a movement against the theocratic system in place in Iran since the 1979 revolution and have already lasted two weeks.The mass rallies are one of the biggest challenges to the rule of supreme leader Ayatollah Ali Khamenei, 86, coming in the wake of Israel's 12-day war against the Islamic republic in June, which was backed by the United States. Also Read: Iranian president vows to listen to protesters but warns against riotersProtests have swelled in recent days de
BENGALURU: Space tech startups are ramping up hiring across engineering, research and development (R&D), manufacturing and operations, driven by increasing government demand, private investment and commercial deployments, as India’s push to become a major player in the sector takes flight.Firms including Digantara, Skyroot Aerospace, InspeCity Space Labs, Dhruva Space, Astrome Technologies, Agnikul Cosmos, Garuda Aerospace, SatSure, Pixxel, Bellatrix Aerospace and Catalyx are increeasing their headcount, according to industry executives and search firms. Hiring momentum has picked up as space-based surveillance and early-warning programmes move from pilot projects to long-term contracts and round-the-clock operations. A booming satellite industry, declining launch costs and advances
IT services company HCL Technologies is expected to deliver a strong top-line performance in the December quarter, aided by seasonality in products and ER&D services, currency tailwinds, and ramp-up of large deal wins. An average of five brokerages estimates revenue growth of about 12% year-on-year, while profit after tax (PAT) is seen growing around 5% YoY, reflecting margin recovery tempered by restructuring costs and wage hikes.Brokerages expect quarter-on-quarter revenue growth of 4–5%, placing HCL Tech among the faster-growing large-cap IT services peers for the quarter.Revenue: Seasonality and deal ramp-ups drive growthYES Securities estimates Q3 revenue at about Rs 33400 crore, implying 11.8% YoY and 4.6% QoQ growth. In constant currency terms, growth is projected at 3% QoQ, s
