FOREX-Yen drops despite intervention threat, Aussie slides after RBA The yen continued to slide against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar fell from near a two-month high versus its U.S. counterpart after the Reserve Bank of Australia refrained from ramping up hawkish signals, as some traders had anticipated. In her press conference after the central bank's widely-expected decision to keep rates unchanged ..read more

GreenCell Mobility Secures INR 307 Crore Financing from Sumitomo Mitsui for UP Electric Bus Project GreenCell Mobility on Tuesday said it has secured Rs 307 crore financing from Sumitomo Mitsui Banking Corporation for 350 electric buses in Uttar Pradesh. Under the terms of the agreement, Sumitomo Mitsui Banking Corporation (SMBC) has extended a long-term project 'green financing' facility to GreenCell Mobility for its 350 electric buses project in Uttar Pradesh, the company said in a statement. ''This Rs 3.07 billion project finance facility represents a pivotal step in both low carbon transpo ..read more

Polish services found bugging devices in room where govt is due to meet Polish special services have detected and dismantled bugging devices in the room where a meeting of the council of ministers is to be held, the special services coordinator's spokesman said on Tuesday. The Polish government is due to meet in Katowice in western Poland on Tuesday ..read more

Cambodia says it will cut shipping through Vietnam by 70% with new China-funded Mekong canal Cambodia plans to cut shipping through Vietnamese ports by 70% as a result of a $1.7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast, the country's deputy prime minister told Reuters. Sun Chanthol downplayed environmental concerns about the Funan Techo canal slated to break ground later this year, and dismissed speculation that it could be used to allow upriver access for Chinese warships as "baseless". The project, to be completed by 2028, has the poten ..read more

Educating Minors on Virtual Interactions: Beyond 'Good Touch' and 'Bad Touch' Teaching minors about ‘good touch’ and ‘bad touch’ is not enough in today’s virtual world and children must be educated on the emerging concept of ‘virtual touch’ and its potential dangers, the Delhi High Court has said. This involves teaching them appropriate online behaviour, recognising warning signs of predatory behaviour and understanding the importance of privacy settings and online boundaries. “This court is constrained to note that in today’s virtual modern world where virtual space has also become a breeding ..read more

"People upset with government, BJP will face a very bad defeat": Akhilesh Yadav after casting his vote Samajwadi Party (SP) chief Akhilesh Yadav, his wife and SP candidate from Mainpuri Lok Sabha Seat, Dimple Yadav cast their vote at a polling station in Uttar Pradesh's Saifai. After casting his vote, SP chief Akhilesh Yadav claimed that the ruling BJP party would face a very bad defeat as people of every section were upset with the government. Speaking with the reporters, Akhilesh Yadav said, "... BJP is going to have a very bad defeat because farmers, youth, businessmen, people of every sect ..read more

Amid Drizzles, Voters in Assam Face Long Queues at Polling Booths People lined up in large numbers since early morning across the four Lok Sabha constituencies in Assam where voting was underway in the third phase on Tuesday. People used all modes of transport, including boats, to reach the polling stations across Guwahati, Barpeta, Dhubri and Kokrajhar constituencies to exercise their democratic franchise amid drizzles. ''Today is Phase 3 of the Lok Sabha polls. I am sure all those who are part of the 3rd phase will strengthen our democracy by exercising their franchise... The weather in Assa ..read more

Euro zone bond yields fall to two-week lows on rate cut hopes Euro zone bond yields fell for a fourth straight session on Tuesday as investors increased their bets on rate cuts from the Federal Reserve and the European Central Bank this year, following weak U.S. jobs data on Friday. Germany's 10-year bond yield, the benchmark for the euro zone bloc, fell 2.9 basis points to 2.45%, its lowest since April 19. Italy's 10-year yield was lower by 2.8 basis points at 3.78%, and the gap between Italian and German bond yields widened 1.2 basis points to 132 bps. The spread between U.S. 10-year Treasur ..read more

Bihar: 24.41% Voter Turnout in 5 LS Constituencies by 11 AM Around 24.41 per cent of over 98 lakh voters exercised their franchise in five Lok Sabha constituencies in Bihar till 11 am on Tuesday, an election official said. Voting in Araria, Jhanjharpur, Supaul, Madhepura and Khagaria seats, all currently held by the NDA, began at 9,848 polling stations at 7 am amid tight security and will continue till 6 pm, he said. Supaul recorded the highest turnout of 25.98 per cent, followed by Araria (25.97), Khagaria (24.49), Madhepura (23.21) and Jhanjharpur (22.39) till 11 am. The electoral fate of 54 ..read more

Record rainfall linked to El Niño causes unusual flooding in Brazil Record rainfall linked to El Niño has caused unprecedented flooding in the southern Brazilian state of Rio Grande do Sul, with a growing number of casualties and infrastructure and economic losses. There is no immediate respite in sight. According to the Civil Defense of Rio Grande do Sul, 78 people have been confirmed dead, 105 others are still missing and 175 have been injured. Nearly 19,000 people have been made homeless, almost 116,000 displaced, and nearly 850,000 affected across 341 municipalities. National authorities h ..read more