For a long time, the world of the energy and automotive industries has been striving to find a solution to the high carbon emissions coming from these sectors. To make this possible, different scientists and specialists have set to work and searched for a solution to help reduce or neutralize the carbon of these industries. Now, a megaproject has been launched to turn on more than 52 billion solar panels. It seems to be science-fictional, but now has been confirmed.
Elon Musk took to X to lay out a bold timeline for human settlement on Mars. The posts came after Bill Ackman advocated for a health-conscious ad campaign.
This is like doomsday for me. I feel so much grief. Can you imagine what I’ve gone through watching my children dying?” says Amina.
Seven-month-old Bibi Hajira is the size of a newborn. Suffering from severe acute malnutrition, she occupies half a bed at aard in Jalalabad regional hospital Afghanistan’s eastern Nangarhar province.
“My children are dying because of poverty. All I can feed them is dry bread, and water that I warm up by keeping it out under the sun,” Amina says, nearly shouting in anguish.
What’s even more devastating is her story is far from unique - and that so many more lives could be saved with timely treatment.
The price for Gold stood at 6,742.61 Indian Rupees (INR) per gram, broadly stable compared with the INR 6,740.18 it cost on Friday.
The price for Gold was broadly steady at INR 78,643.81 per tola from INR 78,616.10 per tola on friday.
Unit measure Gold Price in INR
1 Gram 6,742.61
10 Grams 67,425.53
Tola 78,643.81
Troy Ounce 209,720.30
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs
Why do people invest in Gold?
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Who buys the most Gold?
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
How is Gold correlated with other assets?
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
What does the price of Gold depend on?
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up
The Republican candidate has managed to delay three of the four trials until after the election, despite facing 88 criminal charges in total.
Republican presidential candidate and former President Donald Trump’s criminal trials: where do they stand now?
The Republican candidate has managed to delay three of the four trials until after the election, despite facing 88 criminal charges in total.
AFP
Republican presidential nominee and former President Donald Trump speaks to the Fraternal Order of Police in Charlotte, N.C., on September 6, 2024.
Republican presidential nominee and former President Donald Trump speaks to the Fraternal Order of Police in Charlotte, N.C., on September 6, 2024. | Photo Credit: NELL REDMOND
The year 2024 was set to be a judicial minefield for Donald Trump, with some thinking the former president could be behind bars before the November 5 presidential election.
However, the Republican candidate has managed to delay three of the four trials until after the election, despite facing 88 criminal charges in total.
He pulled it off via an array of appeals and other tactics by his army of lawyers, including a broad immunity ruling by the US Supreme Court.
He was only found guilty in the least serious case, which involved falsifying business records to cover up hush money payments made to porn star Stormy Daniels.
The latest good news for Trump came Friday, when a judge officially delayed his sentencing in that case to November 26 -- weeks after the US presidential election.
Here’s an overview of how his legal woes look currently.
The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85.
The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist.
Bears have the 87.00 threshold on their sight.
The NZD/JPY pair has maintained its bearish stance, extending the selloff that started in Tuesday's session. Technical indicators strongly suggest that the bears have the upper hand, and the pair could continue to decline in the coming days.
The Relative Strength Index (RSI) has reached 36 and approaches the oversold threshold. However, after the pair shed more than 3% this week, the cross might consolidate in the next sessions, as bears might run out of steam.
The 20-day SMA at 0.6160 provides strong support against the selling pressure but a break below this level would open the door for further declines toward 0.610-0.6150. However, if the pair manages to hold the line, the 0.6200 could be retested.
Small Business Health Insurance in the United Kingdom: A Comprehensive Guide
If you're a small business owner in the United Kingdom, you may be wondering whether you should offer health insurance to your employees. While it's not a legal requirement in the UK, providing health insurance can help attract and retain top talent, increase employee satisfaction and productivity, and demonstrate that you value your employees' health and wellbeing.
In this guide, we'll cover everything you need to know about small business health insurance in the United Kingdom, from what it is and its benefits to how to choose the best policy for your business.
What is Small Business Health Insurance?
Small business health insurance, also known as group health insurance or corporate health insurance, is a type of health insurance policy that covers a group of people, usually employees of a business. This type of policy can cover a range of medical expenses, including doctor visits, hospital stays, prescription drugs, and more.
Benefits of Small Business Health Insurance in the United Kingdom
Offering small business health insurance to your employees can provide a range of benefits to both your business and your employees. Here are some of the key advantages:
Attract and retain top talent: By offering health insurance, you can make your business more attractive to potential employees and increase retention rates among current employees.
