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India's parliament suspended temporarily after row over allegations against Adani group

Both houses of Indian parliament were suspended temporarily on Thursday within minutes of opening as opposition lawmakers disrupted proceedings for the third day this week seeking a discussion on allegations against the Adani Group. U.S. authorities have accused Gautam Adani, his nephew Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

Reuters 6 minutes ago

ADANIPOWER.NS

Nissan October production down globally except in Mexico, but Trump tariff threat looms

Nissan Motor said on Thursday its global production fell for a fifth straight month in October, led by downshifts at most of its manufacturing hubs except for Mexico. While global sales also dropped for a seventh month, sales in Nissan's core market, the United States, grew for the first time in three months. Nissan earlier this month announced plans to axe 9,000 jobs and 20% of its manufacturing capacity globally to cut costs, after the third-biggest Japanese carmaker behind Toyota and Honda suffered sales slumps in China and the U.S.

Analysis-Britain charts tricky trade course as Trump threatens tariffs

Britain will aim to convince Donald Trump its services-dominated trade with the United States should escape the worst of tariffs even as it cautiously repairs ties with the European Union and nurtures commercial links with China. Trump has floated blanket tariffs of 10% to 20% on virtually all imports when he returns to the White House in January and this week pledged big tariffs on Canada, Mexico and China too.

Korea Braces for Trump’s Tariff Impact With Surprise Rate Cut

(Bloomberg) -- The Bank of Korea ramped up its support for the economy with a surprise interest rate cut as Governor Rhee Chang-yong sounded the alarm over the potential impact of Donald Trump’s return to power on global trade.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the Fi

Bitcoin Gets Boost as Crypto Supporters Vie to Head US Regulators

(Bloomberg) -- Bitcoin resumed a climb toward $100,000 on signs that crypto-friendly candidates will likely shape US financial rules under Donald Trump.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThe digital asset rose the most in more than two weeks on Wednesday to h

Hedge Funds Pile Into Japan’s $165 Billion Real Estate Trade

(Bloomberg) -- Global hedge funds and private equity firms are gravitating toward Japanese companies in a bid to unlock as much as ¥25 trillion ($165 billion) in undervalued real estate. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThe hidden value of property on corpo

Chinese Stocks Lead Losses in Asia, Bonds Rise: Markets Wrap

(Bloomberg) -- Equities in China underperformed the region on Thursday as traders awaited signals of further stimulus from policymakers in Beijing ahead of a key economic meeting next month. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldBenchmarks in Hong Kong and mainl

ECB’s Lagarde Urges Europe to Negotiate, Not Retaliate on Trade

(Bloomberg) -- European Central Bank President Christine Lagarde suggested European Union might be in a better position if it talks with the US about potential trade tariffs instead of immediately imposing countermeasures. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the Field“

From disaster to hope: A Vermont family thankful for community support after flood destroyed home

The last thing John and Jenny Mackenzie saw as they fled their Vermont home with their daughters, dog and two guinea pigs last summer was their cars upended and propelled away by rushing flood waters. Minutes earlier they had abandoned their 19th-century wood-frame house as the remnants of Hurricane Beryl turned it into an island engulfed by surging flood waters, with trees slamming into it and water gushing at colossal speed into the basement and first floor. “It was just like it was a horror movie at that point,” John Mackenzie said of the surreal scene on that July 10 night.

Japan Cabinet to Approve $92 Billion Extra Budget, NHK Says

(Bloomberg) -- Japan will lean heavily on extra tax revenue in a ¥13.9 trillion ($92 billion) additional budget to finance Prime Minister Shigeru Ishiba’s stimulus package, according to state broadcaster NHK.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldThe extra budget

Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lower

Shares were mixed Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares. Tokyo's Nikkei 225 index gained 0.7% to 38,400.00 and Australia's S&P/ASX 200 advanced 0.8% to 8,473.30. The Bank of Korea cut its key rate by a quarter percentage point to 3% and lowered its outlook for the country’s economic growth from to 2.2% from 2.4% for this year and to 1.9% from 2.1% for 2025.