Increase employee satisfaction and productivity: When employees have access to health insurance, they are more likely to seek preventive care and address health issues early, which can improve overall health and wellbeing, reduce absenteeism, and increase productivity.
Demonstrate that you value your employees: Providing health insurance demonstrates that you care about your employees' health and wellbeing, which can help build a positive company culture and increase employee loyalty.
Factors to Consider When Choosing Small Business Health Insurance in the United Kingdom
When choosing a small business health insurance policy, there are several factors to consider, including:
Budget: How much can you afford to spend on health insurance? You'll want to balance the cost of the policy with the benefits it provides.
Coverage: What medical expenses are covered by the policy? Make sure the policy covers the services your employees are likely to need.
Network: Does the policy have a network of healthcare providers that your employees can access? Check to make sure the providers are convenient and of high quality.
Administration: How easy is it to administer the policy? Look for a policy with simple, straightforward processes for enrollment, claims, and payments.
How to Find the Best Small Business Health Insurance in the United Kingdom
To find the best small business health insurance policy for your business, you'll want to shop around and compare policies from different providers. Consider working with a broker or consultant who can help you navigate the options and choose the right policy for your needs. Make sure to read the policy documents carefully and ask any questions you may have before making a decision.
In conclusion, offering small business health insurance can provide a range of benefits to your business and your employees. By understanding what small business health insurance is, its benefits, and how to choose the right policy, you can make an informed decision that supports the health and wellbeing of your workforce.
Kundan Singh BY Stocks in focus in premarket trade on Friday, November 4. Please refresh for updates. PayPal, Carvana Fall Premarket; Starbucks, Hershey, Block Rise
PayPal (NASDAQ:PYPL) stock fell 6.5% after the payment processor cut its annual revenue forecast, warning of a bleak holiday quarter as consumers cut discretionary spending.
Starbucks (NASDAQ:SBUX) stock rose 5.1% after the coffee chain beat expectations for quarterly comparable sales and profits, targeting younger, wealthier customers to weather the coming recession.
Hershey's (NYSE:HSY) stock rose 1.3% after the candy maker raised its full-year net sales and profit forecasts, indicating it expects to continue its strong Halloween sales throughout the holiday season.
Block's (NYSE: SQUARE) stock gained 12% after the payments platform posted third-quarter revenue growth late Thursday, helped by growth from its online payments service Cash App.
Carvana (NYSE:CVNA) stock fell 12.2% after the online used-car seller was disappointed with its third-quarter results, citing weak demand for used cars following a surge of interest during the pandemic.
Atlassian (NASDAQ:TEAM) stock fell 26% after the software company reported slowing paid user growth and a disappointing outlook.
Funko (NASDAQ:FNKO) stock fell 40% after JPMorgan changed its investment stance on the toymaker from "overweight" to "neutral," citing disappointing earnings and an uncertain future.
WeWork (NYSE:WE) stock rose 8.5% after BTIG launched coverage on the provider of working spaces with a 'buy' rating, saying it offers opportunities in an uncertain work environment.
The US Federal Reserve is expected to raise its key interest rate by 75 basis points in its efforts to tame inflation, amid hopes that Fed Chair Jerome Powell will signal a slowing tightening of monetary policy at future meetings. ADP releases its estimate of private sector recruitment in October, a day after mixed reports on job openings from the Department of Labor. Europe's PMI continues to fall further in contraction territory as the world's largest shipping line warns the pandemic party is finally over. And Zhengzhou, home of the world's largest iPhone assembly line, is shutting down for a week, pouring cold water on a rumor of China's zero-COVID strategy. Here's what you need to know about the financial markets on Wednesday, November 2.
1. Fed Decision Day. Will the first signs of spindle come?
The Federal Reserve is set to raise the target range for the fed funds by 75 basis points to 3.25-4.00% when its two-day meeting ends at 14:00 ET (18:00 GMT).
That's almost all it takes, given recent guidance from Fed officials and a raft of data showing inflation dynamics, which are still too strong for comfort. However, recent signs of a slowdown, especially in interest-rate-sensitive sectors of the economy such as real estate, have encouraged hopes that Fed Chair Jerome Powell will talk about slowing the pace of tightening in his regular press conference. will be able to.
Treasury yields were supported on Tuesday after falling sharply on anticipation of the start of a 'pivot'. That rally in bonds created the risk that Powell -- who has been in constant flurry in recent months -- could again disappoint such hopes. As of 06:30, the benchmark 10-year Treasury note was trading at 4.06%, down from a high of 4.34% two weeks ago.
2. ADP October payrolls, challenger job cuts survey to shed more light on labor market
Markets will get a preview of labor market trends in October, two days before the government's payroll data is published, ahead of the Fed's decision. ADP's survey of private sector recruitment is expected to show a slight slowdown last month, with consensus forecast for a profit of 195,000, down from 208,000 in August.
The Labor Department's Tuesday Job Openings and Labor Turnover Survey showed a small but, nonetheless, clear decline in quitting continued, suggesting that finding good new jobs is getting harder and the desire to leave a bird in hand is weakening. has been The economy slows down.
The Challenger Job Cuts Survey is also scheduled to be released at 07:30 ET, while weekly data from the Mortgage Bankers Association will show mortgage rates are kept above 7% last week after breaking that level for the first time in 20 years or No.
3. Stocks ready to open flat while the market waits for the Fed; Insurers in focus after PRU hit
US stock markets are set to open flat, with the tech-heavy Nasdaq 100 reversing its underperformance after better-than-expected quarterly numbers from Uber (NYSE:UBER) on Tuesday.
As of 06:15 ET, the Dow Jones futures were effectively unchanged, while the S&P 500 futures were down 0.1%, and the Nasdaq 100 futures were up 0.3% after falling 0.9% on Tuesday.
Stocks to be in focus later include Advanced Micro Devices (NASDAQ:AMD), which in after-hours trading Tuesday after forecasting fourth-quarter revenue below consensus forecasts due to an apparent slowdown in PC sales and other gadgets. fell in. Prudential Financial (NYSE:PRU) is set to open under pressure even after being hit by rising interest rates. Rivals MetLife (NYSE:MET) and Allstate (NYSE:ALL) announced their earnings Wednesday after the bell.
CVS (NYSE: CVS), Humana (NYSE: HUM) and KFC owners Yum! Brands (NYSE:YUM) heads the list of early reporters, while Qualcomm (NASDAQ:QCOM), Booking (NASDAQ:BKNG), and lithium miner Albemarle (NYSE:ALB) top the list of late.
4. The Party Is Over (For Shipping Anyway)
The party has formally ended for the global shipping industry. Danish shipping giant AP Möller - Maersk (CSE: MAERSKb) warned overnight that global container demand will fall by up to 4% this year, as the pandemic's boom fades and world supply chains are brushing off their remaining wrinkles. gives. Maersk had previously estimated that volumes would remain at 2021 levels.
The slowdown in world trade is just one reason why Europe's export-heavy economy continues to weaken. The final purchasing manager indices across the region showed a sharp drop in new orders for Germany's manufacturing sector in October (although the German labor market needs workers as much as the minimum 8,000 increase in the seasonally-adjusted unemployment rate).
French, Spanish and Italian manufacturing joined their German counterparts in falling more deeply into the PMI contraction zone.
5. Oil slips as Zhengzhou lockdown provides zero-COVID reality check.
As of 06:30 ET, US crude futures were down 0.5% at $87.89 a barrel, while Brent futures were down 0.5% at $94.11 a barrel. The actual news flow regarding Chinese demand, if anything, has gone in the other direction: Earlier on Wednesday, city officials called the economy zone of Zhengzhou airport - for the world's largest iPhone assembly plant - a weeklong Closed due to a COVID outbreak.
Elsewhere in commodities, wheat prices reversed their gains on Monday after Russia re-joined a UN-sponsored deal on guaranteeing safe passage for exports.
BEIJING (Reuters) - China Evergreened New Energy Vehicle Group Ltd. has started deliveries of its Hengchi 5 electric vehicle, with the first 100 customers getting their cars on Saturday, it said on its official WeChat account.China's Evergrande delivers first electric vehicles
The company, a unit of heavily indebted property developer China Evergrande Group, began production of the vehicle last month at a plant in the northern city of Tianjin.
With plans to build one million vehicles by 2025, Evergrande is aiming to shift the group's primary business from real estate to the automobile enterprise over the next decade.
It has said that it will begin mass production of its second EV model in the first half of 2023 and the third in the latter half of next year.
The Hengchi 5 sport-utility vehicle sells for 179,000 yuan ($24,690.00).
($1 = 7.2499 Chinese Yuan Renminbi)
